number-crunching -- Jules

Just putting my December royalty figures into the spread sheet -- the statement arrived just before Christmas but this is the first chance I've had to do more than glance at it. Time to throw out a few numbers that might be of interest.

My best-selling book is still Dolphin Dreams, which has now reached 2151 copies sold since it went on sale. Yes, very much small press numbers, but not bad going for a small press book. For the curious, around a thousand of those came from direct sales from the publisher's website before it went made available through the distributors, and about 3/4 of the total number since release is from direct sales. For distributor sales, Fictionwise has around double the numbers going through All Romance eBooks.

Second best is the first Lord and Master book, which has sold 1829 copies. Again, around 3/4 through the publisher website, but this time three times as many from Fictionwise as from ARe.

That's the general pattern on my books -- major share is through Loose Id, with the largest chunk of distributor sales coming through Fictionwise, but a significant fraction of distributor sales through ARe, and a tiny trickle through others. (My ebook titles aren't on Amazon, so I have nothing to report one way or the other there.) That's one author, through one publisher; other authors report different experiences.

The second Lord and Master book has now sold 1020 copies, almost as many as the first book had after the same number of months on release. That's pretty pleasing for a sequel, as it suggests that a lot of people liked the first one.

Promises To Keep is the oldest of my titles which are still in print at Loose Id, having been released for Halloween 2004. Yes, more than five years ago, not long after Loose Id opened. It still sells half a dozen copies a month -- not a great deal of money, but rather gratifying nevertheless that people are still interested in buying an old backlist title.

A couple of points to note here: a) my books typically sell 500-1500 copies in the initial 2 year contract, b) that's a two year contract taking only the rights the publisher has a reasonable chance of using, not a life-of-copyright contract grabbing all rights, c) I get a detailed monthly royalty statement, on time, that breaks down exactly which titles sold through which venues, and how much money I got for each venue and title. Now, obviously I'd like to be in mass market paperback and looking at numbers with another zero or two on the end -- but even in the small press market, there are good and bad publishers. Anyone with a zero fewer on the end of their sales numbers should be asking themselves if there are better options. Ditto if your publisher claims that it's too difficult to provide detailed royalty statements so that you know what they owe you. As for life-of-copyright, that's not automatically bad, but they had better be offering something worthwhile in return.

But... even someone who can sell ebooks consistently at that level can have the occasional "sink without trace" title. I've got one that barely scraped past 200 after two years. I have an idea as to why, but no hard evidence. There are no guarantees in this game, just ways to improve the odds in your favour.

Back to work on the accounts. One of the joys of wandering from country to country is that one ends up having to file tax returns in more than one of them, and they have different rules. Blech...

{Note: all numbers in this assume me not cocking up entering the data into 1-2-3...)

[Mirrored from my personal blog.]

Unsolicited advice: Number crunching -- Jules

I've just finished putting this month's royalty statement numbers into my spreadsheet. As predicted after last month's figures, another book has gone over 1500 copies sold. I've received almost exactly $4000 in royalties on that title since it was released in April last year. The bulk of the sales came from the publisher's own website, but the book was also released through Fictionwise and All Romance Ebooks some months after its initial release, and both sites have shifted some units.

This is why I have a day job.

On the other hand, that's rather more than the price of a round of beers. It's a lot less money than I'd get if I'd been steadily selling books to Tor over the last four years, but it's a lot more money than I'd get at some publishers. Even if you're writing in a genre that New York won't touch, do your homework before submitting to a publisher. Money isn't the only factor, of course, or I'd be putting more effort into writing something that I could sensibly submit to Tor (who I'm using as an example because I *would* like to submit something to them). But it's a really good idea to submit first to a publisher that has a sane contract and has a reasonable chance of both staying in business and making you more than beer money. There are no guarantees in this business, but there are elementary precautions you can take to reduce your risk of getting burned.

Scalzi talks about self-publishing, so I do as well -- Jules

Scalzi has a good post up about going with a publisher versus self-publishing. One of the things he addresses is the idea that self-publishing is good because you get to keep 100% of the money. As he explains in very clear fashion, this is simply not true. There are costs involved in putting out a professional product and getting it sold to the public at large, and if you're the publisher, you'll be paying them.

This is a conversation I get to have every so often. I'm epublished, and a lot of people think that epublishing must have very low costs because you don't have to pay to print, store and ship physical copies. Thus, the suggestion goes, I should self-publish and get 100% of the cover price instead of 35%.

Well, no. Because the cost of creating and handling the physical item is a relatively small fraction of the cost of bringing that book to market. Good cover art costs money. Good editing costs money. These and other things are necessary if you want people to look at the first book, and then to buy more books. Running a commercial website costs money as well.

And then there's something that you can't measure in cold hard cash, but that is vitally important -- reputation. My publisher has a good reputation in its own little niche. Readers know that they can try a new author, and have a decent chance of getting a book they'll enjoy. A book that has had someone other than the author's friends look at it and say, "Yes, this is competently written," and then work on it with the author to make it even better. That's why I can put out my next book through them and reasonably expect it to sell a thousand or so copies over the course of the initial two year contract, without having to spend large amounts of my own time and money trying to get people to look at the book.

A thousand copies doesn't sound much by the standards of the mass market paperback market, but it is still well above the average sales for a self-published book (around 75-150 copies for print books from the major POD vanity presses, by their own publicly stated figures on titles and total copies). Maybe I could do better than average, especially as I have an established fanbase now. But really, I'd rather take my 35% on 1000 copies and let my publisher do the hard work of publishing it. I've *done* my stint at being a publisher, back in my zine days, and while I got a lot of enjoyment out of it I'd rather spend my time writing. If I feel the urge to scratch that itch again, it'll be on a project that doesn't fit the commercial needs of my publisher.

[I wrote this and posted it to my personal blog on LiveJournal a month back. Alas, when I tried to post it here, I discovered that Blogger had gone from making me try several times before deigning to upload my posts, to refusing to talk to me at all. Hence lateness. Sorry.]

Scalzi's financial advice for writers -- Jules

Scalzi offers Unasked-For Advice to New Writers About Money. It may be entertainingly worded, but it's truth. Read and assimilate.