Does it pay to advertise? by Ali Bacon
Ali Bacon's debut novel |
Well does it? Until recently I
hadn’t even considered it. When A Kettle of Fish was published in late
2012, I already had a healthy online presence. Using my ‘platform’ to sell my wares, I could also call in online
favours to shout about my new e-book without spending a
penny. But two years on, while reluctant to conjure up images of
deceased equines, that’s pretty much what I feel I’m dealing with. Surely my online
audience and real-time contacts have by now either bought it or decided
against? Yes, I think it’s time to find
a new audience by doing some advertising. Will it pay? Maybe I should have
consulted my blogging associates first, but having woken up one day with a
sudden desire to go for it, here’s what I’ve done so far.
The first thing I considered was
a listing with one of the increasing number of e-book marketing services. With
these your book is emailed out to readers who have usually indicated a genre or set of genres that
interest them. To test the waters, I signed up as a reader to three of these,
Fussy Librarian (well I used to be one!) E-book Soda (nice name) and Bookbub (not a nice name but seems to be the biggest). Emails
arrive daily with listings in my chosen genres with links to retailers and I
have even bought one or two, so I can see that the system works. All of these
services have or claim to have a basic quality control mechanism for
submissions and some of them insist that the book is discounted from its normal
price or have an upper price limit. The cost of these services is usually
linked to the circulation stats for the chosen genre. These examples are all for a single day listing in the women’s fiction
category.
Service
|
Circulation
|
Cost per listing
|
|
38,000
|
$14
|
800,000
|
Free book $220
$1 book $440 $1-$2 $660 |
|
$10
|
Bookbub is the only one to give
estimates of sales. They claim a
paid-for book will sell an average of 2000 per listing but the spread is from 400 to 4000.
Even if I make my book free (average downloads 19000) it’s a lot of money for a
business with minimal profits. And no guarantees of the uptake. On the day I
checked, the E-booksoda price was only $5 and I took the bait. It will be
mailed in two days time on September 24th. If there’s limited
impact, at least I won’t have broken the bank!
Author, salesperson, ex-fussy-librarian |
Meanwhile my POD publisher
Feedaread was offering an advertising deal via Writers Magazine and Writers
Forum (combined subs 13000 plus retail distribution 33,000) in which readers
will visit Feedaread website and choose to read an extract from any of a number
of novels for the chance to win a substantial prize. I have some reservations
about this and would not have taken part if I hadn’t negotiated that the e-book
as well as the paperback will be mentioned in the promotion. (Yes, there’s hard
woman in there somewhere!) Let’s say the cost is a lot more than $5 but still considerably
less than the cheapest Bookbub deal.
I have to confess my approach in
all of this has been far from systematic and you can probably see there are
other factors I haven’t gone into here. I’m also hoping that by the time these
promotions run, I’ll have access to my own detailed sales figures which are at
present only seen by my (micro) e-publisher.
I’d be fascinated to here how
others have dealt with any of this and how they have fared. I do have other
marketing plans including face-to-face events, but I’m also aware that the best
plan of all might be to bring another product to the market.
Yes, never mind the sales pitch, time to get writing!
Ali has her own website at http://alibacon.com or follow her on Twitter @AliBacon
Comments
Up to now I've had no control over my e-book price, but all this is now to come!I admit I feel 'safer' in the UK market, but I'm sure you're right, US is the key.
In the UK, there's also indiebookbargains - still free, I think? And you can get an ad on kuforum.co.uk for a minimal charge.
I'll check ou the indie bargains site.