I've read good and bad books across the pricing spectrum.
My point is that the perception persists that, in general, you get what you pay for.
When trying to successfully market a self-published work, I would think, you have to balance many factors, including that perception.
While I know many people are willing to wade through and take the risk on super-cheap books, I know others rarely waste their time. There's just too much slush in that pile.
I think a moderate price ($2.99-$4.99) hits a certain spot. It places enough value on the work to say, "I think I can provide the quality of the big boys," but it also says, "as an independent, I can do things at a lower cost, not demand rapacious profit, and provide a reasonably priced alternative."
True "quality" will be judged by individual readers. Again, gems are to be found out there for free, stinkers can make you feel seriously cheated out of $12.99.
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