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My new book has been on sale for 5 days (after a 5 day KDP Select free run). I'm keen to try out different price points in order to find out the optimum price.
It's currently at $4.99, which is a great price for a book this long. However, I am keen to drop the price to $2.99 for a while to see how much sales increase (if any). This would also help me go up in the rankings for my niche, which will help help bring in more sales.
My hope is that I can break the top ten...and then once I have increased my daily sales and encouraged more reviews etc, I can slowly increase the price -> $3.49, then $3.99, then $4.49 etc....until I reach a price point where sales start dropping.
Is it best to keep the price of a new book the same for the first few weeks? Or should I be thinking about trying out new price points as soon possible.
I would love to hear what strategies other authors use
Kevin
It's currently at $4.99, which is a great price for a book this long. However, I am keen to drop the price to $2.99 for a while to see how much sales increase (if any). This would also help me go up in the rankings for my niche, which will help help bring in more sales.
My hope is that I can break the top ten...and then once I have increased my daily sales and encouraged more reviews etc, I can slowly increase the price -> $3.49, then $3.99, then $4.49 etc....until I reach a price point where sales start dropping.
Is it best to keep the price of a new book the same for the first few weeks? Or should I be thinking about trying out new price points as soon possible.
I would love to hear what strategies other authors use
Kevin