Every now and then, Amazon discounts one of my paper books. Sometimes the discount is so steep that the price is less than author copies cost me. This can happen to any indie author, and it can be disconcerting, but there’s no need to worry. Here are some ways you can take advantage of the situation.
First, it’s important to note that you will be paid the normal amount for every copy sold, regardless of the price the customer pays. In this article, I’ll use an example book that has a printing cost of $5, with a normal list price of $10, and a royalty of $1.
Option 1: Tell People
If you were running a sale, you’d tell people about it, so do the same in this situation. The only difference is that it’s not something you planned. It’s still a bargain, though, so email your mailing list and post on social media. Even your fans that already own a copy or prefer ebooks might want to buy a copy to give as a present.
In this option, your readers get a bargain, and you get your standard royalty ($1 in the example book) from every sale, but the lower price could lead to more sales.
There’s no way to predict how long such a discount will last. Make sure you make that clear — you don’t want your readers to think that you’ve lured them into a bait & switch.
Option 2: Buy Some Yourself
Sometimes Amazon drops the price to less than the cost of author copies, in which case you can get a double benefit by buying copies yourself. Not only do you get copies at a reduced price, you also get your usual royalty.
Taking the above example, if the price has been reduced to $4, you can buy it for a dollar less than the usual price of $5. This is a bargain in and of itself, but you also get a dollar in royalties, making the effective price just $3.
If you have a way to sell them, or use them as prizes, this is a great opportunity to get them at a lower price than usual.