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Opinion: What is Self-publishing Success Anyway?

So how do you judge book sales success?Alison Morton, a British novelist who writes alternative history thrillers inspired by ancient Rome from her home in France, has been in conversation with other ALLis via our members-only forum (a good Roman concept there!). To start our blogging week with a spirited debate, she shares their views (with their prior permission, of course.)

Alison Morton, Rebecca Lang and Mark Dawson selfie

Alison Morton (left) celebrating the joy of being indie at London Book Fair 2017 with Rebecca Lang and Mark Dawson (Photo: Rebecca Lang)

Photo of Alison at a book signing

Alison Morton signing her books in a bookshop

I did that fatal thing – I asked my colleagues in ALLi’s Facebook group a question. Worse, I asked it about that delicate subject: measuring success in terms of book sales. What was considered a ‘good/satisfactory’ number of sales for any novel? I wasn’t talking about the super-sellers, just the average novel. And was that count different for indies?

Reaction piled in – and what a range of answers!

At least one more than we currently sell a month?” asked Tim Lewis from BSP Podcast. “Not sure Amazon have ever released any figures of average sales, though we might be able to work it out from other data I suppose. So I say any answer is likely to be a guess.”

I’d read in a forum that super-sellers in traditional publishing houses subsidised less successful titles, and most books (by volume) didn’t sell more than 200 copies. Just as depressing, Lisa White heard in a training webinar that an average indie book sells 100 copies. Chris Longmuir added that a friend in the traditional publishing industry once told her that the average first novel only sells about 350 copies in total. ‘I think most self-publishers sell more than that,’ she added.

The Importance of Being Indie

When it came to attracting the attention of a literary agent, Elizabeth Johns mentioned a writing friend whose agent had told her that sale would need to be at least 25,000 (of an indie book) for a publisher to look at her. This may, of course, apply uniquely to the US market where Elizabeth publishes romance.

Dave Sivers had heard that the traditional publishers aimed to sell at least 2,000 copies including library copies Perhaps this was a book ‘earning its corn’. ‘

But as indies we need to beware of judging our sales by those rules. Bear in mind that if you’re in Kindle Unlimited (on Amazon) and are getting paid for pages read, you may earn more that way than through actual sales – so sales alone as a measure of ‘success’ may be a bit outmoded.’

Back to Basics

Publishing regularly and publishing in an area that sells are basics for good returns.

Genre may also make a difference: romance and crime (especially psychological crime) seem to lead, mirroring the trend in mainstream publishing. Straightforward historical fiction including historical fantasy and alternate history fiction are more niche.

Rebecca Bradley commented that we should also look at similar genres/sub-genres. Comparing sales of a romance author to a ‘how to stop your dog barking’ author would not give a useful result.

Whereas romance novellas (40-60,000 words) are popular, and writers like Fenella Miller can produce several a year, historical fiction is often longer (100-125,000 words), as Margaret Skea remarked. And then there’s the research…

Adam Croft’s first book was published 6 years ago. ‘I started slowly, but currently manage six new titles a year.’

Yellow brick road and rainbow set with group of authors

What’s your definition of success? ALLI authors seek the end of the rainbow at the London Book Fair (Photo: Thomas Shepherd)

What’s Your Definition of Success?

Many indie authors are content with break-even. The cost of a well-designed cover, editing and formatting can amount to several hundred pounds/euros/dollars. The satisfaction of getting the story out is higher than making a vast profit. Tim Lewis‘s blogpost about author income gives a very detailed breakdown about achieving this.

Other authors have stronger commercial drives and treat their writing as a full-blown career which will more than pay the mortgage.

Karl Drinkwater made the very good point that using the number of book sales as a measure of success might also depend on if you measured print only, or e-book, or both combined.

In the UK, the Society of Authors found from consulting its members that the average/mid-list full-time author with a traditional publisher earned £11,000 per year.  Jean Gill did some maths for us. “Assuming 10% of cover price in royalties and books at £10,  that/s 11,000 books per year – which I suspect is probably as good a guess as any other. I do know a literary agent laughed at me on a train in 2002 for my first (traditionally-published) novel having sold 1,000 copies – “not nearly enough to be interesting”.”

Jane Davis continued to read that only 5% of books sold over 1,000 copies, so all of her budgets were based on 1,000. She thought that was probably on the optimistic side but she wouldn’t budget for failure! And Cindy Rinaman Marsch was proud of her 1100 sales of her first indie historical, literary-bent novel in its first year.

As Long as a Piece of String?

Louise Walters thought there was no definitive answer. Each book seemed to have its own trajectory, whether trade or self-published. Her trade-published first novel sold approximately 8,000 copies in hardback and paperback and 5,000 in ebook, but she was still dropped by her publisher. Another author at the same publisher had sales in the hundreds but was bringing out a third novel with them. So it was impossible to define a good number of sales.

Debbie Young reminded us of one important thing to note about sales: most trade publishers will delist a book if it doesn’t sell more than a certain number of copies within a set period: “As self-publishers, the clock is not ticking in the same way for us, because we can keep our books on sale forever, and they only go out of print if we choose to withdraw them. We can afford to have books on slow burn if need be.”

I couldn’t agree more. My first book, INCEPTIO, was three this year and still sells steadily as well as being the hook for giveaways. If your book didn’t vanish like a butterfly after a few months, you could build a series around it.

This is a massive plus of self-publishing.

The Conclusion?

Nobody knows! But here are some broad conclusions:

  • The first thousand is the best thousand, and many indies are aiming for this figure as a breakeven.
  • Given that Amazon doesn’t release figures and most self-published ebooks don’t have ISBNs, it’s hard to identify accurate data. Hugh Howey and Data Guy’s figures are probably the nearest.
  • It’s never the same for two people or two books by the same author, or two similar books by different authors, even if they both have “Girl” in the title.
  • Indies cannot measure themselves with the same stick as traditionals.

And finally, Debbie Young’s comment throws some common sense on the question:

Comparing one’s sales to those of other books and authors is an unhelpful distraction and a fast track to madness…

OVER TO YOU What has made you feel a success as an indie author – has there been a defining moment? And what would have to happen to you to make you feel as if you’ve really arrived as an indie author? We’d love to know!

#Authors - what's your definition of success? @alison_morton considers the options Click To Tweet

OTHER THOUGHT-PROVOKING POSTS ABOUT SUCCESS AS AN INDIE AUTHOR

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Successful Indie Authors 2016: Part One

10 Inspirational Posts for Successful Writing and Self-publishing in 2017

4 Responses to Opinion: What is Self-publishing Success Anyway?

  1. Kristen Steele April 11, 2017 at 4:46 pm #

    It’s such a hard question! Some authors consider getting to the publishing point success in itself. Any copies sold is a bonus!

  2. Fenella J Miller March 28, 2017 at 1:51 pm #

    I would like to point out I don’t write ’30/50K romance novellas’. I write full length historical fiction, some of which is Regency some Victorian and some WW2. Only the Regency are pure romance.In the past I wrote 3/4 novellas a year but not for the past three years. So far this year I’ve written a Victorian saga and a WW2 historical – just started a full length Regency romance. Then it will be another WW2 historical, a full length Regency and a 50K Christmas Regency.
    Interesting post. Cheered me up as I was thinking my sales were dismal – in fact I’m in the top 3%. Yay!

  3. Roz Morris @Roz_Morris March 28, 2017 at 9:01 am #

    Really nice round-up, Alison! The biggest takeaway is that indie success is long term, whatever numbers you’re able to get. We work by building up a body of work over many years, always being able to keep it visible, and being able to control how it’s presented.

  4. Karen Myers March 27, 2017 at 11:38 pm #

    I use different metrics for success.

    I treat the book as a variable annuity asset that has both actual costs and labor costs (my writing/editing/formatting/etc. time at $X/hour). Once published, the costs for a title don’t go up much (a new cover, annual listing fees at Ingram, adding another format, etc.).

    What I shoot for is a percentage return on the money invested in that asset. I want all of my books, on average, to aim at a 10% annual return, year after year, as a minimum goal.

    After all, if you could buy an investment that returned you 10% every year, wouldn’t you?

    That ROI is then what funds all the overall business costs that are not title-specific as well as new investment.

    I’m not there yet. Over the last 5 years, my annual ROI has ranged from 2% to 13%, on virtually no marketing. Now that I have some inventory (20 titles) and two completed series, I’m turning on the marketing engine to see what I can really achieve with my backlist.

    Marketing’s a big investment for me, but now the goal is focused — can I raise the ROI for my assets while I create new books to add to the pile? That’s an easy metric to measure, and fundamental to my business.

    (Thanks to Dean Wesley Smith where I first came across the notion of valuing the business that way.)

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