When the physical characteristics
of your book (such as page count, covers, binding,
size, etc.) are finalized, God's Word Publishing
will calculate a single-copy printing cost (we'll
give you an Estimate far before this point however).
This price is a function of trim size, binding,
cover stock, colors, etc
- all the "physical" traits of your book.
You then need to decide the Retail
Price. The retail price should be based
on your appraisal of the target audience - this
includes the value your product provides to the
reader, as well as what price point OTHER competitive
products are selling. The retail price should be
at least 2.5 times the single-copy printing cost
to allow for a reasonable margin (to cover our costs
and your payments) after trade discounts are factored
in. The Retail Price also helps establish the Net
Sales Payment amount - the amount you, the author,
make from each sale.
There is a point where we cannot
afford to sell your book direct to consumers - and
that price can be estimated by adding our handling
charge (usually $2.00) to your Book Printing Price.
You, are of course, completely
in control and may price your book at whatever level
you wish. At God's Word Publishing, the author sets
his/her book's retail price.
We'll say it again - it is recommended
that this retail price be at LEAST 2.5 times the
"single-copy print cost" to allow for
standard trade discounts to book stores and distributors
and libraries, and leave enough "gross margin"
remaining so the author will enjoy a reasonable
Net Sales Payment (see How Are My Sales Credited?
for more on Sales Payments). We've included a handy
chart (see Single Copy Book Costs for examples)
to help illustrate the print cost (this is what
YOU will pay for copies of your own book) and the
corresponding MINIMUM retail price. If you wish
to set a HIGHER retail price, your Sales return
will rise significantly.
Here's an example:
Your book costs $3.50 per unit
to print
You want to get full representation
in the chains and distributors, so you offer a 55%
discount from RETAIL
You divide $3.50 by .45 (100 -
55% = 45%) and get $7.78 as your break-even point
To make a nice amount per sale,
but to stay competitive, you price your book at
$11.95
Here are some things to consider when setting your
price point.
Various discounts are allowed
to libraries and college bookstores (15%-20%), independent
bookstores (40%) and large chains and distributors
(50%-55%). You may also want to offer volume discounts
for individuals who buy more than 5 or more than
10 copies of your book at one time.
From the net sale amount (the
retail price less the discount given) deduct the
single-copy printing cost to determine the "gross
margin." The author's Net Sales Payment is
the gross margin MINUS the God's Word Publishing handling
fee (if any). Your author services rep will calculate
various price-point scenarios if you wish. You can
also see How Are My Sales Credited? for more information.
God's Word Publishing's
role and responsibilities:
God's Word Publishing calculates
the single-copy printing cost, and publicizes the
retail price set by the author. God's Word Publishing
records payments accruing to the author on each
sale.
Author's role and responsibilities:
The author sets the retail price
and, in so doing, establishes the Net Sales Payment