I have just published my first book on CN. I set the price as £6.99. At this stage i have just ordered a proof copy before I unprotect. I noticed though that I hadnt set the RRP in the retailers section and the recommended min came up as £8.53 (at least it shows as $8.53 but guess that is a typo on the screen!). My question is whether if I reduce the CN price to £5.99 will that affect the retailers RRP in any way?
There are two prices in play here.
1) The price on CN. You can set any price higher than the printing cost a little to cover the credit card fees when your book is bought. This price is set in the Book Creator.
2) The price through retailers and distribution. This is set in the distribution tab of the book manage area after you have set up your title. When a retailer such as Amazon or Waterstones sell your book they order it through one of their wholesalers. These parties each take their cut so the minimum price of the book needs to be higher.
So to answer your question – If you set the price of your book for sales through CN in the Book Creator it will only set the price on the site. If you set the retail distribution price in the distribution tab then it will update the shop price.
One thing to note is that updating the price on CN is instant after you confirm the changes made in the book creator. When you change the price for retail distribution feeds must be sent to all the book retailers notifying them of the new price and it can take a month for them to update their pricing.
So the book is always going to be cheaper on CN than in the rest of the market yeah? So, for friends and family it will be sensible to ensure that they purchase from CN by telling them to do so? Am i right that the dollar sign that is showing in the retailer price section is a bug?
I’ve just published my Grandfather’s book and was confused about this also. Should I set the retailer price to more than the price for CN? As it automatically put a lower price in…. also what does the royalty figure mean? Is this the amount I would get or is this something else?