virtualDavis

ˈvər-chə-wəlˈdā-vəs Serial storyteller, poetry pusher, digital doodler, flâneur.

Self-Publish with Borders and Barnes & Noble


The publishing industry’s changing landscape (engadget.com)

Not to be outdone by Amazon, Borders and Barnes & Noble have entered the publishing racket.

Earlier this month Barnes & Noble launched a self-publishing platform called PubIt! that will compete directly with Amazon CreateSpace and indirectly with Apple’s iBookstore.

In an attempt to do for indie writers what InstantAction has done for indie game developers,… the world’s largest bookseller is hoping to expand its importance in the digital realm by giving wannabe authors the ability to upload and sell their material through B&N’s website and eBookstore… the real kicker here is this won’t be limited to the Nook; pretty much any e-reader, tablet or PC will be able to tap in and make purchases, so the potential audience is quite large. (engadget)

Of course, Kindle too ensured that their electronic books are universally accessible by developing apps that work across devices and platforms, but B&N’s open publishing model is smart. Sure, Nook has been a bit of a sleeper next to the Kindle, and B&N doesn’t want to limit the potential market (or perception) by being number two in the reader market. Or number three when the iPad is thrown into the mix? Whatever the logic guiding this policy, it’s welcome and overdue. Limiting media to Kindle or iPad, though lucrative in the short run, is a major turnoff for the consumer. It’s like saying, “Here, buy our glossy print book, but you can only read it at home. Not at work. Not on vacation. Not on the bus. At home!” Okay, so it’s not exactly like that, but it is perceived as unnecessarily restrictive. And if B&N can manage to open up the electronic publishing industry, I’m confident that consumers (and authors) will respond.

Okay, enough prattling and jab-jab-jabberwocky… What’s the bottom line?

[PubIt!] is essentially designed to give independent writers a venue for hawking their masterpieces, with PubIt! converting files to ePUB for use on a wide range of e-readers… Published titles will be available for sale within 24 to 72 hours after upload on the B&N eBookstore, and the company’s pretty proud of its “no hidden fees” policy… PubIt! ebooks will also be lendable for a fortnight… (engadget)

Inevitable, but no less exciting, Borders has announced that they want a piece of the indie action too. Their self-publishing platform, Borders Get Published, appears to be a joint venture with BookBrewer (the blog-to-ebook folks) and is scheduled to launch on Monday.

Using the service, authors can publish and sell eBooks through the Borders eBook store, as well as other partner eBook retailers… Authors can sell works of any length and chose [sic] the price within a price range set by the retailer. Authors can add content by typing in the platform, by copying and pasting it into an online form, or content can be fed from an existing website or blog. The content will be saved as an ePub file.

There are two tiers of pricing for those looking to get published –$89.99 and $199.99. Under the basic package, BookBrewer will assign the book an ISBN and make it available to major eBook stores at a price set by the writer. Royalties will be based on sales and will vary with each retailer. The higher priced package comes with a full version of the ePub file, that authors can share with friends, family and press and submit to other eBook stores. (mediabistro.com)

Exciting times. Unless you’re in the traditional publishing industry, I would think. It’s a little surreal that the new publishing map is being hashed up by retail/distribution power players while traditional publishers sit idly by worrying, griping, soap boxing and nay saying. I have to believe that earth shattering innovations are in the offing from the Big Six, right? I mean, these are smart, powerful companies. They won’t just sit back and watch as the new guys gobble up their lunch, dinner and cocktails! Or will they?

While print book sales continue to decline, e-book sales are up 192.9% this year to date, according to figures gathered from 14 publishers by the Association of American Publishers (AAP). E-books now make up 9% of all trade sales in the U.S.; last year, they made up a mere 3.3%. E-book sales have reined in $263 million thus far in 2010, and $39 million in August alone — a 172.4% increase over last year’s sales numbers. Meanwhile, sales of paperback and hardcover books continue to decline across the board… ( Mashable )

The publishing industry is shifting so rapidly that it’s still difficult to anticipate what tomorrow will look like. I suspect that a decade from now we’ll have an entirely new understanding of media creation, publication, distribution and curatorship. And I hope that it will be a more open, less top-down model. Just as there’s reason to worry that a shift will not necessarily amount to progress, there’s ample reason for optimism. I’m sticking with Pollyanna!

Related:

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Publishers Perform Roles That Writers Need

The definition of “book publisher” is up for grabs, and those in the industry will have to be brave and imaginative, in double-quick time, to lay claim to this new definition. Others might find it easier to begin with a blank sheet.

At heart, publishers exist to create more value for writers than writers can (or wish to) create for themselves. It’s clear that the specifics of this role are changing. Some writers have decided that they can create as much value as they need alone, and feel freer by doing it themselves. Elsewhere there is a debate about where the line lies in a fair return for licensing copyrights, particularly when it comes to older books. Fundamentally, though, the need for publishers endures, even if not in their current form. Readers will be best served by publishers who can marry the best of what is sometimes labeled “legacy” publishing to the new means of developing and delivering what readers want and writers need. (The Guardian)

Stephen Page’s post about the future of publishing is level headed and insightful. He steps away from the increasingly popular bashing of “old publishing” and acknowledges that these legacy book publishers have a distinct advantage if they can adapt quickly. Others have lambasted the traditional publishers for failing to anticipate the tide change. I myself have nagged at this point. But Page reminds us that even as latecomers to the party, existing book publishers stand to reap significant rewards if they can quickly overcome four challenges:

  1. Publishers must update their digital royalty rates.
  2. Publishers must provide high-quality editorial support.
  3. Publishers must build audiences for writers, on and off-line.
  4. Publishers must embrace (and accelerate) technological innovation.

If traditional publishers can quickly, efficiently meet these challenges, “the persistent reporting of the death of old publishing will continue to be mere exaggeration.” Point well taken. But so far, most traditional publishers seem more intent on resisting change — clinging to a model they know and love — than leap-frogging forward. Of course, it’s early, and the race is too the swift and the wise.

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Publishing Chain; Vanishing Links

“Technology has made virtually anything possible,” says Neill Denny, editor-in-chief of the publishing industry magazine The Bookseller. “If you look at it conceptually – there’s a five-link chain between the person who writes and the person who reads. You’ve got Author-Agent- Publisher-Retailer-Reader. Theoretically, the three middle bits could all now vanish and the author could write online directly to the reader.”

However, he continues, “A more likely possibility is that just one of the three central links will vanish on-line. It could be that Amazon, the retailer, becomes the publisher. Or that the agent becomes the publisher, or the publisher becomes the retailer, and you go to a publisher’s site to buy the book. One of those links will certainly disappear on-line. We just don’t know which.” (The Independent)

John Walsh’s article “E-books: the end of the world as we know it” offers no new insights, but a handy summary. More intriguing though are the comments which are worth a wade through. A few flaring tempers, a few snarky jabs, and plenty of voiced growing pains as we tramp through the clumsy not-altogether-painless publishing revolution.

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Wired Introduces New Digital Magazine

Video of Scott Dadich via youtube.com

“There’s a revolution going on right now in the way that people consume journalism. We’re at a point where technology is going to enable us to view and consume media in an entirely different way… One thing that we’ve been great at doing is telling stories… This is just adding one more avenue of communicating and connecting with the brand of Wired… We really would like to offer more choices to our readers and to our advertisers and move beyond just the static notion of ink on a piece of paper.” ~ Scott Dadich (Creative Director, WIRED)

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Amazon Will Sell More E-Books Than Paperbacks by the End of 2011

Amazon predicts that it will sell more e-books than paperbacks by the end of next year, and that they will eclipse both paperback and hardcover sales combined shortly thereafter. “I predict we will surpass paperback sales sometime in the next nine to 12 months. Sometime after that, we’ll surpass the combination of paperback and hardcover,” Amazon CEO Jeff Bezos told USA Today… [So] paperbacks and hardcovers may soon become a minority in the world of books. (Mashable.com)

Is Bezos bluffing in order to help drive the market? Or is he spot on? One day soon we’ll know, and in the mean time we’ll keep worrying, celebrating, laughing, panicking, arguing…

Ramit Sethi and Tim Ferriss on Publishing

Tim Ferriss and Ramit Sethi (video via youtube.com)

Ever wish you could sit down with a couple of bestselling authors and ask them what they think about the whole digital/traditional publishing debate? Here’s your chance. Sort of…

Tim Ferriss (Image: Scott Beale)

Tim Ferriss (Image: Scott Beale)

Tim Ferriss (@TFERRISS) and Ramit Sethi (@ramit), both New York Time’s bestselling authors, dish up raw, unfiltered and honest impressions of today’s book publishing world. They discuss both the benefits and the drawbacks of traditional publishing and self-publishing, and — though this video only offers one-way info flow — you could always shoot them follow-up questions via Twitter.

Ferriss’ The 4-Hour Workweekclimbed to the coveted top slot on The New York Times, Business Week, and The Wall Street Journal bestseller lists, and Sethi’s I Will Teach You To Be Rich popularity continues to drive more than a quarter million readers to his blog iwillteachyoutoberich.com every month.

If you’re wading into this brave new world of digital publishing, it might make sense to listen to these guys!

Publishing Updates for Tim Ferriss

Tim Ferriss publishes The 4-Hour Body.

Tim Ferriss publishes The 4-Hour Chef.

Smashwords: Your Ebook, Your Way

Image representing Smashwords as depicted in C...

Smashwords is an ebook publishing and distribution platform for ebook authors, publishers and readers… At Smashwords, our authors and publishers have complete control over the sampling, pricing and marketing of their written works. Smashwords is ideal for publishing novels, short fiction, poetry, personal memoirs, monographs, non-fiction, research reports, essays, or other written forms that haven’t even been invented yet.

It’s free to publish and distribute with Smashwords. (Smashwords.com)

I’ve been hearing more and more about Smashwords.com lately:

And just about everywhere else that folks are chewing the publishing industry fat. I’ve wandered their website and read miscelaneous tidbits here and there, but I’d really like to hear some firsthand accounts. Have you published a digital version of your book with Smashwords? What was your experience? Thanks!

Print Vs EBooks: Weeding out the Facts

While Amazon eBook sales now do exceed hardcover sales by a ratio of 1.43 to 1, we should remember that many of those “sales” are 25-cent downloads, many of them are free, and many of them are what, if we saw them in print, could be easily be mistaken for brochures rather than honest-to-goodness books. (Have you noticed every internet marketer seems to have a free Kindle or iPad edition of their latest “free report” these days?) In fact, according to the NY Times, half of the best selling books on Kindle are being given away for free by the publishers. Why? In order to promote sales of the paper versions.(davidweedmark.com)

David Weedmark (@DavidWeedmark on Twitter) weighs in on the digital/traditional publishing debate. Print publishing is far from dead, according to Weedmark, and despite paper and ink’s much hyped funeral dirge, “the print publishing industry is still today the dominant player.” And tomorrow? Weedmark does acknowledge that e-book sales represent 8.5% of overall book sales as of mid-2010, wheres they were only 3% in all of 2009 (according to The American Publishing Association) which would seem a pretty staggering indicator of the change now underway.

Thus Spoke Seth Godin

In the still buzzing world of “Seth Godin versus print publishing” much has been said in favor and against Godin’s announcement that he will no longer publish books traditionally. I’ve been fascinated with the debate. I’m an unabashed neophyte in the world of agents, editors, publishers and book retail, and I profess to know little as a still-hopeful in the world of publishing. But I’m a fan of Godin’s ideas, energy and quasi oracular vision, and I’ve been fascinated with digital storytelling in its diverse and perennially morphing potential for a decade.

Back in the shadow of Y2K I lead a workshop in Paris for teachers called Storytelling in the Digital Age that explored the merits of (and methods for) embracing new narrative media in the classroom. That workshop evolved into a semester-long elective for high school students at the American School of Paris, exploring the roots and evolution of storytelling while developing a methodology for digital narrative craft. Remember, those were heady days when Dana Atchley was at the peak of his all too short life.

It’s stunning how much has changed since then. Staggering. And not a little scary (ie: “One Dark Side of Publishing Changes“) either… But it’s also thrilling and exhilarating! And inevitable. Though not everyone agrees on this last point. In evidence, consider this poignant request from the sage, book loving Gail Hyatt:

It’s true that things are changing drastically in the world of words and ideas. Nobody knows this better than you. You’re a big reason. The possibilities are being realized faster than we can absorb them. However, in my opinion, the end of traditional publishing has not yet come. Not at all. It has a most crucial and vital part to play in feeding our souls and our minds and challenging us to change our lives. I see this fleshed out in my own home. Mike’s chair is the perfect example. Propped in the seat is his laptop, waiting to be awakened for the day. The iPad is perched on the side table next to THE DIP and the highlighter, and the is Kindle peaking up from his briefcase on the floor waiting to be compared to the newest Kindle which will arrive sometime today. I want to encourage to rethink this “quitting.” You say one has to know when to quit and when to stick. Don’t quit that which is obviously sticking. You and your works have a place in our lives that will never be unstuck and we’re very grateful for that. I think your best work is yet to come … and that’s saying A LOT! Maybe not right now. Maybe it needs to ferment for several years. Who knows? All I hope is that, when it does come, you don’t quit and you give it to us in every form possible—especially traditional publishing. Please reconsider. (The Treasure Hunt, by Gail Hyatt)

And while Gail Hyatt is begging Seth Godin not to quit, many others are excoriating and chastising him for his decision. Fortunately, there are also some level heads approaching Godin’s announcement with a more metered, more academic interest. For instance, Mitch Joel shares the feedback from his literary agent, James Levine, regarding four critical considerations for other writers considering emulating Seth Godin:

  • Fan base. Must be fanatic, very large, and inclined to read the author’s works in digital format. This won’t work right out the gate for authors whose main following is in print.
  • Marketing savvy and support. Aside from being very smart about marketing, the author needs to have the staff in place to execute, execute, execute, daily, daily, daily. Many authors will underestimate how expensive and time consuming this is.
  • Long term money goals. The author needs to be able/willing to forego the short-term guarantee from a publisher [known as “the advance”] and bet on long term sales direct from consumers (the per unit revenue to the author is much bigger when the author acts as the publisher).
  • Platforms. It’s important to realize that this approach will make the most sense for authors who make most of their money by speaking/consulting to business audiences. In this sense, books are a form of advertising for the more lucrative services provided by these authors. (“You Are Not Seth Godin“)

Joel adds two further essentials: a top flight editor and a team of performance driven sales reps. Starting to sound like going the Seth Godin way involves launching your own publishing company? To some degree, yes! Joel goes on to remind us that Godin’s ability to make this brave decision nevertheless relies on more than these parts. Godin tirelessly invested “decades of doing tons of things… that all had him in direct connection with the people who will buy his books from him, talk about it to their peers and evangelize his always-brilliant thinking.” In short,Godin has a world class platform. Do you?

What Seth, The Wall Street Journal, the book publishing industry and the literary agents aren’t telling you is that you can – in fact – be just like Seth Godin. These Digital Marketing channels are here for you (and they’re free – if you don’t count the time you need to put into them). In text, images, audio and video you too can publish how you think to the world… instantly. You too can share with others, build relationships and get your ideas to spread. You do not have to rely solely on mass media to help spread the word. And, you’ll know in short order, if your idea has traction… and you’ll be able to track how that idea spreads and connects.

In the end, you are not Seth Godin, but you can be. (“You Are Not Seth Godin“)

In Seth Godin’s words, “The business race is on to have the relationship with the reader.” According to Mark Coker (CEO of Smashwords) “the distribution advantage of having new titles in bricks-and-mortar bookstores will have to be weighed against the potential financial advantage of retaining ownership of a new book and distributing it as an e-book or on a print-on-demand basis.” Makes sense, right?

But others argue that this misses the point. Joel J. Miller argues that Godin has misunderstood “what traditional publishing is about. We sell books to people who love them, to people who crave them, who love bookstores, who love reading…” True. And you sell books to lots of other people who don’t love them but need them, rely upon them, etc. And you may be missing an opportunity to sell books to lots of people who simply haven’t considered buying them because they don’t love them, don’t need them, don’t rely upon them, etc. Right? Wrong, says Miller.

Godin’s basic misapprehension is that people don’t like books. There are billions of dollars exchanged every year that say differently. If you’re a reader, your own habits probably say differently. Mine do.

The second misapprehension is that books are a clunky way to deliver and spread ideas… For people who love them, there are few things more elegant or efficient than books…

A third misapprehension is not Godin’s fault. It’s our own. Godin’s personal business model is perhaps set up for him to succeed with this independent adventure. Good for him. Most authors, however, are not set up to go it alone. Likewise, most publishers are not set up to translate many of Godin’s ideas into their models. As authors and publishers, we should spend more time trying to please our customers than trying to justify ourselves to, or square our practices with, Seth Godin. (“What Godin gets wrong“)

I think this last issue is probably true. At least until the new digital publishing industry matures and begins to offer plug and play solutions to many of the challenges an indie author would encounter. And true too that most traditional publishers aren’t equipped to learn/adopt much from Godin.

But the first two “misapprehensions” strike me as somewhat naive. Sure, some people like and will continue to buy books, and many of those book buyers do indeed consider print books to be elegant and efficient. I am one of those book buyers. I love books. I will always love books. But that’s not the point.

I also love wine, and I am particularly fond of the ritual of opening a good bottle of wine. Cutting the foil is like breaking the wax seal on a letter or document, bold and permanent and assertive yet beautiful and not a little poignant. Once the foil or leading is trimmed away tidily, there’s no greater satisfaction that removing the cork from an aged but well maintained bottled of wine, each twist of the corkscrew adding to the anticipation…

It’s easy to romance wine corks. It’s easy to romance books. And with luck and sufficient numbers of passionate book and wine consumers, we’ll be able to enjoy both for a long time into the future. But screw caps, with all of their oenological, environmental and economic logic are making rapid inroads, and the likelihood of screwcaps gradually eclipsing corks is increasing with every vendange. The point isn’t that some of us prefer corks, but that the industry is changing because there’s greater oenological, environmental and economic value in screwing than corking! Does that mean that corking is dead? Probably not. But it’s likely to become exceptional, less widely available, and more expensive. Miller seems to miss this inevitability.

Literature is like running. It’s not for everyone, but for people who love it stopping after four blocks fails to satisfy. There are miles to go. It’s immersive. It’s also time consuming, but real readers are like real runners; you settle into a good pace and time evaporates. People whose primary reading is Facebook and street signs might not get that. Fine. Selling books to them is a waste of time and effort. Thank God that’s not the task before publishers. (“What Godin gets wrong“)

Whether or not literature and running are similar is a dabble for another day, but it’s clear to me that Miller’s off target. The shifting of the publishing industry from print to digital isn’t about those who love books, love running or love corks in their wine bottles. And if his oversimplified notion that the digital alternative to elegantly bound tomes is blog posts and Facebook, then it’s no wonder he’s confused and concerned. We’re at the dawn of digital publishing. The user-friendly innovations that will propel digital content into the next century aren’t even dreamed up yet. NookKindleVook, etc. are mere prototypes for the next generation of content conveyances. But they are already considerably more evolved and useful as digital publishing platforms than blogs and Facebook!

Clinging to an industry which has largely grown obsolete is lamentable, but failing to recognize the inevitability of the shift and failing to recognize the enormous potential represented by the shift is indeed naive. Let’s be frank and honest; the publishing industry not only resisted change, it kept its head in the sand for far too long. This change isn’t happening overnight. It isn’t an unanticipated fluke. It’s been a gradual evolution, the slowly building wave that only recently has started to crest!

The music industry offered possibly the best case study and the most abundant lessons. If the Big Six had studied the music industry over the last decade and adapted the most successful lessons, they’d be surfing the wave now instead of paddling like mad! But the music industry is only one example. Reflect back on the transition from traditional film photography to digital photography. Remember the detractors, the naysayers, the purists, the film lovers, the darkroom junkies, the overconfident executives who scoffed at the need to reinvent cameras, developing and photography. And note too that evolution from film to digital photography is responsible for the virtual ubiquity of cameras today. Every gadget imaginable includes a camera, and the proliferation of photo sharing, archiving and publishing gadgets demonstrate that this evolution had the effect of democratizing photography. It also opened up massive markets that had been overlooked or unfathomable prior to inexpensive digital cameras.

I suspect this example is particularly relevant to the transition in the publishing industry today. Some people love books and bookstores. Agreed. But look at how many do not. Look at how many never even consider books. And recognize that like digital photography which has proliferated beyond anyone’s wildest expectations, the transition to digital publishing will similarly transform the production and spread of information. And though we’re not all Seth Godins, not by a long shot, this brave new world of digital publishing will make it possible for you, me, anyone with ambition, intelligence and hard work to develop a platform and build an audience who appreciate, justify and contribute to our literary creations.

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Clint Greenleaf: Future of Publishing


Brett Clay interviews Clint Greenleaf (via youtube.com)

Clint Greenleaf, CEO of Greenleaf Book Group, discusses the future of the publishing industry with Brett Clay, author of Selling Change. Greenleaf disagrees with the popular assertion that publishing is dead, and instead emphasizes the sorts of changes we can expect to see in the coming year as ebook sales eclipse printed book sales and traditional publishers struggle to adapt their ecomics to new consumption and distribution trends.

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