What is your novel worth?

For my self-published friends: What exactly is your book worth?


Hi everyone,

Sorry for the lack of postings/tweets/facebook messages, I’ve been stuck without my main computer! It died about two weeks ago and I’m still in limbo with it. I could replace the hard drive, but at this point, It may make more sense to simply get a new computer. Not sure yet.

Anywho, onto my main post.

As self-published authors, we are always facing the latest push to devalue our work. The average pricing for an ebook dropped roughly 50% this last year, according to a recent study. (I’ll find the source, but heard it on the radio!) So even the main stream publishers are facing pressure to reduce the price of their work. Understandably, there is pressure on self-published authors to get our work in ‘under the wire’ so to speak, at a reduced price, because hey, everyone likes a deal, right?

Consider what goes into making a book: Time + Money + Effort = Finished Product. You spend hours writing, revising, fixing a novel. Then you probably spend money sending it to someone else to be edited, revised, tweaked. You spend money on getting good cover art because, hey, people DO judge a book by it’s cover. You put in effort to promote, to network, to do all the legwork yourself or with only a few volunteers.

Face it: You, the self-published (or small-published) author works incredibly hard for your money. Why should you not ask people to pay for your work? And not just a pittance either. $0.99? for a full length novel?

If you spent $1,000 crafting your novel, and you sell it for 99 cents, using Amazon’s algorithm (i.e – 35% of each sale is yours), you would have to sell 2800 copies of your novel just to break even. Before any advertising & such. I once heard a quote somewhere that said the vast majority of self-published authors never sell more than 50 books.

Sell your novel for 1.99, you make 66 cents each book – you’ve cut the number of books needed to break even down to 1500. Already you’re doing a lot better. Up it to $2.99, and now you’re making 70% of each sale, 2.09 – now you only need to sell 478 novels sold.

If you truly think your work is only worth 99 cents, then sell it for that amount. Sometimes people ask me why my novella isn’t 99 cents. Because I don’t think it is worth that. Will I reduce the price in the future? Maybe. It is a short novella. But true fans will buy your work, regardless of whether it is 99 cents or 1.99 or 2.99. A true fan will not ignore your work because it costs a dollar more. Then it is simply someone who is out looking for 99 cent books, not someone looking for you.

So what is the point of this? Readers believe that everything should be cheap or free. But quality has a price. If you want readers to come to you because of the quality of your work, price it accordingly.

Thanks for letting me rant 🙂

Here’s what some other people have said…

 

For those who want to see it…

Copper Centurion is now available in Print! eBook files to come May 1st!


Copper Centurionis now available in Print! DSCN5945
Yippie! Don’t forget the ebook is coming May 1st! Be ready for it! I’m so excited to share all the hard work with you, my loyal readers, fans, and friends.

Oh, and did I mention that both the Goodreads Book winners packages and thank you notes for kickstarter friends should be going out in the next few days? Pictures will be posted soon! In the meantime, here is a picture of me at EPICon!

Big smile (I had just won the best Action-Adventure novel award!)

Carpe Diem Friends! Only 12 more days!

 

To sign or not to sign with a small publishing house

I share a situation that may be happening in the future with a small publishing house, and my thoughts on whether to sign or not should an offer be forthcoming.


Hi everyone,

As many of you may know, Brass Legionnaire recently won the EPIC eBook Award for Best Action Adventure Novel. And I get an awesome new little award thingie to put on my blog and my book website! Yay! 2013_EBook_WINNER-smWhat I didn’t add earlier is that while at the conference, I was approached by an editor at a small independent publisher. She was very interested in my book, and the award made the series more attractive. She asked me to email her when I got home, so I did. She recently got back to me, and was very interested to read more, so I sent her the entirely finished first and second books of the Steam Empire Chronicles, plus Roma Aeronautica, the short story that I’ve been working on.

I’ll admit, I’m feeling a tad bit nervous. One of the best things that self-published authors have is control. Control over editing, cover art, interior illustrations, when to publish, even deadlines. With a publisher, any publisher, you lose that. I was also worried because of my Kickstarter. Companies don’t like it when you give their stuff away for free (although in this case, the people have ‘technically’ paid for it, and saved the publishing house money as they won’t need to spend as much time editing or revising the novel – theoretically). I’ve also been looking at some of their writer’s work on the computer, and while it has some good reviews, they don’t seem to have a ton of downloads, which worries me to another degree.

The end result is what to do? I’m not sure. I’m going to hold off posting this until I hear some feedback from her. Here’s what I’d love to ‘get’ out of this situation.

  1. I want to keep my cover artist and interior artist because I believe consistency is CRITICAL with a series.
  2. I want flexible deadlines because I’m a teacher and can’t crank sh…er… stuff… out at a ridiculously fast pace.
  3. Money! (duh, but really, a healthy percentage cut or something…)
  4. Marketing assistance – I can do some, more in the summer, but not a lot due to my day job. I’d love some help.

What I don’t want

  1. Going back into edits on both novels
  2. Arguments over illustrations or cover (MY BOOK = MY COVER)
  3. For someone to get me to sign it over then sit on it.
  4. Changing the character/nature of the novel
  5. Being hung out to dry
  6. Watching my sales stagnate.

Let me add some caveats – I’m not a control freak, not am I a crazy person to work with. Just ask my editor, cover artist, formatter, etc. I’ve very low maintenance, but I do want to be listened to and included in the conversation. I don’t want to be talked down to, but I am willing to listen to constructive criticism. I know that Self-Published authors get a lot of flak for being difficult to work with or unprofessional, but I think that publishers often think that their work is superior in all ways, and that they don’t have to listen to people. I’ve found plenty of typos in major publishing house’s work before, so that’s not an issue with just one publisher. I also don’t think the stereotypes about either side are true, as I met absolutely wonderful people at EPICon who would fit either of those categories. I’ve also been looking up and doing my research, and I noticed that this particular publisher was relatively low on the Alexa score rankings, (type in Alexa Rankings and you can type in any website and see their traffic information). So I’m still torn.

Of course, nothing has been offered and therefore this could all be moot!

Lots to think about I suppose.

 

Top Ten Gifts for the Book Lover, Continued.

My top five holiday gifts of the season, including some you may not be thinking of!


Hi all, so here’s the last bit of my top ten gifts for the book lover, #1-5

#5 – An audiobook of his/her favorite novel. Trust me, there’s nothing better than being able to listen to your favorite story while being stuck in traffic. It really can make the time fly. My personal favorite audiobook, Ender’s Game, is an excellent book for those of you with middle age children in the car. Zap the phones and let them listen and watch for a change.

#4 – An eReader – Kindle, Nook, Kobo, or iPad. – Please note, I’m not telling you to actually go out and buy one right now. It’s better if you ask the gift recipient two things. 1. Do they already have one? (If so, don’t get them another) and 2.) What would they do if they got one? Are they going to use it primarily to read? Play games? Do work at home? Etc. Different versions tend to be better for different things. Nook and Kobo are a bit cheaper and focus more on just reading with fewer apps, but better ‘book-reading’ software. Kindle and iPad tend to be better all around machines, even able to run some competitors programs on their hardware, but you also pay a premium for it, especially if you want things like 3G and such. So think about short and long term cost.

#3 – Brass Legionnaire of course! I had to rep my own book, but in all seriousness, buying my novel or another self-published novel would really be a boon to someone else’s pocketbook this season, like my friend Hazel West and her novel On a Foreign FieldAnd the best part is there is something out there for everyone! So take a look this holiday season!

#2 – A super special edition of their favorite book – Many authors have some sort of special edition version of their novel. If you book lover is really interested, look it up. A good alternative – find a book poster or blown up version of the cover and get it framed.

#1 – My number one gift isn’t really something you can wrap or tie with a bow. In a way, it’s something that I personally always enjoy during this very hectic holiday season.

The number one gift is the gift of alone time. Many book readers enjoy being able to sit back, relax, and crack open their favorite novel (Old or new). It’s hard to do this during a very crazy holiday season with family, friends, etc all over the place. So if there is a free moment, or your book lover wants to hide in the bedroom for a while just unwinding, let him/her. Or go even further, set aside a whole day where you have no prior engagements, jobs, cleaning/cooking duties and just enjoy the spirit of the season.

Or when in doubt, make brownies. Everyone loves brownies.

Happy Holidays everyone! Be on the lookout for a surprise holiday sale coming this weekend!

And the winners are…

Congrats to the winners of our blog giveaway!


Congratulations to the winners of the blog signed paperback giveaway.

After a thorough tossing in a shoe (yes, a shoe, I was out of hats!), they are…

Poindextrix

Elizabeth Warner

John Idlor

Congrats folks! It’s up to you to message me your addresses so I can send the signed paperback to you. You can use the ‘contact me‘ option at the top of the page under ‘About Me’ (or just click on the link!)

For those of you who didn’t win, you can still find the paperback copy here, or the online copy on Amazon here.

I’ll be posting another update soon this weekend about some lessons I’ve learned from self-publishing

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