What is the best way to price Your Ebook in 2022 [Free Ebook Pricing Calculator]

The last update was 13th October, 2022

The decision of how much to price the ebook isn't an easy undertaking, but it's certainly not an impossible one, also. Numerous questions could help in determining your pricing strategy for ebooks and the cost of your ebook can be reduced down to some basic strategies.

You can host your ebook on your own site (earn an additional revenue) or perhaps through Amazon in the form of KDP Select as a Kindle ebook will alter your price list. If you're new to self-publishing your book, don't worry; we'll include a free eBook price calculator inside this post to help you set the price for your book to the lowest royalty cost.

In this post we'll discuss the best way to price your books in 2022.

10 Questions to Answer Before pricing your Ebook

The most appropriate list price for the individual ebook you write depends on a variety of factors. asking these questions in the beginning will help put you in the right track.emaining at 70% royalty rate."

1. What's your objective?

"My pricing strategy involves two components, however all in all I view it from the perspective of 'What's my goal? '" explained USA Today popular author Elle Cross. "Do you want to increase my earnings or do need to expand my audience?"

In line with your objective It is possible to set the cost of your eBook in line with your goal. If, for instance, you are looking to grow your readership or make people intrigued by your book, you'll have to make sure that you set the cost of your ebook at a low price, like, for instance, $0.99 so that you can get customers to buy.

2. What's the most comparable price titles are being sold for?

Look at the way comparable books are priced. be as precise as you are able to.

First, consider genre. Highly researched nonfiction books generally are more expensive than books that is geared towards children, such as. Particular categories, including romance, are more likely to become self-published that means plenty of competition, as well as an established price.

"For self-published romances, there can be a price range from $2.99 up to $6.99," said romance author Sarah Bale. "I generally settle between the two  between $3.99 up to $4.99 that is based upon the length of the novel. Novellas are my absolute favorite. $2.99 in addition to $0.99 to attract customers (works you provide for free in exchange for readers who sign up for your newsletter (for instance)."

However, don't just examine the genre by itself Consider different book with different lengths, styles as well as who the writer is. A full-length novel will typically have a higher price than a novella. A heavily illustrated book could cost more than one with simply text. In addition, authors who have many books to their name may have more expensive prices that a new writer.

Take a look at how the book is published and how it was launched. A self-published novel isn't going be able to sell at the same rate when compared to a book that's edited, made, and marketable through Penguin Random House, for example.

"I go through the price of other available books cost in order to figure out the cost," said author Debbie Burns. " If you're searching for a book, I suggest looking at the quantity. What is the maximum you're allowed to take before the increase in cost doesn't compensate for the drop in the number of customers?"

Then, consider what price you'd like to spend on a book and answer truthfully.

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3. How will you market your book?

Take a look at how other authors' books for the particular method that you're using.

Make sure you research which programs or subscriptions that you is available like Amazon's Amazon Kindle Unlimited in order to understand how this will affect your ebook price.

"I compose in particular romantic subgenres, which work very well having a membership in KDP Select/Kindle Unlimited," Cross stated. "Comparable works in my sub-genre are usually $3.99-4.99. Some titles cost $2.99 however, they are typically the first books of a set. $2.99 is the lowest cost that I could set for my book, but still staying within the 70percent royalty range."

4. What size is your following?

Think about your target reader as well as your personal readership.

If the book you're writing is one that's novel in nature, and is competing with many other self-published thrillers to attract large audiences You'll need to make sure you maintain a reasonable price. But, if the book is targeted at a niche readership -- like a an instructional guide for starting a specific type of business -- there may be fewer people who will read it and yet they'll have the willingness to pay a higher price to get precisely what they need.

Think about your own readership also. Do you have an email list of readers who are waiting with anticipation for your publication? Do you know who could be marketed to? If not, your book could be sold with a higher price. But, if you're debut author, and the only reader that you have is your mother or spouse you should opt for a less expensive price, so you can draw in new clients.

Are you also an author's network? Your platform is basically your capacity to promote your work based on your personal characteristics and who you can reach.

Are you well-known within your community? Do you have hundreds of users following you via social media? If you're on a social media website, you've already a market to sell to. This means you're able to price your book higher due to the fact that your followers are ready to shell out money for the book.

5. Do you need to find flexibility in your pricing?

If you're planning to sell your book for a price or perhaps make it available as part of discount offers, make sure to make the cost too low. As an example when you set your price at $0.99, later offering it at 50% off does not make the price much more desirable.

The appeal of ebook pricing is the fact that prices vary. It's simple to test for the price that is the most suitable for your situation. Consider setting a cost that allows you to lower the cost of your publication.

6. What is the percentage of royalty?

The titles available on Amazon vary in royalty percentages and are priced according to the amount. You can choose between 35% on books priced under $2.99 or over $9.99. Books priced between $2.99 to $9.99 generally get a 70% royalties in the event that the book is published in the public domain. If it is, then it's at risk of a 35% royalty.

However, if you find the percentages excessive, you can offer your book via . There's a 5 percentage transaction fee for every ebook being sold. It is possible to give additional digital goods such as online courses, cheat sheets, downloadables and other items when selling your ebook. Therefore, you'll be able to advertise more than your book, if you market them on a platform like and earn more for every purchase.

7. What is your niche's size?

As you determine the ebook prices you want to establish, take into consideration the market size. For instance, if you write romance novels and have read many popular KDP Select books in these topics, then it is possible that you will be content paying a lesser price for ebooks in order to guarantee more downloads.

When you write ebooks on designing landing pages to promote SaaS firms, there's probably lower demand for that type of book, and it's possible to price your ebook on the higher end since it's hard to find information on the subject. It's possible that you'll sell less copies, yet you'll be earning more for each purchase.

8. What number of followers or number of email subscribers do your have?

It is important to consider the cost of advertising to promote your book within your cost. Authors who promote their work through Book Tours, Marketing or influencer marketing which quickly increase when it comes to costs. There is a way to try some of the strategies that are free for marketing your book.

It is also possible to establish an online presence for yourself. If you have more subscribers to your email list, the more you send a quick post or an email about the publication or ebook you are launching, the lower costs for book marketing are. This will allow you to generate more revenue from royalties profitably.

9. What's special about the material?

The less expensive the Kindle book price is usually, the likely that the subject is straightforward. If you want to make your book sell at high end of the spectrum you must provide an actual experience, innovative approaches, and deal with an urgent issue. The book can be more profitable by ensuring that the information of your book is distinct from any other which has been previously read by readers.

If you're thinking of selling ebooks, then you'll need to ask yourself, "What is my unique worth?" If you're telling a fresh story, you should consider the many unexpected twists and turns you'll be able to tell in order to keep the reader on edge. If you're an author who shares their experience and knowledge, be able to share personal tales of your experiences that you've gained from that no other book has talked about. Publishers love unique stories. Everyone owns one. Thus, it is important to share it!

10. What is the content you are bundling into the ebook?

While pricing your ebook between 2.99 to 9.99 might feel a bit excessive, consider incorporating an upsell included within your ebook to boost the total amount of sales, which is more than the ebook price. In the example above you can include in your ebook it could include calls-outs to cheat sheets, or templates that you can sell on your website.

When you've finished the book, you can offer your own online course that explores concepts in more detail. Remember that you'll need to provide compelling content in order to ensure that students are enticed to buy the course online using additional strategies.

Book Pricing Methods to Consider

It's obvious that there's plenty to consider when coming up with an answer tothe question "How do I put the ebook accessible for purchase?" However, here are three suggestions which are highly sought-after by authors of ebooks.

Free

In some cases, the ideal price an ebook is to make it cost nothing.

• Your efforts have helped build an audience.
• The first novel in a series that you'll use to entice your readers.
• The prize is the reward for reading.

$0.99

Pricing your ebook at under $1 is a fair price that'll still bring in some revenue. This method of ebook pricing can be most successful when it is applied to the following situations.

• It's being made available at 99 cents. That's a short period to help make the book appear in the list of bestsellers.

Pay for What You Want

The author can decide on a minimum or an average cost, or they can let potential customers buy whatever they wish to purchase the book. This includes getting the book for free.

Giving the entirety of your work away in a minimum amount for free may seem difficult, but it could be profitable. Actually it is, in fact, a study discovered that over 43% of purchasers will pay higher than the cost set by the vendor.

What is the price people are paying to buy ebooks using pay-what-you-want pricing? The average cost of ebooks sold using this technique was $3.26 in 2019 and $4.43 for 2020.

Ebook Pricing Calculator

A different method for pricing ebooks is to find an ebook price calculator to help determine the many factors that determine the appropriate price. Fortunately, we've created one which you can use below to figure out the most appropriate cost for your ebook based on the number you'd like to earn in addition to other factors.

Book Income Goal: $

Cost Estimated for the Production of an E-Book $

The size of your audience

Estimated Conversion Rate ( percent)

Suggested Ebook Pricing

$ 0.00

FAQ

Does the Pricing Strategy to sell Ebooks alter the value perception?

The publishing business is concerned in determining the right price plan for your book. Publishers earn a lot of cash from books that are appropriately priced. Be aware that they often have skilled employees at their publishing houses who are aware of the economic factors to determine a fair price. This is based on factors such as the genre, the platform that it is offered on, the author's influence and more.

If you are pricing your eBooks, you should consider all factors that might affect the value of your book. As an example, the bigger your eBook is, the more valuable it can be perceived as. Most people buy books based on the cover or title of the book. Therefore, employing a cover designer could enhance the perception of value making the cover yourself. If you've got a huge followers or a large amount of followers, your influence could also increase in perceived importance.

If your book is priced at $600, the worth will be greater than an $2.99 book. Also, consider all the aspects that could positively impact the perceived value. Set your price in relation to the value.

Are You Able to Change Your Book's Pricing Strategy If It's Not Working?

Pricing pages are able to be modified at any point. You don't need to set the price of any merchandise. If you notice your books were priced overly high and they aren't selling, it's possible to reduce your price point to attract new buyers. Making your prices lower can cut the 70% royalty rate by 35 percent for Amazon which is more profit for the future.
  Do Ebooks include delivery charges?

Contrary printed books, ebooks generally don't come with shipping charges. Most of the time, ebooks can be downloaded automatically to the Kindle device, along with your email address or application account.

There is a chance that depending on the dimensions of your ebook as well as your price it could be required to pay fees to platforms like Amazon. Amazon is charged $0.15 per megabyte, in the case, for example, if you choose to price your KDP book between $2.99 to $9.99.

For avoiding the cost of shipping fees, take advantage of a solution like which you pay a single price per transaction. This generally is cheaper than Amazon's royalty charges.

Explore the possibilities of Ebooks Pricing

It's evident that there's no definitive answer to the inquiry "How can I figure out the price I need to offer my book for?"

What's wonderful selling ebooks is the capability to quickly change your price. That's why it's crucial to evaluate the price of your ebook and test different price points to determine which one is most effective for you.

When you're testing various prices make sure you keep your end-goal foremost. If your focus is on maximising the profits of your book you'll have to decide the amount you're able to charge for your work without seeing an increase in sales. If you're looking to grow an online readership, your price doesn't matter as much as the list of subscribers you've built.

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