bea 2014 the bargain ebook buyer

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the BARGAIN EBOOK BUYER Original Data on the Purchase Behavior Of Price-Sensitive Ebook Readers The Bargain Ebook Buyer BookBub | The leading service in ebook price promotions

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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

Page 1: BEA 2014 The Bargain Ebook Buyer

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

Page 2: BEA 2014 The Bargain Ebook Buyer

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

Page 3: BEA 2014 The Bargain Ebook Buyer

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

Page 4: BEA 2014 The Bargain Ebook Buyer

BookBub | The leading service in ebook price promotions

WHO AREBARGAIN READERS?

The Bargain Ebook Buyer | 4

Page 5: BEA 2014 The Bargain Ebook Buyer

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

Page 6: BEA 2014 The Bargain Ebook Buyer

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

Page 7: BEA 2014 The Bargain Ebook Buyer

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

Page 8: BEA 2014 The Bargain Ebook Buyer

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

Page 9: BEA 2014 The Bargain Ebook Buyer

BookBub | The leading service in ebook price promotions

WHAT ARE THEI RREADING HABITS?

The Bargain Ebook Buyer | 9

Page 10: BEA 2014 The Bargain Ebook Buyer

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

Page 11: BEA 2014 The Bargain Ebook Buyer

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

Page 12: BEA 2014 The Bargain Ebook Buyer

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%

Page 13: BEA 2014 The Bargain Ebook Buyer

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%

Page 14: BEA 2014 The Bargain Ebook Buyer

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%

Page 15: BEA 2014 The Bargain Ebook Buyer

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. ]

Page 16: BEA 2014 The Bargain Ebook Buyer

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%

Page 17: BEA 2014 The Bargain Ebook Buyer

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

Page 18: BEA 2014 The Bargain Ebook Buyer

BookBub | The leading service in ebook price promotions

W HAT A R E TH E IRPURCHASING HABITS?

The Bargain Ebook Buyer | 18

Page 19: BEA 2014 The Bargain Ebook Buyer

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%

Page 20: BEA 2014 The Bargain Ebook Buyer

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

Page 21: BEA 2014 The Bargain Ebook Buyer

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

Page 22: BEA 2014 The Bargain Ebook Buyer

“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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Page 23: BEA 2014 The Bargain Ebook Buyer

“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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Page 24: BEA 2014 The Bargain Ebook Buyer

BookBub | The leading service in ebook price promotions

WHY BARGAIN READERSARE VALUABLE

The Bargain Ebook Buyer | 24

Page 25: BEA 2014 The Bargain Ebook Buyer

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%

Page 26: BEA 2014 The Bargain Ebook Buyer

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

Page 27: BEA 2014 The Bargain Ebook Buyer

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%

Page 28: BEA 2014 The Bargain Ebook Buyer

“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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Page 29: BEA 2014 The Bargain Ebook Buyer

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%

Page 30: BEA 2014 The Bargain Ebook Buyer

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

Page 31: BEA 2014 The Bargain Ebook Buyer

BookBub | The leading service in ebook price promotions

FOR MORE FROM BOOKBUB, VISIT

UNBOUND.BOOKBUB.COM

The Bargain Ebook Buyer | 31