Setting the price of a new book
You will first set the price of your book starting with your default currency. If you set a list price of $2.99 USD or more you will earn maximum royalties of 70%. For more information on royalty rates, please see our What will my earnings be? article.
Once you enter the price in your default currency, we will automatically convert to our other available currencies using recent default exchange rates.
You have the ability to overwrite any of the converted prices. We recommend that you round up in as many global markets as possible to maximize your revenue.
When you click on a field to set a custom price, the pop-up screen will make a suggested price based on pricing protocols. In the example below, since the default exchange rate was $6.19 AUD, the system is recommending rounding up to $6.99 AUD, which is a more appealing price for that particular territory.
If you have set custom prices, you can see which currencies you have set custom prices for (Custom prices) and which ones are automatically converted (Converted prices) based on recent Bank of Canada exchange rates.
Viewing a published book’s prices
When viewing a published book's prices, only the relevant information is displayed: your default currency list price and any currencies you have explicitly set.
If you click on View/Edit Prices, it will bring you to the editing screen so you can see both your Current Prices and Custom Prices.
If you wish to change your prices immediately, rather than schedule a price change for a future date, simply click on Edit Prices and make your price changes as required. Once done, click Save.
Scheduling a sale or a future price change
You can set up either a permanent price change or a temporary sale price for a future date using the SCHEDULED PRICE CHANGES section. Please note, you can only schedule one promo price at a time.
To begin, select one of the following:
- To schedule a sale, in which your regular price drops for a limited time and then returns back to the normal/regular price, click on Schedule a sale.
- To schedule a permanent price change, where you’ll be changing your regular price from that date forward, click on Schedule a price change.
Scheduling a sale
When scheduling a sale, you will be asked to provide both a start date and an end date for your sale.
<The top portion shows fields for setting the start and end dates of the sale, along with a designated space for entering the price. There's a calendar icon next to date entry fields, allowing selection of a date.>
The next step will be adding in any currencies you’d like included in the sale:
The top portion shows fields for setting the start and end dates of the sale, along with a designated space for entering the price. There’s a section to add all currencies for the sale.>
You can choose to include specific currencies or add all currencies for the sale.
Viewing a sale:
When a sale price is active in the system, the system will notify you via a special notification at the top of your CURRENT PRICES view.
The Your Sale Prices section will explicitly call out which currencies you have set special prices for. This section is NOT shown if a book is currently not on sale.
You will always be able to see dates on which you have set price changes via the Scheduled Price Changes widget.