I really, really don’t know what I would do without you, Readers. Thanks to your oh-so-wise insight yesterday – plus a little research on self-published pricing, optimal price points for e-books, etc. – I think I may have come up with a gameplan. Exciting, no?
I took much of your advice and mulled over it for a while. Then I googled some stuff and mulled over that. Then I looked up some Kindle books and some paperbacks that are similar to what I’m selling. Here’s what I’ve decided:
I actually found a very in-depth article on e-book pricing, and how it’s easy to price yourself out of sales. The article looked at a bunch of author sales – both famous authors and unknowns – and found that the optimal price point for e-book sales is $2.99 – $3.99. That sounded pretty good to me, so there’s my e-book price.
Paperbacks were trickier – and even though a couple of you suggested I wait on the paperback, I am doing publish-on-demand, so there’s not any cost to me to go ahead and put it in that format as well, so I’m going to go ahead and do it. But anyway, paperback prices? They are all over the place. I did a bunch of research on B&N and Amazon and eventually decided $10.99 would be a good price, but then the publisher told me I couldn’t sell it for less than $13.40 because then I would’t get ANY royalties, so I bumped it up to $13.99.
It’s what I would pay for an author I’d never read before, I think.
Again, thank you SO much for the input! It really helped. Especially because I got to see what everyone normally pays for things and what they consider too expensive. Oh, and THANK YOU for telling me that some of you don’t even look at the really cheap e-books because you figure they’re not any good! That was VERY helpful to know.
Have a great weekend!