Publishing’s Paradigm Shift – Effect on Authors

Posted on July 5, 2024 by Tanya

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 One unpublished author is serializing his new book, chapter by chapter on his website where, over the next ten weeks, it will build like a part-work.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 Booksellers

Posted on July 4, 2024 by Tanya

Where do you buy most of your books now? Online at Amazon or other online bookstores? At big box stores like Costco? Barnes & Noble? Or are you a die-hard fan of the small, local independent bookstore where you’re on a first-name basis with the staff?

Bookstores have been a dying breed until now. So how will they be affected by the growing popularity of digitalized books? Here are some possible developments:

•Booksellers will begin adding Espresso Book Machines to stores

•Megastores may disappear and smaller, neighborhood stores could make a resurgence

•Booksellers will become more important as guides in book selection as newspapers continue to lose their book review sections

•There will be more and more niche bookstores

According to Publishers Weekly (April 16, 2010), “Lightning Source has launched an Espresso Book Machine pilot program, done in conjunction with On Demand Books, through which select publishers will be able to offer their customers the opportunity to print their titles on the Espresso machines located in bookstores…There are currently 37 EBMs in operation and 14 planned around the world. On Demand is releasing a new model of the machine which will print books faster—roughly four minutes for a 300-page book as opposed to eight minutes—and be offered at a lower price point.”

“The new bookstores may be book/coffee/tea shop hybrids, with a while-you-wait book printing facility, digital connections to facilitate e-book browsing and purchase, and staff who know and love the books they sell.” (Richard Day, publisher of Self-Councel press)

Check out the video below showing how the Espresso Book Machine works.

Originally posted 2010-11-04 13:59:14.

Beware Self-Doubt in Query Phase

Posted on June 22, 2024 by Tanya

I’m in that foggy phase of writing–I’ve seen my child off into the wide world (I’d say wide, wide world except I haven’t yet queried most of the agents I’ve selected) and am having trouble letting go of it in order to turn around and conceive another. It’s as if Laps is out there wandering in the mist and I’m trying to get a fix on her, keep track of her progress…but the fog gets in the way.

During this phase, it’s important to redouble my goals and not succumb to self-doubt. One day I will get an agent and be published, I am sure. Of course, I’m more sure of that when my baby is closer at hand (as in, I’m in the middle of writing it). Once it’s out there, I have to fend off the little devil in my mind that says, “Forget about all this hassle. Stay in full control and self-publish. Let your audience find you.” I have named this little devil “Spam”–an acronym for Self Publishing Argument Monster.

Thanks to Publishers Weekly, and particularly author Zoe Winters, the following video has helped drive away Spam today: