Your books are valuable (especially now!)
Given the current circumstances, I hope you're hanging in there okay. As you know, we've been communicating a lot about the recent up-sides to digital publishing. That's because (amid COVID-19) we're seeing major growth in online book sales across countries and stores. On PublishDrive, sales increased by more than 20% from February to March.
To give you the full picture, I put together a report of our recent data and trends on bestselling genres, countries, and consumer behavior: bookmark it! We'll be publishing a new article every month, so keep an eye on our blog for more updates.
We're ramping up our services to better support the indie community for a time such as now. I hope you find our resources like the market report and our product updates shared below (full blog post) invaluable to your work. Don't stop publishing, books are in demand. ??
Fresh new features
Faster sales data, earlier payments
On your PublishDrive dashboard, you can now access faster sales data and earlier payments for more stores with cool charts and other analytics functions. As money management quickly became a pain point for many authors and publishers, we're working with retailers for seamless communication and updates.
P.s. Other ways we help with indie finances ?
Did you know that we waive over $3K thresholds? We also pay out higher royalties for books below $2.99. For more questions about these, shoot us a message.
Print and audiobook distribution in China
Earlier this year we did a big thing by introducing print-on-demand and audiobook distribution to the platform. Now, we've expanded its capabilities to reach the Chinese market. Quick benefits about the new formats: 1) reach more than 160 million print readers and 2) engage listeners wherever they go with audio while earning more royalties.?????
Important updates to know
Storytel, JD, and more stores (around the globe)
Storytel is a leading audiobook/ebook subscription service for Northern Europe offering 400K+ books to over 1.1M customers across 20 markets. JD is China's largest retailer. Germany and Hungary want your English-language books! To check out all of the newest additions, go to 'Stores' on your dashboard.
Out of office on June 1st
FYI, the whole team will be out of office on June 1st for the Pentecost holiday. We'll be offline that entire day and will get back to any emails the next day. You can leave a message for us here.
Join our Facebook Group
Solidarity matters more than ever these days. Join PublishDrive's Facebook Group, our own digital hub for indie publishers. Let's chat industry news, important updates, personal experiences, and anything else. We'd love to have you!
In case you missed it
Top 10 rules for money management
In her blog post, Kinga goes over 10 rules for managing finances during this global crisis. It includes insights collected from over 20K publishers using PublishDrive's services, best practices straight from our people.
Industry update: no VAT for ebooks sold in the UK
In case you missed this one, the UK government has removed VAT on ebooks. You don't need to do anything with your titles on PublishDrive, and you will earn more royalties after the books sold in the UK from May 1, 2020. Some sources say that Amazon is reducing the sales price of ebooks by 20%. Since we have full control over our pricing (VAT included), readers will be able to buy your book at the same price as before.
Tips & tricks
Run price promotions with WWM
Right now is the perfect time to run discounted prices for your books, see the data for proof. From your dashboard, find four different price promotion options with Written Word Media and reach up to 600K readers. It takes only three steps to set up a campaign.
Need an ebook conversion tool?
Ours is completely free and super simple to use. Just go to this link any time you need to convert your manuscript from a docx to epub file. To ensure your manuscript is formatted correctly before running it through the tool, see our useful guide on formatting.
Not signed up with us yet?
To help you get started we have a special promotion for new signups: Enjoy 50% off any publishing plans for 2 months. Start publishing for only $9.99/month and get your books into markets like China or Google Play. Offer valid until May 31st.