Wednesday, March 23, 2011

Small Press Month - Tip # 23

March 23 - Price your Kindle book competitively and carefully, so you can make a decent profit. I see a lot of Kindle books priced above $9.99; but guess what, your sales are probably affected more adversely in the Kindle world than in any other distribution channel by price. When your book is priced between $2.99 and $9.99, your percentage royalty is 70%. Pretty much outside of that, you make 35%.  

Basic math, you price your book at $9.95, you make $6.97. 
You price your book at $19.95, you make $6.99. 

There are some other caveats on which you must educate yourself, but for nearly all books, this pricing is true. As always, do your research to make sure the size of your book fits the specs, and your distribution plan is in line with their requirements.

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