I've marketed and sold 400+ copies of it at $19 so far and about to raise the price to $39, near 100% margin minus stripe fees.
What stops authors doing what I did? Plenty of people want to read, to blame lack of readership is just completely wrong.
I've marketed and sold 400+ copies of it at $19 so far and about to raise the price to $39, near 100% margin minus stripe fees.
What stops authors doing what I did? Plenty of people want to read, to blame lack of readership is just completely wrong.
Imo marketing is the biggest road block.
I basically gave bits and pieces of each chapter away as content - then funneled interested readers into DMs and profile visits with link to my ebook.
Rarely makes good products.
Because for three months of writing and it sounds like numerous hours of marketing you’ve made almost $8000. While I imagine that puts you ahead of the curve for the average self published author, The hourly return on investment sounds pretty low, especially for a job that sounds marketing heavy, which is not everyone’s cup of tea
But through this process I've
- gained an engaging audience on X - multiple inbound leads that turned into long term collabs - a discord community of my best readers where we meet once a week
Worth the investment
Congratulations, you're a massive success as an author, having sold more than most authors will. That's amazing.
But consider that most authors have no interests in writing business / self help books, and most who do still fail spectacularly because having success with those kinds of books tends to happen primarily if you already have an audience and a track record in the field you're writing about. E.g. the perceived value of your book is 99% your story about your track record, and most would-be authors don't have that track record.
Thank you.
So just to clarify I didn't have an audience when I wrote the book. I took the time and told people my story over the past 6 months, and while I did that - sold books.
I think good storytellers should be able to build an audience regardless of the format - highly recommend any aspiring author to try it.
Getting people to take unknown fiction even for free is an uphill battle.
Stat seems like only 15(?) authors on substack makes $1,000/m or more. Which is wild.
No offense to you, I want to like what you're offering, but I can't excuse it. Do you have a PDF of the first chapter or the intro at least? I want to see a bit before I send you 20 bucks.
Send me an email, I'll share you the first chapter
Is it just an ebook?
Do you sell paper bound? If so what service are you using? Would you recommend it or choose differently next time?
No paper.
I write in notion, export to markdown, then compile to pdf / Epub with pandoc
It's super easy, highly recommend