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Basically, I would like to know what's the optimal price for ebooks published at Amazon (via Kindle Direct Publishing.) By "optimal" I mean the price that is more likely to generate sales.

I'll try to be as specific as I can:

Novel

  • 60,000~70,000 words
  • Literary Fiction
  • Self-made cover

Novella

  • 20,000~25,000 words
  • Literary Fiction
  • Self-made cover

Short Story

  • 9,000~10,000 words
  • Literary Fiction
  • Self-made cover

How much should a new author charge for the cases described above?

(I published a 7K word short story before, and left it as $0.99. But I heard somewhere you should never sell yourself too low?)

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It depends a lot on your marketing strategy, and on your particular niche. A common strategy is to price "reasonably" (compare to other, similar books), but on occasion offer a significant price drop (spurring surges of interest). –  Standback Oct 1 '13 at 9:59
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2 Answers

up vote 3 down vote accepted

Dean Wesley Smith famously advises against pricing anything at $0.99. That's the discount bin. It tells buyers that it's a cheap read, not that it's a good read.

Why not price your book as if you expected readers to want it?

Here is a bunch of advice from Dean about indie pricing: http://www.deanwesleysmith.com/?tag=pricing

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I don't see many people paying even $0.99 for a single short story. There are many very good novels for $5 or less. More than people have time to read. OTOH, a collection of good short stories can be better than a novel. But maybe I'm cheap. I don't understand why anyone would pay $1 for a single song off an album. Yet lots of people do.

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