Well, no, not really. As of this writing, James Patterson is #1, but it would be nice, right? Number one seller in the Amazon US store?
It would certainly mean a lot of sales, and a lot of visibility, but, for most authors, it would come at a cost in advertising dollars. Dollars that might be better spent in maintaining a longer placement somewhere else in the Amazon ranks. Number one on Amazon, even number one in many categories and subcategories, might not be the optimal goal.
Okay, an aside: Yes, it’s a satisfying thing, and I have a collection of screenshotted orange badges for #1 in categories — Steampunk, Space Opera, Space Fleet — as well as some screen shots of the times I’ve hit the top 100 SciFi authors list on Amazon, if only for a brief, fleeting moment. I pull those out from time to time and it makes me feel good. Sometimes, I print them out on little bits of paper, fill the bathtub with them, and …
This series of posts is about business, and business means money. Money comes from sales, not prestige, though there’s a certain correlation between the two.
So, what rank should you be trying for in your advertising? Well, first, why are you advertising at all? What’s your purpose?
If you have one book, or even, maybe, a number of stand-alones, then you might be after sales, and this post probably isn’t for you. This post is for the authors, like me, who have a series.
When we advertise, it’s usually with a free or discounted book. That’s the hook, right? Check out this book and you can do so on the cheap. We’re hoping that a reader, entering on the cheap, will read through the rest of our books at the full price.
My own advertising is generally of Into the Dark, which is currently $0.00. So conventional calculations of ROI are pretty pointless — there’s 0 ROI on someone picking up Into the Dark. Read through is where the money is — and there’s a calculation to figure it out.
(book2royalty x book2readthrough) + (book3royalty x book3readthrough) + ad catalogum
The expected dollar value of a new reader comes from that.
But there’s another value that comes from the ad responses, which is our books’ rank. We know that rank equals visibility, and visibility equals sales. But how high a rank is good enough?
My books are not mainstream. They’re quite niche. A little bit of Steampunk feel, in the late-18th century naval environment. A little bit of Space Fleet, for those willing to put up with the late-18th century naval environment. A dash of Space Opera, in that they’re so character focused.
If I were to hit #1 in the whole store with an ad blitz and knock James Patterson
‘s ghost writer out of that spot, would it really do me any good so far as visibility goes?
I don’t think so. I think above a certain rank is wasted for me. The folks looking at the Amazon Top 100 or even the Science Fiction Top 100 are probably not my market. They aren’t folks who’ll like my books, or, if they are, there aren’t enough of them looking there to make it worth the effort and expense.
I want to keep Into the Dark in the top twenty or so free books of my main categories: Steampunk, Space Opera, Space Fleet, and, on a good day, Military as a whole — and I want to stay there as long as possible, not flash up to #1 in SciFi and then be back in the doldrums a week or two later.
I want the eyeballs of someone who’s looking in those categories, specifically, today, tomorrow, next week, a month from now, and six months from now. So I keep my ads and the spend on them tailored to do just that.
If it was all about big visibility instead of targeted visibility, after all, then we’d all be advised to take out
Superbowl Big Game (edited on advice of trademark counsel) ads for our books.
I have a number of favorite authors who offer all of their books through Kindle Unlimited. How does writer compensation work with K.U. does the availability of work to loyal readers pay off? I loathe loss leader marketing schemes that offer the introductory books for free the following books for a more or less fair market price, with the final book at a ballooned pricing to make up for the free first book. When I find these schemes I put it in the review of the first book. Do you believe that loss leader marketing works for most readers or authors?
While I admit I initially felt being ripped off with the lasts books being expensiv on KU, I don’t any more. Yes, you are being “lured in” with an inexpensive book, but you only have to buy the subsequent books if you liked what you read. I feel like it’s a good way to get a peek at a new series to see if I like it. And I don’t mind if the last book is more expensive- I’m happy if a good author gets paid for ALL of the books he wrote. So, really, the ballooned price later on is only fair.
I may have conflated two separate subjects. Many of my favorite authors manage to release all of their books on K.U. and was wondering how well that worked for the author.
The loss leader marketing is a scheme that I avoid and have on occasion placed authors on my personal do not read list when it was egregious. I often place a warning on the first book of a series if the loss leader marketing is used. I feel that it is fair to warn other readers in advance. What is most annoying is when the word count plummets at the same time as the price increases.
With Kindle Unlimited I pay $120.00 per year and have unlimited access to up to 10 books at a time, much like a library membership, (how much does an author want to get his books stocked in a Public Library?) So with an author who makes all of her books available on K.U. does that pay off? It must work for some or no one would use it for full series publication.
I apologize for the double entry, an abundance of studying for continuing education and a lack of (failure to take on time) Adderall was playing havoc on focus,