I have approximately 48 hours left in Facebook jail to go. As the hours and days of my six day sentence have ticked by I’ve spent much of that time writing in my blogs, reading about marketing tips and tricks, crafting tweets on Twitter, and obsessively (oh yes, OBSESSIVELY) checking my stats on Kindle Unlimited.
I have to say that, for me, Kindle Unlimited appears to be the way to go. To be able to offer your book for sale through KU, you have to check that box for KDP Select and agree to not market your book elsewhere.*
*Don’t try to be sneaky and get around it, they WILL find out and then ban you from selling on Amazon.
Every morning (and sometimes multiple times during the day) I have been checking the reports section. It looks like this:
The top graph is actual ebooks delivered. See the blue lines? Those indicate free books. I gave away over 1,400 in five days, so that massive number dominates and you can’t actually see the ebooks sold in the days since. I only sold four, but that has netted me $7.87 in royalties.
Let’s talk about that little number for a moment. I am charging $2.99 for the ebook and getting a 70% royalty for it from Amazon due to exclusivity. If I published through a traditional publisher, the most I would get on any paperback sale would be around 90 cents to one dollar. Instead, I’m getting twice that.
The second graph is Kindle Unlimited page reads. Readers sign up and pay $9.99 per month to be able to read “all you can eat” of the thousands of books in the KU section. Amazon pays authors $.00488 per page read, so my Gliese book is approximately 310 pages long or $1.51 once it is read cover to cover.
Write a shitty book that no one finishes? You will make little or no money. I say little or no because I believe that the reader has to make it to at least the 25th page before Amazon will begin crediting the pages read so far. So if you write an unbelievably shitty book and 90% of folks make it to page ten and quit, you get ZERO for those folks and only get paid for that last ten percent. And did those folks like it? Will they write a nice review? Or even finish it?
In any case, you get my point.
And being that I’m obsessive, especially about money and where it is going and how much is coming in, I created this little chart in Excel that I can update daily…
You will notice that folks started reading the book through the KU program on Day 2 of my free giveaway for Gliese 581: The Departure. I ran the free book giveaway from 11/1 through 11/5. On 11/6 through 11/9 I was promoting both Gliese and War’s End: The Storm. On the 10th, early in the morning, is when I managed to land myself in Facebook jail by posting 70 links to War’s End: The Storm in a rather quick manner (just under an hour).
So, $2.03 in page reads. Income grown organically by writing a book that someone found compelling enough to read the sequel to immediately after finishing the first.
All in all, my tiny little simple goal of making $1 per day for this month looks like it will be exceeded if things keep going the way they are. I have two more days left to serve before I can return to marketing my books through the promo groups on Facebook.
Two more days to craft at least four different book blurbs for each of my books. Two more days to Tweet away and plan my next promo days. And possibly, if I can fit it in, actually write during that time as well.
As I reach the halfway point in the month, my goals for November are:
- Reach and exceed an average income of $1 per day on my writing
- Build my Twitter, Facebook page, author website and newsletter audience
- Market daily
- Write daily
What are yours?!