Sunday, March 13, 2011

E-Book Pricing - Part IV

The writer-blogs continue to buzz like stirred-up bees over e-book pricing. Kindle Boards, Authonomy, Nook Boards, Newbies' Guide to Publishing, Business Rusch, and Write 2 Publish - everyone has taken on the topic in an effort to figure it out. I've posted about it several times.

The last time I posted about pricing was to cave in to the pressure to sell "Let's Do Lunch" for $.99 in the hope the drop would bring on sales. My goal was to get 100 copies of my novel onto e-readers in 2011. Instead, sales on Amazon came to a screeching halt.

That goals was reached this week when I had Smashwords put LDL into it's promotion catalog for free. Readers (or book collectors) downloaded 72 copies. Adding that to the 30 copies already sold - I'm over 100 copies in less than 3 months for the year.

Reaching a goal requires re-evaluation.

*** UPDATE ***
Taking all sorts of things into consideration - including the cost of advertising, covers and editing for the new book - I raised the price of 'Let's Do Lunch.'

Writing is a business - the cost of doing business is pretty high these days. Just printing a single copy costs $20 with ink and paper. Internet, where I spend the bulk of my time, is $60 a month. As every adult knows, that's the tip of the iceberg.

Now I'm back to work on the next book.

No comments: