Another quarter gone by, another royalty cheque. $180 this time.
It’s a good thing I like my day job. I certainly won’t be handing my notice in with those figures!
Still, it’s $180 and every little dollar (or pound in my case) is welcome in these austere times. While it isn’t a revolutionary amount, I’d guess it’s reality for most self-published writers hanging out in the long tail (and even some legacy published ones as well). For every Locke or Hocking there’s going to be thousands like me and thousands more doing even worse. That’s the nature of these things.
This was the argument behind Ewan Morrison’s recent article for The Guardian as he bemoaned the imminent demise of the author as a professional occupation. It’s all a matter of perspective really. Writers lucky or talented enough to have already made it through the gates, but have failed to find popular appeal and are reliant on ever-dwindling advances, are understandably unhappy with how the publishing world has changed. They face uncertain futures and will probably need to find mundane day jobs to pay the bills, like everyone else.
Then you get folks like me, who now get the opportunity to put our work out there for people to read. I have written two collections of short stories, A Succubus for Christmas and A Succubus for Valentine’s Day. Both have sold nearly 150 copies each and made me around $750 over the last year. That’s not a lot, but it’s more than they’d have made sitting in a slush pile, or on a free website, or locked in a drawer. Something is more than nothing, especially if that something keeps ticking up every month.
As I said, matter of perspective.
(Please feel free to contribute to that ticking up each month ;) )
M.E. Hydra
Showing posts with label royalties. Show all posts
Showing posts with label royalties. Show all posts
Monday, September 19, 2011
Saturday, June 18, 2011
A Slightly Fluffier Dose of Reality
Back here I blogged about receiving my first quarterly royalty cheque. It was for the earth-shattering amount of $84.
Well, everyone’s got to start from somewhere and 84 bucks is still 84 bucks.
A couple of weeks ago I got my quarterly cheque for the first three months of 2011. That was for $575.
Hello. That’s starting to feel like proper money. Okay, it’s beans to most people making a full-time living from writing and atoms (or maybe even sub-atomic particles) to someone like Stephen King. I’m not full-time. I still have a day job. So I don’t have to sweat over whether human beings can actually survive off a diet of hay. It’s a nice bit of extra income to go towards a new TV, trip to see the folks back home, etcetera, etcetera.
The first quarter was when my second collection came out and that definitely bumped sales of both. More books gives more chances for readers to find you. Both have sold about a hundred copies, which is also encouraging. Readers are buying the first and liking it enough to buy the second. Definitely a good sign!
A lot of my sales are for Amazon Kindle, but it isn’t the only game in town with over half of my sales coming from a wide range of other sources such as Smashwords, Barnes & Noble and eXcessica. This will be reassuring for anyone worried about Amazon becoming (more) evil and maybe slamming down the portcullis on this little self-publishing revolution at some point in the future.
Since then my sales have been steadily picking up (on Amazon at least). I guess the message is don’t be too disconcerted if your numbers don’t explode overnight. Sometimes these things take time.
M.E. Hydra
Well, everyone’s got to start from somewhere and 84 bucks is still 84 bucks.
A couple of weeks ago I got my quarterly cheque for the first three months of 2011. That was for $575.
Hello. That’s starting to feel like proper money. Okay, it’s beans to most people making a full-time living from writing and atoms (or maybe even sub-atomic particles) to someone like Stephen King. I’m not full-time. I still have a day job. So I don’t have to sweat over whether human beings can actually survive off a diet of hay. It’s a nice bit of extra income to go towards a new TV, trip to see the folks back home, etcetera, etcetera.
The first quarter was when my second collection came out and that definitely bumped sales of both. More books gives more chances for readers to find you. Both have sold about a hundred copies, which is also encouraging. Readers are buying the first and liking it enough to buy the second. Definitely a good sign!
A lot of my sales are for Amazon Kindle, but it isn’t the only game in town with over half of my sales coming from a wide range of other sources such as Smashwords, Barnes & Noble and eXcessica. This will be reassuring for anyone worried about Amazon becoming (more) evil and maybe slamming down the portcullis on this little self-publishing revolution at some point in the future.
Since then my sales have been steadily picking up (on Amazon at least). I guess the message is don’t be too disconcerted if your numbers don’t explode overnight. Sometimes these things take time.
M.E. Hydra
Thursday, March 17, 2011
A Short, Sharp Dose of Reality
Last week I got my first real quarterly royalties cheque. At the princely sum of $84 I think the appropriate comment is “ouch!”
Oh well, we can’t all be Joe Konrath or Amanda Hocking.
If I take the perspective of wanting to be a full-time writer, it's fairly terrible. There's no way I'd ever be able to live off that.
Thankfully, I don't have to take to take that perspective. I'm fortunate enough to already have a full-time job, one I enjoy and is relatively well paid. I can take the other perspective. I'm doing something I like (writing stories) and receiving money for it.
$84 is still $84. That's the second half of the kindle I already bought with money from a Literotica contest plus some books to load it up with. It's more than I ever picked up trying to slog through the old fashioned route of submitting to horror/sci fi magazines and certainly $84 more than the manuscript would have got languishing forgotten on a slush pile somewhere.
It's not all. My first book is still out there, still picking up the same trickle of sales. That means in another three months I'm going to get another $84 or so. Actually, there's two months of the second book's sales on top of that, so it's probably going to be more than eighty bucks. And then later in the year I have a third book coming out. It's easy to see how it can start to mount up. I can't live off it, but on top of my regular salary it's a nice extra to put towards a vacation, or a new TV.
One of the points I've seen raised is the current explosion of self publishing and 'race to the bottom' in terms of pricing will kill writing as a viable profession for all but the already wealthy. I don't really see this. A lot of authors had to start off juggling other jobs with their writing until they made enough to leave the day job behind. An advance can help with this sure, but it can backfire horribly if the first book tanks and they aren't picked up for a second. This is even assuming they make it through the gatekeepers. The vast majority don't and won't ever see a single dime for the manuscript they spent a year or two lovingly putting together.
With self publishing a writer can start to see a return as soon as the book is finished and use this to tailor their life accordingly. I go into work every morning and I write on my spare time. I won't need to think about changing this unless my income from book sales starts to outweigh my regular salary, or my spare time suddenly becomes a lot less spare. And of course, even being comparatively unsuccessful in the meantime still generates a bit of extra cash for a few luxuries.
I enjoy writing and it makes me a bit of extra money. Can't really complain about that.
And I even got my post in on the 17th this time.
M.E. Hydra
Oh well, we can’t all be Joe Konrath or Amanda Hocking.
If I take the perspective of wanting to be a full-time writer, it's fairly terrible. There's no way I'd ever be able to live off that.
Thankfully, I don't have to take to take that perspective. I'm fortunate enough to already have a full-time job, one I enjoy and is relatively well paid. I can take the other perspective. I'm doing something I like (writing stories) and receiving money for it.
$84 is still $84. That's the second half of the kindle I already bought with money from a Literotica contest plus some books to load it up with. It's more than I ever picked up trying to slog through the old fashioned route of submitting to horror/sci fi magazines and certainly $84 more than the manuscript would have got languishing forgotten on a slush pile somewhere.
It's not all. My first book is still out there, still picking up the same trickle of sales. That means in another three months I'm going to get another $84 or so. Actually, there's two months of the second book's sales on top of that, so it's probably going to be more than eighty bucks. And then later in the year I have a third book coming out. It's easy to see how it can start to mount up. I can't live off it, but on top of my regular salary it's a nice extra to put towards a vacation, or a new TV.
One of the points I've seen raised is the current explosion of self publishing and 'race to the bottom' in terms of pricing will kill writing as a viable profession for all but the already wealthy. I don't really see this. A lot of authors had to start off juggling other jobs with their writing until they made enough to leave the day job behind. An advance can help with this sure, but it can backfire horribly if the first book tanks and they aren't picked up for a second. This is even assuming they make it through the gatekeepers. The vast majority don't and won't ever see a single dime for the manuscript they spent a year or two lovingly putting together.
With self publishing a writer can start to see a return as soon as the book is finished and use this to tailor their life accordingly. I go into work every morning and I write on my spare time. I won't need to think about changing this unless my income from book sales starts to outweigh my regular salary, or my spare time suddenly becomes a lot less spare. And of course, even being comparatively unsuccessful in the meantime still generates a bit of extra cash for a few luxuries.
I enjoy writing and it makes me a bit of extra money. Can't really complain about that.
And I even got my post in on the 17th this time.
M.E. Hydra
Wednesday, October 6, 2010
What Amazon Kindle is Doing Wrong
I had a conversation today that got me thinking about what Amazon Kindle might be doing wrong.
I think we can all agree that they have done a lot right, in terms of selling ebooks - as their 70-80% of the market share proves. The Kindle is a fantastic e-reader, and as a dedicated device, I wouldn't recommend anything else. They make buying books ridiculously easy with 1-click (i.e. 1-crack). They make publishing books easy, too, for the big six, indie publishers, and self-pubbed authors alike.
Aside from eliminating the agency pricing model, which is a given - for me, there are two things that come to mind that would make the experience at Amazon a better one for readers and authors alike.
First would be allowing self-published authors to offer books for free. I understand that there's bandwidth and delivery issues involved as a cost, but they offer it to the Big Six publishers (and others as well - you'll notice Samhain Publishing offers free titles, and they're an indie) why not to self-pubbed authors? Even if we had to pay a fee for doing so, I think we'd all agree the boost in exposure would be worth it.
The second thing would be to give away a free ebook to everyone who buys a print version. As a reader, I know there are certain books I will always buy in print, as long as print exists, because I'm a fan and collect them. Stephen King books, for example, in my case. But I also want to read that book when I'm sitting at my son's wrestling practice or waiting at my daughter's orthodontist appointment, and I don't want to have to carry a huge hardcover with me. (Have you ever lifted one of the tomes SK has written? They're like doorstops!) I want it in ebook form, too. But if I want it...I have to pay for it. Again. And of course, because of the agency model, I may have to pay just as much (or more!) for the ebook version as I do for the hardcover! That just makes me mad.
I think Amazon Kindle is in a unique position to offer this option. Excessica publishes all our print books through Amazon's CreateSpace, and it would be easy, I would think, to link the systems together and give the reader an ebook version when they buy a print version. And it would also marry the idea of print-and-e together. It would send the message that they're not mutually exclusive, and Amazon isn't trying to "kill print books" with ebooks. (Even if they are... shhh!)
I also think they're setting the bar too low setting the price point at $2.99 for a full-length book, but that's something I've talked about before - and I'm gathering data together to see if my theory that pricing full-length books at $3.99 and $4.99 and even $5.99 doesn't hurt (and may even help) sales. That's something that Amazon doesn't really control, aside from the royalty option they've set up. It's the thrifty Kindle readers who seem to think that, after paying $200 for an e-reading device, content should be "nearly free."
I think Amazon Kindle has done a lot for ebooks - but I also think they need to pay attention to the trends and possibilities. The good news is, I think they are, and they will. I wouldn't be surprised if we saw them offering the "free" option to self-pubbed authors and a complimentary copy of ebooks with a print sale as well. After all, they're now offering their popular 70% royalty rate on books sold in the UK.
The good thing about Amazon is they pay attention and listen to authors. Which is more than can be said, it seems, for big publishing.
Selena Kitt
www.selenakitt.com
I think we can all agree that they have done a lot right, in terms of selling ebooks - as their 70-80% of the market share proves. The Kindle is a fantastic e-reader, and as a dedicated device, I wouldn't recommend anything else. They make buying books ridiculously easy with 1-click (i.e. 1-crack). They make publishing books easy, too, for the big six, indie publishers, and self-pubbed authors alike.
Aside from eliminating the agency pricing model, which is a given - for me, there are two things that come to mind that would make the experience at Amazon a better one for readers and authors alike.
First would be allowing self-published authors to offer books for free. I understand that there's bandwidth and delivery issues involved as a cost, but they offer it to the Big Six publishers (and others as well - you'll notice Samhain Publishing offers free titles, and they're an indie) why not to self-pubbed authors? Even if we had to pay a fee for doing so, I think we'd all agree the boost in exposure would be worth it.
The second thing would be to give away a free ebook to everyone who buys a print version. As a reader, I know there are certain books I will always buy in print, as long as print exists, because I'm a fan and collect them. Stephen King books, for example, in my case. But I also want to read that book when I'm sitting at my son's wrestling practice or waiting at my daughter's orthodontist appointment, and I don't want to have to carry a huge hardcover with me. (Have you ever lifted one of the tomes SK has written? They're like doorstops!) I want it in ebook form, too. But if I want it...I have to pay for it. Again. And of course, because of the agency model, I may have to pay just as much (or more!) for the ebook version as I do for the hardcover! That just makes me mad.
I think Amazon Kindle is in a unique position to offer this option. Excessica publishes all our print books through Amazon's CreateSpace, and it would be easy, I would think, to link the systems together and give the reader an ebook version when they buy a print version. And it would also marry the idea of print-and-e together. It would send the message that they're not mutually exclusive, and Amazon isn't trying to "kill print books" with ebooks. (Even if they are... shhh!)
I also think they're setting the bar too low setting the price point at $2.99 for a full-length book, but that's something I've talked about before - and I'm gathering data together to see if my theory that pricing full-length books at $3.99 and $4.99 and even $5.99 doesn't hurt (and may even help) sales. That's something that Amazon doesn't really control, aside from the royalty option they've set up. It's the thrifty Kindle readers who seem to think that, after paying $200 for an e-reading device, content should be "nearly free."
I think Amazon Kindle has done a lot for ebooks - but I also think they need to pay attention to the trends and possibilities. The good news is, I think they are, and they will. I wouldn't be surprised if we saw them offering the "free" option to self-pubbed authors and a complimentary copy of ebooks with a print sale as well. After all, they're now offering their popular 70% royalty rate on books sold in the UK.
The good thing about Amazon is they pay attention and listen to authors. Which is more than can be said, it seems, for big publishing.
Selena Kitt
www.selenakitt.com
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