Do I know what it is? No.
Do I know what’s working for me? Yes.
Will that work for you? I don’t know.
So how do you decide where to price your own book? Avail yourself of current information and make the most informed decision you can. Then, experiment. Given that there are so many factors influencing book buying, my price point may be different from yours.
So, if you are interested in reading three different takes on optimum pricing, use the following links. If you are sensitive to the business side of the book world, surf elsewhere. If you’re on the fence, pretend you are in Regency England and that frank discussions of finances are acceptable.
- Victorine Lieske, author of Not What She Seems, and the results of her $.99 ebook pricing experiment.
- Robin Sullivan, wife and marketing guru for Michael J. Sullivan, author of The Crown Conspiracy (The Riyria Revelations) and the other books of the Riyria Revelations series, and the conflicting results of her $.99 ebook pricing experiment.
- Bookbee.net’s mathematical calculations for finding the optimum ebook pricing based on data from J. A. Konrath. (Edited to add: The origins of the conclusions in this blog come from Dave Slusher, of whom I will be reading more in the future.)
Confused? Me too. But in my view, the last article is instructive. It shows how to take your own data, based on your own experimentation, and use it to find your best price.
Go forth and write!