After posting about data-driven pricing, I’ve since done a bit of back-pedaling. While I haven’t deviated dramatically, I’ve reconsidered a few things.
I dropped the price of Into the Badlands back down to $3.99 (from $4.99)
Why? Because I wanted to reduce the barrier to entry for that series. Some people give the first book away for free, but I haven’t been able to get on board with that just yet. But a 25% price reduction is fair for everyone, in my opinion.
I raised the price of The Desolate back to $3.99 (from $2.99)
Initial results at $2.99 looked good, but then sales dried after ten days or so. I know, you gotta set it and let it stay there for a while. But I’m trying to get away from the $2.99 novel. $3.99 seems more reasonable to me. Will the market bear that price? Hard to say. But we’ll see.
I left Badlands #2 (Beyond the Badlands) at $4.99
I think my books are worth the five bucks these days. Seems reasonable to me. If I stick with $4.99 as the “new norm” for novels, then Badlands #3 and #4 will also come in at $4.99 as well. I’m also planning on releasing The Crossover Gene at $4.99. Again, the market will bear what it bears, but I’m cautiously optimistic.
So, I raised the price on my horror novel and discounted the first book in my series. But I’m still sticking with $4.99 for all my new stuff, thus far. Once sales data starts rolling in, I should have a better idea of what’s working and what’s not.