It's free to list your book for sale, and the retailer receives a cut of the proceeds. Amazon pays writers a 70% royalty when they price ebooks between $2.99 and $9.99, and a 35% fee outside of that range or for specified areas if the book isn't in KDP Select. Other online retailers have similar policies.
Publishing costs include editing, formatting, designing a cover, and uploading files to various sites where they can be downloaded by readers. Some publishers may also require their authors to use their branding and marketing materials in their books. These services can run up prices. For example, the print edition of The 99 Percent Report, a study on poverty in America done by researchers from Princeton and Northwestern universities, cost $150,000 to produce. It sold about 5,000 copies its first year on sale.
So overall, publishing an ebook doesn't cost much, but it does require some investment in terms of time and money to produce a quality product that will reach as many readers as possible.
Estimate eBook Royalties If your eBook costs between $2.99 and $9.99, Amazon will pay you 70% of the retail price as a royalty. If your book is priced between $0.01 and $2.98, or more than $9.99, you will receive 35% royalties. You will also earn more frequent smaller payments if you choose to accept Pay-As-You-Read.
The more readers who purchase your book at any given time, the higher your earnings will be. For example, if 10 people buy your book for $9.95 each, then you will earn $95,000 from that one sale. However, if 100 people buy your book for $99.50 each, then you would only earn $150,000 from that one sale.
Royalties are calculated based on an estimated number of pages in your eBook. They are paid out of your publisher's share of the proceeds from your book's sales. For example, if your book sells for $19.95 and has 50 pages, your royalty would be $47,500.
It is very difficult to predict how many readers will purchase your eBook, so it is best to look at high-quality books published by major brands that are similar to yours. If you can identify such a book that was well received by consumers and made some sort of list, you could estimate that your book might sell about five copies per month.
This is an excellent price range to stay in since Amazon and BN.com pay greater royalties for books priced between $2.99 and $9.99. In reality, the most popular ebook prices vary from $2.99 to $3.99, with $3.99 being the most prevalent. There's no real reason to price your book higher than this since you're not making any more money.
If you want to maximize your earnings, it's best to price your book at the lowest possible price. Since people will always be willing to pay more for something they can't get elsewhere, you should aim to make your book as attractive as possible. For example, if you can write a good title that makes your audience curious about the content inside, or offer a unique experience when reading your book, they'll probably be willing to pay more for it.
You should also consider what other options are out there if your book isn't that special or doesn't fit into one of the current pricing categories. Maybe you can bundle it with other books or offers by providing free content along with your purchase? There are many different ways to go about marketing your book without breaking the bank, so use what works for your situation and don't be afraid to try new things.
In conclusion, keep in mind that your main goal should be to find a reasonable price range within which you can make some money.
At the same time, keep in mind that pricing your ebook higher implies you might make more money by selling fewer volumes. Generally, if you plan to sell more than 100,000 copies of your ebook, then the price should be at least $14.99.
With so many different options available, it's easy to lose sight of what makes an ebook unique. In other words, how will people know that your book is worth buying? The best way to figure out the value of your work is to look at what others are doing with their books. Use some common sense too. If you can find free samples online or in print, the price can't be that high.
The average cost of an ebook is around $3. However, if you want to sell more books at a higher price, then go for it! As long as you don't undercut any major competitors, you should be fine.
Copyright © 2020 - 2023 Authors Cast Inc.
