I'm going through a complete redistribution of my catalog as I'm continuing going wide this year. And I really thought through how to price my books to do this. Now, I do have romantic shorts, one - two hour reads. These don't usually sell well above $0.99. I even put a series together into an omnibus edition, but at $2.99. That way, I usually use the first in the series to promote it as a permafree or freebie/giveaway.
With that said, I have noticed when I was doing new releases, if I sold them even slightly higher, like at $1.99, which I did for one of my shorts, it tanked, badly. But when I lowered the price to $0.99, it started to sell. I'm not sure if this is because the buying public is trained to buy at $0.99 or not. I still even get complaints that a person is getting a short for $0.99 instead of a full novel. But even at $2.99, it's still not going to break my costs. But raising it to a higher price doesn't seem to sell them. I'm not sure if that's because I'm more of a prawnie level author or what. But I'd rather have my books sell than not sell. Having a novel sit and not sell at $4.99, but then sell at $2.99? Which would you choose?
Not to mention the fact that AMS costs so much more than the previous version of advertising on the Zon. I keep hitting the run out of budget on my ads, and if I raise it, my costs will go through the roof. I mean, $100 of advertising a month is about my cap. And still, I'm only making like $25 on Amazon from selling books. SO, the whole AMS ads seem like a scam these days. I was able to get the old system to work for me better, but now that I can't advertise ANY of my spicy or erotic titles, I'm stuck with just the contemporary romances. So, yeah, Amazon REALLY doesn't care about it's authors, and you have to really pick price points that work for your business plan. My current wide plan is starting to get on track again, but it's taken 6 months to get my sales numbers back up. But luckily, I have to release the last half of my catalog still. So, doing better than being in KU. But heah, that's a whole other thread of discussion, right?
Anyway, I find that moving the price of books out of $0.99 or $2.99 for a full novel seems to kill sales, and I'm guessing, people are just conditioned now to buy at those prices. Though, I did hear at a romance con from a reader that she likes to read strictly Indie, and not the trads. So, here's a positive. In all this pricing and marketing we've been doing in the last several years, an Indie market has been created for readers to choose from. And maybe that is something special in itself.