You’re a writer. You worked for months, possibly years, to bring your creative dream to fruition. The book’s good, damn good. At least you think so. Now you’re ready to upload it to Kindle. Of course, you want to be payed a fair price for all of your hard work. Perhaps you also have dreams of escaping your soul sucking day job and becoming a professional writer. You earn higher royalties on Amazon if you price your book between $2.99 and $8.99. Many traditional publishers charge the same price for their ebooks as a printed copy.
So, how should you price your book?
You’re a reader. You read traditionally published authors and you’re willing to pay a premium for their books because you know the author and you’ve read the reviews of their latest book in major magazines and newspapers.
But you also like to check out new and up-and-coming writers who publish their books without benefit of an agent or editor. There are so many self-published books out there (500,000 released every year). How do you even choose? You’ve read the reviews, but you know from past experience that they often can’t be trusted. More than likely, the book will stink and you won’t read past the first few chapters.
So, how much would you pay for the book?
Being a self-published author is tough. It all comes down to supply and demand. In a over-saturated market, it’s difficult to get noticed, let alone make money. If books were widgets, we’d be face with a market where way more were being made than people to buy them, and no way to know if the widget you chose is a hand crafted, made-in-America product or a cheap Chinese knock-off. As I mentioned in a previous post, an author’s only choice is to price the book at $.99 (or in some cases free), market the hell out of it, and hope for the best.
I’d be interested in the comments and experiences of other authors.
Good luck and best wishes,