Happy Sunday, WG2E-Land!
This past week, I received my Quarter 2 Royalties from Smashwords, which basically includes earnings accumulated through April and part of May 2012.
When I took a quick snapshot of how my 2012 earnings from Smashwords compared to my 2011 earnings, I was over the moon thrilled with the HUGE growth. Check this out:
2011 Smashwords Royalties
Quarter 1 (paid Feb. 2011) = 0
Quarter 2 (paid April 2011) = $26.67
Quarter 3 (paid July 2011) = $38.73
Quarter 4 (paid Oct. 2011) = $63.46
2012 Smashwords Royalties
Quarter 1 = $1764.48
Quarter 2 = $2170.26
Quarter 3 = $1823.70
Quarter 4 = due Oct. 2012
And, I expect Quarter 4 2012 to be my best Smashwords pay period yet because my Boxed Set is finally available in their premium catalog too!
Now then…to what do I attribute this kind of A-mazing growth?
1. No Exclusivity
I have kept my Ebooks available on all platforms from the get-go. No KDP Select. No Nook First.
2. The First One is On Me (my Ridin’ the Free-Way Experiment)
In September 2011, I used Smashwords to take the book that started it all for me – Bootscootin’ Blahniks, which is also the first book in my series – FREE on all platforms. And, more important than that, I’ve left it FREE and plan to forever. In D. D. Scott-ville, the “first one is on me.” It wasn’t till I went FREE on Smashwords, and all the Smashwords channels (like Nook, Apple iTunes, Kobo, Sony and Diesel) matched that FREE offering, that my sales took off across all these channels.
3. I’ve stayed with Smashwords (but only for the channels I can’t upload to directly)
So, that means, yes, once Nook’s Pubit came out, I began using it instead of going through Smashwords to get there. But, for the books I’d already used the Smashwords to Nook connection for, I kept them there, because I did not want to lose the fabulous momentum I was getting there nor the fabulous reviews. And yes, I’m now using Kobo Writing Life too. Smashwords only distributes for me to Apple iTunes, Sony, and Diesel, plus their new platforms too because I can’t get there directly.
4. I’ve kept my prices at Bargain Book levels (between Free and $2.99).
That makes me very attractive to the Apple and Sony Crowds who are used to paying more for everything, except the Apple iTunes music lovers (who love books too and who are used to downloading music for around a buck per single).
All of these kudos for Smashwords considered, I do detest their reporting system and am very disappointed to have received word that they’re not continuing with their move to do direct deposit payments. The whole PayPal thing, which means you then have to transfer to your bank (another 3 to 5 day waiting period) is nuts. Plus, they’re getting further and further behind when it comes to posting sales numbers (for example, I haven’t gotten any Barnes and Noble numbers since May 31st). I know that may not be totally their fault (in other words, perhaps Barnes and Noble is jerking them around), but they’re going to have to find a solution.
Despite the downsides, though, my goal has always been to reach readers on all platforms. And for now, Smashwords is the only way to maintain that goal. And, the extra $600+ per month ain’t bad either!!!
It’s Your Turn, WG2E-Land: How are y’all doing on Smashwords?
The Best of The WG2E and Smashwords Wishes — D. D. Scott