Pricing Your eBook: 99 Cents Is All You Need to Know

I’m an old fool. When I published my ebook on Amazon for Kindle readers I was thinking in 20th century terms. I was comparing it to a paperback book. So I considered my $7.99 price a bit of a bargain, given that most softbound books go for $9.99 or more.

What a dufus I am. In the not too distant future all ebooks will cost 99 cents, just like mine does now. (Or will by tomorrow when the change takes effect.)

What prompted my new “pricing strategy” was getting my first royalty check from Amazon. And a big promotional story for me and other local ebook authors. First, the royalty, while surprising and nice, was not that much money. Second, the big story about we ebookers generated all of two sales for me.

The reason, I now believe, is that the pricing model for ebooks is simple: cheap wins. Always. Don’t believe me? How about this writer or this one or that one?

My theory is that Kindle owners browse what’s available on Amazon, buy what they are searching for, and then make a series of impulse buys. Spending 99 cents is easy. If what you buy is lousy, no big deal.

Since I’ve decided to join the 21st century of publishing through ebooks, I better have 21st century pricing policy, too.

Advertisements

2 thoughts on “Pricing Your eBook: 99 Cents Is All You Need to Know

  1. Congrats on making the big leap. Look forward to hearing how sales go in the coming months. Price does matter.

  2. So, perhaps, a higher price for those who want (searched for) your book, and a lower price for impulse (“You may also enjoy…”) purchases? I’m looking forward to getting a portable device so I can read this. Or does my library issue Kindles?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s