Pricing Your Indie Book Correctly
Before you can set a price on your book, you need to know
several things.
1. What did
it cost you to produce and publish it?
2. What are
the distributors’ and/or retailers’ fees for each book sold?
3. What is
your “valued” competition charging for like titles?
Let’s think outside the box for a minute. You are grilling
out steaks tonight. Are you buying your steak at the dollar store, or are you
going to the grocery store or wholesale club to get them? Why? The steak at the
dollar store is only $1, and the grocery store, steak is probably a minimum of
$5 or $6 for the lesser quality steaks. The same thing you are thinking about
that dollar store steak, and yes, there is steak at a lot of dollar stores, is
what people think about books sold at $0.99.