While
I was researching how
much the typical self-published ebook author makes per year,
I stumbled across some fascinating figures for ebook pricing versus
revenue. The chart on the right is produced from the data on Joe
Konrath's blog and shows that, at least in his scenario, the lower
you price your ebook, the more money you make.
Pricing your ebooks at
the impulse buy level makes a lot of sense, but will it work for
everyone? The internet is chock full of self-published ebooks
priced absurdly high, often $50 to $100 apiece, which suggests that
clearly someone has decided that selling a few books for a high price
makes more sense than selling a lot of books for a low price.
Konrath sells his ebooks through Amazon and he also has a built in
customer base, so he presumably doesn't need to spend any money
advertising, and I suspect that may be the trick to pricing your ebook
low. The question is, does Amazon's search function provide
enough "free" advertising that an unknown ebook publisher can sell an
appreciable number of books without external advertising?
Mark pointed me toward a
beautifully animated and flawlessly researched video by RSA Animate
that pinpoints what motivates us to do our jobs better. For those
of you, like me, who seldom watch videos, especially ones more than a
couple of minutes long, make an exception --- this video is worth
watching not just once, but twice. To make it easier, I've even
embedded the video for you so all you have to do is click play.
The one point that
really leapt out at me when I was watching the video is the idea that
employees crave autonomy, that self direction makes them more engaged
in their work so they create more interesting results. One
company has four Days of Autonomy every year where the employees are
allowed to work on anything they please, with the only limitation that
they have to share their results in a party at the end of the
day. After hearing about it, I immediately wanted a Day of
Autonomy on the farm.
Now, Mark and I are
nothing if not autonomous since we spend every day making up our own
schedule, but at the same time we have so many big projects going on
that most of the week gets sucked up in basic homesteading like
chopping wood in the winter, weeding the garden in summer, and
everything in between. Mark has dozens of inventions just waiting
to make their way off the drawing board, and I have an equal
number of writing projects that are itching to see the light of
day. So we've decided to try out implementing Tuesdays as a
Day of Autonomy on the farm. Stay tuned to see how it works out
for us, and feel free to chime in if you give it a shot in your own
business or life.
Looking for other tips to
make your business more successful? Check out our ebook.
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