Enhanced Prompt:

"Title: Optimize Ebook Pricing and Royalties for Maximum Competitiveness and Fair Compensation

Objective:
To develop a comprehensive strategy for pricing ebooks competitively within the target genre or niche while ensuring fair and transparent royalty structures. The strategy should align with industry best practices, optimize ROI, and deliver measurable results through scalable and sustainable pricing models.

Deliverables:

1. A detailed pricing strategy that includes market research, competitive analysis, and data-driven pricing adjustments.
2. A royalty structure that ensures fair compensation for authors while maintaining profitability for the platform.
3. Tools and frameworks for monitoring and optimizing pricing and royalties in real-time.
4. Metrics and KPIs for measuring pricing effectiveness, such as CPM (Cost Per Mille), ROAS (Return on Ad Spend), and engagement rates.
5. A roadmap for scaling the pricing strategy as the user base and revenue streams grow.

Industry Best Practices and Standards:

• Conduct thorough market research to understand the target audience, competition, and pricing trends.
• Use data analytics to identify price points that maximize revenue without sacrificing competitiveness.
• Implement a dynamic pricing model that adjusts based on demand, seasonality, and competitor pricing.
• Ensure transparency in royalty structures by clearly communicating commission rates and payout timelines.
• Align with ethical practices, such as fair compensation and clear disclosure, to build trust with authors and readers.

Quality Expectations:

• Ensure the pricing strategy is clear, fair, and aligned with the target audience's value proposition.
• Use industry-standard terminology, such as CPM, ROAS, and engagement rates, to measure success.
• Provide actionable recommendations supported by data and market research.
• Include tools and technologies, such as Google Analytics, A/B testing, and dynamic pricing software, to optimize pricing strategies.

**Technical C