New Release – First 30 days

The new book has been out for 30 days!

If you’re familiar with publishing on Amazon, you’re probably aware of the dreaded 30-day cliff. I’m here. I’m standing on the edge of it. But (knock on wood) I haven’t fallen off yet. My ranking is actually the best it’s ever been today! I have no idea how long that will last. It might all come crashing down tomorrow. Only time will tell.

So, how have the first 30 days been? Better than I expected, that’s for sure! Nothing ZOMG AMAZEBALLS, but, you know, good enough that I’m thinking maybe I’m not so crazy after all to think this might actually work out.

As of this minute, its sold 61 copies (with 1 of those being returned), and had 92,244 Kindle Unlimited page reads. The book is 412 KU pages long, so that’s the equivalent of 223.9 (let’s round up to 224) full reads.  So, 284 copies bought and/or read. It’s made me approx. $545 USD, or $685 AUD in those 30 days. I won’t know the exact number until mid-March when the KU rate for Feb gets released. That figure could go up, or it could go down. Just have to wait and see. I’m using a conservative rate though so that I don’t get too disappointed if it’s a lower month.

Below is my Book Report data, showing you how much of a difference the new release has made to my bottom line!

Screen Shot 2018-02-25 at 2.58.24 pmScreen Shot 2018-02-25 at 2.58.51 pm

The reviews so far have been very positive as well. As of my last check, I have 4 reviews on Amazon.com (three 5*, one 4*), one review on Amazon.co.uk (4*) and 12 ratings on Goodreads (average 4.33).

My rank has been holding steady around the 10,000 mark. At the moment it’s #8,314 Paid in Kindle Store.

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Now… to somehow replicate this. If I had 4 books that managed to get sticky around the 10,000 ranking, I could potentially be earning $2000/month. Easier said than done, though!

ETA(26/2): Hah. I’m silly. I just realised I miscounted. This data is all for the first 4 weeks/28 days. 30 days is today! In the past two days since posting this, I’ve sold another 25 copies and made another USD$60. Also had my best KU day today with 7811 pages read. I’m only 150 pages read from hitting 100k for the month! With three days left (American time), I am very confident that I’ll reach that milestone!

So. 310 copies for the first 30 days, and ~$600US/$750AUD. 

 

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2017 Publishing Recap

It feels far too futuristic to be writing 2018 in my journal, but it is what it is!

2017 has come to a close, all too quickly. Where did that year even go? I have no idea. 2016 and 2017 have blurred together in my mind. I need to make 2018 different!

As is usual for me at this time of year, I’ve been doing a lot of reflecting and pouring over my numbers and stats for the year.

Positives:
– 2017 was my best sales year ever. I sold 802 books, which was twice as many as the previous best year (2013 with 401). That surprised me because I didn’t actually have any new releases, and it was mostly my two oldest books doing the heavy lifting.
– I wrote 155,215 words of fiction. Less than I aimed for, but better than other years.
– My income is trending (mostly) upwards;
2013: $545.04
2014: $114.28
2015: $456.80
2016: $703.55
2017: $1260.14

Negatives:
– I didn’t publish a single book. I still only have 4 books out, under two pen names. I was planning to grow that a lot more last year. Disappointed in myself that I haven’t.
– I didn’t write enough. Some months were good, others were abysmal.

I was exclusive with Amazon for all four books in 2017. One of my pen names has been pretty quiet over there the past six months or so, so I’m going to take those two books out once their current Kindle Select term is up (you need to enrol for 90 days at a time) and try them wide with Apple, Kobo and other retailers. Not sure if they’ll do much there either, but only one way to find out!

Looking forward: 

I have a new book coming out in a week. I quietly put it up for pre-order, mostly to give myself a kick in the pants and actually get it done. Haven’t told anyone at all about it yet, but have managed to get 8 pre-orders. I know that doesn’t sound like much, but that’s 8 strangers who have decided to buy my book based purely on the cover and blurb! Fingers crossed the launch goes well, but even if it doesn’t I will keep my head down and keep working. The more books I have out there, the more money I make and the closer I get to reaching my goals. Plus, writing is fun 😀

I’m on school holidays for the next month, and I’m planning to write the sequel before school goes back.

Tally ho!

The current state of my life

First post, woo! Welcome, welcome.

My name is Bec, and I’m a writer. I’m also intensely interested in personal finance and my long-term aim is to achieve financial independence, preferably through my writing.

This blog is a way to track my progress, thoughts, setbacks, and whatever else floats my boat.

I’ve had a taste of financial freedom in the past (I’ll post about that another time), and I want to get back there. Not having to worry about money sure feels good!

Current situation:
Age: 32
Marital status: Engaged, living together.
Location: Melbourne, Australia
Job: Part-time CRT (Casual Relief Teacher), part-time author.
My income: Varies. I make AUD$300/day from the CRT work. I usually work 2-4 days/week as a CRT, while schools in session. My author income also varies from month to month depending on sales. At present, it’s only bringing in around US$60-180/month. This is an area I am aiming to grow. Last financial year my taxable income was about $25,000. Not counting any publishing income, I’m on track to make $30k+ this financial year from CRT work. Publishing money is a bonus at the moment.
Partner’s income: He makes around $80,000 a year working in warehousing for a major international food company.

My finances are pretty sad at the moment.

Debts:

  • $2500 that I owe my mother.
  • $1500 I ‘owe’ my partner (the cash is going in the joint savings account, but, still…)
  • $4616 I owe on a credit card (0% interest until June)

Total debt: $8616 + $25,730 HECS debt (this is not a priority to pay off at present – payments get automatically taken out of our pay once we earn over the repayment threshold – currently somewhere around the $58k/year mark)

My partner is smart and has no debt (yet). He also has no degree (yet) so this situation may change if he ends up going back to uni once his Aus Citizenship comes through (he’ll be able to get a HECS loan).

Assets:

  • Superannuation $10,300 (this is pretty low for my age, but I worked 4 years in Canada and was paying into the Canadian Pension Plan during that time, instead of my super…). My partner has about $18,000 in his Super account (only been living/working in Aus for 4 years).
  • My personal savings $500 – depressingly low at the moment, and something I need to rectify in the coming year! Fiance is doing much better on the savings front…
  • Partner’s savings ~ $40,000

 

Goals: 
Within the next 12 months:

  • Pay off all my debts (apart from HECS).
  • Not go any further into debt!
  • Make twice as much money in 2018 as I did in 2017.
  • Have $10,000+ in savings by the end of the year.
  • Publish 6 more books.

Within next 3 years: 

  • Make a living from my fiction. CRT only if I want to, not because I need to.
  • Have over $100,000 in savings between the two of us.
  • Get married.

Within next 5 years: 

  • Buy a house?
  • Pop out a kid?
  • Be earning enough from my fiction to support us both.

Some of it feels very far away at the moment, but that’s where I want to be. Come along for the ride?