Tracy Cooper-Posey, expert in managing author businesses, discusses reinvigorating writing processes, the importance of backlist books, and strategies for marketing books. Topics include changing writing habits with a new genre, deciding what to focus on, updating or retiring books, and managing multiple streams of income. The value of selling direct, creating a community on Patreon, and utilizing corporate sponsorship are also discussed.
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Quick takeaways
Refreshing and updating backlist books is crucial for maintaining income and reader interest.
Focus on quality sources of information and prioritize valuable strategies to avoid overwhelm.
Building a financial foundation and exploring additional revenue streams provide stability during challenging times.
Deep dives
The Importance of the Backlist
Indie authors rely on their backlist for long-term income and success. Unlike traditionally published authors, indie authors can keep their previously published books available for sale indefinitely. The backlist acts as a funnel for readers, with new releases leading readers to explore an author's entire catalog. Updating and refreshing backlist books is essential to maintaining their appeal and ensuring a pleasant reader experience. Retiring books should be a last resort, as even older, less frequently selling books can still generate income.
Dealing with Marketing Madness
The indie author industry is inundated with overwhelming amounts of information, advice, and promotional content. Authors can easily get caught up in the fear of missing out and the pressure to do everything, leading to discouragement and frustration. The key is to accept that it's impossible to consume all the information and focus on quality sources. Prioritize the most valuable information and implement it effectively. Let go of the fear of missing something important and find your own unique strategies that work for your business.
Preserving Indie Revenue in Hard Times
Building a financial foundation is crucial for weathering challenging times. Authors should cut unnecessary expenses and save money to create a financial safety net. The backlist of books serves as a stable source of income during hard times, as readers continue to discover and purchase older books. Exploring additional revenue streams, such as selling merchandise or developing related products, can provide additional financial stability. Building a direct sales platform, like an author website and email list, allows authors to sell books directly to readers and keep more of the profit.
Managing Discouragement
Discouragement is a common experience for authors, but there are strategies for overcoming it. Journaling can help in gaining self-awareness and shrinking problems. Reading your own books can remind you of your writing skills and reignite your enthusiasm. Seeking professional support and therapy is important for dealing with ongoing discouragement and mental health issues. Remembering that the indie publishing industry offers great opportunities for success, even during challenging times, can help maintain motivation and keep you focused on your writing career.
Tips for Book Marketing
Focus on building and leveraging your platform to drive readers to your books. Utilize book funnel promotions and sales to help readers discover your work. Develop an email list to keep readers engaged and informed about new releases, promotions, and updates. While pay-per-click advertising may not be effective for all authors, book funnel promotions, email marketing, and maintaining an engaging online presence can be highly successful marketing strategies. Consider utilizing bundle promotions, updating covers and metadata, and providing exclusive content to engage readers and drive sales.
How can you reinvigorate your writing process, breathe life into your backlist, and prepare your author business for the rollercoaster that is publishing? Tracy Cooper-Posey gives her tips. In the intro, Authors Guild results [The Hotsheet]; more Promo Stacks with Written Word Media; Amazon's robot [BBC]; Amazon's generative image AI for products [Venture Beat]; Shutterstock's […]