virtualDavis

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

Seth Godin Will No Longer Publish Books Traditionally

New York Times bestselling author and marketing guru, Seth Godin vows to never publish traditionally again. After over 12 books with a legacy publisher, Godin says he’s had enough.

In my interview with him today for an upcoming Mediabistro feature, Godin says, “I’ve decided not to publish any more books in the traditional way. 12 for 12 and I’m done. I like the people, but I can’t abide the long wait, the filters, the big push at launch, the nudging to get people to go to a store they don’t usually visit to buy something they don’t usually buy, to get them to pay for an idea in a form that’s hard to spread … I really don’t think the process is worth the effort that it now takes to make it work. I can reach 10 or 50 times as many people electronically. No, it’s not ‘better’, but it’s different. So while I’m not sure what format my writing will take, I’m not planning on it being the 1907 version of hardcover publishing any longer.” (via Mediabistro)

I’ve been anticipating this announcement, but I’m no less impressed, intrigued and thrilled to see Seth Godin stepping up the the plate. The landscape is going fluid, folks! Exciting times. Goodbye Gutenberg Paradigm, hello Socratic paradigm. It’s time for storytelling 2.0!

Godin announced this morning that “Linchpin will be the last book I publish in a traditional way.” He goes on to describe the recalcitrance and fear so pervasive in the traditional publishing world today. And he unabashedly steps away from it!

As the medium changes, publishers are on the defensive…. I honestly can’t think of a single traditional book publisher who has led the development of a successful marketplace/marketing innovation in the last decade…

My audience does things like buy five or ten copies at a time and distribute them to friends and co-workers. They (you) forward blog posts and PDFs. They join online discussion forums. None of these things are supported by the core of the current corporate publishing model.

Since February, I’ve shared my thoughts about the future of publishing in both public forums and in private brainstorming sessions with various friends in top jobs in the publishing industry. Other than one or two insightful mavericks, most of them looked at me like I was nuts for being an optimist. One CEO worked as hard as she could to restrain herself, but failed and almost threw me out of her office by the end. I’d be lying if I said I wasn’t heartbroken at the fear I saw. (via Moving On)

I look forward to supporting and encouraging Seth Godin as he wades into these exciting new waters. Fear be damned, Seth Godin is moving on…What about you?

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Publishing Isn’t Broken

Publishing isn’t broken, or so says Jane Smith over at How Publishing Really Works, and here’s why. The very best books from the very best writers get published; books get sold; and writers, agents, editors, publishers, etc. get what they want: money. Phew. Good to have that sorted out so tidily. Unless, of course, it’s not really that tidy…

For decades, the publishing business has worked pretty well. Writers write books; agents sell those books to publishers; publishers make the books available to the market. Money flows through the system from reader to writer via the publisher and agent. Everyone involved makes money, and gets what they want… Be very wary of new models of publishing. The old one works just fine. (A New Model for Publishing?)

Smith suggests that the only breakdown in the publishing world is unskilled writers, agents, etc. Granted, there’s plenty of room to point the finger at unqualified contenders, that’s always fun and easy. But it seems that Smith is overlooking vital current concerns about whether or not the traditional publishing environment is broken, outdated, inefficient, etc. She talks a lot about money in traditional book publishing. This makes sense because the Gutenberg Paradigm is expensive to maintain. Whereas evolutions in technology, book selling, and readers’ habits have enabled modern publishing alternatives that make book publishing less expensive. Much less expensive!

Mainstream publishing isn’t broken: it has its flaws, certainly, but it still works. It still publishes books which show clear commercial potential; works to make those books as good as they can possibly be; and then gets those books into as many sales points as it possibly can. Just because it does that by only publishing the very best books from the very best writers, and consequently rejecting the majority, doesn’t mean that it’s broken: just that far too many writers are not yet good enough at their craft for publishers to risk investing their money in them.(Publishing Isn’t Broken)

Correct, rejecting the majority does not mean traditional publishing is broken. Correct, many writers undoubtedly are not worthwhile investments for traditional publishers, either because they are not sufficiently skilled writers or because there isn’t a big enough market for what they write. But this fulcrum of commercial potential is dramatically shifted when we consider the modern publishing industry’s efficiencies. Digitally distributed ebooks cut significant time and cost out of production and distribution. Print on demand (POD) publishing dramatically reduces up-front costs for book publishing. And these are just two cost cutting shifts that favor new models of publishing over traditional models of publishing. And less invested in a new title means less risk of failure and a lower ROI threshold. It means that the market can be used to evaluate the viability of a new book rather than a committee, an editor, even an agent. This means more variety and risk is possible for new books. It means niche markets become far more viable than they were in traditional publishing.This is hugely exciting!

Publishing cannot focus solely on bringing works of staggering genius to the attention of a grateful reading public, or on nurturing and supporting novice writers as they learn their craft and experiment with exciting risky new projects: while that would be nice for those novice writers it wouldn’t be nearly so nice for the publishers’ shareholders who would have to provide funds to publish the many turkeys such an approach would undoubtedly hatch, nor would readers appreciate being provided with all the unreadable tripe which might well result… [So] publishing books which will sell well has to be the publishing business’s main focus. (Publishing: Broken Or Not?)

Broken or not, Smith highlights one of the biggest challenges that traditional publishers face today: the economics are changing. The old way no longer works just fine. “Re-imagine the future,” Debbie Stier says. “Forget the old way. It doesn’t work in the new economy. Stop trying to control; make something useful and help people use it; get out of the way.” Amen. I’m anticipating a publishing industry that will be far more agile, flexible and stripped down. Far less costly to sustain. Far more in sync with readers, writers and consumer habits.

Why You (Still) Want an Agent

I enjoyed Eric’s lighthanded but thoughtful reflection on the merits of working with a literary agent in the digital age.

The times, they are a-changin’, mes auteurs. The digital age means more books are available in more ways than ever before, which in turn means two things: first, you have that much more competition for eyeballs, and second, you need some way to differentiate yourself from the crowd such that all those eyeballs are reading your book.

 

In short: regardless of whether [or not] you’re going (exclusively) digital, you want an agent… an agent’s multiple talents, myriad connections, and considerable experience will all be great assets to you in your quest for publication. This is true for more than a few reasons…

  • If you’re dealing with an editor, an agent is worth his or her weight in gold in terms of contract negotiation (not to mention that going with an agent in the first place generally makes it much easier to get an editor’s attention). This is doubly true as the details of e-rights are being hammered out.
  • An agent will secure you a publishing house by way of said editor, meaning he or she is basically getting you editorial input, a marketing team, a publicist, a sales team, and an art department capable of making you a Truly Fancy Cover. Unless you’re the aforementioned Jack/Jane of all trades, this is a huge bonus for you. (You also won’t have to worry about getting your e-book fed out to Amazon, Apple, and the like.)
  • You’ve got a buffer between you and your editor/publisher. This means that you can spend your valuable time writing while your agent spends his or her time talking to the editor/publisher (pitching your next project, hounding them for royalty statements, finding out why the awesome cover they helped you negotiate isn’t showing up on Barnes & Noble’s website, &c).
  • You have a Fancy Website with lots of loyal visitors. Your agent has a Fancy Website with lots of loyal visitors. If you both add links to your book to your websites/blogs, you get that many more eyeballs reading about (and hopefully soon reading) your book. Agents go to bat for their clients in more ways than one.
  • Finally, you get a measure of that e’er elusive brand recognition that separates your book from Joe “DIY” Lunchbucket. If you self-publish on-line, the only one vouching for your work is you. If you have an agent and an editor, you’ve got at least two organizations behind you vouching for your talent and credibility as a writer. (Pimp my Novel)

I wish that Eric had plunged a little deeper into the changing role of a literary agent in this brave new digital age. (This echoes the comment I left for him, so maybe he’ll feel inspired and take this up in a subsequent post?) Perhaps only hindsight will clearly define the transition, but it’s increasingly clear that agents will be assuming some of the responsibility for guiding and shepherding writers once handled by publishers. Agent/publisher roles will blur with the former actually gaining in influence and value while the latter declines. Of course, as in all things, the range will be huge, from nitwit agents shilling for a slice of the pie in exchange for zilch to publishing industry sages with vast networks, market wisdom, assertive negotiating skills and the nose for winners. In short: disposable pay-for-companionship copilots on your publishing adventure OR superagents who will eventually displace the mentoring and power brokering of yesterday’s publishers.

Or so it seems from my misty knoll… today. What do you think? Are literary agents slipping in necessity or are does a writer need a good agent like never before?

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Truce: Andrew Wylie and Random House

Super agent Andrew Wylie has retreated, regrouped and/or renegotiated in his struggle with Random House over ebook rights. After Wylie announced that he would bypass the Big Six publisher by selling his author’s digital work directly to consumers through Amazon.com’s Kindle store, new and old media debates raged. Was this the final nail in the coffin for traditional publishing? Did the authors support Wylie’s bold move? Could he even follow through? Lines were drawn and opinions flared. Much attention was drawn to the plight and future of publishing, but the final verdict is still out. It’s too early to understand Wylie’s decision, but the detente is likely fragile and short lived.

Random House, which publishes 13 of the books in physical format, was outraged at the development and promptly issued a statement announcing that it would not enter any new English-language business agreements with the Wylie Agency – home to 700 authors and estates – until the situation was resolved… A joint statement issued [two days ago] by the publisher and the Wylie Agency said the two parties had “resolved [their] differences”, and that the 13 “disputed” Random House titles… were being removed from Odyssey Editions and taken off sale.

“We have agreed that Random House shall be the exclusive ebook publisher of these titles for those territories in which Random House US controls their rights,” said the joint statement. “The titles soon will be available for sale on a non-exclusive basis through all of Random House’s current ebook customers. Random House is resuming normal business relations with the Wylie Agency for English-language manuscript submissions and potential acquisitions, and we both are glad to be able to put this matter behind us.” (“Truce called in battle over ebook rights” via The Guardian)

It’s interesting how quickly, how enthusiastically battle lines have been drawn after Andrew Wylie and, more recently, Seth Godin announced that he would skip traditional publishers in an attempt to connect directly with readers. Everyone is looking for a bellwether, but it looks like — at least for the time being — Andrew Wylie has retreated, regrouped and/or renegotiated. Do you think this truce between the Wylie Agency and Random House will endure?

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Digitisation and its Discontents

Stuck in a time warp (image via The Economist)
The Beatles (Photo credit: The Economist)

The band of analogue holdouts is gradually dwindling. Because they are so few and so large, the holdouts are valuable: any technology firm that can persuade the Beatles to go digital will reap fat rewards. Theft provides another stimulus. All the analogue holdouts are widely available online—just not legally. That seems to be persuading even Harry Potter to look more closely at digital distribution. As Neil Blair of the Christopher Little agency, which represents J.K. Rowling, admits, holding the books back from e-readers “is not the best strategy for combating piracy”. (The Economist)

The Economist’s July 22 look at media’s analogue holdouts such as “the Beatles, Harry Potter, Bella magazine and the grizzled crew of the Northwestern, an Alaskan crab-fishing boat”. These “digital resisters refuse to distribute over the internet” at least in part because the financial view is decidedly more bleak than the analogue realm where they’re managing to endure. At least so far. Of course, pirated content circulates the net illegally, and this means that there is value being lost by not digitizing. Is the exodus from analogue to digital inevitable?

Re-Imagine the Future

More nuggets of wisdom from Debbie Stier.

The moral of the story is to think differently.  Really differently.  Forget the old way.  It doesn’t work in the new economy.  Stop trying to control; make something useful and help people use it; get out of the way. Re-imagine the future.

If you’re not too sick and tired of the soap boxing, prognosticating and Doomsday ranting about the future of the publishing industry, Debbie Stier is a good level head to follow. She gets it. Goodbye, Gutenberg paradigm. Hello, Socratic paradigm. But she’s not sensational, nor does she submit her readers to the histrionics proliferating lately. It’s simple: create value, share, yield control and stand clear!

Agent Andrew Wylie Is Threatening to Bypass Publishers

Agent Andrew Wylie is threatening to bypass publishers and license his authors’ e-book rights directly to Google, Amazon or Apple because he is unhappy with publishers terms. In an interview with Harvard Magazine, Wylie said the agency’s negotiations with publishers on e-books were currently on hold across the board.

“We will take our 700 clients, see what rights are not allocated to publishers, and establish a company on their behalf to license those e-book rights directly to someone like Google, Amazon.com or Apple. It would be another business, set up on parallel tracks to the frontlist book business,” Wylie said.

Such a “heretical strategy” would likely meet with stiff resistance from publishing houses, the piece notes in response. The Wylie Agency’s stellar list includes authors Martin Amis, Philip Roth and Salman Rushdie, as well as the estates of giants including Italo Calvino, Arthur Miller, Vladimir Nabokov and John Updike.

Wylie also takes issue with the deals publishers are making with Apple, which he says are similar to those entered into by music publishers. “The music industry did itself in by taking its profitability and allocating it to device holders. Manufacturing and distribution accounted for roughly 30 percent of the music industry’s profit. These were conveyed to Apple in the deal for iTunes. But why should someone who makes a machine—the iPod, which is the contemporary equivalent of a jukebox—take all the profit?” (The Bookseller.com)

Ah-ha, a standoff! Just what we’ve been waiting for, a player with enough hudzpah to challenge the Big Six. Benedictine Page’s post pits literary superagent Andrew Wylie against the publishing industry. That is, thetraditional publishing industry. This could get ugly, but I’m pleased to see someone willing to challenge the Gutenberg Paradigm from within. Outcome will be watched by authors, agents, publishers, book sellers everywhere.

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Inverted Publishing Funnel

Nathan Bransford’s June 10 HuffPo post, “The Rejection Letter of the Future Will Be Silence (And Why This is a Good Thing)” expresses the optimism that I share about the democratization of the publishing industry. His Neil Postman-esque reflection doesn’t flinch from the downside of the Post-Gutenberg Paradigm, but the tenor is undeniably positive: “the very nature of commercial viability in the publishing world is changing quickly with the transition to e-books, and I think it’s ultimately a change for the better.” The agents and publishers who recognize that this publishing funnel inversion will thrive, profit and help redefine the future. Those who hesitate, resist or cling to the Gutenberg Paradigm will struggle to survive.

Clay Shirky, author of Here Comes Everybody, notes that we’re moving from an era where we filtered and then published to one where we’ll publish and then filter. And no one would be happier than me to hand the filtering reins over to the reading public, who will surely be better at judging which books should rise to the top than the best guesses of a handful of publishing professionals.

I don’t see this transition as the demise of traditional publishing or agenting. Roles will change, but there are still some fundamental elements that will remain. There’s more that goes into a book than just writing it, and publishers will be the best-equipped to maintain the editorial quality, production value, and marketing heft that will still be necessary for the biggest books. Authors will still need experienced advocates to navigate this landscape, place subsidiary rights (i.e. translation, film, audio, etc.), and negotiate on their behalf.

What’s changing is that the funnel is in the process of inverting – from a top down publishing process to one that’s bottom up.

Yes, many (if not most) of the books that will see publication in the new era will only be read by a handful of people. Rather than a rejection letter from an agent, authors will be met with the silence of a trickle of sales. And that’s okay!! Even if a book is only purchased by a few friends and family members — what’s the harm?

Meanwhile, the public will have the ultimate, unlimited ability to find the books they want to read, will be unconstrained by the tastes of the publishing industry and past standards of commercial viability, and whether you want to read experimental literary fiction or a potboiler mystery: you’ll be able to find it. Out of the vastness of books published the best books will emerge, driven to popularity by passionate readers. (Bransford, Nathan.”The Rejection Letter of the Future Will Be Silence(And Why This is a Good Thing).” The Huffington Post. 6/10/2010)

Update: Several colleagues and friends get their feathers ruffled each time I pronounce this vision, and I expect this post will be no exception. But it’s worth noting that I do believe books have a long and exciting future. They are valuable, enjoyable and luxurious. They will continue to be. Perhaps moreso as the publishing world evolves in and increasingly digital, decreasingly paper-based direction. Specialty book publishing is likely to endure for these reasons, and because certain content lends itself to print far better than digital formats. But, bibliophile leanings notwithstanding, I’m quite comfortable with the transition from print to digital for most content distribution including fiction, non-fiction, literature, education, etc. In fact, the transition excites me enormously. I believe that digital storytelling will reignite innovation among writers, artists, designers and publishers. New genres will emerge as a result, and debates will rage over what is/isn’t literature. It will be exciting! And there will be less silo-ing, less manipulation of markets and information, less “clubbiness” in the publishing world. This may not last forever, but even for a while these will be positive changes.

Read Nathan Bransford’s full post at The Huffington Post.

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