bea 2014 the bargain ebook buyer
DESCRIPTION
With the ability to manipulate the price of an ebook at any time, publishers are presented with a great opportunity and a great challenge. Many grapple with questions about devaluing content, losing sales, competing with the self-publishing market, and more. In this session, the president and co-founder of BookBub, the leading service for ebook price promotions, will present survey data from BookBub’s audience of over 2 million readers. What is the reader profile of a bargain ebook buyer? Are they male or female; old or young; single or married? Do they look exclusively for the lowest prices they can find, or will they also buy at full price? Do they read the free books they download or leave them to languish on their overloaded virtual bookshelves? The data presented here will offer insights into the buying and reading behavior of an audience of price-sensitive ebook consumers, empowering marketers to identify opportunities in which pricing can be used as a tool to maximize sales and exposure.TRANSCRIPT
the BARGAIN EBOOK BUYER
O r i g i n a l D a t a o n t h e P u r c h a s e B e h a v i o r
O f P r i c e - S e n s i t i v e E b o o k R e a d e r s
The Bargain Ebook BuyerBookBub | The leading service in ebook price promotions
WHAT IS BOOKBUB?
• Daily email and website alerting millions of readers to limited-time deals on ebooks
• Publishers and authors promote discounts to drives sales and gain fans
BookBub | The leading service in ebook price promotions The Bargain Ebook Buyer | 2
BookBub | The leading service in ebook price promotions The Bargain Ebook Buyer | 3
Access To Mi l l i ons o f Barga in Ebook Buyers
EXCLUSIVE SURVEY DATA
BookBub | The leading service in ebook price promotions
WHO AREBARGAIN READERS?
The Bargain Ebook Buyer | 4
BookBub | The leading service in ebook price promotions The Bargain Ebook Buyer | 5
W H O A R E B A R G A I N R E A D E R S ?
They Are Predominantly Female
16%Men
84%Women
Under 35 35-44 45-54 55-65 65+0%
500%
1000%
1500%
2000%
2500%
3000%
3500%
BookBub | The leading service in ebook price promotions The Bargain Ebook Buyer | 6
W H O A R E B A R G A I N R E A D E R S ?
The Vast Majority Are Over 40
BookBub | The leading service in ebook price promotions The Bargain Ebook Buyer | 7
W H O A R E B A R G A I N R E A D E R S ?
A Significant Amount Are Retired6%Self-employed
8%Homemaker
3%Other
38%Employed Full Time
37%Retired
8%Employed Part Time
BookBub | The leading service in ebook price promotions The Bargain Ebook Buyer | 8
W H O A R E B A R G A I N R E A D E R S ?
Most Don’t Live With Children
21%Never Had Kids
20%Live With Kids
58%Empty Nesters
BookBub | The leading service in ebook price promotions
WHAT ARE THEI RREADING HABITS?
The Bargain Ebook Buyer | 9
Average Readers Bargain Readers
R E A D I N G H A B I T S
They’re Power Readers
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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Power Readers
1 to 4 Books/Month
59%Read 4+ Books Per Month
35% Read 1-4 Books Per Month
6% Read <1 Book Per Month
Average Reader Bargain Reader
R E A D I N G H A B I T S
They’re Power Readers
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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10xThe Number ofPower Readers
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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R E A D I N G H A B I T S
They Read Everywhere
Read books at night before bed
97%Read books at home during the day
96%
Read books when they travel
94%Even read books while at work
45%
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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Nook15%
W H O A R E B A R G A I N R E A D E R S ?
They’re On Different Platforms
Apple26%
Android10%
Kindle49%
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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R E A D I N G H A B I T S
They Primarily Read On Tablets
Tablet60% Dedicated
ereader
35% Phone
5%
Read PaperbacksRead Hardcovers
OVER
60%
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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OVER
70%
R E A D I N G H A B I T S
They Also Read Print Books
[ Although 65% say they’ve started reading fewer print books over the last
two years. ]
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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R E A D I N G H A B I T S
They Find Print Books Everywhere
Bookstore Chains
43%Independent bookstores
20%
Library45%
Used bookstores
32%Garage sales22%
Borrow from friends
31%
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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R E A D I N G H A B I T S
They Are Predominantly Genre Readers
25%Romance
29%Non-Genre Titles
What Bargain Readers Say They Primarily Read
14%Scifi/Fantasy/Horror
32%Mysteries/Thrillers
BookBub | The leading service in ebook price promotions
W HAT A R E TH E IRPURCHASING HABITS?
The Bargain Ebook Buyer | 18
Median U.S. Household
P U R C H A S I N G H A B I T S
Their Median Income Is Above Average
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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$51Kof bargain readers reported an annual household
income of at least $50K
64%
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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P U R C H A S I N G H A B I T S
They Buy Full-Priced Ebooks
23%Exclusively purchase
discounted books
77%Purchase full-price and discount books
P U R C H A S I N G H A B I T S
They Are Price Sensitive
$0.99 $1.99 $2.99
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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AveragePurchase
Rate
Purchase Rates Decline as Prices Go Up
“I’ve jumped on a series or author that I was
uncertain about due to a bargain price.”
P U R C H A S I N G H A B I T S
Price Is Important For Discovery
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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“I prefer to pay $1 or less for an unknown author. I would pay much more for an author I’ve read and
enjoy.”
P U R C H A S I N G H A B I T S
Price Is Important For Discovery
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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BookBub | The leading service in ebook price promotions
WHY BARGAIN READERSARE VALUABLE
The Bargain Ebook Buyer | 24
W H Y B A R G A I N R E A D E R S A R E V A L U A B L E
They Try New Authors
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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of bargain readers have purchased a book from an author unknown to them
because of an ebook price promotion
95%
W H Y B A R G A I N R E A D E R S A R E V A L U A B L E
They Read The Books They Download
Never Rarely Sometimes Always0%
10%
20%
30%
40%
50%
60%
70%
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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How Often They Read a Book They Download
W H Y B A R G A I N R E A D E R S A R E V A L U A B L E
They Become Loyal Fans
of readers have purchased other books by an author that they discovered as part of a price promotion.
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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63%
“I've never read anything by Marti Talbott, but the
Highlander Series book 1 was free and it was such a good book I had to purchase the
series. I'm up to #8!”
W H Y B A R G A I N R E A D E R S A R E V A L U A B L E
They Get Hooked
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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W H Y B A R G A I N R E A D E R S A R E V A L U A B L E
They Recommend Books They Like
Of bargain readers tell their friends about
books they discover.
BookBub | The leading service in ebook price promotionsThe Bargain Ebook Buyer |
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65%
BookBub | The leading service in ebook price promotions
Summary
The Bargain Ebook Buyer | 30
• Bargain readers are Power Readers
• They’re price sensitive, especially when it comes to trying new titles, but are willing to experiment, and also purchase full price books
• They are valuable, long-term readers who are invested in the books they purchase
BookBub | The leading service in ebook price promotions
FOR MORE FROM BOOKBUB, VISIT
UNBOUND.BOOKBUB.COM
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