Custom Pricing Model Configuration: Adapting to Market Needs

October 1, 2024

Faculty use of eBooks for at least one course had been slowly increasing for years, but it peaked significantly in 2020 when classes became online during the COVID-19 lockdowns. Despite a brief fall, the consumption of digital materials is now at an all-time high, with no signs of reverting. In a world where flexibility and digital integration are becoming routine, adaptive pricing strategies are critical for content publishers seeking to stay competitive.

LiveCarta provides a revolutionary solution for publishers to adapt to changing market demands via custom pricing model configuration. Providing several sales channels for content—by chapter, in personalized course packs, or even as digital rentals—allows publishers to optimize sales and accessibility. Let's take a look at how these customisable pricing models enable digital learning to be a boon for publishers, educators, and students.

Innovative strategies for educators and publishers

image shows the ability to purchase individual chapters of the book

Traditional publishing approaches are no longer adequate in the face of rising demand for digital materials. Educators require more control, students want affordable solutions, and publishers want to reach a larger audience without sacrificing income.

LiveCarta’s custom pricing model configuration is designed to address these requirements. Whether you are a publisher trying to maximize your content's reach or an educator seeking the perfect combination of learning materials, LiveCarta provides new methods to sell, distribute, and consume information, making the potential of digital publishing really accessible.

Exploring New Ways to Sell Content

Publishers and authors have multiple options on LiveCarta for selling and distributing their content:

Sell-by-Chapter (SBC): Break down a book and offer individual chapters, allowing educators and learners to buy exactly what they need.
Custom Publishing Capabilities: Publishers can create custom versions of their books or help educators do so, enriching content with multimedia elements.
DIY Online Course Packs: Combine content from multiple sources to create a personalized course pack that meets specific teaching needs.
Digital Rentals: Offer content for a creator-determined rental period, making learning affordable while retaining control over the length of access.

Formats Available:

Full eBooks
Individual Chapters
Digital Rentals
Curated Collections of Chapters
Integration of Multimedia (videos, animations)

How Do Custom Pricing Models Work

Create Custom Copies or Chapter Collections
LiveCarta’s platform allows you to create a Custom Copy of an existing book by adding multimedia, rearranging chapters, or hiding certain sections to ensure that it is properly matched to your course objectives. Alternatively, you can put together a Chapter Collection, which combines only the most important sections from numerous books into a single learning resource.
Set Your Price for the Value You Add
For example, the price you set for your efforts and the cost of the chapters in the Collection will influence the cost of a new Collection of chapters that you create. In other words, your collection will cost at least $10 plus your contribution if you use chapters from other books in your collection, which may cost $6 and4. Following this approach ensures that you receive credit for the work as well as the original authors.|
Sell-by-Chapter Flexibility
By selling content chapter by chapter, you can decide on a cost for each chapter considering its value and importance. This lets you make more of your content accessible while still ensuring a fair and adjusted pricing approach that meets market demand. This model reduces the cost of learning resources for students. After all, there have been plenty of textbooks over the years that just required a few chapters for exams.

Top 3 Benefits of Configurable Pricing

Tailored to Market Needs

Custom pricing models enable publishers to cater to diverse market segments. Whether educators want only a few chapters or entire custom collections, this flexibility meets the varied needs of different customers.

Maximized Accessibility and Revenue

By offering content in smaller, more affordable units (such as individual chapters or digital rentals), publishers can attract a wider audience. This increases content accessibility while also maximizing revenue opportunities.

Empowerment for Content Creators

Our approach ensures that content creators are rewarded for their work, even when their content is used in smaller segments or customized versions. This promotes a healthy ecosystem where educators and content providers can work collaboratively to deliver impactful educational experiences.

Conclusion

The demand for flexible, affordable, and easily customizable learning resources has never been greater. With LiveCarta’s custom pricing model configuration, publishers have a powerful tool at their disposal to adapt to market needs, maximize revenue, and make content more accessible.

Whether you’re a publisher, educator, or decision-maker in education, LiveCarta gives you the tools to navigate the evolving digital landscape. Ready to explore how custom pricing can enhance your content strategy? Get in touch with us today for a demo and discover new opportunities for growth!