You Can Become a Kindle Millionaire, Part 2

I am 15 days into my Kindle experiment and here are the results so far…

Today, THE WALK is ranked #901 in the Kindle Store and:

#18 in  Kindle Store > Kindle Books > Fiction > Action & Adventure
#21 in  Kindle Store > Kindle Books > Fiction > Horror
#28 in  Kindle Store > Kindle Books > Humor

THREE WAYS TO DIE – 38 copies sold @ $.99. My royalties: $13.30.

Today, THREE WAYS TO DIE is ranked #15,365 in the Kindle Store and:

#74 in Kindle Store > Kindle Books > Mystery & Thrillers > Mystery > Hard-Boiled

I've promoted the books here on my blog, my Facebook page, to my Facebook Monk Fans, on Twitter, and on the Amazon Kindle forums (as well as several other Kindle forums, like this one). 

Those sales are nothing to get excited about. I haven't come close to reaching the astonishing and impressive Kindle sales that folks like Joe Konrath and John August have achieved. 

On the plus side, I have been getting some very nice, enthusiastic reviews (publicly on Amazon and privately in emails) for THE WALK and I think that's led to some good word-of-mouth. I have seen the daily sales steadily increasing from one or two copies-a-day to 10-15 copies-a-day.

On the down side, Sales of THREE WAYS TO DIE are flat. I haven't sold a copy in two days.

And several readers have reported some irritating formatting problems with THE WALK. Some paragraphs seem to switch to italics at random. I have looked at the manscript, as both a Word document and in html, and I can't figure out why those paragraphs are changing format…so I have no clue how to fix it. But I will keep trying to figure it out.

I'll give you another update at the end of the month.

UPDATE 6-18-2009:  Sales are definitely trending up for THE WALK, though it's still nothing stellar. As of tonight, THE WALK has sold 219 copies @$1.40. My royalties: $136.49. The book is now #410 in the Kindle Store and:

#9 in  Kindle Store > Kindle Books > Fiction > Horror
#9 in  Kindle Store > Kindle Books > Fiction > Action & Adventure
#14 in  Kindle Store > Kindle Books > Humor

It doesn't seem to take many sales to become a top-ten "bestseller" in genre categories on Amazon, does it? Oh, and I have sold two copies of the PDF version of THE WALK at Scribd, bringing me $1.50 in royalties. 

THREE WAYS TO DIE has sold ten more copies, 47 copies to date, @.99 each, earning me $16.45 in royalties.

Financially speaking, I don't see this as the future of self-publishing, at least not yet. It would take a lot of promotion to reach a wide enough audience to create enough sales to make this financially lucrative (unless you're already an established author … like Joe Konrath…or well-known in other circles…like screenwriter John August). There's a reason Stephen King, John Grisham and Michael Connelly haven't forsaken big New York publisher and "the printed page" for the e-publishing world just yet (or for print-on-demand paperbacks either). 

But one clear benefit of self-publishing/epublishing with the Kindle is that you don't have to shell out any money upfront to do it…nor do you have to go through some vanity press scammer. You don't even pay an unfront listing fee (the way you would with, say, auctions on ebay). You pay at the register…or, rather, your reader does. Amazon and Scribd take a cut from the sales. 

You Can Become a Kindle Millionaire

My friend author Joe Konrath has done extraordinarily well selling some of his unpublished books on the Kindle, making $1250 in royalties this month alone. That's very impressive. And since its free and easy to upload your book to Amazon for sale on the Kindle, I'm sure that Joe's success is very exciting and encouraging news to a lot of aspiring writers out there. But I suspect Joe's success is the exception rather than the rule. That said, he is encouraging others to follow his lead. He writes:

The average advance for a first time novel is still $5000. If Kindle keeps growing in popularity, and the Sony Reader opens up to author submissions like it intends to, I think a motivated writer will be able to make $5000 a year on a well-written e-novel. Or more. All without ever being in print.

[…]Robert W. Walker, has written over forty novels. Most of them are out of print, and the rights have reverted back to him. If he digitized and uploaded his books, and priced them at $1.59 (which earns him 70 cents a download), and sold 500 copies of each per month (I sold 500 of Origin and 780 of The List in May), he'd be making $14,000 a month, or $168,000 a year, on books that Big NY Publishing doesn't want anymore.
Even if he made half, or a third, or a fifth of that, that's decent money on books that he's not doing anything else with. Now, all of us aren't Rob, and we don't have 40 novels on our hard drives, especially 40 novels that were good enough to have once been published in print.
But how long do you think it will be before some unknown author has a Kindle bestseller?

Joe is making a lot of assumptions based on the admirable success of his own Kindle titles. It's a big, big, BIG leap to think, just because his book has done well, that Robert W. Walker (or any other mid-list author) will sell 500 copies…or even 50 copies…of his out-of-print books on the Kindle each month. 

But just for hell of it, I decided to follow Joe's advice and put my out-of-print 2004 novel THE WALK and a short-story collection THREE WAYS TO DIE up on Amazon for sale on the Kindle and see what happens. 

So far, after only a few days on Amazon, sales of those Kindle editions have been brisk. For instance, today THREE WAYS TO DIE was ranked as Amazon's #30 bestselling Kindle short story collection and the 40th top-selling hard-boiled Kindle mystery. 

Pretty impressive, huh? 

And it's paying off in the wallet, too, my friends. I've already raked in ten dollars in royalties. So I spent today at the Bentley dealership checking out the car I'm going to buy at year-end with my Kindle royalties.

I do not mean to belittle Joe's success on the Kindle. It is truly impressive and its a reflection of his considerable promotional skills (as well, I'm sure, of the quality of the books themselves). But do I think the vast majority of published, as well as unpublished, writers can easily achieve the same success he has with Kindle editions? No, I don't.

But I would love to be proved wrong. I'll report back at the end of the month on how my Kindle sales on these two titles are doing.

(Incidentally, several of my MONK and DIAGNOSIS MURDER books are also available on the Kindle. Although the MONK books sell very well in hardcover and paperback, the Kindle sales are miniscule…and keep in mind that my MONK books, unlike those that an unknown writer might put up for sale on the Kindle, benefit from the huge advertising, promotion, and brand awareness that goes along with a hit TV series)

UPDATE 6-11-2209: Joe Konrath has updated his Kindle sales figures and they are pretty impressive. Here's a sample:

On April 8th, I began to upload my own books to Kindle. As of today, June 11, at 11:40am, here is how many copies I've sold, and how much they've earned. 

THE LIST, a technothriller/police procedural novel, is my biggest seller to date, with 1612 copies sold. Since April this has earned $1081.75. I originally priced it at $1.49, and then raised it to $1.89 this month to see if the sales would slow down. The sales sped up instead. 

ORIGIN, a technothriller/horror occult adventure novel, is in second place, with 1096 copies sold and $690.18. As with The List and my other Kindle novels, I upped the price to $1.89. 

SUCKERS is a thriller/comedy/horror novella I wrote with Jeff Strand. It also includes some Konrath and Strand short stories. 449 copies, $306.60.

Joe also talks about some of the lessons he's learned along the way. I'll post the stats from my experiment at the end of the month.

Blog Spamming

This takes some chutzpah. S.G. Kiner is trying to promote her self-published book by spamming the comment sections of blogs all over the Internet. Take, for instance, this comment that she left on author Laura Caldwell's post at The Outfit:

"The Hong Kong Connection" is a legal thriller about a gutsy female attorney who takes on high ranking International officials. It's a taut, rollercoaster of a ride from New York to Palm Beach to Washington D.C. to Hong Kong. The plot is expertly woven, the characters persuasive, and the dialogue snappy and spot on.
www.StrategicBookPublishing.com/TheHongKongConnection.html

This comment, of course, had absolutely nothing to do with the subject of Laura's post. It is, however, an example of inappropriate and stupid behavior by an aspiring author. First Kiner was dumb enough to fall for the Strategic Publishing scam (the latest incarnation of Robert Fletcher's infamous Writers Literary Agency). Now Kiner is compounding that mistake by ineptly trying to leach readers off of another author. The only thing she's succeeded in promoting is her own rudeness and ineptitude. 

When to Self-Publish

Karen Opas-Lanouette, a freelance editor and ghostwriter, believes it only makes sense to self-publish if you meet three criteria, which she's posted on LinkedIn. I think her list is great:

1) You have written a memoir or cookbook that you want to share with family and friends. Professional editing and cover design/interior layout are not an issue. A POD self-publisher like Lulu or iPublish is an inexpensive way to put a book into the hands of friends and family.

2) You have a successful business and a book will enhance your authority as an expert. You prefer the 50%+ of the cover price you will receive via this process than the 7-15% you will receive via traditional publishing. You can write the initial expenses off against marketing, and declare income as you hand sell books to clients and at lectures. In this case, it is worth the money to hire a professional editor, an experienced book designer, and create a combination of printed physical copies and a POD set-up with someone like Lightning Source.

3) The expenses involved in creating a professional quality self published book are worth it to you in the same way that going on a vacation is worth it–you are unlikely to make a profit, but the mental and emotional rewards of having your book out in the world, along with the statistically slender chance that your book will hit, make it worth the money.

That is one of the most-clearheaded, accurate, and helpful posts about self-publishing that I've read in some time. I agree with everything she's said. But I would add one more important criteria — self-publishing makes sense if you have written a non-fiction book and have a built-in sales and promotional platform. In other words, if you lead seminars, have a TV or radio show, teach a class, preach to a congregation, etc…a stage from which you can promote the book and a ready-made venue/audience for selling it yourself.

UPDATE: Jane Smith pointed me to this excellent post that makes some excellent points about self-publishing Here's a taste:

4) Nearly all self-published books sell in minuscule numbers. How many friends do you have? How many could you persuade to part with cash? Well, that's how many books you will probably sell. Unless you are a seriously brilliant and dedicated salesperson and are prepared not to write any more ever again because you will be selling, selling, selling. You will lose hair, weight (hmm, good idea), self-esteem and years off your life; you will gain wrinkles, bags, and new respect for book-led publishers. You will probably not make any money but if you do, you will be rightly proud of it. But too tired to do it again. 

5) Whenever someone tells you that publishing is "broken", ask yourself who is saying this and why. Is it a published author? Is it an author who has won awards, received good reviews, has a genuine fanbase? Or is it someone who has either failed to get published or who has decided to make money out of other people's failure to do so? 

6) When you hear about a self-published book becoming "successful", (and this does occasionally happen, but much less often than you are led to believe) realise that this success nearly always happens when a book-led publisher takes on the formerly self-published book. So, is that a self-publishing success or proof that publishing is neither dead nor the future?

The Independence Fallacy

I have to point you to two terrific blog posts from Writer Beware's Victoria Strauss, who tackles the fallacy behind POD companies calling themselves "independent publishers"  and their customers calling themselves "independent authors." The POD companies are eager to cast themselves as the equivalent of indie movie-makers. But the comparison doesn't fit. Indie film-makers and musicians don't pay someone to package and market their work, they do it themselves. Victoria notes:

If you sign a contract with a self-publishing company, you are not an independent writer, no matter how emphatically the self-pub company says you are.

She goes on to note:

If you are a true self-publisher–if you've handled every aspect of publication on your own–then yes, you can accurately call yourself an independent author.[…]If you've used a print-on-demand self-publishing company, you've granted it a limited license to your work, you've chosen from a pre-determined package of services, you're dependent on whatever distribution the company provides, and you probably don't own your ISBN number. Also, since most self-pub companies reserve the right to discontinue publication for any reason, you don't fully control your work's availability, and since most pay a royalty, you don't control its income, either. In other words, you are not independent.

By the way, there's some very good news coming soon about the future of Writer Beware that will make it even stronger.

More Vanity Press Kool Aid

Every time a major magazine or new outlet does a story touting self-publishing, in this case a piece on the CNN tech website, I get inundated by readers asking me what I think. So does Victoria Strauss at Writers Beware...only she probably gets it ten times worse than I do. She's written a post on the formula most of these articles usually follow. She says, in part, that they:

1. Pick a rare instance of self-publishing success–in this case, Lisa Genova, whose iUniverse-published novel Still Alice garnered a major publishing deal. Make sure not to tell the whole story–omit, for instance, the fact that Genova hired PR firm Kelly & Hall–the same firm that propelled self-published Brunonia Barry to success–to publicize her book, and acquired a literary agent as a result of the attention Kelly & Hall was able to generate.

2. Segue to the growth of self-publishing and the great possibilities it offers for budding authors, while taking a swipe at the commercial publishing industry. Totally ignore the contradiction inherent in the fact the success of the self-published author just discussed hinged on her transition to a commercial publisher.

3. Toss out a few random facts about self-publishing (not all of them necessarily relevant–Khatami notes that the self-published author "retains the copyright to his or her book," as if this were not the case with commercial publishing), while ignoring the issue of low sales (the average self-published book sells fewer than 200 copies) and limited distribution (most self-pubbed books are not distributed beyond the Internet).

These articles never mention the tens of thousands of dollars that these "successful" self-published authors had to spend…and how extraordinarily rare it is for vanity press authors jump to a real publisher, which despite their hoo-hawing for vanity presses is what they all want.

The CNN website story mentions that Lulu has published 820,000 titles since 2002 but they don't say how many of those authors actually sold more than a few dozen copies of their work. A real reporter might have asked that question…and posted the answer as a reality-check. But this was nothing more than a vanity press puff piece…the last thing anyone was interested in doing was shining a light on the ugly truth.

AuthorHouse's online Fact Sheet, updated in September 2008, reported 36,823 authors and 45,993 titles. According to the New York Times, AuthorHouse reports selling more than 2.5 million books in 2008, which sounds like a lot, but averages out to around 54 sales per title.

iUniverse's 2005 Facts and Figures sheet reports that the company published 22,265 titles through the end of that year, with sales of 3.7 million: an average of 166 sales per title. Obviously some titles can boast better sales (Amy Fisher's If I Knew Then sold over 32,000 copies)–but not many. According to a 2004 article in Publishers Weekly, only 83 of more than 18,000 iUniverse titles published during that year sold at least 500 copies. And in a 2008 article in The New York Times, iUniverse's VP, Susan Driscoll, admitted that most iUniverse authors sell fewer than 200 books.

The vanity presses make their money selling books to authors, not selling books to readers.

There are three more items on Victoria's list and I'm going to refer people to it every time they email me a mindless article like this one.

An Unpleasant Word

The Winepress Group's print-on-demand vanity press Pleasant Word, which calls itself  "a leading light in Christian self-publishing," is threatening to sue author Mark Levine for criticizing their business practices and proclaiming them "a publisher to avoid" in his book "The Fine Print of Self-Publishing" (which I favorably reviewed).  Winepress/Pleasant Word sent out a press release through the Christian Communications Network that reads, in part:

His review of Pleasant Word closes with the statement that "there are plenty of honest Christian publishers. Find one."

In the book, Mr. Levine asserts that he holds publishers "who cloak their services around religion to a higher standard." However, he ranks another Christian publisher as "Outstanding," despite comparing poorly on many of the same criteria he used to judge Pleasant Word.

The Winepress Group has been a leading light in Christian self-publishing since 1991 and enjoys a reputation for integrity and quality within the industry. The company is also a member of the Better Business Bureau with an excellent record.

"This is not about a bad review," said Malcolm Fraser, the Executive Officer at WinePress, "Mr. Levine's research was certainly poor and his conclusions are totally inconsistent, but he's entitled to his opinion. However, he has misrepresented the facts and published statements that are blatantly untrue. His accusations of dishonesty cross the line into slander and break the law. It's potentially very damaging to our reputation and harmful to everyone connected with the company."

What Levine has done is scrutinize Pleasant Word's contract and fee structure in detail and comes to the conclusion that company is not very author friendly.  For instance, Pleasant Word claims they give their authors, excuse me customers, 100% of the net profits, which Levine says is not the case:

The author makes 100% of the profits after Pleasant Word nearly doubles the printing price and adds a handling fee

For a book priced at $17.99 and sold on Amazon, Levine calculates that the author's royalty is a mere fifty cents…while Pleasant Word pockets $3.60. Praise the Lord. Levine writes:

I believe it's a compromise of Christian values (and just about every other moral value I can think of) when a publisher leads authors to believe that its printing costs are 100% higher than they actually are.  

[…]When a publisher choose to make religion a central focus of its service and writes copy that suggests that due to strong Christian principles authors "know they can trust us," the publisher has a duty to be over-the-top honest. Being less than forthright about the real printing costs, while advertising how honest and Christian it is, instantly makes Pleasant Word a publisher to avoid. 

[…]There are simply no pleasant words to describe the business practices of this publisher. 

For the record, Levine also lists Tate, another "Christian" vanity press, among the self-publishers to avoid. But he praises Xulon Press as "hands down […] the best exclusively Christian self-publishing company out there."

The Vanity Press Kool Aid

Mrs. Giggles blogs today about the slew of self-publishing hype lately. She says, in part:

The problem with self-publishing propoganda, if you ask me, is that most of these circus barkers are telling people what they want to hear, as opposed to telling them the hard facts. They tell barely literate high school dropouts that grammar and writing ability don't matter because stories "come from the heart" or something like that. They tell desperate authors that traditional publishers are evil people who deliberately set out to crush their dreams. They tell these people that they are entitled to be authors, and yes, fame and success and respect will follow shortly after because look at the handful of current self-published authors who have made it big, blah blah blah.

[…] Self-publishing is no short cut to success – it is another way to get published, but it is also another kind of hard work awaiting the author. And the rewards are far lower than you would reap with traditional publishing, unless you are an expert in your field with a ready-made audience at your seminars and classes […] or you are content to sell a dozen or so copies and knowing that there is an audience, however small, that appreciate your art.

I couldn't agree more. The problem is that most of the reporters writing about vanity presses either have their own agenda or don't dig deeper than the press releases they are giving. Recently, Publishers Weekly profiled several fast-growing "small presses" but neglected to mention that two of them — Greenleaf and Morgan James — are vanity presses that make their money selling books to authors rather than readers (hat-tip to Victoria Strauss for that one). PW is an industry trade publication…they should know better.

Lightsword Becomes a Vanity Press

Now that Lightsword Publishing has gone bankrupt, crippled by revelations of fraud and incompetence, disgraced "publisher" Linda Daly has reconstituted the company as a vanity press operation. Here's what she's written on her Lightsword Digital site:

Currently, LSP Digital is NOT accepting submissions. In early Spring
of 2009 we look forward in updating our guidelines for submission
requirements along with a complete outline of any and all fees for
publishing with LSP Digital, LLC.

Now that's chutzpah. 

Hosing Yourself

Author John Gilstrap doesn’t understand the desire to self-publish at all.

I don’t understand why people would pay the thousands of dollars necessary to make self-publishing happen. If the goal is to get one’s book into the hands of friends and family, a Kinko’s would serve as well as a self-publishing house. If the desired audience is bigger than that, the writer is hosed. Selling a hundred copies to people who all know where you live is not really publishing, is it? Isn’t the point to sell not tens of copies, but tens of thousands of copies? It’s impossible to get that kind of distribution without a legitimate publisher.

He’s right, of course. But some argue that pros like John are looking at this from the wrong angle. Some authors aren’t interested in making any money on their art, they are in it for the creative expression. Well, if that’s the case, why not just post the book for free download on a blog?
doesn’t understand why anyone would self-publish.