Does paying for book promotion pay off?
By Carol / December 16, 2014 /
As an indie author, I’ve looked at paid book promotions from time to time and always backed away. There were so many questions for which I had no solid answers. Which promotion site? What guarantee did I have that it would work? How many books would I have to sell to break even? If I did a promotion, when? My novel Go Away Home published in July; was a September promotion too early? My memoir Growing Up Country has been on the market for seven years; would anyone still be interested?
Finally I decided: Do it or stop thinking about it. I took the dive, and scheduled a promotion for my novel. I had to take a big gulp when it came to paying the bill and I spent a lot of my time holding my breath. Ultimately, I’m glad I did.
Here’s what I did and how it worked.
With the philosophy If you can’t go big, go home, I chose BookBub – the gorilla of ebook marketing in terms of reach, cost, and results – to promote my novel in September. Electing for as clean a test as possible, I didn’t do any promotion other than that. Not even social media.
Go Away Home Promotion
- BookBub Cost: $400 for a one-day, $ .99 promotion.
- Reach: 1,030,000 women’s fiction readers. I’d requested historical fiction, but BookBub recommended women’s fiction. I figured they knew what they were doing and went with it. Plus the women’s fiction promo was $40 less expensive.
Sales & Rankings:
Pre-promotion Amazon Kindle Sales Rank – 55,110
Day of promotion – Sept. 7 – Price at $ .99 – Sales – 1,422 – Author Rank: as high as 69
Day 2 – Sales – 319
Day 3 – Sales – 151
Day 4 – Price at $1.99 – Sales – 52 – Author Rank: between 393 and 1,116
Day 5 – Sales – 66
Day 6 – Sales – 61
Day 7 – Price returns to $3.99 – Sales: 27 – Author Rank – 1,298
Return on investment: First-day sales covered the promotion cost by 2.5x
On to the next book: Encouraged by the success of the novel promotion, I elected to use paid promotions for my memoir. Again, I let BookBub lead the way and added two other paid promotion outlets: Ereader News Today and The Fussy Librarian. Here are the results.
Growing Up Country Promotion
- BookBub cost: $480 for a one-day, $ .99 promotion. Reach: 1,170,000 memoir & biography readers.
- Ereader News Today cost: $30
- The Fussy Librarian cost: $10
Sales & Rankings
Pre-promotion Amazon Kindle Sales Rank: 217,307
Day of promotion – Nov. 13 – Price at $ .99 – Sales: 2,504 – Author Rank: As high as 21
Day 2 – Sales: 520
Day 3 – Sales: 388
Day 4 – Price at $1.99 – Sales: 101 – Rank: between 105 and 870
Day 5 – Sales 73
Day 6 – Sales 64
Day 7 – Price returns to $3.99 – Sales: 20
Return on investment: First-day sales covered promotion costs by more than 3.5x
- BookBub: 2,788 sales; revenue to me $1,951.60
- Ereader News Today: 146 sales; revenue to me: $102.20
- The Fussy Librarian: 17 sales; revenue to me: $11.90
Seven observations from these promotions:
- It’s a hoot: Okay, just had to get that out of the way. It’s a kick to see my book ranked up there with books by Sue Monk Kidd and Diana Gabaldon. Even if it’s only for a few days. Now back to business.
- Scheduling a promotion – BookBub is known for being tough to get into so I gave them as much scheduling flexibility as I could. They responded to my submissions in 48 hours and were easy to work with. I scheduled Ereader News Today & The Fussy Librarian to run in the days after BookBub to extend the news.
- You get what you pay for: There were fewer sales through Ereader News Today and The Fussy Librarian, but the cost was much less and they delivered sales proportionally, so I’d use them again.
- A long promotion tail: Even though sales dropped precipitously from promotion highs, both Go Away Home and Growing Up Country have sold more copies each day, every day since their respective promotions than they did prior to the promotions.
- Holiday cross-over sales: While paperback sales of Growing Up Country have always accelerated during the holidays, this is turning out to be particularly good year. The ebook promotion drove the memoir to the top of the charts as people were looking for gift books. A month after the promotion ended, the memoir still ranks in the Top 10 Midwest memoirs and is selling well in both ebook and paperback formats.
- Reviews – A Bonus: Because of the promotions, both books have garnered a healthy increase in reader reviews. Go Away Home picked up 36 new reviews since September and Growing Up Country has earned 54 new reviews in the past month, including its first one-star review (be still my heart!).
- Your results will not be the same as mine: BookBub shares the average sales for each category. Women’s fiction: Average sold: 2,120 with a range of 170 to 5,420. Biographies & Memoirs: Average sold: 2,430 with a range of 290 to 6,210. I didn’t quite make the average with my novel but exceeded it with my memoir. Great success since I was holding my breath that I’d surpass 170 and 290. All the usual suspects come into play in whether a book sells well: cover design, title, quality of writing, topic interest, reader moods, the phase of the moon.
I share this report for what it’s worth. Paid promotions are one arrow in the author’s marketing quiver. And this is one for which you can see a clear ROI.
This was a lot of numbers to crunch and I hope I was reasonably clear. Let me know where I confused and where I might yet elaborate. Apologies for the blurry graphics; they’re the best I could get from a screen shot.