I’ve promised several authors to share the results of my self-publishing experiment with SSH Mastery. I don’t have complete data yet, but I do have sales numbers for January from Amazon, B&N, and Smashwords.
Some caveats here:
This includes only “SSH Mastery.” I have removed my fiction from the totals. (Fiction sales are considerably lower, but growing.)
February’s initial results are much lower than January’s. January’s sales are obviously to my “hard-core fans” and people close to the community.
My expenses aren’t yet totaled, as the print version isn’t available yet. I expect them to come in at roughly $3000. The majority of this expense is the class I took to learn how to self-pub properly, which is a one-time expenditure. A business person would argue that this expense doesn’t count, as it should be spread across multiple books. But as an author running a test project, I have to count this expense somewhere, so it’s attached to this book. Also, these expenses are only cash out of pocket; they assume my time is free.
On a related note, an accountant would probably find my reasoning naive. I already have two careers (writer and engineer), I’m not going to add a third.
I’m not going to regularly report sales numbers to the general public. I will say when I break even.
Before I published, I expected to make most of my sales through Amazon, then Barnes & Noble, and then Smashwords last. I had no idea of how many sales I would make, but I figured they’d be in that order. Let’s see how this compared to reality.
Amazon Kindle: 123 books sold (92 US, 12 UK, 14 DE, 2 FR, 1 IT, 2 ES), for a total of $810.27 USD at today’s exchange rates. (Amazon reports European royalties in euros or pounds.)
Barnes & Noble: 4 books sold, for $25.96 USD.
Smashwords: 76 books sold, for $607.65
Total: 202 books sold, for a total of $1443.88
Some interesting things here:
I’m shocked at how low Barnes & Noble sales are. The book was available on B&N a couple days after Smashwords and Amazon, mainly because getting the book through B&N’s internal systems took longer. Apparently my readers don’t use the Nook.
Smashwords sales as a proportion of total sales is much higher than I expected.
Averaging the royalty per book is also interesting.
Amazon: $6.58/sale
Smashwords: $7.99/sale
B&N: $6.49/sale
You’ll hear lots of commentary about how Amazon offers a 70% royalty on ebooks. This has all sorts of exceptions and exclusions, where you’ll only get a 35% royalty. My effective average royalty at Amazon is about 65%, so that’s not bad.
Barnes & Noble, at just under 65%, offers the worst net royalty.
Smashwords: I love you. Just saying. My core audience really wants the book as PDF, and Smashwords offers PDF, epub, mobi, and all the other big ebook formats with one purchase. And they pay me the highest per-sale royalty. I still haven’t gotten the book through Meatgrinder into the other channels they feed, such as iBooks and Kobo. Once that happens, I expect to see their percentage rise. I wouldn’t be surprised if they overtake Amazon.
The real lesson is: sell your work through all available channels. You can’t tell who will buy what from where.