For starters, "Wendigo" has been an unqualified success. I sold fourteen copies in 2012 and nineteen so far in 2013. Thirty-three copies at 35% royalty copies out to $11.55. Considering how I sold it for the first time (in late 2006, to the now-dead webzine Chimaera Serials) for $20, this is a profitable second run indeed. And it's pure profit, considering how Udo Wooten did the cover for free. A lot of paying markets pay $10 or less, so I've made a good business decision self-publishing this one rather than scrounging for a market that would accept a reprint (rare) and pay a decent rate (rarer).
"Melon Heads" came out of the gate strong, selling twenty copies in 2012, sixteen in the release month of September. However, it faltered in 2013, selling only five so far. That's $8.75, which is better than giving it away for free or selling it to one of those $5 magazines. Not as good as I could have gotten if I'd sent it to a $10 magazine, assuming they'd buy it. Unfortunately I tried to promote it using Google Adwords that proved to be an epic fail (no sales whatsoever during the period the ad ran), so this one is still a net money loser despite its stronger sales.
My Lovecraftian tale The Beast of the Bosporus
Despite commissioning a beautiful cover, Illegal Alien
In August, as sales begin to fall for my original four (only ONE sale in July), I put out three new stories. That spurred sales back to the level they'd been earlier this year, although they never reached the euphoric heights of September 2012. So far the alternate history spy adventure Picking Up Plans In Palma
This year-long experiment in Kindle publishing has led me to reach some conclusions:
*More "mundane" creature horror sells better than more niche Lovecraftian stuff. However, there's a complicating variable--"Wendigo" is explicitly advertised as a reprint of a traditionally-published story, which no doubt makes it more attractive.
*Horror sells better than science fiction.
*Alternate history and superhero/supervillain tales do worse than standard science fiction.
*If you can get good covers for cheap enough rates, self-publishing can be financially more profitable than sending them to markets that pay only a small amount ($5 or $10) and definitely more profitable than giving them away for free.
You may be tempted to write off Kindle publishing short fiction as a waste of time or a poor investment. However, there is such a thing as a tipping point and it'd be a shame to give up just before you get successful (there's a rather sad cartoon showing a miner giving up when, if he'd dug a few more inches, he'd have found a trove of diamonds). My friend Jeff Baker, in the addendum he added to my guest blog post, said that at LibertyCon, the consensus one needed 20-25 items available on Amazon before they started feeding off each other. And I've just bought a Kindle e-book on guerrilla marketing one's self-published fiction, so hopefully I'll get some good advice and my sales figures will go up.
Still, at DragonCon one year some panelists said short fiction isn't worth the amount of time invested in it. Although I'm going to try to sell my unsold stories and Kindle-publish the ones I can't (I have two fantasy stories submitted to traditional markets at the moment), I'm going to focus on my novels Battle for the Wastelands and The Thing in the Woods. If I can sell one of those, hopefully it'll spur sales for the short stories.
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