Tag Archives: ebooks

Thoughts on Publishing – Pricing the Novella

Today, let’s talk business: What are you willing to pay for a novella?

When I went to ConQuest, I knew full well that I planned to fork over twenty bucks for a hardback copy of a book that contained two of Brandon Sanderson’s novellas. Sure, they’re available for purchase in ebook format for considerably cheaper, but having the hardback is nice, and I’m a fan of his work. (A note here: I’m the kind of person who likes having a hard copy, be it paperback or hardback. I’ll happily read non-fiction pertaining to publishing on my Kindle, but I have a difficult time reading fiction.) Anyway, I got the book signed at the convention, and I’ve read one of the stories (Perfect State) thus far. Even though I haven’t read the second one yet, spending that twenty dollars was worth every penny.

But not everyone is going to feel that way, and not for every book.

From the business perspective, I’ve got to figure out what readers are willing to pay for each book. Do I want to come up with a single, standard price range, or price them individually, according to length, genre, and various other factors? I don’t have the advantage of hiring a super-awesome illustrator for the cover art, or a top-of-the-line editor to make sure there aren’t typos. Not to start with, anyway (though I’ll sure do my best to find as many typos and errors as I can before I hit ‘publish’). Can I  make sure that the stories are the best they can be? Can I make sure that they are worth a reader’s hard-earned money?

I’ve determined that The Wishing Blade will be a series of (probably three) novellas. I’ve got the first one written, and it’s going through the process of being beta-read. Now the question I’m pondering is this: What should I price this novella, once I’ve completed edits and created the cover art?

On one hand, it’s a novella, so it’s not as long as a novel. I’m not sure how much money readers will be willing to spend, especially for an unknown author. While I do have several free pieces of flash fiction available on Smashwords, the style of writing varies, so it is unclear how many readers who download the freebies will be interested in the paid stories. I can’t price the stories as high as someone who already has a fan base. On the other hand, I’m trying to start a business. Which means that I actually need to be making money. The joy of self-publishing is that I get to wear two hats. I’m the creator, the author, and I’m also the business woman. So… provided that the stories are of a decent quality: engaging, not many typos, decent formatting, and good cover art, what should a novella be priced at?

I’m mostly going to look at Kindle’s (non-Select) pricing strategy, but I intend to sell on Smashwords as well:

99 cents: Not necessarily a bad spot for a short story, and many authors offer their novels at 99 cents as a way to promote their other works. However, the 99 cent price range only offers 35% royalties (I think it’s closer to 50-60% royalties on Smashwords, given that my “Ashes” short story, priced 99 cents, earned 56 cents after a Smashwords 10 cent cut and 33 cents transaction fee). The downside of this range is that people may pick up a 99 cent book on a whim, then forget about it because of the “it’s only a dollar” mentality.

$1.99: Long considered “the dead zone” in ebook pricing. I read a Smashwords report showing a trend of $2.99 vastly outperforming $1.99, and 99 cents doing just a bit better than the $1.99 range. Also keep in mind that Kindle only offers 35% royalties here. Not a lot of incentive to try this range, though I’ve seen trade publishers discount higher priced books to $1.99 on Book Bub. However, without actually testing this price range, it’s hard to say how well it performs for a specific story.

$2.99: Seems a bit high for a novella, with so many novels selling for $2.99, but is it? (See below list of example novella prices). At 2.99, Kindle authors get 70% royalties.  That’s around $2.00, versus 70 cents from pricing at $1.99, or 35 cents from pricing at 99 cents. And technically, if you hope to sell your novel at $4.99 or $6.99, that’s not too bad.

Now, one catch here is that I’m currently looking at the US dollar pricing. I haven’t even started to look at the UK or other territories. I’ll have to decide whether to try the retailer’s automatic price comparisons, or take a look at what’s selling in those stores and price it directly. This could be a bit difficult, though, given that the Amazon sites for other territories doesn’t show much what price they’re selling at. (Feel free to chime in with your thoughts on pricing, regardless of what currency you buy books with).

Here’s a few examples of novella length ebook prices in USD, from both independent and trade published authors (Note: I haven’t read all of these, I just did some research):

  • Perfect State by Brandon Sanderson sells for $2.99. I think it classifies as a novella. “Mitosis,” a short story from his Reckoners series, sells for $1.99.
  • Fairest by Marissa Meyer sells for $9.99 (46,600 words per Renaissance Learning)
  • The Invasion (an Animorphs book) by K.A. Applegate  sells for $5.99  (33,000 words per Renaissance Learning). Novella length, though meant for a younger audience.
  • Out of the Storm by Jody Hedlung is offered for free on Amazon. (The description suggests this is an introduction to her Beacons of Hope series).
  • Icefall by David Wood sells for $2.99 (approximately 30,000 words per article about the novella, and per Smashwords).
  • Elixer by Jennifer L. Armentrout sells for 99 cents (part of The Covenant Series).
  • Peacemaker by Lindsay Buroker sells for $2.99 (40,000 words, per her blog post).
  • Better World by Autumn Kalquist sells for $2.99. (A prequel novella to a novel series).

By the way, Renaissance Learning is great for finding the word count of books, especially middle grade and young adult. http://www.arbookfind.com/default.aspx

One of the textbooks I was reading recently, which focused on small business management (never mind that it’s from the earlier 90s), talked about the perception of value when marketing a product. There were two factors considered: quality and price.

A note on the chart below: an unknown indie author does not mean low quality, simply untested. Unfortunately, many people still perceive self-published books to be of low quality, whether they are or not.

High quality and high price: Serves clientele with expensive tastes. (Think of a Big 5 publisher selling an ebook for 13.99 from a big-name author).

Low quality and high price: No one buys the product, because the perception of value around it is muddled. (Think of an unknown author selling their ebook at $13.99).

Low quality and low price: “Cheap.” Not highly valued, but considered a decent price. (Think of how 99 cent indie novels are often perceived).

High quality and low price: “A good deal.” (Think of a Big 5 publisher running a $1.99 ad in Book Bub for a regularly $9.99 ebook).

So, at this point, I’m thinking of making Magic’s Stealing available for $2.99. It’s currently sitting at 30,000 words.

I hope you enjoyed this post. 🙂 What are your thoughts and experiences in the matter?

If you’re interested in further reading on the subject, these are a few of the articles I read while doing my research:

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Thoughts on Publishing – Author Central and Kindle Keywords

While at ConQuest last weekend, one of the panels I attended focused largely on ‘Navigating the Amazon.’ One of the points the panelists made is that sometimes the best way to make Amazon work for you is by not focusing too much on how to make Amazon work. Essentially– don’t get caught up in the minute details of using the algorithm to push books to the top or mass produce downloads. The algorithm changes constantly, and really, if we spend our time writing the next book, that will help us increase our sales– since we can’t sell something we don’t have. That being said, there were a couple important Amazon tips that the panel offered: the use of Author Central and a note about Kindle keywords.

First– Author Central. It’s a handy tool Amazon uses to collect all the work of one author into one spot. You’ll need to set this up yourself, but it’s ridiculously easy. The landing site can be found here: https://authorcentral.amazon.com/ You log in using the Amazon account you have, confirm your email address,  then fill in the extra information about yourself as desired. I added an author photo and bio, and connected my twitter feed and WordPress blog. For the blog, it asks for an RSS feed. I copied my WordPress blog address and added /feed at the end of the URL, and it appears to be working. I then added my books, which was as simple as typing in my name and clicking on the button that said ‘this is my book.’ I was even able to add 1000 Words, which is under my maiden name. Both books are now connected to my author page, which means that anyone who likes one story can easily find the others. It’s a really great way to make it easy for potential readers to find your books. No hassle.

The panelists pointed out that the nice thing about Author Central is that once you set it up, you can pretty much leave it alone. The caveat is that you may need to add each new book to your page when you release the book, but it’s super easy to do, and takes hardly any time at all. And since you can connect the author page to your blog and twitter, it’s really easy to drive readers to your other sites.

I hadn’t realized Author Central would be this easy to set up, but I’m glad I heard about it. Plus, it looks kind of cool seeing the page with all your info. Makes it feel more ‘official.’ When I signed up, Amazon said the page could take up to a week to go live, but the page was up within a few minutes for me. Not bad.

If you want to see an example of an author page, you can see mine here: http://www.amazon.com/author/stephanieflint Or you can look up your favorite authors and see if they have a clickable name under their book title. If so, they might have an author’s page. 🙂

As a side note, Author Central offers you the option of creating a short URL for your author page. You only get to choose the URL once, so you might not want to rush, but I went ahead and selected my name since I don’t plan to use a pen name or nickname. (See above for example link).

Now, I’m not sure how pen names would work, but I’ve heard there are ways to separate pen names in Author Central. Might be worth looking into if you plan to use more than one name.

Author Central not only organizes your information for readers, but also provides information to you as the author, in regards to how and where their print books are selling, sales rank, author rank, and recent reviews. You do have to set up your author page separately for each of the different countries available, if you want the page available in more than one area. I’ve created the page for the UK, but I haven’t tried the other ones. Not sure I want to accept the terms of service without at least skimming the contract, and while I can recognize a few words in French, I don’t even no where to begin on the other languages.

As for keywords, the panelists brought up something else I hadn’t paid attention to. In regards to uploading a Kindle ebook via KDP (Kindle Direct), you have the option of including seven keywords. I knew that, but here’s the kicker. You have the option to include seven keywords… including phrases. Since Ashes, my YA sci-fi romance, hasn’t really recieved much interest through Kindle, I decided to swap out the single keywords with mostly phrases. Each relate to the book, but since my main keywords were already included in a phrase, I tried out a few combinations I wouldn’t have tried before. It may not do anything helpful, but it’s worth a shot.

Which is the other important thing the panelists said. Don’t be afraid to experiment. If it doesn’t work, well… try something different.

And that’s what I plan to do. Hopefully this post was helpful, and please let me know if you want to see more of this kind of information. 🙂

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Dangerous Denial – Cover Reveal

This is a cover I edited for Barking Rain Press. In this case, they already had the main image they wanted, and they had the cool text placement in the cross hairs. However, they wanted me to do the final touches and adjust the sizing and such. So, after a bit of playing around with effects, I ended up playing the the motion blur and radial blur filters to add a sense of movement and disorientation. I also played with blurring and retouching the background so our main focus would be on the woman, and I played with the overall lighting. This is the end result. 🙂

SBibb - Dangerous Denial - Book Cover

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A Burning Hope – Book Cover Reveal

This is another cover for Melange Books, for a fantasy short story.

SBibb - A Burning Hope - Book Cover

 

The author and I went through a few slight variations, debating how to get the swamp to look right and where the best place to put the fire was. I also tinkered with lighting to create the mood we wanted. One thing to keep in mind when doing covers is that lighting, and using strong color contrast, can help attract the eye to the image.  Another trick to keep in mind when looking for stock photos is that you might look for something that already has some photoshop done to it, then tweak it further to suit your purposes. In this case, I found the ‘monster’s’ eyes already partially edited. But, because the monsters are supposed to be blind, I did additional photoshop to create the final look.

Stock photos from: Dreamstime.

http://www.dreamstime.com/stock-images-floating-fishing-village-image26604324
http://www.dreamstime.com/royalty-free-stock-photography-boat-fog-image12261557
http://www.dreamstime.com/stock-photo-fire-image16068630
http://www.dreamstime.com/royalty-free-stock-images-horror-blindness-image20380689

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Ashes – Free on Smashwords Today and Tomorrow Only

Heads up– if you’re interested in my 1000 Words short stories, “Ashes” (a spin-off prequel for “Socks”) is available for free on Smashwords today and tomorrow as part of their Read An Ebook week. After that, it goes back to its usual .99 cent price. 🙂

https://www.smashwords.com/books/view/249071

 

When rebels attack the city, two teens race to save the last existing library before it is destroyed.

SBibb - Ashes Cover

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1000 Words: Name change on Smashwords

So it turns out you can’t have two pen names linked to a single Smashwords account. The result is that I’d either have to create a second account for Stephanie Flint, or change all the covers and copyright info on the previous books. Seeing as how I wanted to keep “SBibb” for the account link, I decided to change the covers.

Overall, it might’ve taken a couple hours. Luckily, most of the covers had layering where I was able to just change my last name with a couple modifications, and Photoshop CS6 (loving the new save function) is helpful with doing some easy adjustments. Afterwards, I adjusted all the front matter and bio info on the stories themselves (again, yay for having everything in nearly one place).

I also added tags to each short story that included “SBibb, Stephanie Bibb, Stephanie Flint” to make it easier to find. Search engine optimization (SEO) is important to having your websites and books and such found, so I also included a note about the name change in the long description. I didn’t put it in the short description since I’d rather reserve that space for info about the story itself.

I also linked the “Where to find this book in print” to the1000 Wordsanthology (print edition) on Amazon. Since I don’t want to change the inner covers of the ebook version on Smashwords, I’m unpublishing it there. Kindle allows me (as far as I understand) to keep the older editions of the book the same, while putting my new name on any new books I publish. Therefore, I decided that will not change.

However, one thing I did try to do was make it easier for people to find my work, whether they look it up under Stephanie Bibb or under Stephanie Flint. I imagine it’ll take a little while for my stuff to show up on search engines under the new name, but this way, it should be linked. Also, when I did the book covers, I was careful to make sure the font didn’t change when I switched out the names. That way the quality of the cover remained the same.

Then I went through and made sure that all the edits were in place, and finally changed my profile name on Smashwords itself. I also uploaded my profile picture, taken by my wonderful husband, Isaac. 🙂

Here’s the response I got from Smashwords about the name change, in case anyone else needs to know it:

You have two options:

1. Open a new account for the new name.  I wouldn’t recommend this because the books won’t be linked either with us or with the retailers.  It’s also a pain to manage two accounts.

2. Here’s a link to the FAQ’s section on changing the author name:

https://www.smashwords.com/about/supportfaq#Updating

Scroll down a bit until you see the section “I’ve decided to change my Pen Name.  How to I change it without de-listing my book at retailers?”

Some additional recommendations:  A.  You should change your profile to the new name, and then update your front matter for all the books so it reads “Copyright New Name 2012” Originally written and published under the maiden name, Old Name

… this will help our vetting team and our retailers understand why the name on the cover doesn’t match the name in the metadata.

B.  Also, update the tags, bio and long description so both names are mentioned.  This will help make all the books more discoverable if someone’s searching on the old or new name.

So hopefully this is helpful. Meantime, I’ll see if everything transferred over smoothly. If it did, then maybe the premium distribution will start working again soon. 🙂

 

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