Showing posts with label banking crisis. Show all posts
Showing posts with label banking crisis. Show all posts

Tuesday, April 25, 2023

Start Soon

 A couple of weeks ago, I listened to a seminar sponsored by Sourcebooks, a powerhouse publisher whose sales are soaring. The house is frankly data driven and places a huge emphasis on marketing. 

When I began contacting vendors to schedule signings for my first book, my agent informed me that my sales had been determined long before my novel was published. 

How could that be? The truth is, it's the vast network of sales representatives, catalog copy, reviews, and word of mouth that determines preorders. By some fluke, that first novel was poised to take off and there weren't enough books available. That was years ago when it wasn't as easy to schedule another print run as it is today. My publisher gave me four printings--a thousand books at a time. But by the time the extra printing made it to the market, the bird had flown. 

Preorders can be critical. The problem is figuring out how to lure buyers when prices are soaring. It's more important than ever to spend time figuring out a strategy.

Who are the people the most likely to buy your particular book? Do they fall into a particular category of interests? If so, what kind of marketing campaign would most likely appeal to them? 

I'm working on a book now that has a strong contemporary/historical theme. That sounds like a funny way to put it, but it's set in the 1980s. Not old enough to belong in the truly historical category. Since it involves the banking and farm crisis that hit rural America my most likely readers will be those who experienced that devastating upheaval. 

I'm relying on sites that provide marketing savvy about various age groups. 

Luckily, this book will appeal the most to age groups that use the platforms I understand the best. Gen X (41-55), Baby Boomers (56-77), and the Silent Generation (76-) read a lot of books. Although, the prize goes to Millennials (21-40). This group reads the largest number of books in a year and is the most likely to use a library. 

The book will have little appeal to Gen Z (5-25). However, one never knows. If it's suggested as a gift book for grandparents, someone might buy it. 

Targeted marketing might work, and it might not. People are paid staggering sums of money to figure this out. But all the authors I know are concerned with beefing up their market share.