This post is about money … and how much it costs to self-publish.
A lovely writer was asking me about book covers for her new book that Createspace (the printed book arm of Amazon) said should be out in 2-3 months. Wai … What? *hear a needle scraping across an album* Before I could tell her about a wonderful cover artist, I needed her to explain to me about what Createspace had to do with when her book would be released.
Well, she’d paid them $1400 to “self-publish” her book. I almost fell over backwards. After I recovered I asked what was included in that price. Well, they were giving her an ISBN for both print and ebook … umm, both are free from Amazon. Okay, what else? Well they’d format her book. This is definitely something many people pay for because they don’t want to worry it’s not done right. But the fee I’ve found tops out around $30 per format. So this brings it to about $120 (epub, mobi (kindle), nook, kobo). And it included some editing which you can purchase for upwards of $.01 per word, so about $750 for a 75,000 word novel. It did NOT include a cover.
So she paid $1400 for services that she could have gotten for $870 … tops. I was so sad for her. I wish she had done just a little more research before jumping in. (Keep in mind … in the publishing world money should flow TOWARDS the author. That one piece of advice should be in the back of your brain as you’re making all your decisions.)
Then on the other end of the spectrum I’ve had more than one person mention they can’t afford to self-publish. But with a few really good beta readers (one to read for story consistency and a couple to read for typo/grammar), services you can trade with another author … you may be able to skip the editing fee. With patience, uploading to Kindle, Barnes and Noble, Kobo and Smashwords, even getting your book ready for print is easy enough. And if you’re not tech savvy, there are pre-made book covers for as little as $25.
There have been many bestsellers I’ve read in the self-publishing realm whose covers aren’t intricate. Yes, a cover is a reader’s first impression, but people will buy a book on a list even if the cover didn’t roll off the NY presses. When you make some money, switching out covers is a simple process. I’ve switched out several original covers for something that better fit the genre.
Let’s face it, this whole thing is a learning process. My feeling if you’re toying with the idea of self-publishing is that it’s better to have a book up and making some money than having it sit unpublished on your computer making nothing.
And to catch you up on what’s going on with me (because I think it’s important for people to share their numbers) … August Sales were amazing and I thought I’d finally found a formula that works for my books. Unfortunately my sales are pushed by the first book in my romantic suspense series being free. Amazon has decided they are no longer going to run the “free” book list next to the top sellers in a category. I have no doubt many of the readers who downloaded my free book saw it because they were perusing the paid books in the same categories.
Guess what happened in September … sales plummeted.
Blind Her with Bliss: Free 9079 downloads (16% drop)
Deceive Her With Desire: 360 sold = $711.30 (43% drop in sales)
Cheat Her With Charm: 282 sold = $563.75 (45% drop in sales)
Shadows of Fire: 14 sold = $34.38
Barnes & Noble:
Blind Her With Bliss: Free through Smashwords
Deceive Her With Desire: 18 sold = $34.92 (32% drop in sales)
Cheat Her With Charm: 14 sold = $27.16 (33% drop in sales)
Shadows of Fire: 4 sold = $9.71
Blind Her With Bliss: Free (no report)
Deceive Her With Desire: 10 sold = $20.90
Cheat Her With Charm: 2 sold = $4.18
Shadows of Fire: 1 sold = $1.23
The report is difficult to sort through in its current format, it appears I’ve made apporximately $150 in September across all vendors.
I am sure Amazon’s changes had a huge effect on my sales. I can’t say exactly what happened with B&N. Perhaps that’s just the ups and downs of sales. But the fact is … I wouldn’t change my decision to jump on this crazy ride. Feel free to ask me any questions. I’m an open book!