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!
So it’s been a month since I shared sales figures for my self-published romantic suspense series. In the spirit of full disclosure I thought I’d share what’s happened since I put the first book in my series up for free! I have to tell you, there are still LOTS of people who cringe that authors are doing this for fear it may set up 1) unrealistic sales expectations for readers or 2) that it is devaluing the time and talent required to write a full novel. But as you’ll see, this is working for me.
I didn’t enroll these short novels in the Kindle Select program where Amazon asks for exclusivity to any books in that program. They also offer authors the opportunity to take advantage of 5 free days during the 90 day period it is in the select program. This just didn’t seem to fit for my books and I chose to upload my book through Smashwords and have it distriubted for free to all venues save for Amazon. Once the lower price was reported to Amazon, my book was price matched at the $0.00.
And I want to repeat what I said last month. There are many authors making goooood money through self-publishing. Some of these authors are even being courted by Amazon to pull their book from the virtual self-publishing shelves and sign a contract with their Montlake publishing arm. There are many success stories, including Debra Holland, who has also been forthcoming about her sales success with her self-published series. But remember it ain’t all roses and royalty checks for everyone.
And there isn’t one right path to success in the self-publishing business. What works for me and my books, may not work for you. The only consistency is writing the best book you can and making sure it not only is well-edited, but also presented in the correct format for the platform whether it be kindle, nook, sony or iTunes. So don’t hesitate to try different price points or different methods of promotion. Find out what works for you.
Listing the first book in my sexy romantic suspense series, BLIND HER WITH BLISS has been a real boost for promoting my books. Following are the sales I posted last month for books released 4/11, 6/11 and 11/11. (Sales figures are just for Amazon, because there weren’t enough others at B&N, Smashwords or ARe to make an impact on my royalties.)
December: 136 books = $142.80
January: 74 books = $84.22
February (until the 20th): 4695 free books 20 books = $40.00 (approx.)
And here are the sales for the full month of Feb and March (to Date). And just a note, I took my books down from All Romance Ebooks because they really weren’t selling over there:
Free Downloads: 6280
Deceive Her With Desire: 73 books = $76.65
Cheat Her With Charm: 62 books = $65.10
Barnes & Noble
Free Downloads: 2319 (through Smashwords)
Deceive Her With Desire: 87 = $168.78
Cheat Her With Charm: 56 = $108.64
Apple (through Smashwords)
Total Books: 264 = $448.85
(That’s if I’m reading my Smashwords report correctly. It’s the first time I’ve had sales there, so I’m trying to figure this one out)
So there you have it. It may not be the blockbuster sales other authors are experiencing, but seeing as March is turning out to be my most successful month ever, I’m extremely pleased. I whole-heartedly believe that offering my book for FREE! is working for me. BLIND HER WITH BLISS floats between 15 and 30 on the free romantic suspense list right next to the PAID list. And 25 to 40 on the contemporary list. (It was lower on both lists at the beginning of the month when downloads were at their peak.) Being listed next to the paid books means that readers who search particular categories may peruse books listed for free as well.
B&N doesn’t have a ranking system, but I have no doubt it is the free book that allowed readers to try out a new-to-them author and brought about the sales of the second and third books in the series. Since I haven’t seen any sales at that venue prior to this, it is the only thing I can attribute my sales success this month.
Again, this method might not work for you. But with my sales the highest they’ve ever been, I know offering the first book in my series is working for me. Writers, have you tried something different that worked to get your books noticed? As a reader, what makes you willing to try a new author you’ve never read before?