|Allen, 1967 Viet Nam|
I presented Allen with a proof copy of his Viet Nam era novel, Reaching. And, yes, he WAS surprised. So, now I'll go ahead with self-publishing and hope to find readers for his truly fine coming-of-age novel written almost 50 years ago. Don't quite know where I'll find readers, but one step at a time.
Re pricing lessons: This week, I listed Years of Stone on Amazon's Countdown Discount deal through tomorrow, and the response has been gratifying! Yay, readers!
I've been reading that the 'sweet spot' for self-published novels by unknowns is somewhere between $1.99 and $3.99. To qualify for Amazon's 70% royalty, the price must be set at $2.99. Books under $2.99 garner a whopping 35% royalty. But 70% of nothing equals what? Nothing!
Drag out the calculator. 35% of $1.99 = $0.70, but 70% of $2.99 = $2.09. So, if I look only at returns, I'd have to sell 3 books to make $2.10.
Once the second book in a series comes out, some book gurus suggest pricing the first book in a series lower, to entice those readers into giving that unknown author a read. So I'm rethinking what my prices should be one the countdown deal is over.
I'm such a penny-pincher that I really struggle when I pay more than about $1.99 for any e-book. I know, I know, that's less than a cup of designer coffee. Luckily used book stores, libraries, and interlibrary loan feed my book addiction. But what does this mean for pricing my books?
Personally, I'm taken aback by those big names that charge $6 and more for an e-book. But I did follow the $4.99 threshold for my books (typically, they take about three years to research and write). But now I am wondering what is the 'best' price for my e-books. Is the question really about money or about attracting readers? What do YOU think?
ROW Sunday check-in:
Writing: Wrote 2,285 on Book 3 this week. Posted a bit about Allen's book, Reaching, on my writing blog. Goal next week: Another 2,000 words, please.
- That GoodReads giveaway for Years of Stone is rocketing along with 257 folks entering so far (this closes at midnight tonight).
- Finally got caught up with NOVELS-L critiques on The Internet Writing Workshop (my goal this month is at least 1 crit a week). Received 10 thoughtful crits on my Chapter 1 from WIP: Rivers of Stone. Wow!
- Doing fine with reading ROW80 bloggers. Posted Weds WIPpet here on my ROW80 blog. This has been hard to do in the past, but so far 3x in a row! The feedback from ROW80 and WIPpet readers is so encouraging.
- Happily, a local book group wants me back! I took the plunge: A local indie bookstore now has Years of Stone on its shelves.
As my mother would say, "Ooofta!" (Swedish background.) I didn't mean to write on so long. So I'll close by saying I hope your writing and reading are going well, that it's not too hot, and IF you like, leave a comment about e-book pricing. Please!
Have a great week. Take a moment to read what other ROW80 writers are doing HERE.
For a look back, here's The Rolling Stones and "Ruby Tuesday". For some, those were the days . . .