Tag: Self Publishing

Indie Publishing, Publishing, Writing Business

Audiobooks: The Next Indie Frontier

Rachel Rueben
Image via Pixabay

Five years ago, I wrote a post about audio books and I’ve been wanting to write another since there have been so many changes in the past year alone.  When I wrote: Audio Books: What Indie Authors Should Know, producing an audiobook was expensive and time consuming.  Also, there was the fact that there wasn’t any real place to promote them.  In the article I actually said, “there is no BookBub for audiobooks,” but guess what?  That all changed in March of 2019, when BookBub announced their latest newsletter called, Chirp, which promotes limited audiobook sales to readers.  Neat, huh?  However, the feature is still in beta and you’ll have to join a partner  waiting list.     

As if that weren’t enough, Kobo announced their own audiobook subscription service for readers which costs $9.99 per month.  This is lower than Amazon’s Audible’s subscription fee of $14.95 per month.  So for the first time in a long time, Amazon has some competition when it comes to audiobook retail.  This is great for indie authors because the barriers to enter this market are slowly disappearing bringing opportunity to distribute audiobooks farther and wider.  Audiobooks have always been difficult for indies and here are just a few hurdles we’ve faced:    

Problem #1:  Production 

Just a few years ago, you had two choices when producing an audiobook and those were: DIY (Do It Yourself) or go through Amazon’s ACX.  This was because most professional narrators have a fee of around $200 – $400 per hour.  At ACX, they had narrators who were either paid based on a flat fee, or shared a piece of the royalties.  Many authors pressed for cash took the later and hoped for the best.  Today however, indie authors can find reasonably priced narrators (notice how I didn’t say cheap) or find a narrator who will agree to a royalty share at the following places without any exclusivity:      

Problem #2:  Distribution    

If you went through ACX, the terms were exclusive or you paid for expanded distribution with smaller royalties.  Since at the time, ACX was the biggest game in town, most indie authors went in that direction, naturally.  Making money with ACX was hard because you could only sell your books on Audible, Amazon.com or iTunes.  Many indies, myself included, didn’t see the point in even producing an audiobook when distribution was a joke. 

Luckily in 2017, Draft2Digital partnered with Findaway Voices to make audio production and distribution seamless.  So now that ACX has real competition in this arena and indies should be seriously considering getting into the market.  If authors start going elsewhere to produce and distribute their audiobooks, maybe Amazon will be forced to rethink their contracts at ACX.    

Problem #3: Marketing

As I stated in the beginning of the post, just a few years ago, there weren’t any major sales routes for indie authors wanting to advertise their audiobooks.  However, things have improved and now, there are more serious avenues that indies can pursue when promoting their audiobooks.  

For those who don’t have a big advertising budget, there are sites that will review your audiobook and even hold giveaways if you’re interested:

The Reality Of Audiobooks:  Doing The Math

What a lot of indie authors don’t understand is that it takes time to get an ROI on an audiobook.  Despite all of the hype that has been going around the publishing community in the last year, this is a lot of work.  One professional narrator said that authors have to sell about 100 ebooks to make just one audiobook sale.  So this is not a get rich quick scheme, in fact, despite the new opportunities, I would still caution indie authors to set realistic expectations when going into the audio market. 

Another point authors don’t consider is the complexity of a project, for example, some authors commission several narrators to read the female and male characters of their book.  If this is your idea, you’re going to have to pony up more money of course.

So as you can see, audiobooks are not the cash cow that some people are claiming.  I still think audiobooks are worth the investment but only after you’re making consistent sales on your print and ebooks.  I see audiobooks as a more advanced part of an indie author’s career.  This particular game isn’t for rookies because you can easily lose money in this type of project.  Nonetheless, the audio market is evolving after years of stagnation and those indies who are ready could find another potential stream of income and this is always a good thing in our industry.                 

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apps, Book Promotion, Marketing, writing

Chatbots: How Authors Are Using Them For Marketing And More!

Rachel Rueben

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Image via Pixabay

In the past three years, a new type of book marketing has emerged using internet bots which has indie authors buzzing.  Now bots have been around for years, but they were only available to those who understood coding or had deep pockets to hire someone else who did.   Today,  I want to explain the possibilities as well as the pitfalls of this new marketing tool.  But before we move on, let me explain what a bot is…

According to Techopedia, an internet bot is piece of software that is programmed to do automated tasks on the internet. This can include things like; answering questions, collecting data, selling products, and pretty much anything else you can imagine.  In an article from the Atlantic, it was estimated that more than half of all internet traffic now consists of bots.  So you’ve most likely encounter one either on social media or at a major retailer’s site.  Internet bots can be a life saver for small businesses, because they save both time and money.  Imagine having a bot greet a person who just signed up for your email list right on your website, or who answers questions on social media.  Now let’s take it a step further, image a bot conducting a giveaway or doing deep research on your behalf.  Neat, huh?  Well that’s just the tip of the iceberg when it comes to this type of technology.

The Publishing Industry Is Already Onboard

Last year, Harper Collins launched its own Epicreads chatbot for teens on  Facebook Messenger, they also have another bot called, Book Genie both bots offer book suggestions to readers.

 

Epic Reads Bot
Epic Reads Chatbot

 

The traditional publishers aren’t the only ones getting onboard with social media bots, indie author Nick Stephenson, has a bot of his own on Messenger as well.  His bot alerts you to new articles and free video training.

On the Self-Publishing Formula podcast, host James Blatch spoke with indie author Kerry Gardiner, who gave examples of how authors are using bots in order to;

  • Build up their email lists
  • Increase their social media following
  • Ask for reviews
  • Create choose your adventures for readers

She has a bot of her own which she created for her website called, BookBotBob.  On the site readers choose whether they want a free or discounted book.  Once the choice is made, the bot eventually moves the conversation over to Facebook Messenger.

Kerrys Book Bot
BookBotBob Chatbot

Kerry also has a course in which she teaches indie authors the in’s and out’s of creating a bot for Messenger.  (Not affiliated.)

The Pitfalls of Automating Your Marketing: A Warning

There are numerous stories of people who have used bots to automate their marketing and failed miserably.  The results include situations where bots spouted inappropriate gibberish at random people, to bots that got social media accounts deactivated for violating terms of service.  Remember, before creating your bot for a social media site learn about the rules because bots need to be approved before they can deployed on any site.  For example, did you know that on Facebook Messenger, promotional content is allowed for standard messaging but not allowed for subscription messaging?  Strange, huh?  To learn more, check out more about Facebook’s rules and regulations for developers here.

How To Create Your Own DIY Bot

Believe it or not, it’s not that hard to learn how to create a bot, because these days you don’t even have to know how to code to do it.  There are several services also that will allow you to create a basic bot for free (restrictions apply).  The service that lots indie authors are going gaga over is ManyChat because it’s a free site and easy to use.

Here are just a small list of resources which can help you to design your own bot:

If You’re Not Technically Inclined

If you aren’t technically gifted, you can always find someone to do the job for you.  Below, I’ve list several websites where you can find a freelance chatbot developer.

Final Thoughts

Marketing experts believe that bots are here to stay but there are others who believe that AI devices like voice assistants are the future, and will make bots obsolete very soon.  Personally, I can’t say what the future holds but if bots can help make our lives easier now then why not use them?  They are much cheaper than hiring an assistant and they don’t need rest nor do they give you (the boss), attitude.  If you’re an overwhelmed author who can’t find the time for things like social media or email marketing then bots may be the answer for you.

 

 

Business, Indie Publishing, Marketing, Publishing, Social Media

The Future Of Book Publishing: Figuring Out The Next Move

Rachel Rueben

The Future Of Publishing
Image via Pixabay

It’s 2018, and 2017 is finally behind us which has a lot of authors wondering, what’s next?  Well, I took out my crystal ball and tried to see what the future holds for the publishing industry?  Will bots replace authors?  Short answer—not anytime soon.  Will AI technology replace word processing software like Microsoft Word and Scrivener?  In a nutshell—not yet.  Do we finally get our jet packs?  Again—not anytime soon.  So what will change next year?  Well, read on and find out…

Prediction #1: No More Superstars

It was pointed out at one news outlet that there were no breakout books in 2017.  Many blamed the slow down due to various political elections around the world and although, that could be the case, it could also be an ominous trend.  One only has to look to the music and movie industries to see where ours is heading post digital revolution.  For the past ten years, shelf space at brick and mortar stores has been disappearing and there are no indications that trend will cease.  When Barnes & Noble announced they would focus less on books, and applied for a liquor license, the publishing industry shuddered.  Amazon alone, now controls 71% of the ebook market, and accounts for 37% of all print book sales in the U.S. and has no serious rivals as of this posting.  This leaves the publishing industry at a huge disadvantage.

Major publishers are finding it harder and harder to introduce new books to the masses which has them turning to their backlists in order to make a profit.  Also, it’s been reported over the past few years, that midlist authors are being unceremoniously cut loose by major publishers.  So what does this mean to indie authors?  It means that the industry is getting careful about their spending and they’re doing everything they can to squeeze every last dime out all of their intellectual properties.  Many authors will have to either move on to another line of work, or seriously consider self-publishing.  This will ultimately mean more competition for indie authors.
In fact on the Creative Penn, this was discussed and the conclusion was made that the superstars like J.K. Rowling and Stephen King will become a thing of the past.  Mainly, because there won’t be any money to invest in an author’s career anymore.  This will lead to self-publishing becoming a default setting in an author’s early career.  In other words, self-publishing will become the norm and the only way to get a contract with a large publisher. That’s if large publishers can remain relevant.

Prediction #2: Social Media Is Going To Get A Lot Harder

In October, Facebook, began dividing their user’s newsfeeds in two, between personal and promotional posts in an experiment.  Without warning, people in six countries found their newsfeeds had changed, dramatically.  It was similar to what email services like Gmail and Outlook, did when they divided their inboxes between promotional and primary tabs.  Though Facebook says it doesn’t plan on rolling out these changes to every single country just yet, it does makes sense to begin shifting your marketing plan away from your page and possibly focus more on Facebook groups or maybe consider spending money to get your posts seen.

Prediction #3: Authors May Turn To Mobile Apps & Texting Services To Reach Readers Directly

With the effectiveness of email and social media marketing coming into question, those authors who went mobile won’t sweat it too much.  Believe it or not, apps and texting services aren’t for big businesses anymore, celebrities, athletes and even musicians are embracing the technology.  Romance author, H.M. Ward, said during an interview at the Self-Publishing Formula that most of her readers open her emails on their phones which is why she has a texting service to reach them now.  However, she does also say that your list has to be worth it (profitable) to warrant the expense.  The good news here is, is that these options are becoming less expensive with each passing year which, is perfect timing for authors looking for a new way to connect directly with their readers.

Prediction #4: AIs Will Make Books More Accessible   

You’ve probably heard by now that podcasts and audiobooks are very popular in this busy world we live in.  Instead of mindless corporate playlists on the radio, people are listening to niche podcasts and even audiobooks on their way to work, or at the gym.  Amazon saw this coming and developed their AI, Amazon Echo, to easily link with their ebooks and Audible library.  So readers can now have their audiobooks accessed and played while, ebooks can be read by Amazon’s AI for free.  Google and Apple are likely going to follow suit because they also have AIs and a somewhat healthy book catalog.  In fact, it’s believed that AI technology will only continue to evolve and affect every area of our lives from healthcare, to warfare.  Physicist and author, Stephen Hawking, has gone on record predicting that AIs will eventually take over the world.

Prediction #5: Virtual & Augmented Reality Will Present New Opportunities

In October of 2017, Harry Potter fans were treated to a thrill when Google announced it would be offering on their virtual reality platform Daydream, a gaming adventure based on the book series.  Also, this past year, The Washington Post, published an augmented reality article based on the Freddie Gray case.  It’s believed that in the future, media outlets will begin using augmented reality more in order to present complex stories.  As if that weren’t enough, The Washington Post also has a robot reporter who already published 850 articles.  Called Heliograf, it is being used to free up staff from redundant projects as well as helping with big data sets.  So what does this all mean?..

It means that it’s not beyond reason that publishers could use this type of technology when presenting both fiction and nonfiction books.  Several decades ago, publishers were producing choose your own adventure books where an author would write alternative endings to a story and readers would decided which one they wanted to follow.  This was popular for a short while but it may be revived if technology evolves.  That could mean interactive books will take on a whole new dimension and authors, as well as publishers, will have a new potential income stream.

It also means that big data is going to play a larger role in aquisitions, meaning data trends will soon play a role in how much a publisher will pay for an intellectual property.

In Closing

I hope I gave a balanced view of the future, there is a lot for indie authors to look forward to as well as several challenges.  Isn’t that always how reality goes?  Now, I’m handing the mic to you, if have any predictions of your own, add them in the comment section.

Business, Publishing, writing, Writing Business

Should Indie Authors Write According To The Trends?

Rachel Rueben

pinterest_a1c55566a5
Image Via Pixabay

 

It’s controversial advice that’s been given to authors since nearly the beginning of the printing press, and that is to write according to the trends.  Most authors scoff at the idea citing that by the time they write this trendy story, and publish it, the trend will be over.  Sadly, they’re mistaken, it’s traditional authors who are restricted by the time constraints of corporate publishing.  Indie authors are flexible and have time on their side, if we don’t catch the first wave, we can always catch the next.

Besides trends are usually patterns, patterns that have repeated themselves over and over since the days of the Greek bards and campfires.  Let me show you…

Trendy or Familiar?

The first modern romance novel made its debut in 1740, it was called Pamela, by Samuel Richardson.  Since that time the story has been retold by generations of authors such as Jane Austen, Margaret Mitchell, Daphne du Maurier and even E.L. James.  But why?  Why do authors keep writing the same story and more importantly, why do readers keep reading those stories?  The prevailing theory is that the reader is trying to recreate or recapture a feeling.  That makes sense because according to Psychology Today: “When evaluating brands, consumers primarily use emotions (personal feelings and experiences) rather than information (brand attributes, features, objective facts).”  This means readers gravitate towards the familiar but is that really a surprise?  If a certain book made you feel good about yourself or the world around you, why wouldn’t you want to repeat that experience over and over again?

Trends aren’t new to the publishing industry in fact, there are people who get paid big money to predict them.  There are patterns in every market whether it be real-estate, tech, or retail but if you are observant enough you can predict them too.

Everything Has Been Done Before—Everything!

Think your work is original?  Hardly, just ask any agent or editor who reads unpublished manuscripts for a living and they’ll tell you nothing is original.  They’ve seen werewolf billionaire erotica and even self-help books on sex in the afterlife.  Your book is probably not going to shock anyone let alone, surprise them.  Besides, they’re really not looking for originality, they’re looking for profitability.

Trendy or Cyclical?

Since the days of Homer and the Bible, salacious stories have been the norm in human literature.  E.L. James wasn’t the first to write about BDS&M try the Marquis De Sade or Anne Desclos.  Think thrillers are a bit too violent and filled with sex these days then, try the Iliad or the Cypria.

I’ll break this down even further: In 1990, vampires became huge when a series of Anne Rice’s novel Interview With A Vampire went to the big screen.  Then two of the biggest stars Tom Cruise and Brad Pitt, were cast as the lead characters and the movie made a fortune so a few years later Queen of the Damned, was released.  History went on to repeat itself in 2008, when Stephanie Meyer’s vampire novel Twilight, was release and made into a series of movies as well.

Around that same time in the 90’s several of Danielle Steel’s romance novels ruled the bestsellers list and were eventually made into television movies.  Today, Nicolas Sparks and Nora Roberts, are enjoying that same success in the 21st century.  Noticing the cycle here?

Here is a small list of the genres that become trendy over and over again.

  • Romance
  • Erotica
  • Horror
  • Sci-Fi
  • Thrillers

How Authors Can Use Trends To Their Advantage

If you’ve already published an erotic novel and that genre becomes trendy again, you could relaunch with a new cover and maybe even a new title.  Your book doesn’t have to be brand new, many indie authors have relaunched books from their back catalog and found great success.  Why not cash in on a trend when the opportunity strikes?

Another thing to consider is to anticipate reoccurring trends, we all know that vampires will eventually come back.  Ever since Bram Stoker published his novel Dracula, in 1897, they have been making their rounds.  The same goes with romance novels that feature rich men and virtuous (virgin) women, remember Pamela?  Sure these books get modernized but the basic elements are always there because the publishing industry won’t mess with a sure thing.        

A Final Thought

I believe authors recoil at trends because of the notion of selling-out but there is no such thing in the business world.  Remember as an indie author you are a publisher and you need to understand the industry or suffer the consequences.  Every year millions of people start businesses all over the world and most of them fail.  Don’t be that business, take advantage of all of the opportunities that present themselves.  Don’t be shy and don’t apologize for making money with your art.  *Stepping off soapbox*

Advertising, Book Promotion, Marketing, Publishing, Writing Business

The Science Behind Book Covers

Rachel Rueben

Book Cover Design
Pic from ClipArt.co

Though things have changed a bit over the past decade, there are still indie authors who refuse to take their book covers seriously.  I still see book covers that look terrible or don’t fit their genre and the sad thing is, some authors are still designing their own covers.  Some do it out of necessity, while others are just plain cheap and stubborn.  Ask any cover designer and they will tell you that there is a science behind what they do.  There are trends to consider as well as standard formats.  We all know what a typical romance novel cover looks like, but imagine if someone tried to use that same format for a mystery.  It would probably get mocked.  In fact, there are several websites and blogs that do just that.

Color Me A Bestseller

Consumers don’t have time or the cash to evaluate an unproven product but they do judge the packaging.  In fact when it comes to color many corporations pay good money for data as to which colors to use in their product packaging.  Colors are so important that they can make a product look trustworthy or shoddy.

In a study done by Joe Hallock, the least favorite color by both men and women is orange because it was said to look cheap.  The most favorite color by both genders was blue, because it’s said to represent authority, truth, and tranquility.  That could explain why Facebook, Twitter, and Tumblr all use blue in their logos and web design.  Here are the top 5 colors favored by customers:

  • Blue (Authority, Integrity, Peace, Tranquility)
  • Green (Freshness, Earthiness)
  • Purple (Luxury, Spirituality)
  • Red (Love, Passion, Danger)
  • Black (Formality, Death, Rebellion)

When it comes to unexpressive colors like black, white and grey men tolerated these better than women.  However when it came to tints (a mixture of colors), women preferred softer colors like pastels while men preferred brighter ones.  This makes sense because the romance genre is filled with pinks, lavenders, and baby blues while the mystery genre is dominated by gray, red and black.

Faces Are Just As Important

It’s been proven by science that ads which feature attractive people sell more and that’s because beautiful faces excite a part of our brain which bypasses the parts for reason and logic.  (Think low risk impulse buys.)  Advertisers have known for generations that consumers can be subconsciously trained to buy something they don’t necessarily need.  So if you were thinking that all those romance covers with attractive people in sexy poses is cheesy, you’re wrong, it’s classic advertising.  This is why indie authors should study the books in their genre and see how they’re packaged.  Usually there is a pattern and if you can crack that code, you’ll have a competitive edge.

Genre Specific Trends

Every genre has its trends and some of them have endured for decades while others like the YA girl in a fancy dress have come and gone.  Here is a small list of trends in the four main genres, I only listed successful indie authors.

Romance:  What is typical for the romance genre is an attractive couple embracing or kissing but there is also a lot symbolism of romance like hearts, flowers and beautiful scenery.

Authors to study: S.C. Stephens, H.M. Ward, and Jessica Hawkins.

Mystery:  One thing that most mystery novels have in common are their dark backgrounds with bright forefronts or fonts.  Another thing included was usually a person in action as well as weapons, and urban surroundings.

Authors to study:  Mark Dawson, Chris Simms and Liliana Hart

YA:  The most common theme was an attractive female looking sad or indifferent.  Another popular theme was a female in a romantic pose with a male like a romance novel.  The color scheme often include pastel tints like lavenders, blues and pinks.

Authors to study:  Kristy Moseley, Shelly Crane, and Tarryn Fisher

Sci-Fi: The obvious thing you’ll notice about sci-fi covers are the backgrounds of outer space with spaceships.  However there are covers with models in warrior poses or in space suits ready for action.  The colors schemes are often dark backgrounds with bright forefront images.

Authors to study: Hugh Howey, Bella Forrest, and Michael Anderle.

Following Your Gut

A few years ago, bestselling indie author H.M. Ward, wrote a blog post discussing how her personal preferences almost tanked her book’s sales.  In the post she gives an example of how her original artsy, cover for Scandalous didn’t sell much.  After investigating, she realized something and that is you can’t give people what YOU want.  Trends and standard formats exist for a reason, it’s what the readers are responding to.  It’s been said, that people tell you what they want all the time and all you really have to do is listen.  So save yourself the stress and listen when readers talk.

In Closing…

I hope this post helps as you go searching for a book cover, it’s in no way meant to be a list of commandments, it’s just a guide to help you figure out what’s best for your book.  Many authors find cover design overwhelming and confusing, which can lead to them giving creative control to someone who doesn’t understand publishing.  Remember, just because it’s pretty, doesn’t mean it’s marketable.

Business, Indie Publishing, Marketing, Publishing, writing

Should Authors Go Exclusive With Amazon in 2017?

Rachel Rueben

instagram_88e1c8b741
Image via Wikimedia Commons

Several years ago, Amazon’s KDP introduced their Select program which allowed authors who published through them to give away books for free on their site if they signed a 90 day exclusivity agreement.  Thinking 90 days wasn’t much of a commitment, many authors agreed to it.  Fast forward to 2017, where Amazon is selling over 30 million books and nearly one million of those books are free on any given day flooding the market.  The numbers alone have authors questioning whether going exclusive with Amazon is even worth it anymore?

Your Goals Matter

No matter what the latest marketing tricks are at the moment they mean very little if you haven’t a clear definition of where you want to go.  It’s vital that you ask yourself before you sign any long term contract, why am I doing this?  Do I wish to…

  • Make money
  • Get more reviews
  • Build up an email list
  • Sign with a traditional publisher and go hybrid
  • Become an influencer in a chosen field
  • Build a publishing company
  • Republish a back catalog of work
  • Build a career as an author

As you can see there are a myriad of reasons why people self-publish and many of them don’t require you signing an exclusivity contract.  For example, if you want to sign with a traditional publisher then it might not be wise to lock your work up for any period of time.  If interested, a publisher may insist you take down the book and you can’t do that if you’re only 10 days into your 90 day exclusivity agreement.

Why Ask For An Exclusive?

It’s not uncommon for retailers like Amazon, to ask for exclusives, most retailers do.  It gives them the competitive edge because they offer something their competition doesn’t.  However the manufacturer or vendor (in this case you), usually gets something in return like favorable product placement in exchange for the temporary inconvenience and loss of profit.  Yet with Amazon, there is no such negotiation and instead of favorable product placement, books that are put into the Select program are put on a special list away from the paid books when they go free.  This is the reverse of favorable product placement since the paid books are the default page that shoppers are sent to.  It’s great for Amazon, who gets exclusive content but bad for indie authors who get relegated to a nebulous tab.

Amazon's KDP Select Program

The Psychology Behind it

Lots of authors believe that exclusives are done because retailers and publishers are greedy and though that’s debatable, retailers actually do it because it works.   It’s been proven that products which are available on a limited basis create a scarcity mentality in the minds of shoppers.  It triggers the buy impulse when customers believe this opportunity may never come by again.  Exclusives also make customers feel a sense of appreciation because the retailer is offering them this valuable product making them feel part of a privileged group.

Yeah, But Why Free?

In retail the competition is fierce, these days customers are much savvier and do their research before making purchases.  If they find a product at an online retailer at a cheaper price, that’s called showrooming and it forces brick and mortar stores to match that price or even beat it.  This is how Amazon kills the competition after all, what’s cheaper than free?  Even other book retailers like Barnes & Noble can’t compete with this and have begun positioning their business away from books.

Exclusivity Vs Expanded Distribution

Believe it or not, many startup companies claim exclusivity as the secret ingredient to their success.  However, it’s not the only ingredient, exclusivity should be part of a deeper marketing strategy.  Authors should be leveraging this exclusive period to collect reviews or email addresses for their lists.  Don’t just sit on your duff during this period, there is still work to do —plan the next move.  Ultimately that should mean branching out to other retailers like Kobo, Apple and Barnes & Noble.

 Authors Remaining Exclusive: A Thought

There are experts who used to advise indie authors to remain in the KDP Select program permanently.  They proposed that indies use one book as a loss leader and forgo immediate profits for long term ones.  They suggest that authors use their free book to collect email addresses and sell the next book.  However this may not be a good idea today because several indie authors now report their downloads dropping after the second or third time around in Select.  So going exclusive with Amazon will work but only for so long.  Today, we have no choice but to make our books available everywhere you possibly can because the old tricks don’t work anymore.  Another thing we indie authors have to consider is the inevitable fact that sometime in the future another company will knock Amazon off its perch and wouldn’t it be nice if all our eggs weren’t in one basket?

Indie Publishing, Publishing, writing

Becoming An Amazon Bestseller: The Stats

Rachel Rueben

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Pic via Pexels

Before I get started, I wanted to let you know that this isn’t one of those, why you’ll never be a bestseller type articles, it’s an article about mathematical odds.  The odds about Amazon’s KU program and the amount of competition you’ll face on just Amazon alone.  There’s this prevailing notion that it’s simple to become a bestseller on Amazon, after all they make it so easy to publish that it seems success is inevitable, right?  Yet what a lot of indie authors don’t understand is that we need to know the industry before we publish.  For example, how saturated is the market?  Should we bother creating an audio book?  What are the odds for authors published through Amazon to actually make it to the bestseller’s list?

Using Amazon’s own numbers, I’ve put together some facts that will either confirm your suspicions or utterly shock you.

How Many Books?

It’s estimated that Amazon holds 65% of all new online print and digital sales in the U.S. and that percentage is expected to go up as Barnes & Noble (their second biggest competitor) changes their business model which will now focus less on books.

(These numbers are from Amazon.com as of January 12, 2017):

They sell over 33 million books on their website which includes:

  • 19 million Paperback
  • 6 million Hardcover
  • 8 million Digital
  • 305,000 Audio
  • 500,000 Large Print

That means if you have 1 book, your odds are 1 in 33,000,000 and the more books you publish, the better your odds get. Now I know these sound like astronomical odds but when you consider that most major publishers and indie authors don’t market their books at all, your odds improve ever so slightly.

On a side note, your odds of winning the lottery are around 1 in 13,000,000.   Just thought I’d throw that in.

Is Going Exclusive The Ticket To Exposure on Amazon?

In 2011, Amazon created a program called Amazon Select that would help self-published authors get better visibility on their website.  For 5 days you could set your book’s price at free, but as you can imagine there was a catch, authors had to agree to a 90 exclusive period.  That meant no selling your book at any other retailers.  This seemed like a no-brainer and many authors signed away but it’s now 6 years later and Amazon’s website contains over 912,000 free ebooks as I type this (January 12th 2017).  Some of these books are permafree while most are enrolled in Select.

Kindle Unlimited

I wouldn’t be doing my job if I didn’t mention the most controversial program in self-publishing history and that’s the Kindle Unlimited program.  It’s Amazon’s subscription service where readers can read, or listen to an unlimited amount of books and magazines for a monthly fee of $9.99.  As of today, Amazon boasts of 1 million titles in that program.

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So How Do We Stand Out From The Others?

If you’re feeling demoralized after reading all these stats don’t, selling books was never easy just ask any publisher.  Yet as we speak the barriers that once prevented indie authors from getting into libraries and major chain stores are slowly disappearing.  So it is truly the best of times and the worst of times for the publishing industry.  Now begs the question what do we do about it?  Here are a few suggestions for improving your odds:

  • Create a reasonable business plan and make yourself accountable.
  • Build a platform
  • Publish during popular shopping holidays; Thanksgiving, Christmas, Halloween, etc.
  • Make your book available at retailers and libraries.
  • Network with influencers and other indie authors
  • Have a marketing budget because effective marketing costs money.

It goes without saying that the earlier you start the better, this way you can pivot and maneuver in case of a catastrophe.  Just this past year alone, several sites like All Romance Ebooks, Ellora’s Cave, and Pixel of Ink closed their doors for good, citing Amazon or the market at large as the reason for their closing.  Needless to say, this forced some authors to scramble and find alternatives.

The Moral of This Story

The moral of course is that success comes in many forms not just bestseller lists and awards.  For some of us, just being able to make a living doing what we love is more than enough validation.  And though the competition is tough, it is possible to break through with a lot of hard work, smart marketing strategies and of course, perseverance.  However we still need to be realistic about what we’re willing and able to do because honesty is the foundation of any great career.