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As an experiment, I have just released my first novel, Shadowchaser as a Kindle ebook under Amazon's KDP scheme at $0.99. The reason I've opted for such a low price is that I'm using it primarily as an introduction to both myself as a writer, and to my latest and future books. A way of introducing myself and my work to as wide a potential readership as possible.
The book was well received and sold consistently in its original print incarnation, so I have no problem offering it for such a low price in its new digital format. At least for the moment. I'm viewing it as much as a potential marketing tool as I am a deserving work in its own right.
Is it undervalued? No. It's already proven its worth to my satisfaction. Now it has the opportunity to potentially prove itself valuable in a slightly different, but no less valid way.
Plus, if it ultimately sells at such a low price, at the end of the day a sale is still a sale.
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