Over on his blog, Joe Konrath is reporting on his experiment with pricing some of his books at $0.99 instead of his usual $2.99. He’s had a lot of success doing this with The List.
I’m going to do the same thing with Dead Dwarves Don’t Dance. Starting in March, I’ll lower the price from $2.99 to 99 cents. I want see if someone without Joe's great success can also see a big jump in rankings and sales.
I published Dead Dwarves Don’t Dance back in November for $2.99. Since then I’ve sold 390 copies and earned about $783. Here’s the monthly sales numbers chart:
The best sales rank I’ve reached is #6047, and I’ve gotten into the 40s on the Kindle Books Science Fiction High Tech rankings. Here is my ranking chart over the last 3 months:
In February, I’m selling an average of 6 copies a day at $2.99. I’m hoping this increases significantly at 99 cents.
I make about $2.00 at a cover price of $2.99. I’ll make about 35 cents on a sales price of 99 cents. That means that I have to sell 6 times as many copies to make the same in royalties.
But, royalties aren’t the main reason for this experiment. I want to see how much better in the rankings I can get, and hopefully get a lot more readers.
Stay tuned to find out how this experiment goes.