How To Set Price For Your Self Published Book

How much should I charge for the book?

Will it sell at this price?

Am I pricing it too low?

Will I be able to make profits selling my book?

These are the questions which usually goes through the minds of every self publishing author. If you can plan to just market yourself through your book then you can price it at the cost price per book but most self publishing authors look for profits  from their books. Here are a few things that you should keep in mind which will help you in setting the right price on your book:

  • First and foremost calculate the total production cost and divide it by the number of copies to get the cost per copy. This cost should include each and every cost incurred from conception to printing even travels you might have undertaken to publish it.
  • Books are usually priced 2.5 times their production cost as it includes your profit as well as a good margin for the retailer which will be around 20%. This will ensure that even if half your books sell you recover the total sum spent on the book.
  • The pricing of the book will also depend on the physical traits of your book like quality of paper, size, printing and binding. If you plan to cut on the production cost of your book you can bring it down by altering any of these elements.
  • If your book has to compete with another in the market, it should be priced same if not less than your competitor’s book to ensure it has a competitive advantage.
  • If you are planning to sell your book in sites like Amazon, you will need to price it a substantially higher than the production cost as most online portals showcase a book with a discount and charge a huge percentage as service charge.
  • If you are planning to promote your book, you will need to spend money on the promotions. This should also be included in the production cost of the book.

A good self published book needs good printing and you will need to hire a good printing service provider.

Self Publishing Book Tips: Where To Find Your Best Ideas

Tips on where to find your best self publishing book ideas are extremely valuable to any potential self publisher. There are several reasons for this. One is the fact that effective book marketing starts with the central idea or topic of the book. Choose a lousy boring idea and selling your book will be virtually impossible. Select a hot, high demand self publishing book idea promising valuable tips nd your work becomes much easier.

An excellent place where to start searching for the best ideas for your self publishing book is with comments left at your blog which is always a gold mine of tips and ideas. This means that even as you consider what kind of self publishing book to do, one of the first useful tips you should implement is to launch a blog. Blogs are probably one of the most powerful research tools ever invented and you will be able to quickly discover what particular aspects in the general idea that you are considering interest your target market the most.

Your emails are yet another gold mine of ideas and useful tips for your self publishing book project. Always remember that folks are interested in solving their problems and if your self publishing book venture offers them the tips and solutions, then it will almost market itself.

Best Self Publishing Book Promotion Idea

Creativity is the key to discovering the best self publishing book promotion ideas. The truth is that good self publishing book promotion ideas will yield the best results and enable you to swiftly make a huge return from your investment.

One of the best and most effective self publishing book promotion ideas you will ever come across that of publishing parts of your book in the form of brief useful articles that can be distributed via leading high traffic article directories on the net. Done properly, this free promotional method has the potential of enabling you to sell tens of thousands of books without the help of any other promotional method. To start with good articles usually enjoy an amazingly swift viral effect where they quickly get re-posted at other sites and blogs all over the World Wide Web.

So it is possible to start off with your best self publishing book promotion articles posted at one or two sites and end up in a situation where they get re-posted in thousands of other sites. If your resource box has a link pointing back to your main book web site or blog site, then this could result in huge targeted traffic that is your potential market constantly flooding at your site.

This innocent-looking simple idea is one of the best, most effective self publishing book promotion ideas I have ever tried out.