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The point of giving book 1 of a series away it to sell the rest of the books in the series. If you're publishing the entire series--or at least the first 3, the freebie is an option. Although, if you search the forum on the hundreds of posts about this, you'll see we're pretty much split on whether or not freebies are a good idea.

If you're just publishing book 1, now is not the time to even consider it.
 
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