Ebooks

Articles specific to writing and publishing ebooks.

M. Louisa Locke: From Academia to Authorship, A Dream Deferred

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This article by Tim Knox originally appeared on Interviewing Authors.

Tim Knox: Hey friends, welcome in to Interviewing Authors with Tim Knox, another great show for you today. M. Louisa Locke is my guest, my friend Mary Lou Locke. She has quite the history. She’s a retired professor of women’s history, embarked on a second career as a historical writer and her Victorian San Francisco mystery series is based on the research she did to get her doctorate.

The series features Annie Fuller, a boarding house owner and pretend clairvoyant. The series thus far includes Maids of Misfortune, Uneasy Spirits, Bloody Lessons and the new book soon to come out, called Deadly Proof.

Now if you are interested in writing historical fiction this is an interview you don’t want to miss. Mary Lou talks about all of the work that she puts in and the research she does to make sure things are accurate. But then again she also talks about things like bringing humor into the story and the mystery and the romance.

So just a really good interview with M. Louisa Locke on this edition of Interviewing Authors.

Tim Knox: Mary Lou, welcome to the program.

M. Louisa Locke: Well it’s very good to be here, Tim.

Tim Knox: To begin let’s hear a little bit about you. Tell us about your background.

M. Louisa Locke: Okay most of my life, career as an adult I was a college professor. I got a doctorate in history in the late 1970s, early 1980s. I spent most of my career teaching at San Diego Mesa Community College, so teaching freshman U.S. History and U.S. Women’s History. That’s what I did with most of my career but I always wanted to write historical fiction. In fact my high school yearbook when it said ‘what do you want to do with your life?’ I said I wanted to write.

I understood by college that most writers couldn’t make a living and so I decided that I would make history my profession and then the hope was that I might be able to write fiction on the side. In many ways that dream got deferred until I was in my late 50s and I was semi-retired. I thought I would give writing another shot. I’d written a rough draft of the book that became my first book years earlier. I published as a self-published independent author and it sold and I made enough money by the second year to retire completely. So I really now have a second career as a full-time writer. It’s really a dream deferred that I really did not expect to get fulfilled.

 

Click here to read the full article (or listen to the podcast) on Interviewing Authors.

 

They Might Be Giants

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This post by Philip Jones originally appeared on FUTUReBOOK on 6/24/14.

Are we at the beginnings of a backlash against big tech? Last week the New Yorker published a disruption takedown from Jill Lepore in which she castigated the tech community for its “reckless and ruthless” philosophy of disruption. Over the weekend the Observer criticised tech companies for sometimes thinking “they are above good rules”. A few weeks ago the New Statesman ran a series of articles puncturing the Silicon Valley dream, and warning about the “political and social damage that may be done by the future land-grab being pursued by the big internet companies”.

For publishers the context for this are the ongoing negotiations between Amazon and its suppliers over supremacy in the book business. As The Bookseller exclusively reported yesterday, Amazon’s latest terms indicate a direction of travel that would see the online retailer take a sizeable control over both a publisher’s inventory and its marketing. Can’t deliver fast enough to meet Amazon’s super-efficient distribution machine? Amazon would now POD the book. Not sure how best to market a book, or a list? Amazon could do it for you, albeit for a cut of the turnover.

 

Click here to read the full post on FUTUReBOOK.

 

Hybrid Model: Agents’ Changing Roles Add Value to #Indie #Authors

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This post by Toby Neal originally appeared on her blog on 4/4/14.

This week was filled with excitement as I signed with Foreword Literary, a dynamic  literary agency with offices in San Francisco, New York and Chicago. I had the joy of meeting and getting to know one of the agency founders, Laurie McLean, at the Big Sur Writer’s Conference in Monterey. Her enthusiasm and dynamic energy were a match for mine as we brainstormed ideas and exchanged backstories over coffee and dinner. After just a few minutes I knew this was an agent who fully understood the challenges ahead for the publishing industry, both from the indie side and from the legacy side.

“I’m from a tech and marketing background, so I think differently about books,” Laurie told me, her animated face shining with enthusiasm. “I see stories in all their forms, whether they are consumed on paper, via ereaders, in videogames, on the big screen, or on YouTube. We’re pioneering here, and I think the ‘hybrid’ model of selecting the best publishing medium for each project, be it self-publishing or traditional, is the way of the future. In fact, Foreword believes so much in this hybrid model, we predict most authors will become hybrid authors over the next five years. We’re here to show them how to make that transition.”

I couldn’t sign up fast enough! So I’d like to introduce Laurie McLean, “foreword” thinking agent extraordinaire, to all of you. She’s agreed to answer some questions about the hybrid model and other topics!

 

Click here to read the full post on Toby Neal’s blog.

 

Big Publishing is the Problem

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This post by Hugh Howey originally appeared on his site on 6/14/14.

A few weeks ago, I speculated that Hachette might be fighting Amazon for the power to price e-books where they saw fit, or what is known as Agency pricing. That speculation was confirmed this week in a slide from Hachette’s presentation to investors [Publetariat Editor’s note: click on image to view an enlarged version in a new tab or window]:

So, no more need to speculate over what this kerfuffle is about. Hachette is strong-arming Amazon and harming its authors because they want to dictate price to a retailer, something not done practically anywhere else in the goods market. It’s something US publishers don’t even do to brick and mortar booksellers. It’s just something they want to be able to do to Amazon.

The biggest problem with Hachette’s strategy is that Hachette knows absolutely nothing about retail pricing. That’s not their job. It’s not their area of expertise. They don’t sell enough product direct to consumers to understand what price will maximize their earnings. Amazon, B&N, Kobo, and Apple have that data, not Hachette.

 

Click here to read the full post on Hugh Howey’s site.

 

New Initiative at the Met Makes Thousands of Digital Images Freely Accessible

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This article by Chelsea Matiash originally appeared on The Wall Street Journal on 5/30/14. It’s excellent news for indie authors and freelance cover and web designers: thousands of new images licensed under creative commons.

This month, the Metropolitan Museum of Art released for download about 400,000 digital images of works that are in the public domain. The images, which are free to use for non-commercial use without permission or fees, may now be downloaded from the museum’s website. The museum will continue to add images to the collection as they digitize files as part of the initiative Open Access for Scholarly Content (OASC). 

When asked about the impact of the initiative, Sree Sreenivasan, Chief Digital Officer, said the new program would provide increased access and streamline the process of obtaining these images. “In keeping with the Museum’s mission, we hope the new image policy will stimulate new scholarship in a variety of media, provide greater access to our vast collection, and broaden the reach of the Museum to researchers world-wide. By providing open access, museums and scholars will no longer have to request permission to use our public domain images, they can download the images directly from our website.”

 

Click here to read the full post on The Wall Street Journal.

 

Is Amazon Good For Books? and other dumb questions

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This post by Robert Kroese originally appeared on his site on 6/10/14.

I finally got around to reading George Packer’s article in the New Yorker entitled “Cheap Words: Amazon is good for customers. But is it good for books?” yesterday. Spoiler alert, in case you haven’t read the article: Packer doesn’t answer the question. In fact, he doesn’t even really address the question. Most of the article is taken up with head-shaking reminiscences of Amazon’s ruthless business practices, its treatment of books as “widgets” rather than the lovingly birthed children of the tortured souls of artists, and a few anecdotes about poor working conditions in warehouses (another spoiler: warehouses, by and large, are not fun places to work). Finally, in the concluding paragraphs, Packer gets around to the question at hand:

Several editors, agents, and authors told me that the money for serious fiction and nonfiction has eroded dramatically in recent years…. These are the kinds of book that particularly benefit from the attention of editors and marketers, and that attract gifted people to publishing, despite the pitiful salaries. Without sufficient advances, many writers will not be able to undertake long, difficult, risky projects.When consumers are overwhelmed with choices, some experts argue, they all tend to buy the same well-known thing….

These trends point toward what the literary agent called “the rich getting richer, the poor getting poorer.” A few brand names at the top, a mass of unwashed titles down below, the middle hollowed out: the book business in the age of Amazon mirrors the widening inequality of the broader economy….

 

Click here to read the full post on Robert Kroese’s site.

 

10 Things You Need To Know About Publishing FanFic on Amazon

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This post by Tara Maya originally appeared on her Tara Maya’s Tales site on 6/27/13.

Amazon is rocking the publishing world once again with a brand new kind of publishing: legal fan fic. Okay, there have been licensed novels before… Star Trek novels, Star Wars novels, movie novelizations… but this is far more accessible.

It’s called Kindle Worlds. Right now, there are only about twelve Worlds available to write in. Some biggies, like Harry Potter and Twilight, are not on the list. A few are television worlds, a few are author’s own worlds (such as Wool).

However, before you break out dancing and toss your Snape and Legolas slash romance/adventure into the ring, there are a few things you need to know about publishing fan fiction with Amazon.

 

1. This is not self-publishing, as with KDP.

Amazon’s self-publishing platform, KDP, allows authors to keep all rights to their own works. Amazon takes a cut of the royalties as a distributor, but Amazon is not the publisher. With Kindle Worlds, “All works accepted for Kindle Worlds will be published by Amazon Publishing.”

That said, this doesn’t seem intended to be as exclusive as the Singles program. Amazon wants your content, as long as it’s not something they will be sued over.

 

2. The steps seem pretty easy.

 

Click here to read the full post on Tara Maya’s Tales.

 

Neal Pollack on Rebounding From Massive Hype and Six-Figure Deals to Online Publishing

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This post by Nathan Rabin originally appeared on The A/V Club on 3/14/13.

In Money Matters, creative people discuss what they’re not supposed to: the intersection of entertainment and commerce, as well as moments in their lives and careers when they bottomed out financially and/or professionally. 

The artist: Neal Pollack appeared in the national consciousness as part of the talented group of writers and editors that gravitated to McSweeney’s, Dave Eggers’ publishing empire. In 2000, The Neal Pollack Anthology Of American Literature—a collection of satirical pieces centering on the fictional “Neal Pollack” persona, a larger-than-life spoof of macho world-beaters like Ernest Hemingway and Norman Mailer—became the first book published by McSweeney’s publishing arm. (The book was later re-published by HarperCollins.) A satirical rock novel, Never Mind The Pollacks, followed in 2003, and was followed by 2007’s Alternadad, a memoir about his experiences raising his son. Alternadad generated tons of publicity and human-interest stories about hipster parenting, in addition to generating interest from the television and film industries. But the book’s sales failed to match its buzz, and television and film adaptations didn’t pan out.

Pollack published a yoga memoir, Stretch, in 2010, but over the past two years he has devoted much of his time and energy to writing mysteries for new publishing paradigms. In March of 2011, Pollack self-published the Kindle release JewBall, a period basketball mystery that attracted the attention of Amazon’s Thomas & Mercer mystery imprint, which reprinted it as a download and a paperback. Pollack followed it up with another mystery for Thomas & Mercer, in this case a yoga-themed book called Downward-Facing Death that Amazon released in serialized installments; it’s now available in its entirety as both a Kindle release and a paperback. Sequels to both mysteries are in the works.

The A.V. Club: What was your relationship to money as a child? 

Neal Pollack: When I was 7 years old, we moved to Paradise Valley, Arizona, which is a very wealthy suburb of Phoenix. In fact, I’d say it’s a very wealthy suburb of Scottsdale. And this wasn’t the Paradise Valley that was described in—this is a very dated movie reference—Pump Up The Volume, the Christian Slater movie. This was the town of Paradise Valley. In the movie it was called Paradise Hill. The town of Paradise Valley that attracted such exclusive real estate that there’s not commercial real estate in it to this day. It’s best known as where Camel Back Mountain is, and there may be a couple of boutiques on one of the streets and then there’s the Barry Goldwater Memorial. So that’s where I grew up. My father was a hotel executive and, at the time we moved there, there were no paved roads in the section where we lived. Every house had to have acres of desert land, and that’s still the case. Not our immediate next-door neighbors, but the family down the dirt road were the heirs to the Campbell’s Soup fortune. They were billionaires, multi-billionaires. My family wasn’t anything like that, but my dad had a very good corporate executive job.

Then, in 1979, he lost that job. We suddenly went very quickly from being upper-middle class to really struggling financially. And that had a big impact on me, because I watched my parents really struggle with having to pay bills and buy groceries and find work.

 

Click here to read the full post on The A/V Club.

 

Announcement Hachette/Amazon Business Interruption

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This post from the Amazon Books Team was posted on the Amazon site on 5/27/14.

We are currently buying less (print) inventory and “safety stock” on titles from the publisher, Hachette, than we ordinarily do, and are no longer taking pre-orders on titles whose publication dates are in the future. Instead, customers can order new titles when their publication date arrives. For titles with no stock on hand, customers can still place an order at which time we order the inventory from Hachette — availability on those titles is dependent on how long it takes Hachette to fill the orders we place. Once the inventory arrives, we ship it to the customer promptly. These changes are related to the contract and terms between Hachette and Amazon.

At Amazon, we do business with more than 70,000 suppliers, including thousands of publishers. One of our important suppliers is Hachette, which is part of a $10 billion media conglomerate. Unfortunately, despite much work from both sides, we have been unable to reach mutually-acceptable agreement on terms. Hachette has operated in good faith and we admire the company and its executives. Nevertheless, the two companies have so far failed to find a solution. Even more unfortunate, though we remain hopeful and are working hard to come to a resolution as soon as possible, we are not optimistic that this will be resolved soon.

Negotiating with suppliers for equitable terms and making stocking and assortment decisions based on those terms is one of a bookseller’s, or any retailer’s, most important jobs. Suppliers get to decide the terms under which they are willing to sell to a retailer. It’s reciprocally the right of a retailer to determine whether the terms on offer are acceptable and to stock items accordingly. A retailer can feature a supplier’s items in its advertising and promotional circulars, “stack it high” in the front of the store, keep small quantities on hand in the back aisle, or not carry the item at all, and bookstores and other retailers do these every day. When we negotiate with suppliers, we are doing so on behalf of customers. Negotiating for acceptable terms is an essential business practice that is critical to keeping service and value high for customers in the medium and long term.

A word about proportion: this business interruption affects a small percentage of Amazon’s demand-weighted units. If you order 1,000 items from Amazon, 989 will be unaffected by this interruption. If you do need one of the affected titles quickly, we regret the inconvenience and encourage you to purchase a new or used version from one of our third-party sellers or from one of our competitors.

We also take seriously the impact it has when, however infrequently, such a business interruption affects authors. We’ve offered to Hachette to fund 50% of an author pool – to be allocated by Hachette – to mitigate the impact of this dispute on author royalties, if Hachette funds the other 50%. We did this with the publisher Macmillan some years ago. We hope Hachette takes us up on it.

This topic has generated a variety of coverage, presumably in part because the negotiation is with a book publisher instead of a supplier of a different type of product. Some of the coverage has expressed a relatively narrow point of view. Here is one post that offers a wider perspective.

http://www.thecockeyedpessimist.blogspot.com/2014/05/whos-afraid-of-amazoncom.html

Thank you.
 

Amazon vs. Hachette: What It’s About And Why I’m Rooting For Amazon

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This post by Publetariat founder and Editor in Chief April L. Hamilton originally appeared on her Digital Media Mom site on 5/24/14.

As you may have heard, or read, or discovered while browsing Kindle books on the Amazon site, Amazon is currently in the middle of a battle with “Big 5″ publisher Hachette. The beef is over reseller wholesale contract terms (the publisher’s ‘cut’ on every ebook of theirs sold by Amazon), and Amazon has been using some strongarm tactics to remind Hachette that Amazon doesn’t HAVE to sell Hachette books at all if the parties can’t come to an agreement.

 

First, a little background is needed.

Back when the Kindle was new and ebooks were just starting to become a thing, say 2008 or so, Amazon established wholesale terms with publishers on ebooks based on the “fixed price” (usually known as a “suggested retail price” in other industries, for other products) which was set by the publishers. Amazon could discount the actual sales price of ebooks to whatever they wanted, or even offer them for free, so long as they paid the publisher the wholesale rate that was based on the publisher’s fixed price.

For example, if the publisher’s fixed price was $15 (seriously, that’s the average of the fixed prices the Big 5 publishers were setting; on some ebooks they wanted to go as high as $18) and the publisher’s wholesale cut was 40%, Amazon would have to pay the publisher $5.60 for every copy sold or given away on Amazon. Whether the ebook ultimately sold for $10, $6, or was given away for free, Amazon owed the publisher $5.60 for every copy distributed to Amazon customers. As a result, Amazon was (and still is) actually LOSING money on many ebook sales, but they were willing to take the hit to establish their Kindle line as dominant among ereaders.

 

A couple years down the road, publishers started to get nervous.

In 2010 publishers decided they didn’t want Amazon to have the right to set its own prices on their ebooks anymore, even though Amazon’s retail pricing didn’t affect their wholesale cut AT ALL. They feared that if Amazon were allowed to establish $9.99 in the minds of consumers as a standard price point for frontlist ebooks (new release ebooks the publisher expects to sell well), they would never succeed in rolling out their own, much higher fixed prices. And they were probably right about that, but only because the fixed prices they had in mind for frontlist ebooks were ridiculously high to begin with.

 

Click here to read the full post on Digital Media Mom.

 

Three Reasons Why I Do Not Give a Fig Who Steals My Books

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This post by Patricia V. Davis originally appeared on the Women’s National Book Association San Francisco Chapter site on 3/18/13.

A few years back, I was in the audience listening to a speaker at a prestigious writers’ conference as he warned us about book piracy and how many potential sales authors stood to lose as a result.

“I know for a fact that people are pirating my work and even selling my books illegally online,” he said, clearly not happy about that.

He went on to inform a roomful of mostly new writers that he’d even caught some reviewers ─ legitimate ones ─ selling their review copy of his book on eBay after they’d reviewed it. “When giving out review copies of your books, be sure to write ‘review copy’ in it, to help prevent that from happening,” he cautioned. He continued in the same vein about illegal copies being obtained for his ebooks, as well, and I observed several audience members taking notes diligently on his piracy prevention suggestions.

The problem is, I’d personally never heard of him before that conference, and if you ask me even now, I couldn’t tell you the title of even one of his books.

What does this mean? I’m getting to that.

Let’s take another scenario:  Me, as a teenager at a neighbor’s garage sale. She had a bin of old paperbacks that she was selling at ten cents each. Obviously we’re going way back here, before the internet even existed, so in essence, her reselling of those paperbacks at ten cents each was that era’s equivalent of today’s online book piracy. I bought a paperback that looked intriguing ─ why not, at that price? ─ and took it home to read. I became so enraptured by the story, that I read it all in one sitting, then raided my babysitting money which I’d saved for something else, walked all the way to the local bookstore and bought another of her books at the full paperback retail price that same day. Over the years, I’ve repeatedly bought her titles, and sometimes, if I’m feeling famished for the quality brain candy novels that she writes, and something new she’s written looks particularly appealing, I won’t even wait for the paperback version ─ I’ll spring for the hardback price of 25 dollars plus tax. (Yes, even this day of eReaders and iPads, I still buy hardback books.) So, the novel that I bought “illegally” hooked me into becoming a lifelong fan of this author.

 

Click here to read the full post on the WNBA San Francisco Chapter site.

 

Smashwords and OverDrive to Bring 200,000+ Indie Ebooks to 20,000+ Public Libraries

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This post by Mark Coker originally appeared on the Smashwords blog on 5/20/14.

Imagine if your indie ebook was purchasable by thousands of public libraries around the globe. Now imagine no more.

Smashwords today announced an agreement to supply more than 200,000 titles to OverDrive, the world’s largest library ebook platform.

OverDrive powers the ebook procurement and checkout systems for 20,000 public libraries around the world, including 90% of US public libraries.

This agreement marks a watershed moment for indie authors, libraries and library patrons around the world.

It’s also a big deal for thousands of small independent presses around the globe who now have a convenient onramp into the OverDrive network.

Millions of library patrons will now have access to the amazing diversity and quality of the Smashwords catalog.

At a time when many large publishers are charging libraries high prices for ebooks (front list ebooks from Big 5 publishers can cost libraries $80, and even backlist ebooks can cost libraries $20-40), Smashwords authors and publishers are stepping in to supply thousands of affordably priced, library-friendly ebooks. Faced with the option of purchasing a single James Patterson novel for around $40.00, or ten thrillers from today’s most popular indie authors at $4.00 each, libraries now have exciting new options to build patron-pleasing ebook collections.

To help librarians streamline collection development, in the weeks ahead OverDrive and Smashwords will create curated buy-lists lists libraries can use to purchase the most popular indie authors and titles. Libraries will soon have the option, for example, to purchase the top 100 YA fantasy novels (approximate price: ~$400), or the top 1,000 most popular contemporary romances (~$4,000) or top 200 complete series across multiple categories (~$2,000), or the top 200 thrillers, mysteries, epic fantasies or memoirs. With most of our bestsellers priced priced at or under $4.00, you can do the math to appreciate how incredibly affordable these collections will be. We’re going to have fun slicing and dicing.

Our lists will measure title popularity by aggregating sales data from across the Smashwords distribution network. Indie authors: If you needed yet another reason to fully distribute all your titles to all retailers via the Smashwords distribution network, now you have it. Stand up and have your sales counted because we want to help libraries purchase the greatest diversity of high-quality ebooks across multiple genres and categories.

Here are a couple additional stats to help you appreciate the massive scale of the OverDrive network:

 

Click here to read the full post on the Smashwords blog.

 

May 2014 Author Earnings Report

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This post originally appeared on Author Earnings on 5/19/14.

Three months ago, we released our first full report on Amazon e-book sales and author earnings. Our goal was to look at unit sales and earnings by various publishing paths in order to help authors make informed decisions in this rapidly changing publishing environment. The results were eye-opening, but it was merely our first data point. Our long term goal has been to pull data every quarter to see if we can spot developing trends.

A quick recap on our methodology: Using a custom software spider, we can crawl every Amazon bestseller list and pull info from each book’s product page html. This data goes into a spreadsheet, which gives us the price, ranking, average review, and much more for every ranked e-book on Amazon. Using established ranking-to-sales data from numerous bestselling authors (including our own works), we are able to present author earnings by title and publishing type. As with our past reports, all the data has been anonymized and is available for download at the end of this report. And just like with past reports, any reasonable numbers entered for the power curve of the product rank-to-sales ratio reveals the same overall picture. That is, our conclusions are not dependent on our estimates but are borne out of the freely available data.

The exciting thing about pulling this data is that we have no idea what we’re going to find. Our conclusions since the last report might need rethinking. Our advice on what an author might want to do with a manuscript today could very well change as the publishing industry takes another swerve. My partner and I debated what we expected to see from this second round of data. We both predicted no more than a 2%-3% swing from any one publishing path to the other over such a short period of time. I wagered we’d see a 2% drop in self-publishing titles, offset by an increase in Amazon imprints, as the latter continues to snatch up high performing e-books and put more marketing muscle behind their own authors. My partner thought we’d see a 2% hike in self-publishing at the expense of traditional publishing. We bet a dollar on the outcome.

 

Click here to read the full post on Author Earnings.

 

Will Barnes & Noble be gone by New Year's?

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This editorial by Michael Levin originally appeared on The Contra Costa Times News on 5/2/14.

If anyone gives you a Barnes & Noble gift card, be sure to cash it in by the end of the year.

This may be the last year that Barnes & Noble bookstores remain open.

It’s bad news for people who love books. It’s worse news for the next generation of readers, who may never experience buying a book in a bookstore.

B&N has been closing about 20 stores per year since 2012 and has said it will continue to do so for the next several years. But its financial position is bleak.

This follows a decades-long period of expansion, moving into neighborhoods where privately-owned bookstores thrived, destroying those stores with cut-price best-sellers, and all but owning the book business.

Borders collapsed because of poor choices — weak locations, an overemphasis on music, and, worst of all, selling off its online bookstore to Amazon for $20 million in the 1990s. Chump change, by today’s standards.

So why is B&N on the ropes, if it has virtually no competition today from chains or privately owned bookstores?

 

Click here to read the full editorial on The Contra Costa Times News.

 

The Great E-book Pricing Question

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This post by David Gaughran originally appeared on his Let’s Get Visible site on 4/17/14.

There’s more guff written about pricing than almost anything else, resulting in an extremely confusing situation for new self-publishers. I often see them pricing too low or too high, and the decision is rarely made the right way, i.e. ascertaining their goals and pricing accordingly.

 

Price/value confusion

Before we get to the nuts-and-bolts, it’s time to slay a zombie meme. Much of the noise on this issue springs from conflating two concepts, namely price and value.

Authors often say something like, “My book is worth more than a coffee.” Or publishers might say, “A movie costs $10 and provides two hours of entertainment. Novels provide several times that and should cost more than $9.99.”

Price and value are two different things. From Wikipedia:

Economic value is not the same as market price. If a consumer is willing to buy a good, it implies that the customer places a higher value on the good than the market price.

The price is something we, as self-publishers, attach to the product. The value is the worth the consumer places on it (not the author or publisher). In simple terms, unless your price is lower than the value a reader places on your book, they won’t purchase.

Marketing isn’t simply about reaching consumers but also about convincing them to place a value on the product higher than the price-tag. The higher the price, the harder that job will be.

In other words, it’s a lot easier to sell a book at $2.99 than $9.99.

 

Doesn’t price influence value?

 

Click here to read the full post on Let’s Get Digital.