Writer Wednesday—Book Events


Yeah, here we go again. But I read something the other day that said book events can cost an author $500, and that’s just not accurate.

Well, unless you count the therapist bills before and after . . .

Most authors are absolute crap at selling their books. The biggest reason is distribution, if you’ve self-published. You’re competing for shelf space with professionally produced books, but even if your book is very well done, those other books have distribution. Booksellers can pull up a website and order them in about five minutes, and that’s after they’ve seen the book in some publication or other and decided their customers might like to read it.

You, however, have to depend heavily on yourself and other people, most of whom are not book professionals.

If someone tells me his book is great, I’m going to take it with a grain of salt. Of course you think it’s great, you wrote it! If your mom or your best friend tells me the same thing, again, grain of salt. If someone whom you’ve paid to read your book, or exchanged books with, tells me it’s great, re-read the first two sentences in this paragraph.

Your cover, front and back, will tell a bookseller that your book is interesting, or not. The interior formatting will tell him if it looks professional; the story will tell him that it will sell, or not. And all that has to be damn good to get your book on a shelf in a bookstore.

Of course, you can sell your book other places, and this is where a book event comes into play.

Contrary to the article I read, you seldom, if ever, have to pay to host a book event. Most bookstores will do it for free, IF your book meets all the above criteria: cover, interior, story. Some will do it anyway. If you want to do an event elsewhere, sure, you might have to pay a nominal fee.

Your other costs are purely optional, like swag, cards, bookmarks, posters. Some will help, some won’t. Depends on a number of things.

And of course, books will cost you because often you have to provide your own copies and work on a consignment deal.

If you self-publish, and your books cost you $5, you can sell them directly for $10 and make a nice profit. If you’re doing consignment, you’ll only get a percentage of that $10—on average, 60%. So you make $6 and pocket that extra dollar.

Does that sound painful? Not really—authors under contract with a publisher would make about the same in royalties. This is not a get-rich business, this authoring stuff.

If a bookstore takes 40%, and your publisher gives you a decent discount on your own books, you can have roughly the same result if you have to do a consignment deal. If your publisher gives you 40%, you’ll break even; any less than that, you’re losing money.

Maybe that’s where they came up with the $500.

Oh, right, the therapist bills:

It’s really, really hard for introverted authors to make calls and go into bookstores to schlep their books. Nerve-wracking, even. Therapist Bill #1.

It’s even harder and more anxiety-producing to talk to bookstore customers about your book. Therapist Bills #2-10.

But, sorry, you have to force yourself. Remember, a bookseller is not there to babysit you—they have customers, some of whom you hope to sell to, and they should, ideally, be busy ringing up those customers. So it’s up to you.

The best tip I can give you is to take someone along to that book event, a friend, or even another author. It’s SO MUCH EASIER to talk about someone else’s book—the two of you can switch off, and talk about each other to potential readers. Piece of cake.

BUT.

Do make sure that you and the friend or the other author DO NOT SIT AND TALK ONLY TO EACH OTHER. In fact, don’t even sit. Stand, be approachable, smile, make eye contact, etc., etc. TO POTENTIAL READERS.

Oh, and something else I’ve noticed: don’t check your phone, don’t let it make noise. If it’s an emergency, they’ll keep calling and you can excuse yourself. That email is not important either. Focus on the here and now, on that potential reader.

And sell books.

 

 

Writer Wednesday—Amazon


Okay, fine, I’ll write about the latest from Amazon. So there.

The great dispute between Amazon and Hachette seems to be over E-book pricing, right? Here’s my opinion:

Who cares?

Oh, I’m sure Hachette authors care—it’s their livelihood, after all. And Hachette cares, because they also make money off E-book sales. And Amazon cares because . . . why?

I’m guessing because there are SO MANY lower-priced books on the Amazon site. But surely, you ask, aren’t people buying books from Hachette authors, even at those high prices? Yes, yes they are.

Let’s look at this from the perspective of indie authors and even small press:

We’ll start with a typical fiction E-book, roughly 80K words or so. A Hachette book (and I’m using them because, really, that’s who this is about) is priced at $14.99—that same book, in paperback, is roughly the same price. Should it be? Probably not. An electronic book is not a physical object, but in this day and age, well, maybe. Blood, sweat, tears have gone into its production, its writing, regardless of the medium a reader chooses.

Now look at an indie book, same size, same blood, sweat, and tears. That book is priced at, on average, $3.99. Why? Because that’s a price point at which it will sell. Look up the statistics. Again, why? Because that seems to be what readers are willing to pay for a book by Joe Blow, versus one written by a nationally known bestselling author.

Come on, don’t you go to the dollar store sometimes for certain products? Don’t you comparison shop? Don’t you sometimes get suspicious because something is priced too cheaply, and you think, therefore, that it might be crap? Be honest.

Now, you can find all over the web where someone quotes figures as to how many MORE Hachette books would sell at a lower price, and I stink at math so I’m not going to get into all that. Doesn’t matter. In fact, I’m almost tempted to raise my E-book prices, just to see what would happen. Hmm. Not a bad idea.

Times are tough for everyone, even people who read for entertainment. The fact remains that, for every Hachette E-book purchased, a reader could buy 3-4 indie books, right?

So why does Amazon care?

Beats me.

Look at your average physical bookstore. They sometimes have sales, discounts, specials, etc. They are under no obligation to do so, they can usually set their own price for the books they sell. If a book retails for 14.95, the store can sell it for as little as they want, technically. It depends on how much money they’ll make off each sale—that’s what effects their decisions.

Amazon is an online bookstore, right? (Yes, yes, among other things.) So why can’t they sell at whatever price they want? They don’t discount RHP E-books, but they DO discount our paperbacks.

I think the dispute comes down to royalties and contracts.

Many E-book publishers pay 40-50% royalties on E-books—on the retail price. Does Hachette do that? I don’t know. Maybe they pay on net. See, as indie authors know, you have to price your E-book above a certain rate in order to collect that 70% royalty, minus, of course, the cost of delivery. Amazon earns 30% of each book, without any costs. So, to make it simple, if your book is priced at $4.00, you earn $2.80 on a sale, minus a few cents. Amazon earns $1.20, for giving you the means in which to sell your book.

If you have a small press handling your book, or an E-publisher, same figures, you would earn $1.60 to $2.00 per E-book sold.

Now a Hachette book, priced at $15.00, would earn $10.50 for the publisher; Amazon’s cut is $4.50. The author would earn $6.00 or $7.50, depending on royalty percentage. That’s a big difference: on average, $2.20 versus $6.00 or $2.40 compared to $7.50. No wonder Hachette authors want a higher-priced book—don’t you?

But what is Amazon’s deal? They could make $1.20 or they could bring in $4.50 per book. Seems like a no-brainer. Why penalize a big money-maker?

And then. Gee, says Amazon, let’s take it to the readers. And authors. OF COURSE readers want cheaper books. Duh.

And you know what? Authors want more money. Another duh. So now, I’m thinking, a lot of indies are saying, “Hey, maybe our books should cost MORE!” What’s Amazon going to do then? Refuse to carry E-books at all? Aren’t they cutting their own throats over this whole thing? If Hachette lowers prices, Amazon makes a lot less.

What’s their game, anyway?