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The Book Sales Marketing Catch-22

So here is the thing about the online book sales industry, specifically ebooks. If you are unknown author with no reputation, you really need to advertise in order to overcome one serious disadvantage.

  • Nobody knows who you are.
  • Nobody has read your books.
  • Nobody has reviewed your books.
  • Nobody is buying your books.

Now you might think "Wait, that is 4 things!"

Except it isn't. This is a Catch-22 situation. That makes it a singular problem.

Authors who self-publish are stuck with the current system. They post ebooks on Amazon Kindle (and/or Kobo), and then nobody reads your books unless they buy them, and nobody buys your books until they read a review, and nobody reviews your books unless they already read it. It is the old 3-way catch 22.

To make matters worse, nobody knows who you are so they are really taking a chance at wasting their money when they buy your book. And even if a random person does take that chance, there is no guarantee they will post a review.

So how do you get out of this situation you are in?

#1. Paperback Publishing

It would help if you were actually published by a conventional publisher. Having physical books to sell certainly would help. You could do book signings at local bookstores. If your books later become more successful you could travel to various English speaking countries and do book signings overseas. If you became really successful (like George R. R. Martin or J. K. Rowling) you could even end up doing book signings in non-English countries because your books have been translated into other languages.

But lets not get ahead of ourselves here. Getting a conventional publisher to even sit up and take notice of you is a difficult task by itself. So for the remainder lets assume you are happy with online publishing instead.

#2. Self-Marketing

You really need to advertise and market your work. For many writers this means they are self-marketing, which is often poorly done and it will feel very defeatist if they spend a lot of time marketing themselves but don't get any actual sales. eg. Lets say they only promoted themselves on Facebook and Twitter, didn't really know what they were doing, and ultimately just wasted their time on social media.

If you do decide to do Self-Marketing, you should really track the number of hours spent doing this and calculate a "wage to yourself". eg. $15 per hour, to give yourself an idea of how much time you are spending by giving that time a monetary value.

#3. Hire Someone Else

You should seriously consider hiring someone else to do your marketing for you. eg. designSEO.ca. This saves you time personally which is better spent writing or spending time with your family, and it allows you to know that your marketing is being done by a professional. Now this doesn't mean you should cease self-marketing, by all means you can and should continue to self-market if you have extra time to do so.

All of this ultimately means you should decide what kind of budget you want to spend on advertising. See below.

#4. Annual Marketing Budget

Your annual marketing budget should be tied to your sales, but since you have zero sales during the first year you have to make a gamble. All advertising is effectively gambling. So what is a good amount to start with?

Well, lets answer this question by asking yourself: "How much money would I hope to make in my first year of advertising my work?"

If your answer was $2000, you should probably set a budget of $666.66. For the sake of even numbers we shall say $660. Roughly one third of your hopeful payout during the next year.

$660 should be more than enough to get 22 good quality links on various websites, at a rate of $30 per link. For best results the links should be accompanied by honest book reviews (hopefully also positive book reviews). You really should not be paying for a book review / advertising that is anything less than 4 stars out of 5.

Notice also that this method of budgeting scales based upon your income in the future. If you are making $200,000 per year, you could in theory spend $66,660 on advertising the following year... but by then you probably don't need to. You could spend perhaps $20,000 to to $50,000 per year on advertising and be quite content with your results. You might eventually cease advertising entirely, relying entirely upon the fact that you now have some name recognition.

#5. Judging your Results

If you manage to make anywhere from $650 to $2000 (or more) then your marketing campaign was technically a success. You might have only roughly broke even if you got less than $660, but the marketing campaign is technically working. The 2nd year you might make $1300 or more and the 3rd year you might make $1950 or more. So while that isn't the amount you hoped for, it is still technically progress as you build name recognition online.

If you made $200 to $650 then clearly the advertising is working, but not as effectively as you might have thought. You need to retune your advertising to make it more effective. This doesn't mean you should stop completely, it simply means you need to figure out what is turning away customers. Is your book cover depressing? Is your plot boring? Something is wrong and you need to rethink and retune.

If you made less than $200, something is definitely wrong. Rethink everything. Take a hard look at everything, ask other people what they think you might be doing wrong, and take their advice seriously.

#6. Evaluate your Marketing Strategy vs Success

Even if you are succeeding in your goals, you should also pause to reevaluate what is working and what is not once per year. You may have learned new ways to market more effectively and then implement them. If you have hired someone else to do your marketing for you, then this is a good time to sit down with them and have a friendly chat about the best ways to make improvements.





Notes

Book sales are not the only industry that can benefit from this style of budget marketing. For example, if you were a professional painter and making $30,000 per year, you might consider spending $3000 per year on marketing your work.

The difference is that a painter wouldn't be spending that $3000 on online marketing, they would instead be spending it on gallery shows. Having an one week gallery show might cost $600 to $1000, so depending on what they are doing they might be having 3 to 5 shows per year based on that budget.

The more gallery shows the artist has, the more famous they become - assuming their paintings are good - and consequently the more sales they get, and the higher prices they can command. The beauty of gallery shows is that buyers go there, look at art, can see the physical art piece, and if they really like it then they purchase it. Some art collectors will even purchase art pieces as investments, knowing that if an artist is more famous that they can resell the art piece later on for a hefty profit.

The names of the artists below aren't particularly famous, but their paintings are still priced at $8,300 and $12,000. So even lesser known artists can command some serious prices.

Duane Nickerson's painting for $8300.

Jennifer Walton's painting for $12,000.

Michael Snow's poster - Not for sale. I included this for fun because Michael Snow is actually very famous. His works are usually in museums. This is just a poster however.


Canadian Organized Crime Vs Canada’s Anti-Spam Legislation

This is actually an older post from 2014 which was published on a different source. A source that is no more, as the website it was published on has been deleted.

I am therefore reposting it here.

Canada’s Anti-Spam Legislation

Did you know that amongst the many activities run by organized crime, one of them is running spam and scam operations?

That means if you get spam from a local source and it looks fishy then it probably is the mafia that is running the scam. eg. If you receive a fake email from the Bank of Montreal asking you to login in to your Bank of Montreal account via a third party website, that website is probably owned directly or indirectly by a member of the Montreal Mafia.

In other words the Rizzuto family. Or people working for them.

Those scammy emails that are pretending to be from something else, often a bank or other financial institution, are what is known as “phishing attacks”. They are phishing for your private banking information in an effort to get into your bank account and then steal your money.

It is that simple. Fake website that looks like it belongs to a bank. Fake email pretending to be from the bank asking you to login. You go to the website, they record your data, within 5 minutes your bank account is cleaned out and all your money has been wired to an off-shore account.

Now there are a variety of other scams out there. You are probably already familiar with the cheque scams, the Nigerian Prince scams, the lottery winnings scams, and so forth.

They all have a different angle. Your bank information, your credit card info, possibly even after your passwords for different social media websites because sometimes people use the same passwords for their bank accounts.

Right: Canada Anti-Spam Legislation meeting in Toronto 2014

The good news however is that the Canadian government is now starting to fight back.

Canada’s Anti-Spam Legislation (CASL) will go into effect on July 1st 2014 and will result in 35 federal investigators going after Canada’s biggest spam offenders, toppling over the biggest spammers in Canada like dominoes and slapping the big offenders with fines of up to $10 million.

However when it comes to phishing attacks run by the Montreal Mafia I am worried CASL will come up short. After all, its the mafia. How are they going to catch a gang of thugs which have been running illegal operations for decades and rarely ever get caught by the police?

Case in point the Canada Revenue Agency (CRA) years ago tried to collect on taxes owed by Vito Rizzuto, the godfather of the Montreal Mafia. Instead of receiving money CRA somehow mysteriously wrote the crime boss a cheque giving him more money – an incident which has since been reported by employees at CRA as highly suspicious as to how the crime boss managed to rob the Canada Revenue Agency of thousands of dollars.

Thus if the Canada Revenue Agency cannot catch these crooks, what makes the CRTC (the government regulator which will be in charge of enforcing CASL) think they can catch them?

Sheer gall?

I don’t think they will. I would LOVE it if these crooks were caught (and so would Canadian banks), but I don’t think it is going to happen.

Earlier this morning I went to a meeting in Toronto organized by Vigorate Digital to talk about the new anti-spam laws. Vigorate Digital does email marketing in Toronto and is therefore one of those squeaky clean companies which wants to go on being squeaky clean by upholding the new laws.

Right: I went to the meeting with my colleague Robert Campbell, who works in online marketing.

During the meeting I was handed the microphone and I asked several questions, basically whether political parties would be exempt from the new laws (which they unfortunately are, and I think they should not be because I feel they should still be forced to use an “opt in” / consent system), and I asked how would these new laws be enforced?

And the speaker explained how the CRTC will dedicate 35 federal investigators to finding the biggest spammers, going after them financially with fines of up to $10 million, and so forth.

Which to me means that the mafia run phishing operations will be unaffected because they can simply drop out of sight, use off shore bank accounts, refuse to pay the fines, and so forth.

The CRTC would need to prove an electronic paper trail going back to the mafia in order to actually catch them and convict them of breaking Canada’s spam laws – let alone convicting them of fraud, theft, etc.

And on the rare case, recover money defrauded from people’s bank accounts due to large scale spam operations.

Conclusions

I think CASL is a step in the right direction in cutting back on spam, phishing attacks, scams, and so forth – but I think the CRTC will want their investigators to be carrying firearms if they are going up against crooks like the Rizzuto family.
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