These are the last questions I’ve received for FtQ&A—if you have any, please email them or use comments. Ask about craft, writing, editing, self-publishing, etc.
Marsha asks, “1. Are novellas (short digitals) selling?
2. How long did it take you to recoup the money you invested in your first book? A year? 2 years? 3 years?”
1. I confess to absolute ignorance about the sales of e-novellas. I did a quick Google search, but didn’t turn up anything useful. If a FtQ reader has some input, please share.
2. My first Indie-published book is Flogging the Quill, Crafting a Novel that Sells. I published it in May, 2009, and have sold over 500 copies since then. It was published in paperback only, mostly because of the illustrations and photos that pepper and enliven the book, and because of its workbook size, which some buyers really like. There are lots of reviews here.
Even though I have always viewed the publication of Flogging the Quill as a marketing effort designed to get the word out that I do editing and to provide an insight into how I think and edit, and even though I priced it to be competitive, not rake in profits, I figure I’ve about broken even on the printing and distribution costs.
That’s with a traditionally published book—printed copies stored in a warehouse and distributed to both the online bookstores and brick & mortar stores, and a book that can be returned. On the POD and ebook side, the story is different.
My investment in creating an ebook is only my own time. I know how to format them for production by Kindle, Nook, Smashwords, etc. (and offer that service to self-publishers). I also do the cover designs (and offer that service to self-publishers).
For the POD (print on demand) copies, the investment is $105 to produce the book through Lightning Source. That gets it distribution through all their partners—Ingram, Amazon, Barnes & Noble, etc.—and it can be ordered through physical bookstores. A case of books to use to promote the title cost a little over $160, shipped to my home. Then there are envelope and mailing costs involved with sending out review and blurb copies. But, still, the total cash investment has to be less than $250.
At this point, I’ve recovered the initial costs for the POD The Vampire Kitty-cat Chronicles, through the sale of print and ebook versions. Ebook sales are picking up, and POD sales trickle right along, including a fair number in Britain. Generally, it succeeds with readers. Even though a couple of early Amazon reviews were 1 or 2 stars, it currently averages 4 stars on Amazon. It has an edge to it, and you either get it or you don’t.
The other POD book, We the Enemy, is just getting started. It’s getting some good reader reviews.
I’m producing a POD edition of Finding Magic this month, and will announce it here. Shortly thereafter I’ll publish my fourth novel, The Summer Boy (which provoked an unexpectedly strong positive, “couldn’t-put-it-down” response from beta readers).
For me, the biggest reasons to create POD versions are two:
1. Physical copies are often the only way to get a book reviewed. Midwest Book Reviews requires the submission of 2 copies, and they must be the published version, not ARCs.
2. I can promote/sell them at the workshops I do.
I probably shouldn’t count this as a benefit, but just holding a physical book is worth a lot.
Remember, if you have questions, please let me know.
For what it’s worth.
Ray
© 2011 Ray Rhamey