Wednesday, July 13, 2011
News From The Publishing World - 13 JUL 2011
Here are some interesting clips from around the horn in the world of publishing:
It's a good day to be a writer, from Forbes, DTD 6 JUN 2011.
Book Expo, the publishing industry's annual convention was recently held in NY and one of the things to come out of it was that that with digital writing and publishing coupled with social networking has indeed revolutionized the book business, giving authors more say-so.
Publishers, more traditional one, have been slow to get on the bandwagon. Most books they release release lose 80-90 percent. They don't even earn their advances. Many have come to realize that the old marketing methods don't work. Social networking is where it's at.
$50K ad spot in the NY Times.
20+ city booktour w/1st class in airplanes, limos & hotel suites.
Appearance on TV shows.
Word to mouth generates the buzz. If an author can you use social media to connect to readers, they generate buzz. Blogging, websites, Facebook, Tweeter, You Tube and social networking are (free) and have a better chance of reaching those readers who might be interested in the work, whether it’s an ambitious literary novel or genre romance, sci-fi and mystery, paranormal or super-wholesome faith-based inspirational stories. And the author can work from home in their PJs if they want!
Wwe’ve all heard about Amanda Hocking, The Shack (ten million copies sold), Chicken Soup for the Soul, John Locke, Stephanie McAfee (Diary of a Mad Fat Girl), Bella Andre, and the phenomenal success of Joe Konrath and his many self-published titles.
That’s why more authors are diving into self-publishing. As author work at their own self-marketing, which if oftentimes inexpensive, they are starting to see more results. The most challenging part is writing the book that will create the buzz.
Your Publisher should not be your Agent
I think on it's face alone that it's common sense that your agent should NOT be your publisher. Look at this way, if the agent does become the publisher than they are now a principal in the transaction. Conflict of interest because now the agent is looking out for #1 and the CLIENT, ie the writer should be #1.
Agency law makes it clear that an agent must not engage in self-dealing, or otherwise unduly enrich himself from the agency. Nor must an agent usurp an opportunity from the principal by taking it for himself.
In recent weeks, there have been a spate of agents who have cut deals on behalf of their clients with… themselves. One such involved the agent to the estate of the late author Catherine Cookson. According to the Daily Mail, the literary agent didn’t even inform the author’s publishers, Transworld and Simon & Schuster, that she’d done a deal – with herself – to digitally publish 100 of the author’s titles. “I haven’t told either firm about the deal”, she said, “and I am sure they are going to kick up a fuss about it”.
Yes, I bet they will.
New Ebook Reader:
Google eBooks is partnering with Korean electronics manufacturer iriver to release the Story HD, an e-book reading device integrated with the Google eBooks platform. The Story HD is an e-ink device with wi-fi connectivity and beginning July 17 it will be priced at $140 and sold exclusively through Target stores.
Kobo Ebook Reader updates:
Canadian e-book retailer Kobo’s new $130 touch screen reader is lighter, cheaper and is said to be faster and more powerful. It’s definitely way cooler than the old Kobo reader, offering a new, sophisticated graphic home screen interface and it gives consumers the ability to easily synch their reading across desktop, phone and tablet devices. While none of this is unusual among the leading e-reading devices, Kobo continues to serve notice that it plans to compete in the international e-book market.
Nook Ebook Reader updates:
Hot on the heels of Kobo’s launch of a $130 e-ink touchscreen device, Barnes & Noble unveiled the Nook Simple Touch Reader, a $139 black & white e-ink touchscreen device with an upgraded 6” screen, faster page-turns and a battery B&N says will hold a charge for two months. The device will go on sale June 10.
Food for thought from Steph:
Ereaders and ebooks continue to be popular and many other companies are updating their ereaders or getting into the game. There's a lot more variety out there so if you're in the market for an ebook reader shop wisely.
An agent should not be your publisher. I think that's a no-brainer. if they are, who would look out for #1?
The big observation: There's a shift in marketing/promo strageties with authors taking on more responsibility. Social networking/media is hot. It's free and easy to reach people over the internet, but I think you still need a QUALITY project that will create buzz to stand out.
For those that are ebook authors it's always tough to get out and do a book signing. Where's the book, right? Consider this: Perhaps you could get with your local B&N or Borders and help sell their ebook readers. Go to the store for an hour or two, sit down at their ebook reader section and sell the book. You could have postcards, and other marketing items to sell your book as well. It's a win win for you the author and the bookstore. If anyone has done this, post a comment. I'd be curious to hear your thoughts.