Quote:
Originally Posted by Cinisajoy
Personally if 9 out of 10 people would willing pay the price I set, then I am not going to worry about lowering my price for the one. $13 times 9 is 117. 10 times 10 is 100. I wouldn't want to lose money.
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It all depends on the numbers, though, doesn't it? Here are some real life stats and opinions on the topic:
http://observer.com/2015/09/do-e-boo...-lower-prices/
Quote:
" For every copy an e-book would sell at $14.99, it would sell 1.74 copies if priced at $9.99. So, for example, if customers would buy 100,000 copies of a particular e-book at $14.99, then customers would buy 174,000 copies of that same e-book at $9.99. Total revenue at $14.99 would be $1,499,000. Total revenue at $9.99 is $1,738,000.
Smashwords, the online retail giant’s little baby brother, made a similar point on its blog."
[...]
“At $5.00 I sell about 50 e-books a month, but at $2.99 I sell about 120 e-books a month. Consequently, my profit is greater when I price my e-books at $2.99.”
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