Yesterday I announced my plan to lower my price for Dead Dwarves Don’t Dance from $2.99 to 99 cents in March. That’s an experiment to see how many extra copies I’ll sell, and how much better my Amazon rankings will get. I expect to make less in royalties, but hopefully collect a couple hundred extra readers (and, also hopefully, get some more reviews).
Also in March, I’m going to raise the price of Format Your Ebook for Kindle in One Hour from $0.99 to $2.99. I’ve had numerous comments that 99 cents for this book is too cheap, so I’m going to raise it to see how it does.
I published Format in January for 99 cents and it’s selling very well, 280 copies so far. However, I’ve only made about $98 in royalties. Here are my monthly sales numbers:
The best sales rank I’ve reached is #5497, but I’ve gotten down to #4 in the Reference/Writing/Writing Skills category. Here are my rankings for the past two months:
I make 35 cents in royalties for each 99 cent book I sell. I make about $2 in royalties for each $2.99 book I sell. In February, I’m selling about 190 copies, or about 6 a day. To match my current royalties I’ll have to sell 32 copies in March, or about 1 a day. I’m guessing I can do that.
With this experiment, I expect to see a worsening of my sales rank, but an increase in royalties. I could be wrong, of course. Will my drop in rank out of the top 10 or 20 in Writing Skills greatly reduce my sales? I don’t know now, but I’ll find out. That’s why it’s called an experiment.
Stay tuned for updates!