Like TV diets, I am going to start this entry with a disclaimer because KDP Select is still only 3 weeks old and Amazon just dumped millions and millions of new e-readers on the consuming public for Christmas.
I planned for my second novel, Guardian, to be released right before Christmas with the idea that it would be fresh on the "whats new" lists just in time for millions of new e-reader owners to find and buy. A week before it dropped, Amazon tipped the e-book world upside down with its KDP Select program. While the internet was buzzing with $$ in their eyes over a half million dollar "prize pool" and "it's the end of capitalism" 90 day exclusivity clause, I found my stomach doing flip flops over the little bit at the bottom that allowed you to set your book for free for 5 days. Half million dollars? Who cares. 90 day contracts? So what. 5 days free? Screech, what! Santo Gold! Sign me up!
What better way to promote a new book than making the first one free? Honestly, I didn't even have to think about it. Three clicks later and Requiem was pulled from Barnes and Noble and enrolled in KDP Select. Enough back story and lets get to the good parts. I set my expectations for the giveaway pretty low. Two hundred a day with 1,000 total. The end goal being that over the next 90 days. 1-10% of the free downloaders go on to buy Guardian. So somewhere between 10-100 sales of Guardian by March.
Lets take a look at some hard numbers that most people do not like to share. Requiem had a crappy quarter. September was good, breaking the "One a Day" sales goal, but October flopped with 4 ebooks sold and November followed suit with 4 sales and December was going for a three-peat with 4 sales before the free promo at a ranking of 267,591. Dec 26 the promotion started and it was supposed to end Dec 30 at 11:59pm In reality, it ended sometime around 5am on Dec 31. It ended up with 3030 downloads. 150 of them from European domains.
3030>1000 so expectations were exceeded. While Requiem was free, it climbed to the number two spot of the Science Fiction/Adventure category right behind The Time Machine which cheated because it was auto downloaded by new kindle owners by default on some profiles. My purchase history had me auto downloading it along with Treasure Island and Pride and Predigious. It was a fun moment because I was beating out Joe Konrath and Requiem stayed in the top 10 for the last four days of the promotion. Only falling out of the number two spot on the last day.
When the free ride was over, Requiem was back on the paid ranking side where it was prior. Rank 330,000ish. Guardian started to sell. Not much, but 6 copies during the promo. This is a win. because it's up 600% prior to the give away. A good start only 4 away from my original 1% low end goal of 10 books and reaching 100 a real possibility. Then the magic happened, Requiem continued to move units. 35 copies sold on Dec 31st and so far today (Jan 1) it's at 38 units sold. 73 PAID units in less than two days. Just what does that do to a paid book? Well, Requiem landed on three top 100 sellers lists on Amazon.
This was not anticipated at all. I expected to have these types of sales spread out over the next couple of months for Guardian. Customers like the first book and purchase the second one. I even included the first 9 chapters of Guardian with Requiem and a link to buy Guardian if they read that far. Why Requiem instantly shot onto best selling charts is a complete mystery to me. Guardian is doing well with 5 units sold today. Back to the blog topic, I have 84 sales in two days. I am more than happy with KDP Select, but I feel these are not typical results. Only time will tell if this is a flash in the pan and gone tomorrow, or the starting sparks of a career. Either way, Requiem can now be called a Best Seller, if only for a short time.
Showing posts with label Amazon Digital Library. Show all posts
Showing posts with label Amazon Digital Library. Show all posts
Sunday, January 1, 2012
Tuesday, September 13, 2011
Amazon's Digital Library and why this is the worst idea of the century.
There are a few things I want to discuss today. First is the rumblings in the news about Amazon's Digital Library. Basically if you don't know, its a book version of Netflix. You pay a monthly or yearly subscription fee and you have unlimited access to the library on your Kindle (no print books). It appears that this offering will become part of Amazon's existing Amazon Prime. I have posted my opinion of it on the KDP forums already, but I want to talk briefly about it here as well.
This is a huge step backwards for indie authors, traditionally published authors, the Big 6 and Amazon in my opinion. Amazon has taken the sledge hammer to the traditional publishing world by allowing anyone to publish their work through KDP. Barnes and Noble followed and so did Apple. As much as the Big 6 try to convince us it isn't so; digital publishing is the norm and paper is the exception. Amazon and authors are making big bucks this way. Even the Big 6 are making bank as they transfer back list and out of print titles to the e-format.
The greatest advantage this gives authors is that an eBook is forever. In traditional print, assuming you even got the chance to publish a book, you had 30-60 days to sell and you either made it, or your books were returned or burned to make room for next months new books. If the guy in New York passes on doing a piece about your book because there was a similar one last month, you failed and so did your career. Here comes Amazon and eBooks. Now your book has a shelf to sell from until it takes off. Visit Kindle Boards and other forums and you will see. There are a lot of good books out there that took six months, a year, two years before they found their stride and started selling in hundreds, thousands, tens of thousands. Numbers that make people drool and the best part is everyone wins. The readers win because the book costs $2.99 instead of $27.99. The author wins because they get paid $2 instead of $1 and Amazon sits back with arms open arms as the savior of the writing world raking in 30-65% of every sale without having to do a thing other than host a website. Amazon didn't write the book, they didn't edit it, buy a cover, isbn number, market, promote or anything.
Now, Amazon wants to offer books as a rental subscription? Screetch! What! Its like 7:00pm and your stopping the party? The Kindle only came out in 2007. Give it a decade for christ sake. I pray that the Big 6 say no to this and I fear if they don't. Why? Because rental just doesn't work. Look at libraries. They run on donations and government funds. Video rental stores have all gone belly up. This leaves Netflix and Red Box. Only reason Red Box works is there is no overhead, no store, no employees to pay, it's a frigging vending machine! Even Netflix tried to push everything to streaming, and recently they lost the Starz library and raised all their prices. Why? Because $9 a month can't pay anyone for new content. Rental is where things go to die, there is no life left, no money to be made. The end.
I worked for Dell for 8 years and I saw them do some really stupid things to make something look good when it was a bad idea to begin with. There is an Amazon exec who is in charge of Amazon Prime and this is nothing more than a way to boost Prime's numbers so he can look good and make his assigned metric and try and boost sales when they launch their iPad rival. This will cost everyone money. You, me, Amazon and the Big 6. If you want to rent a book. Support your local library and go there. Your tax dollars already pay for this.
This is a huge step backwards for indie authors, traditionally published authors, the Big 6 and Amazon in my opinion. Amazon has taken the sledge hammer to the traditional publishing world by allowing anyone to publish their work through KDP. Barnes and Noble followed and so did Apple. As much as the Big 6 try to convince us it isn't so; digital publishing is the norm and paper is the exception. Amazon and authors are making big bucks this way. Even the Big 6 are making bank as they transfer back list and out of print titles to the e-format.
The greatest advantage this gives authors is that an eBook is forever. In traditional print, assuming you even got the chance to publish a book, you had 30-60 days to sell and you either made it, or your books were returned or burned to make room for next months new books. If the guy in New York passes on doing a piece about your book because there was a similar one last month, you failed and so did your career. Here comes Amazon and eBooks. Now your book has a shelf to sell from until it takes off. Visit Kindle Boards and other forums and you will see. There are a lot of good books out there that took six months, a year, two years before they found their stride and started selling in hundreds, thousands, tens of thousands. Numbers that make people drool and the best part is everyone wins. The readers win because the book costs $2.99 instead of $27.99. The author wins because they get paid $2 instead of $1 and Amazon sits back with arms open arms as the savior of the writing world raking in 30-65% of every sale without having to do a thing other than host a website. Amazon didn't write the book, they didn't edit it, buy a cover, isbn number, market, promote or anything.
Now, Amazon wants to offer books as a rental subscription? Screetch! What! Its like 7:00pm and your stopping the party? The Kindle only came out in 2007. Give it a decade for christ sake. I pray that the Big 6 say no to this and I fear if they don't. Why? Because rental just doesn't work. Look at libraries. They run on donations and government funds. Video rental stores have all gone belly up. This leaves Netflix and Red Box. Only reason Red Box works is there is no overhead, no store, no employees to pay, it's a frigging vending machine! Even Netflix tried to push everything to streaming, and recently they lost the Starz library and raised all their prices. Why? Because $9 a month can't pay anyone for new content. Rental is where things go to die, there is no life left, no money to be made. The end.
I worked for Dell for 8 years and I saw them do some really stupid things to make something look good when it was a bad idea to begin with. There is an Amazon exec who is in charge of Amazon Prime and this is nothing more than a way to boost Prime's numbers so he can look good and make his assigned metric and try and boost sales when they launch their iPad rival. This will cost everyone money. You, me, Amazon and the Big 6. If you want to rent a book. Support your local library and go there. Your tax dollars already pay for this.
Labels:
Amazon,
Amazon Digital Library,
Author,
Barnes and Noble,
eBook,
ePub,
Guardian,
Kindle,
Netflix,
Nook,
Printing,
Publishing,
Requiem,
SBJones,
Starz,
The Eternal Gateway
Location:
Twin Falls, ID, USA
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