Quote:
Originally Posted by Sil_liS
How do you determine the value of a book?
If the price is $1 and 1 million books are sold, is it a million dollar book or is it a 1 dollar book?
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If you speak about one book in the sense of n° of produced items and you know that
a) by setting the price to 1 you reach the biggest ammount of buyuers because the group potentially willing to pay 1 or more is the biggest and
b) your production and transaction costs (software and hardware needed for creation; costs for retail like server or the percentage retailers like amazon cut from your win; payments for cashing like paypal or cc-card)
c) the calculated value of your worktime spent on writing the book
d) the assumed amount of copies to sell before the market is saturated
If this all calculated doesn’t give you a negative value then 1$ is right. If you end up going negative then you have to recalculate with the amount of buyers willing to pay 1+n$ or higher.