How to Price your Books on KDP - Self Publishing Pricing Strategy

How to Price KDP Books

In this video, Nuria Corby from thehomeboss.com explains how she prices her KDP books. She shares insights on how to price your books competitively and attractively while still making a profit.

Checking Competition Prices

• Look at your competition to know what you're up against.

• Don't go lower than $6.99 because the profit margin is too low.

• Experiment with different pricing strategies that work for you.

• People tend to think higher-priced books are better quality.

Pricing Strategies

• Some people keep their books cheap until they gain traction, then raise the price.

• Others price their books appropriately and keep the price consistent.

• You're not competing on price in this business, so use whatever pricing strategy works for you.

Checking Prices on Amazon

• Search for similar books on Amazon to see what prices are being offered.

• Check both independently published and traditionally published books in your niche.

Overall, it's important to find a balance between competitive pricing and profitability when selling KDP books. By researching your competition and experimenting with different pricing strategies, you can find the right price point for your book.

Self-Publishing Titans Chrome Extension

The speaker introduces the Self-Publishing Titans extension on Chrome, which provides helpful information for research and pricing strategies. The extension gives the average price of books in a particular niche.

Pricing Strategies

• The speaker recommends keeping prices close to the average price in a given niche.

• It is suggested to try pricing books higher or lower than the average to see what works best.

• Prices should not be too different from the average price, but it ultimately depends on the book's quality and content.

Examples of Pricing Strategies

Children's Number Book

• Animal Numbers paperback has an average price of $6.13, so pricing around $6.99 would work well.

• Planner 2021 paperback has an average price of $9.70, so pricing at $7.99 or higher depending on quality and page count would be appropriate.

Personal Strategy

• The speaker matches their prices to what is already available in a given niche, but may increase or decrease prices based on book quality and effort put into it.

Final Thoughts

• Experimentation with pricing strategies is encouraged as sometimes increasing or decreasing prices can lead to better sales.

• Viewers are reminded that they have control over their book's pricing strategy and should do what works best for them.