How Is a List Price Set For a Book?
I was recently asked the question, “How do you set a list price for a book?” Sometimes our authors want their books to sell at a certain price, mostly because they want to make the book affordable for readers. And that’s definitely an important goal to keep in mind. But a list price isn’t something you can just pull out of thin air. There’s actually a formula you need to keep in mind to make sure you can financially justify the price that’s set. That’s why it’s typically the publisher setting the list price rather than the author. The publisher has key information about production costs that need to be factored into the final price. Understand the Market At Emerald Lake Books, we start by looking at the prices of other books in the genre. From a reader standpoint, if two books on the same topic or of similar interest are both of good quality … Continue Reading
