How to price your ebook on ebay for maximum profits
Before I go into how to price your ebook or any kind of
information product on ebay, let's first examine the reasons why
it is so hard to sell. In my opinion, there are two major
reasons.
Reason 1 : Every man and his dog is selling the same stuff on
ebay.
I'm sure you have seen this on ebay, the same product can be
found selling anywhere from $50.00 to less than $1.00. 99 per
cent of people selling information products on ebay are
resellers, meaning they brought the resale rights from either
the product creator or from other resellers.
What 90 per cent of them will do is to list the products and
start pricing them as low as possible to undercut each other on
pricing. This happens so much to the point where it is no longer
profitable at all. The other 9 per cent of them will bunch up
all the ebooks, software they could find and start selling them
together. Their main selling point is you could get as many as
10,000 ebooks for a low price. The problem of course is that
they will undercut each other again so much that the prices
start to look really ridiculous. I meaning selling 10,000 ebooks
for $1.99? To buyers, it probably means junk.
Reason 2 : Ebooks have a low perceived value than hard-cover
books
Many people seems to think because ebooks are digital in nature,
therefore should be priced lower compared to hard-cover books.
In fact, many people I know thinks ebooks should be free! Well,
there's nothing much you can do about it anyway. However there
are some ways to tackle this problem as I will discuss later.
Read on.
Now that we have determined the two main reasons why ebooks do
not sell, here are a couple of my tips that will boost the price
of your ebooks.
Tip 1 : Jack up the price of your ebook
I know this may sound like crazy but people do perceive value
with price. The higher priced your ebook, the more valuable your
information will be in the eyes of your prospective buyers.
There is just a thing you need to take note. You need to bundle
it with other good quality ebooks. The ideal is include other
ebooks that you would buy as 'standalone' products. I can't
emphasize this enough, when you jack up your price, make sure
the information is of high quality or you'll get tons of refund
requests.
Tip 2 : Pack them into theme packages
More likely than not, you probably have other products that will
compliment your ebook. Package them together. Write a new sales
letter and bam, you will have a unique product that nobody else
is selling. The idea here is to bundle them together into a
theme product. For example, I'm selling an ebook on dog food. I
have a software that I have resale rights called pet medical
recorder that allows pet owners to record their dogs medical
conditions. I also have another report that outlines how to
train your dog in 7 days. I bundle them together, write a new
sales letter. See how it raises the perceived value of the
product.
Tip 3 : Add audio or video with it
Audio and Videos helps to increase the value of your products.
There are some software and companies that will help you convert
your ebook into audio either in cassette tapes or as mp3 files.
Do make sure you have the rights to convert it into audio first.
What I usually do is to make a video of the product I am
selling. For example, if I am selling a pet medical recorder
software, I could make a series of videos explaining how to use
it.Sort of like a video FAQ.
If you implement the above tips I have mentioned, you will have
a unique product to call your own and can demand higher prices
for your products.
About the author:
Dan Lim is an avid ebay fanatic who has been quietly earning a
comfortable living online. For more ebay selling secrets and
strategies, visit bestnzb.com