How do you Price Your Ebook in 2022 [Free Ebook Pricing Calculator]
Updated: 13th October 2022.
Although determining the best price for your book isn't an easy task, it's not impossible either. There are a myriad of issues that could assist you in your price approach. Pricing your book can be boiled into a couple of basic methods.
If you decide to host the book on your personal website (earn additional income) or perhaps on Amazon in the form of KDP Select as a Kindle ebook will play an important role in the cost of your listing. If you're just beginning to learn about self-publishing, don't be concerned. We'll give you an eBook price calculator for free in this article to assist to price your ebook for the highest royalty rate.
In this article we'll discuss how to the cost of your book for 2022.
10 Questions to answer prior to pricing your Ebook
The best price to list for each ebook is based upon a number of variables, so taking a look at these 10 questions will help put you in the correct track.emaining within or over the 70 percentage royalty rate."
1. What's the goal you have set?
"My pricing strategy is based on two factors however, in general I view it from the lens of 'What's my objective?'" said USA Today the best-selling book author Elle Cross. "Do you want to increase my revenue or do I desire to expand my audience?"
Based on the goals you have in mind, then you'll in a position to set the price of your book in line with your goals. For instance, if your aim is to expand the number of people who read your book or to get them addicted to your story, it is best to set the price of your ebook to a lesser price such as $0.99 to encourage people to buy.
2. What is the price similar books are selling for?
See how comparable books are priced and then try to be as exact as possible.
First, consider genre. Research-based, high-quality nonfiction books typically are more expensive than the children's book genres like. Certain genreslike romance are more likely to become self-published which means that they're susceptible to lots of competition as well as a established price range.
"For self-published romances, you can expect an varying range between $2.99 up to $6.99," said romance author Sarah Bale. "I generally settle anywhere between $3.99 and $4.99, based on the length of the novel. Novellas are among my favorites. $2.99 as well as $0.99 for magnets that readers can receive (works which you can offer at nothing in exchange who sign up for your newsletter, such as)."
Don't focus on the genre by itself. Take into consideration the length of other books and their layout, as well as the type of writer. For instance, a complete novel typically costs more than a novella, a heavily illustrated book could be more expensive than one with just text, and an author with several titles under their belt could be more expensive as an author who is a novice.
Take into consideration how the novel was published, as well. A self-published novel isn't going be able to sell at the same price as one edited, edited and then promoted by Penguin Random House, for example.
"I take a look at the prices that other books cost to determine the starting point" wrote author Debbie Burns. " It is recommended to pay close attention to the numbers. What's the highest that you are able to go before higher cost isn't enough to compensate for the decrease in the amount of purchasers?"
Consider what you'd be willing to pay for the book. Then reply honestly.
Sell E-Books on the Internet
Join the more than 130,000 sellers who have started their own online businesses with the help of
3. Which is the best location to market your book?
Take a look at how the books of other authors work on the system you're using.
It is important to look into the subscription programs or plans which you can subscribe for, like Amazon's Unlimited Kindle Unlimited, as it will affect the cost of your ebook.
"I compose for romance subgenres which have been successful because they are part of KDP Select or Kindle Unlimited," Cross said. "Comparable novels in my niche typically run $3.99-4.99. A few cost $2.99 however, they are generally the first of a set. $2.99 is the cheapest price I can set the book's price but still within the range of 70% royalty."
4. How big is the audience you want to reach?
Take note of your reader as well as your personal reading habits.
If you're publishing an original thriller which is competing against several other self-published thrillers to reach a massive audience It is important to keep the price at a reasonable level. If the book was created specifically for specific readers such as an in-depth guide to launching a specific kind of firm -- there could be fewer readers that will be interested in it, but more people are likely to shell out an additional sum to get the information they're looking for.
Think about your own readership as well. Are you part of an email database with people that are eagerly awaiting your next book to market your book to? If you do, your eBook will likely sell for a more expensive price. But if you're a debut author and the only reader you can count on is your spouse or mother you should opt for a cheaper priceto bring in potential customers.
Do you have an author's website? Your platform is essentially your ability to sell your work solely based your identity or who you're capable of reaching.
Are you well-known within your field? Are there hundreds of followers on social media? If you're a Social Media website, then you've got an audience that you can advertise to. This means that you're able to price your book greater since the readers you have are more likely to spend money to purchase your ebook.
5. Are you looking for flexibility in pricing?
If you're looking to market the book you wrote or provide it as part of any promotions You should not set it up at a cost that's too low. For instance, if you put the price at $0.99 however, later offering it at 50% off does not increase the value. desirable.
One advantage of ebook pricing is the fact that it's susceptible to changes. You can easily experiment with and determine what price is most effectively for your needs. Think about setting a price which allows you to lower the cost of your book.
6. What is the percentage of royalties there?
The books available on Amazon have different royalty rates that are based on price. You can choose at least 35% on books priced between $2.99 and up to $9.99. But, those priced between $2.99 and $9.99 typically receive 70 percent of the royalties except if the book falls into an area of the public domain. If that happens, they'll receive 35percent of royalty.
However, if you find these percentages to be too high, you may sell your book to . If this happens, you'll just have to pay a 5 percent transaction cost for every book that is sold. You are however permitted to market additional digital products, such as online classes and cheat sheets, downloads, and much more, when you sell your ebook. This means that you can advertise more than your ebook, when selling the ebooks on platforms such as while earning more per sales.
7. What is your niche's size?
If you are determining prices for your ebooks that you want to launch consider how large the market you are in. As an example, if you, for instance, write romance and have read some of well-known KDP Select titles on the matter, you could believe that you could afford a less expensive cost of your publication to ensure an increase in total downloads.
If your book is about creating landing pages to promote SaaS companies, there's likely to be lower demand for this type of book, which is the reason you can sell your book at the higher end of the spectrum as it's difficult to find information on the subject. You might sell fewer copies but you'll earn greater per sale.
8. How many followers or email subscribers do you have?
It's important to factor in the cost of the book's promotion in your pricing. Certain authors advertise their book through book tours, advertising or through influencer marketing that can rapidly add up cost-wise. Consider trying free book promotion strategies.
It is also possible to establish a personal brand. The many followers you have or the more email subscribers you could send an email or post to about your new print publication or ebook more affordable expenses for book promotions will be, allowing you to make more money through royalty payments.
9. What is unique about the content?
The lower the Kindle book price is, generally it's more likely your book will be a basic one. If your aim is to market your book at the higher end it is crucial to give readers a genuine experience, innovative strategies, and resolve a problem which is in the middle. It is possible to make higher by making sure that the information in the book is distinctive from other books that have been published previously.
If you're considering marketing ebooks, you'll have to think about, "What is my unique worth?" If you're writing a unique story, then you must consider the various variations and twists you could use to keep the reader engaged. If you're a writer who is disseminating their experience and knowledge, you might consider giving personal tales of the way you have learned this particular ability that no other book talks about. Publishers love unique stories. It's good to know that everybody owns one. So share yours!
10. What's the package you're offering in your ebook?
If the price of your book between 2.99 up to 9.99 could seem too low You should think about adding an upsell to the book to boost sales that will be far greater than the price of the book. In the example above it is possible to include in your book might do calls-outs to cheat sheets, or templates , which you can offer through your site.
Once you've written your book, you may even recommend your own online course where you dive into topics deep. Remember that you'll need to create engaging content in order to ensure that your customers are enticed to buy your course, by employing additional methods.
Book Pricing Methods for Consideration
It's clear that there's plenty to consider in determining, "How much should I sell my ebook for?" Here are the top three options for authors of ebooks.
Free
In some cases, the ideal price to make for an ebook is zero dollars.
- You're building an audience.
- This is the very first book of an ongoing series that you could use to grab the interest of your readers.
- This giveaway is in exchange for reviews.
$0.99
A price that allows you to sell your book at less than a dollar is an affordable price that'll generate some revenue. This approach to pricing ebooks can be particularly effective when it comes to the following circumstances.
- The book is available for 99 cents for only a short period in order to place it on a bestseller list.
For What You Pay
The author can decide to set a minimum or an average cost, or they may let potential buyers make any payment they wish for the book and even get it no cost.
The thought of giving away all your work at a minimum for free may seem intimidating, but it could be profitable. Actually, the findings of an research study discovered that over 40% of consumers are willing to spend higher than the amount that is set by the seller.
What are people paying over to purchase ebooks with the pay-what-you'd like model? Based on the information the median cost of ebooks purchased using this method was $3.26 for the year of 2019, and $4.43 in 2020.
Ebook Pricing Calculator
A different method for pricing ebooks is to search for an online pricing calculator that will help you understand the different factors that determine an appropriate price. We've designed one that you can use below to help you determine the ideal cost for your ebook depending on the price you'd like to get along with other aspects.
The goal for income from the book is $
Estimated Cost of Ebook Production $
Your audience's size
Estimated Conversion Rate ( percent)
Suggested Ebook Pricing
$ 0.00
FAQ
Does the Strategy of Pricing Ebooks Change Value Perceived?
Publishers are extremely focused on determining the most effective price plan to sell your book. Publishers make a great deal of money from selling books for a fair price. Be aware that many publishers have committed staff at their publishers who are aware of all aspects that affect financials to set the correct cost, such as the genre they sell on, the platforms they sell on, their author's clout and many various other aspects.
If you are pricing your eBooks, consider all factors that can affect its value. In other words, the more extensive the book , the higher the value it is perceived to have. The majority of people buy books due to the cover or the name of the book. Hence, hiring a book design professional can boost the perceived value of the book more than designing yourself. If you have a large follower count or big following and authority, your credibility is likely to be viewed as having importance.
If the book's cost is $60 , its perceived value is far greater than the value of an $2.99 book. Additionally, it is important to think about the different elements that have the potential to have a positive impact on the perceived value of your book, and make a decision on the value of your book based on the value of your book.
Can You Change Your Ebook Pricing Method if It's Not Selling Effectively?
Pricing pages can be changed at any time. There is no need to establish a firm price for anything. If you find that your publications are sold at a premium price and aren't selling well It is possible to lower your prices in order to get more people interested. The price reduction could reduce the 70percent royalty to a lower 35 percent on Amazon this would result in the publication making less all-around.
Do Ebooks Include Delivery Charges?
Contrary print books, ebooks typically do not have shipping costs. Most of the time ebooks can be downloaded to devices like your Kindle device, or your email address, or your app account.
It is possible that, based upon the size of your book and the cost, you may have to pay costs on platforms like Amazon. Amazon charges $0.15 for every megabyte provided you set the price of your KDP ebook between $2.99 and $9.99.
For avoiding the cost of shipping costs, make use of a service like which charges a single fee per transaction, which typically is lower than Amazon's royalties costs.
Check out pricing for Ebooks
It's clear that there's not a single correct answer to the question "How much should I sell my ebook for?"
But what's great selling ebooks is the ability to easily change your price. It's the reason it's crucial to test your price for ebooks, and to test different pricing options to determine what is most effective for your needs.
When you're testing different prices and prices, keep your goals in mind. If you're trying to improve the earnings of your book, you'll need to determine how much you'll be able to sell your novel without experiencing an increase in book's sales. If you're trying to grow an audience, your number of sales isn't so significant as the subscriber list you're creating.
Related Articles
This post was first seen on here