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Author Nancy J. Cohen discusses the writing process and life as a Florida resident.

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Posts Tagged ‘Business of Writing’

Marketing to Bloggers

Posted by Nancy J. Cohen on December 16, 2014

At a recent meeting of Florida Romance Writers, we heard Ana Ivies speak about Marketing, Blogs and Reader Events. She runs http://wickedbookevents.com and http://anasattic.com which cater to readers.

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For those who use affiliate links on their blogs, Ana says blog revenues have decreased since Kindle Unlimited got started. KU “has changed the landscape of reading.” Many bloggers won’t promote KU books. Ana sells books from her sites and puts up free and $.99 book specials there too. She advises authors that KU may be better for backlist titles. Bloggers want to promote new releases. Don’t undervalue your book to $.99 unless it’s a novella. When the third or fourth book in a series comes out, put book one on sale.

Advice For Approaching Bloggers

Find bloggers who review books similar to yours.
Research the site before querying to see if a blogger will promote your book.
Review their submission requirements. Ana says Net Galley is a good way to reach bloggers. Make sure you grammar check your query.
Follow the blogger on social media.
Address the blogger by name. Say, “Hi, I’d like to introduce myself…”
Give your name, book title, and a link to your book on Amazon. When asking to sign at an event, provide all of your links.
Support other authors.
Interact; don’t only promote.
Include all of your social media links in your email signature.
Put your Amazon author link on your FB page.
If a blogger gives you a positive review, comment on it and share it. Express your gratitude. “Thank you for taking the time to read and review my book.”
If you do a blog tour, go over and thank the host for being part of your event. A tour-wide giveaway draws readers in but don’t give away the ebook the blogger is promoting.

What Not To Do

Do not post your book or buy links on a blogger’s Facebook page. It’s okay to comment on a blogger’s FB posts and share their links.
Don’t tag a blogger in a promo post.
Don’t have your street team hijack a thread on her site and flood it with comments. One of two of your fans replying to a post is enough.
Don’t have your virtual assistant pose as you.
Don’t compare one blogger to another.
Don’t sign up a blogger for your email list without asking.
Don’t make fun of 1 star reviews.
Deal with drama privately, not online.

“When you write a book, it’s thirty percent writing and seventy percent promotion.”

Note: Any errors in this article are due to my interpretation.

Contest Alert!

Win a $25 Amazon/BN gift card or free ebooks from Booklover’s Bench authors, including a copy of my cruise ship mystery Killer Knots, in our December contest: http://bookloversbench.com/contest/

 

Posted in Business of Writing, Marketing, The Writing Life | Tagged: , , , , , , | 12 Comments »

Final Words from #Ninc14

Posted by Nancy J. Cohen on December 12, 2014

Final Advice for Writers from #Ninc14
Novelists, Inc. Conference St. Pete Beach Oct. 2014

To summarize the concluding talks from #Ninc14, here are the final points.

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If you have a lifeboat or collaborative team, specify your goals. Is it to increase sales or readership, or to reach bestseller status?

Series or related books sell the best. Make the first one $.99 so it can be called a bestseller as opposed to free.

Check to see if you have some rights back if not all, i.e. Do you have the rights for non-US territories, audio, translation rights?

Hire translators from the United States and not from other countries. If you hire somebody from outside the US, you will have to pay them royalties.

Don’t get discouraged. Just get more material out there. It’s easy to get distracted and overwhelmed. Once you’re making money, hire people to do everything.

It’s the technology age and you have to do social media, whether or not it’s in your comfort zone.

Ask your readers what they prefer in how they buy books. Do they pre-order?

Don’t just dip your toes in the brave new world of self-publishing. Jump in naked.

Don’t make decisions based on fear. Make it based on your intuition. Know what you are good at and what you need help with. What does success mean to you?

Get your titles out there. They don’t all have to be full-length novels.

Ask your publishing partners these questions: What can you do better than anyone else? What do you think I do well? How could I do better? What skills can you contribute? What market intelligence do you have that we can use together? What information do I have that you need, and for what purpose? What’s the best way we can add value for each other?

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Note: Any errors in this article are due to my interpretation.

Contest Alert!

Win a $25 Amazon/BN gift card or free ebooks from Booklover’s Bench authors, including a copy of my cruise ship mystery, Killer Knots, in our December contest: http://bookloversbench.com/contest/

 

 

Posted in Conferences, Marketing, Self-Publishing, The Writing Life | Tagged: , , , , , , | Leave a Comment »

iBooks Tips for Writers

Posted by Nancy J. Cohen on December 10, 2014

Working with iBooks
Novelists, Inc. Conference St. Pete Beach Oct. 2014

iBooks

Representatives from iBooks spoke at the Ninc conference. They said their readers like free ebooks, so Apple offers the first free in series promotion. Their readers are also willing to pay more for a book so don’t be afraid to price higher.

Pre-orders count double toward your sales ranking—when a pre-order comes in and when the book releases. You can do pre-orders up to one year before the book’s release. You can offer a sample of the story when the book is in pre-order. So Step One is to set the pre-order date, which is when the book is available for ordering. Step Two is to set the sales start date, when the book can be sent out.

iBook sales count on the USA Today list. iBooks are only allowed on five devices for one person. You should put your iBook links on your websites, Twitter, newsletter and elsewhere. For Twitter, use the hash tag #iBooks, not #iTunes.

It takes time to build readers on this platform. They recommend you have three books minimum in your series when you offer the first one free. In the back material, make sure you include links along with covers for your other books.

Make sure your name is readable on a thumb-sized cover. For the URL, take out the specific country, and the URL will redirect to the country of the buyer.

i.e. Take out the U.S. part from this link:
https://itunes.apple.com/us/artist/nancy-j.-cohen/id411505950?mt=11&uo=4&at=1l3vsrx

And it becomes this link that redirects to the buyer’s country. See if this works for you:
https://itunes.apple.com/artist/nancy-j.-cohen/id411505950?mt=11&uo=4&at=1l3vsrx

They can only link your series titles if the books are uploaded by the same publisher. So if the books come from different sources, they won’t be able to link the titles in a series.

You might want to join their Affiliate program so you can share in some of the revenue from sales.

iBooks is in 51 territories. The German market is huge. We need to think more globally. Apple has a strong worldwide presence. India will be an emerging market for ebooks.

Note: Any errors in this article are due to my interpretation.

Contest Alert!

Win a $25 Amazon/BN gift card or free ebooks from Booklover’s Bench authors, including a copy of my cruise ship mystery, Killer Knots, in our December contest: http://bookloversbench.com/contest/

Posted in Business of Writing, Conferences, Marketing, Self-Publishing, The Writing Life | Tagged: , , , , , , | 4 Comments »

Pitching your Book to Hollywood

Posted by Nancy J. Cohen on December 5, 2014

How to Attract Hollywood to your Book
Novelists, Inc. Conference St. Pete Beach Oct. 2014

Why does Hollywood keep doing sequels and remakes? The simple answer is fear. Studios are filled with people who have legitimate fears about their jobs.

Hollywood Ninc14

China is a huge market right now. A movie might not do as well in the United States as it does in the international market. Character dramas and romantic comedies do not travel globally. The failure rate for romantic comedies in the United States is high. They are under-performing in theaters, so they’ve migrated to television. Romance is alive on the big screen but in melodrama, not comedy. These films do well in English-speaking, Western European countries but not in Asia. Character driven stories do not perform as well as dialogue driven ones. Hollywood honchos have to consider the P&A Cost or Print and Advertising budget. A $100 million movie costs $200 million to market. Smaller movies do not work as well because of this factor, and they do not attract as much attention.

Movie Sequels

Television has a bigger audience, so character driven stories can work better here. Authors should point to their sales to convince filmmakers there is an audience for their work. Pitching in Hollywood is for seasoned writers-producers. These people create TV shows. The speaker said she does a preliminary pitch first and then a more formal pitch. Then they “clear the arena” to see who else is doing similar projects.

Tips for Authors

Understand Hollywood is looking for something different.
Boil your novel down to one sentence.
Don’t say “this meets that” to describe your work comparing movies.
Be open about casting.

Trends

Hollywood is making more features for the international markets.
African-American romantic comedy ensembles are finding audiences.
Low-budget Christian films are finding audiences.
There is a market for romantic melodramas in feature films.
TV is great for character driven stories. They can deliver bigger audiences than features.
Traditional romantic comedy has migrated to TV.

How to Approach a Writer-Producer

Have your agent submit your published novel. The writer-producer may request a “shopping agreement” which gives them one year to pitch your story with no payment. If interested, the studio or network will pay the author and the writer-producer separately.

Note: Any errors in this article are due to my interpretation.

Contest Alert!

Win a $25 Amazon/BN gift card or free ebooks from Booklover’s Bench authors, including a copy of my cruise ship mystery, Killer Knots, in our December contest: http://bookloversbench.com/contest/

Posted in Business of Writing, Conferences, Marketing, The Writing Life | Tagged: , , , , , , , | Leave a Comment »

ACX and Audible

Posted by Nancy J. Cohen on November 26, 2014

ACX and Audible
Novelists, Inc. Conference St. Pete Beach Oct. 2014

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What Sells in Audio? Teen and YA Fiction, Romance, Scifi/Fantasy, Mysteries/Thrillers, Business and History.

What do you need to get started? You need a published book on Amazon, audio rights, a manuscript, cover art and rights to the cover. There is no particular length requirement. Figure that 9300 words equals one finished hour of audio. In your profile when you apply to ACX, mention the main characters in your book, your awards and track record.

Options include paying the narrator upfront based on book length or sharing the earnings 50-50 and paying nothing up front. This latter term lasts seven years. Thereafter, you can renew each year or remove the audio book from distribution. A third option is to upload your own audio file.

Royalties are 40% for exclusive distribution and 25% if you go nonexclusive. For the former, you and the narrator split the royalty, meaning you’d each earn 20%. Distribution is to Audible, Amazon, and iTunes. Make sure you grant world rights for global reach.

You can earn a $50.00 bounty when someone joins Audible and purchases your book first. The person must stay in Audible for 30 days after the trial period.

The author gets 25 download codes for promotion but these don’t count toward your bounty. You can request more. How can you use these? Use them to generate reviews. Check out these sites: Audiofile, AudioGals, Books for Ears. Offer giveaways to your newsletter subscribers and social media fans. You can use Audible’s gift center to send a book to a fan.

If you already have an audio file, make sure it meets the requirements. It takes about three weeks after uploading to become active. Royalties are paid monthly via check or direct deposit.

Selecting your Narrator

Is she too fast? Too slow? Too cartoonish? Just right? Keep in mind that the listener can speed the audio with a tool in the app. You’ll want to give your narrator about three pages to read. These can be different paragraphs along with the context. In a series, continuity of narrator is important. A single voice is more popular than a multi-cast. Any additional material should come after the credits at the end.

One tip: use fewer dialogue tags. Various checkpoints occur in the process: the initial audition, and then a 15 minute sample which does not have to be the first pages of your work. You can request two rounds of revisions. Listen for the quality of sound during the longer samples. You can terminate the contract if you do not like the results. If approved, you can request three chapters at a time from your narrator.

Check the performance rating with each narrator, visit their website and note how many books they’ve done. You can click Like or Dislike to organize your selections. Narrators do not see this. You can send sample clips to friends for their opinions. Ask the narrator about her editing. Will she allow you to review the audio chapter by chapter, or at least three chapters at a time? You want somebody who’s easy to work with. If you are not happy with the narrator and reviews reflect your views, you can ask the narrator to re-record and upload. Do the first book slowly and thoughtfully. Do not rush the process.

The speaker from ACX at Ninc who nominates audio books for promotion said she looks at the book cover first. Next she’ll check out the number of reviews and what they say. She will check out your social media sites to see if you are promoting your audios. If you have a series, getting a promo boost for book one is important. Branding and packaging should carry over from other series titles.

How to Stand Out

Consider adding teasers for sequels after the credits. Coordinate promo efforts with your narrator. Leverage SoundCloud for audio clips. Make a dedicated space on your website for audio books. You can distribute up to 10% of your audio on a clip. This can be embedded on your website.

 

Note: Any errors in this article are due to my interpretation.

 

Posted in Business of Writing, Conferences, Marketing, Self-Publishing, The Writing Life | Tagged: , , , , , , , , | 12 Comments »

Literary Estate Planning

Posted by Nancy J. Cohen on November 18, 2014

Literary Estate Planning
Novelists, Inc. Conference St. Pete Beach Oct. 2014

Copyright is for life of the author plus 70 years. You have physical assets as well as digital assets. Be aware that it can be a violation of federal or criminal laws for friends or family members to take over your online accounts. Think about what happens not only when you die, but also if you become disabled.

If you’ve done nothing and you die, the state will have an intestate succession. The statute says who inherits your assets. Your options are to gift your intellectual property, copyrights, and physical assets in your will.

Your literary attorney can work as a consultant with your family estate lawyer. If you grant items to people in your will, the recipient gets everything. Who can step into your shoes when the time comes?

An alternative is to set up a legal or corporate entity. An LLC, S or C Corporation are the options. The corporate entity could have perpetual existence. If the Corporation owns the copyright, it can affect the term of copyright.You could make your children the shareholders. But then they would run the company. Can they manage it all in agreement with each other? A third choice, and the best one, is to create a trust. You can separate the management from the revenue. The trust would be managed for the benefit of your beneficiaries. You can assign one person as trustee to manage the following, which are examples only:

Published books
Unpublished manuscripts
Rights to hire editors and other ancillary help
Management of digital assets
Rights to negotiate contracts and subsidiary rights (as well as the right to refuse offers)

This allows your identity, as the author, to continue. The trustee does not have to be the beneficiary but then he should be compensated. There are tax consequences if the trustees are the beneficiaries. It’s also important for you to have an inventory. List your book titles, contracts, termination dates, agent information, revenue sources, and location of assets. Joint works need to be explained, and you should have a written agreement with collaborators. Consider contracts with cover designers. Do you own the covers to reuse as desired?

In a trust or will, it shouldn’t be so detailed as to list individual titles. It should be broader and more encompassing to cover intellectual property. Authorize the trustee to hire an agent, formatter, publicity person, cover designer, etc. Set up a procedure for beneficiaries to select new trustees so the trust can continue.

Any publisher will freeze your account upon your death. The executor needs to provide court documentation that he is authorized to collect money. But for digital property, this might not work. Federal laws make it difficult for a third party to take over your digital accounts. Only nine states have statutes to deal with this issue. So appoint a person in your will or trust to access and manage your digital accounts. You’ll also want a power of attorney in case you are disabled.

Put the bank account where your royalties go into your trust, and put the trust name on the bank account. For a DBA, put this in your will or trust as an asset to be passed on.

If you donate your materials to a library or school, talk to them to make sure they have adequate resources to preserve your collection.

Note: Any errors in this article are due to my interpretation. This post does not constitute legal advice. Please consult your own literary attorney for your personal situation.

Contest Alert

Last Day! Win a $25 Amazon/BN gift card or free ebooks from Booklover’s Bench authors in our November contest: http://bookloversbench.com/contest/

1000 Thriller Giveaway: Enter to win a new book every week for a year: http://www.thebigthrill.org/1000-thrillers/

HANGING BY A HAIR is up for a Readers Choice BTS Red Carpet Book Award in the Mystery category. Check it out and vote here: http://btsemag.com/redcarpet/2014_ReadersChoice_Mystery.html

Posted in Business of Writing, Conferences, The Writing Life | Tagged: , , , , | 6 Comments »

Amazon Independent Publishing at Ninc

Posted by Nancy J. Cohen on November 13, 2014

Empowering Authors with Amazon Independent Publishing
Novelists, Inc. Conference Day 2, St. Pete Beach Oct. 2014

Several representatives from Amazon Independent Publishing spoke at the Novelists, Inc. Conference. They said they’ve seen consistent growth in print and Kindle books over the past few years. The Kindle growth curve exceeds print. This is a global trend as well. The adaptation to digital, when it occurs, happens fast across the world. The percentage of books sold online compared to brick-and-mortar stores is rising steadily.

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Digital creates discovery through dedicated e-book readers. Kindle owners buy four times more books than before they owned one. “What’s old is new again.” Digital creates incremental demand. We release older titles, and Kindle sales of all our books increase along with print editions. In 2013, there was 90% device ownership in the U.S. with 32% of these being e-readers and 42% being tablets.

At a bookstore, you have to worry about how your book is placed and where customers can find it on the shelf. Online, you’re concerned with how customers hear about and find your books. How can your book stand out against other content? Books have to compete against all other entertainment products and pricing. So how can we grow the mind-share of people who read books?

What’s next? Global marketplaces are another focus. So are opening Kindle stores based on local experience. Reading experiences such as Kindle Voyager and Kindle reading apps. To drive discovery, we have Amazon Author Central, Goodreads, Kindle Daily Deal, and Kindle Countdown Deal.

The Author Experience
Ease-of-use with KDP, Createspace, and Audible
Better tools with a pricing tool and now a Kids Book Creator
Reimagined content through Kindle Worlds and Kindle First Day One
Author lifestyle support with Kindle Scout, WriteOn, APub, indie platforms

The Customer Experience
New models such as Kindle Unlimited
Wider functionality such as #AmazonCart
Global and Local

KDP
Benefits are that it’s easy to enroll, fast to market, global reach. Author maintains control, retains full rights, keeps up to 70% royalty. You can use KDP to publish in territories where you have the rights. The new reporting dashboard launched in February. An order is different from a sale that has cleared the bank. You can retrieve up to 90 days of data. The pricing tool suggests how much you should price your book based on various data.

Pre-order means you can promote your book up to 90 days before the launch. This helps to build sales rank. You should put a link to the next book in your series at the back of the book if possible. 10 days before, you must present the final file. There is a three day block out period prior to launch where you can’t make any further changes.

Series Promotion
Improved search and browse feature.
Be sure to put your info in the metadata.
New series landing pages for the whole series so you can see your books in order.
The next in series will appear as a buy button on devices at the book’s end.

KDP Select means you can attain higher royalties, reach new audiences, participate in special promotions. This includes the Kindle Lending Library, Kindle Countdown Deal, Kindle Unlimited. KDP books do hit the bestseller lists. Authors get paid from a global fund and can earn All-Star bonuses.

Kindle Daily Deal leads to 3000 times more sales. There’s a lasting effect. One day later, there is 110 times sales. At seven days, it’s 18 times sales. At fourteen days, it’s 5 times more sales, and at thirty days, it is 4 times more sales.

On the Kindle Countdown Deal, you get up to seven promo days. The book must be at least one dollar off the list price. There’s a countdown clock on your Amazon book page. Your book is also listed on the KCD landing page and it’s based on ranking where your book appears.

Kindle Unlimited costs consumers $9.99 per month, and this includes audio books. The Kindle Matchbook program means if you buy the new print book, you can buy the Kindle book for $2.99 or less.

Createspace offers global reach, 24/7 customer service, Kindle conversion, industry-leading royalties, free Cover Creator tool, forums, blogs, articles and videos as publishing resources. Professional services of editors and designers are available if needed. Your share of the list price: Createspace 80%; Amazon 60%; Expanded Distribution 40%–all minus a manufacturing fee.

How to Maximize your Success: Use Metadata. This can consist of keywords in terms of genres and categories that are visible at the bottom of the Kindle detail page. This metadata should be consistent across all locales.

Your Amazon Author Central page includes a book list with cover images, author photo, bio, Twitter and blog feed, videos that you upload. Readers will also see recommendations for similar authors. You can get your sales data and ranking on Author Central. Make sure your books are on Goodreads and you have an active presence there.

How to Get Reviews? Offer promotions such as permafree, KCD, etc. Publish in multiple formats, i.e. print, e-book, audio.

Author Platform: Keep up with Goodreads, Amazon Author Central, social media, email lists. Consult with other authors on ways to attract readers.

Note: Any errors in this article are due to my interpretation.

CONTEST ALERT

Win a $25 Amazon/BN gift card or free ebooks from Booklover’s Bench authors in our November contest: http://bookloversbench.com/contest/

1000 Thriller Giveaway: Enter to win a new book every week for a year: http://www.thebigthrill.org/1000-thrillers/

HANGING BY A HAIR is up for a Readers Choice BTS Red Carpet Book Award in the Mystery category. Check it out and vote here: http://btsemag.com/redcarpet/2014_ReadersChoice_Mystery.html

 

Posted in Business of Writing, Conferences, Contest, Marketing, Self-Publishing, The Writing Life | Tagged: , , , , , , | 4 Comments »

BookBub Explained

Posted by Nancy J. Cohen on November 6, 2014

BookBub is a popular reader subscriber service where you can promote your book for a fee. They have four million subscribers. Its readers are 84% women, the majority over 40 years old. 37% are retired. 58% are empty-nesters. 59% read four or more books per month. The devices they read on? 49% Kindle, 26% Apple, 15% Nook, 10% Android. Most use tablets, then e-readers, and then cell phones. 29% read non-genre material. 32% read mysteries and thrillers; 25% read romance; 14% read science fiction and fantasy. 95% of readers have purchased a book from an unknown author because of an e-book promotion. 63% have gone on to order more books by an author due to a price promotion.

When a book goes from $.99 to $2.99, there is a 50% drop in sales. But 77% of subscribers will purchase full price books.

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Why feature a book on BookBub? Readers get hooked on your work and they recommend books to their friends. 65% of readers tell their friends about books they discover. What results can you expect? A spike in sales during the promotion. 381% was the average increase. Average downloads are 29,500. 91% of authors have an increase in sales after the promotion when their book goes back to the regular price. There’s an average 73% increase in reviews and 81% increase in sales of related books.

Mysteries have the biggest subscriber list. If your book is free, you’ll pay $320 for a BookBub ad. Under one dollar, you’ll pay $640. If your book is priced from $1-$2, you’ll pay $960.

Go here for pricing in other genres: https://www.bookbub.com/partners/pricing

To submit a book to BookBub, fill out the form online. An editorial team selects the titles. You will get assigned an account representative. If selected, your date and category will be confirmed. Make sure your deal is available across all retailers on the sale date.

Requirements include discounting your book by at least 50% off the list price. It must be a full-length book. This should be a limited time offer of 30 days or less. The editorial team will make sure this is the best deal available for your book and that the work is error-free. They do not feature new releases, because they look at the overall platform and pricing history. No novellas or short stories. Book lengths are specified on their site. The same author may submit a book once every 30 days. The same book may be submitted once every six months.

Next the book goes out for quality assessment. Here the team will look at reader reviews, professional cover design, and cover tropes. For example, dogs do well on covers but motorcycles and tattoos do not. They’ll also look at critical reviews, formatting, and author accolades such as quotes from other authors. This is all part of your platform. BookBub receives over 200 submissions per day. The editors will compare your book to others in the same category that come in at the same time. They advise you to study books in your category on BookBub to see the average number of reviews. Only 15% of submitted books get accepted.

Be sure to put your quotes from other authors on your Amazon author page as they will look for these. Or you can include author quotes in your comment box when applying. They’ll also look at sales data from an author who has applied there again to compare this title to other BookBub books, so you’re not ensured a spot even if you’re a repeater.

Eventually they may make stats available to authors. As for distribution routes, Amazon, Barnes & Noble, and Apple are currently more popular than Kobo and Google.

Trends in subcategories that do well are also examined. For example, in historical fiction, American history and World War II do well.

Regarding box sets, reviews on individual books are viewed, rather than the box set itself. Books can be older but the box sets can be a new release.

For the selection process, they compare books and pick the best price and platform. Spots for discounted books are more competitive than for free books. Make sure you have your book available at as many retailers as possible, including Amazon, Barnes & Noble, Apple, Google Play, Kobo, and Smashwords. This is especially important if you don’t have enough reviews or a bestseller status to tout your platform. Google Play subscriptions are growing.

60% of indie books and 40% of traditionally published books are selected. These have an average of 140 reviews.

Tips for submitting your book

Be flexible with timing. Be available whenever they have an opening. Sell yourself in the comments section with your reviews, author quotes, sale figures, bestseller status. Resubmit at different price points. Be open to different categories. Promote when your book is at its best. Optimize your product page. Add more retailers. Continue to submit and try again. The beginning of the month sees a ton of submissions.

If you get selected, set your prices as far ahead as possible. Notify Amazon about the date for a price match. BookBub will do permafree, but put it on sale first at a retail price to get baseline stats.

A UK edition just launched. You can add them for a 5% fee to your BookBub promotion. Soon you’ll be able to just get UK promotion and they have 100,000 + subscribers.

How to be successful

Determine your goals and choose a pricing strategy based on these goals. Price as low as you can to attract new readers. Time the promotion strategically, i.e., seasonal books. Make sure your book is discounted in time. Optimize the back matter in your books and include links to your other titles and your newsletter. Spread the word. Measure the results.

Follow @bookbubpartners on Twitter

Note: Any errors in this article are due to my interpretation. This is from the BookBub session at the Novelists, Inc. Conference St. Pete Beach. Also please note that I have not used BookBub myself so some of you can chime in here about your experiences.

Novelists, Inc.

CONTEST ALERT! Win a $25 Amazon/BN gift card or free ebooks from Booklover’s Bench authors in our November contest: http://bookloversbench.com/contest/

 

Posted in Business of Writing, Conferences, Marketing, Self-Publishing, The Writing Life | Tagged: , , , , , , | 28 Comments »

Pricing and Discoverability

Posted by Nancy J. Cohen on October 30, 2014

Session Two: Yo! Here I am! Buy Me!
Novelists, Inc. Conference St. Pete Beach Oct. 2014

The general reader mindset changed with the advent of lower-priced, self-published books. One speaker encouraged higher prices than $.99. For that low price, he feels readers aren’t as vested and are more likely to give a lower rating. Also, the reader may not stick around to read a $.99 book as opposed to a higher priced book. Customers like lower prices, but that doesn’t mean they won’t pay more for what they perceive as value. Millions of customers are willing to pay as much as $15 per book. Traditional publishers can price lower and indie pubs can price higher. These two have to come together.

You can use pricing as a discovery tool. Price lower for your backlist titles or for one day as a marketing promotion. BookBub is where readers download free or cheap books to discover new authors. If a reader likes the book, they will buy other books by that author. The audience who subscribes to BookBub trusts them to offer books of a certain quality. Multi-author box sets can also drive discoverability. [Author’s Note: Also check out The Fussy Librarian]

So the $.99 deal is a great way to meet readers and get acquainted. Don’t feel you have to price every book as low as $2.99 or $3.99. You must have a pricing strategy. For example, make the first book permafree and price the others at a higher rate. Making the first book in your series free helps all your sales.

Kobo promotes the first free in series. They say an average of 54% of people who finish reading a book will go on to read more books by that author. Kobo curates the front-page material for their website.

Books in a series will sell better than standalones. But you don’t have to have books in a series per se if you can link them in a smart way. For example, one author had “the first kiss club” for clean, teen romance although each book is a standalone.

Your e-book is a living document, so put links in your new books to your backlist titles. The back matter is very important.

An average of 18 audio books is consumed by Audible subscribers in a year.

One speaker feels that subscription readers (for services such as Kindle Unlimited, Oyster, or Scribd) are a different market than readers who would buy your book.

It’s not easy for librarians to find indie authors on Overdrive. But another speaker said profits from the library market are relatively small compared to the retail market for successful indie authors. The following services were mentioned regarding libraries: Overdrive and BiblioBoard.

Lunch was served next, tempting us with deli sandwiches and an array of desserts. We had time to schmooze with friends before moving on to the afternoon panels.

Here I am with Ann Meier from Florida MWA and there’s Leanne Banks at the dessert table.

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See all of my Photos in the Ninc album on my Facebook Page

Note: Any errors in this article are due to my interpretations. As many ideas flew back and forth during each session, I will mention what I gleaned from the panels, and you can take from it whatever serves your needs.

 

Posted in Business of Writing, Conferences, Marketing, The Writing Life | Tagged: , , , , , , | 4 Comments »

The Future of Publishing, Part 1

Posted by Nancy J. Cohen on October 29, 2014

Novelists, Inc. Conference St. Pete Beach Oct. 2014

The Novelists, Inc. (Ninc) conference is the only writers’ conference focused solely on the business of writing. To become a member, you must show proof of two published novels. This is not the place to promote your work, pitch to agents or pick up new fans. It’s primarily a learning experience. You go here to learn what’s new in the business, what’s to come, and how to approach the many aspects of running a small business in the publishing field.

Of course, meeting old friends and making new ones is the benefit of any conference and this gathering was no exception. People came from across the country, enjoying the perfect Florida weather and beachfront setting.

Photo 1: Nancy J. Cohen, Annette Mahon, Carole Nelson Douglas, Laura Resnick
Photo 2: Nancy J. Cohen, Terry Odell, Karla Darcy

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Photo 3: Donna Andrews, Carole Nelson Douglas, Nancy J. Cohen
Photo 4: Sophia Knightly and Nancy J. Cohen

Tradewinds Resort

First Word Thursday: The Future Of Publishing, Part 1

Any errors in this article are due to my interpretations. As many ideas flew back and forth during each session, I will mention what I gleaned from the panels, and you can take from it whatever serves your needs.

Nine industry guests discussed the partnerships between authors, publishers, and agents. Journalist Porter Anderson moderated.

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A partnership is a power relationship. Consider where the power lies in each transaction. Ask yourself what your skills are, what partners have complementary skills, and who has the scale to utilize these skills to your benefit. Partnership implies equality, but at the end of the day, it’s your business and what you, as the author, have created. You want partners who can connect your book with a wide audience in new ways. Also, know the financial health of your potential partners.

One speaker was concerned that companies with enormous “scale” had their own agendas. They focus on profits rather than on promoting each title in a sustainable way. Publishers are making more profits today and more margin on e-books even when they say they’re hurting. Incumbents like the Big 5 are the least likely to innovate.

As an author, try to retain as much control as possible. Allow for new avenues to explore but examine them from all angles. With the advent of new technologies, look for shorter terms in your contracts so these new models can be tested and evaluated.

The key to partnership is mutuality. Traditional publishers must be more willing to let their writers go, because once your titles go backlist, you lose the mutuality. Print on demand and e-book publishers should not keep a book in print unless the author is making real money.

Competition drives innovation. Google could become a viable competitor to Amazon.

The most important relationship an author has is with his readers. What you write has to connect with your readership. Write consistently. Target your audience and determine how to reach them. Continuance between the author and reader is important whatever the distribution route. Unfortunately, often authors talk to other authors and sell to other authors. Focus on your readers.

Bringing back the mid-list has been the biggest benefit of digital publishing. However, there’s a glut of writers out there, so the solution is to increase demand. Society and culture need to make reading a valuable pastime. Let kids read fun books instead of classics in school. Every one of us should be involved in turning people into readers. How to sell books in a sustainable way is a critical issue.

One of the keys to self-publishing is for bookstores to open to indie authors. The recent deal between bestselling author Barbara Freethy and Ingram is encouraging.

BookLamp analyzed the contents of a book and gave recommendations to readers based on the text. (This startup has been bought out by Apple.) Authors collectively have power and should ask more questions about their data.

A discussion came up on the pressure for authors to produce more and faster in the digital age. Quantity should not be versus quality.

The author on the panel spoke about how iBooks is her number one retailer. She is totally self-published. After taking years to write her first few books, she put them all up at once. Now she’s a self-sustainable, bestselling author. She has an international Street Team that helps spread the word about her books. Her encouraging words: “You can make a living without being a household name.”

What do international readers want? Amazon is starting to look at the translator marketplace.

Coming Next: Yo! Here I am! Buy me!

See all of my Photos in the Ninc album on my Facebook Page 

Posted in Business of Writing, Conferences, Marketing, Self-Publishing, The Writing Life | Tagged: , , , , , , | 31 Comments »

 
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