My September Love – Double Your eBook Income In One Month

september love 233x300 My September Love   Double Your eBook Income In One MonthOkay so I didn’t actually double my income, but I was up 62% on the previous month overall across all platforms.  And I had my best month ever since starting independent publishing.  Pretty sweet right?

So what’s your secret chickadee?

Well, I haven’t released anything new for at least two months, so I attribute the increase to two things: lowering my prices, and freebies.

Yeah I know, I blogged only two months ago about how I was putting everything up in price.  But I can’t help tinkering and experimenting.

So on a whim, I decided to track my revenue in August and September, changing the prices to see what happened.

In August – my shorts (about 10,000 words with two stories) were priced at $2.99, and the collection (35,000-40,000 words) at $3.99.
In September, I reduced those same shorts to 0.99 cents each (they still contained the two stories) and the collection to $2.99.

In both months the first story of the series was free.

I realize that this isn’t a perfect experiment since I have no way of knowing if September would have been better at the higher prices anyway.  But I doubt it.

In September  (at the lower price) I sold 20 times the amount of books and made nearly three times the amount of money from those books on Amazon.  So, (for me and for these books), the lower prices equaled far more money.

It’s probably a no-brainer that I’m keeping my prices on these low for now.

NanoWriMo

I’ve signed up because I’ve never done it before and I think it will be fun.  50,000 words in one month doesn’t actually sound all that hard to me.  It’s only 1,667 words per day.

And now that I’ve finished one novel (yah me), I know what’s expected.  This novel still needs beta reading, editing, and cover design.  I’ve booked my editor in for the middle of October so I can’t slack around now.

I’m aiming for end of October to get it up because it’s horror and I want to get it up for Halloween.  Fingers crossed I’ll meet that deadline.  I think I can.

Then I’m writing a paranormal erotic romance.  That’ll be my Nano novel.

My schedule for the next six months

October – Finish and get zombie novel live
November – Nanowrimo: write the paranormal romance
December – Non Fiction Business book 2013 version (this shouldn’t take more than one month for research)
January – Revise and Edit both the Paranormal romance & the business book and get them live.
February – Start new scary novel about a killer that infiltrates a mommy & me group
March – Revise & Edit that novel

and so on.

Fun right?!

I need to get my fingers moving so that I can meet my goal of $42,000 for the year because right now I’m nowhere near that.  Massive action = massive reward (or at least that’s what I’m aiming for).

Onward …

Comments

  1. says

    Hi Tracey,

    Congratulations on the sales boost! If you compare it with the previous September, you’ve got an increase of over 577%! Very impressive.
    I hope your sales continue to climb. You are an inspiration to many of us.
    Well done.

  2. says

    Holy smokes, you’ve got guts joining in on Nano! I hope you do well! I’m still madly trying to catch up on the work glut that resulted from taking September off (for my own writing challenge). And I wrote less than 40,000 words!

    I vaguely recall RJ saying something about September being a good month too. But I’m sure it wasn’t just “a good month” that gave you that 62% increase! Looks like the argument for pricing low is getting stronger.

    My dad purchases books without so much as reading the description or reviews- he figures, “It’s only 99cents”. I think there’s a lot to say for impulse buying!

    Give me a shout if you need another pair of eyes on your zombie novel. I’m on the hunt for something decent to read!

  3. Tracey says

    Yeah, I think September must have been a fluke, because October is not looking quite as healthy ;)

    I can’t wait for Nano – since i finished the zombie novel I haven’t started writing anything new and I’m cleaning the house instead waiting for Nov to roll around. Errghg.

  4. says

    Great to hear about your sales increases. Also, thanks for breaking everything down here, it’s really useful to see how your experiments go. I am not so good at testing the different price points etc. I am also planning to join in on NaNo for non-fiction. Should be fun!

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