A short while ago I announced I was doing a giveaway. It ended on 5th July, so here are the preliminary results. In fact I also participated in a cross-promotion in which 20 mystery and suspense authors made their books available free on Instafreebie, undertaking to promote the offer to their mailing list.
The giveaway was costly – the value of the prize plus promoting the giveaway itself came to over $200. I’d hoped for a minimum of 200 subscribers; I got 97. Conclusion? Not worth it. Especially when compared to the cross-promotion, which cost me nothing (Instafreebie offer a free trial for a month, after which it’s $20 a month if you want to collect the email addresses of those who download your book).
The cross-promotion brought in 576 subscribers, meaning I now have upwards of 700 altogether. In three years of blogging, I laboriously reached 65, so the sudden influx is massive. Is this the way forward? Everyone says so.
Now the challenge is to convert those subscribers into readers, and ultimately readers who’ll want to pay for the next book in the series. I’m approaching this with some trepidation – send out too many emails, be too pushy or adopt the wrong tone, and they’ll unsubscribe. So far, my unsubscribe rate is under 4%, which is healthy. If it goes up to 7%, Mailchimp (free till you get to 2000 subscribers) suspect you of spamming and send you nasty warnings.
A lot of people, of course, don’t even open the emails. Or don’t read the free books. Or if they do, don’t pay for the next one. So only a tiny proportion of subscribers will become your followers or fans. How tiny? Only time will tell. But at least it feels like I’ve got some sort of traction, a sense of control over a process which has hitherto been random and wasteful. If I convert just 5% of subscribers into followers, that’s 35 – not a lot, but still way more in a single month than in three years of effort up to then. So what do I do next? Rinse and repeat.