I have now accumulated 9 months of empirical data from promotion of my first book TAINTED HERO (released by Champagne Books in Jan). I thought I'd share a few magic numbers that surprised me. I'm sure each author's views may be different, but I've bounced them off several author friends and their own experiences are very close, so here goes:
1. I've advertised on about a dozen sites. Three provided views per week that allowed me to estimate hit to view rates. The hit to view rate was approximately .5% (or 1 out of 200), which was much lower than I suspected.
2. I divide my site hits into two categories: strong (visit excerpt/link/blurb/buy pages) or weak (in and out in less than two minutes). For the strong hits (about half of total hits), 10% result in potential buys (how do I know they're buys? I have an algorithm that estimates it based on visits to a separate buy page and exists to a buy link with an expected value calculator).
3. 80% of my hits across an ad campaign come from the first 6-8 weeks (e.g. new viewers bleed out fast)
4. I get about a 10% submission response rate for contests I run to my mail out list (could very well correspond to the 10% buy rate in item 2. In other words, - about 10% of site visitors/contest submitters are serious.
5. My "unknown source" hits vary between 25% and 40% of total hits depending on how many chat loops I'm in or book markers I've sent out (that's were many of my unknown source hits come from).
Hope that's insightful to some. Other authors may have different experience, but that's mine for what its worth.
1. I've advertised on about a dozen sites. Three provided views per week that allowed me to estimate hit to view rates. The hit to view rate was approximately .5% (or 1 out of 200), which was much lower than I suspected.
2. I divide my site hits into two categories: strong (visit excerpt/link/blurb/buy pages) or weak (in and out in less than two minutes). For the strong hits (about half of total hits), 10% result in potential buys (how do I know they're buys? I have an algorithm that estimates it based on visits to a separate buy page and exists to a buy link with an expected value calculator).
3. 80% of my hits across an ad campaign come from the first 6-8 weeks (e.g. new viewers bleed out fast)
4. I get about a 10% submission response rate for contests I run to my mail out list (could very well correspond to the 10% buy rate in item 2. In other words, - about 10% of site visitors/contest submitters are serious.
5. My "unknown source" hits vary between 25% and 40% of total hits depending on how many chat loops I'm in or book markers I've sent out (that's were many of my unknown source hits come from).
Hope that's insightful to some. Other authors may have different experience, but that's mine for what its worth.
