So I recently published Faeryland: The Defeat of the Troll King on Amazon through Amazon's own self-publishing service called Kindle Direct Publishing or KDP (https://kdp.amazon.com/en_US). I plan on publishing at least 2 other books (hopefully this year) through the service— Holiday Caticorn and The Mysterious Box in October and December (at least— that's the plan). Below you will find the 'Bookshelf' on KDP and the current pricing for my book Faeryland: The Defeat of the Troll King.
KDP has a plethora of options. Today, I am only going to go through the royalties and what effected my choices on choosing the price for the book. So as you can see in the image below, KDP has two royalty plans. 70% and 35% of the list price. Ideally, you want a higher percentage rate, but as you can see below the rate I chose for the book is 35%. This is directly from the site: "The 70% royalty plan has delivery fees based on the file size of the Kindle eBook. The 35% royalty plan does not charge delivery fees. (https://kdp.amazon.com/en_US/help/topic/G200634500)"
Why did I choose the 35% royalty option? The reasoning is very simple: My book is too big.
The calculation for 70% royalty includes delivery costs. I would make $0 if I chose 70%. However, the calculation for 35% royalty does not include delivery costs. I make $2.80 for each $7.99 Kindle ebook sold. Yes, I could go lower and I could even go higher. I think Stephanie Meyer's new ebook is selling for $14.99. I set my price at this point because of the paperback. The paperback is expensive.
The list price is $29.99 if you look below that— the minimum I can set the price is $25.23 and just like before there are two different rate choices 60% or 40%. The printing costs are the same. The difference is the checkmark called 'Expanded Distribution'. If you hover over it:
It says that 'Expanded Distribution' allows for more retailers to sell your book including bookstores and libraries. Now I've done enough research to know that if libraries are picking up your books— that's where a lot of sales will come from, so I was not passing it up. I dropped the price from $9.99 to $7.99 on the Kindle ebook when I realized that the paperback was going to cost so much. The reason it costs so much is the color printing of the 82 illustrations. When I finish the sequel, I will be combining the two books in a single hardcover edition. There are enough people who want a hardcover edition (myself included) and I think this is the best option. KDP does not offer hardcover publishing, so I will be finding a alternative distributor in the future. It will probably be through IngramSpark. I've read mixed reviews, but I think it's the best option.
For now, the Kindle edition is 60% cheaper than the paperback and I released it so that if you have Kindle Unlimited, you can read it for free. Just so you know if you have just Amazon Prime— it allowes you to borrow one book per month for free. I tried to give plenty of options for those who want to read it. It was meant to be read and not stay on my shelf forever. I hope you enjoy it!