Showing posts with label marketing plan. Show all posts
Showing posts with label marketing plan. Show all posts

Sunday, January 8, 2012

Sales Bump from KDP Kindle Giveaway -- WEEK 1

The grand experiment continues.  How does a self published writer break through to a national audience, to the Million Kindle Club, to the NY Times best seller list?  A growing number of indy writers have done it.  There is no one secret way that worked for all of them.  It is a combination often of luck, talent and marketing mojo.  Some have broken through by advertising on big sites like Kindle Nation, some have struck gold using the KDP Free Book Giveaway, some are brilliant at networking on countless blogs, some have been blessed by the all-powerful Amazon goddess who gives them special placement on the Amazon site.

Today I'm going to share a little success I've experienced using the KDP Free Book Giveaway.  KDP stands for Kindle Direct Publishing and it's the way we set pricing etc for our kindle books.  Initially I priced the kindle of my novel PROSPECT OF MY ARRIVAL at $6.95.  Sales were decent but not great.  I sold maybe 5 books a month, netting me about $25 in royalties.  Then I agreed to be part of the Kindle Lending Library on Amazon.  This allowed me as author to give away my kindle book for free for up to five days.

THE RESULTS WERE INTERESTING.  On the first day, over 400 individuals downloaded a free copy of my novel.  (Even when I had priced my kindle at 99 cents, I got nowhere near this kind of response.)  By the end of the Five Day Giveaway -- over 2000 readers downloaded a free copy of PROSPECT!

What I learned from networking with others doing the KDP Giveaway was that many got a substantial sales bump AFTER the free giveaway, even when they started charging again for their book.  A couple mid list writers with about ten novels under their belt -- continued to sell about 1,000 copies of their kindle a day, netting royalties of about $300.  If they continued throughout the year, they'd earn $90,000 in a year!  But these are semi-established writers with a back list.  Whereas I'm a debut novelist with no back list.  Working on finishing my follow up novel THE HOPE STORE.

The results from my first week post-free-giveaway are not nearly as jaw-dropping as some of my peers, but they represent a significant uptick to my ebook sales.  Prior to the giveaway, I was selling about 3 kindle books a month at 99 cents, netting me about $1.  My giveaway ending December 31, 2011.  From January 1 - 7, I sold 45 kindles of PROSPECT.  This netted me $46.  That's a 4600% increase over previous sales.  If I continue to sell as well or better, I could earn $2,300 a year on kindle book sales alone.


I did an little experiment within my experiment that week.  For the first three days, I priced the kindle at $2.99 and sold 24 books netting me $34.51.  For the last three days, I priced the kindle at 99 cents and sold 21 books netting me $11.55.  So I've decided since the price point seemed to yield the sale number of sales -- I would keep my kindle price point at $2.99 and see if the sales continued to be steady.

In the meantime, my paperback sales for PROSPECT have been okay but kind of flat.  In November, I sold 26 books with a royalty  of $109.  In December I sold 20 books with a royalty of $75.  Didn't get much bump in paperback sales from the kindle giveaway.  So I am going to try lowering my paperback price.  I was selling it for $14.95, but Amazon discounted the book of $10.50 for the first first months.  Now I'm going to try selling the paperback for $10.75 as this is the lowest I'm allowed to go (maybe Amazon will discount it further).  The kindle will be priced at $2.99.  Hopefully this might help my paperback sales.

I got some good visibility in the January 2012 PW Select issue.  Though the book review of PROSPECT was lukewarm, my book cover appeared THREE TIMES in the issue!  Including on the issue cover.  My next big marketing experiment:  from February 3-5, I'm doing some paid advertising on Kindle Nation through an option called Facebook Triple Play.  This has been very successful for many writers.  I'll let you know the results of that.

Question:  I know many of you who reading my blog are also self pubbed writers.  Have you tried the KDP Giveaway?  Have you gotten a sales bump?  What other marketing approaches are working for you?

Tuesday, August 30, 2011

How's your marketing plan?


Well, anyone who is following this blog knows that you are getting a bird's eye view of one author's road to self-publication.  All roads lead to Rome.  This one happens to be mine.  And part of that journey is packing a good marketing plan.  I have talked to other authors and googled how self pubbers market themselves.  In the end, it's cafeteria style.  I pick and choose what works best for me, my personality,. my work-style.  Here are a couple steps along the way.

1.  Decide to self publish. Work with a good editor and designer
2.  Seek out venues for book signing + possible book reviewers + do book giveaway
3.  Make bookmarks to promote your book, seek out book clubs
4.  Design Evite for book signing
5.  Ask the universe for whatever karmic blessings are due to you

Beyond these steps and any others you come up with -- there is just the importance of keeping your eyes open for opportunities.  A fair amount of the marketing plan will be unplan-able.  You'll make it up as you go along.  The first step for me was deciding to self publish in the first place.  My agent sent my book around to a dozen places but when no solid offers emerged, he suggested moving on to the next book.  But I still had faith in my novel PROSPECT and I was aware that publishing paradigms were shifting beneath my feet.  During this time, because I'm a techie, I also developed a cool book trailer and website for the book.  You can see them at dwightland.homestead.com

At Createspace, I was lucky to work with an editor who totally got my book.  Here was the first paragraph of her seven-page critique:  "This was a strikingly original story with characters that felt human despite having specific archetypal titles such as Businessman or Orphan Teenager. Their quirks made them all empathetic and compelling, even, or perhaps especially, the antagonists. The dreamlike and poetic quality of the descriptions was consistent, creating an inner logic for the story that made things like watching dreams on a camera or empathetic painters believable. It is bittersweet, with regret and mystery at the end. It is a cautionary tale, yes, but not a parable or an allegory. The characters were alive."  The editor was also able to perceive pacing issues and missing plot points.  As I shifted from the editing phase to the design phase, I posted mockups of possible book covers on Facebook.  This allowed others to become invested in the evolution of the book.  Always a good idea.  Plus it's great to get quick feedback on these choices.

I made a list of potential publications and indy book review blogs that might be interested in reviewing my novel.  I sent out feelers to journalists and bloggers.  Not just for reviews but for features too.  I thought about possible venues for a book signing.  I kept in mind that with several Borders stores closing in Chicago -- the competition for book signing venues would become more intense.  I figured that indy book stores were my best bet.  I also decided to do a book giveaway on Goodreads.com.  I was delighted when 948 people signed up to win my book.  One Chicago paper has now committed to reviewing my book, and another is considering it.  (Which amazes me since I'm self pubbed, after all.  And I know it's hard for even traditionally published novelists to get reviewed.)  I did some author interviews for bloggers and will follow up with leads.  Two book stores have agreed to host book signings for me!  (The image above is from the Evite I'm developing for this event.)

I had heard of authors doing promotional bookmarks and that always seemed smart.  Even moreso with a print-on-demand book or e-book that is so intangible.  It made sense to me to have a bookmark with an eye-catching book cover and information on how to order my book.  The best vendor was NextDayFlyers.com which has built in software for laying out your bookmark.  This way you don't need to buy Photoshop or Publisher.  Over the coming months, I'm dropping off stacks of bookmarks at the many coffeehouses, community centers, restaurants that I frequent.  When I go to parties, meetings, street fairs -- I carry a stack of bookmarks.  I had them shrink wrapped in packets of 100.  I'm very social.  Also I'm familiar with members of a gay south asian org.  They have a book club and I asked if they'd be interested in reading my book.  They have added me to their list.  And a pal of mine belongs to a book club at the Book Cellar where my book is under consideration.  Of course, I am happy to attend the discussion, if they read my book and would like me to chat with them.

So now I'm designing the Evite for my big initial book signing/reading on October 26.  The gay asian organization I belong to -- www.chicagoi2i.org -- has offered to host a post-reading gathering at a nearby restaurant which is sweet.  Let me add, in closing, that though Step 5. is "Ask the universe for whatever karmic blessings are due to you" -- it could easily be Step 1.  I happen to be Buddhist so I chant for wisdom and courage.  And I chant that my book finds its way into the hearts and hands and Kindles of every reader who can be moved and inspired and delighted by my book.  But whether you align yourself with a path of faith or are more secular -- it's always a great thing to hope for.  For me, I can't figure all this stuff out with just my brain.  There's a whole lot of luck and karma involved.  And any extra perks from the universe are always welcome!

THE NEXT BLOG INSTALLMENT
Stay tuned for the next thrilling chapter of my journey.  Subscribing to my blog via email is the best way to make sure you get that post as soon as I write it.  On the right hand of the blog toward the top, just enter your email address.  You'll instantly get the latest updates.  And you can unsubscribe whenever you like.  If you just "follow" my blog -- you have to manually search my blog for new content.

I'm a pretty good out loud reader.  My background is as a poet so I'm comfortable reading/performing for audiences.  So I could share some of my tips of overcoming the jitters and having a good reading.  The key is to always remember that it's not about you.  It's about the audience.  It's about communicating across a great distance so they can be touched and tickled and happy that they came to your book event.  More on that later.