New and Exciting Market for eBooks
By Jerry D. Simmons | March 19th, 2010 | No Comments » (Click to add yours!)
The demographics for eBooks clearly illustrate there is much to learn about who buys and reads them but we do know that the average age is above 40. We also know that the market has barely scratched the surface and as eReaders become widely available and hit the shelves of mass merchants, the market will likely explode. Where was music before the MP3 and iPhone? It seems that eBooks are heading in the same direction.
Success as an author in the digital marketplace still boils down to finding an audience and marketing your writing. Niche musical groups have managed to find ways to promote their music and themselves via social networks and the Internet so it seems logical that writers will do the same. I don’t believe that publishing mirrors music but I do think that writers have some advantages over musicians and that has to do with the plethora of writing groups and forums.
Although it is frowned upon to join a group or forum and promote you’re writing there are free formats for promotion such as NothingBinding.com.
There are lessons to be learned and information to share but in the meantime, you have to be in the game to play and if you’ve ever considered an eBook, now is the time to move forward and explore your options.
The Economics of Print versus Digital Publishing
By Jerry D. Simmons | March 18th, 2010 | 2 Comments » (Click to add yours!)
Over the course of the past fifty years, the major book publishers of this country have created a system where they have systematically eliminated competition for retail book sales. They have managed to monopolize booksellers by offering an assortment of incentives, fees and discounts that capitalize on their deep pockets and prevent small and niche publishers from finding shelf space for their own titles.
Quality independently published books are having a difficult time finding adequate distribution for the print edition simply because the major houses continue to pour money into the retail sector. They will pay for anything from newsletter placement to author book tours and signings to advertising allowances for anything and everything. This has created a distribution system for print books that grossly limits quality small press titles from competing.
Retailers take a straight 50 percent off the top of every book they sell. Consider a $15.00 trade paperback, the bookstore will take $7.50, distributor will take another 30 percent or $4.50 leaving the independent author with 20 percent of $3.00. If you cannot print enough books to cover the cost of the $3.00 per copy printing then you will lose money on each copy sold. My best guess is that you would need to print roughly 3,000 copies to meet that threshold. The problem is that the quality independently published book rarely achieves a 3,000 copy advanced order.
Now consider the eBook market which is still so new that the major publishers haven’t figured out how to flex their muscles. The distributors for eBooks are not in bed with print publishers, they are digital companies who are willing to give quality small companies a fair chance to sell product. This favors the independent author over print in a number of ways. Plus, retailers for digital content have not set discounts that run standard like the print market because they are all still trying to find a competitive advantage. Another plus that favors the independent author and their eBooks.
Marketing and selling digital content is still faced with the massive problem of how to reach an audience and unfortunately there are no special formulas or secrets that will solve that issue. However, it appears that consumers or digital content are more likely to read about content via social networks, blogs and eBook reviews that are just starting to emerge. My prediction is that marketing for eBooks will start to shift from the traditional methods to more advanced ways of finding an audience through the Internet.
The cost of converting a word document original manuscript to an eBook that is compatible with all formats of eReading devices is a fraction of the cost to produce a quality print book. The eBook market is one where all sales are final which means no returns and no printing costs or warehousing, shipping and handling. Convert a manuscript to an eBook and concentrate on marketing, rather than reprinting and all that goes with that process.
As long as the major book publishers continue to focus on hardcover and trade paper print while delaying release of their eBooks the independent author has a clear advantage. By launching in eBook followed by print, after achieving a significant audience is the perfect strategy for the independent author. The low cost for entry into the marketplace allows more resources to be devoted to marketing which makes digital content the preferred choice over print editions for the independent author.
If you have a print edition and have been discouraged by the process and success, eBooks are not necessarily the answer. You should step back and look closely at your entire publishing program before deciding to move forward with an eBook edition. The emergence of eBooks and the growing market does not mean your content will suddenly find an audience it merely provides another opportunity for sales. In my thirty plus years of publishing experience, the emergence of the digital market is clearly one of the most exciting. If I can help answer your questions about eBooks, please send me an email jerry@writersreaders.com.
Opportunities Abound in Today’s Marketplace
By Jerry D. Simmons | March 18th, 2010 | No Comments » (Click to add yours!)
Certainly the economic downturn has negatively impacted sales at the bigger publishing houses. At the same time they continue to search for new writing talent and one way they do that is visit large web sites with multiple author profiles. One such free web site is NothingBinding.com. That site is attracting more agents and editors than ever before. At the same time those that visit are providing some great feedback on the most common writer and author do’s and don’ts.
But first, let me introduce you to the site: www.NothingBinding.com started in 2007 as a social networking site and has evolved into an online catalog where agents and editors can search for new talent, topics and product to publish. The site was originally owned by a group with some being non-publishers but recently ownership and control have changed. Expect a complete overhaul in the coming months. The important thing is the writer/author profile is free and is just another way to display writing and or books.
Now to the feedback: agents and editors are completely turned off when the profile is too clever or glib and photo is compromised by your pet or book cover in the place of a face. Agents and editors tend to back off when writers and authors display a personal image that signals anything beyond the norm. Cute, sweet or shy are not traits that publishers want today because they need to be able to promote authors and their books and the last thing they want are difficult creative people.
If your profile is glib, less than genuine or incomplete, agents and editors are again turned off. In addition they really want to hear your voice or see you speak via audio or video. It goes back to promotion and the need to hear and see the writer or author. If you fail in any of these areas then you may have missed the opportunity to raise your credibility as someone worth publishing. You need to capitalize on the one chance at making a positive impression because the time is short in which to catch someone’s eye.
NothingBinding.com will continue to provide free writer author personal profiles and drive traffic in the form of agents and editors interested in finding talent with new ideas. This free web site is what creates opportunities in today’s marketplace.
The New Hybrid Publishing Model
By Jerry D. Simmons | March 15th, 2010 | No Comments » (Click to add yours!)
As the major publishing companies evaluate their current situation, one thing becomes clear, what they are doing is not working. You cannot stem the tide of falling unit sales when your strategy is to produce more of the same. Propping up a broken system that makes it difficult for new talent to break in and reprinting less-than-stellar writing from old tried-and-true authors is the best way to drive your customers away, and that strategy seems to be working!
The reading public is screaming for a new approach. This is my conclusion after seeing a decade long slide in single copy sales. How can an industry constantly fly in the face of the basic law of supply and demand? When demand goes down in publishing, the big companies increase supply by shipping more books and raise cover prices at the same time. This does not make sense.
The time is right for an entirely new approach, and it’s called the hybrid publishing model—combining the experience and vast knowledge of former New York publishing executives with top quality production to assist writers in publishing their own manuscript. In the end, the finished product is made available to booksellers via direct sales to book buyers at top retailers. The advantages are considerable.
Remember, publishing is about perception—publish with the wrong company and the quality of your writing will forever be judged before your title has a chance at success.
Publishing Changes are Coming!
By Jerry D. Simmons | March 12th, 2010 | No Comments » (Click to add yours!)
It’s in the wind. There is no doubt that changes in book publishing are happening fast. As we all watch bleary-eyed at the evening news and more talk about the tough economic times we are all experiencing, executives in the New York publishing houses have forgotten about the average consumer. No longer can these companies starve the market for good new writers and interesting new categories by publishing helpless titles and charge $16 to $27. They have to change to survive. Their solution over the past fifteen years has been to publish more of what they know sells, but it’s not working! Consumers aren’t buying it, and it’s about time!
There are quality writers publishing independently and for consumers interested in reading books not typically found in bookstores may I suggest you visit the web site NothingBinding.com then tell your friends and colleagues to join and post their writing. The strength of independent publishing is in our combined numbers. If all 300,000 new authors each year would join forces there is no telling what kind of impact we could have on the marketplace. To capitalize on all the changes in the book business will take some huge effort. Let’s bind together to generate sales for our independent books. Now is the time.
eBook the Next Frontier
By Jerry D. Simmons | March 8th, 2010 | No Comments » (Click to add yours!)
Imagine for a moment as an author, selling copies of your books and never having to print replacement copies. Consider the elimination of shipping, handling and warehousing costs for printed books. Imagine never having to deal with book returns ever again. A market exists where all sales are final, welcome to the new frontier of bookselling with digital downloads and eBooks.
For new authors struggling to create an audience, why would you want to launch in print when the price of entry into the eBook market is so low? A writer can take a manuscript that has been professionally edited and create an eBook for a fraction of the cost of producing a printed book.
When publishing independently and working to stay within a budget for production and marketing, wouldn’t your money be better spent on marketing rather than print and production costs? If you already have a printed edition of your book, and you own the digital and electronic rights, why not add an eBook to your product mix? Times are changing, markets are shifting, the eBook is fast becoming a viable market for selling content.
The method of eBook distribution is patterned after the print distribution business which means you need a publisher or distributor to gain access to the marketplace. Print is not going away but more consumers will be moving to the eBook because of price and wider availability of eReaders. If you have interest in exploring the market for eBooks, please contact me through this web site.
Independently Published Books
By Jerry D. Simmons | March 2nd, 2010 | 2 Comments » (Click to add yours!)
There are lots of good books that are independently or self-published and most use digital or print-on-demand technology. No doubt, if you take the entire self-published or POD community and read all the books available, you would find vast amounts of titles that would not only hold their own in sales but had the potential to become bestsellers if displayed and merchandised in bookstores. The problem is negative perception of POD and no ACCESS to the bookstore market.
Let’s examine some facts about the independent or self-publishing marketplace.
(1) The success of many self-published titles such as THE SHACK indicates there are good books that started as independently published. However, this book would not be on The New York Times bestseller list without the help of a corporate publisher who bought the book after it had sold over 300,000 copies.
(2) A recent article in Publishers Weekly titled “Big Houses Benefit from Savvy Self-Publishers clearly indicated that the success of a handful of self-published books that made it into the hands of the big corporate publishers has made that New York publishing world take notice.
(3) According to statistics provided by Ingram Books, the owner of Lightening Source, the self-published market will grow at 15-20% each year for many years to come. This of course crowds the market, but creates opportunities for authors who are self-promoters and write really good books.
(4) As the corporate publishers sell fewer copies each year, retail booksellers will search for new opportunities to sell a variety of new categories, and will welcome new unproven authors. If the New York corporate publishers won’t do it, then it’s time for a new publishing model to be introduced to the market.
For authors who want control over their writing, the ability to retain all rights, realize a royalty payment much greater than any corporate publisher would offer, and be willing to take suggestions on how best to package and price their book to maximize its potential in the market, then your time is here. This new hybrid publishing model is ready and available.
The Truth about Book Distribution
By Jerry D. Simmons | February 25th, 2010 | No Comments » (Click to add yours!)
One of my readers sent an email asking about a particular book distribution program. He wanted to know if it was a scam. He quoted from some article he read where it talked about a distributor that went out of business trying to distribute books for small publishers. He said the article described bookstore distribution as a scam. There was in fact a small book distributor that did go out of business a few years ago because they didn’t understand what they were doing, which often happens to businesses with a bad plan.
When a small company of any kind, distributor or publisher, enters the world of book distribution to the mainstream marketplace, they better understand the rules and how to compete with the big corporate publishers. That is especially true with book distribution. One of the reasons for launching my book distribution program last year was to offer authors, small and micro-publishers an opportunity for exposure in the marketplace. This is a program that was two years in the making and I would not even attempt to launch if I didn’t feel it was viable and could be competitive against the corporate companies.
Book distribution into booksellers such as bookstores is a very competitive business and there are no guarantees of success. My program offers access to book buyers and nothing more. Anyone that tries to offer more doesn’t understand the business. Those that wish to throw stones at the idea of book distribution to bookstores just don’t understand the market. They know how to make money selling unsuspecting writers and authors products and services that don’t work. In turn they want to attack those that are trying to make the independent market a better place for authors, small and micro-publishers.
Nothing in the printed book business is easy, but before you jump to a book distributor make sure you understand the costs, terms and risks.
Publication & Distribution Program
By Jerry D. Simmons | February 17th, 2010 | No Comments » (Click to add yours!)
There is a new program available that is offering a unique opportunity for independent writers, authors and small publishers to gain direct access to sales channels through a national distribution system for both print and eBooks. It is available for manuscripts and previously published books in one of three ways: (1) assist with print and/or eBook publication, (2) eBook distribution, and/or (3) print book distribution.
Both print and eBooks must be submitted for consideration. This program is searching for the very best independent books for national distribution. Once your manuscript or book has been selected you will be guided by the expertise of a group of professionals with more than 150 years New York publishing experience.
For consideration of your manuscript or book contact me via email (jerry@writersreaders.com). If your manuscript or book is chosen for this program there is never any guarantee of success. Distribution is the process of presenting your book to sales channels in the market largely unavailable to individual authors.
The purpose of this program is to provide “the best of the best” of independent print and eBooks access to the marketplace on a national level. Please forward me your questions or inquiries.
Book Distribution
By Jerry D. Simmons | February 16th, 2010 | No Comments » (Click to add yours!)
Getting independently published print and eBooks distributed into the traditional bookseller market has been difficult. Many companies promise distribution services that encompass nothing more than availability as opposed to sales channel access. Our sales staff presents books to booksellers the same exact way the New York publishers sell books. That is my background and I understand sales and distribution. My group has the ability to assist writers in print and eBook distribution. This program opens the door to a sales channel that up to this point has been blocked. For more details on this program, contact me via email (jerry@writersreaders.com).
