Can Indie Authors Compete with £5 Books? My Thoughts on Sales, Royalties & the Road Ahead
Looking back at my original post, I was shocked at the tiny royalties coming back from international sales. Since then, I’ve made some changes to how I value my work. My Hardcover books (available online) are now priced at £14.99, which ensures I make just that little bit more on each sale to cover the rising costs of production.
However, I’ve also realised that being "local" is just as important as being "premium." While the hardcovers are great for collectors, I have focused on stocking the Paperback editions in Unity (Queensgate, Peterborough).
By stocking paperbacks locally, I can keep the price point accessible for people popping into the city centre, while still supporting a fantastic not-for-profit shop. It’s a balancing act; you want to be competitive with the "big names" in the bargain bins, but you also have to recognise the value of the months of research and writing that go into a Newman adventure.
I was sitting here staring at my keyboard, wondering what I would write about this week. I often use this blog to get things off my chest – believe me, there are a lot of things that go around in my head every day, and most just get suppressed and locked away. This post comes out on a Friday, but I usually type things out through the week and schedule it to be published at the same time every week.
💸 A Tale of Two Books (and a £1.20 Royalty)
🛒 Competing with Cheap Paperbacks – Can We?
🏪 Should I Sell My Own Books Online?
Enjoyed the ride? 📖
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An Irish Mystery is a fast-paced historical adventure about stolen treasures, hidden histories, and the cost of obsession.
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👉 Available on Amazon: An Irish Mystery
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Hi. I totally identified with your experience and I think many others feel the same way. This path of self-publishing can be frustrating.
ReplyDeleteWhat happened to you with your colleague happened to me with friends and I can't deny that it hurt. I can't say that I had expectations that they would be my first readers because I thought that because they were friends it was something that would come naturally, but it didn't. I didn't stop at that.
I didn't dwell on that, just like I didn't dwell on the reviews, or the sales, or the profits. I simply relaxed and I'm letting everything go the way it has to go, giving my best to promote my book.
As for publishing another book, I have one ready too, but I realized that for some reason I was in a hurry and, again, I decided to relax and give time to my first book and to me. I decided to focus and leave for next year a new release because in this time I will learn better how all this works, no rush, no pressure.
Cheer up, this journey is just beginning and the important thing, for me, is to enjoy it.
Milena.
Hi Milena,
DeleteThank you for interacting; I really like to hear about other people's experiences. I have actually been very lucky, as a lot of my work colleagues bought my book and none of them baulked at the price. They have been really supportive. In fact, the lady in question is a good friend, and I know a lot of what she said was tongue-in-cheek.
I'm hoping that teachers will be doing most of their reading over the holidays, and that's when the reviews will come flooding in! 🤔
Regarding the series, I think the reason I've been looking at getting it all out there is because I'm in the middle of writing book four and a prequel to use as a reader magnet. I just want the whole series to be available. I also understand that "An Irish Mystery" has only been out for a month.