I’ve set myself a number of goals so I get a sense of achievement in this writerly game. Things like:
Receive royalty from Amazon (achieved last month!)
Break-even on the cost of producing my books
Get my Amazon marketing campaigns into positive ACOS (ie earn more than I spend 🙂 )
Win an award for one of my books
Well, one of my goals was to sell over 500 books…and sometime since releasing Golden City I finally achieved that goal! That’s across all 3 books, in all formats (paperback or e-book) and all sales platforms.
Unfortunately I am a long way off achieving any of my profitability goals. So that is my focus this year: make more money than I spend (easier said than done when I make less than a dollar per e-book sale…)
After advertising on Amazon since April 2019 (16 months ago) I have FINALLY received my first royalty payment!
The top chart is book sales. The only sales I made prior to starting to advertise on Amazon were when I launched my first 2 e-books on Amazon: June 2018 for Medar and April 2019 for Tyrelia. Each sale represents around $2 royalty.
The bottom chart is Kindle page reads. I only realised that my books weren’t signed up to Kindle unlimited in Feb 2020. This has turned out to make more money per book than e-book sales. I might make $7 off a book, when it only costs $4 to purchase.
Anyhow, when I started to sell books, I read the Amazon royalty conditions, and saw that I had to wait 60 days after the sale to get the royalties. But even after the 60 days, no royalty. Then I discovered that I had to earn US$100 royalties, before they would pay out anything (for a wireless transfer – if I had an account in the US they’d pay out straight away). I had made sales on Amazon platforms in the US, Australia and the UK. I added up that I’d made $100 across all the platforms and eagerly waited 60 days after that to get my royalties. No payment. THEN I found out that, oh no, I had to make the $100 on a single platform!
So, finally, after launching Golden City, I made the $100 threshold on the US platform. Hurrah! But given that I’ve only got $3 on the UK and $17 on the Australian platforms, looks like it might be a while before those land in my account 🙂
Book 1 Medar – published August 2017. Click here to purchase.
Book 2 Tyrelia – published March 2019. Click here to purchase.
Book 3 Golden City – published November 2020. Click here to purchase.
Eden Harris (@edenharrisdesign) has been working away on this one for quite a while now. But it became urgent to finalise it when I ran out of stock of my first print run and needed to do a second (whoop!). I’m really pleased with it, and think that it matches Golden City really well.
Here’s how it works. I need as many pre-orders as possible, so that when my book ‘goes live’, all those pre-orders count as a sale on a single day. The more sales I get on a single day, the higher my amazon ranking. I might even get to Number 1 – which means that I get a ‘badge’ and Amazon’s algorithms are more likely to promote my book.
So your small investment of $2 could really help boost my sales long-term. Thanks in advance!