When it comes to making it big in self-publishing, we all know it takes sales to make your e-book climb up bestseller lists. But how do you know what you should price your self-published story, whether your long and complicated epic is actually a trilogy disguised as one book and if authors who change the prices of their books frequently earn more or less for their troubles? Yesterday Mark Coker, the founder of Smashwords.com, an online publishing platform for authors and publishers, gave RT convention attendees a look at how to make “Money, Money, Money” at the panel by that name.
During this RT-exclusive workshop the founder of the self-publishing platform talked about the factors that impact sales, all based on the statistical data mined from the site. As of this week, Coker told us that he was drawing on the data of over one hundred ten thousand e-book authors' sales. Here is a taste of some of the data that he shared about the analysis of Smashword’s figures — and what it says about how you can have financial success with your self-published books!
Do authors who offer free e-books earn more money?