![]() ![]() After all, these services are where charges come from.Īs you may already know, Amazon is one of the largest companies in the world. What Are Amazon Digital Services?īefore we get to what an Amazon digital charge is, it’s important to know about the digital services that Amazon offers. This guide will explain what an Amazon digital charge is, plus everything you need to know to make well-informed shopping decisions on the platform. If it says “AMZN Digital” on your statement, it’s short for Amazon digital charge.īut what is Amazon digital charge? And why are you being charged? While Mill City Press won’t set your ebook price for you, we’ll provide you with the tools and information you need to price your ebook competitively.One day, a random charge from Amazon on your bank account statement pops up. If you’d like to establish a readership, however, pricing your ebook lower to gain traffic and new readers through impulse buys might be a better option. If you have an established group of people who will buy your book, you might be able to price your book higher within the range of similar titles. Price can also depend on your readership. If the price is too high, people might not take the leap. If you price too low, people might think your book is subpar. Don’t automatically go for the lowest or highest price, however. How much other authors are charging for their ebooks can narrow the choice for your ebook. It’s time for some research! Search for books in your genre and compare ebook prices. Still haven’t decided on a price? The next section might help. Think: “you get what you pay for.” For example, a reader looking at a 99-cent book and a $2.99-book may go with the more expensive one because she thinks it’s going to be a better (professionally written and edited) book. There’s also the psychology of pricing and how it relates to quality. Just keep in mind that going too high as a debut author might mean fewer people take a chance on you. After all, it takes more time and money to write, edit, and publish a longer book, and you should be compensated accordingly. Longer books should almost always be priced higher. If your ebook is short, but it entirely changes a person’s life or it teaches someone how to make millions, people will be willing to pay a higher price. And if you’re an established author, your built-in fanbase will often be willing to pay more for your books because they know you can deliver.įor nonfiction, especially self-help and business books, the length of the book matters less because it’s about the value your content provides. This means an ebook under 50,000 words priced at $2.99 might be considered too expensive on Amazon, but may sell well on Kobo. The word generally is important here because some retailers, like Amazon, attract bargain hunters, while others (e.g., Kobo) don’t. With fiction and some creative nonfiction (e.g., memoirs, personal essays), this means that ebooks shorter than 50,000 words are generally expected to be priced under $2.99. Readers expect shorter books to be priced cheaper. ![]() (All amounts rounded to the nearest dollar.) List Price Here’s what your approximate royalty would be. At the same time, though, it’s important to realize that pricing your ebook higher means you could make more money selling fewer books. In fact, the most commonly purchased ebooks range from $2.99 to $3.99, with $3.99 being most popular. At the same price, you’d receive $2.09 from an iBookstore sale, $1.94 from a BN.com sale, and between $1.20 and $1.64 for other retailers.Īnd since you’re probably wondering, we should point out that by distributing your book to these sites, you have to agree to sell the book for the same price everywhere, so you can’t sell your book for $2.99 on Amazon and more on BN.com to make up the royalty percentage difference.īecause Amazon and BN.com provide higher royalties for books priced between $2.99 and $9.99, this is good price range to stay in. If your book on Amazon is $2.99, you get 70% of $2.99, or about $2.09. Other factors, such as delivery costs and the country or territory an ebook is purchased in, affect your actual royalties. This chart illustrates the differences, with the percentages indicating how much of the price you’ll receive: List Price Book royalties are a percentage of the ebook’s retail price, and that percentage changes depending on the online retailer and the list price. You make a royalty on each purchase of your ebook. Unfortunately, there’s no one-size-fits-all answer, but the following is what you need to know to make an informed decision.įactors that affect pricing an ebook include royalty percentages, your ebook’s length and perceived quality, and the prices of other books in your genre. Before you distribute your ebook, you’ll have to make a big decision: how to price the ebook.
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