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Thread: Kindle Monthly Deal


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Permlink Replies: 9 - Pages: 1 - Last Post: Nov 4, 2017 3:33 AM Last Post By: Michael Lansbury Threads: [ Previous | Next ]
mary munoz

Posts: 10
Registered: 01/10/13
Kindle Monthly Deal
Posted: Oct 1, 2017 10:09 PM
 
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Hi everybody,
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)

Edited by: mary munoz on Oct 1, 2017 10:10 PM
Donna St Felix

Posts: 5,636
Registered: 09/18/13
Re: Kindle Monthly Deal
Posted: Oct 2, 2017 1:22 AM   in response to: mary munoz in response to: mary munoz
 
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I've never done a Kindle deal. It sure sounds like I don't want to.
Thanks for posting what you have experienced.
Notjohn

Posts: 23,235
Registered: 02/27/13
Re: Kindle Monthly Deal
Posted: Oct 2, 2017 3:10 AM   in response to: mary munoz in response to: mary munoz
 
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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.

Good luck! -- NJ

Notjohn's Guide to E-Book & Print Formatting

The blog:
http://notjohnkdp.blogspot.com
cdalebrittain

Posts: 11,274
Registered: 03/05/11
Re: Kindle Monthly Deal
Posted: Oct 2, 2017 6:53 AM   in response to: mary munoz in response to: mary munoz
 
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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.
mary munoz

Posts: 10
Registered: 01/10/13
Re: Kindle Monthly Deal
Posted: Oct 2, 2017 6:33 PM   in response to: Notjohn in response to: Notjohn
 
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Yes, it was earning about $3k a month, mostly from KU reads but from sales, too.

The KU reads seem to be the same, and the sales are a little higher, but at a price change from 6.99 to 1.60, it's a huge price cut!

No, they don't pay, but you get free marketing from being in the Monthly deal list.

The ranking hasn't really shot up. From 11K to 9K... cries quietly
mary munoz

Posts: 10
Registered: 01/10/13
Re: Kindle Monthly Deal
Posted: Oct 2, 2017 6:36 PM   in response to: cdalebrittain in response to: cdalebrittain
 
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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!!

But thanks, all, for answering.

I guess it was a live and learn moment.
mary munoz

Posts: 10
Registered: 01/10/13
Re: Kindle Monthly Deal
Posted: Oct 2, 2017 6:38 PM   in response to: Donna St Felix in response to: Donna St Felix
 
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I looked and looked for anybody posting about their experiences. I wish I'd known it wasn't going to be a blockbuster deal...

Of course, if it was ONE book dropped from 3.99 to 1.60, then promoted, it might be worth it, but I definitely feel like dropping from 6.99 to 1.60 and not really having more sales is a bad deal.

sigh
Notjohn

Posts: 23,235
Registered: 02/27/13
Re: Kindle Monthly Deal
Posted: Oct 3, 2017 3:07 AM   in response to: mary munoz in response to: mary munoz
 
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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.)

Good luck! -- NJ

Notjohn's Guide to E-Book & Print Formatting

The blog:
http://notjohnkdp.blogspot.com
mary munoz

Posts: 10
Registered: 01/10/13
Re: Kindle Monthly Deal
Posted: Oct 3, 2017 2:40 PM   in response to: Notjohn in response to: Notjohn
 
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It's been as high as #34 in the total Kindle store with a BB 1.99 ad before so 11K to 9K is really nothing, about 25 sales.

But thanks for the tip! I think I'm simply asking for advice in the wrong place.
Michael Lansbury

Posts: 19
Registered: 04/07/14
Re: Kindle Monthly Deal
Posted: Nov 3, 2017 11:52 AM   in response to: mary munoz in response to: mary munoz
 
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Hi, Mary - my only experience is passing on Kindle's offer. I'm jaded enough to be suspicious that the email said my books have been 'nominated'. It's not an award, but that's their inference. It's an opportunity to be discounted so Kindle marketing can offer a package. I assume they're only offering inclusion to popular books whose marketing (or word-of-mouth) already works, so I couldn't figure an upside.

Sorry not much help. My invitation says the deal would run "at some point between 1/1/2018-3/31/2018...
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