SFFMP 166: Best Price Points, Does Book Length Matter, and Tips for Selling More Books Wide with Mark Coker

One of our earliest guests on the podcast, almost 150 episodes ago, was Mark Coker, the founder of Smashwords. We had him back on this week to talk about some of his predictions for the coming year and marketing tips derived from the 2017 annual survey of the Smashwords sales and distribution data.

Note: we had some technical issues so weren’t able to stream live, but we hope to be back at our usual time of Tuesday 6pm PT/9pm ET next week.

Here are some further details of what we discussed with Mark:

  • Changes in Smashwords over the last three years.
  • How much more successful authors are on iTunes, Kobo, Barnes & Noble, etc. when they make use of pre-orders.
  • Mark’s new podcast Smart Author (check out the episodes on analyzing best practices of bestselling authors and how to sell more books with pre-orders for starters).
  • Being careful about being too dependent on one retailer and helping to ensure other retailers stay relevant.
  • Data showing that, despite people forever talking about short attention spans, longer books sell better.
  • Some sub-genres of science fiction and fantasy that are doing well — but Mark advises that you should write what you love rather than following trends.
  • Which price points are most effective, and data showing that $4.99 has become more viable (if you’re charging $2.99 or $3.99, you might not lose sales by going to $4.99).
  • Pricing for boxed sets, whether by individual authors or as multi-author collaborations.
  • How many of the bestselling Smashwords authors are using free series starters.
  • What to do with a $500 launch budget.
  • Tips for selling in the Smashwords store itself.

If you want to hear more from Mark, check out the first episode he did with us: SFFMP 25: Marketing, Pre-Orders, and Distribution with Smashwords Founder Mark Coker.

Here’s his blog post from last year that includes his slides covering the 2017 Smashwords survey data.

You can visit Mark on Twitter or on the Smashwords blog. You can find more information on his Smart Author podcast here.

 

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SFFMP 25: Marketing, Pre-Orders, and Distribution with Smashwords Founder Mark Coker

Tonight, we had Smashwords founder Mark Coker on the show, and he gave us a lot of great information on working the pre-order system on Apple, Barnes & Noble, etc., marketing on Smashwords and sites it distributes to, and selling more books overall. Here are some of the highlights of the interview:

  • How Mark’s book, The Boobtube, led him to create Smashwords back in 2008
  • How to take advantage of pre-orders on Smashwords, Apple, Barnes & Noble, and Kobo, etc. (Unlike with Amazon, you get a big boost on release day, because the orders accumulate and all count toward your Day 1 sales.)
  • Possibly getting extra merchandizing love with retailers such as Apple, based on strong pre-order interest and early sales
  • New features coming to the Smashwords pre-order system, such as assetless pre-orders (so you don’t need to have the finished manuscript in order to make your book available for order)
  • Don’t worry — no penalties at Smashwords for missed deadlines on pre-orders, but you can upload up to 12 months ahead, so you can give yourself plenty of time
  • Getting books into libraries through Smashwords (OverDrive/Library Direct) and Mark’s thoughts on new sites such as EbooksAreForever.com.
  • Why still use a distributor? Makes it easy to get books out without having to be on each platform (on Barnes & Noble, you actually end up making more on books priced under $2.99)
  • Scribd, Oyster, and other smaller retailers that you can only get into via a distributor
  • The Smashwords affiliate program (getting other people to plug your book for you — and giving them an incentive to do so)
  • Common mistakes Mark sees authors making
  • Are permafree series starters still working?
  • What’s coming next to Smashwords

Whether you use Smashwords or not, you might gain something from checking out Mark’s helpful books: Secrets to Ebook Publishing Success (Amazon | Smashwords) and Smashwords Book Marketing Guide – How to Market any Book for Free (Amazon | Smashwords)

 

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