Funny thing has happened of late.
Many midlist indie authors who were ranked fairly well fell into a black hole around the first of the month, and their sales never recovered. A few of my titles did the same thing.
I found it suspicious that all of a sudden, one day, several of my titles could drop from being ranked in the 2000 area to the 6000-8000 level.
Seemed weird to me.
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Equally odd was how several of my other titles could sell 60% less than a few of my fellow authors’ books, and yet be ranked higher. I saw that multiple times. It wasn’t a glitch.
So I developed a theory.
As theories go, it wasn’t much. I posited that Amazon must have changed more than the way free units were accounted for around the end of April. I guessed that they had started basing ranking on dollars, not on units.
That gut feeling has been validated, at least partially. You can see an excellent blog on the topic here. I won’t duplicate effort by belaboring its points. Just read it.
This marks a turning point for indie authors. Amazon’s apparent tinkering with their algorithms has just made the now poor counsel to price your books at .99 a disastrous one. Besides undervaluing your work (unless it’s crap, in which case, you know your work better than I) it is now a recipe for lower ranking, and poor sales. Self-fulfilling prophecy, that.
I have mixed feelings about all this. On the one hand, I believe that the .99 cent thing was a shoddy gimmick and poor branding. And it will now be even worse for anyone who followed the advice, because as I’ve said numerous times, it is very hard to move from being a .99 author to one where your work can command many times that amount. So not only are you now facing the whammy of having to sell 5 times as many books as a $5 book to rank the same (at least on popularity lists – don’t know what the future holds for bestseller lists), you don’t have any pricing power for your work, as you’ve valued it at a third of the price of a cup of big city coffee. On the other hand, I wonder how we indie authors will get any visibility, if Amazon is calculating ranking based on list price, not on sales price, as it would appear they are doing. That gives the trad pub gang, and Amazon’s own trad pub label, a huge advantage, as they can list price a book at $14 even if the actual selling price is $7. If I am correct and that artificially inflated price is the one the algorithms recognize as the “price” of a unit sold, then the game is forever rigged in favor of trad pub books. They will virtually always place better on some of the lists, if not most.
Is this the end of the world?
Not really. It just means that the crack high of free books and boom times from the associated promotions are largely over for indie authors. Because now that Amazon has won the war for market share and dominance, it is going to get down to making money. And a $10 title makes it a lot more than a $3 title. So which would you focus your efforts on selling if you were the company? To me it’s obvious. You go where the money is. Companies are not in business to better humanity or prove points. They are commercial enterprises whose sole reason for existence is to make a profit. I get it.
I don’t think Amazon is targeting indie authors for extinction in any way. I think that many will become extinct as a byproduct of this, though. Which brings me back to my blogs of six months or so ago. About why you write. To repeat myself, if you write because you hope to hit it big, or even make a decent living, you are writing for the wrong reasons, as the odds say you’ll starve. To me, that’s the wrong reason to write.
If, however, you wish to open a self-publishing business, where you create a product you hope to sell enough of to recoup your investment of time and money, and generate a profit, you need to care about these developments, as they radically impact your chances of succeeding. My own company included.
In the end, I think we can safely assume that Amazon will do what’s best for Amazon, just as your company will do what’s best for you. That’s how things work. But if you are still hoping to use last month’s strategy of going free to boost sales, or are thinking that cheap will translate into sales success, you’re badly mistaken, and will learn the hard way.
Or you can read this blog, and know about trends real time. Or at least, as soon as I become aware of them.
Good luck out there. For what it’s worth, I also believe that free is rapidly going the way of the dinosaur. It still has a tiny bit of life in it, but it’s on life support, and I bet it is dead within 30 days. I’ve pulled all but one of my promos for that reason.
Oh, and check out my new boxed set below. It will build strong teeth and bones, and keep Satan from your door. Mostly. Mileage may vary.
As always, if you want the artist’s contact info, drop me a line.
Until next time, go buy a bunch of my crap. Buy two. I need to pay my bar tab.