Advanced Self-Publishing (Tori Centanni (M), Annie Bellet, Mark Teppo, K. M. Alexander, Elliott Kay)
The discussion started with genre silos – writing books that are strictly within a genre, vs cross pollination. Also: If you write in more than one genre, should you consider different pen names?
Annie: It’s important for new writers to stay strictly within a genre, because of the way Amazon algorithms work. The most important element is the Recommendation engine, which will tend to recommend books similar to the ones a reader has already bought. The “also-boughts” are key: If people who bought your book also bought other books within the genre, then the also-boughts will give the correct signal. If you use the same name for two separate genres, you might get some cross-over readership – people who liked your Urban Fantasy may also enjoy your Adventure thriller series. But percentage-wise, most genres are separate readerships, and the result is the also-boughts get confused and give the wrong signals. So if you’re writing in two genres, at least use slightly different pen-names – like adding in an initial – to distinguish them. The Romance readers are more likely to cross into other genres than most other readerships.
Series are good for self-publishers; if readers like one book in the series, they buy all the others. The best thing you can do for your sales is to publish the next book in the series. It gives a boost to all the previous books.
How soon should you publish your next book?
For traditionally published books – about one a year was the conventional wisdom.
For self-published books, the ideal would be every 30 days (!) in the same series. If you can’t do 30, go for 60. If you can’t do 60, go for 90. If you’re a slower writer, then wait until you have at least 3 books in a series ready to go, and then release them once a month. This again comes from an Amazon algorithm. They have a 30-day “Hot New Release” list. If your next book comes out in time to get on the list *again* it will boost your series’ profile. They also have a 60-day list and a 90-day list.
Writing fast is important. She said that when her pace of writing slowed, her income dropped every month. If you want to write faster, Annie recommends the book: “2k to 10k: Writing Faster, Writing Better, and Writing More of What You Love” by Rachel Aaron.
What’s the difference between paper books and e-books?
For much of the readership – they’re two different things. People who buy paper books don’t always read e-books. But people who read e-books often read paper as well.
For a self-publisher, paper books aren’t worth the trouble. The pricing is hugely different – an e-book can be priced at 99 cents to maybe $7.99, while the paper book will be $15 or more. The margins are tiny. You don’t have the reach to get them into bookstores. That’s where the traditional publishers have a stranglehold on the channels. Annie said she makes more (per book) on a $3.99 e-book than on a $25 hardcover book. On Amazon, at any price above $2.99, you get to keep 60-70%.
Annie sold the paper rights to her “20-sided Sorceress” books to Saga, an imprint of Simon and Schuster. They called her when her series took off on Amazon, and asked if she was interested in a deal. She crunched some numbers, and said it would require an advance of around $2 million. There was complete silence from the other side. Then after a few minutes, they asked about print-only rights.
“That… would be a lot less,” Annie said. So she sold them the print rights (and, she says, immediately turned round and paid it to the Federal Government as tax!), and took down the print version of her books. They were selling only a few copies anyway.