“Reject the tyranny of picked. Pick yourself.” ― Seth Godin, Poke the Box
You know, I’ve collected a whole lot of these. I wonder if they would make a good ebook. I wonder if Amazon’s policies would allow it. I wonder if I give a damn.
Here are more “Seth Godin summaries”–curated by yours truly!
Picking up from where we last left off …
It’s time to cover …
At the moment, audiobooks are the hot, new, sexy format everyone says is big, big, big. Maybe it is. But they are much more expensive and time-consuming to create than ebooks or even print books.
They generally involve collaboration, for one thing. You, as the author and publisher, are responsible for picking the right narrator. And to find one that’s just right and within your price range may be tough. It requires thought, people skills, and patience.
Starting from where we last left off, here’s Part Three! Pricing books and distribution through retailers.
Setting your book’s price
If you’re self-publishing under your own trade name, you’re entirely responsible for setting your book’s suggested retail price. This involves more than just looking at what other authors are charging for their books and setting your price somewhere in the same neighborhood. First, you need to know how much it costs to produce a copy of the book. (IngramSpark provides a formula for determining this.) Once you’ve determined your production cost per book, consider the market price for books similar to yours, then factor in a wholesale discount of 55 – 60%. The difference between the discounted price and the cost of the book is your profit per sale. Therefore, make sure the discounted price ends up being higher than the production cost of one copy of your book.
I haven’t done these in a while, but I thought I’d share a few more of these summaries.
Shall we start right in?