Another Traditional VS Self-Publishing Blog

There’s a blog I recently read of an author’s (I’ll link it right here). Back in 2009, this author tracked his eBooks, both self-published and traditionally published, on Kindle. He compared his pricings over a six month period and here’s what his statistics showed.

Traditional Published

Sell eBook at $4, sell 550 copies, get $340

Sell eBook at $6, sell 200 copies, get $600

Sell eBook at $8, sell 150-180 copies, get $340-380

The author was paid per eBook from his publisher, who was paid by Amazon. Amazon made a profit, so his publisher got a fraction, and the author got a fraction of that fraction, ranging from 3 cents to $3 per book. No real promise there.

Self-Published

The author sold his eBooks at $2 and got anywhere from $630 to $3600 for each book. That beats every category of traditional publishing. It’s because Amazon promised 35% royalty for self-published eBooks. He states that he would’ve made $15,000 more if he had his other books under his self-published name during that six-month period. That’s incredible.

But I wanted to revamp this blog for it’s almost a decade old, and I’d like to point out an even better advantage to using Kindle Self-Publishing. They now offer 70% royalties with some drawbacks; you have to restrain from selling your eBook over $9.99 (if you sell under the usual 35% royalty, this doesn’t apply; you can go up to $200) and no less than $1.99 (if you sell under the 35% you can sell it under that). Also, if you want to sell your hardcover copy, it must be 20% greater than the price of the eBook, at least.

If this author had 70% royalty back in 2009 (through traditional publishing, we knew the sweet spot was $6 per eBook for him anyway) he could’ve sold each of his eBooks at $6, sold his hardbacks for $7.50, and would’ve been losing a lot more than $15,000. Just saying.

What do you guys think? Thanks for reading! I have to get back to my little writing sprints now.

WritingMime

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

Instagram: https://www.instagram.com/writingmime/

Goodreads: https://www.goodreads.com/user/show/22704883-writingmime

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Kindle Worlds: A Way To Finally Pay FanFic Writers

I wanted to wait a bit before talking about Kindle Worlds. It was introduced to Amazon on May 22, 2013, and today’s date is September 22, 2014, meaning it’s been exactly four months. But I’m glad I did so to prove a point. Here’s my opinion on the matter.

ANOTHER FANFIC SITE

Or is it? I thought the idea of making a profitable fanfic site was outstanding, since this is the first one that pays their authors for writing. If you have ever come across a fan fiction on the internet, know they’re no profitable (until now) royalties involved. Fanfics are based off someone else’s story.

A 35% royalty rate is what Amazon Worlds is offing now, which I think is completely fair! I’ll stand beside that. Most complaints gear toward “not having enough worlds,” or “not having enough royalties.” Woh! Remember, Amazon Worlds has the highest paying royalties for fanfics, because everything else is free! Outside of Amazon Worlds, Amazon Self Publishing is still one of the highest, with 70% royalties! But this will be important down below.

So, you still aren’t with me on the 35% royalties? Let’s say you publish your fan fiction using new names and settings so it looks different and can be sold as an original piece. Guess what? 70% is coming your way, but where’s the audience? Hope you have one. And for those of you who are using the site to get big, is that really the best decision? Fan fiction? WE WILL KNOW, STOP USING THE SYSTEM!!

Within the last four months, I’ve seen the site grow; only having three or four fandoms at first, Amazon Worlds broadened into a nice twenty or so to date. They started with Vampire Diaries and are building to worlds like Kurt Vonnegut’s. You know what else I’ve seen grow? The size of readers! Yes! Four months later, we are seeing amazing results from readership (true fans, so expect hard criticism where fakers lurk).

Readers, that’s right, there are people writing the actual ending of your favorite fandom that you wanted all along. But wait. Your fandom is not up yet? Maybe if Amazon Worlds had more money …they could get contracts with Disney and J.K. Rowling. …Maybe that’s why the royalties are so low for fan writers! They need investments to get the readers and fanfic writers what they want!

It’s 40% less royalties than if one published under the regular Amazon publishing, but that’s probably because 1. One can’t take ALL the credit for someone else’s work! It’s someone else’s work! And 2. Some of that missing 40% has to go toward building the site to becoming a better fandom site.

I am all aboard for Amazon Worlds. I can’t wait to write my own fan fic (my first actually). I’m just waiting for the right fandom to come along.

Those of you authors that are writing stories just to broaden your audience without knowledge of the fandom, shame on you. It’s a good idea, because I totally see this site taking off in the next few months and traffic is going to gear toward stories that were on longer with more views, but still. Genuine fans only. Stop trying to be something you’re not. Lying’s bad. And we’ll know, trust me. The moment you slip up on your facts, we’ll know.

Thank’s for reading!

P.S. And before you ask, to make your work a world on Amazon, you already have to have a HUGE audience. Not the other way around. Cheers!

WritingMime

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

Instagram: https://www.instagram.com/writingmime/

Goodreads: https://www.goodreads.com/user/show/22704883-writingmime

Excited For Kindle Matchbook

Now that’s what I’m talking about! For those of you who haven’t heard, Amazon’s all new Kindle Matchbook allows readers to buy physical copies of their favorite books, and then get its Kindle edition for an additional $2.99, $1.99, $0.99, or FREE!

I know what you’re thinking – OH MY GOSH, MY SHELF AND KINDLE LIBRARIES ARE GOING TO MATCH! YES! OCTOBER 2013 CAN’T GET HERE ANY FASTER!

I almost fell out of my chair after hearing about this. Not only was I thinking – I won’t have to wait on shipping to read my books anymore, but also that I wouldn’t have to pay the ridiculous price for an eBook, which I can’t hold and pet and smell like a normal paperback! When this comes out, I’ll never buy another eBook at full price again if I can help it. COME ON, TWO FOR THE PRICE OF ONE! That’s a steal (if you didn’t think the two should be a package deal already)!

I understand that a lot of book lovers go to their local libraries for their free, reading indulgences…

But there’s just something about those sliding ladders in our fantasy dream lounge that keep us buying physical copies of books, to fill the shelves we’ll one day have.

library ladder photo: Second Floor Office garretson-home-library-ladder-large.jpg

Recently, readers have been struck with the problematic possibility that book stores will no longer exist in the near future, after eBooks make a full take-over. The experience of flipping through the pages of a book will be no more. EBooks have become more popular in the last couple of years because of their convenience and their resourcefulness. In other words, physical book lovers are stocking up while they can.

And it’s true, I often debate on buying the physical copy of a new release, when I know the instant copy is right there, at a click of a button. On the other hand, some eBooks can be more expensive than their physical counterpart, which is unrealistic! EBooks are nothing but a bunch of pixels that’ll disappear the minute the internet shuts down and everyone drops their eReaders off a bridge on accident. I always end up buying the physical copy… except that one time. There is still a demand for physical copies, which is another big reason eBooks are still in the running for dominance over book profits.

But, I mean, in all honesty… Why can’t we buy the physical version AND the pixels as a package deal?! THEY ARE THE SAME STORY!!!

That’s exactly what Amazon’s fixing by using Kindle Matchbook, or it’s a start in the right direction. Amazon’s giving us the choice to buy both for a much better price if that is what we desire, because it’s clear there is still a high demand for physical books, plus the demand for the instantaneous read that is eBooks.

This makes me so proud. Amazon’s listening to their valued customers. I just hope all authors try to outperform each other with their prices – eventually just hand over the pixels for free – or it might be another long while before Amazon decides to step up their listening skills. Amazon did their part, and now it’s your turn authors! Give away your eBook copies for free through the Kindle Matchbook promotion!

HIGH FIVE IF YOU AGREE!

I was going to post a new vlog today, but the video was taking forever to upload. Still, this was something I thought everyone should look into. It’s a good addition to my writer’s blog in my opinion, a little treat while you’re waiting. Let’s say that.

Don’t forget to check out my YouTube channel: http://www.youtube.com/user/writingmime

Blog Update: It’s OUT! Go check out Kindle Matchbook and see if it’s worth your time and $$$! I personally love the feature, though it’s kind of hard to find on the Amazon site, and there’s still not a HUGE quantity to choose from. Hopefully books will continue to be added to their list.

I’ll see you guys soon! Keep writing!

WritingMime

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

Instagram: https://www.instagram.com/writingmime/

Goodreads: https://www.goodreads.com/user/show/22704883-writingmime