Now that Mr. Bezos has stepped down, I’ll do a little bitching.
Are creating Amazon ads making you want to bang your head on the wall? No? Then you’re not doing it right, I guess.
It took me almost two weeks to get an ad running on Amazon. Now, this wasn’t my first attempt–several had run recently–but this time was quite frustrating. Everything has a learning curve, and Amazon’s ad platform is no exception. Reading through the tutorials and the FAQ’s gives you a cursory knowledge, but by no means does it cover all you need to know.
I did other research online, there are many others before me that have done the legwork and produced good lessons. Still doesn’t make it any less confusing. I’m sure my rambles here won’t be any different.
It all comes down to getting your ad to show on a customer’s search page or on their Kindle. You do that by winning a bid–like an auction–against other ads in your genre. Highest bid wins and gets shown, reader sees it and hopefully clicks on it and buys.
I was doing an online course where one author was quoting that when he started his adds, he was getting 200 000+ impressions/week @ pennies/click, which translated to a very cheap advertising campaign and high sales. After digging deeper, those statistics were from 2016. Four years makes a lot of difference when it comes to competition.
I would love to be able to win a bid to have my ad shown to potential readers for > $0.10 when I create my ad, most of the suggested bids for each of my keywords* run from $0.50 to more than $1.00. Which means if someone clicks on my ad, I pay Amazon–let’s take the lower amount– $0.50.
Let’s break it down for profit. I get ~$0.60 if it is read on Kindle Unlimited (approximately, because just like the ads, the royalty structure for KU is not easy to grasp), so I make $0.10. So, I do a lot of free promotions for this version. If it is bought as a Kindle eBook, I make $2.00 – $0.50 = $1.50. That’s not too bad. The problem is that not everyone that clicks the add will buy. It would be nice to have 100% conversion, but that is never going to happen. Even 50% is a lofty goal, in reality it is around 10%. I also have a paperback option which is a higher royalty still.
So basically, with a low conversion, I usually wind up paying more in fees than I make in royalties. I know that advertising and marketing are essential to book sales and all advertising costs money. I would be satisfied to break even since I’m just starting out. Where are those bygone days of $0.05 clicks?
With all my rambling, I still didn’t get into my dealings with customer support, which was the impetus for this this post.**
*That’s another topic.
**That’s another topic as well.
Leon Stevens is a composer, artist, and author of three books (so far): Lines by Leon: Poems, Prose, and Pictures, The Knot at the End of the Rope and Other Short Stories, and Journeys: Eight Original Pieces for Classical Guitar