I was just reading Seth Rakes blog post about ebook pricing here: http://sethrakes.com/indie-e-book-pricing/
And I wondered if I could come up with a mathematical formula for how to price your ebook. So here it is:
Start off with $1 as your price.
Choose one of the following, based on your book length:
– Less than 50,000 words, multiply by 1;
– More than 50,000 words, multiply by 3.
Choose one of the following, based on your fame:
– No-one knows me, or I have a tight knit group of fans, multiply by 1;
– Thousands of people buy my books, multiply by 2;
– I’m a household name, multiply by 3.
Choose one of the following, based on your quality:
– I know my book has typos, but it’s the story that matter, multiply by 0.5;
– I’ve gone through more rounds of editing than I can count, multiply by 1;
– My book has been professionally edited multiple times, multiply by 1.5.
So, for example, for a novella, with a small group of fans and many, many rounds of editing:
$1 * 1 * 1* 1 = $1 /0.99c
For a novel by Brandon Sanderson:
$1 * 3 * 2 * 1.5 = $9
For a novel by JK Rowling:
$1 * 3 * 3 * 1.5 = $13.50
WARNING: I’m not a pricing expert. I know very little and guess a lot.
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