0.99p, My take on the Cheap pricing of kindle books (indie books)

Hello again

Turns out this blog thing is quite fun!

I was looking through amazon kindle books and was reading the 100 paid charts. Now seeing I'm soon to be releasing my book on amazon to a fan base f zero (That's why i'm starting this website) i want to arrange a good price for my book. One that will show its value while being worth it to the people (you guys) and me (My bank).

Now i know that its taboo for some one to talk about royalties but here goes nothing:

I want my book to be as low as possible price wise, so i can get in the "cheap" sales and people can stumble on my work and think "what the heck, the sample is good and its cheap, lets roll!" but i obviously want to be able to make some money seeing i have no "real job" and it would be nice to fulfill a dream, bla bla bla!

my ideal price would be 0.99p, because i think that's a pretty cheap price, yeah it sucks because you think to your self "man i spent all that time writing this book and now i'm selling it for 0.99p" well i completely understand that price is king so i don't mind so much BUT When i checked how much royalty ratio id be getting for such a price 99p quickly turned into ........ 26p! Wow man, what a bitch, that sucks pretty hard ya know!

Then i did some calculations and even if i sold 10000 copies (which would be epic & is a good number to aim for seeing kindle is a large market) i would only make..... 2600 ODD POUNDS!

So i'm sorry for being blunt here people, but selling a book to 10 000 people should not only be an amazing feeling but it should also make you at least a years minimum wage salary (that's what i aim for, make a living off what i do, if i can get higher then minimum wage, then its just a bonus, i am not a get rich quick guy, but ill settle for rich guy any day, people who say other wise are full of...)

To cut to the chase, I am not selling the book for 99p folks, sorry, i know that money is tight these days, but i thought if i was to explain why i'm doing what i'm doing then maybe you will forgive me for such a price hike! The book will be.... wait for it.....dam......its.....so.....hard....to....say.....£1.49! know this, I did not want to go over price to much seeings i'm unknown but if it means the difference between making a living and giving amazon near 60% of my book price, then i think you will understand that me going 49p over the "indie success" price is a must.

I'm also under the impression that price is not that much of an issue. I mean if the book is good, and the sample grabs the person, i would of thought that their lust to carry on reading would not go away seeing the book priced at £1.49.

"oh my god, how dam expensive" is what i usually say when i see "pro" authors kindle books at £5.99 and can nip in Tesco and buy the same book for £3.99 with pages!

I thought i'd vent because that's what this blog is for, i can promise you people that my books will never be over £2.00 just because i know what its like to be on a budget, and reading is all about pleasure not spending the Benjamin's. Plus with a book at £2.00 (judging the royalty ratio doesn't get changed) would still get me to make £1.00 plus on every sale, per download, per sale, that would make a huge difference and way of living, even if my book was not selling millions, but 10's of thousands, id still do this for ever (maybe id have to release 2 books a year! hahah) but id still do it!

thanks

p.s

Buy my book when it comes out! Nah i'm just kidding.... No i'm not..... shut up Luis, your gonna scare people..... what people......exactly.....

Thanks again.

Luis

xxx