Showing posts with label selfpublishing. Show all posts
Showing posts with label selfpublishing. Show all posts

Sunday, July 17, 2016

Here We Go Again... (Tales of a De-Published Author Part 3)



For those of you following the saga of my de-publishing, it is finally over (I hope).

To recap: in April my publisher, Booktrope, announced it was going out of business and on June 1, 2016 my book Mr. 8 was pulled from all retail outlets. I was faced with many choices. It became clear to me that the best thing for me to do was accept the fact that it would no longer be available and take some (considerable) time rewriting to produce a better (my writing has improved since it was first put out) and unique version of the story. Since sales had stagnated prior to Booktrope's decision, a new version along with a well planned re-launch might create increased interest. But there was one major problem with that option: time. There are other projects I was hoping to move forward with before the end of the year, projects that would have been postponed if I went forward with a full on rewrite. Setting these projects aside to go back and work on a "finished" book was all a bit heartbreaking.

So I compromised. I've re-launched the same book that Booktrope had published. I did give it another proof read to tidy up a few typos my proofreader missed, but otherwise it is the exact same book. The pros of doing this was that it only ate up a month of my spare time, it keeps a presence in the retail world, it allows the few readers who want a copy the ability to get one, and it leaves open the possibility of doing a major rewrite and re-launch at a later date.

Doing it indie style

I started out greatly ahead of most self-publishers. I had a fully edited manuscript, which had been formatted for print and ebook publication. I had a professionally designed cover. And the book had already been registered with the Library of Congress. What I didn't have was an ISBN or the rights to the photography used in the cover. These were owned by Booktrope and weren't transferable. Also, I had no means of distributing the book.

In my research, I learned that an ISBN is not very important these days if one is planning to sell exclusively online, although it does limit your sales channels. Luckily, being a Canadian resident (this will come back to haunt me, see below) meant getting an ISBN was both easy and free. Unlike in the US, where ISBN numbers are controlled by a private company, the government controls them in Canada. I filled out an online form, waited two weeks to have an account set up, and now I can generate ISBN numbers for my self-publishing whenever I want.

The photo art wasn't much of a problem either. It was obtained through ShutterStock so I just needed to setup an account with them and purchase the most basic package, which included the rights to two photos. The package normally cost $30 but as a new member I got the discounted price of $23.

The big decision and hassle was distribution. This is a complicated web. I read several articles talking about ways to maximize profit. This involves setting up accounts with multiple retailers and print on-demand companies and reading all the fine print to make sure your book is being sold at each location with the lowest fees and percentages being taken off. However, this works alright in the US, but as a non-US resident (see, it came back to haunt me) this strategy opens up a myriad of problems.

Take CreateSpace, one of the most common print-on-demand companies you're likely to use. It's owned by Amazon so it grants you the best opportunity for profit with that mega-retailer. But their payment plan for non-US residents is beyond disadvantageous. You can only set up direct deposit with them if you have a US or EU bank account, everyone else gets paid by check (or cheque, if they're sending it to Canada). But they will only cut those checks once you've reached one-hundred units of whichever currency the sales are in. Sell a book in the UK, then you'll have to wait until you've earned 100‎£ before you get paid. Sell in Japan, wait to earn 100‎¥ and so on. Then they'll send you a check in that currency, which will me paying foreign currency fees when you try and cash it. And if you never earn a full one-hundred units of a currency, guess who pockets the money.

There's probably a way around this and I'm sure more industrious and business savvy people have worked their way through it so it is not so onerous, but I'm not expecting to get rich off sales and I wanted things to be simple. So I decided to distribute solely through Ingram Spark.


Distribution Lite

Ingram Spark is the junior arm of the huge book distributor Ingram designed for very small and self-publishers. The pros of going solely with them were: it was one stop shop, they have a expansive global distribution, they offer the option of receiving payment through PayPal, and unlike Amazon and CreateSpace (and many of the others) they don't treat earning like royalties so they do not withhold US income tax at source.

But there were a few cons as well. There's a fee of $49 per book, which is minor but more than the free services like CreateSpace and Lulu. There is also a huge learning curve for getting a book's setup files in the format they accept, as well as for understanding the whole distribution price and discount system.

The bulk of the time I spent in republishing Mr. 8 was spent getting those files just so. It took a lot of trial and error partially because I had no experience using tools like inDesign and Photoshop. I was tempted at a few points to pay someone to do it for me, but I got it done in the end.

Ingram Sparks allows you to set the price for the physical book and ebook in every major market they distribute to. This took a little finagling with currency exchange to ensure I was earning a little profit in each of the areas but wasn't too bad. The choosing of discounts was another matter and something I made a misstep on. The recommended retailer discount is 55%. Most retailers will not stock books in their brick-and-mortar stores with any discount less than 55%. I selected this discount because, hey it was recommended after all. But until I actually started visiting stores and pitching my book to the manager, it was highly unlikely any store would ever choose to stock my title. So by offering such a large discount, I was essentially giving away a huge percentage of my profit to these internet retailers. Shortly after the launch I figured this out and updated it to offer them the minimum discount of 30% or 35% (depending on the region). Should in-store sales ever become an issue, I can change it back for that particular market.


And that's it

So now Mr. 8 is self-published. It no longer has a publisher behind it, but it is now available through many more retailers than it was under Booktrope, including the Canadian giant Indigo (having a foot in the local market feels good). One of my biggest concerns was the cost would far outstrip any potential revenue, but the whole business of self-publishing cost me a grand total of $72(US). I will still need to pay a percentage of future earning to my cover designer, editor, and proof reader as per the team contract we signed, but if I keep payout to once or twice a year through PayPal it shouldn't be a labor intensive endeavor.

And now that I've done it and have self-publishing experience, I have more confidence moving forward with one of those other projects I mentioned earlier. Hopefully, soon I'll be putting out a novella to join Mr. 8 on the electronic shelves.
















Saturday, May 7, 2016

Tales of a De-Published Author (Part 2)



It has been a week since the announcement about Booktrope closing their doors was sent out to their community of authors and publishing professionals. A lot more is known now than seven days ago. Information has been flowing out in a flood after the initial, worrying trickle. Booktrope has not issued a press release concerning their decision to terminate operations at the end of the month, and they have stated that they will not release one. They have given a very precise account of the state of affairs which led to the decision to their community, but I'll respect there wishes and keep it confidential. For a public statement they are pointing people to an article on Geekwire, even though they say it was written without “any input from Booktrope.”

On Twitter, the hashtag #BooktropeSuvivor has been gaining popularity as the members of the community reach out and share their feelings and experiences in this challenging time. I’m not alone in blogging about it. I have read several articles from authors and in one case editors affected by Booktrope’s decision. Reactions very widely. Some writers feel biter disappointed. Others sadness, one blogger compared Booktrope to Camelot—too good to last. In Ally Bishop's in depth blog, they talk about how they saw this coming and that the business model was never a viable one.

There is definitely a divide in the community, which has been exasperated by the stress of the situation. Some writers always saw Booktrope as a family. Some never did. Personally, when I signed on, they were growing rapidly and the dozen or so employees weren’t enough to offer personal service to the hundreds of writers in their stable.To me it was very much an online publishing service. Read the PDFs, follow the checklist, and only contact someone when there’s a problem you can't solve on your own.

But just because Booktrope was never a home for me, doesn’t mean I have anything less than complete sympathy for its employees and owners.This must be no doubt harder on them than those of us with books in the game.This is their vision and livelihood that’s ending.This is the business they put blood, sweat and, tears into that's closing. This is hard for me as one of their writers, I can't even imagine what they are feeling.

In the mass of bulletins and FAQs, Booktrope has been sending out, they are encouraging writers to self-publish or find a new publisher for their books. Since there is little that they can do to help authors find a new publisher, most of the information has been oriented toward flipping the books back onto the market.

There is certainly a strong incentive to do so since the author reclaims Booktrope's 30% of the profit and very little work is required. The major downside to it is that the author has to shoulder all of the self-publishing expenses. And they have to front this money on books, which are not receiving a launch buzz or are in anyway are expected to perform differently in sales than they are today. For books with steady sales, this makes a lot of sense. For others where the sales are flat, like mine, it is a harder choice to make.

To get the book back up may cost anywhere between fifty up to four hundred dollars or more. I haven't had time to do the research to know exactly what I'm looking at. If it's fifty bucks, then it's pretty easy to swallow. If it's, say, three hundred, that's three-hundred dollars that would likely take years to recoup, if it ever does.

In my earlier post, I made a big deal about continuing the profit sharing with my editors and designer, but upon further reflection, I have come to realize that would only be an issue if sales were outrageously good. And if they were, I would cheerfully cut the checks. So I no longer see that as a drawback. But there is still an attraction to doing a full rewrite and re-launching a brand new addition. At least that would put a better product on the market and perhaps hit the reset button on the whole thing.

As far as finding a new publisher goes, does anyone know of a publisher willing to put out a previously published book, which had lackluster sales? And a publisher that would actually be more beneficial to sign with than self-publishing? If you do, I would love to know who they are.

There are still twenty-four days until Mr. 8 is pulled from the shelves. The only decision I have to make in that time is do I want to try and self-publish it and have it up in early June, to minimize the time it's off the marker, or do I wait.

I'll keep you posted on that decision and on anything else I learn.





Monday, November 2, 2015

M.A.D Syndrome

-by guest blogger, author Isabella Redwood



M.A.D – Marketing. Argh. Dread.



When I began my self-publishing journey, marketing was one aspect that I gave little thought to. I was too busy preparing my novel, getting cover design sorted and having it edited. Once that was complete, I concentrated on formatting and proofreading until my eyes turned red. Marketing was the furthest thing from my mind and now I am paying for it.

After setting my book up on Amazon with KDP Select, my numbers were steady and the only marketing I had to do, if you can even call it that, was during promotional times. Amazon was sending me emails trying to sell me my book, and I assumed they were doing the same to others. I was doing better than I had hoped for from a sales point of view.

The problem started when I left KDP after my 90-day period had finished. I had been amazon exclusive and now what was I going to do?

I had no plan and no ideas.