This article at the Los Angeles Times takes a short but effective stab at describing the new eBook business model. Read the full story here.
The gist of it is: “give away the basic version to build your initial audience, then sell them premium features, such as the ability to download the book or having a physical copy.” It’s kind of straightforward logic; but in that model the hard cover or paperback version of the book becomes the PREMIUM version that people will pay for. I can see that happening, as long as they’re not asking an arm and a leg.
It’s a sensible solution. The charm of ‘physical’ books will stay with us for a long time to come, and the paperback becomes the extra feature you pay for, yah?
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[…] We talked before about the concept of ‘Freemium’ here. […]