What the Dreck?

Slush Pile

The Dreaded Slush Pile

Two popular terms among authors and readers make me cringe every time I see them—which is much too frequently. There are some very strong opinions about this subject, too.

  • dreck
  • slush pile

These terms generally refer to the ‘worst’ of the books, but this definition by itself creates some problems.

  • There is more than one way to define the word ‘worst.’ Do you mean editing, subject matter, sales rank, very short books, web content disguised as books, or something else entirely?
  • Thus, some authors take this the wrong way. “Are you talking about my book?”

Any one of these things, by itself, doesn’t necessarily make a book bad:

  • Maybe an author has a fantastic story, but on a low budget, chose not to invest in an editor without knowing if the book would sell. Given a choice, I’d rather have a great story that needs editing over a lousy story with superb editing. (But there are many excellent stores with good editing to choose from, so this isn’t a decision that we really have to make.) My point is that editing alone doesn’t imply that a book is bad.
  • Similarly, if the book simply has poor formatting, it could still have great content. I wouldn’t call a book poor just because it could use some tender-loving formatting care.
  • A miserable sales rank—or no rank at all—doesn’t make a book lousy. Maybe the cover and blurb aren’t attracting attention, but the story is amazing. Perhaps the author didn’t attempt any marketing. Or maybe there is a very tiny audience for the book. These things don’t determine that a book is poor. (Just that the author isn’t getting rich from that particular book. At least not presently—for all you know, it could have sold like hot cakes when it first came out, but just hasn’t sold in recent months.)
  • How about a very short book—just a few pages? If the information is valuable, people will want it. If it’s very well written, what’s the problem? The beauty is that customers can decide if that appeals to them. More people writing short books doesn’t mean that other books won’t sell. It doesn’t mean that shorter books are selling. Kindle Unlimited makes it easier for customers to reach 10% of shorter books, but Kindle Unlimited doesn’t encourage customers to download shorter books. Why borrow ten very short books? Customers spending $120 per year may be more inclined to get the best possible value for their money. But let’s just say that shorter books do start selling more. This means that those books are appealing to customers. If those short books truly are dreck, customers will stop buying them. So if they sell frequently, they must not be dreck just because they’re short.
  • Perhaps you’d like to judge the content as dreck—e.g. certain kinds of romance novels, sales pamphlets, get rich schemes. Return to my last point. If it’s selling and continues to sell, apparently it’s satisfying readers. How can you call something dreck if readers appreciate it? Because if there is something that you’re sure is better, then wouldn’t readers also agree that it’s better and stop buying the ‘dreck’? But again, even if it’s not selling, that doesn’t necessarily mean that the book is bad.
  • There are, indeed, books that we may agree are lousy. Maybe we can judge by the intention of the author. If the author made a poor effort, and was just hoping to turn a quick buck, perhaps that could properly be classified as lousy. If the author tries to deceive readers, does that make the book lousy? If the author recruits dozens of reviews to make a book seem far better than it actually is, when the author knows that nobody would have bought the book otherwise, can’t we call that book lousy?

The worst of the worst, however you want to define them, are important for two good reasons:

  • When a reader experiences a book that turns out far worse than the reader was expecting, it leaves a significant impact on the customer’s reading experience (and it tends to change the customer’s book buying habits).
  • When one of the worst books sells, it frustrates authors who have worked very hard to master their craft and publish a quality book.

Not all mention of the ‘slush pile’ stems from good intentions, though:

  • Some authors feel a sense of superiority and mention the slush pile with a sense of arrogance and disdain. This isn’t expressed as the frustration of an author who worked hard, but comes out as an “I’m better than you” feeling.
  • Some authors feel a sense of inferiority and mention the slush pile to feel better about themselves.
  • It may be in the financial interest of traditional publishers to advertise the slush pile as often as possible, hoping to create a perception that self-published books aren’t worth reading so that more customers will, hopefully, buy traditionally published books.
  • Editors and book formatters may advertise the slush pile, hoping to encourage authors to hire their services. (Editing and formatting are important. I’m not saying you shouldn’t pay for such services, just that this might be one of the motivations for advertising it.)
  • Some readers want to feel superior in terms of what they are reading. For example, they might feel superior reading literary works, and thus denounce everything else as dreck.

Personally, I feel that not enough people read. A greater selection improves the chances that everyone can find a book that he or she would like to read.

Here are some truths about the ‘dreck,’ including reasons that I cringe every time I hear it mentioned. (Am I a hypocrite for mentioning it here? My hope is to help improve the perception, and that some good may come from the following points).

  • Every indie author who mentions the slush pile or dreck is marketing a poor image for indie books, which in turn hurts his or her own sales indirectly. Oops!

  • The worst books aren’t in the way of better books. Lousy books that don’t sell quickly fall in the rankings and fall down into the depths of obscurity. Why worry about lousy books that are hard to find?

  • When a self-published author says derogatory things about other authors’ books, how does that affect his or her image? Brand a positive image for yourself. It might even help your sales.

I’m not saying that we should ignore books that have problems.

Here are some positive ways to address this issue:

  • Don’t advertise lousy books.

  • Don’t use the words ‘dreck’ or ‘slush pile.’

  • Do find a few excellent examples of self-published books and advertise those instead of the bad ones.

  • Don’t put other authors down.

  • Do find indie authors who are producing quality books and bring those authors up.

  • If you know a friend or acquaintance who is a newbie author, offer some helpful tips that will result in a better first book.

  • Occasionally share tips in your social media posts that would help fellow authors produce better books

  • Help motivate self-published authors to perfect their books.

  • Do your best when you self-publish. Do some research. Seek feedback. Don’t view your first book as an experiment. You only get one chance to make a good first impression.

Chris McMullen

Copyright © 2014 Chris McMullen, Author of A Detailed Guide to Self-Publishing with Amazon and Other Online Booksellers

  • Volume 1 on formatting and publishing
  • Volume 2 on marketability and marketing

Follow me at WordPress, find my author page on Facebook, or connect with me through Twitter.

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#Free #ebook w/ #KindleUnlimited (**New** Twitter Amazon Hashtags for Kindle Unlimited) #AmazonCart

Kindle Unlimited Hashtags

Amazon recently launched Kindle Unlimited, a subscription service where customers can access 600,000 titles (including all 500,000 KDP Select tiles plus 100,000 more from small presses, with some popular series like Harry Potter in the mix) for $9.99 per month. A customer can borrow up to 10 books on the device (which doesn’t have to be a Kindle) before needing to return one to make room for another. Authors receive a royalty in the form of a KDP Select borrow for each Kindle Unlimited download after the customer passes the 10% mark. You can read more about Kindle Unlimited by clicking here.

Like it or hate it, neither praising nor complaining are marketing strategies. If you enroll in KDP Select, you want to find marketing strategies that help you benefit from the program; if you opt out of KDP Select, the presence of Kindle Unlimited still impacts how to market your book effectively. Adapting to change and finding effective marketing strategies are proactive ways to reap benefits while others idly watch, wait, and remark.

For example, you could be using hashtags to help with your Twitter marketing. If you have already built a large fan base and release a new book, Twitter can help with that, but some authors use Twitter effectively to do far more than that. For one, you can use hashtags effectively. For another, if you become an active, appreciated member of a Twitter network, you can garner much support for your occasional promotions in the form of retweets, for example.

Here are some hashtags that you might be using to market your KDP Select e-books in the Kindle Unlimited era:

  • Hashtag #KindleUnlimited. Make it easy for Kindle Unlimited customers to see that they can get your Kindle e-book for free.
  • Hashtag #Free. Like the example I made with the title of this article, you can combine these hashtags (#Free with #Kindle Unlimited). You might also include Reg. $5.99 (or whatever the list price is).
  • Hashtag #AmazonCart. This new feature helps Twitter customers quickly add your Kindle e-book to their carts to buy later, and offers you the ability to monitor the effectiveness of your promotional tweets. Click here to learn more.

You don’t want to spam your followers to death, but if you learn to use Twitter effectively, build a following, and become a respected member of your network, it is possible to use Twitter effectively to promote your e-book.

Chris McMullen

Copyright © 2014 Chris McMullen, Author of A Detailed Guide to Self-Publishing with Amazon and Other Online Booksellers

  • Volume 1 on formatting and publishing
  • Volume 2 on marketability and marketing

Follow me at WordPress, find my author page on Facebook, or connect with me through Twitter.

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Will $5.99 be the new FREE?

Free Reading

Book Pricing Strategies

Amazon recently launched Kindle Unlimited, which allows customers to download multiple books all for just $9.99 per month. The selection includes all 500,000 KDP Select books plus an additional 100,000 books, including Harry Potter. (Read more about Kindle Unlimited by clicking here.)

If Kindle Unlimited really catches on—it looks quite promising for readers—it could be a game-changer for pricing Kindle e-books.

Many customers are indeed trying Kindle Unlimited out, and as more customers do this, it will surely impact sales ranks of Amazon e-books.

Let’s look at a little history:

  • 99-cents has often been a popular price-point. It’s cheap enough that customers can buy on impulse and not worry too much if it doesn’t work out. But many also believe that you get what you pay for, and believe this more strongly after a few books don’t work out.
  • When KDP Select first launched, FREE was a popular promotional strategy that worked for many authors. But then FREE lost its luster.
  • $2.99 has been a popular price point. You have to sell 6 times as many books at 99 cents to make the same royalty at $2.99, plus the higher price suggests higher quality than 99 cents.
  • Recent studies have shown that $3.99 to $5.99 is a profitable price-point. Indeed, many customers shop this slightly higher price range, expecting to find better quality here. (The study also showed that $9.99 was highly profitable, but nonfiction and big-name authors have lent popularity to that range.)

In the past, many books have sold in the free to $2.99 price range because many customers have been thinking about saving money—and about the risk of a higher-priced book not turning out well.

Kindle Unlimited customers are likely to have a different mindset:

  • Kindle Unlimited customers aren’t asking, “What’s affordable?” Once you spend $9.99 for the month, every book you want to read is essentially free.
  • So they are instead asking, “What’s the best book I can read?” They are looking for the best book, not the best price. If they do look at price, it’s as a guide to value.

The value of e-books may be changing. It is, at least, for Kindle Unlimited subscribers:

  • Cheap price-points have no value to Kindle Unlimited readers. Free isn’t a good deal to them. Instead, low prices may suggest low quality.
  • Higher-priced books may have more value to Kindle Unlimited readers. You have to read ten 99-cent books to get your $9.99’s worth for the month, but if you read ten $5.99 books, that’s a $60 value.

Since Kindle Unlimited has just launched, it still remains to be seen how much Kindle Unlimited customers will impact book pricing strategies and Amazon sales ranks.

Here are some things to look for:

  • Will 99-cent thru $2.99 books slip in the Amazon rankings?
  • Will $3.99 thru $9.99 Kindle Select books rise in the Amazon rankings?
  • If higher-priced Kindle Select books do rise in rankings, will that improve their sales, too?
  • Will KDP Select freebies and Countdown Deals become less effective?
  • Will BookBub and other promotions become less effective?

Even if $2.99 and lower books are enrolled in KDP Select and receive downloads, if other books—such as $5.99 books—are receiving even more downloads than they are, then those $2.99 and lower books will still fall in the rankings despite the downloads. There may be a lot of books that used to have sales ranks in the 100,000’s moving up to the top and pushing other books down in the ranks.

The effect may not be immediate. Customers also look at reviews. Covers, blurbs, and great beginnings will always matter. Books at the top probably have good packaging and many reviews, and books at the bottom may still need to build reviews. But as more readers try out higher-priced books, their popularity may grow and they may gain more reviews. Many Kindle Unlimited readers will approach the book-buying process differently, and it will eventually have some discernible effects. If the cover, blurb, or Look Inside have problems, this will deter sales regardless of the price-point.

Either way, the book must command the price it has. If you simply take a 99-cent short story and reprice it at $5.99, it’s probably not going to be perceived as a better value suddenly. Plus, if customers think the book is worth much less than the list price, it’s likely to show up in a review.

Rather, if a book really is worth $5.99, but has been priced lower based on how the market had been prior to Kindle Unlimited, if that book is enrolled in KDP Select, it might be a good time to reconsider its list price.

It depends on two things. First, will Kindle Unlimited customers favor higher-priced books? Second, how popular will Kindle Unlimited be? Time will tell.

If sales ranks of lower-priced books slip over the next two weeks, this will become food for thought.

The other side of the coin is that KDP Select borrows pay the same regardless of the list price. Books priced $3.99 and up would earn higher royalties for sales than the KDP Select borrows have historically paid (about $2 per borrow). But if their inclusion in KDP Select generates additional sales because of the perceived value, it may well be worth enrolling those books in KDP Select.

It remains to be seen how popular Kindle Unlimited will become and how much (and what kind of) impact it will have. But authors need to decide which side of the fence to stand on, and how to best plan their marketing strategies around the introduction of Kindle Unlimited, and so authors must make many decisions, such as whether or not to enroll in KDP Select and whether or not to change the list price. These decisions won’t be easy, but they may have a significant impact on a book’s sales in the coming months.

Chris McMullen

Copyright © 2014 Chris McMullen, Author of A Detailed Guide to Self-Publishing with Amazon and Other Online Booksellers

  • Volume 1 on formatting and publishing
  • Volume 2 on marketability and marketing

Follow me at WordPress, find my author page on Facebook, or connect with me through Twitter.

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Kindle Unlimited—Good or Bad for Authors?

Read Me

Read Unlimited Kindle E-books

Today, Amazon introduced Kindle Unlimited:

  • For $9.99 per month, a customer can now read (and listen to) an unlimited number of Kindle e-books.
  • There are 600,000 books to choose from. The books are enrolled in KDP Select.
  • All KDP Select books are automatically included. (But authors can opt out of KDP Select by completing a form. See below.)
  • Customers don’t need to be in Amazon Prime to enjoy the benefits of Kindle Unlimited.

You can read more about it at Amazon, including the terms of use: https://www.amazon.com/gp/help/customer/display.html/ref=hp_left_v4_sib?ie=UTF8&nodeId=201550610.

Authors can learn more about it at Kindle Direct Publishing (KDP), where there is also a new form for those who wish to opt out of KDP Select: https://kdp.amazon.com/help?topicId=AA9BSAGNO1YJH.

Is Kindle Unlimited Good for Authors?

In order to participate in Kindle Unlimited, an e-book must be enrolled in KDP Select.

Here are some advantages of enrolling in KDP Select:

  • You will be paid the equivalent of one ‘borrow’ when a customer (A) downloads your Kindle e-book and (B) reads past 10% of the e-book as part of the Kindle Unlimited Program. Historically, a borrow has equated to approximately a $2 royalty.
  • Many customers will be trying out Kindle Unlimited in the coming months. These customers probably won’t be buying books any other way except through Kindle Unlimited for as long as they remain in the program.
  • You can use either Kindle Countdown Deals or free promos (but not both) as a promotional tool. The value of these promotional tools will probably be diminished as any customer who has Kindle Unlimited won’t gain anything from Countdown Deals or freebies. However, there will still be many customers who aren’t in Kindle Unlimited.

The main disadvantage of enrolling in KDP Select is that you must make the e-book edition of your book exclusive to Kindle:

  • Your e-book can’t be published through Nook, Kobo, Smashwords, your own website in PDF, or anywhere else in electronic format as long as your book is enrolled in KDP Select. Amazon is very strict about this and does automatic checks to find e-books violating the terms and conditions.
  • This exclusivity persists for 90-day periods. If you decide to opt out of KDP Select, you must go to your KDP bookshelf and uncheck the box for automatic renewal. Then you must still wait for the 90-day period to end before you’re eligible to publish your e-book elsewhere. (But if you’re presently in KDP Select, there is an immediate opt-out option available right now. See below.)

Is it worth enrolling in KDP Select? That’s the million-dollar question. This was a heated debate prior to Kindle Unlimited.

The only way to really know for sure is to try it both ways. (Note that you can experience lengthy delays and problems trying to unpublish your e-book from other retailers in order to switch back into KDP Select.)

Kindle Unlimited may be a compelling reason to enroll in KDP Select. There will be many authors returning to KDP Select to try it out. There are also authors opting out with the introduction of KDP Select. Everyone is trying to decide which side of the fence has the greener grass. By the way, I’m staying in KDP Select.

  • Many customers will be trying out Kindle Unlimited, so the program will be popular during the early months.
  • Customers in Kindle Unlimited won’t be buying any books that aren’t in the program.

Want out of KDP Select?

Suppose you’re already in KDP Select and you’re thinking, “They didn’t ask me if I wanted to participate in Kindle Unlimited.”

Not a problem. Visit your KDP bookshelf. Click the Learn More link where it mentions Kindle Unlimited. Then there is yet another Learn More link to click. Then you can click the link entitled, “Complete this Contact Us form.”

Complete that form to opt out immediately. You don’t need to wait until your 90-day period ends, but only if you complete and submit this form (so don’t use the usual method of unchecking the box for automatic renewal).

You might want to consider this choice carefully before you opt out.

What about Amazon Prime?

Amazon Prime charges a hefty annual fee (though it turns out to be a little cheaper than 12 months of Kindle Unlimited) and only allows one borrow per month.

Kindle Unlimited costs $9.99 per month, but allows unlimited reading of KDP Select titles.

That one borrow per month pales in comparison. However, there are still many other benefits of Amazon Prime, such as free 2-day shipping.

Customers who bought Amazon Prime primarily to borrow books for free are likely to switch to Kindle Unlimited when their Prime memberships run out.

Customers who bought Amazon Prime for other reasons will probably keep it, whether or not they join Kindle Unlimited.

More Notes about Kindle Unlimited

  • How many books can you really read in a month? That comes out to $120 per year. Would you spend that much in a year on books? $9.99 is a great deal for those who read avidly, but not very enticing for those who don’t.
  • You can’t just horde books. If you cancel your Kindle Unlimited membership, you automatically lose access to all the books you downloaded through the program.
  • Amazon has added $800,000 to the Kindle Owners’ Lending Library (KOLL) fund for July, 2014, bringing the total July fund up to $2,000,000. This will help to compensate for the additional downloads through Kindle Unlimited.
  • Borrows usually pay a little over $2 each per month. When Amazon launches a new program, borrows usually pay $1.50 or less per book for the first month or so, but then Amazon has historically been pretty good at adjusting the KOLL fund so that they pay $2 or more per borrow. However, there will be many more downloads through Kindle Unlimited than there ever were borrows through Amazon Prime, so borrows might pay significantly less than normal, at least in the early months.
  • Kindle Unlimited is presently only available to US customers, but there appear to be plans to expand.
  • You won’t receive any payment for downloads through Kindle Unlimited until a customer passes the 10% mark. Just downloading your book isn’t sufficient. So your friends and family, for example, might think they’re supporting you through the download, whereas they won’t be supporting you at all if they don’t pass the 10% point.
  • Unlike Amazon Prime, you don’t have to return your book before you can start reading another one. However, the terms of use do include a paragraph entitled Restrictions, where Amazon will clearly monitor abuse of the download privilege. Customers must not only download the e-book, but must also pass the 10% point before the book will receive a royalty from the KDP Select Global Fund.
  • Amazon is promoting Audible Audiobooks through Kindle Unlimited. Not only do you get free downloads of KDP Select books, you also get free audiobooks. This will entice audiobook customers to try out Kindle Unlimited.
  • What about those really short books? Now customers can read short books for free (but they can read long books for fee, too), provided the books are in KDP Select and they customer has Kindle Unlimited. A customer might read 2 paragraphs of a very short story and that author will earn just as much of a royalty as if a customer read several chapters of an epic fantasy or perhaps a whole book of an omnibus. But will customers be buying short stories? They might feel it’s a better value to shop for books that are ordinarily priced $5.99 and up and have hundreds of thousands of words. Time will tell.
  • This may be great for children’s books. You can read your child 30 different stories in a month for $9.99, reading one bedtime story every night. Children’s authors should be advertising this benefit to customers. It can help children’s authors sell more e-books through Kindle Unlimited.

What do you think about Kindle Unlimited?

Chris McMullen

Copyright © 2014 Chris McMullen, Author of A Detailed Guide to Self-Publishing with Amazon and Other Online Booksellers

  • Volume 1 on formatting and publishing
  • Volume 2 on marketability and marketing

Follow me at WordPress, find my author page on Facebook, or connect with me through Twitter.

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Kindle Educational Content: Calling Authors

Chem Basics Cover

Educational Authors

Do you write educational books? Any age. College material, high school, middle grades, elementary, kindergarten, preschool. Doesn’t matter.

Or have you been thinking about writing educational books?

Have you had any troubles or concerns with writing or publishing educational content for Kindle?

If so, I would like to hear from you. Not just me. Maybe even Kindle will talk with you.

Kindle Educational Team

A couple of weeks ago, I received an email from the Kindle Educational Team.

Wow!

Personal service. Kindle Direct Publishing (KDP) is a self-service website. Amazon is huge. The number of authors is huge. Personal service is a real treat. As you might expect, the Kindle Educational team’s role doesn’t ordinarily consist of contacting authors.

Kindle has plenty of fiction. They are looking for ways to make more quality educational content available to Kindle customers.

Evidently, they asked CreateSpace to identify some authors who have published educational material in print and who have opted to receive emails from Amazon. Lucky me, my name came up.

A few days following the email, the Kindle educational team actually called me. I was able to speak with two representatives on the phone.

They were interested in my concerns about publishing on Kindle. I mentioned such things as formatting challenges, difficulty with visibility on Amazon (I’ve gotten specific, like mentioning that if a customer goes to Amazon, clicks children’s books, and then clicks the K-12 Teachers link, CreateSpace and Kindle books rarely show up there), and category issues.

It looks like the Kindle educational team wants to help with visibility on Amazon, and it looks like they are thinking about long-term self-service options that can aid in formatting and publishing educational books.

Note that fixed-layout currently has features that might help with children’s book formatting and technical textbook formatting: http://www.amazon.com/gp/feature.html?docId=1000729511. Hopefully, this will become easier for the average self-publisher to implement. The Kindle Comic Creator looks promising.

Are You Interested?

At the end of the telephone conversation and in a follow-up email, I’ve been asked if I know other educational authors.

Do you write educational books?

If so, let me know. I can pass along your interest.

Maybe Kindle will speak with you, too.

(Of course, nobody asked me to write this post. I took this upon myself.)

Chris McMullen, Author of A Detailed Guide to Self-Publishing with Amazon and Other Online Booksellers

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Series Changes with Kindle

Series

Kindle is changing the way that series appear at Amazon:

  • The change will make it easier for customers to see that a given book is part of a series.
  • The change will clearly show the volume number to help customers find the next volume of a series and to read a series in order.
  • The change will show the series name to help customers find all of the volumes of a given series.

Example

You publish an e-book with Kindle Direct Publishing (KDP) and enter the following information in the publishing fields:

  • Title: Mr. Wrong Feels Oh So Right
  • Series Title: Bad Romance
  • Volume: 3

When people search for your e-book on Amazon, they will see the following in search results:

  • Mr. Wrong Feels Oh So Right (Bad Romance Book 3)

The parentheses show that this book is part of a series. The “Book 3” makes it clear that this is the third volume of a series.

What If

Are you wondering whether it matters if your book is a stand-alone book that could be read all by itself out of sequence?

  • Doesn’t matter. If you publish your book with a series title, your book is part of a series and will include the series title and volume number in parentheses.
  • Anything that comes in multiple volumes will be treated as a series.

Impact

Personally, I like it. When I first published The Visual Guide to Extra Dimensions, volumes 1 and 2, Amazon included Volume 1 and Volume 2 with the title and subtitle in search results.

Several months later, the volume numbers disappeared from search results, and sales did slow a little along with it. Before, it had been very clear that two separate volumes were available. I had contacted CreateSpace and Amazon, and the volume numbers have reappeared and vanished a couple of times.

As a customer, I had trouble buying Robert Jordan’s Wheel of Time. It wasn’t clear which volume was which, or how many volumes there were. It seems to make sense to wave a flag that says, “Over here, I’m volume 7, buy me next.”

If Amazon is making this change, it appears that someone high up has realized that either (A) this will help to improve sales by helping customers find the books they are looking for or (B) this will improve the customer buying experience because customers have been buying books that they hadn’t realized were parts of series. Maybe both.

Do you have a series published on Kindle? If so, you might want to check what you have entered under the title, subtitle, series, and volume fields. You can update this information as needed to help improve the transition.

Right now, it seems that Amazon is doing this for Kindle. I’d like to see it for print books, too (which would make sense, as many Kindle editions are linked to print editions).

How do you feel about it?

(Speaking of changes, WordPress seems to have made a nice one recently. Now, I can copy and paste from one of my blog articles to another and it retains formatting and links. I like it.)

Publishing Resources

I started this blog to provide free help with writing, publishing, and marketing. You can find many free articles on publishing and marketing by clicking one of the following links:

Chris McMullen, Author of A Detailed Guide to Self-Publishing with Amazon and Other Online Booksellers

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Kindle e-book Prices and Royalties

Prices

What Is the Best Kindle Price?

That’s the million-dollar question. The answer also varies from book to book.

A recent article from TechCrunch points out that the $9-10 price range is the most profitable list price for e-books in the United States, evaluating sales data for all books—i.e. it includes both traditionally and indie published e-books. Click here to check it. It’s short and makes some informative points for both US and UK pricing.

However, the article doesn’t make a few points that may be particularly significant for indie authors:

  • Thousands of traditionally published e-books are priced at $9.99 and sell frequently because the authors are quite popular. Think about it: If a hardcover is selling dozens of copies per day at $35 or if a trade paperback is selling frequently at $25, then $9.99 is an enticing e-book price.
  • Many e-books that would be priced between $10 and $20 are selling at $9.99 because the publisher actually makes a greater royalty with a $9.99 list price. Kindle offers a 70% royalty on books with a list price of $9.99, so the royalty on a $9.99 e-book can be as high as $6.99 (it will be somewhat lower due to the 15 cents per Mb delivery fee). A Kindle e-book priced at $19.99 draws the same royalty of $6.99 because the royalty rate is 35%. Think about it: Would you rather sell your book at $9.99 or $19.99 if either way the royalty will be $6.99? Therefore, the $9-$10 price range is selling many, many more e-books than other price ranges above and below this—it’s kind of like ten price ranges in the same slot.
  • Technical nonfiction—especially, textbooks—tends to sell for higher prices.

I’m not advocating cheap e-book prices. I’m just warning that e-book prices of $7.99 to $9.99 might not turn out to be as profitable as this article might suggest for newbie fiction authors.

Low Prices

The article also shows that many e-books sell at low prices. One reason is that there are tens of thousands of books selling for free, 99 cents, $1.99, and $2.99. These are very popular price points, especially among indie authors. New authors often feel that they have a better chance to get discovered with a more enticing price. Others use this strategically, hoping that readers will get hooked and check out the author’s other books.

There is something important to note about low prices:

  • Kindle e-books priced 99 cents to $2.98 earn a 35% royalty. A 99-cent e-book earns a royalty of 34 cents and a $1.99 e-book earns a royalty of 69 cents.
  • A Kindle e-book priced at $2.99 which qualifies (public domain books, for example, do not) for the 70% royalty and has a small delivery fee earn royalties of up to $2.09.
  • In this case, you would have to sell 6 times as many e-books at 99 cents as you would at $2.99 or you’re losing profits.
  • Similarly, you would have to sell 3 times as many e-books at $1.99 as you would at $2.99 just to break even.
  • Amazon seems to have made recent changes to the sales rank algorithm to factor in list price. This would make sense, as Amazon would prefer to sell 100 books at $2.99 than 100 books at 99 cents.
  • Books enrolled in KDP Select can benefit from Countdown Deals. Books priced under $2.99 aren’t eligible for Countdown Deals.

Perception

Most authors expect to sell more books at lower prices and fewer books at higher prices, but it doesn’t always work out that way. Many customers believe that you get what you pay for, and this perception affects the economics of e-book sales. Even if you do sell more e-books at a lower price, you might make more profit at a higher price (since you draw less royalty per sale at the lower price).

Some authors have actually raised their prices from $1.99 to $299 or $2.99 to $3.99, for example, and started selling books at a higher frequency. This doesn’t happen for all books, but it does happen for some.

It depends in part on the value that your book provides, how it appeals to the target audience, and on the buying habits of your specific subgenre or subcategory.

There are many customers who have been disappointed with e-books that they purchased for 99 cents to $2.99, who now shop for e-books priced from $3.99 to $6.99.

Another factor is marketing. If you market your book effectively and reach potential readers on a personal level, they may be willing to spend more money on your book.

Suggestions

Here are some things to consider when deciding on the price of your Kindle e-book:

  • Research books that are very similar to yours, including top sellers. Buyers will know what the typical price range is. If your book seems underpriced, they might wonder what’s wrong with it, and if it seems overpriced, it might not seem to be worth the money.
  • Consider the length of your e-book and the value it provides. Customers like to feel that they are receiving good value for their money.
  • Most e-book buyers want to save at least 50% off the print price.
  • Some buyers will also purchase both print and e-book editions through MatchBook. If you use MatchBook, set your list price high enough that the MatchBook price may seem like a compelling option.
  • A boxed set may help to create the perception of value. The $5.99 to $9.99 price point may be more profitable for a boxed set than for a single volume by a new fiction author. Ideally, the individual volumes would be priced so as to help the boxed set seem like a good value.
  • Technical nonfiction books that provide significant content are generally worth more to buyers.
  • If you succeed in selling multiple print books per day priced $20 or higher, you have much better prospects for selling e-books at a $9.99 list price.
  • Authors who will be signing up for Kindle Select have an incentive to price their e-books between $2.99 and $9.99 in order to take advantage of the Kindle Countdown Deal. This allows you to create a short-term sale to help stimulate sales.
  • Amazon’s algorithm for sales rank may currently factor in the list price. Only Amazon knows for sure, but some authors have expressed recently that this seems to be the case now, and this is consistent with my observations, too.
  • If you have several similar books for sale, a compelling price on one book may help to generate interest in your other books.
  • If you have a series, offering the first book cheap may help to hook readers in the series.
  • How professional does the book look, in terms of both content and formatting? A higher price does command higher expectations.
  • What is the demand for your book? If the content is very specialized, this may warrant a somewhat higher price.
  • What are your specific objectives? Is your goal to draw the most royalty? Is your goal to maximize your readership? Is your goal to get on a bestseller list? When a higher price may draw a greater net profit, if you’re more focused on sales than royalties, then a lower price may fit your objectives better.

Publishing Resources

I started this blog to provide free help with writing, publishing, and marketing. You can find many free articles on publishing and marketing by clicking one of the following links:

Chris McMullen, Author of A Detailed Guide to Self-Publishing with Amazon and Other Online Booksellers

Follow me at WordPress, find my author page on Facebook, or connect with me through Twitter.

Commuter Fiction—Making a Case for Short Kindle e-books?

Short

When I want to shop for something to read on my Kindle, I visit Amazon’s homepage on my PC and click on the Kindle books link. It’s called ‘Kindle books,’ so intuitively what you might expect to see are ‘books,’ right?

After a half hour of searching, I may finally find one that suits my mood. Then I examine the product page closely to learn that it’s 36 pages long. Wait a minute. Is that a book?

Sometimes, I check out the Look Inside of a prospective book. I see the cover, title, copyright notice… where’s the rest? Wow! How short must a book be not to show anything from the first chapter?

A Kindle e-book can have just 12 pages. It can have 6 pages. Is there a lower limit? At 6 pages, I hope there isn’t a title page, copyright page, about the author section, and free sample of another book taking up space inside… I also hope the ‘book’ is self-contained. It would be awfully frustrating to learn that it was really one chapter in a series, where you don’t get any sense of closure until the series is complete.

Of course, despite the fact that all of these ‘books’ are listed under ‘Kindle books,’ they aren’t all books. These Kindle e-books include short stories, booklets, presentations, and novellas, too.

Until recently, I was troubled by the growing number of short e-books. I was thinking, “Don’t customers want good value for their money?” “Are customers getting tricked, buying what they expect to be a book only to discover it’s really a short story?” “Are more authors getting lazier, writing and publishing shorter pieces?”

I understood reasons for the short e-books, but I was still troubled by it.

Customers can easily return e-books if they are dissatisfied. (Many do.) They can also check the page count before purchasing, and read the description carefully. If the Look Inside is brief, that’s a big hint. If they’re getting fooled by short books, they can get their money back or leave a review about it. The customer is certainly protected.

Writers are posting short e-books for a variety of reasons. Some don’t want to commit too much into their self-publishing endeavors, so a short piece is a way to experiment. Some are hoping to see what sort of customer feedback may come for short writing samples before laying their hearts on the line for full-length novels. Some plan to compile short works into an omnibus later on, such that the omnibus will look like a good value. There are other reasons, too. Not all of the reasons may be justified.

It’s not easy to get discovered as a new writer, whether writing full-length novels or short stories. Even 99 cents is a lot of money to invest in for one short story from a relatively unknown author; the story will be over quickly, so just imagine what you’ll spend for several hours of reading buying individual short stories. On the other hand, a full-length novel is a long commitment to make for a reader with a new author.

Is it easier to get readers to try out your short story, enjoy your book, and give your full-length novel a shot? Or is it easier to get new readers to appreciate the value of your full-length novel and commit to that as the first thing they read by you? Neither is ‘easy’ for most authors.

Commuter Fiction

I recently discovered this phrase in the KDP community forum. I like the concept. It’s changing my view of short e-books.

The idea behind commuter fiction is to write a short work that travelers can enjoy at a single sitting on an airplane or bus, for example. If you have a three-hour flight, for example, wouldn’t it be perfect to buy an e-book that you could read in three hours?

Authors and publishers have discovered that there is a market for short fiction, and they’ve responded with a way to make short fiction marketable.

You can call your short story a short story. You can call your novella a novella. You can list the word count. Kindle will estimate the page count. But that might not be the way to market your short e-book.

Consider selling it as commuter fiction. Maybe it would be handy to know approximately how many hours it would take the average reader to finish your e-book. A commuter might be interested in that figure.

Truck drivers have been listening to audio books for years. They buy books by the hour. If a truck driver is going on an eight-hour drive, it would be ideal to have an audio book that lasts eight hours (or four audio books that last two hours each), for example.

The same concept applies to passengers of buses, airplanes, and trains who are reading e-books on Kindles, tablets, laptops, and cell phones. What they would really like to know is how long it will take to read the e-book. Of course, this varies from person to person because we all read at different rates. If they can deduce an average, though, that will help them judge this.

I’m not saying that you should write short e-books. It might be harder to sell than full-length books. (Who knows?) Personally, as a customer, I like to receive a good value for my money. However, there are many customers who behave differently than I do.

What I am saying is this: If you’re going to write a short book, maybe you can improve its marketability by selling it as commuter fiction.

Publishing Resources

I started this blog to provide free help with writing, publishing, and marketing. You can find many free articles by clicking one of the following links:

Chris McMullen, Author of A Detailed Guide to Self-Publishing with Amazon and Other Online Booksellers

  • Volume 1 on formatting and publishing (236 pages, 8″ x 10″; it’s a real ‘book’)
  • Volume 2 on marketability and marketing (212 pages, 8″ x 10″; it’s a real ‘book’)

Follow me at WordPress, find my author page on Facebook, or connect with me through Twitter.

Which Should Come First—Kindle or Paperback?

First

Unless you have a book where Kindle formatting is impractical, you should make both Kindle and paperback editions of your book.

Benefits of the Kindle Edition

  • You can make the Kindle edition much more affordable. If your price is $2.99 or higher, you can still draw a high royalty (70% minus delivery costs).
  • Many customers only read e-books.
  • It’s much cheaper for you to send out review copies.
  • There is no extra charge for color.

One reason not to create an e-book is if you have a book where this is impractical, such as a workbook where the reader needs to write down answers.

You should also consider publishing your e-book with Nook, Smashwords, Kobo, etc. The only reason not to do so if you feel that the benefits of enrolling in KDP Select outweigh the benefits of having your e-book available with several e-book retailers.

Benefits of the Paperback Edition

  • Some customers prefer to read print books.
  • Amazon will show your Kindle edition as a percentage off compared to the paperback edition (once the two editions are linked together).
  • Kindle’s new MatchBook program encourages the sale of both editions.
  • It’s convenient to edit your writing with the printed proof.
  • You get to experience the incredible joy of holding your baby in your hands.
  • Local bookstores and other retailers might be willing to stock your book. If nothing else, your friends and family will believe you really are an author.

Which Should You Publish First?

Once you decide to make both Kindle and paperback editions, you must decide which edition to publish first.

Most authors simply publish each edition as soon as it’s ready. Some authors prefer to format e-books and have the Kindle edition ready first; others love the art of formatting pages and have the paperback edition ready first.

That’s not necessarily the best course. Suppose you had both editions prepared, but neither was published yet. What’s the best thing to do? Should you release them simultaneously? Or is there a reason to publish one edition first?

Some authors who plan this—rather than simply first publish whatever happens to be ready first—choose to arrange preorders for the paperback edition using Amazon Advantage. They use preorders as part of their strategy for building buzz for the book’s release, and to help foster a strong sales rank and prospects for early reviews when the book is released. They then release the Kindle edition when the paperback goes live.

Once you have both Kindle and paperback editions available, you can have them linked. This creates an interesting possibility that was recently mentioned in the CreateSpace community forum: If your Kindle edition is available for sale now and linked to a paperback edition that’s on preorder, any reviews left by Kindle customers should, theoretically, show on your paperback’s product page, since the reviews are linked together. (Paperback customers can’t review the paperback edition until it goes live.)

There are two good reasons not to release both editions simultaneously:

  1. You gain visibility by having a book in the Last 30 Days and Last 90 Days categories on Amazon. This is based on your publication date. (Tip: Don’t enter any publication date at CreateSpace. That way, your book’s publication date will be the day you click Approve Proof. This maximizes your book’s visibility with the new release search filters.) Release one book 90 days prior to the other and you get 180 days of new release visibility out of one book.
  2. You have the opportunity to create double-buzz. Build buzz for one edition. Then a month after its debut, you have two months to build buzz for the other edition if it’s going live 90 days after the first.

You could release the Kindle edition first. At the same time, setup preorders for the paperback edition. Arrange the paperback edition to go live 90 days after the release of the Kindle edition. Make the publication date of the paperback edition when it goes live, so you get a total of 180 days visibility in the Last 90 Days category.

If you’re one of those authors who can publish two books per year, you can use this method to always have a book listed under Last 90 Days.

Publishing Resources

I started this blog to provide free help with writing, publishing, and marketing. You can find many free articles by clicking one of the following links:

Chris McMullen, Author of A Detailed Guide to Self-Publishing with Amazon and Other Online Booksellers

Follow me at WordPress, find my author page on Facebook, or connect with me through Twitter.

Huge Kindle e-book Sale as Part of Read Tuesday, 12/10

Huge Sale

Read Tuesday, December 10

My books will be on sale starting Monday, December 9 and ending at 11:00 p.m. PST on Wednesday, December 11 as part of Read Tuesday, a Black Friday type of sale just for books.

Both my Kindle e-books and my paperbacks will be on sale. Most will be 40 to 80% off (one will be free).

Click here to see a list of all my Kindle e-books with links to both Amazon US and Amazon UK (the latter appear at the bottom of the list). This includes my e-books on:

  • self-publishing
  • astronomy
  • chemistry
  • math flash cards

My paperback books will be on sale for 40% off at CreateSpace, an Amazon company. Click here to get discount codes valid at CreateSpace. This includes my books on:

  • self-publishing
  • math fluency (arithmetic, algebra, fractions, trig)
  • astronomy
  • chemistry
  • physics
  • chess log books
  • golf stats

This is just the tip of the iceberg. Hundreds of books by hundreds of authors will be on sale on Read Tuesday.

View a sample of participating books and authors by clicking one of the links below:

Give the gift of reading this holiday season. If you would like to learn more about gifting e-books, click here to read a helpful article by Misha Burnett.

Love books? Check out Read Tuesday, a Black Friday event just for books (all authors can sign up for free) on Tuesday, December 10: website, Facebook page, Twitter

Chris McMullen, author of A Detailed Guide to Self-Publishing with Amazon and Other Online Booksellers, Volume 1 (formatting/publishing) and Volume 2 (packaging/marketing), Facebook page, Twitter

Volumes 1 and 2 will be on sale on December 9 thru 11 as part of Read Tuesday on December 10. These books haven’t been on sale all year, so this is a rare opportunity. The Kindle edition of Vol. 1 will be $1.99 (60% off from $4.99) in the US and 1.99 pounds (37% off from 3.14 pounds) in the UK, while Vol. 2 will be $0.99 (80% off from $4.99) in the US and 0.99 pounds (70% off from 3.25 pounds) in the UK. The paperbacks will also be 40% off ($5.99 instead of $9.99) at CreateSpace: