I’ve been thinking about the books I have out on Amazon, the reviews they’ve gotten and the fact that I can probably improve them a little. I know I’ve grown as a writer over the past year or so. I’ve been reading my ass off, giving reviews when I can and seeing how others write. I’ve also been getting really good at spotting mistakes (especially spelling mistakes) and although I’m not always grammatically correct (I have trouble with a comma issue…it’s a disease I’m sure there is a treatment for), but I think even that has improved.
Recently I’ve been toying with the idea of raising the prices of my cheapest books to match the price of the more expensive prices. However, before I do that, I’m going to make sure that they are better…revising, editing them better and having them read-thru by some beta readers, just as if they were brand new novels that no one had ever read before. I’m even toying with the idea of changing/adding to the titles.
But how much is too much for an ebook/novella/short story? With any of these, there are no printing costs, no overhead and although you would make more with having your book priced at a higher price, will people buy it?
I’ve seen some novels that, in my opinion, were priced too low. Some too high. Do people buy these books?
According to my husband (disclaimer~he is NOT an expert), in his opinion, pricing your full length book too low (like at the .99 cent level) means that you don’t think enough of your book and therefore, others won’t think much of it either. But, on the other hand, pricing them on the too-high end, does that mean you think you’re the best and that you stand up there with the likes of Stephen King, Ken Follet, Amanda Hocking and Dean Koontz?
Um, hate to break it to you, but you probably aren’t.
However, what about the people who have been traditionally published and published through small presses? Apparently the authors don’t have any say in what price the publisher places on their books. So, a nobody for whom nobody knows suddenly has a book out on the market that is far too expensive for the average book out there. I’ve seen ebooks as high as $11-14 dollars from small presses. Are they selling?
There are some really great Indie authors out there that feel their work is worth $5-7 dollars, yet they’re not selling. Why is that? Why aren’t they selling?
On the other hand, I’ve read books from some Indie authors and thought to myself, “This book could be priced higher,” because it was that good. However, would it sell better just because of one person’s opinion? Not likely. Several? Maybe.
I have to admit that I don’t have the cash to throw around to buy those expensive books, even for a friend (although I did just purchase a short story by my friend Evie…she does some reviews for friends, so it’s a tit-for-tat sort of thing.) I have in the past paid the “small press price” but now I just can’t justify spending that much money on something that I can’t hold in my hand and place on my shelf when I’m finished with it. I also have to admit that the majority of ebooks on my ereader were free books. I wait until the book becomes free at Amazon, then grab it, just as I would hope that my friends do with me.
All of my online friends (or at least most of them) have gotten, or will get, a free review from me. I get your book for free, I’ll give you a free, honest review in return. Even if you’re not my friend, if I have your book on my Kindle, I will eventually try to get around to giving you a review. Right now, besides beta reading for a friend, I’m also reading a book I got for free on the Amazon free list. I’ll do a review in return for the free book.
So what’s the right answer? Price them too low and make people think you don’t really like your work, or price them too high as if you’re a bestselling traditionally published author and have low sales? Even successful bestselling authors who are now Indie know that pricing yourself too high will lead to lower book sales.
How do you come up with the price of your books?