So... I've been doing some more back-and-forth mailing with my editor at the publishing house, and somemore poking and prodding at numbers regarding the Kickstarter, and I can tell you - it's daunting. Very, very daunting.
I would like to offer the book at a price that will end up being slightly lower than the final retails price, because I'd like to give backers the extra bit of "I got a good deal" feeling that I would want at a crowdfunding thing myself.
The problem with this is that it will involve a good deal of guesswork regarding the final price of the book - which can only be calculated finally once we have the finished manuscript, which needs to be translated first. Which is what I am going to run the Kickstarter for.
So there's some guessing involved, and some insecurity because we'll be dealing with currency change from Euro (the campaign will automatically run in Euro as I'm based in Germany) to British money, and the two are not fixed together regarding exchange rates. By now, I have run a lot of numbers, and I can already see that it will need a really, really huge number of backers if the margins are what I am currently expecting them to be. Too huge - it will look rather unrealistic, I'm afraid, so I will have to tweak and poke some more, and try to find a solution together with the publisher.
Things I'm currently planning to add, Kickstarter-exclusive, are signed (and possibly numbered) bookplates. Also possibly with some nice design on them. There will be Thank-you-postcards somewhere in the works. Most probably the majority of backers will just want the book, though, so I will really need to nail down things regarding its pricing.
Stay tuned - and keep your fingers crossed that we'll be able to hit the target when guesstimating things!
I would like to offer the book at a price that will end up being slightly lower than the final retails price, because I'd like to give backers the extra bit of "I got a good deal" feeling that I would want at a crowdfunding thing myself.
The problem with this is that it will involve a good deal of guesswork regarding the final price of the book - which can only be calculated finally once we have the finished manuscript, which needs to be translated first. Which is what I am going to run the Kickstarter for.
So there's some guessing involved, and some insecurity because we'll be dealing with currency change from Euro (the campaign will automatically run in Euro as I'm based in Germany) to British money, and the two are not fixed together regarding exchange rates. By now, I have run a lot of numbers, and I can already see that it will need a really, really huge number of backers if the margins are what I am currently expecting them to be. Too huge - it will look rather unrealistic, I'm afraid, so I will have to tweak and poke some more, and try to find a solution together with the publisher.
Things I'm currently planning to add, Kickstarter-exclusive, are signed (and possibly numbered) bookplates. Also possibly with some nice design on them. There will be Thank-you-postcards somewhere in the works. Most probably the majority of backers will just want the book, though, so I will really need to nail down things regarding its pricing.
Stay tuned - and keep your fingers crossed that we'll be able to hit the target when guesstimating things!