pricing

How much to charge for your (soon to be bestselling) ebook

There's a short answer to this question but I'm going to make you read through the whole article to find out what it is. Don't worry; it's less than five hundred words, so it won't take long.When I released my first book "My Temporary Life" in December 2011 I priced it at $4.99. Based on other books out there this seemed like a reasonable price. I sold a few books but I knew there were others selling a lot more, and I believed in my book. So, I tried a .99 cent sale to try and get the ball rolling and perhaps find a reader base that would spread the word to other potential readers. I advertised my promo on Facebook and Goodreads and I sold a few more, but still not enough. Then, I discovered KDP Select. I enrolled in KDPS and ran a free promotion. During the promotion I gave away fifty thousand ebooks and afterwards, based on research I'd done checking out other Indie ebooks I priced my book at $3.99. Over the next few months I sold over twenty thousand books at $3.99. Bingo, I'd found my perfect price-point.After a few months, when sales lagged again…

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