“Moleskine Mondays” – “E” is for E-reading

Present word count of WIP:  56,585 (Yes, I’ve cut and revised some)

I love my Kindle. I love my iPhone and iPad with iBooks and the Kindle app (as well as a few other e-reading apps like Stanza, DB Bookshelf, etc.) I have a brand new Nook all set to give away as the grand prize at my book launch next month (date still to be announced). So I’m definitely a fan of e-reading.

I’ve gained a lot ever since I began accruing digital books:

1) I’ve gained a LOT of books because it’s so easy and quick, not to mention cheaper.

2) I’ve gained space because I’ve been able to downsize my physical library (though I still feel a bit sad when I see the new roominess on the shelves downstairs…more about that in another post).

3) I do a lot more reading because I take my iPhone or Kindle everywhere and if I find myself waiting in line or something, I can pull out my book.

But what have I lost in the process of switching to e-reading?

Two things:

1) The physical delights of turning pages, smelling the paper, and the grounded feeling of knowing exactly how far into the book I am and how far I have yet to read. (I have been reminded of those delights lately since I’m having to borrow many books from the library to get through my “Thriller Thursdays” list.)

2) Privacy.

My whole family has access to my Kindle library since each of them has a different kind of device (though Allison can’t access hers for the next year and a half), but it’s not them I’m worried about.

It’s the e-readers themselves.

As pointed out in this article by Richard Lea in The Guardian, published July 5th, they’re spying on us. Really.

I don’t know about you, but somehow I’d prefer to be the only one doing the “reading.”

What do you think about your e-reader device gathering intel on your interests as you read? Are you going to think twice the next time you’re tempted to highlight a passage? Or is this one more freedom you’re willing to let slip through your fingers in exchange for market convenience?

Perhaps I should divert from NPR’s “Thriller” list this next week and, instead of reading James Patterson’s Kiss the Girls, pull a book from their Science Fiction/Fantasy list…

Say, George Orwell’s 1984. From the library, of course.

Originally posted 2012-07-16 14:12:40.

Do Free PDFs Work?

Present word count of WIP:  43,781

I’m almost over my cold and hoping my chapped nose (I knew I was blowing my nose too much!) will have recovered by Sunday. Oh, and if anyone out there can tell me why, all of a sudden, I lost all my Google Followers, I would appreciate it greatly. I don’t think it was because they were afraid I was contagious. Seriously, what’s up with Google (besides that whole privacy issue)?

In the meantime, here’s Seth Godin’s next piece of Advice for Authors:

14. Consider the free PDF alternative. Some have gotten millions of downloads. No hassles, no time wasted, no trying to make a living on it. All the joy, in other words, without debating whether you should quit your day job (you shouldn’t!)

I don’t know about you, but offering free PDFs of my stories would be problematic for me. While I got on the Kindle bandwagon early, offering THE RECKONING on Kindle shortly after it came out as a paperback on Amazon, I didn’t do the actual formatting. I paid the people at BookSurge (now CreateSpace) to do it for me. As a result, I don’t have a PDF version of the final manuscript, formatted for print with all the chapter headings and fancy images.

If any of you know how I might get hold of such a PDF version, I might be interested. But then, you come to the question of the value of your work. How many readers value that which they get for free?

Personally, I’ve purchased some 200-300 books on my Kindle and I’m having a tough enough time getting them read, let alone any free books I may come across. Which books do you imagine I’m going to value more and read first? You got it. The ones that cost me money.

In my opinion, money earned from a book is a lot more meaningful, in terms of gauging your fan base, than the number of downloads. While the idea of no hassles and no time wasted is appealing, it’s not very realistic. True professional authors have to work hard to make a living at what they do…but the reason they continue to do it is because they love the writing.

I stopped myself today in the middle of writing a scene that ended up taking me in a whole new direction and thought, “This is just too fun! I am so glad I can do this!”

Sometimes, Godin thinks too much about the money/marketing end and not enough about the joy of writing.

Originally posted 2012-03-02 13:47:31.

Sharing Some Advice for Writers

Present word count of WIP:  19,405

I’m a bit miffed that, after such a good start, my son’s sudden end-of-semester homework requirements took me off-track. After four days in a row of knocking off 1,000+ words a day, I was only able to write 265 words on Wednesday. Thursday and today were even worse. I’m hoping that, after dinner tonight, I can knock out 1,000+ words and update my word count. The bad news is, he’s got another big assignment due next week. I’ll work around it somehow.

In the meantime, I promised to share some advice for writers received in an email from Seth Godin at the Domino Project.

He sent it in two batches. The first was written by him six years ago and basically consists of these five ideas about the state of publishing: (My comments follow in blue)

1) “Book publishing is an organized hobby, not a business.”

His point was that authors and publishers, alike, don’t get much for all their efforts…they’re doing it for love more than money. But there is a certain cachet attached to having written a book or being in the publishing industry. He also noted that writers have an opportunity to “spread an idea and a brand far and wide.” So, if you want to write a book, you need to think long and hard about your true motivations.

2) “The timeframe for the launch of books has gone from silly to unrealistic.”

I agree that a world that once moved slowly now changes from day to day, so I can see his point that we have to consider carefully the “shelf life” of our ideas or stories. (He writes nonfiction, so this is more pertinent to him than to me.) Still, it’s a bad idea to try and write what’s currently popular because, if you’re lucky and it gets published three years later, its popularity will most certainly have waned. Write what you feel like writing regardless!

3) “There is no such thing as effective book promotion by a book publisher.”

He immediately adds that, of course, this isn’t true. Look at Harry Potter or Freakonomics. His point, though, is that out of 75,000 titles published six or seven years ago, only about a hundred were effectively promoted. This, of course, is not news to authors. They expect to have to do the lion’s share of their own marketing these days…most of it online. He also points out that blurbs don’t sell books in and of themselves. What is most effective is to have a platform already–with thousands or tens of thousands of people who care about what you have to say. That platform can be a popular blog, celebrity status, lots of employees, or a personal relationship with someone who has a huge platform and believes in you.

4) “Books cost money and require the user to read them for the idea to spread.”

His point here is that people hate to part with their money and less and less people, apparently, enjoy reading. So we have two obstacles to overcome. I, personally, am not convinced of the latter. Back in November the president of Goodreads did an interview in which he said they then had grown to 6,000,000 members. That said, I think the REAL challenge is finding a way to get your book to stick out among the hundreds of thousands now being published and self-published each year. Now, that’s hard!

5) “Publishing is like venture capital, not like printing.”

It’s true. Anyone can print a book today. That’s why so many books are being self-published. The big traditional publishers, however, are taking a risk when they sign an author to a contract. They’re investing in that writer. As he puts it, “They invest cash in an advance. They invest time in creating the book itself and selling it…and they invest more cash in printing books.” So, you have to decide: Do you want their advance and expertise (I do)…or do you want total control of your printing?

After sharing these five ideas, Mr. Godin gives this advice:

“Build an asset. Large numbers of influential people who read your blog or read your emails or watch your TV show or love your restaurant or or or…

“Then, put your idea into a format where it will spread fast. That could be an ebook (a free one) or a pamphlet (a cheap one–the Joy of Jello sold millions and millions of copies at a collar or less).

“Then, if your idea catches on, you can sell the souvenir edition. The book. The thing people keep on their shelf or lend out or get from the library. Books are wonderful (I own too many!) but they’re not necessarily the best vessel for spreading your idea.

“And the punchline, of course, is that if you do all these things, you won’t need a publisher. And that’s exactly when a publisher will want you! That’s the sort of author publishers do the best with.”

He’s right, of course, but that’s not to say that publishers only publish authors with large platforms. That’s simply not true. Why? Because they love a good story as much as the writer does, and if it’s good enough, they’ll publish it. Oh, you’ll still have to do the lion’s share of the marketing, but I think it will be a good bit easier if you’re traditionally published.

That was only his first batch of advice and it was six years old! His second batch was from five years ago and consists of 19 different points. I think I’ll post about each in turn every Friday over the next several months.

 

 

Originally posted 2012-01-13 17:06:45.

Publishing’s Paradigm Shift – Effect on Authors

With all of this movement toward e-books, what can authors expect in the near future? Some of the coming changes may include the following:

•Funding for authors’ advances may begin to be provided by external investors (as they are with films and plays)

•Best-selling authors, who already have a name brand, may turn to self-publishing for higher royalties, making more room for midlist and debut authors

•Until then, the bar is higher and authors may want to consider self-publishing

•Some authors are already serializing their books online to build readership

•Publishers can’t hold on to rights indefinitely by making books available as POD or e-books, according to recent rulings (when such a book is out of print, rights will revert to author)

Average advances today are between $1,000 and $5,000 for debut literary fiction as opposed to the $50-100,000 advances of the past. For commercial fiction: $15,000 or less. And publishing houses are beginning to shrink their lists, so it’s becoming more and more difficult to get picked up as a debut author.

One option is to take your chances with self-publishing and try to find ways to grow your own fan base. One unpublished author is serializing his new book, chapter by chapter on his website where, over the next ten weeks, it will build like a part-work. In the words of a friend, he’s “doing a Dickens.” And he’s making it available for free, betting that many readers won’t want to wait and will go ahead and download the entire book for less than the cost of a paperback. After that, it will go to Amazon, with an iPod version later. A second, already published, author, John Gorman, is serializing his new thriller to a WordPress site. On the site, his Mission Statement encourages people to contribute to the story. He won’t publish their words, but he might run with their character ideas and plot twists, so there’s a collective element to this novel.

For those who decide to self-publish, Publishers Weekly now puts out a quarterly supplement, called PW Select, that announces self-published titles for $149 and reviews for free those they feel are most deserving of a critical assessment. For more information, check www.publishersweekly.com/diy.

Personally, I went the self-publishing route for my first book and it’s seen very few sales, despite the awards, simply because it’s not out there enough. I won’t go that route again. I’d rather hone my craft and keep writing and querying until I get an agent. An agent will lead me to a publisher who can get my name out there. I’m hoping that a lot of these top authors who no longer need a big publisher will go the self-publishing route, thereby making room on publishers’ lists for more midlist and debut authors.

In my next posting on this topic, I’ll share the thoughts and experiences of some of those who have.

Originally posted 2010-11-15 11:04:47.

Publishing’s Paradigm Shift – Effect on Agents

I had listed the possible effects on literary agents as follows:

•Some, like Scott Waxman, will become e-book publishers, as well

•They will need to become well-versed on self-publishing options as fewer manuscripts get picked up by traditional publishers

•They will need to be able to envision e-book possibilities for their authors

•As their 15% gets less and less for more and more work, they’re looking at alternatives to make ends meet

Scott Waxman saw an opportunity for growth and started up Diversion Books, a straight eBook publisher for quality projects that can’t seem to find a home with traditional publishers. It’s a totally separate company, with different personnel, and Waxman Agency is not a shareholder. While he’s a co-founder, he’s not running it. Waxman says,

“Any author who has a project they think would fit, we’re happy to talk about it, but we’re not soliciting it.”

To make ends meet, some of the other options agents are beginning to consider are:

•Shifting their compensation from a contingency basis to billable hours (like lawyers)

•Charging for services now offered free

•Raising their commissions to 20%

Think of all that an agent now does—reads and responds to queries and manuscripts (30-50 queries a day), edits, submits books that never sell, etc. In a highly competitive environment, with shrinking advances (at the midlist level, anyway) and cautious publishers, it’s getting harder and harder to make a living. Some may begin charging for services like editing, lecture and tour arrangements, marketing, promotional activities, website management, and social networking.

Could you really blame them?

Originally posted 2010-11-01 11:29:52.

Publishing’s Paradigm Shift – Effects on Publishers

Perhaps most anxious about all the brouhaha over e-books have been the publishers. Traditional publishers are worried, perhaps even afraid of all the change, while self-publishing companies (including POD, or print on demand companies) have visions of greater revenues. In any case, I see the main effects as follows:

  • The more adaptable traditional publishers will survive and even thrive after a few bumps in the road
  • There will be more specialized publishers aimed at niches
  • There will be more and more self-publishing
  • Cost of entry for future publishers will be minimal
  • Among the big publishing houses, there will be a devolution from complex, centralized management to semi-autonomous editorial units
  • 50% digital royalty rate may be inevitable
  • Despite all the change, the greatest value of traditional publishing will remain–the editorial process–ensuring their survival

In the latest self-publishing development, Barnes & Noble has now launched their own digital self-publishing platform called PubIt to compete with Amazon’s Create Space. (They’re also coming out with a color Nook to try and take down Amazon’s Kindle and compete more evenly with the iPad.)

As an example of the devolution that is beginning in traditional publishing, in early 2011 Simon & Schuster will reorganize into “small teams of editors, publicists, and marketing specialists.”

According to their new head, Jonathan Karp, each team, comprised of 2 editors, 2 publicists, and a marketing specialist, “will propose, develop, and execute their own publicity and marketing plans, from the moment of acquisition through paperback publication…”

“The chief objective is to create the publishing environment most conducive to focused concentration on our authors,” he continued. “Those who are present at the creation are more likely to bring a greater depth of understanding and experience to the publication of these books. Our authors will benefit from having a dedicated team working on their behalf early in the process.”

Such a development can only be good for writers, who, at times, have had to kowtow to unknowns in the large marketing or sales departments in order to get their books even approved, however lauded their work may be by the editors.

These were the main effects I could forecast from all I’ve read. If you foresee any others, please comment.

My next post will deal with the effects on agents.

Originally posted 2010-10-25 14:01:50.

Publishing’s Paradigm Shift – e-Books and e-Readers

Electronic readers, or eReaders, have been around for a while. I remember visiting a good friend six or seven years ago, whose husband was an avid fan. He pulled out two or three different kinds to show me. While I wasn’t that impressed at the time, he wisely predicted the day would soon come that the right platform and right device would eventually come along and tear down the wall that major publishing houses had built around themselves and all their readers.

Enter Amazon (the most popular platform of choice at present) and the Kindle. Soon after the Kindle, we got Barnes & Noble’s Nook, the Sony eReader, and then Apple’s iPad. Here are some statistics I shared at the retreat:

  • There are currently 49 different E-reading devices, including:
  1. –Kindle (Amazon)
  2. –iPad (Apple)
  3. –Nook (Barnes & Noble)
  4. –Kobo (Kobo Books)
  5. –Sony Reader (Sony)
  6. –? (Google)
  • Retailers will sell 6.6 million e-readers this year (3 million iPads have already been sold)
  • By year’s end, 20% of households will have an e-reader.

I put a question mark at #6 above, because a lot of rumors are flying around about Google coming out soon with its own device to hook up with its platform, Google Editions. A recent LA Times article by Carolyn Kellogg played up this point:

“…Google announced it would move forward with its e-bookstore Google Editions, filling it with books whose rights were not under dispute…As if Google Editions weren’t enough, Google has another big question mark looming this season: Will it launch an e-reader? It is well positioned to rival Amazon.com and Apple as a major purveyor of e-books—and if it follows their leads, it will pair content with device and launch its own e-reader. The most recent rumors say that Google will launch a tablet manufactured either by HTC or Motorola, based on either Chrome or Android. Everyone seems to agree that Verizon is the likely wireless partner.” (Carolyn Kellogg, “Fall Preview: Publishing,” LA Times, Sept. 12, 2010)

My friend’s husband was right. Now that we’re coming out with the right platforms and devices, electronic books are here to stay.

At first, regular readers weren’t so sure. The Kindle was priced kind of high when it first came out, but as others joined in the competition, prices began to drop. Here are some more statistics I shared about eReaders:

  • 10 average priced e-books will offset $139 cost of Kindle
  • 12 average priced e-books will offset $149 cost of Nook
  • 39 average priced e-books will offset $499 cost of iPad (which is a good bit more than just an e-reader)
  • $99 can buy you the 5-inch Libre at Borders

Do you have an e-reader? I do, through my iPhone (which has a Kindle app). And we’re not alone. It’s estimated that, by the end of this year, 10.3 million U.S. homes will have an e-reader, according to Forrester Research. Not only that, but book sales are increasing because e-reader owners buy more books. E-reader owners buy an average of 15 e-books per year (and two thirds of e-readers already owned are Kindles). According to a recently released Harris poll, those who have e-Readers do, in fact, read more.

Here’s how it breaks down: Forty percent of Americans read 11+ books a year. Of those, only nineteen percent read 21+ books a year. But among those with e-Readers, 56% read 11-20 books a year with 26% reading over 21 books a year. E-reader users are also more likely to buy books (good news for us authors). And 53% of those with e-Readers say they read more now than they did six months ago. (I know I do.)

So, how are e-books doing over all?

Sales of e-books are up 200% from last year, but still only represent 3-5% of total sales for publishers (I think this statistic has probably changed over the last month). Mike Shatzkin, a publishing consultant, estimates e-books could be 20% to 25% of total unit sales by the end of 2012. Carolyn Reidy, the chief executive of Simon & Schuster, said in an interview that e-books currently made up about 8% of the company’s book revenue. She predicted that it could be as high as 40% within three to five years. Others are predicting it could go even higher–50%–by 2013.

Are e-books a good thing for us, as authors? Definitely. I tend to agree with literary agent Alexandra Machinist:

“At the moment, anything that gets readers to buy more books is a good deal for writers. I’m of the opinion that e-books provide a vast landscape of impulse purchasing and middle-of-the-night, next-in-series buys that don’t exist with traditional paper books.”

Can we make money by making our books available electronically? Definitely, but the amount we make depends on how big our audience, or platform, is.

The late Swedish writer Stieg Larsson was the first writer to sell more than 1 million Kindle books. But his books kind of caught fire and he developed a huge fan base quickly.

Can your e-book outsell your traditionally published book? Yes, given the right buzz.

In its first five days, Laura Lippman’s thriller, “I’d Know You Anywhere,” sold 4,739 e-books and 4,000 physical hardcovers. “This is the first book of ours of any consequence that has sold more e-books than hardcovers in the first week,” said Frank Albanese, a senior vice president at HarperCollins. “What we’re seeing now is that if a book gets a good review, it gets a faster lift on the digital side than it does on the physical side because people who have e-readers can buy and read it immediately.”

Every serious writer today should definitely become familiar with digital publishing. We can’t afford not to.

In my next posting, I’ll be talking about the effects of this shift on Publishers.

Originally posted 2010-10-22 11:36:13.