I'm in over my ears again this morning. On the writing front, I'm deeply into a series of Frogmore chapters on proposed land sales that took place in South Carolina in 1863. I pounded out over 2700 words yesterday, but the discussion is still in its early stages. I'm hearing conversations and arguments in my head, and I need to get them down before they fade away.
However, I also have to go to a Chamber of Commerce meeting to set up a "mini-expo" for our Lions Club Pecan Sale this morning. That ties me up from 10 until 1. And after that, I must try to straighten out the confusion surrounding a book talk in South Carolina that the planners wrote into their schedule but forgot to tell me about. Arrrgh!
So, to keep you occupied, I thought I'd pass along an interesting bit of statistics. More conversations are breaking out in writers' groups about the whole question of pricing ebooks on Kindle. Every side has its advocates. Book publishers recommend high-end pricing (naturally), while self-publishers like me testify to the benefits of low-end pricing. Finally, some folks are getting around to analyzing the question statistically. The most conclusive bit of analysis I've seen is this simple graph done in mid-2010.
Here's what this shows. If you have a book priced on Kindle at $1.99, you can expect to sell 1200 books, and you receive 35% of the cost. That amounts to $840.00 in your pocket. If you price the same book at $9.99 (the publishers' standard), you can expect to sell 75 books and receive 70% of the cost. That's a blazing $52.00. Why is there any question about all of this?
The link to the full article is here: http://www.evilgeniuschronicles.org/wordpress/2011/01/12/ebook-pricing-vs-revenue/ It's well worth reading.