Thread: Pricing
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Old 10-29-2010, 06:14 PM   #15
ExtremelyAvg
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Join Date: Oct 2010
Location: Martelle
Device: Kindle for PC
I have just discovered this forum and this is the first thread which I have read. Wow! I loved the responses and found them really helpful.

I am also a new author, about to hit publish on my first novella. I have been trying to make a pricing decision for several days and decided to use my blog to conduct a poll.

The question which I asked my readers was, "What would you charge for Henry Wood on Kindle?"

Note: I wrote the novella as a serial, so most of my readers have read it.

Here are the results:

Price Votes Value
$0.99 63 $31.53
$2.99 7 $58.60
$3.20 2 $47.04
$3.99 6 $53.07
$4.99 9 $45.41
$5.99 4 $16.77

The value column calculates the net profit, assuming that those who voted for a higher price, would also pay a lower price. This is not a scientific poll, by any means, but it does help me know that the best price, for me, and my audience is $2.99. I should note that if the next 8 votes come in for $3.99, then it would shift the profit in that price point's favor.

This data has been helpful to me. I don't know if it is valuable to anyone else, but I hope so.

Thanks,

ExtremelyAvg

Last edited by ExtremelyAvg; 10-29-2010 at 06:15 PM. Reason: typo
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