Erik Sherman's WriterBiz

A spot about the business of writing as seen by a freelance writer. That includes marketing, sales, contracts, copyright, planning, research - in short, the business end of writing.

Name: Erik Sherman
Location: Massachusetts, United States

I'm an independent writer and photographer who covers business, food, technology, books, media, general features, and pretty much anything appealing that results in a signed check. My work has appeared in such places as the New York Times Magazine, Newsweek, Newsweek Japan, Fortune, Inc, Fortune Small Business, the Financial Times, Advertising Age, Saveur, US News & World Report, and Continental

Friday, June 12, 2009

Author Reveals Kindle Book Sales

People have been wondering about actual sales of e-books on the Kindle. JA Konrath was kind enough to do this in significant detail. A few things jump out:
  • His publisher released a couple of novels. One was at $1.99 each and sold over 10,000 copies in a month. But publishers get 35% of the sale, which would be around $7000. So you can figure that the author's take would be between roughly $700 and $1000. Another title was listed for free. As Konrath is releasing some out-of-print books at very low prices to encourage more readers and is focusing on copies moved, not profit, it sounds as though the publisher did the same.

  • The publisher actually promoted the books on Amazon, which means that the net for it is likely next to nothing, reinforcing the "get audience members" view.

  • As previously mentioned, Konrath is selling some of his out-of-print titles, earning $2781.35 in just over two months.

  • From the little price testing that he's done, at least on the low end there doesn't seem to be a lot of sensitivity, and I get the sense that charing a few dollars per title might work.

  • With the way things work, for self-sold work, authors set the price and Amazon pays 35% of that, and then might further discount. So raising the price increases your take per copy, and even then Amazon might sell at a lower price to move more units. Effectively, you end up getting a bigger chunk of what the company actually takes in.

  • Genre seems to trump the strength of the work's listed description, which to me makes sense. To specify genre is to effectively describe the size of the potential audience. Even a killer description of a book of poetry is going to be limited to attracting people who would buy poetry.

  • Some authors who have never traditionally published are doing as well or better than Konrath, who has had seven book in print.

  • Publisher releases "vastly" outsell author releases, because the publisher can get better placement from Amazon.

  • Being active in the Kindle and Amazon social network features and in newsletters seems to be important to success.
If you're a book author, don't depend on this summary and do read his blog entry, becuase there are other things to learn from it.

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