Amanda Hocking

Fri, Apr 8 2011 12:28pm IST 1
Kasubi
Kasubi
202 Posts
I’ve just been reading Jenny’s post about self publishing.

Tony - That's a very interesting success story, Jenny. There are some others here who have self-published, but I don't think - I may be wrong - that any have told us of subsequently being picked up by a publisher;

Amanda Hocking sprang to mind. I think she was recently featured in the Guardian.

From Wiki:

In April 2010, she began self-publishing [her books] as e-books. As of March 2011, she had sold about a million copies of nine books and earned two million dollars from sales, something previously unheard of for self-published authors.

On March 24, 2011 Hocking received a 2 million dollar, 4-book deal with St. Martin's Press for a young-adult paranormal series to be called "Watersong." Explaining her decision to use traditional publishing after having become an icon for self-publishing, Hocking said, “I do not want to spend 40 hours a week handling e-mails, formatting covers, finding editors, etc. Right now, being me is a full-time corporation.”


I was just wondering whether people felt that was the right thing to do - to switch to a publisher? I can't help wondering, after reading Jenny's posts, whether Amanda could have made more money from self-publishing. Cutting out the middle-man. I'm sure she'd still have made more than enough to pay a PA ;)

Not that any of this is a new thing. D. H. Lawrence couldn't get a work published, so he self published and made a fortune. Perhaps the first mass-master of the self-publishing age?

From the last thread:

Emma D - It is much more problematic for fiction, because it's so much harder to persuade people to try it.

The 99p fiction deals with Kindle seem to be opening up a whole new market. And with no publishers taking a cut, you only have to sell a couple of hundred and you're doing okay.

I think the thing most people struggle with is self-promotion. Social networking is becoming huge business nowadays, for charities, commerce and artists. How to make money without spending it - the eternal magic trick :)

As for self-publishing and how difficult it is to get a publisher:

You always retain the right to prove others wrong, and never before has the opportunity been affordably available to so many.
Mon, May 9 2011 10:04am IST 2
dgaughran
dgaughran
82 Posts
Amanda Hocking is an interesting case.

She has freely admitted, even with the sales push a $2m advance will necessitate, that she probably would have made more money by continuing to self-publish. However, what she is doing is very smart for a number of reasons.

First, I haven't read her books but those I know that have say there are a lot of typos and other editing issues, and Hocking has admitted she has struggled to find a good editor. She has also complained about how much time she spends not writing. The trade deal takes these problems off her hands.

Second, she gets to tap into the distributive power and marketing muscle of a major house. She will reach readers that have never heard her name. Then, when her deal is up, she can go back to self-publishing and try and bring those readers with her.

Third, she gets to see if her numbers hold up at much higher prices, and is somewhat shielded from any potential fallout by passing control of that to a publisher.

Fourth, she will be allowed to continue to self-publish other work.

Essentially she has made a bet that the lost income from signing a trade deal at a lower royalty rate will be made up for in the long term my a larger reader base.

Dave
Mon, May 9 2011 10:40am IST 3
TonyGetsLost
TonyGetsLost
15 Posts
It's an interesting point. Personally I'd most like to know what she was doing in those 40 hour weeks, aside from cover design and editing, that helped to procure millions of fans? Particularly if her work was riddled with typos and grammatical errors. She most have been a potent force as a sales-and-promotions-woman! Maybe she should write a book on that - and self publish it! Now that, I would love to read, typos and all.
Mon, May 9 2011 10:47am IST 4
dgaughran
dgaughran
82 Posts
A lot of people have tried to break down the Hocking method, but there was no magic to it, just a lot of hard work. She had a blog for quite a while before she self-published and always shared all her rejections and sample chapters of her stuff. She was very active on Twitter and all the writing forums in the US, plus all the forums for her genre. She made an effort to get to know all the people running all the different book review blogs and then sent them all free copies of her book for review. I'm just starting that and it's a hell of a lot of work. They all have different submission requirements, different information that they require in a different format - it's very time consuming.

She also never stopped writing - even when she was querying agents - so that when she decided to self-publish she already had eight or nine books. She wrote a series and priced the first book at 99 cent (before everyone started doing it), and she had several different ones.

The best marketing a writer can do is to keep producing new work, but all the other stuff helps too.
Mon, May 9 2011 12:50pm IST 5
TonyGetsLost
TonyGetsLost
15 Posts
That lot really does sound like a forty hour week! Something I'll be trying to replicate really soon. I guess a starting point would be to identify all the key players in indie book reviewing, the most well-populated forums etc. and begin creating a presence through comments and posts. I'm taken the first steps whilst reading the MS... now it's all go!
Mon, May 9 2011 01:15pm IST 6
dgaughran
dgaughran
82 Posts
There aren't enough hours in the day, even if you spent them all on this stuff.

The good thing is that unlike a job, you can squeeze it in whenever you like, and do as much or as little as you want. You can also begin to see what works for you over time, then use your time more effectively.
Thu, May 12 2011 09:10pm IST 7
Kasi
Kasi
14 Posts
My book Vampires Rule has sold 86 copies as of today and it's only been three weeks, but I'm not sure if those are good numbers or not. I wish I had something to compare it with. Amanda Hocking hasn't given any details on how fast her books sold. I do know that I have been marketing my butt off and I can understand why Amanda would want to publish with a publishing house. It's hard to promote your own work 24/7 without any help. I put my book on Amazon and Smashwords, then went to work letting people know, but it's hard and stressful and I don't know how much longer I can keep it up.

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