Further to the epic rant I shared last week, I listened to Mark Dawson’s interview with the mysterious Data Guy this morning. I got up at 4am, drove to the city to drop off my husband to the bus to Canberra (where he has a course this week, so has to start early), went back home (still very dark), walked to the gym (scared the bejesus out of a possum in the dark, or maybe it scared me), where it was still very empty at 5.15am. I always listen to podcasts at the gym, because gyms are boring and I can learn something while I’m there.
An interview with Data Guy is a real scoop for the show. I guess Mark knows who he is, but we’re all speculating. In short, every three months, he rents hundreds of servers for an hour or two and they crawl across the entire book section of whatever site he chooses (mostly Amazon US, but he’s done others) and collect publicly visible data. Title, author, publisher, ranking. He does this for an ever-increasing portion of the books for sale. He uses this data to create an immediate snapshot of the industry. The book industry at large is now beginning to see the value of this, because all of the data they can collect does not offer them as complete or immediate a picture.
Data Guy writes the quarterly Author Earnings reports together with Hugh Howey, and these reports give a lot of insight into what’s happening in the book industry. Too much to mention here, but everyone should read them, whether you have a publisher or are self-published. If you’re really keen, the data is publicly available, so you can download it and play with it.
Back to the podcast.
Apart from all the things I mentioned in the rant from last week (people don’t use ISBNs and those books are not counted; people buy even their print books online), I’d like to highlight this quote from the transcript (bolding mine):
Is there a particular area do you think you could point people towards they should be looking at?
Absolutely, and that is marketing and advertising. What is conventionally understood by traditionally published authors to be important absolutely isn’t. Newspaper and radio ads, book signings at the occasional book store, they’re fun. They are enjoyable. I’ve done them. I’ve really enjoyed as an indie author signing at Barnes and Noble. But 70 books in a day in print, where you basically earn very little with your POD books, is not comparable to selling 1,100 or 2,000 books in a day, which is what you can do with an online promotion without too much difficulty if you plan it right. Focus the energy on what works today.
Yet, I see authors getting hung up on in-person sales, signings, presence of their books on shelves, con appearances etc. every day.
This stuff is FUN. It strokes your ego. For sales, it does diddly squat.
Next month, I’ll go to Supanova on the Gold Coast. It’s a tax-subsidised holiday. That’s it. It’s fun. Yet at these events I meet people who don’t even have ebooks. Or who have their ebooks farmed out to daft third party joints that are inflexible and expensive.
Selling print books at stalls or signings is successful when you sell 50 books or more. During my biggest sales day online, I sold 3046 books. In a single day. I can go back the next day and sell 1000, and the next day, and the next day, and…
Ebooks, online, that’s where it’s at. That’s where you should advertise.
Yes, it was still dark when I got home at 6.30. The possum was gone because the rubbish trucks were prowling the streets. We need the end of daylight saving, please?