| |
Most authors finish their books, publish them and price them anywhere from 2.99-4.99 and that just isn't the right approach. We all want to make money but it's all about being patient when we are publishing so that we can grow an audience of readers that LOVE our books.
Our suggestion? Do your research in your chosen niche/category and look at the prices of books inside of the market and price your books accordingly. You're more than likely going to price your books at $0.99. Now I know your probably thinking “$0.99? How am I going to produce six figures at $0.99?”
See when you’re first starting out it's all about building your audience first, so in the background you will be building your list as well and we will dive into that in later lessons.
The power in that though is while your selling 0.99 cent books you're building your list and that gives you the power to send them new book releases every time you have a book published. Now that's power.
Power Tip: In the beginning, it's all about getting as many subscribers as you can and building your readership. It doesn't make sense to publish books for the purposes of quick cash because that's not how empires are built. That's how sand castles are built and those are easily blown away by the sea.
We are after long-term success not short gains. Focus on building your following so when you are ready to sell books at higher price points you already have an audience that loves your books and are ready to buy and make you rich.
However, the trend in your market is going to determine your book price because readers are already trained to purchase books in that specific market at those specific prices. You can't run in the market thinking you own it because that's not how money is made.
So, do your research and find those bestselling authors you're modeling and pay attention to their price points. Tomorrow we will be moving into our sixth lesson on page lengths and how many words and pages you should be writing according to your market expectations. (In other words what your market requires in order for you to perform well and meet the reader's expectations.)
––––––––
Each lesson comes with a complimentary YouTube video for visual learners
———>Click Here To Learn How To Price Your Books and Meet Market Expectations
