You're probably tired of this by now, but I wanted to give another update on how things are going for me this month, with my 99 cent price experiment. If you remember, to match my best month in sales priced at $2.99 I need to sell 32 books a day priced at 99 cents.
I just sold my 800th book for this month. Since it's the 20th, it's easy math. I'm averaging 40 sales per day. Now, the first four days of the month were fantastic, and it did slow down from there. So, I calculated out just the 5th to the 19th to get a more accurate picture of what my average sales per day are. In that snapshot I averaged 32 sales a day. Right were I need to be to tie my biggest money maker month. Yay!
Now, I want to address the issue of "cheapening" by work by selling my book at only 99 cents. I know some people think it devalues my novel, or conditions people to expect a low price for my future works. I don't take much stock in that thought.
I'm a totally unknown author. People don't know my name, they don't know if they like my work. If I can get several thousand people to try my book, and they do enjoy it, they'll pay more for future books. It's a marketing strategy, and in my case, it's working.
Now, I don't know how many people buy my book and add it to an already long to be read pile. But I do know that some people are reading it. I'm getting feedback from people. I'm getting reviews. More people are joining my Facebook fan page. (Yay!) So I know that not everyone is buying and not reading.
Which is fantastic. When I get an email telling me how much someone enjoyed my book, it makes all of this worth it. :)
Vicki
Showing posts with label price experiment. Show all posts
Showing posts with label price experiment. Show all posts
Wednesday, October 20, 2010
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