How to Price my ebook

How to price your eBook. How to price it indeed! Well, you are free to price it at any price you want. From $1 to $1000+. But like you've pointed out, over price it and you wont get many sales. Under price it and you might somehow devalue it. And after all, an eBook is just basically content. Although that content can help the buyer/reader to somehow do something or better and improve their life in some way. So that has to be priced at a fair and reasonable price. But really, how can you put a price on improving and bettering someone's life? Well in fact, people pay very good money just for that. Whether it's hiring a life-coach or a Yoga instructor. Namaste!

So really, you have to price your eBook according to the value you put on it, the time and work you spent working on, the amount of content that's within it (based on what you'd might usually charge for that much content) and based on the value, you believe, it could have in someone else's life that was to buy it and read it and put the information inside it into practice in their own life.

As a rule of thumb guide, if it's just a fairly short eBook of around 5-10 pages. And you didn't spend more than a week working on it. Then you could expect to sell that from $5-25 and those types of eBooks usually do sell for that much. But for eBooks that have many more pages, from 50-100+ and you spent a long time working on it. Then you could price that at around $50+ or more. Depending on how much you value the information inside it and your time, blood, sweat and tears that went into actually writing and creating it.

Really this kind of thing is a hit and miss and takes some practice to get that right price and just a matter of experimenting. Use the above as a general sort of guide of valuing up a price. Start high though at first and then drop the price later or offer a discount if they've already purchased one of your other eBooks before..

Thanks for your input Mike, I've decided to play around a bit and I've put my ebook on sale for $5 on all the Ionicware sites for the next 2 weeks just to see what happens and I've let my subscribers know that

My website traffic is also growing big time which means lots of people will be clicking through from my website in the next two weeks too.

It's your creation you can do whatever you want with it but I do think is fair play to have the same price all over the internet, people tend to search for titles, author as well as description when buying ebooks so you won't want LD buyer to find the same book at a much cheaper prince somewhere else.

I think you need to keep it accessible, 15 bucks is not a lot but I would round it up, like 20 or 10, whatever you think goes better. Oh and yeah, nobody will get upset over $0.01 so $9.99 won't be a problem for Smashwords.

Yes that is what I believe too, it won't be right to have such a huge price difference for the same book all over the web

I've put it on sale here on all Ionicware sites for 2 weeks and made the price the same on Smashwords for now so I will see what happens

Hey Lynne!

$3,99. Really? - That's what I would probably sell "review copies" for, if I where you.. But I still think it's a bit too cheap. A review copy is basically the exact same product as you would sell for the "full price" but you'll state something like this:

*Review Copies includes everything.
Please leave your honest review after purchasing the review copy.

Hi Andre, thank you so much for your feedback, it is truly appreciated. Yes I totally agree with you that underselling myself is just silly, I commented on your post recently about that!

I'm just second guessing myself, I do this a lot! Maybe I will play around a little and offer sales on my ebook first and just monitor my success.

I know what you mean Lynne, I do that often too. Especially if I've had some success and generated multiple sales quickly and they've stopped for a few days.. That's when the real thinking begins. I've probably been where you are right now, or at least in a similar situation and the best advice I can give you is to take it slow, ride out the storm so to speak and let things evolve in it's own pace.

Take a deep breath. Monitor your sales. Offer a discount for starters perhaps, before you decide to lower the price.

Getting to know what other sellers of ebooks price theirs is a tip on how to go about it. It is not easy to do, but find ut or send a spy to check how their pricing method works.