tag:blogger.com,1999:blog-8061555.post9053021514695346071..comments2023-09-25T07:37:23.448-05:00Comments on Idle Thoughts: Pricing My BooksHenry Meltonhttp://www.blogger.com/profile/11481916847684321643noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8061555.post-10986945517479318152010-02-03T16:12:34.679-06:002010-02-03T16:12:34.679-06:00I'm going to have to look very closely at the ...I'm going to have to look very closely at the Amazon terms before I make any change, and since it's still months away before anything happens, I haven't taken that step.Henry Meltonhttps://www.blogger.com/profile/11481916847684321643noreply@blogger.comtag:blogger.com,1999:blog-8061555.post-73695675548054538182010-02-03T15:24:31.985-06:002010-02-03T15:24:31.985-06:00Been a while since I looked back at this blog post...Been a while since I looked back at this blog post.<br /><br />I was curious to know whether the new Amazon price policies for self-published books are going to make any difference in the way you price your Kindle editions. Since you're going to get 70% of the sale price (assuming the rest of their terms are acceptable), are you planning to make any changes to it?Chris Meadowshttps://www.blogger.com/profile/04298615284856498608noreply@blogger.comtag:blogger.com,1999:blog-8061555.post-47155269835796003182009-04-18T16:00:00.000-05:002009-04-18T16:00:00.000-05:00An interesting article. It shows how if you do not...An interesting article. It shows how if you do not know something, just give it a shot and see what happens. Learn by doing.Chrishttps://www.blogger.com/profile/14543274387679210681noreply@blogger.comtag:blogger.com,1999:blog-8061555.post-86022537382295192832009-04-07T23:17:00.000-05:002009-04-07T23:17:00.000-05:00I completely understand why you took the approach ...I completely understand why you took the approach that you did. And for your project, it's probably a good one. I suspect that you may already know the following, but just in case your readers don't, let me say:<BR/><BR/>There are other pricing models out there. I understand that you're doing "first fiction" or fiction by authors without a following. That's a really tough sell, and the lowest common price is probably a good idea. (Don't price any lower than the common run of fiction in your format -- hb, tpb, mpb or ebook -- or your audience will probably decide that there's something wrong with the book.)<BR/><BR/>If you had non-fiction, or at least a following already, I would suggest that you do the full-dress analysis. It takes about 2-3 hours, but it's usually well worth the time. You do a sales estimate on comparable titles (see the blog on my site, www.GropenAssoc.com, for some techniques to help with that), then fit the sales vs price data to a line, estimate your book's sales at a given price, estimate your costs at several points around that price, the change in sales with a change in price, and then, last, but not least, which price will yield the best profit.<BR/><BR/>It sounds much harder than it is. Truly. <BR/><BR/>If you get the price wrong by just a dollar and only on half of your titles, and if you sell a minimal 2,000 copies per title, you're losing $2,000 for every other title. That means that the 4 to 6 hours of work (for those two titles) would have netted that $2,000 in profit to your company. And that's a pretty hefty hourly wage. <BR/><BR/>I wish you all good luck, and hope that my brief suggestion offers some help for your future pricing decisions.Marion Gropenhttps://www.blogger.com/profile/05469212301023650460noreply@blogger.com