Projections and Goals for E-book Launches | E-publishing | Writing Forum

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Projections and Goals for E-book Launches
February 27, 2012
11:15 pm
Jessie
Pearl City, Hawaii
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When you launch an e-book/when you are doing pre-launch marketing, how do you set sales goals and how do you make projections.

Because keyword research figures aren't the whole story. You have your platform to take into account.

How does it all shape your marketing plan?

And, final in the series of questions, how do you deal with e-books that are there to produce income and build up a currently small platform?

I have been doing pre-launch marketing on a large scale for an e-book I will be releasing, and I have a relatively small platform as I am just emerging in the market. I set what I would consider an ambitious sales goal for my first month. I believe that with my marketing plan and my ever-growing platform,growth, it won't be easy but I can get there. Hey, as long as I make sales, I feel that I have succeeded, or at the very least not failed, if you know what I mean.

Excited to hear your thoughts.

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February 28, 2012
7:53 am
Jennifer Mattern
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I don't generally set month to month sales goals for my e-books. Then again, I don't heavily promote them. I tend to let word of mouth marketing do most of the work. That won't always be the case. But they've sold pretty well that way for me. The thing is, I tend to think of them as a blog monetization stream more than independent income sources. So I focus my promotional work on the blogs, and the blogs in turn build the audience and sell the e-books.

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Jennifer Mattern – Professional Blogger and Freelance Business Writer Business Writer  |  Indie Publishing   |  Social Media  |  Small Business
February 28, 2012
9:09 am
Elafont
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When I first started, I set sales goals, but it doesn't make sense to do so (to me). I mean, I can control getting the book out, and I can control promoting it, but how in the world can I control how many people click to buy? And what does it prove if I miss a goal--that I was wrong? That the book sucks? That my marketing is ineffective? That people don't have money or aren't interested in what I'm saying? All of the above? None of the above? 

 

I'd much rather focus on what I can control--getting the word out and writing the next book.

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February 28, 2012
9:33 am
Jennifer Mattern
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I don't see a problem with setting sales goals in and of itself. It just doesn't always make sense. For example, I have a platform where word of mouth works. Not everyone does. You (Ev) focus on fiction. Maybe that tactic makes less sense for authors of fiction whereas a nonfiction author might have more hard stats to pull from when setting goals (easier to say XXXXXX people have some disease and are therefore in the market for a book on the topic than to try to pinpoint who exactly reads one genre or another, or books that might cross genres).

I don't know. I'm just hypothesizing. I imagine I'll set sales goals for my nonfiction book even though I don't for the shorter e-books. But it will be less about agonizing over specific numbers and more about tracking the trends and aiming for improvement (and later knowing when it's time to update the info or put out a new version to get sales back up).

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February 29, 2012
3:44 pm
Jessie
Pearl City, Hawaii
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Not the responses I was expecting, but definitely some helpful and spot-on points, ladies.

Jenn, my question for you then: you've discussed how low-pay ruts can be beat with e-book sales, and talk about setting sales goals of 100 e-book sales. What do you suggest to those low-pay in a rut writers who need to make those 100 sales for ensuring that they create a marketing plan that can get them to at least 100 sales? Other than smart marketing that builds demand up before a launch (not write, then market) I am curious as to what you would suggest.

And anyone for that matter.

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February 29, 2012
5:44 pm
Jennifer Mattern
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I'm not sure where the 100 number came from, as I haven't written about e-books here in quite a while. My best guess is that I would have used it as an example (such as selling 100 e-books could earn you more than you'd make writing the same amount for low paying clients or content mills). But I wouldn't say 100 should necessarily be their goal. I'm not in the position to tell individual writers what their goals should be. That would depend on their niche, the size of the market, their pricing strategy, and numerous other factors. 

The main thing is just what you said. You should have demand before you release an e-book. If no one would pay for what you have to say about a topic, you can set all the goals in the world but you're going to struggle to reach them. Platform first. After that, you have to customize your own marketing plan. I gave a few examples of tactics they could try to use in this post.

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Jennifer Mattern – Professional Blogger and Freelance Business Writer Business Writer  |  Indie Publishing   |  Social Media  |  Small Business
March 1, 2012
2:45 am
Jessie
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Ooh, it had been a while since I read that post. Thanks for sharing.

I was referencing this post re the 100 e-book goal. And it was an example. Was just looking to pick yer brains (and all AFW members' brains) on e-book prelaunch marketing.

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March 1, 2012
8:00 am
Jennifer Mattern
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Haha. Just found an lovely typo in that one. Old posts are always fun. ;)  I swear some day I'll actually have time to go back over all the old posts to clean them up. 

Almost everything you do pre-launch is technically a part of platform building anyway. So I'd say check out 30 Ways to Build Your Writer Platform too. It's for freelancers, but all the tips there could apply to authors as well. 

Was there anything specific you were curious about?

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Jennifer Mattern – Professional Blogger and Freelance Business Writer Business Writer  |  Indie Publishing   |  Social Media  |  Small Business
March 1, 2012
3:11 pm
Jessie
Pearl City, Hawaii
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Woman, when will you make time do that? You have so much on your plate already. Your best bet is an affordable proofreader to sweep through it :-)

 

I think that is pretty good advice, there. Platform building and e-book pre-launch marketing are kissing cousins! Without the creepiness or the awkward family reunions.

 

I guess I was pretty much looking for any tips on gauging and predicting what kinds of sales numbers you can expect with what kind of exposure…but beyond knowing your traffic and conversion rate, there isn't much more to know! A lot of this marketing stuff is just planning really well what poo you fling everywhere, isn't it?

 

In all seriousness, the numbers interest me but I don't need to try and pin down what just can't be pinned. I assume that sales data from a few months with continued marketing is the best method for predicting continued sales numbers, although there is the fact that there are only so many people in your target market, and eventually (dare I say) you may reach them all and then there's no need for more sales because everyone already owns your e-book. Guess that means hoping that more people will enter your field/target market…but that just loops all around to all the market research you would have done before marketing or writing anything. 

 

I just made myself dizzy…

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March 2, 2012
5:28 am
Jennifer Mattern
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It's just a part of the business. I'll get to it eventually. And hiring a proofreader wouldn't work. A lot of them need formatting clean-up more than anything, plus most of the old ones need proper meta data added for better SEO. I go through them now a few at a time based on popularity (so the posts getting the most visits get cleaned up first). 

As for sales figures, your best bet would be to track down sales numbers of similar books. But with e-books (especially in the information product e-book market -- like the nonfiction ones I write), there aren't good stats available to the public. In that case, you can always see if similar authors have shared sales numbers on their blogs. But if you do look for that kind of information, I'd focus on authors in a similar place in their careers. For example, there's no point setting goals based on what a bestselling author did if you're brand new. You're not going to have their reach or marketing budget. So the numbers are moot. 

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Jennifer Mattern – Professional Blogger and Freelance Business Writer Business Writer  |  Indie Publishing   |  Social Media  |  Small Business
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