Showing posts with label pricing. Show all posts
Showing posts with label pricing. Show all posts

Saturday, August 3, 2013

The Great eBook Pricing Dilemma

I got $3 over here, do I hear $4?
Two years, when I started this great self-publishing escapade, I did my fair share of research regarding ebook pricing. When all was said and done, I settled on $2.99 for the price of my full-length novel. I thought it was the standard going rate and as an unknown, I didn't expect anyone to want to pay more than that. I rated my writing at $3. $3 for a full-length novel. $3 for something that, had I been traditionally published, would command a price upwards of $9.99.

At the time, it made sense. $2.99 was sort of the standard indie number. It seemed that the majority of titles from colleagues were being set at the same price point. I dabbled with free back when Select had the most benefit (early 2012) and even dipped for a while into the $0.99 waters, without much luck. Since then, I honestly hadn't given much thought to pricing my book. Now, with the coming release of my book's sequel, the argument had crept back into my mind:
Am I short-changing myself at $2.99? In short, I felt the answer was "Yes."

So, that's why I'm changing my pricing regimen. I'm taking that leap of faith and asking... for a whole dollar more. I know, it's risky. $4 seems like so much more than $3, but it really isn't. I figure if erotica writers can get away with selling 15 pages "stories" for $2.99, then I can sell a 70,000-word novel for $3.99 and not feel too guilty.

I think the self-published market is experiencing dynamic change. People are recognizing the fact that quality work is coming from independent authors. I think more and more of those authors are taking chances with their pricing schemes and finding success. I'm feeling more confident about my pricing decision. It allows me more flexibility in terms of discounting and better return in regard to royalty rates. Some folks have it broken down to exactly how much they'll charge for a number of words. <10,000 = $0.99; 10,000-40,000 = $1.99; >40,000-<70,000 = $2.99, etc. I'm not producing at a rate where I need to worry about that, but I understand the scheme.

What do you think? Do you have a scheme, or are you still winging the whole pricing thing?

Tuesday, November 1, 2011

Price Drop! Aisle Six!

I'm cheap, not easy...there's a difference.

In preparation of my upcoming sequel release in January (Divisible by Six), I've lowered the cost of my debut book to the bargain basement price of $0.99 on Kindle, Nook, and more. That's right, you can now purchase my entire novel, all ~70,000 words of it, for about the price of a pack of gum. Full of substance with absolutely zero calories and no chewing required. So, if you've been on the fence, jump off and lay down your dollar. I promise, it's worth a Washington.

Remember, you don't have to own an ereader to buy an electronic copy. Both Amazon and B&N provide downloadable apps for either your smart phone or PC. Or, click on the "more" link above to go to Smashwords where you can download it in PDF form.

Tuesday, June 14, 2011

Why Cheap Books Won’t Ruin the E-Publishing Industry

Lately, there’s been a bit of a kerfuffle about how 99 cent ebooks are going to ruin the book publishing industry. That, somehow, by introducing thousands of new self-published “authors” to the booming epublishing industry (if you hadn’t heard, Amazon recently reported esales overtaking paper sales for the first time), it’ll take down the industry as a whole. As if the appearance of a cheaper alternative is the death knell of anything! It’s not going to go away, people! It’s just going to change!
As Americans, we are well aware of the introduction of cheaper alternatives. Pick up almost any consumer item on the shelf and you’ll more than likely see “Made in [insert favorite Asian country here].” But, that doesn’t mean you (A) can’t purchase said item, or (B) find that item with a “Made in the USA” label on it (though the label itself might still be made in Japan, but I digress). The same could be said of many consumer items.

Ebook pricing seems to be a rather contentious topic for some ebook authors though. Presently, most traditional (ie, big six publisher) authors ebooks are priced in line with their tangible (paper) publications. I don’t particularly understand buying an ebook for $8.99 when it costs significantly less to produce than a paper version. For nontraditional authors, the price line seems to dip below $3.99. I’ve debated my introductory price for Multiples of Six and feel that $2.99 is a fair starting price to ask. I’ve worked hard on it and I think it’ll be entertaining. But, only those who purchase and read the book can decide whether or not the work is worthy of the price point. And, I hope they’ll take the opportunity to tell me so one way or the other.

However, what seems to be happening of late is a smear fest against authors listing their works for $0.99 (the lowest amount Amazon will accept, other than free). Without reading the work, people are automatically disparaging the authors of these works. They claim they are diluting the virtual bookshelf with 99 cent trash. Now, mind you, they may be right. I’m sure there are plenty of slapped-together, typo-filled, incoherant novels out there, luring in readers with the 99 cent price tag. Hey, who doesn’t like a bargain? But, guess what? Consumers are pretty smart. If you buy something on the cheap, then you expect a certain quality. If the product matches the price point, then who is to complain? The consumer has only shelled out a buck and the author has, essentially, made not claim that their work will be worth more than that. If there is a sense, on the part of the consumer, that they haven’t gotten their money’s worth, rest assured that the author will hear about it.

Let’s think about it in terms of frozen dinners. You’ve got your top of the shelf--ahem--Stouffer’s and Mary Callender’s, then you have your Hungry Man, then you’ve got your Banquet. The Banquet is on sale for 99 cents and the picture looks kinda like the one on the Stouffer’s. You give it a try. You know you can’t expect the Stouffer’s quality--ahem--, but you can’t really complain about spending a buck. Now, either one of two things will happen. The consumer will either realize the error of his ways and never trust another $0.99 frozen meal again or the consumer will be satisfied with what they received in exchange for their money. No, it wasn’t Stouffer’s, but it was adequate and got the job done for a bargain price. Happy customer.

So, ok, get to the point then. The 99 cent price point won’t kill publishing. The influx of crappy writing won’t kill publishing. Consumers are pretty smart cookies (mmm…cookies). Give them what they want at the price they want and they’ll keep coming back. Give them crap and they won’t. And, in the end, the cream will rise to the top as it always does. And, just think, the top will be that much higher with so much more crap underneath!