Self-Publishing: Pricing Your E-Books

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Price. Money. Mulah. Paper. Dollar Bills. Dough. You get the point.

The financial aspect of Indie Publishing is not something I speak much about or that I hear much about in the blogging world. Maybe its because money has always been that personal thing that belonged to just us. In many ways, this is true. How much is in your bank account is not something you sound a trumpet about nor should it be. Not only that, but there’s a lot of things I’ll never tell you about my financial life. Even in relation to Book Publishing. Some things are just best kept on the low.

But, what I will share is some important tips for pricing your books. Specifically, your eBooks. Believe it or not your book price has a role to play in your books overall image. What do I mean by image? I mean that when someone comes along, or scrolls along, through Amazon’s list of reads and sets their mind on which one to pick, there are a few things that make up the books overall image in the mind of the reader. This is not something that we, as readers, are always consciously aware of, but it is something that we do on that subconscious level. We are looking at:

– Book Title

– Book Cover

– Book Description

– Book Price

Usually in that order, but this is not always the case. Remember that when I write posts like these they are based on my personal experience in this field because I think experience is just a good teacher. So, in my experience (you may have done your own research), usually readers tend to decide to purchase a book based on these elements and in this order but not always in this order. In the event a reader is not judging in this order it usually has something to do with the price. This is when book pricing takes on a greater role and rises from the bottom of the list to the top.

I believe that the relationship between marketing and buyer habits is connected. Meaning that by paying attention to how people buy books, this can give me some insight on how to better market or sell them. So as an avid reader, I pay attention to myself in how I go about purchasing a book and usually I’ve been known to bypass books based on price. If the book looks interesting but the price is extremely too high, I may skip it. Not that I won’t come back to it, but you don’t want to give me the room to come back. You want me to make a purchase out the gate, sorta speak. Books I skip based on price tend to look something like this:

– The Title is not very encouraging, but it will do

– The book cover is plain, but I can work with it

– The price is too high

In this list I’ve ignored the other mediocrities and made up my mind to give the book a try. However, I looked and saw that it was $6.99. For the most part, these are instances where I just can’t. These are also instances where price can be the first determining factor in eBook sales even against the title, description, and cover. Sometimes all of these can be on point but the price is still too high. Now, prices of books can also be too low! But we’ll cross that bridge when we get there. For now, lets get some insight on how we should price our eBooks and what these prices should be based on. Now, I’m going to let someone a bit more experienced discuss this part. This excerpt is from an article written by Laurence O’byran whose services I acquired not too long ago to assist with the launch of the final book in the Stella series. Laurence is the author of three traditionally published novels from Harper Collins and runs a book promotion service I’m sure you’re tired of seeing on Twitter ; ).

What Is The Best Price For An Ebook/Kindle book in 2016?

Free

Only if you have a closely linked series and book number one can be priced at free to get readers started on your series.

.99c

If you are a new author and you want make it easy for people to buy your book, and you want to increase your total earnings. This price can be used for a short period to get your book onto a best seller list and then you can move the price up. When deciding a price do not consider the effort put in to write and produce it, consider what total earnings you want. By pricing at .99c, and then increasing the price you can achieve higher earnings. I have seen this working.

.99c can be used during a launch period, for a relaunch with a new cover, or for when you add a new book to your series. How long you stay at .99c will depend on total sales and whether you are continuing any paid promotion periods. It will also depend on if you have a new title coming out in the near future and what level of buzz you already have for the title. If there’s a lot of media attention on the title your period at .99c may only be a day or two.

$2.99

This is the recommended price long term. It’s considered by many to be the sweet spot for long term Kindle book sales. This price may also be appropriate if the first book in the series is $.99c. Your earnings should go up when you reach this price point. The period at .99c is used to gain you exposure, build that vital word of mouth and get you as high up the rankings as possible, with as many reviews on Amazon as possible.   

And that is pretty much the extent of the primary cost brackets that are good for eBooks. Yes, just these main three. Anything else is going to be too expensive if its not a popular read by a well-known author or the other components (book description, title, cover) are not up to par. And even then anything over 2.99 is too much. I’m speaking from personal experience. I realized too late that the first book in my Stella Trilogy was too high and because I published through Lulu at the time, I have to re-submit  blah blah blah to change it. So what happened is that the other two books did much better financially than the first. So, don’t be like me. Although $3.99 is not extremely too high, it is something I need to change, even possibly marking Book One in my series down to $.99 or even $1.99. Paperback books is a completely different subject matter and this is where you make your money at if you want to set high prices. Paperbacks are supposed to be more expensive because of the cost to print and so you can reap a nice profit from those print book sales. For eBooks however, though profit is to be made, it requires a little more strategy because of the competition. Like I said, marketing your book how you yourself buy books can come in handy, for instance:

When comparing your book to the pricing of others, consider that a big percentage of book sales are now going through sites such as BookBub, where free and .99c books are the norm. If a reader can buy a known top name author’s ebook for .99c or your ebook at $4.99 or more, what do you think they will do? – L. O’Bryan

What would you do? Exactly.

A Good Review on Basics: Avoiding Writing Scams

Must Read Information For Self-Publishers On Promo. / Marketing Scams / Request For Manuscript Submissions From Scammers

vanderso's avatarJust Can't Help Writing

This piece from Just Publishing AdviceBlue computer distills some important basic considerations to attend to for those of us trying to learn the book-publishing and marketing process. I get “requests” to submit manuscripts quite often and have usually wondered who it is that’s so desperate to see my work when traditional agents turn down hundreds of submissions each week. This article helps to put the situation in perspective.

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SICKER by Christa: Released Today!

Please help me to congratulate my friend Christa Wojo on the release of Part Two of her Psychological Suspense Series. SICKER is now available on Amazon Kindle. Review coming soon.

51OT0Njc6ML._SX311_BO1,204,203,200_About SICKER:

“How did John Branch get so sick? Part II of the gruesome psychological suspense series continues from the mind of John Branch.

John Branch’s sickness has dominated the lives of all those around him, consuming all it can from well-intentioned doctors, compassionate strangers, and trusting loved ones. His chronic illness also bonds him intimately to his wife Susan, trapping them in relationship of unhealthy psychological attachment.

But John’s disease isn’t the only blight in the Branch family.

Injured and loaded with Demerol, John Branch tells his life story from his filthy sickbed. He confesses the horrific secrets of the past. Most disturbing of all, he reveals the philosophy he’s constructed around his condition and tries to indoctrinate Susan. Will she stay with him now that she finally nows the truth, or will she put and end to the madness.”

Analysis of a Book Reviewer

Very well said. Colleen shares with us her Book Review thoughts.

Colleen Chesebro's avatarLit World Interviews

Did you ever wonder what it was like to write about other people’s writing? That is the job of a book reviewer. I always wanted to be a freelance writer, and for me reviewing books is a perfect example of what a freelance writer does. I write book reviews as a public service to readers and authors alike, sharing my opinions of what I read.

Book reviewers are a valuable asset to all writers. I believe all serious writers should write reviews on other author’s books. The lessons learned are invaluable and will benefit your own writing. This process works for me. I see a marked improvement in my own writing skills since I began reading and sharing other writer’s work.

I follow a format designed to bring out the best aspects of any author’s work. The idea is to express my thoughts about a book in as honest a…

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Yecheilyah’s Book Reviews – The Mistreatment of Zora Langston by Lisa W. Tetting

Title: The Mistreatment of Zora Langston (Paperback)
Author: Lisa W. Tetting
Website: https://rebirthoflisa.wordpress.com/
ISBN 13: 9780996142908
Published: March 15, 2015
Publisher: Lisa W. Tetting
Pages: 158 pages
Genre: Coming of Age, Young Adult, Drama, Fiction

The Mistreatment of Zora Langston is a coming-of-age novel surrounding the abuse experienced by nine-year-old Zora Langston. 

Set in Goldsboro, North Carolina, there is so much to relate to and learn in this powerful testimony of abuse, betrayal, and the ability to still love and be loved through it. Ironically, the cause of her father’s death becomes the epitome of tragedy for Zora in more ways than one. His enemies become hers, and when it seems things are getting better everywhere she turns, they only worsen. 

Zora is not given a chance to mourn her father before her mother’s boyfriend moves in. Instead of her shining example of womanhood, her mother despises her existence. Her sister burns with intense jealousy, and her brother’s nonchalant attitude further illuminates Zora’s invisibility. 

As a result of continual physical and emotional abuse, Zora is sent to live with her Aunt Terri and Uncle Jim and, for the first time, gets to experience what it means to be happy and to have a family. I was excited to see her get excited at those little things that children love.

What makes this a moving piece is that it is told from the eyes of a nine-year-old. I did not expect Zora to endure what she did, and the abuse she encountered was shocking. Children tend to be very open and honest even amid grown-up experiences, and Zora is no different. She approaches the situations of her youth with the same level of naïveté as most children. Yet, while Zora’s perspective is rightly childlike, the tragedies she endured strengthen her. Thus, her reaction to the situations surrounding her is in many ways also mature, surprising the adults around her, who are often taken aback.

What I found especially educational is how the author incorporated the life lessons of Zora’s dad and the parenting of her Aunt and Uncle into the tragedies of her life and how those lessons were used to strengthen Zora in the moments she needed them most. Despite her hardships, Zora could still hold on to a level of innocence deserving of a nine-year-old. “I usually wore a swim cap…but that made me look like an alien” (Tetting, 102) is just one of the many sayings of little Miss Zora that made me laugh out loud. I could have sworn I thought the same thing at her age!

The Mistreatment of Zora Langston is a book of shocking revelations and raw emotion. As adults, we have much to learn from children like Zora. It is not just a book about her; we also get to see how adults view situations. 

Debut Author Lisa Tetting proved beyond a shadow of a doubt that “it’s not the love that hurts; its the denial of love.”

Ratings:
Plot Movement / Strength: 4/5
Entertainment Factor: 4/5
Characterization: 5/5
Authenticity / Believable: 5/5
Thought Provoking: 4/5
Recommendation: 4/5
Overall Rating: 4/5

The Mistreatment of Zora Langston is available now on Amazon!

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Bad Reviews

Linda G. Hill over at Life In Progress opened an important discussion on Bad Book Reviews and since I happen to be patiently waiting for feedback myself, I thought I’d share my thoughts.

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First, let me just say that Linda’s dilemma is a very difficult position to be in and as such I think she handled it well. I’m going to try and respond from both perspectives since I too review books and I am also an Indie Author.

The Author

As an author, though there are tons of authors asking for reviews, this is a decision I take very seriously and I think others should too. When I ask people to “read my book free in exchange for an honest review” to me this means I am asking for their honest opinion. An opinion I think is much more valuable than the money they would otherwise pay to just read the book on their own time. When I ask for an “honest review” it means I want them to be respectful about it, but I also want them to be real. That said, I include in my correspondence emails that if the review is negative, for the reviewer to email me their criticisms personally. This is so I have the opportunity to see where I falter before the world does. If my book is that horrible, I want the chance to correct myself. This, I feel, is only natural. Even when you have an issue with someone in everyday life, you have a responsibility to alert that person first before anyone else. You don’t tell Sally, Laura, and John and you do not inadvertently third person Facebook, Twitter, or blog post them. No, you tell them. People aren’t stupid. They will know if your post is about them. So that is why I’d want the opportunity to know where I falter before being put on front street. Now, let’s flip the script.

The Reviewer

From a personal perspective, I do not care to write reviews on books I would rate at below a 3 (for Indie Authors) because I know how important of a consideration people take Book Reviews when deciding to purchase the book. I also know how damaging low ratings can be specifically for Indie Authors.  I prefer instead to message the author privately.

As a reviewer, I email my below 3 thoughts to the author personally (just as I’d want done to me) and I give them the opportunity to decide if they want me to continue on with the review and to publish it. Since I am providing an honest review, I refuse to rate and or post a good review for a not so good book. For this reason, I think personal outreach is the best option. Not only is it professional and respectful, but it is also what I would want someone to do for me.

How Bad is a Bad Review?

It really depends on how bad the review is and the buying habits of the reader. Not everyone will buy a book based on its reviews. I am a prime example of this. I paid no attention to reviews before I became an author. Prior to this, I read the descriptions of books and decided for myself if it was for me. You can say that I’m old school. If the book was bad it was just money burned but it wasn’t a grand deal. I suppose back then every book was a gamble: win some, lose some.

Today, I pay more attention to reviews (obviously) but I still do not always buy books this way. Meaning I am more likely to purchase a book from Amazon based on its description and preview (first few chapters) more so than the reviews. Why? Because in the end they are still others opinions and while everyone is entitled to their opinions my thought process may not be the same. Just because you disliked a book does not mean that I won’t love it. On the other hand, there’s Amazon.

Every good writer will get a low rating at some point, but too many low ratings and reviews can damage an Authors overall Amazon rating. While I do think Indie Authors need thick skin in this industry, as a reviewer I would consider the stigmas already imposed on Self-Publishing, my own thoughts as an Indie, and how ratings influence an authors account. As a result, I publish nothing lower than what I see as average, like a C which is a 3. Before, I wouldn’t even publish three’s but have recently decided to do so.

So How Important is a Book Review?

Book reviews are essential to Self-Publishing, specifically, because its the conversation about the book and the discussion it fosters that makes the review of such value. Traditional Publishing already has a head start. It is backed by big publishing houses with large teams. Indie Authors on the other hand have to garner attention and discussion about the book on his or her own–which can be done in many ways– but is largely done by way of the book review. Good or Bad. For me personally, there is a greater purpose the book review serves. While book reviews can increase sales, they can also be used in other ways.

Good book reviews for instance can be printed on promotional items or used to spark important conversations. Bad reviews on the other hand can help the author to grow in the areas where his  writing is weak. Who else is going to inform a Self-Published author (who has no large team of professionals) that they should tighten up than the compassionate book reviewer?

Final Thought

Bad reviews suck but as an Indie Author  I prepare myself for them because I am, after all, asking people for their honest opinion. While I am not so naive to think all negative feedback is warranted (some people are just not going to be interested in the story), criticism is part of growth and even best selling Traditional Authors whose work we know is top quality, even they receive negative feedback sometimes.

If you’re really serious about your writing, you will expect the good and the bad. Think of it this way: For most successful Traditionally Published authors, there is not the privilege of someone successfully reaching out to them personally and getting anything but their agent or whoever else checks their emails. For this reason, these authors get bad review publicity all the time. Sistah Souljah’s “A Deeper Love Inside” (sequel to “The Coldest Winter Ever”) has so many bad reviews I would just cry. The moral of the story is: don’t expect everyone to love you. No author has this privilege. Understand also that while valuable, book reviews is just one way people decide to buy books so one bad review doesn’t necessarily mean your career is over.

As reviewers, I think its important to highlight where we think the author has done well and then give constructive feedback to the author on that personal level and let them decide if they want it made public (just in case they want to take your advice and change something). Speaking of advice, I also think its important for reviewers to give feedback that will benefit the author. Don’t just say the book is bad (different ways to say this) but be sure to tell the author why. Be thorough in your analysis of someone’s work so that they can follow through and improve.

“The thing about a book (even yours) is that not everyone will love it. If you don’t believe me, look up your all-time favorite book on Goodreads or Amazon and check out the 1-star reviews. Those people hated the book you love.

When you get your first bad review, you will want to defend yourself and your work. Don’t. And don’t let Aunt Freda defend you, either. This will be hard, because it will seem like some of the reviewers either didn’t read—or skimmed—your book.

Remember why you write. Is it for praise? No, it’s because you love telling stories. So, tell them. If praise comes as a result, smile and strut around for a while. If not, consider whether there’s anything valuable in the critical reviews and then get back to your work-in-progress.”

– Julie Doherty