I don't know if this is right or wrong - only time, or sales, will tell. I've been thinking about the pricing of my books for awhile and wondering if they should change to reflect changing times. Originally, pricing was based on production and distribution costs combined with the amount of effort, research, writing time and other stuff to determine how much I thought I should make per copy. All of that has changed.
I do agree with some friends in the industry that price should reflect the content and value to the reader to some extent, after all, how much is it worth to a reader to change their life? On the other hand, e-books are beginning to become commodities and after the initial costs of time for research and writing and the costs of design, editing and set up, there are no further costs for printing, distribution, returns, marketing, and so on. In other words, once the initial costs are covered, the author or publisher can sell unlimited copies without incurring further costs.
To some extent, the same is true for print-on-demand copies. The printer or supplier has a fixed cost for providing each additional printed book but the author has no extra costs over and above his original "inputs." It began to dawn on me that I don't care whether a reader wants a digital copy or a printed one. If I set my pricing so that my royalty works out to pretty much the same thing, regardless of format, then I could lower my prices and pass the benefit to the purchaser...so, I did. My net royalty on an e-book priced at $4.99 is almost the same for the printed version priced at $9.99. The extra cost to the buyer for the printed version goes to the printer who has to provide paper, ink, technology, labor and printing presses to produce it, but I end up with the same amount, which is perfectly alright with me.
Anyway - pretty unscientific and I'm sure there will be disagreement from traditional publishers but that's my logic on the reason for changing the prices of my books. It's nice to have the right to do so.
Showing posts with label DIGITAL MARKETING. Show all posts
Showing posts with label DIGITAL MARKETING. Show all posts
Sunday
WORLDREADER.ORG
I have long held that the cure for most of the world's ills lies in literacy and access to information. If we teach the disenfranchised to read and then provide them with the opportunity to access books and ideas, they will throw off the yoke of oppression, poverty, hunger, addiction and violence. We have seen the results of some of this in recent months in many places around the world. I suspect that we will see much more in years to come thanks to a project that I am privileged to be participating in.
THE STORY
As many of you might know, I am a big fan of Seth Godin and especially his commitment to making ideas available on a large scale basis and his willingness to share his own. He recently offered some thoughts on an organization called Worldreaders.org that you can read here. The ideas and efforts of this organization make so much sense in my mind that I just had to contact them and offer my own humble writing attempts for their program. I have just signed the agreement and sent it off to them. I don't know how many kids in Africa, Asia and South America will be interested in my books but that is not the point. The point is to give them the opportunity to read about the world and its possibilities. This project truly is about "teaching them to fish" rather than giving them a loaf of bread.
THE IDEA
In a nutshell, Worldreader is providing Kindles to students in developing countries, where paper based books are almost non-existent, and they are asking authors and publishers to make their books - the ones that are already part of the Kindle program - available at no charge. They will pre-load any books onto the devices before giving them to the students. They have made an agreement with Amazon and it really is possible for anyone who has written a book to make a difference in the world, in a very real sense. Simple, easy and brilliant - ideas, information and access, all in one package.
IF YOU ARE A READER
As a reader, there are three ways that I can suggest for you to participate:
Assuming your book is already listed on Kindle, it is a very simple process to contact Elizabeth Wood, Director of Digital Publishing for Worldreader and request their information package. There is a simple one page contract wherein you can direct Amazon to make your book available to this program. Yes, you will give up any income from potential sales to this group of potential readers. Kids learning to read in third world countries may not be that big a potential market for you, so, perhaps you will be willing to give up the royalties from sales in Ghana - think about it.
If your publisher holds the worldwide digital rights to your books, please consider talking to them about this program. Some are participating but others are requiring that the charity pay for the e-books. As you know, there is NO cost involved in making e-books available.
Send this post to your editors, designers, author-friends, distributors, and anyone else connected to making books available so that they can learn about this possibility for creating real change in the world.
AND FINALLY
A big thanks, once again, to Seth Godin for bringing this to our attention and big, big props to Worldreader.org for creating a project in which readers and authors can combine our talents, expertise, and need to make a difference into a program that will create so much good for so many people. Education will change the world and you can be a part of it.
Once again, please pass this message on to your social networks like Twitter and Facebook and let's get more people involved in this life-changing, world-building project.
THE STORY
As many of you might know, I am a big fan of Seth Godin and especially his commitment to making ideas available on a large scale basis and his willingness to share his own. He recently offered some thoughts on an organization called Worldreaders.org that you can read here. The ideas and efforts of this organization make so much sense in my mind that I just had to contact them and offer my own humble writing attempts for their program. I have just signed the agreement and sent it off to them. I don't know how many kids in Africa, Asia and South America will be interested in my books but that is not the point. The point is to give them the opportunity to read about the world and its possibilities. This project truly is about "teaching them to fish" rather than giving them a loaf of bread.
THE IDEA
In a nutshell, Worldreader is providing Kindles to students in developing countries, where paper based books are almost non-existent, and they are asking authors and publishers to make their books - the ones that are already part of the Kindle program - available at no charge. They will pre-load any books onto the devices before giving them to the students. They have made an agreement with Amazon and it really is possible for anyone who has written a book to make a difference in the world, in a very real sense. Simple, easy and brilliant - ideas, information and access, all in one package.
IF YOU ARE A READER
As a reader, there are three ways that I can suggest for you to participate:
- send an email to your favorite authors asking them to make their books available to this program - you can send the link to this blog if that makes it easier.
- send a message of support to info@worldreader.org and tell them how important their work is in transforming the world - I'm sure they would accept any donations, too!
- forward this blog post to your friends on Twitter and Facebook and encourage them to do the same - let's make this a movement for change.
Assuming your book is already listed on Kindle, it is a very simple process to contact Elizabeth Wood, Director of Digital Publishing for Worldreader and request their information package. There is a simple one page contract wherein you can direct Amazon to make your book available to this program. Yes, you will give up any income from potential sales to this group of potential readers. Kids learning to read in third world countries may not be that big a potential market for you, so, perhaps you will be willing to give up the royalties from sales in Ghana - think about it.
If your publisher holds the worldwide digital rights to your books, please consider talking to them about this program. Some are participating but others are requiring that the charity pay for the e-books. As you know, there is NO cost involved in making e-books available.
Send this post to your editors, designers, author-friends, distributors, and anyone else connected to making books available so that they can learn about this possibility for creating real change in the world.
AND FINALLY
A big thanks, once again, to Seth Godin for bringing this to our attention and big, big props to Worldreader.org for creating a project in which readers and authors can combine our talents, expertise, and need to make a difference into a program that will create so much good for so many people. Education will change the world and you can be a part of it.
Once again, please pass this message on to your social networks like Twitter and Facebook and let's get more people involved in this life-changing, world-building project.
Friday
1 REASON WHY A SALES PROFESSIONAL SHOULD WRITE A BOOK
"Why write a book? I'm a professional person and I'm already successful, what reason would I have to write a book?"
The obvious, trite and over simplified answer is, because you can. Leaving aside why you should, could, and would write your own book, let's look at one reason that writing your own book would make a big difference in your business life.
REPUTATION AND STANDING WITHIN YOUR FIELD. You may already be successful in terms of sales and income. You have great knowledge of your product or service, and you are able to find solutions to your client's problems. These are the keys to your success - how risky is it to share them? Won't your competitors learn your secrets and take away your business.
The answer is, yes and no. Yes, you will share some, or most of your skills and assets, but it launches you into a much bigger playing field. You will come to the attention of executives within your own company and in your competitor's companies. Your clients and their connections, however, will now come to see you as the expert in the field. You have written a book. You have established a higher standard. Writing a book automatically confers a status of expertness with it. Your customers and prospects will know this. They want to deal with you, the expert. More referrals, more business, more income - that's the way it works.
You can also expect to receive invitations to meetings, conferences and conventions and perhaps become a guest speaker or presenter on these occasions. All of this results from using the information you have to create a bigger playing field. Zig Ziglar didn't sit on his hard won skills and information for fear of passing on sales secrets to his competitors - he made his competitors customers! You can too.
There is an easy and fast way to create a book that presents you and your ideas professionally and in a way that will grab attention in those circles that you most want to access. THE ONE HOUR AUTHOR has been created to accomplish this goal quickly and successfully. It's easy to read and learn the techniques of professionals and move yourself on to the road to success. You can download a PDF to read or print on your own computer here, or you can get a copy to your e-reader, or a printed copy here.
Good luck and keep in mind that writing your own book can replace that tired old business card with a professional and valuable piece of information that your prospects will respect and appreciate for years to come. Some of you are giving away data sticks as business cards - load your book on and make it even more valuable.
The obvious, trite and over simplified answer is, because you can. Leaving aside why you should, could, and would write your own book, let's look at one reason that writing your own book would make a big difference in your business life.
REPUTATION AND STANDING WITHIN YOUR FIELD. You may already be successful in terms of sales and income. You have great knowledge of your product or service, and you are able to find solutions to your client's problems. These are the keys to your success - how risky is it to share them? Won't your competitors learn your secrets and take away your business.
The answer is, yes and no. Yes, you will share some, or most of your skills and assets, but it launches you into a much bigger playing field. You will come to the attention of executives within your own company and in your competitor's companies. Your clients and their connections, however, will now come to see you as the expert in the field. You have written a book. You have established a higher standard. Writing a book automatically confers a status of expertness with it. Your customers and prospects will know this. They want to deal with you, the expert. More referrals, more business, more income - that's the way it works.
You can also expect to receive invitations to meetings, conferences and conventions and perhaps become a guest speaker or presenter on these occasions. All of this results from using the information you have to create a bigger playing field. Zig Ziglar didn't sit on his hard won skills and information for fear of passing on sales secrets to his competitors - he made his competitors customers! You can too.
There is an easy and fast way to create a book that presents you and your ideas professionally and in a way that will grab attention in those circles that you most want to access. THE ONE HOUR AUTHOR has been created to accomplish this goal quickly and successfully. It's easy to read and learn the techniques of professionals and move yourself on to the road to success. You can download a PDF to read or print on your own computer here, or you can get a copy to your e-reader, or a printed copy here.
Good luck and keep in mind that writing your own book can replace that tired old business card with a professional and valuable piece of information that your prospects will respect and appreciate for years to come. Some of you are giving away data sticks as business cards - load your book on and make it even more valuable.
Sunday
HOW TO PROMOTE MY BOOK
You might find this information a bit too "teckie," but here goes anyway. Self publishing our books requires knowledge and information and sometimes expert advice. If you are interested in learning about some of the ways to promote your book online then read here. For those of you who are very comfortable in the world of digital marketing, then this will either provide confirmation of what you already know or fodder for additional opportunities. For those of us who consider ourselves still a little "tech-challenged" it will give us a starting point to have that conversation with the geek we hire to help us. Good article and worth reading for those of us with books to sell. Once again, you can access the information here.
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