Lyndon Hardy is a physicist who wrote a well regarded fantasy series years ago that treats the magic system in a rational, scientific way (he was doing this long before anyone else). He seems to have continued the series (after an almost 30-year hiatus!), perhaps in retirement.
On his blog, he writes his investigations where he attempted to determine best practices for pricing books. SPOILER: there’s no good answer, but it’s funny and illuminating getting to that conclusion.
Part 1 – In the first part, he writes about book sales from a supply and demand perspective.
Part 2 – In the second part, he summarizes the conventional, QUALITATIVE best practices recommended by other writers online. It’s pretty amusing, as he presents one suggestion, then the complete opposite (offering what makes sense, and a counterargument, for each).
Part 3 – In the third part, he tries to use some of the scant, publicly available data to answer the question. The available data has obvious issues, so his final recommendation is for authors to adjust their own book prices, perhaps monthly, to create their own data and to generate an answer for their own books.
How do you price your books?
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