Feb 292012
 

WARNING – The following post contains considerable writer geek-speak, and may cause non-writing enthusiasts’ eyes to glaze over.  DO NOT OPERATE HEAVY EQUIPMENT FOR AT LEAST HALF AN HOUR AFTER READING THIS POST.  If you are easily offended by geek-speak, please do not read any further.

YOU HAVE BEEN WARNED!

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This is a sort of followup to my post from February 15 (In answer to Mike’s question…) in which Mike wanted specific sales numbers from when I put HPM up for free.  In that post, I explored what happened during “The Great Experiment” from the perspective of using Amazon’s KDP Select “free” marketing tool.  Well, this post is about another marketing tool I just used — paid advertising.

Yes, I actually paid for an ad for my book.  I once again had some great guidance from my fellow Red Adept Select authors in chosing the proper ad.  Truth be told, I sat back and let them decide what ad location would be best, and I went along for the ride.  And what a ride it was.

There was a short list of sites that most of them felt would be worthwhile with regards to buying ad space.  You have to balance several factors: the readership or traffic on the site, the cost of the ad space, the length of time the ad will run, and probably a few others I can’t think of at the moment.  You may also run into problems with some of the more reputable sites with actually getting in.  Some have relatively strict requirements and considerable waiting lists.  The site I got on is called Pixel of Ink.  POI is a little expensive (I think it was $275, but I could be wrong), a bit restrictive (requires that the book have at least ten four-star or five-star reviews on Amazon), and has a HUGE following.  I paid for my ad last December, and it just came out on February 24.  When I just went to their site to check specific requirements (I don’t actually remember them all), the site shows that they are closed to further submissions.  I can only assume this is because they have already filled their slots for the current time period (quarter? year?).

So, the ad for HPM came out shortly after 2PM on Friday, February 24th.  As soon as I saw that the ad was out, I struck a base line on my sales and started tracking hourly (yes, I’m that kind of geek) :)   See the chart over there to the left?  (Click on it if you want a larger view.)  Notice that at the beginning of the chart the unit sales per day were dancing around the fifty sales per day line.  That big spike there?  Yep, that’s the day of the POI ad.

The numbers on the chart show that I sold 239 on that day.  But that’s not the whole story.  You see, when I started my base line for the POI ad, HPM had made 922 sales during the month of February.  But that base line started at 2PM, and I draw my daily figures at 8AM.  So, in order to draw a more accurate picture of my sales due to the actual POI ad, I started tracking on a separate spreadsheet.  Starting at 2PM I made it a point to check numbers as close to the hour as I could manage.  Here is a chart of the numbers during that twenty-four hour period.  The blacked out portion is when I finally succumbed to sleep.  :)   (Again, click for a larger image.)

As you can see, I began charting from my 2PM baseline (Row 2 – 2-24 1400) with “1400” representing the time.  It was easier to keep the columns sequenced properly using military time.  There are some obvious observations here.  For instance, note that as the number of Domestic Sales (red column) increases, the various rankings on Amazon decrease (they don’t show up until row 5 because that was when HPM broke into the top 100).  This inverse relationship is shown even more obviously in the earlier chart.  You will see that when that huge red spike of Domestic sales goes up, the other lines (representing the various rankings) goes down.  The exception is the lowest line at the bottom, which represents the number of units borrowed in the Kindle Prime library.  Note also that at 10PM (Row 10), HPM unexpectedly broke into the Top 100 Kindle Sales in a whole new category, (Thriller).  I’m not honestly sure what prompted that, but I’ll take it.  :yes:

But something that’s not quite as obvious, and in fact might actually be mistaken for a discrepancy between the two sets of numbers, is the fact that the first chart shows 239 domestic sales, while the second shows 268.  This is explained by taking into account the two different timeframes.  The first chart covers the period of 8AM, February 24th, to 8AM February 25th.  But the POI ad came out at 2PM, so when I tracked for a twenty-four hour period, I covered from 2PM of the 24th to 2PM on the 25th.  That covers more of the “hot” period after the ad. 

Here is another chart that exclusively covers that time period.  This picture is simply a graphical representation of the same data shown in the spreadsheet above.  In this one, the relationships between the trends is more difficult to see because the scales are so disparate.  Nevertheless, these two graphics show that, rather than the 239 sales indicated on the 8AM to 8AM chart, there were actually 268 sales for the twenty-four hours immediately following the POI ad. There were also 11 borrows during that same time period, when there are typically only three or four per day.

It looks like my peak rankings were right at midnight, when I hit #8 in Paid Kindle A&A, #13 Paid Book A&A, #66 Paid Book Thriller, and #302 in All Paid Kindle Books.  And right now, it’s 8AM February 29, five days later.  Checking my numbers shows HPM is still in the top 100 A&A in both Kindle and Book categories (#62 and #79, respectively).  It is also #2149 in all Paid in Kindle Store.

So was my ad purchase on POI a success? Absolutely.  Is it going to work like this every time for everyone?  Of course not.  Buying the ad alone is not going to guarantee sales.  There are your basic prerequisites here.  You have to have at least a marginally well told story.  That story must be well-edited (hire a good editor folks – it is a necessary investment in this business).  You have to have decent packaging (a good cover and title is also necessary – if you can’t do the cover yourself, hire someone).  THEN worry about promotion.  If you’ve done all this, and you still have some cash to gamble – because it is a gamble – then you can think about purchasing advertising.

But I’ve read about many authors that have done the same thing, and for whatever reason, they didn’t recoup their investment.  Like I said, it’s a gamble.  So think before you make the leap.  Ask yourself “Do I have the money to drop at the poker table?”

Now, for all of you who couldn’t care less about my lessons along the way to learning the business of writing in today’s market, I promise to have something less geeky/writer-y to post in the next few days.

In the meantime, be safe everyone. :bye: