For most of you who already know my self-publishing situation, you already know just about how much I’ve made this week from my debut novel, Remedy for Memory.
For those of you who do not, here’s the lowdown:
I have around 600 subscribers on YouTube and 50 followers on my blog. People are still buying my eBooks and paperbacks, but for the first week since it’s been out, I’ve sold 8 eBooks and 7 paperbacks. All together, I’ve made about $50.
So of course it’s natural to think ahead to my future career as an author. I plan to have over a thousand subscribers by the end of the year after I partner with NaNoWriMo next month part-time. If I release a new book within the next year, and I have double the amount of followers, looking at my current results, in the first week of publishing, I’ll make over $100 on my second book. WOO!
THIS IS GREAT! Because I want to try something called KindleScout. If you think you’d be making more than $1000 from your book in the first week, I wouldn’t consider it. However, I’m still small, AND I’m driven by my fans. SO I want to discuss what I’m doing for my next book.
KindleScout is “reader powered publishing!” Without fans, it’d be almost impossible to use. Online readers preview the first 30 pages or so, nominate, or upvote, their three favorites, and at the end of a 30 day trial, the winners get traditionally published through Kindle Press.
Here’s the bonus – if you get all your fans to vote for you and you win, they all get free eBook copies of your book and you get a $1500 advance. You get your 70% royalties on paperbacks, but there is a catch: you get 50% of eBook royalties from sales thereafter, unlike the regular 70%. It’s still better than normal traditional routes! If you decided that you can make more money from it without the publisher after 5 years, you can drop out of Kindle Press. I assume I’d be really big by that point, so I might do that.
From other books published through Kindle Press, I see they authors already had a large following, and they had very successful results after KindleScout. I wouldn’t miss an opportunity to repay my die-hard fans with a free eBook and also make more money than what I would have! Sadly, if your fans want a paperback, your followers would still have to buy it, but I think they still would’ve in the end – they’re just getting a free eBook on top of it! And you know how loving I am toward Kindle Matchbook.
Thanks for reading!
Where you can find my books: http://www.amazon.com/Brista-Drake/e/B00YZGC792/ref=ntt_dp_epwbk_0
Youtube Channel: http://www.youtube.com/user/writingmime
Other Blog: http://writingmime.blogspot.com/