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We're away enjoying the Christmas and New Year festivities, but we'll be back with a new blog on 4th January 2025.
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 Is it worth Indie authors entering book award contests? If I tell you that none of the book marketing gurus suggest it as a way of marketing books, then you can probably guess the answer. If book awards/contests sold books, then the marketing gurus would be all over them. The biggest awards, eg The Booker Prize or Pulitzer Prize, sell a lot of books but we’re talking about Indie authors here and none of us are going to get close to a nomination for those levels of awards! But even those levels of awards don’t sell more books for many of their nominees. We can probably all name a Booker Prize or Pulitzer Prize winner, but how many people can name the runners up? Even fewer people can name any nominees? At the most basic level, book contests appeal to the vanity of authors. They say “you know your book is good, so why not come and claim your prize, because winning is a foregone conclusion.” Well, get over yourself. It is readers who decide if a book is any good, not authors.  But I guess all Indies feel tempted to enter book contests from time to time, on the basis that being able to claim that your book is a prize winner will sell you more books. However, sales data doesn’t back that up. Data suggests that being able to put “Winner of the (whatever) Book Award” in your book blurb has very little impact on sales. Being able to put a good quote from a reader’s review in the blurb is far more effective., OK. Maybe winning an award might sell you a few more copies, but what are your chances of winning? The websites that run these awards are businesses and they make money from them, so they want as many entrants as possible. Entry fees can range from as low as $20 (£18 approx) up to several hundred dollars. So, it can be a big money earner for the websites. Let’s say that they manage to attract 1,000 entries. The only books that the readers may be interested in are the winners – or at least the top three. So, you have something like a 999 to one chance of your book winning.  I wouldn’t back a horse at those odds – would you? All the other entrants remain unknown to readers, even if they get a place on the website. They just get lost amongst the other 1,000 entrants that the website attracted to enter the contest. OK, some contests award prizes for the best books in a range of genres. This makes it more likely that an author can win a prize, especially in a niche genre. There are generally recognised to be around 50 genres* (publishers disagree on how many exactly). If you rule out non-fiction, the number of genres shrinks considerably to around 30. But let’s stick with 50. So, 50 winners, and another 100 in second and third places. Add in the overall winners and runners up and that gives you 153 prize winners. But that still leaves 847 entrants without anything to say on their blurb despite having paid their entry fee. And a lot of book contests are considerably bigger than 1,000 entrants, so the probability of winning a prize gets even more remote.  There are book “contests” which, if you pay a large enough entry fee, you are guaranteed to win a prize. You are buying the prize, not winning it.
But readers generally aren’t fooled by those. If they haven’t heard of the prize, they won’t be suckered in by a fake like that. OK, at the end of the day it’s your money. If you want to spend it on entry fees for a book awards, real or phoney, that’s your business. But in terms of increasing sales, you would be better off putting that money towards an advertising campaign. The probability of increasing sales is considerably higher. * Genres are different from book categories. Amazon has thousands of book categories which are created by slicing and dicing the main genres until they are so niche that some have hardly any books in them.. Genres can often be subdivided, eg Fantasy alone subdivides into a dozen different sub-genres, but the overall genre is still fantasy and that is the level at which book contests award prizes. After all, they want to hang onto the entry fees, not pay them out by awarding lots of prizes. If you have enjoyed this blog, or found it informative, then make sure you don’t miss future editions. Just click on the button below to sign up for our newsletter. We’ll even send you a free ebook for doing so.  I have always believed that everything we use in our lives can be used for more than one purpose. A screwdriver is great for driving screws, of course, but it can also be used as a lever to get the lids off of paint tins. And the same applies to the Bookfunnel website - not the paint tin thing, but other book marketing purposes. Many Indie authors will be familiar with Bookfunnel’s original purpose, which is to deliver free content to readers in exchange for their email addresses. It is a vital tool for people trying to build email lists. It can also be used for delivering free content to existing email subscribers and ARC* readers. So, it is already a multipurpose tool.  But did you know you can also use Bookfunnel to sell your books, using the power of “group promos”? And, importantly, if you are already a subscriber it won’t cost you a penny. In terms of advertising, it works out as a really cheap option. A Bookfunnel subscription costs about $10 a month, which you can easily spend in a day advertising on Amazon or Facebook. First I need to explain about “group promos”, for those of you who aren’t familiar with Bookfunnel (if you are, then please feel free to skim over this bit). Basically, you sign up to a group promo by uploading some free content (novella, short story, or a complete book) to Bookfunnel. You create a landing page for the book and then you join a group, usually one that is relevant to your genre so that the free content goes to the right sort of readers – the sort that read your genre and that you want on your email list. Once you have joined the group, you promote the offer on your social media and using your email list, while the other group members do the same. Your content then gets downloaded in exchange for a reader’s email address and that way you can build your list much quicker than you would by relying on organic growth.  A good group promo could get you as many as 50 new email addresses, though the average is a little lower. Now, substitute “sales” for email addresses. Is making 50 additional sales something in which you would be interested? Stupid question – of course you would. Well, Bookfunnel is there ahead of you. As well as what they call “newsletter swaps”, which build your email list, you can also join “sales swaps”. The basics are the same, upload your book, create a landing page and join a group promo, but one that is focused on sales instead of newsletters. The main differences is that you create a sales landing page and add a universal book link so that the “call to action” button takes the reader to the sales page for your book: Amazon and/or wherever else you sell it. The other difference is that the wording of the promo header makes it clear to readers that the books have to be paid for rather than being downloaded for free (though you can also offer free books).  Just as with the newsletter swaps, you promote the group on your social media and to your email list and the other authors in your group do the same. What are the numbers like? Well, typically a group promo of that sort will be made up of between 10 and 20 authors. We’ll stick with the lower figure so that our estimate is at the conservative end of the scale. If each author has 100 people on their email list, that’s a potential reach of 10,000 readers of your genre. And that’s before you factor in the group's combined social media reach on top. In reality the email lists are likely to be much larger (possibly 1000s of email addresses per author), so the actual reach of the promo is probably going to be considerably higher. All that exposure costs you nothing. Joining the group costs you nothing. Joining Bookfunnel does require you to pay a subscription fee, but if you already subscribe then that is a “sunk cost”. In other words, you have already paid your money, so you lose nothing, but you stand to gain a lot.  Other than their cheapness (you can’t get cheaper than free) there are several other advantages to using these swaps that you don’t get using other advertising methods. 1. You are targeting people who read books in general, but who also read your genre specifically. 2. You don’t have to spend time researching keywords or comp authors, which you do for a lot of ad platforms. 3. Readers are used to getting emails from the authors, so they open them (well, most do anyway). As all Indie authors know, January is a slow month for sales unless you write self-improvement books (people who believe in “New year – New me” buy a lot of self-improvement books in January). Everyone is strapped for cash because of Christmas, so they don’t spend much money on books.  But that doesn’t mean there is no book market. You just have to go looking for it. Many people get new Kindles or other ereaders for Christmas, so they are looking for books with which to load them up. And people who like reading will still buy books – if they are cheap enough. So, it’s a great time to run a Kindle Countdown Deal, especially if you write series. Set your series starter to 99p (99c) (or even free) and use a Bookfunnel sales promo to advertise it. You can pick up a whole lot of new readers without having to spend money on advertising, so your financial risk is zero. Just for a change you aren't paying to give soemthing away for almost no return. You can promote full prices books, but this does work best if you are offering free or heavily discounted books. And even if you don’t get sales, you are likely to pick up new readers through KindleUnlimited if your books are subscribed to Kindle Select.  Pro tip.
Email lists cover a lot of territories where you can’t run Kindle Countdown Deals, and you are limited to running them in 2 territories at a time anyway. That means that the readers in many territories get starved of bargain books. Canadian and Australian readers will be jumping up and down shouting “That’s us. We don’t get them” right now and those two countries have big book markets. This is your opportunity to get readers in those countries on board because email list are often international, but you will have to adjust the price of the book manually in the KDP price settings. Remember to do that a couple of days before the start of the promo, because it can take a couple of days for price changes to filter through the system to reach all available territories. And don’t forget to adjust the prices back to normal after the end of the promo. You don’t have to be on Kindle to make this work for you. So long as you can use a universal book link to take the reader to the right place to buy your book, you can use these swaps. So, if you are already a Bookfunnel subscriber, what are you waiting for? And if you aren’t a subscriber, this is another reason for joining. * ARC = Advance Review Copy – a book provided for free in advance of publication, in exchange for a review being posted on Amazon/Goodreads after publication.. If you have enjoyed this blog, or found it informative, then make sure you don’t miss future editions. Just click on the button below to sign up for our newsletter. We’ll even send you a free ebook for doing so.  Are you familiar with SMART objectives? They were a big thing back in the 80s and 90s and emerged from the bad habits of bosses, who set their staff objectives without making sure that the objectives were actually achievable. For example, if you were my employee and I were to set you an objective of painting a wall, you would expect me to provide you with paint, brushes, maybe a ladder and possibly even training in how to paint walls. Sad to say, back then not all bosses saw things that way. They would just say “paint that wall” and expect the employee to do it without further input from them. Consequently, objective setting had a very bad name, and a lot of objectives were never achieved. This had a very poor outcome for businesses that were relying on the achievement of those objectives to make them profitable. The reason you don’t hear about SMART objectives anymore isn’t because they are no longer set, it’s because the setting of them is so routine that no one bothers to call them by that name anymore. Now it is just called objective setting (or goal setting). Why should you, as an Indie author, be interested in SMART objectives? Well, if you are one of those people who think in terms of the process of either writing a book or marketing it, then setting SMART objectives is very much a part of that process.  Because if you don’t set them for yourself, you could end up in the same position as the person who has been told to paint a wall but hasn’t been given the paint and brushes. So, what does the acronym mean? S = Specific. M = Measurable A = Achievable (or attainable) R = Relevant T = Time based (or bound). So, let’s unpack those in terms of what you need to do as an author. I’ll be addressing this from a book marketing perspective, but exactly the same principles apply to setting yourself objectives as an author who is about to start writing a book.  SPECIFIC This means that the objective describes exactly what you are expected to achieve. So, you wouldn’t say “sell some books” because that is too vague. Instead, you would say “Sell 100 books”. But we can probably make the objective even more specific when we start to include the other elements from the acronym.  MEASURABLE In essence I’ve already included a measurement in there by saying “100 books” – but that is the end goal. To make sure that you are on the right track and making progress, you might want to break that measurement down into smaller chunks. Perhaps measuring once a week to see how sales are progressing. There may also be other measurements to be carried out, such as the amount of budget that is spent each day, week or month to achieve the objective. That is very important if you happen to be short of cash. Failing to set measurements of success mean that the objective becomes vague and open to interpretation. You can actually let yourself off the hook. As you are doing this for yourself that may not seem important, but it can mean you don’t achieve what you set out to do because you weren’t sure what you expected the outcome to be. Your measurements also need to have targets that are comparable to what others are achieving. So, as a first time author, how many books can a first time author expect to sell? There is no point setting a target of 1,000 books, if first time authors almost never achieve that level of sales. You will just end up feeling frustrated because you failed to hit the target.  ACHIEVABLE This is where we get into the allocation of resources to achieve the goal. If you have been trying to sell books for a long time and made no progress, then you will have to do something different and that means learning what to do. So, you may need training in order to make your objective achievable. That may mean that you need a budget, because training can cost money (yes, I know there is free training available, but we’ll assume that isn’t going to be sufficient). But you may also need a budget to pay for things such as new book covers. You may also need to advertise, which also requires a budget. So, this “achievable” word is probably the one that is most important in setting goals and objectives, because without the right resources to back the objective up, it isn’t going to be achievable..  RELEVANT This also harks back to the bad old days when some bosses would set an objective that the person carrying out the work didn’t think was relevant to their job. Now, if you are a painter and decorator, then telling you to paint a wall is obviously relevant. But if you are an accountant then it has nothing to do with your job. Studies found that people who were given objectives that they didn’t consider to be relevant to them, didn’t put much effort into achieving them. If they did consider they were relevant, however, they would put in a lot of effort. As an author you might have to consider what is relevant to you. Maybe you don’t think that marketing your book is relevant. But if you aren’t going to market it – who is? So, if you don’t think that marketing is relevant to your job as an author, how are you going to achieve that objective of selling 100 books? It can be done, but you would have to pay someone else to do it for you – which takes us back to “achievable” and the allocation of resources to pay someone else to do the work.  TIMEBASED Again, harking back to the bad old days, some bosses would set an objective and not set any date by which it had to be achieved. Was it high priority and had to be completed by the end of the day/week/month? Or was it low priority and didn’t need to be completed until the end of the year? So it is with your objective to sell 100 books. Do you want to reach that figure by the end of the month, in 3 months’ time, 6 months, a year? This ties in very much with measurability, because the longer the timescale you set for yourself the more measurement you will have to put in to make sure you are making progress. It also ties in with resources, because if you have set the target for your objective to be completed in a year, then the budget has to be capable of lasting a year too. There is also the question of achievability. Just because you set your objective to sell 100 books by the end of the month, it doesn’t mean it will be achievable by then – especially if you don’t have other essential resources such as knowledge and budget.  PUTTING IT ALL TOGETHER I think I have demonstrated that all the elements of a SMART objective have to be integrated, so that they all work in harmony with each other. It doesn’t matter how relevant the objective is, if it doesn’t have the resources that are necessary it won’t be achievable, for example. If it doesn’t have the right measurements taken at the right time, you won’t know if you are succeeding or failing and if you are failing, you may not know why you are failing. Going back to that original objective of “sell 100 books” we would now re-write it as: “Complete an on-line book marketing training course then sell 100 books within a period of 30 days, commencing immediately on completion of the course but before 31st December 2024, while remaining within a budget of £100.” OK, it doesn’t exactly trip off the tongue, but it does contain all the elements of a SMART objective. It doesn’t make the relevancy of the objective clear, but as you are an Indie author responsible for marketing your own books, I think we can agree that relevance is implied.  Now, you may wonder why I have gone to the trouble of explaining all this in a blog dedicated to writing and book marketing. The answer is simple. Many of the questions I see on social media about people floundering around with their writing or their marketing, come down to the fact that the person hasn’t followed the SMART principles. Because SMART objectives feed into SMART planning. All that means is that once you have set your objective, you can create a plan for how to achieve it. And a SMART Plan takes into account all the elements of the SMART objective. If you don’t have a plan, you don’t know what you should be doing, or when you should be doing it.  The number of people I see posting questions on Facebook writers’ groups that start by asking “When should I start doing … (whatever)?”
Sadly, the answer is often “3 months ago mate!” By starting with your SMART objective and creating a plan to achieve it, you can then measure progress towards completion. As has been said many times before “Fail to plan – plan to fail”. Just creating a plan is an objective in itself, because some people have never planned a single thing in their entire lives. Someone else has always created the plan for them and they have just done what they were told, when they were told. I’m not ashamed to admit that the first time I was asked to plan something, I had absolutely no idea how to go about it. It was a hard learnt lesson and one I have never forgotten. I’m not going to pretend that all my plans worked seamlessly, but in general they have a high success rate because I have had to consider all the things that make the plan achievable. And if I am unsure about achievability, I can ask myself what I need in order to make it more achievable so that I include those in the plan too. If you have enjoyed this blog, or found it informative, then make sure you don’t miss future editions. Just click on the button below to sign up for our newsletter. We’ll even send you a free ebook for doing so. |
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