Matt Zimmerman
- I don't understand how people can bid so high when there is no indication whatsoever of the length of each volume? I mean, what if each volume is 25 pages? Can someone shed some insight on this? It looks very interesting but with little to no indication regarding length there is no way I could personally justify $350.
- Matt, I too have a hard time justifying $350. I've placed my bid at $50. Perhaps Logos will add lower bids (sometimes they raise the lowest bid, essentially nullifying the lowest bid). Considering I bid $50 almost 2 years ago, I suspect some issues have come up with this product. But, I do wish people would bid lower. But, until enough people start to bid lower, this may stay at $350 or may not even get published. My suggestion is to help get the price vote out on different sites you frequent. Every so often I promote this item on Facebook, and on a couple Christian forums. In case you are unfamiliar with how Community Pricing works, maybe this will help: Logos places a title they think people might like to see added to their library. In this case, The Bible in 7 Acts. They have a price they believe it will cost to produce the title. Let's say it will cost $3500 to produce (I'm pretty sure its not that cheap, but, its a good number to work with to demonstrate how CP works). If 1 person bids (and pays) $3500 it gets produced. If 10 people bid $350 it will get produced at that price range. It would take 7 times as many people to bid $50 as it does each person bidding $350. So, in this pricing example, it would be 8 people who bid $350 (again just a random number used for illustration purposes) and it would need 56 people bidding $50 to equal the 8 who bid $350. As a result, because this resource is apparently very expensive to produce (based on enough bids to cover about 65% of the full production costs at $350, and less than 30% covering the $50 bid to cover full production cost, and length of time to gather bids) it's still sitting at $350. As someone else pointed out, because the default bid sets at the highest percentage if even one person bids, not fully understanding the process, it will take 8 bidders at $50 to beat that one bid. So hopefully, enough people will realize this, and will bid not at the default bid (currently $350) but at the lower $50 or even $100 bid.