We can draw some simple conclusions looking at these numbers.I don't know how applicable this is to non-fiction (the subject of current concern for me), but it suggests that doubling the price (at the low end) reduces volume by slightly more than 1/4th (inverse square) (22.5% of the sales when going from $2 to $4). At the higher end, it is not linear, but it is a bit less than inverse square (31.1% of the sales when going from $2 to $4).
Ebooks priced at $4 sell an average of 1100 ebooks per year.
Ebooks priced at $8 sell an average of 342 ebooks per year.
Ebooks priced at $2 sell an average of 4900 ebooks per year.
Friday, July 22, 2011
Kindle Book Pricing
There's a discussion going on right now on one of the Kindle publishing forums about whether it is best to cut prices and increase volume, or charge a higher price and make more money on a smaller volume. It turns out that one author has done the math with a number of his Kindle books: