I’ve been reading blogs lately about the viability of paying to list, or place
an ad, on book promotion sites. I’ve also talked with several authors who’ve
taken part in some sites. While the info coming in is anecdotal at best, there
is a common pattern, which is that the sites aren’t as effective as they used
to be. Here’s just one example of the same story I’ve been hearing:
Author Melinda Clayton posted a detailed compilation of her promotion
results over a two-year period and, like her colleagues, found that they weren’t
as useful. She concluded that it’s not a good idea to promote a book more than
two or three times on a single site. She also doesn’t believe that the glut of
books is the sole reason for diminishing returns, but also attrition.
Apparently, a number of these sites are merging or being purchased by
publishers like Random House to showcase their own authors.
It’s interesting that, again generally speaking, the most profitable book
promotion site for authors, BookBub, is also the most difficult to be accepted
into. It’s also hugely expensive to join that elite club. I took a look at
their price page and nearly gagged. If I wanted to list one of my cozy
mysteries for free, I would have to pay $460. If I wanted to sell it at below
$1.00, the fee would jump to $920, and if I wanted to sell my book between $1.00
and $2.00, I’d have to pay $1,600! They say that the average discounted sales
on this type of book is 3,620. In other words, if I put my book out there at $1.99
and sold 3,000 copies, I’d make $5,970. Hmm, but is that really true? Numerous authors have reported that
BookBub isn’t as effective as it used to be, although it appears to be still
profitable. If you’re thinking of investing that kind of cash, it’s a good
idea to carry out your own research specific to your genre.
You can see, though, why that some authors are starting to feel that book
promotion sites are the newest parasites in the long list of services designed
to take your money without giving back a whole lot in return. And these authors
have a point. Some of the sites merely take your money and list your book. Are
they actively promoting their lists through social media? Are they targeting specific genres to fans of that genre? Are they living up to the claims that they make?
At this point, I’ve only experimented with three smaller sites for my
novella, Dead Man Floating. As it turns out, not all book promotion sites accept novellas, which is another challenge. Whether I sold anything or not will become clear in
the royalty statement from my publisher next month. At this point, I’m not even
sure which sites I should pursue, if any, given the increasingly challenging
odds. If anyone has insightful information to share, I’d love to hear your
experiences.
2 comments:
I love The Masquerade Crew. They're affordable and they tweet like crazy, with crazy numbers of retweets. I haven't seen increases in sales from them, but they make me feel warm and fuzzy. :)
I sure wish I knew the secret to getting reviews/attention/sales!
Good to know, Marian. Thanks for sharing!
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