Quote:
Originally Posted by J. Strnad
I priced Risen at $2.99, the lowest price I could set at Amazon and still get the 70% royalty rate. I set the same price at Smashwords.
Unfortunately, Kobobooks discounted the price 20%, to $2.39. That caused Amazon to lower the price to $2.39 and my royalty dropped to 35%.
So I decided to raise my Smashwords price to $3.75 so that when Kobo discounted it 20%, to $3, and Amazon matched the price, I'd still be in the 70% royalty area with Amazon (which makes up about 80% of my sales).
This news is fine with me. I don't think it's price gouging to charge $2.99 instead of sixty cents less, DRM-free, with no geographical restrictions. But at that price point, I do need the 70% royalty. Really, at less than $3/book, pricing and discounts are hardly a factor. Your time reading the book is more important than $3 vs. $2 + change.
The new structure FOR ME just means that I can set one price and forget it. It all comes out the same for the reader.
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I think it's a great thing with independent publishers and authors such as yourself, what you have said makes perfect since to me!