Now that a hedge fund has acquired Barnes and Noble (and its debt), this is a seriously tenuous time. They wouldn’t be the first giant beheaded by the PE (Private Equity) sword. Writers? Remain vigilant.
Tag: writing business
Aug 09 2013
Price is no longer as big of a determining factor as it used to be. A couple years ago, John Locke started the .99 bandwagon and many authors jumped on. At first readers were excited, until they realized the slush pile had just been dumped onto their Kindles and Nooks. This is good news and bad news. Bad news? Being cheap isn’t the game-changer it used to be. Good news? People are gravitating to higher priced books, because there is a presumption of higher quality. This means good books can make more money. Yay!