I lied!!!

February 7, 2012 at 10:06 am (Uncategorized) (, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , )

So…

……in a previous post, I stated that I only had about $650 in sales Dec – Jan.

I just looked up my sales on the Kindle Direct Publishing account website…approx $700 in sales in USD, $70 GBP, and $25 in Euros.  I really must learn to understand the monetary systems a bit better!

I expect that the first week of February will result in approx $70USD in sales and European sales approx $15 in assorted monies.

Anotherwords, off to a slow start, but little progress is still progress, and at least I am building a readership with my $0.99USD priced books and free promotions (where the BIG download numbers occur, in the 10’s of thousands!)!!!

Yes, it would be nice to one day be able to write to support my writing, and write alone, but for now I have to keep my day job! lol It’s a day job I love, so it’s one that I will likely keep until, if, and when my writing income becomes the greater earning power, allowing me the luxury – and priviledge – of being to work primarily as an author whose success (or failure) is at the entire mercy of their reading audience.

That being said, I apologize for my previous inaccurate account of my Amazon sales.  Since this Blog is written in part to chronicle the ups & downs of an amateur author, I was almost certain that someone would appreciate hearing the honest numbers involved in my endeavour (35% royalties for books priced under $2.99USD; 70% royalties for books priced over $2.99 USD through Amazon’s Kindle Direct Publishing). 

I am keeping my single installments of Reaper Series (paranormal/horror for adult audience), Shades of Grey (paranormal/horror for adults), and Getting Lucky (erotica series) priced at $0.99, so I am getting 35% of $0.99 or roughly $0.34 per sale there.  Stand alone titles (such as Her Man [romance] and The Deal [erotica/paranormal]) will also likely remain at $0.99.  I will offer larger collections in the future, which I expect to be priced at approx $3.99 for Reaper I – V and possibly $2.99 or $3.99 for the Shades of Grey I – V collection.

I am going to be selecting a charitable organization with each title, to whom I am going to give a portion of the royalites collected.  I estimate this amount will be between 7% and 10% per royalty.  I will calculate and distribute this amount at the end of every year.

With February/March being the income tax season here in Canada, I am of course concerned about making sure that I accurately report all of my income, expenses, etc. At the moment, my writing income is very small. My expenses have put me in a “loss” situation for 2011 (through the purchase of software, new laptop, printer, filing cabinet x 2, office supplies [i.e. printer cartridge, paper, pens, mouse, keyboard, flash drves, external HD, etc], and other incidentals). 

I look forward to working with the very patient and knowledgable staff at H & R Block to help me figure out those receipts I need to keep track of, and those I don’t — etc. It’s all very…..complex.  Capital losses and write offs and whatnot.  But that’s what the Tax Literate are for.  I fall into the category of Tax Illiterate.  But i’m working on that!

Anyway, my self-assigned break is over, so it’s time to hit the floor and do a round.

Sincere regards and happy reading!

Amanda M. Holt

Amateur Authoress, Night Nurse and Taxation Neophyte

p.s. Reaper V due out on or around February 29! WIll try to promote FREE at that time!  Are you excited? I’m excited! Number V already! Whoot-whoot!

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