Category Archives: Getting to the Truth About Indie Author Marketingl: a clear-eyed guide to “author marketing services”

You’ve published your indie book. You know you’re supposed to be marketing it — and you’ve learned that there are plenty of people out there who will help you — for a fee. How do you figure out if paying someone to help you market is worth it? Getting to the Truth About Indie Author Marketing will help you sort through the hype. It will help you understand when to hang on to your money, and when investing in marketing services makes sense. Coming in 2015.

Why marketing indie books is so hard: competition, value, pricing (Part 2)

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You can’t market without data.

Well, okay, you can. But you’re shooting blind. And if you’re spending money, you’re throwing it away.

There’s not a professional marketer in the world — and by professional marketer, I mean someone with education and experience in marketing, who has been hired by a bona fide company to run its marketing programs — who would dream of spending marketing budget without first validating a whole slew of assumptions.

Another word for it is metrics.

Hang out on any marketing forum for any period of time, and the conversation will turn to metrics.

When social media first became a “thing,” the marketers became obsessed with metrics. They’d ask each other all kinds of really hard questions.

  • Have you tested Facebook? Twitter? YouTube? That other social-media-platform-of-the-day?
  • What were your results? How many visitors did you get? How many clicks per visit. How many conversions per click?
  • What was your cost per click?
  • What was your cost per conversion?

Dear fellow authors: have you ever once heard any indie book marketing company talk about ANY of those things?

Bet you a steak dinner you haven’t.

Because those kinds of questions poke holes in most of the author marketing “strategies” out there. Holes big enough to heave a trad pubbed book through.

What Indie Books Are Up Against

You can’t find a solution unless you understand the problem.

So pull up a chair, because I’m about to lend you my brain so that, together, we can understand a bit more about the challenges we face when we decide we’re going to “market” our indie titles.

The way I’m going to do it is through a little thought experiment.

Put on your pretend business person hat. Pretend you were going to found a new business which would be based on an ideal product, and you were going to launch it in an ideal marketplace.

I’ll go into this in more detail in my book, Getting to the Truth About Indie Author Marketing (click for details) but here’s the gist. Here are a few characteristics that define an ideal product in an ideal market:

  • The product would have an enormous potential market.
  • It would have little-to-no competition.
  • Prospective customers would need the product. Or if they didn’t need it (as in, they die without it, like food) they want it so badly it hurts.
  • The perceived value of the product is very high.
  • The cost of producing the product is very low, relative to the price you can set for it.

Now comes the painful part.

(I’ll wait while you find the Kleenex …)

How do indie books compare to that marvelous ideal?

Answer: they don’t.

The only possible exception is the first  bullet — market size — and that comes with a few caveats.

If you’re writing genre, for example, you may be creating a product with a large potential market. Sources day that the market for romance novels is around 29 million readers, for instance.

But if you’re not, your potential market is smaller — potentially much, much smaller.

And market size hardly matters anyway, because of the other factors we’ve listed.

Competition? Hey, you know how flooded the market is. Amazon carries over 30 million book titles, guys. That’s not even a flooded market. That’s darn near a saturated market.

So what about bullet #2. Do prospective customers need books? Guess what. They don’t. They might want them — and there’s a segment of the market that wants them badly — but nobody’s gonna t die tomorrow if he/she doesn’t get his/her hands on a new book.

Perceived value? Tell you what: if the perceived value of books was high, people wouldn’t be giving them away. They wouldn’t be pricing full-length novels at 99 cents.

Which leaves us cost. I’m having a lot of fun with cost in my book! But the bottom line (har har) is that you have to look at cost in terms of cost per unit sale.

And here’s the cold truth, my fellow writer: most indie authors aren’t going to sell more than a few dozen copies of their books.

Yeah, I know, I know, e-books are forever, your title might take off someday, and so-and-so sold zillions of copies, didn’t he/she? (Don’t worry, we’ll come back to that last claim early and often in future blog posts!)

But you’re investing your time and money today.

You’re paying your bills today.

No professional marketer in his right mind would ever dare turn to his boss and say, “I know, my marketing program didn’t result in any sales this year. But not to worry! I’m sure you’ll recoup you costs sometime in the next coupla decades.”

So suppose you churn books out at lightning speed, and keep your costs to almost negligible levels.

You’ve got to clear at least $5000 per title to break even.

At least.

(I will show the math on that in a future post.)

So plug that number into your calculator, along with how you’ll price your book and your expected royalty cut. And figure out how many copies you’ll need to sell.

1500?

2500?

5000?

I’m hunting down numbers as I research my book. Numbers. And one of the numbers I’m researching is how many copies/title the average indie author sells.

Not the big guys. Not the Hugh Howies and the Amanda Hockings and the JA Konraths.

The no-names.

I have yet to find any source that puts that number at higher than a couple hundred copies.

Got that?

On average, indie authors can only expect to sell a couple hundred copies of any given book.

Have you soaked your Kleenex yet?

Look, I have a huge problem, here, and I know it.

Nobody wants to buy a book that’s a total downer.

Hunt around on Amazon for titles on how to market your indie book. You’ll find a happy place, I promise. This works! That works! Five simple steps! Seven simple steps! All you have to do is xyz!

It’s a fantasy.

And I have nothing against fantasy. In fact, I adore dreams, fantasies, imagination. I write novels because there’s almost nothing in the world that makes me feel better than conjuring a fantasy and committing it to a Word file and then sharing it with other people.

So if you want to buy into some fantasy about how easy it is to market indie books, I say: more power to you.

But speaking for myself, I’m a professional writer. I’m in this as a career, not a hobby. I’m into this indie publishing thing as a business.

Not a get-rich-quick scheme.

A business.

So I want a clear-eyed view of what I’m up against.

Won’t you join me?

Everyone who subscribes to my Getting to the Truth email list before midnight, E.S.T., on Sunday February 15 will be entered in a drawing to win a free e-copy of the book.

Subscribers will receive brief, periodic updates on the book, including links to blog posts like this one that share information I’ve dug up about indie marketing. These will be hard-hitting, extremely useful posts that you do not want to miss.

I will not share your contact information with anyone else, and you can unsubscribe at any time.

Subscribe by using the form below, and please pass along this link to your indie author friends so they can participate as well.

Thanks for your interest. Thank you for your support.





Speaking of misinformation

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Quote of the day:

I don’t think I’ve ever encountered a business where there’s so much poor advice or lousy, limiting thinking than the writing business, nor so much misinformation.

—Russell Blake, novelist.

He’s writing about the myth that only “hacks” write novels quickly, but that observation could be applied to a looooot of other things as well.

(For context, see my posts on indie author marketing, e.g. here and here.)

Speaking of data

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Kristine Kathryn Rusch has a terrific blog post up that looks at a number of publishing metrics that have been reported by industry peeps lately.

I’ve just added this line from the post to my list of favorite quotes:

There’s an awful lot of common knowledge floating around in the publishing industry, most of which is not based on any reality at all.

Yep.

(For context, see my posts on indie author marketing, e.g. here and here.)

Why Marketing Indie Books is SO Hard (Part 1)

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Getting to the Truth about Indie Author Marketing, by Kirsten Mortensen

Getting to the Truth About Indie Author Marketing: A clear-eyed guide to promoting your self-pubbed book

As a fellow writer, I’m sure you share my fascination with the trickiness of the human mind.

It is, after all, one of the primary sources for conflict in fiction. Pick up any decent book or article on the craft of fiction, and you’ll soon find yourself reading about character motivation: what your characters want or desire.

“Desire drives the action,” notes novelist Carol Edgarian. “It is what makes characters real.”

But characters’ desire is only half the equation. Their desires must also be thwarted.

And very often, the thwarting comes not from external factors but from internal ones. Characters’ desires are thwarted because of their internal flaws and mistakes. Characters become their own worst enemies.

We writers are also, often, our own worst enemies

One of the most fascinating internal character flaws, in my opinion, is what author mentor K.M. Weiland calls “The Lie Your Character Believes.”

A character realizes he has a problem in his life. What he doesn’t realize, subconsciously or otherwise, is the true solution to his problem.

He thinks that if he can just have what he wants, all will be well.

In the the great English novel Middlemarch George Eliot follows a number of characters who are their own worst enemies, because they’re unable to see past the fantasies they’ve erected in their thinking. Their fantasies obscure reality.

Gone with the Wind, by Margaret Mitchell

900 pages later, and she finally realizes it was Rhett all along.

Dorothea, for example, believes that marrying Edward Casaubon will fulfill her deepest desire. It will allow her to align herself with a cause that is larger than herself, that will make a mark on the world. Throughout the courtship period of the relationship, she builds a fantasy in which Casaubon is a man of extraordinary gifts, destined to publish a great scholarly work, The Key to All Mythologies.

Marrying Casaubon is what Dorothea thinks she wants.

But within a few weeks of being married to the man, she begins to realize she’s completely mistaken about her husband’s greatness and destiny. Much of the novel explores the sorrowful consequences of that mistake.

There are a zillion other examples in both literary and genre fiction. Think Scarlett O’Hara’s fantasy about Ashley Wilkes in Gone with the Wind, for example. She’s so committed to that fantasy that she fails to understand her true love is right there under her nose. A tragedy for the ages!

But here’s the thing: it’s not just our characters who struggle with this.

All humans do.

Including writers.

We think we know what is “real,” but we don’t.

In Getting to the Truth About Indie Author Marketing, one of the topics I explore is how difficult it is for we writers to really know what author marketing tactics work.

This is hugely important, because if you don’t really know what works, and what doesn’t work, you’re guessing.

You’re gambling.

And if you’re gambling with your money, chances are you’re going to get burned.

One problem is lack of data.

Professional marketers don’t make uninformed bets.

They make bets that are based on years’ of experience — and on DATA.

We indie authors don’t have data.

But we fool ourselves into thinking we do.

We think that by reading what other authors have done, we’re getting a true picture of how to market our titles.

Okay.

I’m going to be completely blunt here.

That’s a fantasy.

No matter how much time you — as an individual — invest in gathering information about how to market your indie book, you can’t begin to grasp the entire industry. You can’t begin to see the “big picture” information about what authors are doing that works, and what authors are doing that doesn’t work.

Think about it. There are some 300,000 indie titles published every year. In some cases, authors are publishing multiple titles, but even if we account for that, there are hundreds of thousands of indie authors out there.

You could read ten or 20 or 50 or 100 case studies about those authors, and what they’ve done to market their books.

You still wouldn’t have a representative sample of the industry from which you could draw any meaningful conclusions.

There’s a second factor as well: the information you do gather is almost certainly dated.

This industry moves at lightning speed. Factors that influence the effectiveness of specific marketing tactics change overnight. (Just look at the way Amazon’s introduction of Kindle Unlimited roiled the status quo for many authors.)

Third factor: there are so many indie authors out there trying to market their books, that if anyone gets a clever new idea that proves successful, within a matter of weeks thousands of other authors are doing the exact same thing. By the time you tumble to the idea, the novelty has worn off. Readers have tuned it out.

(Blog tours probably fall into this category; I’ll be including a chapter on blog tours in my book, and will write more about my research on blog tours in a future post.)

Last but not least, there’s the issue of cognitive bias. I’ll be exploring that in more depth in a future post, so be sure to come back, but in a nutshell: the human mind is wired in a way that makes it hard to make sense of data, even when we do have access to it.

So Is There Any Hope?

Actually, yes, there is.

However, making money at indie publishing is FAR from “a sure thing,” and if you think it is, odds are you’re going to be disappointed.

What we writers need to do is to approach marketing our books the way experienced, professional marketers approach their consumer products challenges.

We need to use data. We need to cultivate expertise in the principles of marketing so that we don’t so easily jump to erroneous conclusions. And we need to be honest with ourselves.

We need to be clear-eyed about what bets make sense, and what bets are just a waste of money.

More Coming!

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