1. No digital version of your book.
Due to the COVID-19 Pandemic, ebook subscriptions rose, with ebook usage up 26% in 2021. If you don’t have a digital version of your book available in this digital world, you are leaving money on the table. If you publish through a small press or an Indie or Vanity Press and they can’t make sure your book will have a Kindle or ebook companion, they are doing you a disservice.
2. You don’t have a physical copy of your book.
According to the Alliance of Independent Authors, physical books still outsell ebooks. US print book sales rose 18.5% in the first half of 2021 and outsell ebooks 4 to 1. This means that if you don’t have a physical copy of your book to sell through your own website and at events, you are leaving money on the table. Many financially successful authors are not Amazon Best Sellers, but they still make bank selling through their websites. “Though ebooks and audiobooks are increasingly popular, print books continue to trump in the researched book market, with 66% of readers across the globe saying print offers ‘a more fulfilling and unique reading experience.'”
Physical copies also make it possible to sell your books wherever you are. If you like speaking at events and talking with people face to face, you can (should) always have copies of your books on hand. Sell them to libraries, schools, bookstores, or wherever. Heck, sell those bad boys in bulk if you want.
3. Not doing events and speaking engagements.
Speaking engagements and events can generate significant income through paid meetings and on-site book sales. Live events can also help you connect with readers directly, create word-of-mouth from the people who will tell their friends they met you, and don’t cost anything.* If you are not looking into doing events and speaking, you leave money on the table. Again, this is why having physical books is a good thing. See number two.
*Note: I have heard of people paying to do book signings. I never pay to do a book signing unless I pay for a space for vending at a larger event. If you ask to do a signing and the facility says you have to pay, see why and what’s included or look into hosting the signing somewhere else.
4. You are not turning your books into audiobooks.
Speaking of paid speaking engagements, audiobooks can be a way for authors to attract speaking gigs. According to Audio Publishers Association’s annual survey, a six-year trend of double-digit growth in sales continues in the audiobook space. Add to this the increase of smartphone usage (especially with the pandemic), and people who listen to their books at home or in the car on the way to work. This means that if you are not looking at ways to turn your books into audiobooks, you are leaving money on the table. Audiobooks have the potential to reach a wide range of people, from those busybodies who struggle with time to read to people experiencing visual challenges.
We must think outside the realm of just uploading books to Amazon and letting them rot. You worked hard on your book baby. Discover other ways of getting it out there.
Like I always say, it doesn’t matter how long ago it has been since you’ve published; your book will always be new to the people who have never read it. Our books only die if we let them.