Apr 302012
 

Quick post today.

What’s it take for our in-preorder Don’t Read This Book to be profitable? This is going to be based on an approximation of the costs of the writing, editing, cover art, printing, and other line items.

So, approximately:

At the time of this writing our webstore preorder has got 46 softcovers and 48 ebooks sold, which is a fine start; we’re seeing modest performance in our third party ebook vendors (~60 DriveThru, ~25 Amazon, ~2 B&N). In aggregate that adds up to about 20% of the revenue we need in order to make it into the black.

It’d be tempting to look at the above and think, Oh holy crap, I’d better order through Evil Hat! But that’s not necessarily the right conclusion. Sales through those other venues tend to produce more sales through those venues (as do reviews on those sites & such), whereas sales through our webstore stay largely invisible in terms of the collective perception of demand for the product. So, ideally, I’d love to see a big healthy mix of sales through all of those channels. Ultimately, buy where is convenient for you and ideologically comfortable to do so — but once you buy, if you enjoy, please turn someone else on to the book, whether it’s with a review, a blog post, a tweet, or a (gasp!) face to face conversation.

EDIT: Those eager to proclaim the uselessness of print books should take note: the print sales have the best per-sale shot of getting us into the black even in distribution, and for that matter the initial printing only represents about a third of our cost. Drop to an ebooks-only strategy here, and we’d still need 800-ish direct sales of the e-books to get in the black, or over 1200 through Amazon & the like. The whole “print books cost so much more than ebooks to produce” argument, at least with our print run strategy, is on shaky ground. I’ve elected to price the anthology in ebook format at $5 and the softcover at $15; if I was simply making the ebook the cost of the softcover, minus the proportion of the cost of a print run, it’d come out at more like $10. For Evil Hat, new to fiction, I don’t think that a $10 pricepoint for a 50k word anthology is supportable (rather: I have a gut feeling like we’d see fewer than half the sales we get at $5 if we priced it at $10, so the economics dictate the $5 pricepoint). But I’d sure understand the hell out of a publisher who decided to go that route.

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  • Apofis

    I’m one of those 48, started reading it on saturday night and can’t stop reading, I’d very happy to add a reader review once I’m done reading

    • fredhicks

      Great! You SHOULD be able to find a way to enter some reviews on the above linked sites, at least in some cases. :)

  • QuentinHudspeth

    I have to support your gut there, Fred. I for one wouldn’t pay the $10 for the ebook, it being filled with unfamiliar authors, but $5 sat right for me.