by Penny C. Sansevieri
Bowker | Tue Oct 17, 2017
If you’re an author marketing your book, it goes without saying that you want to get in front of the right people, or in other words “key influencers.” And, where you find them is just as important as how you reach them. Social media offers an incredible opportunity to connect with these influencers in a meaningful way. And while it’s really common to use LinkedIn and Facebook, the art of connecting with influencers on Twitter can also make a huge difference to your end goals, especially when they retweet your Tweets.
Additionally, Twitter offers a direct, instantaneous link that allows you to take a more focused, more tailored approach. Anytime you like or reshare a Tweet, the person will know, and it opens the door to a great connection. Not only are you exposed to their followers, but as your relationship grows, you will likely see your follower numbers growing as well.
by Brian Jud
Bowker | Tue Oct 10, 2017
Deciding upon the price of your book may have more impact on your sales and profits than any other marketing decision. Yet some authors and publishers determine the price by matching competitive prices, multiplying the unit printing costs by eight, or pricing their book at what “feels right.” Any of those choices may negatively impact your operating income (OI). Instead, base your book’s price on marketing strategy.
Let’s look at the choice of multiplying the unit printing costs by eight. Suppose your unit printing cost is $1.87 (of course, that depends on the quantity printed). Eight times this amount would yield a list price of $14.95. This covers your distributor’s percentage (70%), and even with a promotional budget of $1 per book and could yield $1.61 per sale. At that rate you would need to sell 621 books to generate $1,000 of OI.
by Penny C. Sansevieri
Bowker | Tue Oct 3, 2017
Everyone has a few fears before they publish their book and a big one is fear of what happens next. When I was first published, some 17 years ago now, I recall having nightmares that people hated my first book so much that they were chasing me down the street, throwing copies at me. Seriously. Even now, after 16 books, I still have concerns that each book will be hated. I know I’m not the only one, and I’m sure this fear has meant that a lot of great books never get published.
When authors ask me, “What if they hate my book?” my inevitable answer is “They might. But they might love it, too.” Candidly, there isn’t much you can do to get past the fear except to publish your book anyway. And even if you have written the best book on the planet, someone somewhere will dislike it. It may be surprising to you now, but you may even welcome constructive criticism since it can help you improve in the long run.
by Brian Jud
Bowker | Tue Sep 19, 2017
It is easy to create or buy a list of prospective buyers for your titles. But any list is comprised only of suspects, names of people who might fit the description of those in your target audience. You will waste time and money if you initially treat each as having the same need and desire to purchase your books. But by using a simple technique, you can remove those with no interest in buying your products and devote your marketing attention to contacting those with a higher likelihood of buying.
In this process, you rank potential buyers according to various criteria that you define. They begin as suspects, simply names on a list. Then as you qualify them according to their fit with your criteria, they are either removed from your list, or become prospects. Once they buy, they become customers.
by Brian Jud
Bowker | Tue Sep 5, 2017
It is relatively easy to achieve an indefinite objective such as “increase sales,” but your business will become more successful in the long run if you can be more focused. Instead of simply trying to increase sales, restate your objective to increase your cash flow, build incremental profits or perhaps deplete a large inventory of books.
The distinction is important because each objective requires a different strategy. The journey to achieving any of these goals is made by manipulating the marketing tools over which you have complete control: the price, distribution network, promotion and even the physical characteristics of your books.
by Brian Jud
Bowker | Tue Aug 29, 2017
Did you ever watch golfers look through the assortment of the clubs in their bags before choosing just the right one for a particular shot? Think of the benefits of your content as individual clubs, each to be brandished as circumstances warrant. When your prospects tell you what they want to buy, pull out the appropriate “club” and describe what your content can do for them. Do not use a driver when a sand wedge or putter is the better choice.
by Brian Jud
Bowker | Tue Aug 15, 2017
Every publisher wants to increase book sales through bookstores. However, sales through other retail outlets can also increase the volume and velocity of your revenue. These include discount stores, airport stores, supermarkets, gift shops, specialty stores, pharmacies and many others. Each of these segments has a pre-ordained distribution network, and you must work within that structure to get your book on the stores’ shelves.
Finding the proper distributor is not difficult, although you will have to work with different companies in various segments. But once you have distribution in place, will you be just another one of their clients, or will you make your titles stand out and be sold? Getting its representatives to actively sell your books instead of others requires special effort. Perform properly in four areas and you can increase the number and speed of your books moving through the pipeline.
by Brian Jud
Bowker | Tue Aug 8, 2017
Publishing companies must innovate regularly to create new value for their customers and increase revenue. But innovation in itself should not be the final goal. Not only must you spot opportunities, but you should exploit them so you get paid, too.
There are two kinds of innovation. One is in value creation and the other is in value capture. Many businesses stop the creative process when a good idea is developed, believing that once it is implemented it will generate money. But unless value capture – maximizing the return on your idea – is also implemented, you can leave money on the table.
by Richard Smith
Bowker | Wed Aug 2, 2017
If you’re an author and want to stay on top of the important issues in the world of publishing — issues that affect you — you need The Hot Sheet.
With all the chatter out there, it will help you sort through the noise with stories that focus on relevant topics from across the publishing spectrum. From author success stories to key industry statistics, you’ll find what you need to know in The Hot Sheet.
by Brian Jud
Bowker | Tue Jul 25, 2017
Relying exclusively on revenue from book sales can limit your income. This wall could be reached because of seasonal demand for your content, or your reliance on sales only through bookstores – bricks and clicks. You may have a small target market, inadequate planning or insufficient funds for promotion. The list goes on, but the fact remains that a variety of circumstances can conspire to limit the sale of your books, and subsequently your income.
This concept of multiple sources of revenue does not mean adding additional titles. It implies various ways in which you could generate funds. This can be accomplished through a combination of products and services, such as product sales (line and brand extensions) combined with author extensions (conducting seminars, making personal presentations and consulting) or other activities that stimulate additional cash flow.
