Lynne
Level 1
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Yes I know, I’ve already priced my ebook and sold 6 copies on ListingDock but I am starting to second guess my price.
I did discuss the price with a few online marketers that I really respect but now I am starting to think that I got it all wrong.
The thing is that my number one goal for my addiction niche, that I wrote this ebook for, is NOT actually to make money. My number one goal is to try and save lives.
Yes if I can make some money at the same time then that is of course quite nice.
If I drop my price I will probably make more sales. I would much rather sell 3 ebooks at $5 each than sell 1 ebook at $15. This means that more people are reading my story and perhaps more people will understand addiction better.
If I can sell three times the amount of ebooks it means I have a better chance of reaching my most important goal.
The next reason I am second guessing my ebook price is that I am wanting to list it on other marketplaces and to do this I need to drop my price to be in line with the pricing on those websites. I have added my ebook to Smashwords and they only allow pricing from $0.99 to $9.99 per ebook and all the ebooks for the higher values are much longer ebooks.
If I price my ebook there at $9.99 I believe I will be out of the game, so instead I priced it at $3.99 so it fits in with their pricing.
Now if someone buys the ebook there and then sees it listed at ListingDock for $15 I am sure they will be peeved.
Then I wonder what will happen if I drop the price on ListingDock and the people that have already bought it for $15 see it listed for less than a third of the price?
Maybe I worry too much about these things?
Do you have any suggestions on how to price my ebook?
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Yes that is what I believe too, it won't be right to have such a huge price difference for the same book all over the web :(
I've put it on sale here on all Ionicware sites for 2 weeks and made the price the same on Smashwords for now so I will see what happens :)
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*Review Copies includes everything.
Please leave your honest review after purchasing the review copy.
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idealmike
So really, you have to price your eBook according to the value you put on it, the time and work you spent working on, the amount of content that's within it (based on what you'd might usually charge for that much content) and based on the value, you believe, it could have in someone else's life that was to buy it and read it and put the information inside it into practice in their own life.
As a rule of thumb guide, if it's just a fairly short eBook of around 5-10 pages. And you didn't spend more than a week working on it. Then you could expect to sell that from $5-25 and those types of eBooks usually do sell for that much. But for eBooks that have many more pages, from 50-100+ and you spent a long time working on it. Then you could price that at around $50+ or more. Depending on how much you value the information inside it and your time, blood, sweat and tears that went into actually writing and creating it.
Really this kind of thing is a hit and miss and takes some practice to get that right price and just a matter of experimenting. Use the above as a general sort of guide of valuing up a price. Start high though at first and then drop the price later or offer a discount if they've already purchased one of your other eBooks before..
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