How do I decide how much my ebook is worth?

How do I decide how much my ebook is worth?

How to Price an Ebook

1. Royalty Percentages. You make a royalty on each purchase of your ebook.
2. Length and Perceived Quality. Readers expect shorter books to be priced cheaper.
3. Your Book’s Genre. It’s time for some research! Search for books in your genre and compare ebook prices.
4. How Mill City Press Helps.

How do you write a price analysis?

You need to figure out the price at which you can maximize your profit.

1. Document your cost structure.
2. Capture your main competitors’ prices.
3. Estimate how sensitive your market is to price fluctuations.
4. Calculate the price and volume that will maximize profit.
5. Recommend a price.

How do you calculate ebook sales?

We use “The Rule of 15” which means if you take the monthly sales needed to hit a certain bestseller ranking, all you have to do is divide that monthly sales number by 15 to calculate how many sales you need in one day (24 hours) to achieve that same sales ranking.

How many pages should an eBook have?

The Write Practice considers a short print book to average 25,000 words, which is around 100 pages. And when you categorize ebook lengths by genre, the average lengths of short ebooks starts at 123 pages for children’s books and cap out at 519 pages for long and meaty law ebooks.

What are the profit margins of a book?

The most profitable sales an author can make are to the routes to market where they are the retailer and have no one else in the supply chain to take a margin. Books sold by the author from their website, email marketing, at their events, and through joint ventures, can generate a profit of 60% to 70% on each book.

Which is an example of a price analysis?

Price analysis is the process of examining and evaluating a proposed price without evaluating its separate cost elements. For example, a fast-food chain can evaluate the effects of different prices in a sample of the stores. Experimental design measure or control the effects of factors other than price.

What to look for in a price strategy?

This includes a mix or product line, or select a price strategy for a new product or brand. Do a price-volume analysis to check your price elasticity. Price strategies are classified according to the company’s price relative to the competition. How active promotion of price will be in the marketing program.

What is the purpose of a pricing strategy?

A pricing strategy is a model or method used to establish the best price for a product or service. It helps you choose prices to maximize profits and shareholder value while considering consumer and market demand.

Which is an example of a high low pricing strategy?

A high-low pricing strategy is when a company initially sells a product at a high price but lowers that price when the product drops in novelty or relevance. Discounts, clearance sections, and year-end sales are examples of high-low pricing in action.