Showing posts with label low price. Show all posts
Showing posts with label low price. Show all posts

Sunday, February 5, 2012

Low Pricing: Does it Work?

Does pricing your book at a very low price work? The small independent press who publishes my romance novels, New Concepts Publishing, is doing its best to help author sell their books.  A few months ago, they informed me they would be reducing one of my earlier fantasy romances to the low price of $1.99 in an attempt to stimulate more sales and hopefully some new readers for my other books. Sometime this week I should get my statement for the last quarter of 2011 and be able to see if there was a bump in my sales for that book and if it translated to more sales for the rest of them.  Of course, I might not see it until the next statement since it takes a while to get sales numbers back from third party ebook retailers.

Maybe then I'll have an answer to the question I started this blog with instead of guessing, hoping and repeating what I've read elsewhere.  There are many authors who have posted on other blogs of the thousands of dollars they've made by self-publishing and pricing their books at prices well below those decided upon by the big NY literary companies.  I know there are numerous examples of those hard-working and well-deserving writers, but I'm also sure there are thousands more authors trying to follow their lead and still only making pennies.  How can I join the elite ranks of those bringing home a real pay check from their books?

It's not a secret or magic.  Word of mouth, or word by blog, or by reviews, is still the best way to let people know about and want your book.  But readers won't spread the word unless they like your book.  So the secret, the magic, is writing a good book.  A great book with memorable characters and an intriguing plot.  Then make it available for a reasonable price.
Available for $1.99

New Concepts set my book, One Good Woman, at $1.99.  OGW is the fourth book in The Chronicles of Solonia, a fantasy romance series.  This fourth book is the shortest of the series with only about 80,000 words so it makes sense to price it lower than the others.  Of course, I think it's a good book and it received excellent reviews.  It will make you laugh, cry and cheer for the young couple who rise above their damaged pasts and find the courage to face the future.

One Good Woman, written under my pen name, Susan Kelley, is available for Kindle and all other ebook retailers. 

Do you wonder how the price wars will turn out? Have you tried offering one of your books for free for a period of time? Did it work out? Have you ever found an author you liked by sampling some of their free work?