Episode 254: Ebook Pricing Strategies

In this week's episode, we look at five tips and tricks for optimal ebook pricing. This coupon code will get you 25% off the ebook versions of my Tower of Endless Worlds series at my Payhip store: TOWER25 The coupon code is valid through June 30, 2025. So if you need a new ebook this summer, we’ve got you covered! 00:00:00 Introduction and Writing Updates Hello, everyone. Welcome to Episode 254 of The Pulp Writer Show. My name is Jonathan Moeller. Today is June 5, 2025, and today we are looking at ebook pricing strategies. Before we get into that, we will do Coupon of the Week and have an update on my current writing and audiobook projects. First up is Coupon of the Week. This week's coupon code will get you 25% off the ebook versions of my Tower of Endless World Series at my Payhip store, and that is TOWER25. And as always, the coupon code and the links to the store will be in the show notes. This coupon code is valid through June the 30th, 2025, so if you need a new ebook series to read this summer, we have got you covered. Now for an update on my current writing projects. As of this recording, I am 53,000 words into Shield of Power, which will be the sixth and final book of my Shield War series, and that puts me on Chapter 13 of 29. I feel like the book is going to be between about 105,000 to 110,000 words in rough draft, but we will see when I get there. I'm hoping to have it out before the end of June, but there's a good chance it may slip to July, so listen to this space and watch my website for updates. I am also 104,000 words into Stealth and Spells Online: The Final Quest, which as the name implies, will be the third and final book of the Stealth and Spells trilogy. I am right in the middle of writing the climactic scenes of the story and because of the length and how far I've gotten and I've been chipping away at this since October, it will come out very quickly after Shield of Power, possibly even in the same month. I'm also 5,000 words into Ghost in the Siege, which will be the sixth and final book of the Ghost Armor series, and that should probably come out towards the end of summer, if all goes well. In audiobook news, Brad Wills is recording Shield of Battle and Hollis McCarthy is recording Ghost in the Corruption right now. I know they're hard at work at it because both of them sent me emails with questions about pronunciations today. Hopefully we'll have some exciting new audiobooks for you later this summer. 00:02:12 Main Topic: Ebook Pricing Strategies [Note: All Prices Referenced are USD] And now let's move right into our main topic, ebook pricing strategies, which is often a contentious topic for indie authors. We're going to go over five different ebook pricing strategies to look at when they're the most effective or why you might want to try them. I'll talk about when I have used each of them and why I chose to do so or not to do so, as the case might be. As I said, this is often a contentious topic for indie authors, especially newer indie authors who often have in their head an idea that their book is worth X amount of dollars because the amount of work they put into it, like for example, “my novel should be a minimum of $9.99 or $14.99 because of all the work I put into it. It was a year's worth of work, and if you can buy a fancy latte at Starbucks or $6 or $7 or whatever, then you should be able to pay $9.99 for this novel upon which I toiled for a year.” And that is a nice sentiment, but in reality it doesn't work that way for a couple of reasons. For one thing, people are only willing to drop that kind of money on authors that they've known for a long time, like hardcore Stephen King or James Patterson or Jack Reacher fans dropping $20 or $30 for the novel in hardcover when comes out the first time. That kind of loyalty has to be earned over the long term, and if you're brand a new indie author or a newish indie author, charging $9.99 for your ebook is something of an ask. For the second thing, an ebook is not a physical object, and there is a point where people blanch at paying a lot of money for an item that is essentially electronic and digital. If you're paying $9.99 for a paperback, at least you're getting the paperback, the physical object. Paying $9.99 for something utterly intangible like an ebook is a much harder sell. Because of that, the optimal price point for ebooks tends to be a bit lower than that. For the sake of not adding too many caveats to each point based on genre and format, let's assume for each of these strategies, the ebook we are pricing is a fantasy novel of about 90,000 words without any maps or images and is not being traditionally published by an established author. In an interview, Smashwords founder Mark Coker presented data from Smashwords that showed most indie authors selling full length fiction will see the most success setting their ebook prices at either $2.99, $3.99, or $4.99 (depending on ...