subject: How To Price Your Electronic Book For Highest Income [print this page] Once you have composed and written an ebook, the next step is to figure out what customers would be willing to pay for it. Locating the exact price is vital relating to the success of the product. If you charge too little, people will think it's of little value, and they won't purchase it, or even it they do buy your book, you will have to sell thousands of copies to get to the point where you can begin to see a profit.
If you start out with a price that is that much higher than your competitors, you will constantly be forced to lower your prices, which will only lead to more problems in the long run. For instance, if the price of the ebook is $39 initially and then goes down to $24, aren't the folks who bought it at the first price going to be upset?
Choosing the right price for your ebook is one of the most critical parts of the marketing process. When setting a price for eBooks, you cannot underprice them. Figure out the highest price your audience can afford to pay, and then if the book isn't selling you can reduce the price. Prior to taking the step, ensure you are marketing your book over lots of websites over the internet. Ideally the price should be able to generate large profits, however you should not neglect the fact that price is one of the major elements that people value an ebook prior to the purchase. That means you need to begin at the highest point to start your huge marketing campaign.
It's even harder to price an ebook since it is a relatively new commodity on the market. Since they are digital, the value of an ebook is as confusing as the understanding of what digital actually is to the average layperson. This ultimately means we need to approach ebooks in a different light to help us establish their actual true worth in this competitive cyber landscape.
A book in print and an ebook have many differences. A printed book is an object you can hold in your hand, store on your bookshelf, even hand down to the next generation. Its price is based o things like how much it costs to produce and market it, what paper costs, and what the designer charges.
However, the fact that they are a way of conveying ideas is the factor that binds hard copy books and ebooks together. The ideas contained in these books have the power to be transformative forces in people's lives. What do you think an idea is worth when evaluated against the cost of paper and ink?
The cost of your ebook should be based on the valuable ideas that are contained within it.
Make a decision regarding whether your goals include wide distribution and as much exposure as you can get. This goal is aimed at drawing customers to your business or service, or to establishing the credibility of your reputation. It's best for you to keep from charging to much if that's what you want to have happen. There are authors who sell their ebooks for less than they should to make a profit so that they get a lot of new customers. The vital element is to maximize prices which impacts your profits and the total number of books you sell.
