How do I Price My Book?
Today's topic - book pricing ... I get routinely asked, "How should I price my book?" A lot of authors will want a low price without considering their breakeven point. If the cost per book exceeds the actual royalty you receive per book, you're going to automatically start in the red and never be able to get past it. Now eBook sales can mitigate this problem since you only have a one-time conversion fee. My advice though is to never price your book so you're actually losing money. Even if you're making a small profit per book, go that direction and mitigate it with eBook sales. I know many authors are concerned about pricing their books out of the market. So, that is why I suggest at least some profit if you want to lower your price based on that concern; but do not flip it over. Going upside down on any project is always a losing proposition - that is, unless... You're doing a book to enhance your image or career . If you wr...