eBook Pricing, or how much is your eBook worth?

For those that have been around since the beginning of Self-Published Author’s Lounge you know that I’ve never posted more than once a week and never one day after the other, but today is different because after reading the comments on What Do you Think is a Fair Price for an eBook? I really wanted to post these links and I didn’t want to wait until my next scheduled posting date. 😀

I know that eBook pricing isn’t a simple thing. Deciding how much your book is worth can be a practice in patience. So how do you find the eBook sweet spot? Rather than repeat what others have said about eBook pricing, I thought I would post the links to their articles.

“…Writing fiction is my living. It’s what puts food on my table and pays my bills. If I ever can’t make a living doing it, I have to STOP doing it, and go do something else. This is not complicated. If we lived in some free hippie love culture where money didn’t exist, sure, I would write for free, just to share my words and be thrilled doing it. I’m not “in it for the money”. I just “need the money” for it to be worth it in the world we live in for me to put so much effort into entertaining you…” Ebook Pricing: Or… Where Zoe Says Something About Publishing

“…Naturally, people would rather pay less for something than more. And in a digital world, like we’re rapidly becoming, consumers have shown consistently in other forms of media that they place less value on downloads than on physical products…” The Value of Ebooks

“…But what to set the price at? Is Joe Konrath right about the $2.99 price for a full novel? But I heard another author got great sales on a full novel at 99 cents. And yet another getting great sales at over $6.00 prices. Authors are confused because up until this time in history, setting a book price was never a question they had to face…” E-book Price Post Redone by Dean Wesley Smith

…Halfway through the month I lowered the price to $2.99 and then to $0.99. Did I sell more books? Yes, I did…Now, you could argue that more books sold will create a larger pool for the “word of mouth” that you hope will spread the news of your great read. And for authors with a large back list–those who are able to put out many titles simultaneously–that strategy is certainly one worth taking a look at because they have the advantage of volume… Guest Post by Elle Lothlorien

So how do you find the eBook sweet spot? Well, no one author can tell you that, because like reading, pricing is subjective. But we can share how we would price our books. Until the end of February all my books have been placed on sale for $.99, however, my usual pricing guide is:

eBook Price eBook Length
Short Shorts FREE Under 6K
Shorts $0.99 6,000 to 12,000 words
Short Stories $1.99 12,000 to 20,000 words
Novelettes $2.99 20,000 to 30,000 words
Novellas $3.99 30,000 to 50,000 words
Novels $4.99 50,000 to 75,000 words
Super Novel $5.99 75,000 to 140,000 words
Super XL Novels $6.95 140,000 to 250,000 words
Super XXL Novels $7.95 250,000+ words