Showing posts with label book sales. Show all posts
Showing posts with label book sales. Show all posts

Monday, June 20, 2011

Indie Author Mailbag: "Can you tell me the best way to ensure the success of my book?"

In a word, no.

If I've said it once, I've said it too many times to count:
There is no one-size-fits-all, by-the-numbers success formula for indie authors. There is no specific template or blueprint that will guarantee lasting sales or readership for any book.

Assuming for the moment that your indie book is exceptionally well-written, immaculately edited and sports a compelling cover, it's just a matter of getting the word out about it and pricing it reasonably, right? Wrong.


Every author is different, every book is different, and every sales climate is different. Consider the (originally self-published) book which launched me into a life of publishing punditry and activism, The Indie Author Guide: Self-Publishing Strategies Anyone Can Use. This was clearly a simple case of the right book at the right time. Writer's Digest Books was happy to pick up the rights and republish the book in a revised edition because interest in self-publishing is at an all-time high right now and they viewed it as the only truly comprehensive how-to, nuts-and-bolts book on the subject.



Had I self-published the same book just five years ago, neither Writer's Digest Books nor any other mainstream publisher would've been interested in picking it up. The self-published edition of the book wouldn't have been very successful either since self-publishing was widely viewed as a fringe activity up until about two years ago, engendering dismissal at one end of the opinion spectrum and open scorn and ridicule at the other.



Let's take a look at some of the supposedly surefire success strategies for indie authors, as they apply to this book and my other, still indie novels.



1. If You Build A Quality Author Platform, You'll Succeed.
I cannot deny that for anyone seeking a mainstream publishing contract, platform is key. Mainstream publishers want to see a pre-existing audience, and the potential to grow that audience exponentially. However, even for me, a retired software engineer with web developer skills of considerable sophistication, no amount of web presence or social networking savvy would've made my book a success five years ago. Even today, no amount of platform quantity or quality would make my book a success if it were poorly written or didn't contain the specific information the target audience wants and needs.



With respect to my novels, platform has not, in and of itself, made much of an impact. Not only do I have a custom, professionally-designed author website, I'm also on Facebook and Twitter, I'm the founder and Editor in Chief of Publetariat.com, I'm a Technorati BlogCritic, on the Board of Directors for the Association of Independent Authors, and...well, I won't bore you with the rest of this litany. Yet despite all this "visibility" and "web presence", my novels only do fair-to-middling business unless I'm actively and specifically promoting them. Why? Because the bulk of my platform activity pertains to serving the needs of self-publishing authors, not readers in general.



So yes, platform is important. But just getting your name and face and the titles of your books out there isn't enough. Your platform activities must be targeted, with each piece of the platform puzzle helping to support the others. At this point, if sales of my novels were to become a priority for me, I'd launch a secondary platform strategy just for them because I know my established audience for The Indie Author Guide is more or less indifferent to my novels.



2. If You Price Your Kindle Books At .99, You'll Succeed.
All of my indie Kindle books have been priced at .99 for over a month now, in a kind of pricing experiment of my own devising. Sales have ticked upward a bit, but not dramatically. It's definitely worth experimenting with different price points on your Kindle or Nook book, since it's easy and low-risk to do so, and you can see (and interpret) results of price changes pretty quickly. But it's a mistake to think that a .99 pricetag is the shortest distance between you and blockbuster sales.



3. If You Make Your Books Available In As Many Formats And On As Many Sites As Possible, You'll Succeed.
My novels are listed on Amazon, B&N, Smashwords, Createspace, Scribd, GoodReads, Shelfari, LibraryThing, and Audible.com, covering the spectrum from hard-copy through ebooks and even audiobooks. Yet no one on the NYT Bestseller list is quaking in his boots from fear of me and my novels. Sales of The Indie Author Guide, on the other hand, have benefitted greatly from the book's visibility across multiple bookseller and book review outlets. Its availability through the Writer's Digest Book Club has made a big difference as well.



Yes, it's important to get your work out there and available through as many outlets as are feasible; just don't assume that doing so will guarantee significant sales growth.



4. If You Get A Lot Of Good Amazon Reviews, You'll Succeed.
My indie novel, Adelaide Einstein, has 47 Amazon reviews with an average star rating of 4.6 out of 5 stars. My other indie book, Snow Ball, has 16 Amazon reviews with an average star rating of 4.43. Adelaide has more and better reviews overall, yet it sells at a fraction of the numbers I see for Snow Ball.



When both books were first published in 2008, Adelaide Einstein sold better than Snow Ball. Now it's just the opposite. I can only speculate as to why, but if pressed, I'd say that the chick-lit and hen-lit genres into which Adelaide fits are somewhat played out, whereas the mystery genre to which Snow Ball belongs is less trendy. It could also be that Snow Ball's darker tone of humor is more appealing to readers in these trying economic and social times.



5. If You Do All Of The Above, You'll Succeed.
I'm already doing all of the above, and my novels aren't doing gangbuster business. But that doesn't mean the work and time I've spent on all of the above was (or is) a pointless waste.



Since you've read this far, I'll share a little secret with you. There actually IS a surefire success strategy that works equally well for any book, movie, game or music release. And here it is:





Capture the zeitgeist in your work, then maximize
your work's exposure.



Yep, all you need do is figure out what the majority of the Western world's populace will be interested in at a given point in time, create a work or product that serves that interest, time the release of the work to coincide with when interest in its content will be approaching a peak, and then make sure as many people as possible know the work exists.

It's that first part that's the tricky bit, the whole "right book at the right time" part. Then, for fiction at least, there's the matter of actually caring enough about the work to imbue it with passion and soul. But even if the Fates smile upon you, you actually have the right book at the right time and it's filled to bursting with passion and soul, the second part of the equation is just as important: maximizing exposure. So while none of the supposedly surefire success strategies is any such thing for books in general, couple the right book with the right time and #5 above, and you're well on your way.



Unfortunately, since you can't know if you've captured the zeitgeist until after your book is published and you've maximized its exposure, you're pretty much stuck working every exposure and sales angle you can to find out. And even if your book hasn't exactly captured the zeitgeist, if it's a quality book in a broad-based genre, there's no reason you can't drum up respectable sales and interest through your efforts. But it will be an effort, you will have to pursue every promotional avenue available to you (given your personal time, skill and financial constraints), and there's just no way around that.



If you're looking for shortcuts or get rich quick schemes, you're in the wrong business.







Friday, January 7, 2011

Are Indie Author Book Tours Worthwhile?

As anyone who follows this blog or reads Publetariat regularly already knows, my financial circumstances have been precarious lately. Because of this, I've concluded I simply can't afford to do the self-financed book tour I had planned to support the release of The Indie Author Guide. "But April," you may ask, "how can you afford not to be out there, promoting your new book? Isn't that what all us indie authors are supposed to do?" The answer, as per usual, is, "It depends."

First, let me break down the realities of small-time author book signings for you. By "small-time", I mean pretty much anyone who isn't such a household name that velvet ropes and barricades will be required for crowd control at the event. Having spoken to numerous local bookstore managers, I've learned they consider a small-time author event that sells 25 books to be a huge success. On average, ten copies is more typical, and isn't considered a disappointment. Given that the author is only earning about a dollar, maybe less, on each of those sales, even if the event makes it over the "huge success" bar of 25 copies sold the author's eventual profit from the event will be $25 or less. Remember, the author won't see dime one of that $25 for many, many months---and maybe not at all, if the book doesn't earn back the author's advance (on a mainstream-published book).

Let's go even further, and say every person who bought one of the 25 copies convinces two friends to buy copies, also. Net cumulative profit for the author is still just $75 or less, and this is under ideal, maximum-sales circumstances. Now subtract what you spent on gasoline traveling to and from the event, plus the cost of any snacks or drinks you purchased en route or while there. Your eventual profit probably stands somewhere around $60 for six to ten hours of your time. And again, this is a maximum-sales scenario we're talking about. It's far more likely you'll sell ten or fewer copies, in which case all your royalty proceeds will be consumed by expenses.

If that time would've been spent watching TV, napping, or otherwise devoted to leisurely pursuits, then a signing event can still be a worthwhile alternative for you. Even if it's not super-successful, it's getting you out of the house, giving you more practice in meeting with the public, and providing an opportunity to win over a few fans. It may also provide fodder for pictures and video to post to your website or blog.

But most indie authors have (and need!) day jobs, and mine is freelancing as an author services provider (e.g., editing, formatting, ebook conversions, etc.). I don't work a nine-to-five, Monday through Friday schedule. Since I still have young children at home who require my attention and supervision whenever they're not in school, I get quite a bit of my work done in the evenings and on weekends when they're on visitation with their father---in other words, during the hours when store managers like to schedule signing events. For me, the choice on a given Saturday isn't between burning through a few more titles on my Netflix queue or spending that time promoting my book instead, it's between earning hundreds of dollars or spending that time promoting my book instead.

Right now, I simply can't afford not to be working.

I'm going to honor my commitment for the first date that was set, at the
Montclair Plaza Borders from 2-6pm tomorrow, 1/8/11, but that's it as far as my book tour is concerned.

I'm also already set to speak at the Writer's Digest Conference in Manhattan the weekend of 1/21-1/23/11, where I'll be on a couple of discussion panels and will also be presenting a Kindle publishing workshop. My travel expenses are paid, but I'm on the hook for my own meals, parking at the airport, and any other incidentals. I've decided it's still worthwhile for me to do this because of the opportunity to meet up with not only my fellow indie authors, but also with the other speakers. The latter group includes several whom I've "known" through online interaction over a period of years, but have never met face-to-face. I'll be losing money on that weekend, most definitely. But it's hard to put a pricetag on the value of maintaining relationships in the business, or on the value of an opportunity to give more of my fellow indies some of the information or how-tos that can help them realize their dreams of publication. It's also a better promotion opportunity for me than a book signing because of all the national promotion Writer's Digest is doing for the event.

So when deciding whether or not to do a signing or speaking event, you have to weigh not only the matter of how much you stand to earn financially and in intangibles, but how much you will be required to give up in exchange. Sometimes, it's worth it. Sometimes, it's not.


*UPDATE* I did my stint at Borders yesterday, all four hours of it. I spoke to exactly five store patrons, and sold exactly one copy of my book in the store. It's interesting to note that three of the five patrons said they planned to buy my book online, where its price would be lower. Given that I enjoy talking shop and can burn through four hours in a bookstore without even trying any day of the week (and twice on Sundays), it wasn't a bad way to spend an afternoon. Still, it was obviously not a profitable event in terms of book sales, and for me, that time would've been much better spent doing freelance work.

Thursday, January 6, 2011

Shelf Life

When my first mainstream-published book, The Indie Author Guide: Self-Publishing Strategies Anyone Can Use, shipped to booksellers at the end of November, I started checking the Borders and Barnes & Noble sites almost daily to find out when the book would become "available in-store". I planned on making the pilgrimmage to all my local stores to see my book on the shelves, but with some ambivalence.

After all, why should I, an outspoken indie author who says brick-and-mortar sales aren't all they're cracked up to be, care if my book is shelved in physical stores or not? I imagined I shouldn't care at all...yet it seemed as if I did. At least, enough to visit the stores in person. I had to admit to myself that I did care, and I was kind of ashamed of that.

I imagined stepping into that first store, striding purposefully to the reference section, and being thrilled to find my book right there on the shelf next to all the others I'd so often perused in days gone by. I'd bring a camera with me, so I could enjoy that rite of passage so many authors I know have allowed themselves: having my picture taken, standing there in the bookstore with my book in hand, against a backdrop of shelves where several more copies of my book could be seen.

I further imagined coming back home to write a sheepish blog post about the whole thing, in which I'd have to come clean about still harboring some of those same mainstream publication fantasies as my peers who've remained steadfastly anti-selfpub, and who still view mainstream publication as the only publication that counts. Was it possible that in some way, however small and hidden from the world, I still believed it too? And if so, what would that mean?

I decided that having spent the majority of my years in a world where indie wasn't a viable option for the great majority of writers, and where self-pub was heavily stigmatized, it was only natural that my brain would become imprinted with such notions and as a writer, I'd internalize them without even necessarily being aware of it. But if this were the case, as Ricky Ricardo might say, I'd have some 'splainin to do.

Well, by now you've probably noticed there is no picture of me proudly brandishing my book posted here. The outcome of my little expedition to that first store surprised me.

As planned, I drove to my nearest store and walked in, camera in hand. I found five copies of my book on the shelf, and my reaction was one of, "Huh. So there it is. Yep. Right there." I felt no more excitement at seeing my book shelved in a Barnes & Noble than I might've felt eyeing my car coming out of the far end of a car wash. It wasn't a thrill for me at all; it was merely a confirmation, like double-checking to ensure a deposit I've made was properly credited to my checking account. I didn't bother having the picture taken, and as I was feeling more awkward than happy standing there, I left. And I didn't bother visiting any of the other bookstores on my list.

I felt WAY more excitement than this when I saw my first self-pubbed title listed on Amazon. THAT'S the moment when I felt like a "real" author. This was just...business.

Part of me feels sort of robbed of this nugget of joy I thought I had coming to me, but the larger part feels relieved to learn I can now say in all honesty and from personal experience, mainstream publication is not the be-all, end-all it's been built up to be for people of my generation and older. If it's been your lifelong dream to see your name on a book on a brick-and-mortar store shelf, I sincerely hope that dream comes true for you one day, and I have no intention of diminishing the importance or meaning of your dream for you. But if you've been of an indie mindset for any significant period of time you may be surprised to find---as I was---when that much-anticipated day of fulfillment finally arrives, your dream apparently changed at some point when you weren't paying attention to it.

Probably when you were busy self-publishing.

Saturday, June 21, 2008

Big Chain Bookstore Death Watch

Bottom Line It For Me, Baby Version (200 Words Or Less):
In a
Random House/Zogby poll released May 29, queried about their habits over the past year, 77% of respondents said they’d bought books online, 76% said they’d bought books in big chain bookstores, and percentages ranging from 16-39% named other outlets, such as supermarkets, drugstores, airports and big box stores. In other words, respondents were just as likely to buy books online as from a big chain bookstore. Asked to specify the single retail outlet from which they’d made most of their book purchases, 68% named retailers other than big chain bookstores. The breakdown is: online – 43%, chain bookstore – 32%, independent brick-and-mortar bookstores – 9%, other retail outlets – 16%.

If you’re an indie author who’s invested considerable time, money and effort trying to get your books into Borders or Barnes & Noble, or has paid higher production costs to a publisher in exchange for listings with these two chains or Ingram’s catalog, you might want to rethink your strategy. If you’re an as-yet unpublished author who has avoided self-publication primarily because the publishing mainstream has you convinced big chain presence is critical, and you know those chains are averse to stocking self-published books, it's time to reconsider.


Go On An’ Run Yo Mouth, I Ain’t Got Nuthin’ But Time Version (Can’t Promise It Won’t Go On Forever):
If you’re still focusing significant efforts on raising your visibility in Borders or Barnes & Noble, or if the difficulty of getting your self-published book into these chains is a major reason for your refusal to self-publish in the first place, the results of a
Random House/Zogby Poll released May 29 will be a real eye-opener.

When asked to name the one type of retailer from which they most frequently bought books in the past year, 43% of respondents said online, 32% named chain bookstores, and 9% specified small, independent bookstores. A specific breakdown isn’t provided for the remaining 16%, but that 16% definitely aren't buying most of their books in chain bookstores. Some quick math on these numbers shows that 68% of respondents buy the majority of their books from outlets other than chain booksellers. Conversely, only 32% of respondents buy the majority of their books in chain bookstores.

In the same poll, respondents were asked to name all the places they’d bought books in the past year. Outlets most often named were online retailers (77%), chain bookstores (76%) and independent bookstores (49%). In other words, respondents were just as likely to buy online as in chain bookstores, and nearly half are also buying from independent booksellers—retailers generally more receptive to carrying indie books. Drug stores, supermarkets, warehouse clubs, big box stores and airports were also named, in percentages ranging from 16-39%, but retailers such as these usually only carry current bestsellers, discounted/remaindered titles, and gift books, so they’re not typically receptive to carrying self-published works. Parse these figures any way you like, but the truth is unavoidable: chain bookstores no longer dominate the bookselling landscape, and in fact are losing ground all the time. None of this should be surprising, and in fact it’s just a case of retail history repeating.

Do you remember precisely when you stopped going to chain music stores like Musicland, Licorice Pizza and Tower Records, and why? For me, a music fan with eclectic tastes, most often looking for artists not represented on Billboard’s charts, the birth of online retailer CDNow (later absorbed by Amazon) was the beginning of the end. No brick-and-mortar store could hope to match CDNow’s selection or prices, and if I wanted something really obscure, I knew I’d sooner find it at an indie/used record store than a chain store. For people seeking chart-toppers, the widening selection of music available at discount stores, big box stores and warehouse clubs like Target, Best Buy and CostCo sounded the music chains’ first death knell.


Department and discount stores couldn’t match the selection of a dedicated record store, but it didn’t matter because their customers were only interested in the most popular current albums, greatest-hits collections and compilations of past hits. Not only could these retailers easily offer a good selection of these low-risk offerings, they could price their titles lower than those in dedicated record stores. Record stores responded by diversifying their product mix with the introduction of videogames, VHS movies and eventually, DVDs, but it was a hopeless strategy built on an already failing business model. There were simply too many other places to get these same items more conveniently, at a lower cost, and in the case of online retailers, with a wider selection. By the time digital downloading became a mainstream phenomenon thanks to Napster, the iPod and iTunes, it was merely the last nail in a coffin already built by other powerful market forces.

Compare this death of an entire industry to chain bookstores’ current situation. Greater selection of books can be had online, at lower prices? Check. Bestsellers, gift books and discount books can be bought more conveniently at other stores, for lower prices? Check. Obscure and out-of-print books can only be found online, or in indie/used bookstores? Check. Attempts are being made to diversify product mix by introducing DVDs, CDs, toys and other products, but none of these products are being offered at lower prices or in a wider selection than through other, pre-existing retail outlets? Check.

Now, explain it to me again: why do publishers and writers continue to believe big chain bookstores still have the power to make or break careers in authorship? Why do indie authors invest in catalog listings with companies like Ingram, or choose to work with higher-priced self-publication outfits on the basis of that outfit’s ability to get catalog listings? True, without the listing your book won’t be accessible to the big bookstore chains’ corporate purchasers, nor those of any other major chain retailer that is not an Amazon affiliate (i.e., Best Buy, WalMart), but none of them were ever likely to stock your book anyway. Most of an indie author’s sales will be from efforts and outlets that aren’t in any way dependent on, nor even necessarily helped by, catalog listings. Worse yet, paying for catalog listings or working with a costlier publisher typically forces an indie author to raise the retail price of his book. This makes the book less attractive to all potential buyers while forcing those who do buy the book to subsidize the cost of its exposure in retail markets that are both small and generally outside the indie author’s reach anyway.


The bottom line is this: even if you succeed in getting a big chain bookstore to carry your self-published book, the maximum market segment you can possibly capture there now stands at 32%, and it's shrinking all the time. Does it really make sense to let 32% of book buyers dictate your choice of whether or not to self-publish, or your choice of publisher, or if you've already self-published, claim the bulk of your promotional resources?