Price point is a hot topic with indie authors. When I published my first book I took a look at 5 other books in my genre that I liked and then priced my book around the same. That turned out to be a mistake, at least in terms of pricing my e-book. Turns out those who use traditional publishing channels charge more for their ebooks because they have to, because when you use a traditional publisher there are more hands in the pie so they need to charge more to pay off those expenses.
Since they have a lot of extra marketing behind their products they tend to move more books than the average indie author so I guess it’s easier for them to sell books that are a tad more pricey but for the rest of us, we have to compete with a huge and highly competitive market so we can’t afford to lose so many customers for overpricing our books.
So how much should you charge for your e-book?
- If your fiction book has less than 50,000 words then that’s easy, $.99.
- If your fiction book has more than 50,000 words but less than 150,000, which is the average book, then you fall into the $1.99 to $4.99 category.
If you have a really great book cover then you can probably get away with charge $3.99 to $4.99. If you paid to have someone edit your book and clean up the grammar than you can also probably get away with the higher price range of $3.99 – $4.99.
If your cover is only so-so but you do have proper editing then maybe try $2.99.
If you don’t have a great book cover, and you didn’t get a professional edit, especially in terms of cleaning up your spelling and grammar and you still insist on publishing your book, then stick with the $1.99 range. I however really really really strongly suggest you go over to odesk.com and hire an editor. For a 60,000 to 100,000 word book you can get someone to edit it for $100 or less.
- Self-publishing vs. traditional publishing: The religious debate (teleread.com)
- The Business Rusch: The Stages of An Indie Writer (kriswrites.com)
- Self-publishing a book: 25 things you need to know (reviews.cnet.com)
- The New World of Publishing: Stop Submitting Manuscripts to Traditional Publishers (deanwesleysmith.com)
- The Hybrid Author is the New Pottermore (Hype) (the-digital-reader.com)
- How I overcame snobbery to self-publish an e-book (telegraph.co.uk)
- 6 Essential Steps for Self-Publishers (savvybookwriters.wordpress.com)
- Self Publishing vs. Traditional Publishing: The Reader’s Perspective (jackwoe.wordpress.com)
- The rise of the 99-cent Kindle e-book (reviews.cnet.com)