independent authors

Self-Publishing Coach Offers Advice on Pricing E-Books

WRITERS. How do you price an e-book? That’s a hot topic now that more and more independent authors are competing with legacy publishers. Everyone is trying to find the correct price points for fiction and non-fiction e-books in a market that Forrester Research expects to grow from $169 million in 2009 to almost $3 billion by the middle of this decade.

Cover of All Smart Cookies Can Self-Publish by Emily Hill
Emily Hill owns A.V. Harrison Publishing. To learn more about her workshops and personalized coaching, visit www.avharrison-publishing.com

In a recent press release, self-publishing coach and advocate Emily Hill shared her thoughts about e-book pricing for fiction and non-fiction e-books.

Pricing Fiction E-Books

“Except for the insatiable demand for paranormal/action stories, the fiction market is totally and completely glutted. This includes romance, westerns, young adult, and historical fiction,” states Hill. She believes e-book pricing for fiction comes down to three factors: (1) market demand; (2) the author’s emotional comfort zone; and (3) trial and error.

As fiction authors have flooded the market, Hill notes that readers must now do the job that used to belong exclusively to agents—separate the well-written manuscripts from the ones that just aren’t very good.

To get the attention of book buyers in today’s crowded marketplace, some first-time authors have resorted to giving their e-books for free—hoping to lay the foundation for future book sales.

Hill believes offering free fiction books can be a mistake: “Authors who give away their e-books and then loudly tout their ratings are frauds in my opinion. They either lack confidence in their work, don’t want to devise a marketing plan, or haven’t made friends with their fan base.” She emphasizes that, “If you are doing commercial writing (writing to make money), you should be writing to your fan base, and writing what they want to read.”

When she recently examined how the ten best-selling fiction titles for Kindle were priced, Hill found prices ranging from $0.99 to $12.99. Six of the best-selling titles were from one of the “Big Six” legacy publishers, and four were from independent publishers. The average price of e-books published by legacy publishers was $9.09, compared to either $0.99 or $2.99 for the fiction from independent publishers.

Because this sample of ten was so small, Hill consulted authors she regards as mentors for her own publishing efforts. Dean Wesley Smith advises charging $2.99 for short novels, $4.99 for a short-story collection, and $4.99 for standard-length novels. Tony Elridge suggests pricing e-books at $2.99, then using ‘book bundling’ to sell sets of titles at a higher price.

Nathan Bransford has noticed that the price of e-books have dropped dramatically over the period from June 2010 to June 2011. He has observed that when presented with two titles in the reader’s preferred genre, a reader will hit “Buy Now!” on the cheaper title, even if that title has been written by a lesser-known author, or even an unknown author or bad writer.

Best-selling independent author John Locke prices all of his e-book fiction titles at $0.99.His non-fiction book, “How I Sold 1 Million Books in Five Months,” is priced at $4.99.

Pricing Non-Fiction Books

When Hill scanned the list of 100 best-selling non-fiction titles in the Kindle Store earlier this month, the most expensive non-fiction title was priced at $7.00 and six of the top sellers were sex-related. But the Kindle Store list changes often. The top-ten best-sellers listed today (Aug. 30) range in price from $7.16 for “Jesus Calling” by Sarah Young to $13.17 for “Guerilla Marketing for Job Hunters 3.0” by Jay Conrad Levinson and David E. Perry.

While it’s important to price your e-book competitively, Hill urges authors not to overlook the other vital elements of book publishing and promotion. Success still requires good writing, a unique story, impeccable grammar and sentence structure, and sharp marketing. She advises writing the best book possible, and marketing it to a fan base you have already established.

Why Independent Publishing Is Growing

Emily Hill is an outspoken advocate of self-publishing and isn’t surprised that the IndiePub movement is exploding. Considering that less than 1% of emerging author’s manuscripts are selected for publication, she wonders “Why would those in the 99% agent-rejected category put themselves through the dreaded query process in the first place?” Hill believes the tough economy and diminished bookstore space caused by the closure of bookstores has made independent publishing the only alternative for most authors.

In addition to offering coaching and consulting services to independent authors, Emily Hill has written two e-books on self-publishing.

“All Smart Cookies Can Self Publish” details the current landscape of the publishing industry and outlines steps necessary to publish and market books on your own. Priced at $3.95, the e-book provides practical advice such as how to insert linked-live Tables of Contents in your e-books and how to push the marketing of your e-books by embedding links to your Amazon and Barnes & Noble pages.

Hill just announced a new addition to her “All Smart Cookies” series, entitled “Making Money on eBooks: Smart Promoting.” The book features insights Hill has gained from teaching self-publishing workshops over the past two years: “You’ll learn how easy—and fun—it can be to make money by self-publishing your tips, insights, memoirs, and how-to guides.”

“Making Money on eBooks: Smart Promoting” sells for $2.99 and includes tips on marketing, promoting, and connecting your titles to the correct audience.

LINKS

All Smart Cookies Can Self-Publish!: A One-Step-At-A-Time 2011 Guide to Independent Publishing (Volume 1)

E-Book: All Smart Cookies Can Self-Publish by Emily Hill

E-Book: Making Money on eBooks: Smart Promoting by Emily Hill

A.V. Harrison Publishing

L.A. Times: E-book Sales Headed for $1 Billion

 

Book-Marketing Expert Advises Authors to Develop a Plan

WRITERS. Book marketing strategist Don McCauley has a clear and simple message to authors: Don’t fall prey to using tools and techniques that do not produce real world results – sales.

He urges you to take the time to create a marketing and publicity strategy that can help you determine which tactics make the most sense for your book and specific target audience.

McCauley says it’s natural to want to do what everyone else is doing. But using a “one-size-fits-all” marketing strategy to promote your book is like taking someone else’s medicine—the results will likely not be good.

Just as each and every book is unique, every target market is specific in regards to age, gender, geographic region, wants, needs and preferred approach. Thus, developing a marketing and publicity strategy for your book requires a thorough analysis of all the systems, processes, functions and procedures within the general marketing plan.

“So many people new to marketing are looking for that elusive idea that works. They all work,” says McCauley. “However, not all of them, or perhaps none of them, will work for a specific book.”

Some authors listen to all the great ideas out there and then try them out, one by one. “This is precisely the wrong approach,” McCauley emphasizes. “Using a ‘try it out’ approach will cost a great deal of money. Not only will money be wasted on experimentation, but there will also be a terrible waste of time.”

“Don’t use a tool or method because someone else said it should be used. Failure usually results from concentrating on tools like Twitter or Facebook, rather than concentrating first on the blueprint – the strategy,” says McCauley. Making a plan can help you focus on those marketing methods that are best for achieving your own very specific goals. In addition to deciding which methods to use, you should plan how, where, and when the chosen methods will be implemented.

Don McCauley is a marketing strategist with over 30 years of experience. He is the co-founder of ‘Book Marketing – The Authors Marketing Powerhouse’, facilitator of the Free Publicity Focus Group, and hosts several of ‘The Authors Show’ radio programs.

He offers book-marketing training to authors and publishers, as well as no-charge, no-obligation marketing and publicity strategy analyses. The strategy analysis reports cover specific topics relevant to marketing and publicizing books in the current Internet marketing environment. McCauley notes that marketing strategies designed to sell books in the past generally do not transfer well to Internet marketing.

On his website, you can find video training, complimentary e-books, and reports with titles such as

  • Using Article Submission as a Marketing Tool
  • Top Ten Reasons Why Your Book Isn’t Selling
  • Top Ten Reasons Your Internet Marketing Plan May Fail
  • Questions You Really Need to Ask Before Entering the Marketplace
  • The Fine Line Between Becoming Famous and Becoming Invisible
  • Creating Trust: Using Words that Sell

LINKS

WEBSITE: Free Publicity Focus Group

E-Books from Free Publicity Focus Group

Guide Encourages Writers to Cash in on Kindle Gold Rush

WRITERS. “Kindle Gold Rush: Auto Pilot Income for Writers” is a package of three guides that explain how to write e-books for Amazon’s Kindle Direct Publishing. The guides were developed by Angela Booth, who has been writing successfully since the 1970s. She offers training in copywriting, blogging, and writing for the Web.

The Kindle Direct Publishing program makes it easy for writers to become self-publishers.

According to Booth, once you understand the Kindle process, you can make money by writing and formatting e-books for others, or publish and sell works of your own. Angela has spoken with several writers who are busy retrieving and revising unpublished books from their desk drawers and uploading them. One writer uploaded eight e-books in a single day

In a recent issue of her Fab Freelance Writing Ezine, Angela made these predictions about Kindle publishing in 2012 and beyond:

  • Most freelance writers will add Kindle publishing services to those writing services they already provide to their clients. Writers will find opportunities in editing, proofreading and converting text to Kindle format.
  • Writers will be going through their archives and repurposing material for the Kindle
  • Writers will find more writing jobs on Kindle-related outsourcing sites. Some businesses are already seeing the promotional benefits of Kindle publishing.
  • Blogging writers will be developing Kindle ebooks from their blogs, as well as creating blogs that live both on the Web and the Kindle.

The “Kindle Gold Rush” package includes the following guides:

  • Publish Your E-Book with Amazon Kindle (PDF, 41 pages)
  • Write Genre Novels for Fun and Profit (PDF, 33 pages)
  • Write and Sell an E-Book: Every Writer’s Quick-Action Guide to Writing E-Books (PDF, 35 pages)

The package also includes a 14-page case study about John Locke, who is making over $100,000 a month writing digital novels. He is the first self-published author to sell a million e-books on Amazon.

LINKS

Angela Booth’s Writing Genii