Showing posts with label select. Show all posts
Showing posts with label select. Show all posts

Saturday, December 29

Edward Robinson And How To Sell Books Using Amazon KDP Select

Edward Robinson And How To Sell Books Using Amazon KDP Select

I love Edward Robertson's blog, Failure Ahoy!, and I recommend it to anyone thinking about publishing their work. Ed is also a wonderful writer, I love his prose.

I first read Ed's blog because of his posts about Amazon KDP Select. The truly great thing about his articles is that Ed shares his experiences in book publishing, including his sales numbers, both good and not so good.


Today I'd like to talk about Ed's latest post, I'm New to Indie Publishing, Part 5: The Long Term, and discuss the various publishing strategies he mentions.


1. Selling Books With Select: When Does Using Amazon Select Make Sense?


a. You have an established series that isn't selling as well as you'd hoped


Let's say you've written and published 3 books in an urban fantasy series. None of these books are enrolled in select.

Case One:


Let's say you're preparing to publish the 4th book in your series. By enrolling your new book in Select you would be guaranteed that a lot of folks would see your book, including some folks who wouldn't have otherwise tried it. Also, you'd probably increase the number of people who visited your website or blog as well as the number of people subscribed to your mailing list. (That's a rough paraphrase of one of Ed's points.)

When I read this my first thought was that if a writer already had a huge fan base that Select wouldn't be of interest. Ed has something especially interesting to say about this objection (see point b, below).

I'd like to sound a cautionary note about putting your book in front of readers who wouldn't normally read it. Of course this can be great. What writer doesn't want more readers? That said, some writers believe that's where most of their one star reviews come from, folks who don't like the book just because, say, they don't like that genre but they read the book because it was free.

Another thing. Some folks think that if something is free then it's worthless. Just the other day a commenter wrote that they'd never read a good book that was free. I suppose one could have had several bad experiences in a row and given up but I've seen plenty of great books that were free, or nearly so. For instance, the publisher of one of my favorite authors, Kim Harrison, offered several of her books for 99 cents.

Okay, enough about Case One. I do agree with Ed that this is an instance where someone with an established series should at least consider releasing their new book with Select. They may decide it's not for them, it just depends on their circumstances.

Case Two:


You've got one book in your series that is under-preforming. One way to boost sales is to enter just this book in select to get a few more eyes on it.

Case Three:


You move all 3 of the books in your series into Select. Now you'll be able to offer one of them free every month. Of course you'd have to be careful to make each book entertaining as a stand-alone, but if you want a lot more eyes on your work this would do it.

b. You have an established series that is selling like gangbusters


In the previous case we looked at a series of books that wasn't selling well, or at least not as well as the writer/publisher wanted. Now let's look at a series that's selling quite well. Ed uses Hugh Howey as an example.

I need to think more about this suggestion before I have an opinion so I'll let Ed explain it in his own words:
I'll put it another way. Let's say Librios, the god of books, strolls down from book-heaven and presents you with a choice. He can make you a bestseller at Kobo, but you have to remove your book from the iBookstore. Mwa ha ha ha! Would you do it?

Unless you're already a bestseller at both places, of course you would. The argument for publishing to every possible outlet is that you never know where a book might take off, so you should buy as many lotto tickets as possible to up your chances of breaking out.

But if you're doing that great with Select and its borrows, you have already won the lotto.
Let me say again that Ed's post is great, terrific, and I agree with most of what he says. I would like to mention, though, that there is another argument for publishing in every possible outlet, one other than that one never knows where a book is going to take off. (Though I am not saying anything against that point of view.)

Let's say I've published one book. I've published it everywhere I can. Let's say that means it's available in 10 different electronic bookstores. I only need to sell 10 copies of my book at each bookstore to sell 100 books a month. 10 copies of a book a month isn't a lot. Now think of it selling 10 copies a month at 20 different bookstores. You get the idea. All the little sales add up. If you sell your book in enough bookstores even if you only sell 10 a month, you'll be selling hundreds of copies a month when you add up all the sales.

At least, that's one argument. There's a lack of data on how often that happens.

Ed has a lot to say about the advantages that the Kindle Owners' Lending Library (KOLL) can provide a writer and it's well worth the read. I know I'm going to be thinking about what he has to say for a long time to come.

Tomorrow I'll look at the second half of Edward Robinson's article and look at strategies for selling books without Amazon KDP Select.

Update: Click here for the second half: How To Sell Books Without Using Amazon KDP Select.

Have you ever used Amazon Select? What was your experience like? Would you recommend it?

Other articles you might like:

- The Magic Of Stephen King: How To Write Compelling Characters & Great Openings
- Should A Writer Let Her Reader's Expectations Influence Her Artistic Judgement?
- Writing in 2013: Bend don't break

Photo credit: "187 Days" by Ian Sane under Creative Commons Attribution 2.0.

Sunday, December 2

Amazon's KDP Select Program Has A Lot To Offer New Writers, But What About Established Ones?

Amazon's KDP Select Program Has A Lot To Offer New Writers, But What About Established Ones?

Amazon's KDP Select program is best for writers who haven't yet cultivated a large readership, but even if you have it can give a boost to a book that's underpreforming as well as broaden your readership. At least, that's what Jeff Bennington says.

Yesterday, thanks to Elizabeth Craig and her marvelous tweets, I discovered Jeff's great post on KDP Select. Jeff has used the program for some time and his article is a must-read for anyone considering enrolling: How to Win in Amazon's KDP Select Program.

Jeff wrote his article on October 25th of this year, before Amazon put an additional $1.5 million into the pot for Select authors, but that just strengthens his argument. (See: Amazon Sweetens the KDP Select Pot For The Holiday Shopping Season)


Amazon's KDP Select: A Great Program For New Writers


Amazon KDP Select is best for writers who haven't yet cultivated a large readership and want to.

Since Amazon's Select program allows you to offer your book, free, for up to 5 days per enrollment period this virtually guarantees thousands of people will download your book (if they don't, take a second look at your cover, your blurb, and so on). (See: What To Do If Your Book Sales Are Low)

At least, if they're anything like Jeff. Jeff writes:
I average about 8,000 (small books) - 15,000 (novels) downloads with every freebie run.
In September of this year he gave away nearly 20,000 books and sold well over 5,000. Not bad!

But lets not even look at book sales. In the beginning what is of critical importance is for readers to find your work. Using Amazon's KDP Select program you can put your book in front of thousands of readers so, at the very least, it's a great way to grow a readership. And, if you include a link back to your blog, you'll get more followers.

As any established writer will tell you, there's no shortcut to success, but it can be very nice to have an initial boost.


Amazon's KDP Select: Can Help Expand Your Readership


Let's say you're an established author, one who already has a large readership, so the benefits of Amazon's KDP Select program aren't as attractive to you. Also, you worry that your readers--those who either don't have access to Amazon or who choose not to buy from it--would be alienated by your choice to publish exclusively through them.

There's still a couple of reasons why you might consider using the program.

1. Books that under-perform


This happens. You've written a book you believe in. You think it's a great book but it's not selling as well as you'd like because it hasn't found its audience. This kind of book is an excellent candidate for the KDP Select program.

What you want is to get your book in front of more people, different people. After getting downloaded thousands of times chances are you'll reach more of the folks who will love it and you'll end up broadening your readership.

2. You change your genre


Established writers sometimes want to start writing in a different genre. For instance, Jim Butcher is currently working on the first book of a new steampunk series. (See: Jim Butcher Begins Another Series, The Cinder Spires: It's Steampunk!)

Mr. Butcher, of course, has enough fans to get the word out that he doesn't need programs like Amazon's KDP Select, but other authors might choose to release the first book of their new series using Select. It might be a good idea to pull the book out of the program at the end of the three month term, but even a one term enrollment could give a new series a nice push.


Jeff Bennington's Amazon Select Success Story


Jeff writes:
[I]n my last six "freebie runs" as I call them, I've hit the Top 20, five out of six times, and the sixth time I hit #58 with Creepy, book 1 in my Creepy series.
Now that's impressive!

Jeff writes more about what he does to achieve these figures at the end of his article. If you're considering using Amazon's KDP Select and wondering if it's right for you, give his article a read.

Other articles you might like:
- Writing Prompts: Defeat Writer's Block And Generate Ideas
- NaNoWriMo Ends. Editing Begins!
- Amazon Sweetens the KDP Select Pot For The Holiday Shopping Season

Photo credit: "Chichicastenango Market, Guatemala" by szeke under Creative Commons Attribution 2.0.

Friday, November 30

Amazon Sweetens the KDP Select Pot For The Holiday Shopping Season

Amazon Sweetens the KDP Select Pot For The Holiday Shopping Season

If you were thinking of trying out Amazon KDP Select, now's the time.

Today Amazon sweetened the KDP Select pot, adding a total of 1.5 million dollars to be paid out to authors over the next three months. A total of 700,000 dollars of that money will be dispensed in the month of December effectively doubling the amount of money an author can make during the peak buying month.

Here's the relevant section from Amazon's press release:
[A]uthors can earn a share of both the regular monthly fund and the bonus every time their book is borrowed from the Kindle Owners’ Lending Library on Amazon.com, Amazon.co.uk, Amazon.de and Amazon.fr (Kindle Direct Publishing Adds $1.5 Million Holiday Bonus for KDP Select Authors)
How much money can an independent author make if they enroll their book in Amazon's KDP Select program? There are no concrete answers, but more than ever before.

- Over the past year Amazon has paid out 7 million dollars to writers who have enrolled their books in the KDP Select program. That's a little less than $600,000 a month.

- Over the month of December Amazon will add a bonus $700,000 into the pot IN ADDITION to the regular $700,000 that goes to KDP Select authors. But that's only for December. The remainder of the 1.5 million will be paid out to authors over January and February of next year.

The upshot: Over the Christmas season, the season you're likely to sell and lend the most, you'll get twice the payoff. But you'll have to put all your eggs in the Amazon KDP Select basket.


Is The Sweetened Pot Worth The Price Of Exclusivity?


First let's give Amazon their say. What are the pros?

1. A massive amount of ereaders = record numbers of sales and borrows


Amazon has obliterated all its previous records for Kindle sales over the last few months. I'd love to have hard numbers regarding exactly how many Kindles there are in the world versus iPads and Nooks, but what really matters is who buys and reads the most ebooks.

According to Bowker "Amazon dominates the world ebook market" and in May of 2012 Digital Book World announced that the Kindle was by far the reading devise most frequently used to read an ebook.

Even more interesting is Bowker's observation that "35% of ebook buyers are power buyers, and they buy 60% of ebooks & spend 48% of the market". I wonder whether power buyers are equally distributed between the platforms, or whether Amazon has more of them. I remember Jeff Bezos said that, on average, after a person buys a Kindle they read 4 times as many ebooks than they did previously. (See: Jeff Bezos: Amazon Makes No Money On Sales Of Kindle Ereaders Or Tablets)

2. Double the money


Depending on the number of books you have for sale and how new those books are, you'll stand to make more than double what you made in KDP Select last year, all things being equal.

But things are never equal. First of all, there will be MANY more Kindles in peoples' hands this year than there were last year and more people enrolled in Amazon Prime (it's only Amazon Prime folks who can borrow books from Amazon's lending library).

3. Access to Amazon's best seller lists around the world


Amazon mentions that 500 Select books have placed in their top 100 lists worldwide. Getting your book in the top 100 is terrific for sales, not only of your current book but for all your other books as well. (See: Amazon Ranks Authors In Terms Of Their Book Sales).

Unfortunately Amazon hasn't mentioned how many KDP titles (versus Amazon KDP Select) made it into the bestseller lists, nor do they mention how many books are enrolled in Amazon Select, so it's difficult to know what to make of that figure.


Mark Coker: Think Twice Before Accepting Amazon's Sweetened Deal


Should authors enroll their books in Amazon's KDP Select program? Mark Coker, founder of Smashwords, says NO, hell no! (See: Amazon The Grinch ...)

Mark Coker writes:
I contended, and still contend, that exclusivity is a devil's bargain. When authors go exclusive with any retailer, they increase their dependence upon that single retailer, limit long-term platform building at other retailers, disappoint fans who shop at other stores, and hobble the development of a thriving and competitive ebook retailing ecosystem.
As you can imagine, Mark Coker isn't happy about Amazon's move to monopolize independent book sales over the holiday season.
Let's address each of these points. Mark Coker contends that if an author enrolls their books in Amazon's KDP Select program they:

A. Increase their dependence upon that single retailer


Yes. Absolutely. At least, authors would increase their dependence on Amazon if they kept all their books in the Select program. But what about those authors who employ a mixed strategy? For instance, those authors who only enroll their books in Amazon's Select program when they're first released and then, after the 3 month term has elapsed, remove them from the program and distribute them as widely as possible.

Wouldn't authors employing a mixed strategy enjoy the best of both worlds? Your book would get an initial bump in readership because of the perks Select offers (free days and inclusion in Amazon's library) and then, after its term in the program ended, you could pull your book out and distribute it as widely as you wanted.

B. Disappoint fans who shop at different stores


Certainly if a fan doesn't have access to the Amazon store they would not be able to buy your Amazon Select books, but I haven't seen any data on how many folks are cut off from accessing Amazon's store versus other stores. In North America most people have access to all the estores but I have no data on how it is for the rest of the world.

If (for instance) Smashwords is much more accessible in certain parts of the world, parts of the world where your fans live, then this is a strong objection. If, on the other hand, Amazon can be assessed from all the places Smashwords can, the objection loses some 'oomph'.

True, some folks don't want to buy a book from Amazon, and if your book is in Select there's no other way to get it.

Perhaps knowing your fan base could help you decide. You could put a poll up on your website or send email out to your mailing list. Ask your fans how they would feel if you enrolled your books in Amazon Select.

C. Hobble the development of a thriving and competitive ebook retailing ecosystem.


For me, this objection is the least convincing.

First, would enrolling your book in Amazon's KDP Select program "hobble the development of a thriving and competitive ebook retailing system"? I'm not convinced and here's why. It's difficult for foreigners to get their books into Barnes & Noble, you can't do it directly. The only way is to enroll them in Smashwords and then Smashwords distributes them to Barnes & Noble.

I haven't heard anyone raise a fuss about this. Is Barnes & Noble hobbling the development of a thriving and competitive ebook retailing system?

I think that whether Amazon KDP Select will hobble the ebook retailing system is yet to be determined.

Second, even if publishing exclusively through Amazon DID harm the ebook retailing system it seems as though Mark Coker is asking folks to pass up probable gains in favor of not causing an unspecified harm to something nebulous (what exactly IS the 'ebook retailing system'?) at some point in the future.

Third, Smashwords stands to lose from what Amazon is doing, it stands to lose BIG. Coker isn't arguing as an uninterested party, he has stakes in this game, big states, and he's asking authors to continue to support Smashwords because ... well, because we want the ebook retailing ecosystem to thrive.

I think most indie authors are interested in where they'll make the most money over the month of December. After all, if you're like me, you have rent to pay, groceries to buy, not to mention the extra expenses of the Christmas season.

Against this someone might reply that those are short term reasons and I should be thinking long term but the fact is that we really don't have any statistics which will tell us what the long term is going to be.

Okay, that's my 2 cents! I've been writing impassioned blog posts lately, I wonder if something is in the air.

What do you think? Are you going to put any of your books into Amazon's KDP Select program?

By the way, just before I hit "publish" I noticed that Passive Guy had weighed in on Mark Coker's post. He wrote:
Mark Coker makes a lot of his Silicon Valley background. PG has been involved with many tech companies large and small. The good ones never complained about their competition. Instead they focused on building better products and services than their competition offered.

Other articles you might like:

- Does Amazon KDP Select Drive Away True Fans?
- Amazon's KDP Select: The Best Long-Term Strategy?
- Crowdfunding: Cutting Out The Middleman

Photo credit: "Bengal Tiger / Tigre de Bengala (Panthera Tigris)" by Esparta under Creative Commons Attribution 2.0.

Tuesday, May 22

More on Amazon Select: Is exclusivity worth it?


I know I've written quite a bit about Amazon Select recently, but I've been looking for good information on it for some time, information from other indie authors, and it seems to be coming in a flood.

Today Joe Konrath had this to say about Amazon Select:
I've lost some of my faith in the Kindle Select program since it originated, and as a result I've opted my titles out. Select requires exclusivity, and I found I was making more money via Smashwords, Kobo, B&N, Overdrive, Sony, and Apple than I was through Select lends.

The other advantage of Select--being able to make your ebook free--used to result in a nice bounce from the free list to the paid list. Lately, the bounce isn't nearly as dramatic.

Two weeks ago Ann Voss Peterson made her thriller ebook Pushed Too Far free for a week. She gave away 70,000 copies--which is impressive, even beating many of the giveaways Blake Crouch and I had done (giveaways that got us in the Top 100 paid list and made us lots of money.)

Ann never hit the Top 100 paid. She's currently at #158. This is great, and she's thrilled, but she's only allowed to do this once every 90 days, and I don't believe the benefit corresponds to the loss of income from the other retailers.

If you do decide to make your ebook free, go all in. Use the 5 full days allotted, contact as many websites as you can find who announce freebies, and enlist everyone you know to help you spread the word.
Read the rest of Joe's comments here: Guest Post by Robert Gregory Browne, in the "Joe sez" section. He follows these remarks with fabulous advice for indie authors.

I'm paraphrasing.

- Get as many books as you can up for sale as quickly as you can. Your writing is the best advertising you could have.

- Don't be afraid to experiment. Experiment with pricing, covers, promotions, and share your knowledge with your peers.

- Bundle. For example, sell your short stories as stand-alones, then group them into an anthology and sell that. Do the same with your books, especially books in a series. "This increases shelf space without writing more."

- Forget about advertizing and marketing. It's not worth it.

- Keep your fingers on the pulse of the industry. Joe recommends subscribing to:

Publishers Lunch
PW Daily
Passive Guy
Kris Rusch
Dean Wesley Smith
David Gaughran
Bob Mayer
Mike Stackpole
Mike Shatzkin

- As Neil Gaiman recently said, "Walk toward your mountain." In other words, figure out what you want to do and do it. Of every decision ask yourself: does this take me closer to, or father away from, what I want to do. Then, and this is the tough part, believe in yourself and ignore those who ridicule you.

- As Joe put it, "The world needs heroes. Be one." Pass along what you've learnt and encourage others the way you would have liked to have been encouraged when you were where they are.

That's it! Reading the list over, it seems like I could title it, "Joe's Commandments for the indie writer".

Before I end this article, I want to give you a link to an article on KDP Select by the above mentioned David Gaughran. It explains, among other things, the nuts and bolts of KDP select and why Amazon's bestseller lists are so important to indie authors. Read it here: Amazon & The Importance of Popularity

Related Articles:
Changes in Amazon's Algorithm: An Update
Amazon's Ranking Algorithm Has Changed: what this means for indie authors
Self Publishing on Amazon: Kindle Direct Publishing


"More on Amazon Select: Is exclusivity worth it?," copyright© 2012 by Karen Woodward.