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I just got the email telling me that paperbacks priced under 9.99 would now get a 50% royalty instead of 60%.
Fine, until you apply that pricing on the submission form.
The first book I looked at which was affected was priced at $8.20US.
But if you up it to 9.99, the US gets 60%, but nowhere else does.
So I kept putting it up, and only when I get to $11.30US do all the stores convert back to 60%.
That's pretty insane.
Instead of just tagging it to 9.99US, they applied separate thresholds to every single store.
The other thing is, that lost 10% makes a huge difference in what you actually get.
So now the question is, do we just increase the price so all the stores are back on 60%, or do we just put up with the 50%?
How many sales do we lose if we put them up, given the reason they're under 9.99 anyway is they're short?
Not sure. I've got 8 to check. The first I put up, and it had the highest number of paperback sales of any of my books with 37.
Forgot to post this, and changed all 8 to $11.30US.
In spite of them saying $9.99 is the price, it's not. $11.30 is the minimum to get 60% now in all stores if they base off the US store price.
What happens when exchange rates change is anyone's guess.
For now though, my cheapest paperback in Australia is now $19.40 for a $2.99 kindle.