Maximising Your Book Marketing Budget

This blog about maximising your book marketing budget will give you some essential tips on how to market your self-published book when you have a limited budget.

Book marketing is a task that many traditional publishers don't always get right and for self-publishers it is a big learning curve where money can be wasted. When every dollar counts, you need to focus on what you want from the return on your investment. A few dollars spent on ads without any thought can be a waste of money. So, how do you find your readers? And, how much should you spend?

This is one of the many social posts I have created for my latest contemporary novel, Fame & Other Disasters.

When thinking about Maximising your Book Marketing Budget, keep in mind your Audience?

Your audience is your readers. They are the foundation of any successful book marketing campaign. With limited funds, as most self-published authors have to work with, focus on a specific group rather than advertise everywhere. For instance, if your book is a Young Adult novel, then you need to reach readers in the age group 13 to 18 years old.

Think about the age, interests, reading habits and online presence of your readers, a quick Google search will help you find these statistics. Check out authors and their work in the genre you write in. Look at the cover designs they use, make sure yours looks similar but yet different enough to stand out (not an easy thing to do).

One of the best ways to help find your audience is to engage with the writing community, both online and in person. Join forums, writing groups (I have found these helpful), and engage on social media where many potential readers gather.

On a side note, be careful of scammers who email unsuspecting authors offering services through book clubs (fake) or other means. They usually ask for a fee, sometimes use a known author's name and usually have nothing to do with the writing community. They just want your details and money.

Are There Cost-Effective Marketing Channels?

Unfortunately, not many. There are thousands of people online purporting to be marketing specialists when it comes to books, but as mentioned before, be wary of scammers. Many of these 'experts' tend to be expensive.

The best marketing method that works for me is my website and this blog. A simple, well-maintained website helps establish credibility, it showcases your work and may help you with gaining followers, who will become part of your email list.

Regarding an email list, you can use a platform like Mailchimp, a company that sends out bulk emails without them being reported as spam. There is a free version of this online, one that I use with some success.

Stuff Your Kindle events and book giveaways on Goodreads, or on your website can generate interest in your work. Be prepared to give books away for free or 99c, which is not great for your budget but it does put your name out in the reading community. If you have a good backlog of books published, it may prompt a reader to buy your other books at the full price.

Local events are a great way to find readers. Through Sydney Authors Inked, a group I helped start, I have organised many events in Sydney. Our latest one, 'Writers at the Pub' presented by Sydney Authors Inked has proved popular. You can find more information and where our events are held on our website.

Through Sydney Authors Inked, I have organised many author and book related events.

You can also approach local libraries and ask them to stock your books as well as bookshops, who usually only stock on consignment. This means, you leave say five copies of your books with them, and they will be in touch once they are sold. They will keep copies for three months then ask you to collect any unsold copies.

Merchandising Material is a Good Idea

Books are static products. Merchandise is mobile advertising. A tote bag, mug, bookmark, or T-shirt keeps your title, characters, or brand visible long after a reader leaves an event or store. Promotional companies will give you other merchandising ideas, do a search to see what is within your budget.

I have produced tote bags and bookmarks. The bookmarks were cost effective. I produced 3,000 of them and have given them out free. I still have a few hundred left and use them in my book displays while still giving some away. I used the tote bags as giveaways at events. The readers who won them were nicely surprised and have told me they have come in handy.

Paid Advertising may be Useful, but be Careful.

Paid ads can boost your book's visibility but it is easy to overspend without getting a return on your investment. Be careful when you decide to pay for ads, try and keep to your budget.

There are different things you can target when using paid ads - book sales, newsletter sign-ups, or website visits. Start with a small budget to test whether you receive any sales or contacts and be sure to target as precisely as possible. Use demographic and interest filters to reach readers. Use platforms like Facebook and Instagram ads and check out Amazon Advertising. Other social media platforms like TikTok also offer paid ads, they can be expensive though.

This is a recent event presented by Sydney Authors Inked. These events are a collaboration between our group and other local authors.

I have Found Collaborations to be Cost Effective and the Best Form of Marketing Books

Once you become a part of the writing community you will be able to collaborate with other authors and this is a cost effective way to market. Through Sydney Authors Inked, I have collaborated with many authors - I have interviewed them and been part of many panel discussions with good success. One of the best parts of being an author is meeting other authors who all enjoy talking about their writing journey. Tips and ideas are shared helping all of us to succeed.

There are also book bloggers and reviewers who will help you promote your books. Many do this for free in exchange for a copy of your book. These are the best ones to use as Amazon does not allow paid reviews on their site.

Monitor Your Spending, especially for Paid Ads

Self-publishing is meant to be free and if you only publish eBooks, then your spend is very little. Once you start requiring printed copies or produce an audio version of your book, this is when expenses add up. Also, the amount you spend on ads creeps into your budget quickly.

Regularly look at what you are doing and analyse what needs tweaking, deleted from your marketing altogether, or changed up completely.

Find Free Tools and Resources

Having a good book cover is important. Many authors choose a good graphic designer to design their front covers, and full covers in the case of the print versions. This can be expensive, but there are cheaper, cost effective ways of finding a designer, places like Fiverr or Upwork, platforms where you can find freelancers who compete for your work.

You are also able to design your own covers on Canva and other design sites. The free version of Canva is good, although I use the paid version because I design my covers and my social media posts with it. I also do the promo posters and social media posts for Sydney Authors Inked events, so Canva really works for me.

The Relationship with Your Readers is Important

As authors, we are in this industry to sell our books. There is not a lot of money to be made in this saturated market of eBooks, print and audiobooks, but it does help if some royalties from sales come in.

Developing relationships with readers (and other authors) is important. It helps with your engagement to respond to comments, messages and reviews. You can offer your website subscribers exclusive content, special updates or competitions. Be available at events to speak with readers and engage in what they like to read, while promoting your own books, of course.

I hope these tips on keeping your marketing budget in check work for you. Keep positive and enjoy the writing process, it is the creativity feeding your soul, which is worth more than just money.

Happy reading

Maria P Frino