One of the questions we try to help authors answer is whether they should direct their book buying traffic to the Wheatmark bookstore or to an online retailer such as Amazon.
My short, possibly not that helpful, answer to this is: Both.
The long answer to this is still both, but with some added explanation!
The Wheatmark bookstore, for Wheatmark authors, is where the book is available for the full retail price and offers a higher royalty to the author.
On the surface, this seems like a great way to earn back the publishing investment. Which it is, particularly if you are selling your book to only a few people or to a one buyer who is buying a LOT of copies, like a textbook being purchased by a school.
Many authors find that they sell more books on Amazon and are concerned that the traffic driven there is buying the book at a discount and thus the author isn't seeing as much royalty cash from each sale. Although that is true, there are are advantages to selling on Amazon.
I argue that if you are going to try to sell your book to a greater population, you should focus a lot of your effort on your Amazon sales. The reason is pretty simple: People (and I mean just about everyone at some point) buy books on Amazon. As consumers, they are familiar with the format, probably have a gift card from the CoinStar machine at the grocery store or an aunt that they have a few pennies left on, and it is part of their buying pattern. Not to mention the fact that the price on Amazon is lower.
The reduced price may cut into royalties, but, if you can sell more books on Amazon at the discounted price, then you'll be making more money in the end than if you only sold books on Wheatmark's store for full price and sold a third of what you did on Amazon. Right?
There is another element that makes Amazon a great place to sell your book: Functionality.
You can have a Kindle version for sale there, you can have multiple titles that pull together to boost your sales rank, people can leave reviews, and the tagging function also assists with visibility. These are things that are great for marketing.
What the Amazon site can't do is offer bulk discounts, which Wheatmark can. Our bulk author discounts are a great advantage. For example, if you are going to market to book clubs, you could drive the sales to yourself, buy bulk copies through us with your author discount and then sell them directly to the book club and make profit!
You could, of course, only sell through yourself all the time to make the highest profit per copy of book, but then you'd also have to handle the shipping. Trust me, as someone who has to do a lot of shipping, you want to try to skirt that responsibility whenever possible!
Also, we offer discounts on large book orders, like when a university buys a textbook or a book store buys a lot of them, so buying through Wheatmark is a better deal over Amazon or BarnesandNoble.com.
There are many ways to begin making money on your book. The bottom line is to know your goals as an author and to work towards those goals with your marketing. In the end, when you are selling copies of books, it won't make much of a difference where people buy them.
Just sell more copies this month than you did last month and you'll be on the track to success!
My short, possibly not that helpful, answer to this is: Both.
The long answer to this is still both, but with some added explanation!
The Wheatmark bookstore, for Wheatmark authors, is where the book is available for the full retail price and offers a higher royalty to the author.
On the surface, this seems like a great way to earn back the publishing investment. Which it is, particularly if you are selling your book to only a few people or to a one buyer who is buying a LOT of copies, like a textbook being purchased by a school.
Many authors find that they sell more books on Amazon and are concerned that the traffic driven there is buying the book at a discount and thus the author isn't seeing as much royalty cash from each sale. Although that is true, there are are advantages to selling on Amazon.
I argue that if you are going to try to sell your book to a greater population, you should focus a lot of your effort on your Amazon sales. The reason is pretty simple: People (and I mean just about everyone at some point) buy books on Amazon. As consumers, they are familiar with the format, probably have a gift card from the CoinStar machine at the grocery store or an aunt that they have a few pennies left on, and it is part of their buying pattern. Not to mention the fact that the price on Amazon is lower.
The reduced price may cut into royalties, but, if you can sell more books on Amazon at the discounted price, then you'll be making more money in the end than if you only sold books on Wheatmark's store for full price and sold a third of what you did on Amazon. Right?
There is another element that makes Amazon a great place to sell your book: Functionality.
You can have a Kindle version for sale there, you can have multiple titles that pull together to boost your sales rank, people can leave reviews, and the tagging function also assists with visibility. These are things that are great for marketing.
What the Amazon site can't do is offer bulk discounts, which Wheatmark can. Our bulk author discounts are a great advantage. For example, if you are going to market to book clubs, you could drive the sales to yourself, buy bulk copies through us with your author discount and then sell them directly to the book club and make profit!
You could, of course, only sell through yourself all the time to make the highest profit per copy of book, but then you'd also have to handle the shipping. Trust me, as someone who has to do a lot of shipping, you want to try to skirt that responsibility whenever possible!
Also, we offer discounts on large book orders, like when a university buys a textbook or a book store buys a lot of them, so buying through Wheatmark is a better deal over Amazon or BarnesandNoble.com.
There are many ways to begin making money on your book. The bottom line is to know your goals as an author and to work towards those goals with your marketing. In the end, when you are selling copies of books, it won't make much of a difference where people buy them.
Just sell more copies this month than you did last month and you'll be on the track to success!
Labels: Amazon, author support, book marketing
posted by KatG on 7/16/2009
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