I received an email asking if I would consider putting my boxed set of five book as a Kindle Monthly (or Daily deal). I agreed, and it started today at $1.60 and will run from Oct 1st to Oct 31st..
My question... Please, someone tell me this was a good idea because it was selling fine at 6.99, and it really hasn't done anything at $1.60! If this goes on for a whole month, I'm going to lose thousands. Don't suggest I somehow get Amazon to drop the deal, because I already agreed to it, so there's not much I can do there.
I guess I'm looking for reassurance. I've seen a lot of single books, but only one other boxed set as a Kindle Deal. Anybody have any experience with being a monthly deal? Did it have a slow start? Is there anything I can do help it along? It's already had a BB ad so that wouldn't work (and it would be more money out of my pocket.)
I'd always heard great things about being chosen for a Kindle Daily or Monthly deal. Am I going to be the exception???
Thoughts or experiences?
Thanks for anything you can add.
(writing under the name Mary Jane Hathaway)
You can only lose thousands if you were earning thousands up to this month. Were you? (If so, I don't think many people here are qualified to give you advice!)
Amazon has so many deals that I'm not sure this is the same one, but is it being offered free to Prime subscribers? If so, the payoff is in sales ranking, because every one of those freebies is, by Amazon's duplicitous accounting, a "sale."
And did they pay anything for this? There's another "deal" in which for $500 or so the author signs away his or her book for a period of time, though I'm pretty sure that's longer than a month.
My impression is that if you are a "daily deal" or "monthly deal" that you still get your regular royalties. You must have signed an agreement which would have spelled such things out. Have a look, and if it isn't clear, ask the folks with whom you communicated to set it up.
Anyway, you must be selling well to have been selected! Congratulations! No matter what happens with this book, it should certainly increase your author exposure and thus sales of your other books.
Yes, I understand the agreement. The royalties are 70% of the price they select (which for my boxed set is 1.60). My original boxed set price is 6.99. I agreed to give them control of the price and to let them put it on sale for at most 30 days, sometimes between Sept and Dec. It started Oct. 1st.
But as I said to NotJohn, the sales haven't really skyrocketed and the ranking has only gone from 11K to 9K... So, my earnings are going to take a nosedive if it was selling at 6.99 and now is 1.60 with no big change in sales!!
It does seem you got the short end of the stick (I've never really understood that saying). But to move from 11000 to 9000 actually is quite a stiff climb. I suppose it's a warning for those who depend mostly on per-page payments rather than sales. (I stay out of Select, so this is all foreign stuff to me.)
The Kboards Writers Cafe is a good place to research subjects like this. It gets a lot of traffic, and much of it is from fairly experience and/or fairly successful writers of genre fiction.
(Don't trust KDP to publish a print edition. Don't trust CreateSpace to publish an ebook.)