Want to know how to price your ebook in order to generate the most amount of sales? Pricing is a tricky process that big companies spend hundreds of thousands of dollars getting right. If they don't select the right price for their product, then customers will not buy it.
Pricing your ebook is much the same: if it's priced too low, people may assume it is of little value. If it is priced too high, they will frown and click away. The right price makes people pull out their wallets. In this article, you'll learn where to find the tools that big companies use, so you can price your ebook so it will sell. Who knows you could be on your way to creating a bestseller!
The reason that companies spend so much money and time researching the perfect price for their products is clear: pricing properly improves sales. Increased sales equals more profits and if you do things right, profits can increase exponentially. This is why corporations with deep pockets spend the money to hire a price consultant. And this is why as an ebook author, you should do everything in your power to make as much money as possible from your content.
Learn how to price your ebook by using a tool that takes the math and guesswork out of the equation. Don't waste time dreaming up a good price. Let the market and the numbers back you up. This is the same tool I used to select the best price for both my book and companion ebook. At first, like you, I was a bit concerned that I was going to have spend hours learning some complex program, but it was easy and I'm glad I took the time to do it.
Since my tendency would have been to price my physical book too high and my ebook too low, I would have missed the boat in both directions, losing sales and decreasing profits. Using this tool has allowed me to earn more money by picking the right price the first time. Now I have catalog companies calling me, wanting to sell my book.
Learn more about how to price your ebook.
About the author: Laura Ramirez is the author of the award-winning parenting book Keepers of the Children: Native American Wisdom and Parenting. She has also written a number of ebooks.