Hi Travis,
I can only speak from my own experience. The trade paperback cover price for Pursuing Liberty is $16.95, although Amazon discounts it by varying amounts. Our initial Kindle price was $7.99 (based on the fact that it’s a release by new authors and on the paperback page count (~250).
We did a two-week-only Kindle special of 99 cents - we had terrific results from it. One advantage of the 99 cent Kindle price is that the title ends up on a separate list of $1 and under - some are free, but that didn’t seem like a great idea compared to 99 cents. It’s also a good way to boost your Kindle ranking and visibility, and hopefully the resulting word of mouth.
When we ended the special, we discounted the Kindle price slightly to $6.99, which has worked fine as well.
I would suggest a lower regular Kindle price, and maybe give the 99 cent special a shot. If you can precede it, and accompany it, with plenty of online buzz, you should see a bump in orders.
Please Freepmail me if you have any questions or want more info!
Those are some great ideas. I might try a month for EFAD, my first novel, at 99 cents to see what happens, and then raise it back up to something like 3.99 for good. It’ll be easy enough to compare metrics to the other titles and the print editions.