You bet I will, just like all you other direct marketers. Photo by cameron parkins. I was testing out different theories regarding the right price, and I used different strategies for several pen names that I have. And it works for me, I make a lot more money than before.
Joel, thank you for this exceedingly informative article. And, as a newbie writer, but with a lot of years behind me in my niche subject, I was worried I was going to over-charge, now after reading this I think I may have been undervaluing myself….
Should You Publish Fiction or Non-Fiction?
Thank you! May be it will be forwarded to someone who will be your next customer.
Kobo comes with 1 GB storage, capable of storing up to 1, books. Thanks for the insight, Joel. Good Point on the fiction vs. I, too, am willing to pay more for non-fiction books which present practical help with actionable content. More justifiable than entertainment luxury expense, I suppose. Again, about the same level of success, so I figured there was not that much price sensitivity. Also, it does pretty well at Amazon. We will see.
The book was first published in paper back about 8 years ago, the title was then purloined and another author brought out a book of the same name to accompany the BBC television series about 3 years later. My book went out of print but is the original book with that title. The latter book is not on kindle, so I hope there is no confusion — I will be pricing it at 99c and hope for the best.
Great information for a new author trying to figure out the best way to get a first book published. Its like you learn my thoughts! You appear to understand so much about this, such as you wrote the e-book in it or something. I think that you could do with a few p. An excellent read. I will definitely be back. Thanks for this great info. I am just about to publish my first book So you want to play the Piano?
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Great info. I started publishing non-fiction e-books in through Ingram and moved prices up and down. Lowering the price only costs me money. That choice is more about gaining market share than maintaining margins. I buy formatting and covers from third parties so my costs are higher than average. Francis, thanks for the interesting feedback. Good luck with your fiction. My expectations are also very realistic. So one major expectation I have is that it will take a long time to build up a base. My main target for book 1 is to keep losses to a minimum, as I work on finding a home for my voice.
I plan to release one book a year, because my writing persona is more tortoise than hare; my next book is planned for January In your experience, what price should I go for? I thought of 0. But, from what was said above, is it better to price it a 0. With thanks and best wishes Judy, South Africa. Bowerbird: Thanks for your suggestion, much appreciated! Judy, South Africa. Incidentally amazon is now offering my book for. But as you say, this is probably too risky and may not be worth it.
E-books are not pure profit if you pay third parties for cover art and formatting, which we do in some cases. Ease of use is always an issue and so is readability. Re the comment that Amazon still pay the list pricein spite of discounting. Quite a consideration. Good point, Rosalie, all prices being quoted are the selling price, which is set by the retailer. Royalties are deducted from the retail price, which is set by the publisher. I priced my non-fiction on kindle at 4. This made amazon automatically discount the kindle version to 2. And most of the people having success with fiction seem to be multi-title authors who can afford to have some books at the lowest price or free.
I have a Nook. When I went to download a recent mystery from a leading author, I found that the hardcover was actually a few cents LESS than the downloadable book through Nook. So I began some research similar to yours. I will quote and credit from your blog, if you will give me permission.
What it Takes to Sell Thousands of Books a Month
Great post! Just in terms of the research I have to do, and the energy it takes to organize all the knowledge. Whereas for my fiction, I just sit down and start typing. Yes, a whole new consideration. But the research part is a very real factor, so thanks for that. Even though you can calculate an average from any list of numbers, the result is not necessarily meaningful. But this is still very very interesting. But you are showing us that the market will support higher ebook prices… very interesting!
Thank you for sharing! Thanks for your thoughtful contribution. I think Vincent makes a great point about varying your pricing to get more interest in your overall catalog. And as I mentioned to Vincent, this whole idea of building your readership with inexpensive or free books that introduce readers to your style and genre just makes lots of sense. Like to hear how it works out.
My audience has expanding by tens of thousands all because of price experimentation… Cheers Vin. Thanks for the inside info.
Fiction vs. Nonfiction E-Book Pricing in the Kindle Store
There is so much to consider when pricing your non-fiction book. The truth is even if Mr. Good luck with your book! Most people hire a professional to format their book to ensure everything looks great but we also have a guide to help you format your book properly. This is a very simple step for publishing an ebook. After the cover, this is the single most important part of publishing an ebook. Believe it or not, there are actually good and bad days to launch your book. Typically speaking, the winter holiday season is the worst time to publish a book simply because the advertising market will be super saturated.
Everyone is putting their best ads forward so they can reap the rewards of those holiday spending dollars. Your book can easily become lost in the hype of literally every other book and product marketed during that time.
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This is such an important step when it comes to self-publishing an ebook. A great way to do that is to have an online application form that each person has to fill out. This will help narrow down those who are serious about helping you and will put in the time and effort to do so.
Make sure to also check out this guide to building and managing your book launch team.
Many who publish ebooks usually have a website or blog they can use to drive traffic to it. Not only that, but some actually use the ebook as a lead magnet and even the main source of income on their site. And publishing a book — even just an ebook — can do wonders for growing your online business as well. This gives those who are already interested in the publishing industry something of high value right off the bat. Make sure your launch team is ready for a day of sharing and even some activities.
Get together with your launch team beforehand and have everyone brainstorm some launch day events. And the best way to ensure you keep pushing buyers to your book is to make it the focus of your blog and website. Plus, if you have those great reviews from your launch team, you can actually leverage those to make more sales. Place reviews on your website on the same page your book is linked to. Except, in this case, your service is a book. You should, however, think about creating a website to at least host your book and information on in case others want to find you and even connect with you about speaking engagements and other amazing opportunities a book can grant you.
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