What I'm testing, and seeing, is that
lower priced books in certain categories like the one I mentioned do not sell as well as higher priced books.
The beauty of this is price elasticity increases total revenue
for lower priced books, and promotion further adds to the effect.
The SelfPublisherBibel.de reports weekly on the books in the Amazon charts, and like 2011/2012 in the US, indies are storming the charts
with lower priced books.
This means that indie authors can reach more readers AND earn more money
selling lower priced books at higher unit volumes all the while earning more per book sold than traditionally published authors at higher prices.
Readers benefit
from lower priced books as there are less overheads and are drawn to how much more «real» and genuine the books are.
I do think that shorter,
lower priced books do have a better chance at getting a good return for being in KU.
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Since the readers on the Bargainbooksy are used to purchasing books, as opposed to getting them for free, promotions
of low priced books with Bargainbooksy will usually show solid conversions.
(Yes, technically I * can * pre-order Shaman rises, but I have a book - budget problem (in that it's never big enough), so I like to «try» a new author with
a lower priced book.
It's
the lower priced books that I've been avoiding.
The trade - off between making less on
lower priced books but possibly increasing visibility due to more sales
However, recent evidence is suggesting that
lower priced books «perform» better in the Kindle charts.
If it shows the most units sold, it will also show
a lower priced book.
Amazon says it's just trying to deliver
the lowest priced books possible to benefit consumers.
If the best seller list is to show the most profitable books, it might still be
a lower priced book.
They are currently fixing it and
lower priced books should be available soon.
Option 2 is a virtual bookstore that's in your eReader, open 24/7, has
lower priced books, and has more range.
The publishing house that brought you «Fifty Shades of Grey» announces better quality and
lower priced books for loyal customers
Going after
these low priced books allows me to impulse buy a lot more fiction than I did in the past.
The only good side to his plan, should the major publishers put it into effect, is that it would create yet another spike of sales for indie and small press e-books because economics would mean people would try
the lower priced books instead of paying double digits, perhaps high double digits, for a single legacy published e-book.
I didn't know about Pronoun so I'll be checking them out to see if I can get better royalties for
my lower priced books on Amazon, and it would be nice to make my books free when I wanted to instead of when Amazon wanted to.
You do not have to be
the lowest priced book in comparison to similar titles, but do a quick check to make sure your price isn't sticking out like a sore thumb.
Based on the quality of the lighting, screen, and
the low priced books available on the Kindle, the Paperwhite is my recommendation for the integrated light devices.