I came across this publishing article the other day on things to consider when pricing your book. A useful read that goes over some of the basics to help you make your decision.
The entire time I’ve been writing my first book, I never considered selling the finished product at less than £1.99 on the kindle store, purely so I could reach that 70% royalty sweet spot. Recently though, I’ve been thinking that pricing my book at £0.99 would be a better decision. Even though it means dropping down to the 35% royalty option and no doubt making a lot less money, the lower barrier to entry would introduce more people to my work. Once I have a few books out at the low price point and have proved I’m a competent author worth taking a risk on, then I can start taking advantage of the 70% royalty rate.
I’m not Mr Business from The Business School of Business or anything, but it seems like a smart decision long term. At least for anyone planning to write quickly and release a few books each year like me. Negatively though, it does make the dream of writing for a living seem even further away than it already is. But hey, life is a marathon not a sprint, as Eddie Izzard admirably demonstrated recently.
HE'S DONE IT.
— Sport Relief (@sportrelief) March 20, 2016
© 2016, Gavin Zanker. Licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
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