11 Replies Latest reply on Mar 10, 2011 8:32 PM by P_Warten

    $.99 versus $2.99 price for unknown authors

      I would like to do a survey of what readers think about the topic above, particulary relating to self-published authors.  I am a new author who is still formulating pricing strategies for my debut novel, The Device.  What is your price limit for unknown authors?  Does 99 cents cheapen the percieved quality of the work?  Is 2.99 too high?

       

      These are all things newbies have to think about when it comes to pricing.  I will be doing a post about CreateSpace in the near future as well.  It's a great resource for self-published authors.

       

      The Device  

        • Re: $.99 versus $2.99 price for unknown authors
          Nevermore1

          For me personally it depends on how well the book is presented (synopsis, cover etc).  I would pay up to $2.99 for an "unknown" but it would have ot have a really good synopsis free of errors.  You may also want to check out the thread in this board titled "Do you read PubIt? books?"  It pretty much asks what you are asking here as well.

           

          http://bookclubs.barnesandnoble.com/t5/NOOKbook-Discussion/Do-you-read-PubIt-books/m-p/892156#M21569

           

          • Re: $.99 versus $2.99 price for unknown authors
            shadowcat80

            To me either price doesn't decide if i going to buy this book or not, if the book looks interesting i'll pay 2.99 for a self published book, but as I say that I never done that but, I am more about what the book is about.  So the summary given is what decides it for me. 

            • Re: $.99 versus $2.99 price for unknown authors
              Haleakala_LKB

               


              Patrick_Skelton wrote:

              I would like to do a survey of what readers think about the topic above, particulary relating to self-published authors.  I am a new author who is still formulating pricing strategies for my debut novel, The Device.  What is your price limit for unknown authors?  Does 99 cents cheapen the percieved quality of the work?  Is 2.99 too high?

               

              These are all things newbies have to think about when it comes to pricing.  I will be doing a post about CreateSpace in the near future as well.  It's a great resource for self-published authors.

               

              The Device  


               

              For 99 cents if the synopsis sounds even slightly interesting to me, I am likely to give it a try. For anything more than that, I'd better really think I will want to read it. 

               

              LisaB

              • Re: $.99 versus $2.99 price for unknown authors

                I know at least one excellent, established author (published by Random House Canada and more recently branched into self-publication) who prices at $0.99 to get sales going, then goes up when a book has found an audience.  If/when sales start to flag, he throttles it back, then forward again.

                 

                This seems to me to be a viable strategy, and does not cheapen the work.

                • Re: $.99 versus $2.99 price for unknown authors

                  This horse had been beat to death in so many forum threads, it's hard to reach a non-emotional decision about it.  Good points have been made for each spectrum of the argument.  Clearly, for the unknown author on whom the reader will be taking a risk, $.99 is a pretty good starting point.  But $2.99 seems to be the focal point for many authors, both experience traditional and new Indie.  In the end, the question is up to the reader, not the author.

                  • Re: $.99 versus $2.99 price for unknown authors

                     


                    Patrick_Skelton wrote:

                    I would like to do a survey of what readers think about the topic above, particulary relating to self-published authors.  I am a new author who is still formulating pricing strategies for my debut novel, The Device.  What is your price limit for unknown authors?  Does 99 cents cheapen the percieved quality of the work?  Is 2.99 too high?

                     

                    These are all things newbies have to think about when it comes to pricing.  I will be doing a post about CreateSpace in the near future as well.  It's a great resource for self-published authors.

                     

                    The Device  


                    I self-published with a short story "Welcome to Florida", and considering its short page count (10 pgs) I aimed for the lowest price available, which is .99.  In fact, I considered the asking price to be .59 or .65, but the minimum was .99.

                     

                    My feeling is that length of story is a factor: if it's under a certain page count, you shouldn't ask for too high a price.

                     

                    It also helps for new or unknown authors to ask for lowest available price, to make themselves of interest to those readers who like shopping the Under $5 value market.

                     

                    I think the best comparison is with downloadable music (iTunes, MP3, et al).  Single songs are .99 at least.  So short stories that are epublished ought to be .99 as well.