The Perils of Pricing a Self-Published Book: Pricing Tips for Maximum Profits

Have you dreamed about writing a um curso em milagres? Getting your book into the marketplace has just become easier than it ever has been in the history of writing. For the first time ever, you can pen your prose and publish to the world at large in about as much time as it takes to bake a cake (Okay, maybe a little longer).

Gone are the days of traditional publishing: writing your book proposal, shopping for an agent, pushing your manuscript to 47 publishing houses, signing away your copyright (and the bulk of your revenue), hiring a publicist, and running the grueling circuit of a PR tour – all for the glory of being a “published author.”

Let’s say you are indeed an author. You’ve just finished writing your book. It took you a year to finally get your best ideas into manuscript form, scribbling into the wee hours while your friends are out doing… well, whatever normal people do on a Saturday night.

Finally the last comma is in place, and your weekly writers group has given your book the coveted Seal of Peer Approval. In fact your work is so polished, you’re bored with it. But you’re excited to get it in front of millions of readers, who of course will become millions of raving fans just as soon as you can figure out how to actually get your book out there.

What’s the first thing you do? Well, if you’re like most first-time authors, you give your book a title, grab some swell stock imagery, throw a dart at a price-tag, and upload your book to Kindle Direct Publishing.
And then you wait. And wait. And wait some more, wondering why your royalty statement is producing big goose eggs. So when will your sales reports hatch into real, hard numbers?

It’s only during the fourth week after you pushed the GO button that you realize your book’s title has a typo in it, or you’ve misplaced a period in the “Ph.D.” after your name (these are real stories from real self-published authors). You also start to wonder if pricing your book at $99 dollars instead of 99 cents was a good idea. Many people read popular Self Publishing guides and then start to wonder what went wrong after they hit the big green “Publish” button.

Do you know the perfect pricing formula for a book? How do you find the perfect price point for your book? How is the physical book pricing related to eBook pricing?

Most authors are in love with their work and want to price it confidently. They grab a number from one of their favorite books and throw it at the wall to see if it sticks. Such an approach makes for a tangled mess. It’s not long before we’re back to wondering why we keep seeing zeros on the sales report.

The odds are high that you’re an incredible writer, but not a publishing expert. Did you know that it takes a team of 30 people to get a book onto the shelves of a bookstore? How are you supposed to know what your book should cost? Here are some practical tips to consider when determining your book pricing.

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