Hey writers and authors, welcome back to my blog series that is breaking down Written Word Media’s survey from October of 2019. In it they surveyed three groups of authors: Emerging authors who earn less than 60k a year from their writing and who have six books in their backlist, 60kers who have 22 books in their backlist, and 100kers who have 28+ books in their backlist.
Enrolling your book(s) in KDP Select will always be a tough decision. Have access to all the readers with a KU subscription (in a different article, WWM estimates that to be around 2,488,000) or have access to readers who read on other devices like a Kobo reader, Nook, or an iPad (one would assume readers are reading on the iBooks app, but there is a Kindle app available for iOS devices).
When Written Word Media surveyed their authors, 91% of Emerging Authors said they make the most money from their books sold on Amazon while 93% of 60kers and 100kers say Amazon is their top retailer.
According to the chart, that income may or not be due to KU page reads–38% of 100kers are in Select, 33% of 100kers have a mix of books in KU and Wide, and 29% of 100kers have absolutely no books in Select.
What does this mean for you? If you’re an emerging author, it makes sense to focus on one platform. Even Joanna Penn who is a multiple-streams-of-income cheerleader admits that KU has its place, and the Penny Appleton books she co-writes with her mum are enrolled in the program. If anyone in the whole world can make wide work, it would be Joanna. So even the top indies can see the value of being exclusive.
I went wide for a little bit, but I became too sales-focused and I put a lot of pressure on myself to sell books. I didn’t like feeling like that, and after two months I went back to KU. It felt like a weight being lifted of my shoulders, and I started to enjoy writing again.
There is money to be made on other platforms, but it takes time to build an audience. You need to think about what your long-term plans are.
I like having page reads. Right now I’m trading being wide for earning a couple bucks every day in KU. This might not be a sound business decision–especially since my goal is being a 100ker author–but it makes me feel better to know a couple of people every day are reading my books versus the absolute nothing I was getting being wide.
The KDP royalties estimator says I’ll make about $12.00 from January 1-11, 2020 and while that’s barely anything I should be making with the amount of books I have out, I don’t advertise, I don’t have a newsletter, and $5.00 week is more than I was making wide.
There are cons being exclusive though:
- It makes marketing tricker. It’s hard to give your book away after already enrolling in Select. You can’t participate in some promotions on Bookfunnel and Story Origin, and it’s tough to give your book away on review sites and still stay in line with KDP’s terms of service. That also means if you have a book in KU and you’re asked if you want to put it in an anthology, you have to pull your book out of Select to participate. That might not be a big deal . . . but I have a short story in an anthology, and the author who put it together enrolled the collection into KU. She didn’t buy my rights from me, so the story is still “mine” but because my short story is in KU I can’t do anything else with it. Not unless she takes the anthology out of KU.
- You’re not in the library system. That was probably the most disappointing thing when I took my books out of wide. Draft2Digital also had to pull my book out of Overdrive. With the crap Macmillan is pulling with keeping new releases out of the library system for the first few months of a book’s release, having my ebooks in the library system was important to me. That’s not to say you can’t order author copies and donate them to your library.
- You might be missing out on other audiences. There are people who read on other devices other than a Kindle. Enrolling your book into Select will keep you from finding those readers.
But obviously, there are pros to being in KU as well:
- Easy to upload onto one platform. Only dealing with KDP is nice. But when I went wide, it didn’t take that long to set up accounts and upload my books. There’s just a lot of copying and pasting. Setting prices in other countries is time-consuming because on other platforms you set the price yourself–KDP does this for you.
- You can get page reads almost right away.
- KDP gives you Kindle Countdown deals and free days to use as marketing tools. These can help boost sales. I don’t use them nearly enough and I need to make them a part of my marketing strategies moving forward.
Enrolling doesn’t have to be forever. You can always pull your books out. Just remember going back and forth between wide and Select won’t help you find readers and will only make the other platforms mad at you. D2D and Kobo are run by real people, and you’ll look like a waffling idiot if you try to go back and forth too many times. I fully admit that the two moths I was wide wasn’t enough. But I tried going wide when I wasn’t ready. When my backlist is bigger I may do what a lot of indies do–have a mix. But for now my main goal is building a readership in KU.
Personally, I don’t think Amazon is going anywhere, and some of the bigger traditionally published authors think that, too. Dean Koontz and Sylvia Day are just two of a list that is getting longer of authors who like the direction Amazon is going and the money that can be made there.
I wish the Amazon imprints were available to query without an agent. For the disdain Amazon seems to have for the traditional publishing industry, I’m surprised they won’t deal with an author directly. I wouldn’t turn down a book deal with Montlake, that’s for sure.
Anyway, being exclusive or going wide is a choice you need to make for your business and as the survey suggests, there is no wrong way to publish. Building a readership takes work, no matter where you publish.
Consistency is key. Stick with with the path you choose, find an ad platform that works and write a lot of books. It’s easier said than done! Good luck!
The in the last point they touch on, we’ll talk about pricing to market. I hope you stop in. Thanks for reading!