I'd like to get your opinions on something. When I first published Killing Trail, I set the price at $2.99. The price seemed both reasonable to me, and it allowed me to get the 70% royalties from Amazon for each copy. However, I've since seen other, roughly equivalent, books published at 99 cents. I've been wondering whether I should drop my price to 99 cents. I've not made a decision on it and I'd like to gather some information first. So, given that Killing Trail has now been out for a little more than a year, here are my questions.
1. Would dropping the price upset folks who paid $2.99 for it, or would it be more likely seen as a natural discounting process for a book that has been out a while?
2. How do readers view it when an author drops the price on a book ‘temporarily’ as a promotional offer. I know some writers start out with a lower price for a week or two and then go up, but in my case I was thinking about dropping the price to 99 cents for say a month. What are your thoughts on that.
I tell you, the business end of writing gives me fits. I neither want to be seen as a money grubbing author, nor do I want to sell myself short. I probably spend as much or more time agonizing over this kind of thing as I do a plot twist. The latter is much more fun, though.