13 Pricing Hacks to Increase Sales

For independent authors and small publishers selling books, there is a lot to learn—especially if you do not have a business or marketing background. Fortunately, there is a lot of information available for those who want to learn.

Smart retailers use pricing tricks, based on brain science, to appeal to shopper’s perception of quality, value, and cost to drive sales. You can employ one or two of the techniques that smart retailers use to improve your book sales. Check out these 13 psychological pricing strategies compiled by Wikibuy.

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Don’t Get Taken by a Salesman

“You’re a good salesman, if you make people buy product they don’t need.” —Toba Beta

I am not a sales person. I know how to market, but hand-selling through persuasion is not my strong point. A good salesperson knows how to play on your FOMO (fear of missing out). He or she will convince you that if you don’t buy what they are selling that you will miss out.

An independent author of a specialty book recently asked me for recommendations of who he should talk to in the publishing industry for furthering his distribution and sales. I gave him a list of a few companies and he set off to a trade show.

After the trade show, this author called and told me that the companies I told him to meet with did not impress him much. He then relayed that he had met a gentleman who had a publishing house that really impressed him. He stated that the man was interested in publishing his book and wondered if he should take him up on his offer.

With a little more questioning, I discovered that the “impressive” gentleman was the owner of a subsidy (sometimes called vanity or custom) publishing house. This gentleman was willing to take the author’s money to republish his book and place it into distribution.

I explained this to the author and told him that this publishing house would redesign and republish his book and place it in distribution, but they would not “sell” his book for him. This would still be his job.

It appears this author had been taken in by a salesman. The subsidy publisher knew his stuff and was able to “sell” his business well. The other companies I had suggested the author meet with were not about “sales”.  These companies don’t take money upfront like a vanity press. Rather, they make money on how they perform (when they actually move product).

The companies that make money on their performance don’t need to sell anything. Instead, they want to make sure you, the author or publisher, has a product they think they can sell and sell well. They were not “selling” anything to this author, so they had no need to be impressive.

Later in our conversation, the independent author reported that the salesman who he had been so impressed with had admitted that the best way to make money on selling books is for authors to sell them direct to consumers.

Bingo! Mixed into his great sales pitch was the hard truth.

Few publishers—whether traditional or vanity—have a robust program to sell books directly to consumers. Selling directly to consumers is usually left to the author.

I explained to this author that the best marketing plan is a well-rounded plan that includes a variety of sales channels including:

  1. Distribution for bookstore and library sales.
  2. Marketing to bookstores and libraries.
  3. Direct to consumer marketing through a website, blog, social media, email marketing, and print media, as well as speaking engagements.
  4. Pursuing bulk sales via catalogs and organizations.

Don’t be taken by a smooth-talking salesman. Selling books is hard work. Anyone who tells you that they will take a large chunk of your money to sell your books will do just that—take your money. Remember, the vast majority of authors and many publishers struggle to sell enough books to make a profit.

Christian Indie Publishing Association exists to educate small publishers and independent authors on cost-effective ways to market books. All our marketing programs are cooperative and low-cost because we understand that return on investment when promoting books is slow and difficult. If you are looking for information and resources to help you develop a robust marketing plan, join the association today!

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Photos courtesy of Mohamed Hassan.

Tips for Selling Books from Your Website

Do you sell your books direct from your website? If so, pay attention to these important findings from Cyber Monday shopping.

On-line shopping is growing. One of the fastest growing trends for online shopping is the buy online, pick up in-store movement. Fifty percent more people used this option on Cyber Monday 2018 than in the previous year.

Shopping using smart phones is also growing. According to an online shopping data report by Adobe Analytics, people spent 48% more shopping from their smartphones on Cyber Monday. In fact, purchases made from smart phones on Cyber Monday amounted to $2 billion. This is the most revenue ever to come from smart phones in a single day.

Interestingly, taking a closer look at the data report by Adobe Analytics, the report states:

 “Large retailers ($1 billion or more in annual e-commerce revenue) saw 6 percent higher conversion rates on smartphones. Smaller retailers, offering more specialized products, were better at getting shoppers to close sales via desktops with 7 percent higher conversions.”

Whoa. Stop right there. For a while now, the trend has been mobile. Experts have been telling us that every website needs to be responsive for mobile devices as well as desktop computers. Yet, this research from Cyber Monday shows that smaller retailers—people like you—had a higher percentage of people purchasing from their websites via a desktop computer this past Christmas season.

If you sell books from your website, your main focus should be on keeping shoppers on your site. After all, conversion—converting a visitor to a buyer—is what drives sales.

Here are a few tips to keep shoppers on your website:

1. Have the books you are selling front and central.

Make the products you are selling easy to see and find on your website. Don’t bury them. Include clear descriptions for each book so readers know what the book is about and how it will benefit them.

2. Make the prices clear.

One study by Corra found that 33 percent of shoppers hate when prices aren’t up front. Make sure that the price of your book and the cost for shipping is easy to find and see.

3. Ensure ease of purchase.

Studies show that for every extra click a customer has to make to finish a purchase, a business loses 50% of shoppers. Create a streamlined buying process on your website.

4. Allow customers to contact you.

The same study by Corra found that more than half of all shoppers wanted to have the option to live chat on a website when they ran into a problem shopping. Of course, most small publishers and independent authors don’t have the resources to provide this on their websites. However, you can provide a phone number. This allows customers to feel confident that they can talk to a real person if they run into a problem.

If you sell books from your website, use these four tips to improve your visitors’ shopping experience, and maybe, just maybe, you might sell more books.

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Photo courtesy of Bru-nO.

Embellishments Help Create an Emotional Connection

As humans, we crave connection. We want to feel connected to our family members, our friends, our community, and God. This sense of connection meets our need for belonging.

Authors can use humanity’s innate need for connection to enhance your marketing efforts. You can use stories and information to help your readers feel a connection with you. You can also use adornments to create a sense of connection and anticipation.

Not too long ago, I ordered a book. The book was mailed to me. It came in an envelope. What caught my eye was the sticker on the back of the envelope. It was an oval gold sticker that helped “seal” the envelope shut. The sticker simply read ENJOY.

This caught my attention. It also served to increase my anticipation of reading the book. A simple sticker embellishing an envelope created a stronger connection to the book for me.

We are emotional creatures. Simple adornments strategically placed can heighten our emotions.

Consider how you might be able to use a similar strategy with your books to increase readers’ connection to you and your books. The ideas are endless. Let your creative juices flow.

Maybe you can use a similar sticker when you send out copies of your book. Maybe you can add a sticker to your book’s cover that creates an emotional response. Even a “Signed by the Author” sticker can help create an emotional connection for readers.

You can find some great sticker ideas on Zazzle or Demco.

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How to Stand Out from the Crowd

Do you remember these puzzles from your childhood (or maybe your kids’ childhood)? Which one is different?

Standing out from the crowd is important. With over one million self-published books produced every year, how do you stand out from the crowd?

The answer lies is not in drawing attention to yourself by standing out in an odd or strange way as in the above puzzle. Instead, you want to stand out in ways that are attractive and draw people to you and your book.

It’s not just your book that must stand out. Your marketing efforts also need to stand out in the crowd to attract attention.

After you have written a compelling book that is professionally edited and designed, your next step is to ensure that your marketing activities don’t just mimic what others are doing, but stand out from the crowd.

standing out from crowd

You can stand out from the crowd with the following three strategies:

1. Informative and Unique Content

Give away free content that ties into the theme of your book. This free content must also be unique and answer important questions or solve important problems your target audience faces. Share this content on your blog and in your social media posts. Offer some content in downloadable format for interested readers to receive in exchange for their email address. This helps build your email marketing database.

 2. Connect with Your Audience

Connection is about caring. We connect with others when we care about them. Care for your audience. Show up where these people hang out—be that on social media or in person. Talk to them. Rejoice when they rejoice, mourn when they mourn. Support their efforts and cheer them on. Most people crave authentic connection. Your audience will begin to trust you when they see that you are authentic.

3. Be Consistent

Many Indie authors start strong, but soon fizzle out. When results don’t roll in the way these authors expect, they turn their attention elsewhere. It takes at least a year to build a strong, loyal following. To stand out, you must show up consistently and add value to people’s lives.

In marketing and selling books, you want to be noticed in a good way, not because of appearing odd or strange. Show up, connect with your audience, and offer them great content. Stand out for the value you bring to people’s lives.

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Photo courtesy of Anton Belitskiy.