My Kindle edition went live last Monday at $7.99, so I announced it on a couple of Kindle message boards online. By Wednesday, I'd sold one copy. One! Message board replies said, "If you want us to try a new author, give us a really low price. It'll generate sales and reviews." So I marked it down to $1.99 Thursday morning and posted the price change on the same boards.
As of 5 p.m. Friday - about 36 hours later - Felonious Jazz was the No. 1 selling hard-boiled mystery on the Amazon Kindle Store and the 17th best-selling title in Mysteries & Thrillers - the only title not by huge names like John Sandford, Michael Connelly, and Elmore Leonard in the top 25. Its overall Kindle sales rank was as high as 133rd out of all the 283,000+ fiction and non-fiction titles available in the Kindle Store.
I thought, now that I'm in the rankings, I shouldn't have to be so cheap. I bumped the price to $4.99. Sales continued, but at a slower pace, (and Felonious Jazz has slipped in the rankings. I probably should have stuck with $1.99 longer). I also drew in some people who just buy cheap Kindle offerings who don't normally read the genre, though they may have been less likely to enjoy it than fans of similar books.