“I don’t get to say this often: it’s a perfect execution.”

Though I have purchased books I have yet to purchase or subscribe to a magazine or newspaper on the iPad. Ryan’s praise for The Economist may change that.

I couldn’t understand why. Even someone that is relatively unaware of the inner-workings of book publishing would assume that eBooks cost less to produce and distribute than a paperback or hardcover. So why does it cost more? It turns out, eBook sales are outpacing sales of both paperback and hardcover books (and is still growing rapidly). Supply and demand, or more specifically demand alone since supply is unlimited, is making it easy for book publishers to charge more for eBooks than logic would suggest.

Many people are preaching doom and gloom for the publishing industry but I would say it is entering into a brand new heyday. A time where the costs to create and distribute their goods is rapidly decreasing while the amount they can charge is steadily increasing. A boom, if I may.

I’m a proponent of people being paid, and paid well, for the things that they do. I’m not someone who believes that all things will or should be free. But I also believe in logical pricing. Many things can and should logically dictate the price of something. Supply and demand, cost of goods, overhead, delivery, support. However, when an industry sets price without logic is when it is poised for disruption. And I believe that after an initial boom the prices of eBooks will level-out if not decline rapidly.

The music industry went through this with the advent of the MP3. It turns out Apple is right. Single music tracks from our favorite artists can be only $.99 and both the labels and artist can make bundles of money. For some, like Kid Rock and others, this model is far too strict and confining because the artists aren’t allowed to “package” their products the way that they want. This may change (and I think it should) but no one can argue that the iTunes Music Store is a massive success for everyone involved in spite of its flaws.

I also think that the iTunes Music/App Store revolution has trained people into thinking that everything from a single music track to a complex mobile application should cost $.99. As a consumer I’m delighted with this but as a businessman I’m seeing this as a longterm issue. I’ll save this for another post, however.

I don’t pretend to know when the eBook pricing disruption will occur but I feel it is fast approaching. When it is no longer prudent to print hardcover or paperback versions of books, obviously, the amount that eBooks will sell for should dramatically decrease. But we’ll see. So long as people continue to pay for eBooks and continue to buy them at the pace they are now – the eBook boom could continue to swell for some time to come.

I’d be remiss not to mention my goal of Bringing it all together and how I’m getting pretty close to my personal online publishing Utopia.

Jeremy Keith wrote about his personal efforts, and the efforts of a few others, and how the strategies all differ. It seems that there are few different ways to go about “bringing it all together”, you just have to choose which one you like the best.  Here is a short list:

• Publish only on your own site.
• Publish everywhere but aggregate back to your site.
• Publish everywhere but link from your site.

Source: Jeffrey Zeldman Presents : The vanishing personal site