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 Pull a Bait and Switch

Over lunch, my friend related a recent experience she had with a book. This friend told me that she had taken her daughter to a local bookstore to shop for new books to read.

While browsing, she picked up a nonfiction book whose title caught her attention. She read the back cover. Then she turned to the beginning of the book and read the first few pages.

Don't Pull a Bait and Switch

My friend shared that the story at the beginning of the book drew her in and had her intrigued. She was excited to read the rest of the book.

As her daughter continued to browse, my friend carried the book around the store with her. Just before checking out, she thought that maybe she should read something halfway through the book just to make sure she was spending her money wisely.

My friend reported that, to her horror, the rest of the book was not like the opening. The opening had been a lovely story that drew her in. She had thought that the book would contain more stories like this. Instead it turned out to be a long succession of dry writing about the historical event the book covered. Needless to say, my friend put the book back on the shelf.

My friend shared this story because she had been sorely disappointed with her experience. The opening pages of the book promised something that the rest of the book did not deliver. In essence, she experienced a bait and switch.

The first few pages of your book are extremely important. You must draw the reader in right from the start. But, be careful that you don’t create a bait and switch. In other words, your book’s opening needs to be engaging, but it also needs to reflect what can be found in the remainder of the book.

Draw the Reader in

By the way, the process my friend went through in selecting the book she thought she wanted to buy is the same process most people use when looking at books. When choosing a book, studies show that readers consider in order:

  1. The Title
  2. The Cover
  3. The Back Cover
  4. The Table of Contents
  5. The First Few Paragraphs of a Book’s Content
  6. The Price

Each phase of this process either encourages the reader on to the next step and closer to a purchase, or turns them off and sends them on to the next book.

Delivering on your book’s promise is essential. Readers that don’t receive what is promised in a book will not recommend it to their family and friends. Remember, word-of-mouth recommendation is the most powerful driving force in book sales.

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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.

Are You Doing This with Your Website?

Do you know what the top mission of your website is?

If you answered: To sell my books. You are wrong.

The most important duty of your website is to develop trust with your website visitors. First-time visitors make up 60 to 70 percent of traffic every month for the average website. When these new people reach your website, your job is to introduce them to you and your books. But, more importantly, you must build trust with these visitors. Trust is required for a sale to happen.

To develop trust with your website visitors, make sure that you are providing these four things on your website.

1. Relevant Content

If the majority of the daily visitors to your website are brand new, they are most likely unfamiliar with you and your books. Your primary job is to build trust with these people through information. Providing content that answers their questions and informs and educates them helps you build trust. When website visitors scan your information—and they do scan—and find valuable advice that is relevant to their situation, they begin to trust you and your message.

2. Free Samples

Be open with what you provide in your books. Studies show that providing samples improves sales. If people are confident that they will like what they are spending their money on, they are more likely to purchase. In some cases, offering a sample can boost sales by 2,000 percent. A sample raises people’s confidence. Offer one to a few chapters of your books so that people can sample what you have published to increase their trust and confidence in you.

3. Testimonials

Social proof increases consumers’ trust in a brand or product. Social proof is the construct that persuasion of an idea or behavior for an individual is linked with how others are responding to it. In essence, social proof reduces the perception of risk associated with a purchase. Testimonials are one form of social proof. They tell potential customers that others are benefiting from your books, increasing customers’ trust in you and your books.

4. Friendly, Prompt Support

If you sell books directly from your website, provide a way for people to contact you. From time to time, as Director of Christian Small Publishers Association (CSPA), I receive calls from people who are trying to reach a Member of CSPA. These people tell me that they have tried to purchase a book, or made a purchase, or have an issue with their purchase, yet are unable to get a hold of the publisher or author. They have called me to obtain help in this matter.

One recent study by Corra found that 52.4% of shoppers prefer to communicate through live chat on a website, while 32.8% preferred email for communicating, and 14.5% choose a phone call. If you are not providing live chat on your website, at least make sure that you provide a telephone number and an email. Then, be sure to check your emails and phone messages regularly so that you don’t leave customers or potential customers languishing. Prompt responses help to build trust.

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Awareness Is Not Enough

“I need distribution for my book right away. I am doing radio and TV shows and bookstores are wanting to order my book.”

This caller’s frantic plea for help is something that I have run into a number of times. It turns out that this author published her book via KDP (Kindle Direct Publishing). The only place it was for sale was on Amazon.com.

The author had hired a publicist—spending thousands of dollars. Fortunately, the publicist was doing a good job of lining up radio and television interviews. The problem: no distribution.

So, while this author was getting lots and lots of publicity for her book, her book was not positioned for that publicity.

I have seen this happen to a number of independent authors. It is not a publicist’s job to educate her client on book publishing and distribution. After all, the publicist’s specialty is publicity. As a result, many publicists fail to make sure that their clients’ books are in distribution and widely available for sale in numerous outlets before booking media interviews. Sadly, when this happens, much of the publicity achieved goes to waste.

Publicity alone does not sell books. Most book sales are determined by three factors.

1. Awareness

People have to know your book exists to be able to purchase it. This is where publicity is very helpful. The more exposure you have for your book, the more people you make aware of your book.

2. Decision

Decision comes after awareness. Only after readers know about a book can they decide to purchase the book.

3. Availability

Once a reader decides to buy a book, the book must be available in the format and place he or she wants to buy the book. If readers cannot find the book where they usually shop, the sale is easily lost. Not everyone shops on Amazon.

When it comes to selling books, awareness is not enough. Availability (think ease of purchase) is just as important a factor in the buying process. Having your books available for sale in multiple places enhances your ability to sell your book.

Christian Small Publishers Association (CSPA) offers our Members ease of access to distribution through IngramSpark and Lightning Source. Member publishers and authors of CSPA can use their CSPA membership benefit to upload titles for free with these print-on-demand services that also provide distribution through Ingram—ensuring that their books are widely available for sale.

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Photo courtesy of Pablo García Saldaña.