I have done a study on the pricing of the twenty-five best selling fiction e-books listed in Sunday’s New York Times. The pricing is not shown so the results of my study are from Amazon.
My media consultant, Christine Rose, has suggest that the price of my e-book novel is too high at $9.99. So, even though I am not on any best seller list, I though I would see what price it took to get on a best seller list.
Of the twenty-five listed, all except two are priced from $7.99 (seven) up to $12.99 (seven). The two others are the number one best seller at $4.17 and the twenty-fifth at $0.99. The lowest ratings were three stars for #four and #five. These two are selling at the high price of $12.99.
The question is: Does the $0.99 price help get “Saving Rachel” on the best seller list? It probably does, since the book is only rated at three and one half stars. But a high price doesn’t seem to drive away buyers. However, I am considering lowering my price. I don’t expect this to get me on the best seller list.