How do I Price Your Ebook in 2022 (Free Pricing Calculator for Ebooks)

Last updated: 13 October 2022

The process of determining the price for your book isn't an easy job, but it's also not a daunting one, either. There are a myriad of questions that could help determine your ebook's pricing strategy. Pricing your book could be reduced to just some basic strategies.

If you choose to make your book available on your own personal site (earn extra income) or Amazon as KDP Choose as a Kindle ebook, this can play a part in your price list. If you're just beginning to learn about self-publishing, don't fret and we'll offer a free ebook pricing calculator at the conclusion of this post for you to price your book at the most cost-effective royalty rate.

In this blog we'll discuss how you can increase the sales of your book before 2022.

Ten Questions to Ask Before pricing your Ebook

The best price to list for your ebook is contingent upon a number of variables, so asking these questions in the beginning can help you get on the correct track.emaining within the 70 percent royalties."

1. What's your objective?

"My pricing system is built on two factors and, generally, I view it from the perspective of 'What's my aim?'" said USA Today bestselling author Elle Cross. "Do you intend to increase my income or do you want to expand my number of readers?"

If you consider the goals you have in mind, then you'll capable of pricing your ebook accordingly. In the case of, for instance, you want to increase the amount of readers you are able to attract or get intrigued by your tale, you'll need to set the price of your book with a price that is low, such as $0.99 to illustrate so that you can attract buyers to buy.

2. What is the price similar books are selling for?

Find out what comparable books are priced make sure you are as accurate as you possibly can.

First, consider genre. Nonfiction books that have been thoroughly researched typically are more expensive than children's novel similar to. Certain genres, such as romance, are most likely to self-publish which means there's plenty of competition and an established pricing range.

"For self-published romance novels they can cost anywhere from $2.99 to $6.99," said romance author Sarah Bale. "I typically go at the middle that is $3.99 to $4.99 according to the length of the novel. Novellas are my favorite. $2.99 as well as $0.99 in order to send magnets to customers (works are given away at nothing in exchange who sign up to your newsletter such as)."

However, don't just take a look at the genre by itself -- consider other books with similar lengths and layouts in addition to what type of writer is. For instance, a complete novel typically costs more than an e-book. Also, an excellent illustrated book might cost more than one that's only text. Also, an author who has numerous books in their portfolio might be more expensive than an author who is new.

Take a look at how the book was released, and also. The self-published book won't get sold at the same level contrasted with a novel that's edited, produced and then sold through Penguin Random House, for instance.

"I have a look at the book prices other titles that are available for sale have been priced to find an initial idea," said author Debbie Burns. " It's recommended to be attentive to the number. How far can you take it before the rise in costs doesn't compensate for the decline in quantity of buyers?"

Think about what amount you'd prefer to spend for this book. And then, you must answer truthfully.

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3. What is the best place to sell your ebook?

Take a look at how other authors have priced their books on the specific system you'll choose to use.

Be sure to research subscription or program are available to you such as Amazon's Amazon Unlimited. Unlimited, as it will affect the price of your ebook.

"I create for specific romance subgenres, which work good with memberships in KDP Select or Kindle Unlimited," Cross said. "Comparable works in my subgenre typically cost $3.99-4.99. There are a few books that cost $2.99 however, they typically are the first books of a set. $2.99 is the cheapest price point that I could put my book's price at while still staying in the 70-70 royalty bracket."

4. How big is your following?

Consider your reader in addition to your own readership.

If the book you're selling is an original thriller being compared to other books published by self-publishers for a large readership, it is best to keep your price at a low level. However, if your ebook is targeted at a niche readership, such as a how-to guide for launching a specific kind of company -- there may be fewer customers However, they'll prefer a higher price to get exactly what they want.

Take a look at your readership personally and also. Do you have an email database of avid customers who have been waiting for the book you've written? Do you know who you could market your book to? If you are, then your book is likely to fetch a more cost-effective price. If you're a new writer whose sole guaranteed audience is your spouse or mom you should consider a cheaper cost, to attract new readers.

Also, do your website have an author's web page? The platform you have is basically the capacity you have to promote your book simply by who you are or the people you can be connected to.

Are you widely known in your area? Are you a household name with thousands of followers following your social media accounts? If you have a platform, you have an audience that you can sell to. This means that you're able to price the book more as your fans are willing to purchase the book.

5. Do you need flexibility in pricing?

If you're planning to sell the book, or even offer the book as part of promotions, be sure not to set the price way too low. For instance setting the cost at $0.99 but then make the book for sale at 50% off, it will not raise the price. attractive.

One of the benefits of ebook pricing is it's an option to alter prices. It's simple to test and figure out what price will work best in your particular situation. Thus, it's worth making a list price higher that'll allow you to discount the cost of the book.

6. What is the royalty percentage?

The books available on Amazon differ in the percentage of royalty and depend on the price. You can choose a 35% royalty on the books costing between $2.99 and $9.99. But, those with prices between $2.99 and $9.99 typically get 70% of royalty, except if it's in the public domain. In that case they'll be paid 35% of the royalties.

However, if you find the rates too expensive, you could sell your ebook to . On , you'll only need to pay a 5 percentage transaction cost for each book that is sold. But, you'll also be able to offer additional digital items such as online classes as well as cheat sheets, downloads and other products when you sell your book. This means that you are able to promote greater than the book in the event that you are selling your ebooks on platforms, for instance with more profit per sale.

7. What's the size of your niche?

If you are determining the price of ebooks that you would like to launch, consider how big your niche is. If, for example, you are a romance author and have come across a number of well-known KDP Select books on this area, then it is possible that you are able to afford a less expensive cost for your ebook and get a boost in the number of downloads.

But, if you're writing guides on creating landing pages to SaaS companies, you'll find lower demand for this type of publication, which means you may want to put your ebook on the high end because it's difficult to locate content about this topic. You might sell fewer books, however you'll make more per sale.

8. What number of followers or email subscribers are you able to count?

Add the expense to promote your book within the pricing. Certain authors promote their work through book tours, advertising or through influencer marketing and can add up quickly cost-wise. Perhaps you'll want to explore some free strategies for book marketing.

You could also create your own personal branding. The more individuals you're in a position to create a concise blog or an email about the latest book you published in print or ebook, the lower costs of marketing your book will result in allowing you to make more revenue from royalty effectively.

9. What's special about the contents?

The more affordable the Kindle cost for books is, usually the higher chances that the topics are basic. If you're looking to position your book's price at the top end of the spectrum then you'll have to present lived experience, unique tactics that tackle a pressing issue. It is possible to earn more by ensuring that the content in your book is different from what people have read in the past.

If you're looking to promote ebooks, you'll need to ask yourself, "What is my unique selling point?" If you're telling an original story, you should think about the many variations you could share to keep readers interested. If you're an author who is sharing their expertise, think about sharing your personal stories about the way you acquired that specific skill which does not appear in other books. Publishers love unique stories. Everyone owns one. So share yours!

10. What are you bundling in the ebook?

If the cost of your book is between 2.99 or 9.99 may seem a little small, think about having an upsell included within your book in order to boost your sales overall, which can exceed your book's cost. As an example, in your ebook you might do calls-outs to cheat sheets, or templates you can sell on your site.

After you've completed the book, you can suggest the sale of an online class that will explores the concepts in greater detail. Keep in mind you'll want to create engaging content to make sure that clients are enticed to take your course by employing more strategies.

Strategies for Pricing Ebooks

There's plenty to consider when finding an answer to "How many dollars should I spend to make my book available for sale?" However, here are three suggestions which are the most popular with creators of ebooks.

Free

Certain situations are when the best price you can charge for your book is the price of $0.

• Your efforts help build a following.
• This is the initial book in an ongoing series that you could use to draw attention to your customers.
• Then you're giving it away to reviewers as a reward in exchange for their review.

$0.99

The price of selling your ebook for less than one dollar is a fair price, and it will still bring in some money. This strategy for pricing ebooks can be particularly efficient in these situations.

• The book is available at 99 cents during only a short period so that it can be placed book in the top bestseller lists.

Make a payment for what you want

The seller can set either an upper or lower price and allow potential buyers to pay whatever they'd like to buy the book, and even receive it for free.

Offering your labor possibly for free can be difficult, but it's also an extremely profitable business. The results of a survey found that more than 40% of buyers are willing to pay more than the minimum amount established by the seller.

Then what do readers pay over to purchase ebooks with price-pay-what-you'd-like? According to the data, the median price of ebooks that were sold through this technique was $3.26 in the year 2019, and $4.43 for 2020.

Ebook Pricing Calculator

Another method to price your ebook is to locate an online price calculator that can help you to identify all factors that determine the best price. We've developed a calculator that you can use below to figure out the best price for your ebook depending on the sum you're looking to sell and other factors.

The objective for earning income from the book $

Estimated Cost for Ebook Creation $

Your Audience Size

(%) The expected Conversion Ratio (%)

Suggested Ebook Pricing

$ 0.00

FAQ

Does the Pricing Strategy for Ebooks Change the perception of value?

The publishing industry is concerned in determining the ideal pricing method to market your book. Publishers earn lots of cash by selling books that are priced correctly. Keep in mind that often there are dedicated people at the publishers who consider all aspects of financials when setting the appropriate price. These include genre, the platform that it is published on, the author's influence, and so on.

If you are deciding to charge your ebooks, be aware of the various factors that affect its value. For example, the longer your book is, the more valuable it will be in perceived worth. Most people buy books because of the cover or the title that the author has written. So, having a cover designer will help increase the value perception rather than designing your own. If you've got an enormous number of followers or an extremely large popularity, then the authority of your brand can be viewed as having worth.

If you price your book at $600, the perception of its worth will be higher than a $2.99 book. Therefore, consider the various factors that could positively impact the perceived value. Determine the cost of your work in a manner that reflects that price.

Do You Have the Ability to Modify Your Ebook Pricing Strategy if it's No Longer Selling?

Pricing pages can be modified anytime. It is not necessary to set a cost for any item. If you find that your books have been priced at a premium price , but they're not selling, it might be a good idea to lower the price to attract new clients. A change in your pricing can bring your royalty rate of 70% to 35 percent on Amazon this would result in lower overall costs.
  Do Ebooks have delivery costs?

In contrast to print books ebooks are generally not bundled without delivery costs. The majority of ebooks can be downloaded automatically onto your Kindle device, email address, or to your app account.

However, depending on the size of the file in your book, as well as the price you set the book at the time, you may be charged fees on websites like Amazon. Amazon charges $0.15 per megabyte, as an example, in case you set the price of your KDP book anywhere from $2.99 to $9.99.

In order to avoid the expense of ebook shipping costs, avail a solution such as one that allows you to pay one cost for each transaction. This is usually less costly than Amazon's royalty charges.

Discover the potential of Ebooks Pricing

It's clear that there's no single correct answer to the query "How how much should I market my book for?"

The best thing about ebook sales is the possibility of easily changing price. It is important to test the pricing of your eBook and to test different prices to find the ideal price that meets your needs.

However, when you're playing around with the various pricing options keep your objectives to the fore. If you're hoping to improve the earnings of your book it's important to know what the highest price you could determine for your book without experiencing a dip in revenue. But if you're looking to increase the readership of an existing one, then the price isn't nearly as important as the subscriber list that you're building.

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