Pricing
By Dale T Phillips
As an Indie, you get to set your own prices for your books. Do some further research on this, as there are articles and book chapters you’ll want to refer to. There’s a lot of info on sweet spots for pricing. Just look online, for example, and see what prices are for book similar to yours. Ebooks sell the most at $3-5, printed novels between $10-16. I don’t price higher than that, because fewer people will pay more for an untried product, but at that level, they’ll give it a try. Some charts show that ebooks sell the most if they’re not over 4.99, so I’m running a sale on the pricier ones to see if there’s any movement. We Indies always get to experiment!
Traditional publishers jack up the prices on their books, both in print and ebook, because they have to pay larger staffs. For print, I’m certainly not going to shell out $30 or more for a hardcover, and for an ebook, many readers don’t want to pay $15 for one ebook (myself included), when they can get three or more quality ones for that price. For myself, I prefer to keep prices low, so I can sell more, but still make a profit. At a live show, I can even cut a deal if they buy more than one book. The series novels are all priced the same, and at a level so I can give a bookstore their 40% or more and still make a profit. If I hand-sell one at full price, I make about $10 net, so if anyone starts to balk on purchasing, I can give them a discount. People love a bargain, especially if you drop the price right then.
Print costs you money, but ebooks cost you little to nothing. If someone buys a print copy from me, I’ll often offer the ebook for free as an extra bonus that’s usually appreciated.
I aim for a price appropriate to what I’m selling, as follows:
A short story collection (five tales): print, 4.99 (net about a dollar), ebook 2.99 (net almost $2). For perspective, I tell them they can have a book for the price of a coffee.
Longer collections: ten tales- print 7.99, ebook 3.99, 30 tales- print 11.99, ebook 7.99
Standalone short novels: print 9.99, ebook 3.99
Series novels: print 15.99, ebook 4.99. Except the first series book, at 2.99. I want to get them hooked on the series, so I offer the first at a low bargain price.
