In that case, they might opt for a higher price. What are your goals for the book? Some Authors want to maximize their potential revenue per sale.If not, you might consider adjusting the price of all your formats. If your book is already published in other formats, is it selling well at the list price? If so, that price may give you a good benchmark. What is the price of your eBook or print book? An audiobook typically costs two or three times more than the eBook version (more on why below).Yes, you may entice some people into buying your book because it’s cheap, but you may not recoup your costs unless you can sell it in bulk. But for independent Authors, a “how-low-can-you-go” promotional price can be risky. How many copies do you expect to sell? A best-selling Author may be able to set a lower price because the sheer quantity of sales will boost their earnings.To learn more about audiobook royalties and distribution, see this post. Your royalty rate is determined by which platforms you use to distribute your book. Of course, that’s assuming you’re earning 100 percent royalties, which you likely won’t. For example, if you spent $2,500 to create your audiobook and think you can reasonably sell 250 copies, you could set your audiobook price at $10 and cover your expenses. How much did your book cost to produce? You may want to work backward from your total production costs to determine your book’s price.Check out the prices offered by some of your competitors or Authors you admire. Consider how much your target readers are willing to pay for a book in your field. What genre is your book, and what are similar audiobooks selling for? If you’ve written a business development book, it doesn’t make sense to compare its price with what a mystery novel costs.Here are some other important factors to keep in mind: Even if you aren’t listing your book on Amazon, their guidelines may give you a good starting place.īut length isn’t the only factor that goes into finding the ideal price for your book. Even if your book is 15 hours long, it’s Audible’s prerogative if they decide to sell it for $5.īecause Amazon dominates the audiobook market, its pricing standards have influenced prices across the board. These are their standard guidelines, but Authors should be aware that Amazon reserves the right to set the price of any audiobook on their platforms. audiobook market.Īmazon has a straightforward set of rules for audiobook pricing: The largest audiobook market, by far, is Amazon/Audible. How Much Should I Charge for My Audiobook?
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