Amazon Direct Publishing is a service that allows authors to publish their books without the intermediary of a publisher.
Writing a book is a challenging undertaking, but it is far from an overwhelming undertaking. When the book is ready and even prepared for publication, the question arises about what price to set.
The theory of demand and supply curves is widespread. The achievement of the equilibrium price is the optimal value, according to maximum sales at the maximum price acceptable to the market.
How would you advise a person to price their book?
My approach is to set a maximum allowable price and check every 3 months if there are any sales. If there is no sale within 3 months, I plan to lower the price by $10 each. In this way, I would smoothly descend the supply and demand curves until I find a point where every 3 months, I make at least one sale.
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