AUDIOBOOK PRODUCTION PRICING AND FEES
Published and marketed
wisely, audio textbooks will increase your bottom line.
Publishers release nearly 10,000 audio books annually, and
estimate that audio accounts for 10 to 15 percent of a book's
total sales. In 2007, audiobook sales rose nearly 20 percent
from the year before. It's a profitable format.
Audiobooks typically
sell for about 50 percent more than the same content in print.
Factor in comparatively low CD duplication and internet
bandwidth costs, and audio textbooks can provide an optimal return on investment. Obviously,
you must control production costs. Texts In Audio will guarantee
that. Then you should consider three distribution channels that
offer unique opportunities to differentiate your text, and by
doing so, generate sales.
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TRADITIONAL: BOXED CD SETS |
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CDs accounted for 77 percent of 2006 audiobook
sales, so it remains the most popular overall format. But most
textbooks are longer than self-help tomes and novels, and
accordingly require more disks. Abridgements are seldom good
options for textbooks, whose comprehensiveness offers the best
learning opportunities. Students accustomed to high textbook
budgets will not be intimidated by audio pricing, and may prefer
formats more suitable for multi-taskers.
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CONTEMPORARY: DIGITAL DOWNLOADS |
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The target audience for textbooks─high
school and college students─are very iPod-friendly. 73 percent
of 12-17 year-olds own digital music players, as do 51 percent
of 18-24 year olds. Estimates of MP3 player penetration
specifically among students range as high as 87 percent.
There are two viable models
to sell audio downloads, and you can use both simultaneously:
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BEST OF BOTH WORLDS: CD AND DVD
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Many instructional manuals and textbooks include CDs and DVDs
affixed to the back cover. A single DVD will accommodate an
entire text's audio in MP3 format and is relatively inexpensive
to duplicate. A supplemental set of audio files adds enough
value for students and instructors that it justifies a higher
text price point.
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