Don't Write That Book

Amazon Ads VS Tik Tok

Episode Summary

In this episode, Mike and AJ are back in the debate ring to hammer out which is better for authors, Amazon ads or a TikTok presence. (Spoiler alert, it’s a secret third thing but you’ll have to listen to learn what that is!) Demystify discoverability, findability and algorithms in this juicy, fact-filled episode.

Episode Notes

Be sure to visit https://dwtbpodcast.com for more information and add your name to start receiving their newsletter. If you’d like to support this show, rate, subscribe and leave a review on your podcast app.

Books/Resources Mentioned:

TCL Publishing Book Sales Calculator

Bookshop.org TikTok

Systemology, by David Jenyns

Shadow Work Journal, by Keila Shaheen

Connect with AJ & Mike:

AJ Harper, website 

Write A Must-Read  

Free resources

AJ’s Socials:

Facebook

LinkedIn

Mike Michalowicz, website

All books


 

Mike’s Socials: 

IG

FB

LinkedIn

Episode Transcription

Ep 52: 

“Amazon Ads v. TikTok” 

Mike Michalowicz: Welcome back to the Don't Write That Book podcast, where you can  learn how to write your bestseller and own your authorship. Follow along with us as we give  you an insider's view of the book industry. Now here are your hosts, myself, Mike  Michalowicz and A. J. Harper. This episode that we're just about to do, which is Amazon ads  versus TikTok, or maybe in conjunction, we'll discuss that. 

Um, it's one I'm really looking forward to. Now this is something we talked about literally  last night. We said we gotta put this together. Um, so it's kind of a real live, as-we-go  experience that's happening right now. And so that's why I'm particularly excited about it.  Because I want to reel some stats that you don't even know about, um, that's happening right  now that we can, we can speak to and live adjustments that's happening on Amazon as we  have this experience going on. 

So that's the big tease. Um, but what I hope our listeners discover is additional ways to  promote your book that perhaps you're not using yet, and maybe you want to consider  Amazon ads. Um, maybe you want to consider Tik TOK and I'm going to say why one's  better than the other, at least for us, before we kick it off, I want to welcome my co-host, AJ  Harper, and AJ is not just a friend. She's an extraordinary writer's not the right word. Author's  not the right word. It, you are the authority in the space, but also a matriarchal figure. So  many people have, or at least contest that they have expertise, but they're doing it as a greater  than now. And what I love about you, AJ, is you embrace other authors and, and you are  willing to walk the journey with them over and over and over again. 

And while you yourself have written. Dozens, hundreds of books, the, the, the thousands of  authors that you've put your arm over and walk with them is, is just remarkable. So thank you  for doing this with me.  

AJ Harper: Thank you, Mike. That's so nice. Um, it's funny. You say arm over their  shoulder and walk with them. Did you say that? 

Mike Michalowicz: I did? 

AJ Harper: Arm over them? That's so funny Because that's, that's my Mike editing pass arm  over the shoulder. That's right. Totally. But that's who you are. Sometimes people ask me if  you're really like that. Is that really Mike? And you are, um, that is not a, we're not scheming  or contriving the arm over the shoulder. Tonal editing pass is there because it's legitimately  who you are and how you care about entrepreneurs. I think we have a lot of things that are different about us, but that those core values about how  we care that for the people we serve is probably why we're good friends.  

Mike Michalowicz: Yeah. Great friends. Great friends.  

AJ Harper: Yeah.  

Mike Michalowicz: You know, I define great friends as we have the real conversations, the  celebrations, the struggles, the disagreements, the agreements, uh, and every time come out of  that stronger and more connected. 

AJ Harper: Yes.  

Mike Michalowicz: Um, and I, you know, also you think of a great, what defines a great  friend? I can't think of a day. I don't think of you that I consider you that there's a thought in  my head of something You shared that we've experienced together. Um, I just noticed that  recently. I think I think of AJ every day. 

AJ Harper: Well, I mean part of it is the work we do. We are in writing season after all  Mike Michalowicz: We work together. And particularly in writing season. 

I'm so excited about this episode So I want to dig right into it, but I want to start off with a tip  You because this is something we deployed, uh, maybe two months ago, and we have seen a  measurable, not significant, but a measurable result. Something I learned from Allen Dibb, so  I do that retreat, you know, we do it down at Don Miller's place, and we just went around the  room and said, you know, tell us something you, you don't think we know. 

And Alan's like, “Oh, you can have an Amazon series.” I said, “I don't know what you  mean.” Amazon designed this originally for fiction books, but it works in nonfiction too,  where you can have a series they call it a part of. So if you go to any of my author books,  Profit First or Get Different or All In, we registered it with Amazon as a series. 

So today, if you go to Profit First. Listed in, I call it the buying triangle. The buying triangle  is where people are considering shy bias book or not. And so buying triangle is my own  word. But the triangle is I look at the book cover and say, is this relevant? The book title, I  look at the stars, what kind of rating does it have? 

If this is like a four star or less, probably not a good book. If it's a four and a half stars or  higher, probably a good book. I look at the quantity of reviews. If it has like a hundred or  less, not reviewed by many people. If it has. A thousand or 2000. Wow. If it has 10, 000 or  more, my God, the world's reading it.

I look at that. Well, in that little triangle area, um, you can also get some other things that  bolster your book potential. One is a bestseller flag. So in your category, if you have a  consistent bestseller flag, um, it's another form of nomenclature, but it's also another kind of  call out of significance. And I think it influences buyers, but there's another thing you can get  in there, which is the part of series.  

So when you discover if Profit First is the first book you discover, there's a link right in that  triangle area that you click on it. It shows you all of the other books. This works for fiction or  nonfiction, but you do have to have a series name. So because my big promise to our  community that we serve is to simplify entrepreneurship, we call it Entrepreneurship  Simplified. That's the name of our series. And so what's cool is you go there and it says Profit  First is part of a six book series called Entrepreneurship Simplified. So I invite you to do it. 

You may be asking, what are the particular steps? I don't know because I asked Andrea to  take care of this and she found out how to do it. She called our publisher, but you can do it. I  believe through KDP, there is a way to communicate with, with Amazon. Inevitably, there is  a contact us at the bottom of the Amazon advantage or KDP page, where you can talk with  someone literally on the phone, at least until recent. 

Months I've been able to talk to someone or submit an email request. So, um, do that. Here is  the, maybe it's anecdotal, but there is one measurable stat is I did have a reader say, Oh my  God, I didn't realize you had a series. I just bought the books. So that was one reader email  that came in saying that, uh, AJ, you have something to share. 

AJ Harper: Yeah, when I had my publishing company, we routinely had series, you know,  we had, um, authors who had multiple books, you know, uh, in the same, um, universe, so  typically sci fi and, uh, uh, fantasy, so it's just, it's just a choice, it's a field that you can  choose on KDP, so you can easily go back in and correct that if you already have it, it's not  that hard, you just go into your KDP account, and you add the series component,  

Mike Michalowicz: So what we're going to do and something exciting is going on today and  why I was excited to talk about this topic is we have a big hit going on in Tik Tok. 

Uh, we also have done a lot with Amazon ads. So we're going to explore both, but let me tell  you a little bit about what happened on Tik Tok. And I'm curious if this series serves us.  Profit first, as of this, let me just refresh the page here. This is the Amazon page. The ranking  and the ranking, you go to the page of the book and you scroll down, I would say half to three  quarters of the way it's ranked right now, five 91. 

That's the overall ranking. So what that means of the Amazon domain, all the books, they sell  millions of books. This is the 591th best-selling book in the current hour. And they update  this maybe every five or six hours. So it's for a period of time. That's where it's ranked in  comparison to all books.

So one way of saying is the 591th best-selling book in the world, if Amazon represented the  world in this moment, that is a pretty substantial ranking. And there is a calculator, a tool you  can use to see what that translates into to book sales. But we won't spend time talking about  

that. I want to tell you why I went to 591 as comparatively Profit First was, and continues to  be an extraordinary seller for, for me in, in compared to many books. 

In the recent months, the last six months, it's been averaging around 1500 as a ranking, which  is actually off of our typical best was around 900, which is where it was consistently ranking  at 1500. We've been selling maybe, uh, 1200 books. Uh, a week where when you're ranked  around 900, we're selling about 2000 to 2,200 a week. 

So you can kind of see, uh, there's not, there is a correlation, but it's not a linear translation.  Because if you, if you're ranking drops by half, you don't double your book sales. You may  quadruple it. So the, the jump from where we've historically recently been 1500 or so to 500  doesn't mean that we have three times the book volume sales. 

We have maybe 10 times. It's a significant jump. Well, the nice thing about looking at  rankings, anybody, everyone look at your rankings every single day for your book, because then you can try to do some correlation to what's doing it. Book ranking had a big jump  starting yesterday morning. Um, knowing there's a six-hour lag time, uh, you look back what  happened six hours prior or the day prior or the day prior to that. 

So you can simply look what happened the last two days prior to this big jump and determine  if anything changed, if you can identify it. Well, sure enough, we had a TikTok video that hit  it. What I mean by hitting it is as of yesterday morning, it had 15,000 views. So that's not  massive on TikTok, but for us, it is because it was my own video. 

It was a video of me doing a presentation on Profit First, but it was a little clip. I think it's a  60-second clip and it's an old school one, maybe the pre-Mike, you know, Beard. Uh, so this  goes back probably eight years now or something. There's an old video, maybe talking about  Profit First, a little clip from it. 

And that video, uh, had 15, 000 views in the morning, had 17, 000 views a couple of hours  when we checked later by the end of the day, I think it was like 19, 000 views. And we see  the book sales continue to thrive. So like, Oh, there's a correlation between TikTok. We had  another instance. I'm someone talking about Profit First

This is about a year and a half ago. It was not me. It was someone else on TikTok. It was a  store owner. They do like t-shirt printing and so forth. And she mentions how she uses Profit  First that got 300, 000 views over a period of time. And we saw a massive leap in the book.  Profit First ranking dropped all the way down to… One, one time we checked, 29th in the  world, 29th bestselling book in the world. It was a top hundred book big time. And we moved, we can directly correlate 2,000 print  book sales during a one-week period specifically to this TikTok platform. So TikTok frigging  matters.  

AJ Harper: I love you that, you know, this, this is. Because you hear, you hear, you should  be on TikTok, but you don't actually understand how it correlates to book sales. 

And that breakdown was awesome. That was so good. Especially something I didn't know  about how it could mean ten times or quadruple. That it's not, It's not what you think. It's  actually a much bigger deal than you realize.  

Mike Michalowicz: Yeah. Yeah. It's kind of like a—  

AJ Harper: Lower in the, in the bestseller ranking. And incidentally for listeners, we'll put  the calculator link in the show notes. 

Mike Michalowicz: Yeah. Yeah. There's a third party that does it. I can't remember.  

AJ Harper: It's TK publishing and I don't know why they, why it's there, but I use it all the  time.  

Mike Michalowicz: I use all the time too. It's great. It T T K C publishing. So when we like  that, yeah,  

AJ Harper: It'll be in the show notes.  

Mike Michalowicz: Yeah. Let me share something else that's happening. 

So this is definitely my wheelhouse. Uh, Amazon. Yesterday or this morning. I think it was  this morning modified the Profit First page to capture the inflow of traffic. I'll tell you  exactly what they did. So, but let me give you a little preamble Amazon and it's quite  possible. Other sites do this, but Amazon is the 800-pound gorilla, currently. 

And so we have to understand that other site works as best as we can. Amazon will modify  the page on an hourly basis, if it's to their advantage. So if they see, this is my conclusion,  this is not based upon their reports because they don't report some stuff, but they're  monitoring the traffic that's coming to each page and they constantly optimize it. 

They're modifying the page to optimize it. The price of the book went up $2 this morning. So  what they're seeing, it was selling for $10.55. So I'm sure, sorry, it went up 3. It's now $13.55.  And if you're listening to this episode, I invite you to go to the Amazon page, look at profit  first and see what the price is at that point, what they're doing is they're, they're saying, based upon how many people are visiting the website, what price can we charge to not curtail  demand, but to maximize our profitability. 

So they're constantly tweaking the price. But interestingly, at the same time, they introduced  a coupon. This is a new feature in the last year and a half or two where you can click off on  the coupon, which does apply a $2.89 coupon, effectively getting the price back to the  original price if you click on it. 

Well, what I'm assuming, and this is clearly an assumption, a portion of people don't see the  coupon or don't take the one additional action step. To get the price back to the prior price  point. So some people just don't leverage that. And they're, they're paying a premium  unnecessarily. Conversely, I wonder if Amazon does that to enhance the conversion. 

They say, well, some people are shopping because it's a rush and they're not paying attention.  Other people want the best deal. And so we can convert higher by giving a coupon to people  that want the best deal, and the people are rushed? You're bad. You're losing $3. And I  wonder if that's how they're responding to the demand. 

Okay. Perhaps, perhaps. So, um,  

AJ Harper: Who's paying attention to that stuff? You, the only person paying attention to  this stuff. That's great.  

Mike Michalowicz: So we, uh, we in the office yesterday started high fiving. When we saw  the tick tock video in the morning, hit, uh, Andrea Conway is our in-house, Marketing  director. Uh, we actually don't have titles in our office, but that's the function she serves. 

And she came in smiling ear to ear and like, what's going on? She's like, TikTok is hitting it.  Let me give you the preamble. Andrea and our team has been working on TikTok for 14 or  15 months, like devoted to it. And it's been frustrating because we're like, what is the secret to  having a video that goes viral, if that's the right word? And most of our videos get about 600  views. That's the average view. And it's just been a production of quantity, the video that hit.  So here's what the thing is. I don't know what to attribute it to. I assume you have to make the  effort of producing video after video after video. 

It's not like you put one up and you got the right formula that time you nailed it. But maybe  that's true. We did modify what we've done. So we were doing quick tips where I spoke to  camera and just shared a tip and idea. We've done personal videos like, Oh, check out what  I'm doing in my yard. And we did two newer format videos for us that seem to gain more  traction. 

One is I do another podcast called “Entrepreneurship Simplified” where I'm in our little  podcast studio, not the one AJ and I use. That's a little more. Technically sophisticated. This 

is a little more hacked together, but more video friendly studio. And it's me and another  colleague from the office, Amy, and we have a dialogue. 

And what we're using is we're taking clips from that and just sharing these short 30 second or  so clips of an idea that I have. Those seem to be doing better in general. So we're, we're  clipping up content, but the one that hit was a speech I shared from a while back, but we  started to do this now recently is taking a speech I do. And then taking out these 30 to 60  second clips and putting them on TikTok, that's what, that's what's worked better. Now, we've  done a lot of these 30 second clips and they're getting, you know, 600 views. So, my final  kind of consideration is, TikTok is the authority. It decides if you will, or they decide what  goes viral because they decide, the algorithm decides, who sees what and when. 

So I don't know if it's measuring the consumability alone from the 600 folks and saying,  wow, they're, they're watching more of this or if there's some variables are measuring, but  they're also through the algorithm electing to present it to a lot more people. The thing is,  People take action on this. We don't have a TikTok store. 

I invite you to consider that we want to have one just because we have publishing  arrangements, in this case with Penguin. We can't have a TikTok store. We can't sell direct.  Um, the, the feedback we were getting from people that have TikTok stores is they move a  boatload of books when they do have that. 

But it just points to that people are willing to make the effort of watching something and then  go and search this and pull it up and make a purchase.  

AJ Harper: You actually uh, you could have a TikTok store for the books you self-published  Mike Michalowicz: for you self-published. Yeah.  

AJ Harper: Yeah, so you should make a store. You have Toilet Paper Entrepreneur. Mike Michalowicz: Yeah, that's a good point for tpe. Yeah. 

AJ Harper: My Money Bunnies, your children's book. And can we just say what if you tried  to revive Surge and you even make a point of saying, “This is my book that tanked and it but  it's a really good book, but I did a few things wrong. But this is a really good book,” and  here's the point. What if you tried to revive it on TikTok? TikTok loves an underdog story. 

Mike Michalowicz: Oh, that's an interesting— 

AJ Harper: I’m just saying… Because why don’t you try? Because you can sell it. How  many copies you have sitting around? 

 

Mike Michalowicz: Yeah. Not, not many anymore. We've actually sold out. Uh, we moved  to soft cover. So we're on POD now with it, but print on demand.  

AJ Harper: Okay. But that's easy enough. Easy enough. Just saying you could absolutely at  least sell those and you could just say in your TikTok store, “You know everything else is  traditionally published.” 

And then here's what you could do is If you don't have a TikTok store, you can connect to the  bookshop. org They have a TikTok store. So that's the indie bookstore version of Amazon  You, they have books, bookshop has their own, so you can link to that.  

Mike Michalowicz: That's yeah. Is that book talk the bookshop or is that to do it now? 

AJ Harper: Bookshop is its own thing. It's for indie booksellers. So it's an alternative. If  you're not an Amazon person and you really want to support any booksellers, you can go to  bookshop. org and, um, but they have a TikTok shop. So this is something I've recommended  in my newsletter a few times. If you don't want to do your own TikTok shop, which you  might not want to do because then you have to ship stuff. 

Right. But, but that doesn't matter. You could, you could just link to bookshop. org and  they're, they'll ship it because that's, that's what they do. They have their own Tik Tok shop.  

Mike Michalowicz: And we, yeah, we're on there. We have an affiliate with bookshop.org. here. Here's one thing that we're doing that I don't know, AJ, if you know, we do maybe, so  we track our sales of every book every week and record it in a master spreadsheet. 

What I believed to be true, which AI proved not to be true, was the highly correlative effect  that when a new book has movement, sells a high volume, that all the other books move in  alignment, or at least get a nudge from it. During a launch, there is a minor nudge. So if we  launched a new book, the backlist does get a boost, but it's minor. 

But I also assumed that when what's happening with Profit First today, you know, at 591, we  may move in the last two days, we may have moved three or 400 books above the norm,  maybe even 500, 600 that, Oh, we're going to move, in the past, more All In books and more  Get Different and so forth. I want, but, but AI did the analysis and said it was no zero  correlation between that. 

So a jump in one book did not correlate to a jump in other books unless it was a launch period  and it was minor. I wonder now with this series, the part of series on Amazon specifically,  correlative effect? So we'll track, we are tracking the data for this week. We'll track it for  every week going forward. It may take time in retrospect to determine it. But, uh, we may have some anecdotal data at  least at the end of, of next week, because we're always one week behind in, in getting the  actual data in and see if there was a correlative effect. There's been another way we've been  trying to move books is which is Amazon ads. 

And we did this in three phases. One is we did it, we tried doing Amazon art ads on our own,  um, and we tried the different mixed bads. You can have, I'll scroll on my page right now.  You can have a section where it says, um, products related to this item. And as a sponsored  section, those are people paying for those ads. 

Uh, you can have, um, even near the triangle at the top, kind of the, the, the landing section  for a book, you can have a, uh, a direct sponsor. So right now on Profit First, there's a book  called Systemology by, uh, David Jenyns that is listed. And it's a big, boxed ad. That ad costs  likely significant money because it's, it's the exclusive book highlighted there. 

So we tried that and we could not find a way for it to be profitable, meaning we were  spending more on ads than we were generating when we were selling books. I also concluded  because we turned it on and off, so we'd run it for two or three weeks and we turned it off for  two or three weeks. We turn it on and off. 

We also identified in that time that when it was off, our book volume of sales didn't drop or  didn't increase, which meant someone was looking for, let's say we're advertising Profit First.  Someone's looking for Profit First and they saw the ads, they clicked on it, but if they didn't  see the ad, they were still finding it through the natural search. 

So it didn't seem like it was influencing people to buy a book, at least in my case, that they  weren't aware of. They were seeking it out. And they were just clicking an ad, which was  costing me money, but not driving more demand. The second iteration is we hired a  professional service. And they were much more focused on the low-cost ads to see if there  was a conversion. 

And the same thing, we did on and off, and there wasn't any gain. So we said the first time,  maybe I still know the ads to write or run, and maybe I'm not putting good copy. They, they  started doing this optimization and that didn't work after two or three months. So we  disengage the service. About a year later, uh, up until the last month or two, we hired the  service again, the exact same company. And what they identified is that Amazon had changed  its, its advertising platform and they showed, and they showed statistically that they were able  now to sell books at a volume above and beyond what it would be direct clicks. So we hired  the service again, they ran it for three, four months. 

And they came back and said, no, in your case, we can't sell more books. What the  conclusion is, is that in a book that has a degree of popularity, that, and we did this with All  In, by the way, not with Profit First, we did with all in because of the launch period, perhaps,  but there was a degree of awareness about the, around the author, me and the book title.

At least there's enough awareness that it didn't drive more sales. The other thing was the cost.  So we were paying roughly $4 to convert a book sale when clicking on ads. So that was our  fee to Amazon. We make roughly, you know, $3.50, maybe $4 per book. If we're lucky about  

that $3.50 books. So it was a losing proposition. 

There's another side and we got to do a debrief about this in one of our episodes in the future  around All In, we're doing a profit share and All In the first royalty check came out. Did you  get the check by the way? Did Kelsey send you ..? 

AJ Harper: I got money, but I don't, I didn't get any explanation. So. 

Mike Michalowicz: All right. So we, we should go through it. The profit share in All In netted out my, I didn't, I have, I'm going to go in detail. I have a flight going to Australia. I'm  going to dig into this, but, uh, we got about $3.50 a book. It was about the exact same dollar  amount. It looks like, and this is the first blush test is there's a lot of upfront costs that we're  sharing with one-time costs with Penguin. So, um, we're carrying that burden with them. So if  that's, if I'm reading that correctly, then future royalties, that one time cost now has been  absorbed, will be greater over time. So per book. 

AJ Harper: I hope so, but I don't think it's, I mean, I feel like it's to their benefit whenever  it's net.  

Mike Michalowicz: Totally.  

AJ Harper: So when you, when you, when you're dealing with a profit share, you're dealing  with net versus when you have typical traditional royalties where you're dealing with list  price. 

And so that's fixed. And listen, no one ever did an audit with a big five publishing house and  came out in the win. Like they will always win. 

Mike Michalowicz: find a reason,  

AJ Harper: They will always win.  

Mike Michalowicz: Yeah. Yeah. No, this isn't, this isn't, yeah, I'm not accusing anything.  

AJ Harper: Oh no no, I’m not actually saying anything nefarious. I'm just saying like, it  doesn't work in it. It doesn't. Yeah. It's there are other reasons to be working with them. Yeah.  

Mike Michalowicz: So, our conclusion is Amazon ads does not work when potentially two  cases. One is If your book title or you as an author are recognized enough that the consumer  is seeking you as opposed to more consumers are seeking you out as opposed to, they know

no one knows of your book or name and therefore you want to trigger that stumble upon with  the analysis. 

I would do is say, who else is in my category that I'm writing? So in the business space, I'm  trying to think of someone that's super popular in the business space. Uh, let's say Michael  Gerber, because that's an old name and maybe isn't popular anymore. And even folks  listening in may not recognize the name, but he was a big name. 

And when I was starting out 15 years ago, when we put Toilet Paper Entrepreneur out there,  no one knew of that book. I wonder if the ads existed back then that we could have gotten  captured that stumble upon someone looking for Michael Gerber, but we present Toilet Paper  Entrepreneur. So if, if there is a large gap of awareness between someone else as an authority  and you advertising may be an opportunity and something I think you should test. 

The other awareness is if it's costing $4 to get someone to convert. That's on a, on potentially  a known book title, known author name. Maybe it's going to cost up to 6 or more. I don't  know for you to convert. You got to do it in a sustainable, profitable way. So if you're self published where you can net eight, maybe $10 a book, but let's say $8 a book after all costs,  well, now you're coming out ahead and now you, you know, it costs you six, but you get back  eight. 

Now you have something that's a perpetual motion machine and could tip the scale. So just a  thought. 

AJ Harper: Just just that stumbled upon, that's the actual term in the industry called it. Yeah  No, no, not that way. You said it but it's called the discover ability So there's there's find  ability and there's discoverability. And there's, those are two different focuses in book  marketing. 

Mike Michalowicz: Can you, just for clarity for our audience, can you define each one,  findability versus discoverability?  

AJ Harper: So, discoverability is just, we say, is, does somebody discover the book, how,  how, how can you increase the chances that a person will, as you put it, stumble upon a book  and say, oh, hey. And so it's everything from, uh, spotting a recommendation on. 

Online on amazon too. Uh, is it something that you encounter when you're walking through a  bookstore? And how do you increase the chances of discoverability? Examples of discrete  increasing chances for discoverability are the books facing out at the bookstore. Is it on the  front table? Is there a display of some kind? 

All that stuff is for discoverability. Um Then we have, you know, online versions of that,  right? Then findability is, can a person find the book they are looking for? And you might  think, well, how hard is that? Well, it can be if you aren't using consistent metadata. So metadata is the information about your book, the title, the subtitle, the author, the book  description, the price, the ISBN, the page count, the pub year, you know, all that stuff, just  the, the data about your book. 

And you'd be surprised how often it's actually inconsistent. And part of the reason is as you  are in the ramp up to publishing, sometimes a cover changes, a title changes, the book  description gets tweaked. Now you have it's different here or there. And there's not  consistency. And then that makes findability more difficult. 

And there are other factors with findability, but so one is, can you find the book you're  looking for? And it's not just the metadata. It's also, is it available where it needs to be  available? You know, that sort of thing. And then the discoverability is the stumble upon.  

Mike Michalowicz: While you were sharing that, I wanted to pull up some of the data  analysis. It is TCK publishing, but you can also Google Amazon book Sales Calculator to  find it. But I also did a comparative. I went on chat GPT. This is something I've never done  before. So this is talk about raw and live. I went on chat GPT and said, the book ranking for  private first hardcover is 591. What does that translate to? 

It says, uh, roughly, you know, it's an estimate of, uh, it always discounts or, or it's a  disclaimer in, and it says a hundred copies per day, the bestseller ranking calculator on TCK  publishing says a 591 ranking, uh, sales per month are 31 3,164 a KAA hundred a day. So I  guess either one is a pretty darn good, accurate, uh, measurement. 

What's interesting is the book calculator, the TCK publishing one also gives you a one-day sales, which will sound at, at first blush that they, there's not a correlation here. It says 211  books likely sold in one day, but the sales month will be 3000, which is much less. You'd  think a 200 a day, you'd have 6, 000. 

And there's a kind of a laggard effect when a book jumps to a high-ranking point, it's because there's a surge of sales. If it sustains there, I believe it's an averaging over time and to be as  sustained five 91, you're sustaining actually a lower volume, but a certain volume  consistently. When you have a big jump, you have a surge of sales. 

I believe that's how the calculation works. ,  

AJ Harper: Yes. Because part of, part of the factor on Amazon is momentum relative to  other books in that category. And well, if it's the main BSR relative to all other books. 

Mike Michalowicz: You know, what got us excited about TikTok was just watching what  Colleen Hoover did. Colleen Hoover, uh, how many books does she have in the top 100 at  any given time on Amazon? I mean, still has three or four books in the top 100. I think she's the best-selling fiction author  in the last five years. (Probably.) And, and there was an interview, I think I shared it on a  different episode of our podcast. She was interviewed in the wall street journal or New York  times. And they said, what do you attribute your popularity to? 

And again, I'm paraphrasing. She said, “It's not my writing.” Like she argued, she's not the  best writer in the world, but she goes, it's my popularity on TikTok. My belief is because I've  watched some of these Tik TOK videos of people talking about Colleen Hoover. I was so  interested. I've read some of her books. It's just not my genre. So it just didn't land with me. I  read, I think It Ends With Us or something just didn't land with me, but it was interesting.  Um, it was my wife read it too. And she goes, Oh, it's highly consumable. She goes, it's, she's  the cotton candy of books. She says, like you get this instant flavor and it dissolves and you  put some more in your mouth and it dissolves. 

What I've noticed is the TikTok emulator. So one person says, this is the book you got to  read. Other people are like, you got to read Colleen's book. In some of them, they were  literally holding her book. There wasn't a crack in the seam. I mean, in the spine, I mean, I  don't think they've even read this book. 

They're just saying it because someone else said it. So there's this emulation, I believe that  happens to on Tik Tok or anything that goes viral like that.  

AJ Harper: But we hear Colleen Hoover all the time, but there's a lot of other people who've  had their whole careers launched on TikTok. I did some research and saw that she Sarah J  Mass or MAHs, M-A-A-S, who's a fantasy writer, actually waste her past Colleen this year. 

So Colleen did something like 1.2 or 1.6 something books this year, which keep in mind, she  didn't have a release this year. So that's what she's selling.  

Mike Michalowicz: That's not too shabby for a backlist at one point. 

AJ Harper: That’s pretty good. But, uh, Sarah Maas, sold 3.1 million copies. Um, and that  she has sold more than the top 10 new books combined, combined. 

Mike Michalowicz: TikTok specifically? 

AJ Harper: Yeah. She's a fantasy and she's a fantasy author, but then nonfiction is harder.  Nonfiction doesn't get the numbers that fiction gets. Um, book talk, which is a, a subculture  on TikTok. So TikTok has different subcultures and book talk is a big one, and that's really  just anybody who's, it doesn't, you don't have to be an author to be on BookTok. 

In fact, it's mostly just people who love to read and talk about it. So BookTok is primarily for  fiction, but don't discount nonfiction. It's just a lot of people are reading fantasy, romance, thriller, these very consumable. Yeah. Um, yeah. And, and, and loving it. Um, and also young  adult is really big. But then everybody heard about, and I think it's Kayla, K E I L A, if I'm  mispronouncing her name, I apologize. 

Shaheen, she, everybody's heard about this, um, she self-published a shadow work journal,  and that sold over a million copies, and then she got herself a multi-book deal with Simon  Schuster. Um, it was just a journal about shadow work that she published. Um, so that's, that's  nonfiction. So don't discount nonfiction. 

It's just, um, maybe we need to go about it in a different way. So one of the ways that that  worked for her is, um, an, a person on TikTok was talking about the shadow work journal and  holding classes for the shadow work journal. And so helped push that over the edge. Um, so  another person was talking about the content in that book. 

Mike Michalowicz: So interesting that she then got a multi-book deal from, from Simon  Schuster. That does seem like this is the current status of traditional publishers, that they're  that're moving to the proven, like, until a book is working, it's too big of a risk for them to  make the investment.  

AJ Harper: I don't know if that's true. 

You could be right, but I feel like they just my view is whatever exciting thing happens with  social media is they decide that's the way and because of that discoverability factor that they  still can't crack. Right? So they don't really know. Do you know what I mean? They have a  pretty good idea, but they don't really know. 

And so when someone breaks through like Colleen or Sarah Moss or, um, um, Kayla  Sheehan, who wrote the Shadow Work Journal. Oh, it's like, they all just run like lemmings.  That's, you know, now it's TikTok and before it was something else. And, and right now it is  TikTok. So, you know, when I'm working with authors on book proposals or whatever, they. 

Or thinking about it. Say, just get the dang TikTok. Just do it. I mean, don't fight it. Yeah.  You know, don't fight it because that, that's where it is right now and it's gonna be something  else later. But, you know, if the, if the publishing industry thinks that there's money to that's  the way, then that's where they're gonna say, go do that. 

Even if they don't understand how it works, even if it's not working for everyone, they're still  gonna say it.  

Mike Michalowicz: I think there's, there's tremendous value there. I was the guy who wants  to fight it. And my argument to myself was, well, TikTok is going to burn out. So I didn't join  it soon enough. And therefore I shouldn't pursue it.

The reality is you don't know how long it's going to last. You don't know what the next thing  will be. We thought it was going to be Clubhouse. This is a few years back. If you remember  that platform and tons of people ran to it and went nowhere. So, so it's not too late. We only  started TikTok. We only started TikTok a little bit over a year ago and it's been a slog and  

we, and we think it's not working. 

And then this may be the only hit we have on TikTok for another year. I don't know. Um, but  we're having momentum and we're seeing an impact.  

AJ Harper: So, I, I do want to say that I think a big factor was that I can't, I don't know the  gentleman's name who, um, promoted, Shehan’s shadow work journal, but one of the cool  things about tech talk is you can get an affiliate commission, but the person who is giving the  affiliate commission can set the commission. 

So on Amazon, you get an affiliate commission of three to 4%, but the author can set a higher  commission, which then is attractive to various peep BookTokers who want to get the  commission. So the dude who was talking about the Shadow Work Journal, he, and did some  classes around it and the whole deal, he sold 40, 000 copies of the Shadow Work Journal,  which gave him 150, 000. So he's super motivated because she was able to set the affiliate  rate. I think it was at 15%.  

Mike Michalowicz: That's it. Yeah. Yeah. Because you're talking about over $3 a copy.  

AJ Harper: Yeah. But it was, you know, she's self-publishing a journal. Like it's all, it's, you  know, there was money there, but that can tip, maybe you aren't going to keep doing it, but it  can tip you over so that enough people are talking about it. 

And then you can change the commission if you need to, but you can't do that on Amazon,  but you can do it on TikTok.  

Mike Michalowicz: So interesting. Yeah. So interesting. So the, the takeaway is get on these  platforms and test them out for yourself. You have to measure what's working, what's not  working, but be aware of the big trend. 

The Amazon ads may work for you, but I wouldn't just do it because you hear it can or  doesn't work. I would test it. Same thing with TikTok. I wouldn't, I wouldn't ignore it. I  would see what others are doing, but I would test it and try it out. The thing we realized in  TikTok is it took us a good six months to learn how to produce relevant, good content that  was consumable without much effort. 

Literally, I was getting four- or eight-hour blocks, like, like a full day. Erin just managed my  schedule where Andrea's like, we need Mike to produce videos. And I got to sit there and  think of these really novel ideas to get a concept across. And while they ended up being what  we believe to be interesting and consumable videos, We're getting the 600 views again.

And then when we took an established presentation or speech, many of them got 600 views.  It was no effort. I already did the keynote and took it. The other little tip I have too, is I have,  uh, I think five or six keynotes coming up in the next two weeks. And, um, some will be on  Profit First, but I'm also doing Get Different speech. 

Uh, I'm also doing fix this next couple other ones. When I do these presentations, even if it's a  routine one, like profit versus very routine for me, there will be elements that are new. I'll try  something new or something. And then I just, now we're just carving those out and saying,  Oh, Mike did the Profit First speech. 

He did one, we're just going to carve that up and we're done with his Profit First speech.  We're taking each one. And we're carving out either new segments or an established segment  that may just presented with a different flavor or different juice to it. There's always  something new every time you record something. 

So the ultimate repurposing of content.  

AJ Harper: So I've been wanting to get on TikTok. Well, okay. Let's be clear. I don't want to  get on TikTok. Let's just, let's just. Yeah. 

Mike Michalowicz: (Laughs) I hear you.  

AJ Harper: Sade, who's my marketing director, who's amazing, would really like me to be  on TikTok.  

Mike Michalowicz: Yeah.  

AJ Harper: He's given me assignments. I have to say I have avoided them like the plague. 

So I totally get it. But now you're opening my mind. I have all this content. that I've recorded,  free stuff I recorded, really good stuff. It's honestly on my YouTube channel. Um, stuff like,  uh, why I rejected manuscripts, um, when I was an acquisitions editor. You know, you could  cut up that whole hour and it breaks down all these sort of red, I have a whole video about red  flags that editors see and how to not, not have them. 

Um, you know, the things you might not know the editors You're like, Oh, next, I'm not  reading that, um, stuff like that. And I wonder, you mentioned Descript before we did get it  by the way.  

Mike Michalowicz: Oh, how do you like,  

AJ Harper: I asked my team. I don't know my team that I don't—

Mike Michalowicz: That’s a business owner. That's a business owner. Well answered. 

AJ Harper: Yeah, but I think they like it, but I wonder if they could just take some of that  content while I get the, while I get the nerve up to be on TikTok, they could just put me there  without, you know, me having to record something new just to start, just to get it going.  

Mike Michalowicz: And I'd argue that may be your entire campaign. 

You don't have to necessarily do something new. I believe on those platforms, there is a lot of  desire for the voyeuristic experience. So it's the fact that you already have something out  there and I get to be a fly in the wall and consuming it. I don't need something where you're  designing something specifically for me. 

I just get to observe something from afar. Um, I was on TikTok for a while, but I noticed also  the addict, how addictive it is for me. Uh, one particular day, I was like, I'll be on TikTok for  five minutes and I ended up watching it for, I don't know, a guy watching— 

AJ Harper: What were you watching? 

Mike Michalowicz: Guitar videos. 

AJ Harper: Guitar videos. 

Mike Michalowicz: Yeah. 

AJ Harper: I watch. I like to watch, um, people talk about Sister Wives. 

Like I don't, I don't have anything else going on. I'm just watching like on tape. I should be  watching your stuff or whatever stuff about books.  

Mike Michalowicz: No, no. I'm just,  

AJ Harper: I'm just listening to people rant about Sister Wives.  

Mike Michalowicz: But I noticed when I was watching my guitar videos, I was watching  some of the lessons. And then up comes these historical videos of guitarists. 

And I was like, wow, I was just watching this. So, uh, um, I'm thinking like, uh, Chuck Berry  has like a crazy amount of content out there and he's— 

AJ Harper: Oh, that would be addictive.

Mike Michalowicz: right? He's long past. And Eddie Van Halen whose past has content out  there. So, uh, you, you can take your historical videos. There there's proof of it and people  want to consume it because there's a voyeuristic component. 

There's something exceptional and extraordinary about that or within it. And, um, you watch  it. I discovered there's this guy named Bucket Head. He's a guitarist. The guy is wickedly  good. He's, he may be the best guitarist. I wouldn't have discovered him otherwise I've ever  seen. And he has performed with mainstream acts, but that's not his thing. 

And what he, his little kind of costume is he puts a Kentucky fried chicken bucket, a bucket  on his head, um, and wears a Michael Myers mask. And part of it was just to be invisible to  the audience as a personality and just demonstrate his guitar skills. This guy's wickedly good.  And so there I spend hours and hours watching him do stuff I've never seen done on a guitar  before. 

AJ Harper: So you're watching a dude with a Kentucky fried chicken bucket on his head.  Mike Michalowicz: Yeah. Yeah.  

AJ Harper: That's how you're spending your time these days.  

Mike Michalowicz: I know. And I'm like, I'm done with TikTok. Look at me. Look at me.  Sitting there, popcorn in the bed. I'm laying there. It's like three o'clock in the morning.  

AJ Harper: I'm not any better. I'm just listening to a total stranger pontificate about other  total strangers on TV.  

Mike Michalowicz: This is like the, we are two weirdos episode. That's what we should have  titled it.  

AJ Harper: I mean, that would be a long episode though. This was a really informative  episode. I learned a lot from you, Mike.  

Mike Michalowicz: Well, thank you. Thank you. 

This has been a blast. Thanks for letting me share this stuff. And what we'll try to do and post  it next week's episode, because we're recording right after this, I'll keep an eye on Amazon  and only updates every six hours, but maybe there'll be another ranking update and I'll see if I  can get Andrea to share what's going on with TikTok too, so we can get some fresh content  on, on the status there. 

Historically, by the way, it is short lived. So when we've seen TikTok videos go viral, It's a  couple of days historically for us that we see the big surge and it starts to fade away. So we'll 

see what happens next week. We're going to talk about managing your inner critic troll.  That's going to be interesting, especially when you're a weirdo who watches sister wives or  buckethead guitarists. 

I do want to invite you. We say this every single time, but please listen in. And if you feel  compelled to act on this, it would be great. This is our website. It's DWTB. Let's don't write  that book. Podcast. com. There's free materials there. We'd love for you to be on the email list  because that will keep you posted on current episodes. 

We'll give you bonus content and my big dream. And you got to email us. Some people are  starting to email hello at dwtbpodcast.com. I want to do a live show, AJ and myself up on  stage, you in the audience, but we need a hundred people here. We got to rent out a small  theater and do a live episode. And maybe that's the one we convince Steve, as AJ would call  him, or Steven Pressfield to show up. 

So, uh, email us and tell us if you want to come to the event and you'd be willing to depart  with, I don't know, a hundred dollars or something so we can fund that event. We'd love to  see you there. Thanks again for joining us with today with thanks for joining us today. We  look forward to seeing you on next week's episode. 

I want to give you that reminder that you should always remember, maybe get the tattoo,  don't write that book, write the greatest book you can.