It’s odd that I’m rarely asked such an obvious question, considering that I review non-fiction books before they see light. Or maybe they don’t ask because I will reply—and they are so eager to invest lots of time, money, and prestige into some idea, and my response will probably slow them down.
There are usually a dozen niggling things in a book that need to be corrected or cut, like poor organization, archaic or invented spelling, one-paragraph chapters, humor unfunny, a cramped style that defies the reader to comfortably puruse its pages, and even prose that starts one direction, curls back and away at every opportunity, and ends up somewhere else.
Actually, very few of the manuscripts I read suffer from those flaws so badly that the whole challenge should be abandoned forthwith. There’s usually some second draft redemption once the respective ills have been identified.
But there’s no real hope for a book that goes nowhere, that fails to enlighten or amuse or inspire—by intent. Even if a direction and purpose can later be found, all the structure must be rebuilt and the furnishings must be totally refit. Does that happen often? Not at my level, since I’m sort of the court of last resort and the books I see have been read by many others, and the non-starters died along the way.
But in the larger writing world, the countryside is dotted with almost-books that absorb months of time, are grammatically fine-tuned to nobody’s avail, and give the appearance of being fit for any editor’s blessing. Surprise!
To avoid doomdom, all the person has to do is answer a few starter questions. Like, what is the purpose of this book? What is unique about it; how is it exceptionally different? Why would a knowledgeable reader gladly give it an enthusiastic testimonial, or at least eagerly recommend its reading (maybe even its purchase) to his or her friends?
Determine the singular distinction, or many, of your new writing venture. The rest of the words and pages just make that happen. Replace doom with zoom. But don’t start writing or displaying your book’s structure until the answers to those questions are so clear that they must be shared in glorious print almost forever.
For some, this blog may be a downer. But for many more it’s really a straightforward, do-it-yourself guide to salvation
Best wishes,
Gordon Burgett
Is your book almost finished but it needs a final, last-step professional review by a no-nonsense editor with 40 books in print and 30+ years in publishing? That's what I mostly do, plus run a publishing company. Email, call, or check this link for details. Other things: my website, a free monthly newsletter, bio, and my latest book, How to Get Your Book Published Free in Minutes and Published Worldwide in Days. Also, daily tweets as GLeeBurgett and other social networking links at about.me.
The danger of broadcasting your book title too early is that others may write and publish it before you do!
“No way,” you say. “They’d have to do the research, get the interviews, write the draft, get it proofed, and have it printed in just a couple of months–or at least before I go to press.”
That’s the very issue. Unless you are weeks from the book’s release (or even a month or two so you can get some pre-print testimonials for the book and its cover), there are plenty of wordsmiths out there who can wrap almost any book up in a couple of weeks, particularly if you give them the words and details. In the interim, before they get a paperback out, they can publish the book digitally almost as fast as they can submit its copy and cover to Kindle, Nook, iPad, and other ancillary publishers. (Sorry, but I tell them precisely how in How to Get Your Book Published Free in Minutes and Marketed Worldwide in Days.) Even worse, they can just announce their coming book right now, using the very same title, subtitle, and benefits and promises you plan to use, to the very audience to whom you plan to sell.
Where did they get that title, subtitle, and your selling copy? You told them! None of that is legally protected, right now or even after your book appears. (You can’t copyright titles. Want to write The Holy Bible again, with a different cast? You can, though some may catch on.)
Incidentally, you also gave them your outline (the table of contents) and the artwork you have in mind, even some expert interview material. How can they find out what you think about the topic? Do you have much of the book already shared in blogs, a newsletter, articles, and related writings or books? All there to be directly quoted even though they never say a word to you. All that idea sharing is fair game to build on and quote from.
This is particularly the case in niche publishing, and doubly the case where you want to create an empire to build from where your new book is the core publication, or at least a key publication in your offerings.
It’s a delicate balance, when you tell what’s in prep and how much you reveal.
One way to get your research material without having to spill many of the beans is to write several different articles that you can later pull into the book. Some of these you may have queried about and thus you have a clear purpose and a printed destination to tell those you wish to quote. Others may be “future pieces” you are putting into query form.
The time you must expose the guts of the book is when you create a pretest for a segment of your niche or expected buyers. You need a flyer that likely includes the title, subtitle, contents, author bio, and many of the benefits (or reasons the person may buy that book). You are vulnerable here because you will probably wait to see the pretest responses (again, title, price, contents, and format) before you put the final book together. About the only thing you can do is not include the honchos in the field or the related association(s), other niche authors, and staff of the related publications in the pretest.
Let me give you an example. When we were creating the first standad operating procedures (SOPs) books for dentists, a few years ago, we took huge steps not to share the good tidings before we sent the first sales flyer to all of the dentists or specialists. We did conduct a pretest but it was small and to a Nth selection of the full dental mailing list. We wanted 99% of the dentists to first see the book in final, ready-to-buy and -use form so that if any other writers/publishers then popped up with a similar item, it was clearly a copy-cat version. It worked: for years nobody produced anything similar for dentists. And from that core topic we developed an empire, with related books, digital renditions, audio cassette programs, a video, and lots of consulting and convention speaking.
That’s it. The more explicit you are about a book in the hopper, the greater danger you subject your project to. Is the scenario painted above very likely? Not really, but that one in a hundred occurrence could cost you dearly in lost sales or a lost empire. At the very least, it would ruin my day–and month.
Is your book almost finished but it needs a final, last-step professional review by a no-nonsense editor with 40 books in print and 30+ years in publishing? That's what I mostly do, plus run a publishing company. Email, call, or check this link for details. Other things: my website, a free monthly newsletter, bio, and my latest book, How to Get Your Book Published Free in Minutes and Published Worldwide in Days. Also, daily tweets as GLeeBurgett and other social networking links at about.me.
The past four blogs have explained, perhaps a bit stridently, the virtues of niche publishing. And there’s much to be said for it, except if your book just isn’t for niches: it’s a kid’s book or a novel or it (also a bit stridently) preaches world salvation. The niche system fails miserably when the buyers are widely and erratically scattered out and are finding out about you and your message on their own.
These are the most obvious disadvantages to niche publishing:
(1) Niche publishers will never get their book on any major best-seller list, except in their niche, where indeed they will be a big cheese. Just don’t look for a niche book at Costco, or more than one copy at a time (with luck) at Barnes and Noble. Yes, it will be on Amazon, but it will probably be very lonely.
(2) Some authors decamp to create their own niche-publishing firms. Others won’t do public speaking. This is important only if you are the publisher and are gathering up a cadre of top authors and you want them to write and publish more books through you so you can build your empire. You also want them to be public, particularly speak often, so you can sell their books by the box rather than the ones. Two observations. If you don’t do good for your authors, maybe you deserve the desertion. On the other hand, it’s a lot peskier to write and publish. They may be back with their new book in hand, and their empire not, asking you to sell the book and let them back in the fold.
(3) This is by far the biggest disincentive: for about 20 days, after fliers are mailed and until orders arrive in volume, niche publishers need a bucket of money to finance that first printing and initial flyer mailing. (Sleeping pills are helpful too.) In Niche Publishing: Publish Profitably Every Time I tell how that can be controlled. Use the fat cat, skinny cat, or alley cat approach. It also helps if the printer will give you 30 days to pay after printing, or at least a small amount down and the rest in 30 days. (They won’t take spouses or children as collateral.) The ogre is the Post Office. They want you to pay for stamps immediately. The good news? If you did a solid pre-test and the buying ratio is sufficient, as long as your book (and flyer) are in fact as promised in the test, you should be in the black within a month. I know, that sounds impossible. But it’s just the opposite: if the test is solid, the potential buying ratio is well into the positive realm, and you follow through as suggested, you can actually breathe again in about three weeks.
(4) Niche publishers sometimes bind themselves to a niche and authors they eventually dislike. As with marriage, it’s a whole lot wiser to court slowly. Niche publishing properly established is much more than a one-book commitment. It can take several years to hit full flower. Alas, it can sometimes take nearly as long to sensibly de-root.
(5) Fulfillment one book or product at a time is tedious and seldom very profitable. That’s why you aim at the heart of the niche and you set up your strategy to sell by the dozen or the box (often about 40 books), and hope that that reduces the single orders quickly and almost forever.
(6) The whole process is sort of overwhelming in the beginning. All the marketing, like all the horses, go before the niche cart, and all of it requires proper timing and attention to detail. Still, done with courage and patience, it’s hard to tip the cart over since the publisher can always pre-test again and again–and if it still isn’t working, can back out without having written the book (or had it written), printed it, and mailed many fliers. But the first time(s) there is the sense of both having created the flood and having one thumb too few to hold it back.
In publishing, even in writing, I still think the niche way is the best deal around.
Best wishes,
Gordon Burgett
Is your book almost finished but it needs a final, last-step professional review by a no-nonsense editor with 40 books in print and 30+ years in publishing? That's what I mostly do, plus run a publishing company. Email, call, or check this link for details. Other things: my website, a free monthly newsletter, bio, and my latest book, How to Get Your Book Published Free in Minutes and Published Worldwide in Days. Also, daily tweets as GLeeBurgett and other social networking links at about.me.
Because you have the huge advantage of being able to pretest your niche book, go a big step farther and write down (and do) the needed test-related steps before you spend $500-700 (to earn at least a $50,000 profit). Otherwise, it’s too easy just to slap something together and wind up with useless (and exasperating) results.
Doing this listless(ly) makes me think of buying lots of attire and equipment so you can play cricket without having the vaguest idea of what to do when you reach the empty playing field. (If you actually do play cricket, think of Ecuador’s pelota de guante.)
At the end of a successful pre-test you should know if a sampling of your niche market will respond positively to your book title, a particular price, the author, the Table of Contents, and the promises (benefits) in your flyer.
To help make that happen, let me share a rather skeletal 25-step checklist that I use, all plucked out of my book Niche Publishing: Publish Profitably Every Time.
1. Figure out your topic and qualify the buying market.
2. Who will write the book? (Will you write and publish?)
3. Create an abbreviated Table of Contents.
4. Determine how much income you must receive from the book.
5. Determine the minimum price you must charge per book.
6. Study your niche and prepare your one-page test flyer.
7. Find the best direct mail list.
8. Get test names as free as possible!
9. Determine three first-mailing starter book test prices.
10. Prepare your pretest note, postcard, and envelope.
11. ZIP sort your test names for two mailings (probably testing five prices).
12. Put prices on the fliers and postcards for the first mailing.
13. Apply the pressure-sensitive labels on your test-mailing #10 envelopes.
14. Stamp the envelopes and postcards.
15. Apply the self-addressed labels on the postcards.
16. Insert the notes and postcards in the proper envelopes and seal them.
17. Mail the first test mailing.
18. From the results of the first mailing select the two most profitable sales prices.
19. Put those prices on the fliers and postcards for the second mailing.
20. Prepare the envelopes and send the second mailing.
21. If the second-mailing results are a huge “go,” get going!
22. If they are marginal, change one weak spot (at a time) and retest.
23. If it’s a stinker, shriek and run for the hills.
24. If it is a winner: write, publish, and sell. And sell.
25. Build an information/product empire around that topic for that niche.
There, I did half of it for you—you are invited to rethink, redo, and resort the 25 steps however you wish. But at some point once you have an action list, you must act. There’s no shame in returning the cricket clothes and tools and doing something else instead. On the other hand, there can be great honor and many extra farthings if the test shouts “yes” and you then write (or acquire) the book and publish as the test says.
This is the fourth niche-publishing blog in this short series. If you still have doubts, the next blog (in a few days) will suggest why you may not want to niche publish at all, if the 25 steps above haven’t already sent you fleeing.
Incidentally, at this site I offered a 12-step “how to pretest your niche book” series, with details of each point in the process. Just go to the list of blog posts on the right, then to see earlier pages and posts hit the “earlier” word at the lower left of that same page.
Best wishes,
Gordon Burgett
Is your book almost finished but it needs a final, last-step professional review by a no-nonsense editor with 40 books in print and 30+ years in publishing? That's what I mostly do, plus run a publishing company. Email, call, or check this link for details. Other things: my website, a free monthly newsletter, bio, and my latest book, How to Get Your Book Published Free in Minutes and Published Worldwide in Days. Also, daily tweets as GLeeBurgett and other social networking links at about.me.
The interaction or relationship between niche publishers and their niche book writers varies, in part because they are often the same person!
But where they aren’t, what the publisher seeks from the author mostly depends upon the kind of empire-building that each is pursuing. Some publishers simply publish the author’s book(s); they aren’t pursuing other sales in that niche field. In those cases, it’s usually the author who is expanding their sales by speaking, seminaring, writing articles, and consulting.
We are on the other end of the spectrum. We are the focus of expansion in the niche field, so we are extremely selective in the writers we bring aboard. Of course we expect that each book will be cutting-edge, needed, well written and resourced, and jargon-free. We seek authors who are well known and held in high regard in their field, are eager to speak at conferences and conventions, are able to do so well, and will handle the related back-of-the-room book sales. We make most of our money from the books. They earn all of the money from speaking in which the book plays a key role in their getting booked. And we both sell the books on a mutually agreed basis.
Since they program their own speeches, we will coach them on that and the speaking process (if coaching is needed). That’s possible because I have given over 2,000 paid speaking presentations. They keep 100% of what they earn from speaking (and pay any fees if they use agencies). When we get asked if our writers speak, we send the request directly to the person they are interested in scheduling. We also supply them with their own personal selling stock (at a 40% discount; they pay shipping). And we handle the rare all-attendees-get-a-book sales. This provides a steady income flow both for the authors and for us, keeps the authors’ names current and them visible, and makes the sale of subsequent related books (that we publish) much faster and easier.
They have access to the e-list we create from the niche buyers’ and speaking attendees’ names and street and/or e-mail addresses, which we use to promote books and they use to help with their speaking promotions.
It’s to both of our benefit if the authors write more books and create offshoot or follow-up products that we can publish. Most of our books are sold as bound paperbacks. A few were cloth. For dentists, we also used a three-ring binder format that included a CD. Now, all our books are also available in e-book formats. Originally those e-books were paperback-faithful .pdf downloads sold from our Web site (or the authors’). Today the K-12 books are also sold at CreateSpace, Kindle, Nook, Lightning Source, and Smashwords. (Digital sales account for about 10% of our niche income.)
Here are some of our guidelines when we consider a new author to add to our list:
1. We are seeking a leader/writer/speaker in our niche who is eager (and able) to write a book right now.
2. We ask that that person to identify the ten biggest problems that practitioners in that niche would pay $100 a book, on the spot, to have that problem solved. If we find an area of mutual interest, we check to see what else is available to solve that problem. If there isn’t a book or much competition, we conduct a modest pre-test to see if a book would be well received. We ask the author to provide a table of contents, several titles, and several paragraphs about the benefits the book would bring or the promises the book can honestly make. With that, we expect that our pre-test will confirm that enough buyers would pay a pre-determined amount (we seek at least $50,000 profit) for a book with a specific title, table of contents, and price. If the pre-test is successful, we ask the author to write the how-to, step-by-step book that matches what we have tested.
3. At the same time we focus on some of those other nine key problems to see if this author, or others (usually who he/she recommends), might be able to write a book about the solution to those problems, all books that we could pre-test and, if wanted, also publish.
Why would an author eagerly become a willing and valuable ally with us to help us expand in the niche field?
1. They receive a 10% royalty on gross receipts.
2. They keep all speaking income related to the book.
3. We extend a discount of about 40% on books the author buys from us to sell directly at workshops and any other way.
4. We pay a 50% commission on any sales of their digital products that the author generates, and a 40% commission on these sales if the books have to be mailed. (We do this mostly through an affiliate program.)
5. We gladly help the author build their own empire. That is often done by creating spin-off books, guides, workbooks, booklets, classes, seminars, workshops, consulting, and more. We publish all of the printed items for the author.
This is our thinking right now as a niche publisher. Our main function, initially, is to quantify a book’s appeal and potential sales. The author then creates the book that will produce those sales. After that, they build outward from each book they publish, limiting their focus to the niche we are serving.
We also mimic and use many of the best techniques and outlets favored by conventional publishers to earn an additional 10-20%, mostly selling through intermediaries like wholesalers and retailers.
In summary, we get most of the gold that the book reaps, and the authors get all of the gold they earn from the venues made possible by having the book available, promoted to the niche, and produced and sold professionally.
[The two previous blogs at this site discussed niche publishing, and the next two will discuss 25 steps taken to conduct a niche book pre-test and reasons why you may not want to niche publish.]
Best wishes,
Gordon Burgett
Is your book almost finished but it needs a final, last-step professional review by a no-nonsense editor with 40 books in print and 30+ years in publishing? That's what I mostly do, plus run a publishing company. Email, call, or check this link for details. Other things: my website, a free monthly newsletter, bio, and my latest book, How to Get Your Book Published Free in Minutes and Published Worldwide in Days. Also, daily tweets as GLeeBurgett and other social networking links at about.me.
It’s hard to tell which is the greatest boon, that (1) a book can be inexpensively pre-tested (title, price, contents, and benefits) before either a word is written or the book costs have been incurred, or (2) one book can establish the author as an articulate expert and create the foundation from which a multi-book, speaking, and consulting empire can be built. The author builds the empire; the publisher creates and sells the products. (Often, the publisher is also the author.)
An author’s emergence as an expert about a topic or process is far quicker and more obvious in a niche. Niche authors become big fish fast in that proverbial small pond, which in most niches are self-contained. In fact, in our K-12 niche field we do it in reverse. I find the experts, the best in their field—or they find me. We then build the niche books around what they know, want to share, and have tested in practice.
For example, three of the top educators in Illinois (one, the equivalent of state Secretary of Education a few years earlier) pooled their respective expertise to write What Every Superintendent and Principal Needs to Know. That was so successful they wrote and we published The Perfect School. Then one of the three wrote Teachers Change Lives 24/7—and continued to co-author, with a noted school attorney, Finding Middle Ground in K-12 Education: Balancing Best Practices and the Law. All four used their books as the core of speeches they gave extensively and for courses and academies they taught… You get the idea. (I’ll talk more about this huge advantage in the next blog in a couple of days: “How niche authors and niche publishers share the gold.”)
Other niche publishing advantages are (3) a built-in market easily identified and inexpensively alerted to the author’s presence and performance, (4) easier back-of-the-room book and related product sales, (5) quicker and more certain speech and seminar scheduling (with greater attendance), and (6) more tightly focused conventions and gatherings for personal contact and selling—all beneficial if the book is good and warmly embraced.
Best of all, (7) the publisher can receive half the expected gross income from a book in 30 or so days, and almost all of it in about 12 weeks. (8) The net is often 50% of the gross.
And since niche publishers sell mostly by direct mail, (9) the more first-rate spin-off products related to the book they can include in their mailed flyer (with several items usually offered as a “bundle”), the higher their return will be in the same length of time for no additional marketing cost.
Finally, (10) the publisher can be the author of the niche-published product, or the publisher can find as many authors as there are core products, let the authors write their book, speak about it, and create related spin-off products, which the publisher can also publish.
Usually, the biggest problem the niche publisher has is the timing, or how to manage the process needed to realize this windfall of potential wealth. My book, Niche Publishing: Publish Profitably Every Time, or our related products (costing $1 or $5) should make that coordination and scheduling easier to plan and manage.
Let’s also discuss “How niche authors and niche publishers share the gold,” “25 key steps to pre-testing your niche book” and “Why you may not want to niche publish” in the coming weeks. (The previous blog began this short series: “Why niche publishing is a much better deal….”)
Best wishes,
Gordon Burgett
Is your book almost finished but it needs a final, last-step professional review by a no-nonsense editor with 40 books in print and 30+ years in publishing? That's what I mostly do, plus run a publishing company. Email, call, or check this link for details. Other things: my website, a free monthly newsletter, bio, and my latest book, How to Get Your Book Published Free in Minutes and Published Worldwide in Days. Also, daily tweets as GLeeBurgett and other social networking links at about.me.
When we niche publishers claim that the smaller our market, the higher our profits (and it’s all virtually risk free after a quick pre-test), we suspect that other publishers think we are either spouting or smoking hocus-pocus. Selling to the same eager buyers for a lifetime also probably strikes them as utterly incomprehensible—or blindly short-sighted. (I won’t even mention empire-building.)
We can only suspect that they don’t know what we do, or why. So we understand the puff of collegial misunderstanding. That’s fine. We’d as soon they remain general publishers anyway. Our claims are honest enough, for publishers, but we aren’t so foolish as to want to divvy up our gold.
Some of the confusion comes because niche publishing and conventional publishing differ hardly at all in the writing, editing, and production phases. The end result also looks pretty much the same: books, with covers, tables of contents, guts, and indexes. It’s the marketing that could hardly be more different, especially when it comes to the when and the how. Conventional publishers seriously warm up their selling machine when a book is in the editing stage. Niche publishers have finished their most important marketing before the book is even written.
In fact, niche publishers won’t research or write the book at all unless a big enough testing slice of their market has agreed beforehand that they want to buy that exact book by that title at a specific (very profitable) price.
So let me expand on that, to tell why for us the marketing cart gleefully goes before the horse, discuss advantages and disadvantages of niche publishing, how we think pre-test, and how we can make our authors very rich—some of which sticks in our coffers.
My qualifications to discuss both kinds of publishing? My wee publishing venture has made about two thirds of its money producing products (mostly books) for dentists and K-12 school administrators—my niches, although I have never been either. I did have my teeth fixed and cleaned (when the receptionist could catch me) and I’m certain there were administrators somewhere in the schools I attended. (I know there were principals in two of them, and they had their own offices.) Most of the rest of my publishing income comes from writing and publishing books for freelance (mostly travel) writers, speaking about the book topics, and consulting (mostly) with niche publishers. (I also wrote Niche Publishing: Publish Profitably Every Time.)
Niche publishers stay well away from handling fiction or books written for “everybody,” kids, or genders. But when we see that there is a hot body of like souls who love or live by something they willingly share, that there are enough of them to form an association, that they want to be on the group mailing list, and that they aren’t unwilling (or, better, are eager) to read a book or attend a seminar to solve a common conundrum or flaming frustration, we recognize a niche waiting for us to devotedly service.
A niche is a group with a collective bond proudly shared, like bus drivers, Giants fans, urologists, and maybe hat blockers. Or like individuals in need of a tried and proven slant and solution to a problem they and their birds-of-feather buddies share, like closing the sale of garbage trucks or building tubas. Or they are twins, deaf at birth, or speak Flemish–but never all three because they are too hard to find and too few to test. Conventional publishers: enter, but at peril. We are territorial and are set up to service groups like chiropractors or Corvette (or Cubs) believers in ways you conventionally never could be.
Why do we niche publish? It’s much easier and faster to do; niche markets are usually much more profitable to sell to and serve, and done right, as I said, it’s an almost a risk-free shoe-in touchdown before we even run back the kickoff simply because we test first and only play when the odds are almost all our way. (Details in “Don’t Invest Until You Test” in the IBPA [Independent Book Publishers Association] Independent, January, 2012). Oh yes, our buyers are much easier to find. In fact, they are hunting for us.
If you care to explore niche publishing more fully, please see the next four blogs, appearing here, two a week. The titles are “Ten advantages to niche publishing,” “How niche authors and niche publishers share the gold,” “26 key questions to pre-testing your niche book,” and “Why you may not want to niche publish.”
If you’re really interested, here are some extremely inexpensive products ($1, $5, $10, or $15) that should make that venture much easier and quicker.
I’ll see you at the next post in a couple of days: “10 Advantages to Niche Publishing.”
Best wishes,
Gordon Burgett
Is your book almost finished but it needs a final, last-step professional review by a no-nonsense editor with 40 books in print and 30+ years in publishing? That's what I mostly do, plus run a publishing company. Email, call, or check this link for details. Other things: my website, a free monthly newsletter, bio, and my latest book, How to Get Your Book Published Free in Minutes and Published Worldwide in Days. Also, daily tweets as GLeeBurgett and other social networking links at about.me.
I like CreateSpace and enjoy their responsiveness to the writer/publisher using their system to get their bound book in print. It’s hard to believe that they are from the usually mute (and mostly invisible) Amazon.com family!
So my thinking isn’t whether I will use them or not, but how, and what I should do to make that use most productive for me (and thus for them).
First, I must remember that making my printed book available from them (or other bound/paperback ancillary publisher) means that I am competing with myself, and probably forcing my own price down.
That makes no sense if I’m creating a niche empire where I am selling unique, valuable, tightly-targeted information to my e-list and others on a direct mailing list I will also use. I simply want every buyer to come through my portal paying my price. Which means I self-publish the book (paperback or, rarely, cloth) and only release it after conducting a satisfactory pre-test, probably selling the book alone or, more likely, some choice of just getting the book itself or getting it bundled with related products. (More on this process and thought pattern at earlier blogs here and in my book Niche Publishing: Publish Profitably Every Time.)
How will Amazon fit into that scenario? If I am releasing a bound general book (not niched) or a novel, I may wish to list my self-published book at their site and make it available through Amazon Advantage at the price the buyer would pay if they ordered it through me. That way I would get about 40% of list price (the discount to Amazon Advantage is 55% and maybe 5% to ship to them), so I must calculate whether the profit margin even justifies that secondary selling venue. Particularly since Amazon will offer it at a “sale” price below mine!
If sold through CreateSpace, I will earn a 40% royalty if it’s bought from Amazon (most are sold this way) and 20% if sold by the CreateSpace ebook store. But if my e-book is sold through Kindle, Nook, and Smashwords (if I keep the digital price $9.99 or less), I would receive a 70% royalty. So do I keep the bound book in house and just sell the digital version through the ancillary houses (and directly)?
It’s very confusing, but it’s usually the most profitable route to go through Create Space for a general book or fiction (it will be listed by Amazon that way) and do the digital books too. It’s no contest for a pre-tested niche book. Everybody must buy it from me.
I will also keep the same ISBN number for all the paperback or ink-on-paper versions.
Four, I don’t have to release my version and CreateSpace’s (and the e-book publishers’) versions at the same time. I get my own version(s) of the book printed and selling before I approach the other houses. This allows me time to arrange for book club sales, with speakers selling B.O.R. or through/to their presentation sponsors (like an association wanting to give a “free” copy to every attendant in the audience), and to my web list, affiliates, or to other Internet marketers before there is any (or much) outside selling of my book.
There are probably six or eight other pre-CreateSpace considerations but these seem the most urgent right now.
Hope this helps you.
Best wishes,
Gordon Burgett
P.S. I just read an excellent, though a bit convoluted, plan asking the same questions above in the February 2012 IBPA Independent: “Amazon Availability, Part 2:Plan B in Six Steps,” by Aaron Shepard.
Is your book almost finished but it needs a final, last-step professional review by a no-nonsense editor with 40 books in print and 30+ years in publishing? That's what I mostly do, plus run a publishing company. Email, call, or check this link for details. Other things: my website, a free monthly newsletter, bio, and my latest book, How to Get Your Book Published Free in Minutes and Published Worldwide in Days. Also, daily tweets as GLeeBurgett and other social networking links at about.me.