A Publisher's Conversation with Authors: Do Book Giveaways Work?
It is Tuesday. Monday's madness is over, and Wednesday will take us over the hump, so Tuesday it is--for some serious discussion with authors. Tuesday talks mean to address authors in waiting and self-published authors who would like to go a more traditional route or who would at least like to take their steps with a publisher by their side.
Today's post addresses the oft-asked question, "Do book giveaways work to increase sales?"
The quick and easy answer here at MSI Press is "no." We have run giveaways of paperbacks on Goodreads to have the only books "sold" be the free ones earned in the giveaway. We had no additional sales that we could track to that promotion. We have also run freebie e-books on Kindle promotions. Again, lots of takers for the free books; zero additional sales. The Kindle stats are actually quite clear and disappointing.
For a broader set of experiences, here is a useful post from BookBub, which does an immense number of giveaways: Pros & Cons of Book Giveaways: 27 Authors Weigh In (bookbub.com)
What about your book? Well, you won't know unless you try. So, if you are enticed by the possibilites, do a very small book giveaway first and check the response not only by counting those who wanted a free copy but also by those who bought the book when they did not get a free copy. (Give about a month for the sales figures to roll in.)
See more Publisher Conversations with Authors HERE.
Learn more about publishing from an acquisitions editor -- how to get your book proposal accepted, why proposals are turned down/accepted, and how to find the right publisher for your book. On special sale for $5 while inventory lasts at MSI Press webstore. Also available as an e-book and an audiobook.
The Tuesday talks reflect real discussions between the management of MSI Press LLC and our own authors or those would-be authors who come through our doors but don't make the cut--yet. If you have a topic that you would like addressed, leave the question in the comment section. Chances are, in our 18 years of publishing first-time and experiences authors, we have had a conversation with one of our authors that we can share with you.
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