Okay 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.
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.
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).