— Josh Kilen :: Stories and Ideas

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Publishing

Authors, welcome to the game.

It’s hard, and brutal. If you’re not careful it will swallow you whole.

I’ve learned this the hard way. Being a “self-published author” looked kind of glamorous, especially if you read stories about the likes of Amanda Hocking, JA Konrath, or John Locke selling millions of books in just a few months. After five or ten of those articles, my head swam with large figures as I counted my make-believe money, and imagined the love and adoration of my dream fans.

So I sat down, wrote a book, learned how to format it for eReaders, designed my own cover in Photoshop, and finally published my novel.

Hooray!

And then something curious happened.

Absolutely Nothing

A few sales trickled in, mostly from friends and family, certainly nothing I could live on. I was not easily discouraged though and published another. But I found the same results. I “promoted” and got the word out, sales ticked up slightly but nothing like I imagined it would be.

Depression and disillusionment set in, where are the riches and glory?

Here’s the problem.

I was acting like an author, but not a publisher

Self-pub authors do publish their own work, making them publishers in the most basic sense, but simply publishing doesn’t make them a good publisher. It’s like saying that stringing some words together into a story makes someone a good author. It means you can write, it doesn’t make you good.

From what I can see, good publishers think about:

Good publishers worry about catalogs and overall sales.

Good publishers worry about how to get out more product before the new stuff is swallowed whole.

Good publishers do what it takes to get the book in front of people that want to read it.

Good publishers do a lot more than hope, dream, and wait for sales. Good publishers think about the bigger picture, they promote like crazy for their authors, and are always looking for the next big hit.

Authors need to start thinking like a good publishers, and eventually they will become a good publishers.

Here are some tips and ideas about how to start thinking like a good publisher:

1) Pay Attention to Your Customer

First and foremost. Above all else.

If you really want to control or influence your sales, find out WHO is buying your book(s), then find HOW they decided to buy it. From there you can make more intelligent decisions about how to promote your work to the right people in the right way.

This is not easy and why major companies (major publishers included) spend millions in market research etc… they do a lot of small things that make a big difference to the end user.

2) Write a lot more, with a Twist

Write like you’ve never wrote before. If you read writing blogs this may be the most common advice because it’s true. You should spend every waking moment you have getting new work out.

Or partner with co-writers to write faster. Use Google Docs to remotely collaborate on a novel or series with them and use the synergy to put out more titles.

Or find people that want to put out a book but just need a little encouragement, and publish the book for them. Walk them through the process of writing or find a ghostwriter (maybe yourself if you have time) to do the hard work.

The point is… get new titles out, period. Any way you can. Think like a publisher, not an author.

I’ve heard it said once that “Hope is not a sound business strategy”. While I do think that luck plays a big role in breakout success, it’s not enough. With all due respect to Konrath, sometimes luck needs a helping hand.

If you don’t want to market heavily or ride many waves of changing business practice, you have to hope that luck will swing your way. The best way to do that is to get new titles out all the time.

However, I think for the few that do BOTH of these, they will find long term success as a publisher. And as an author.

 

Josh Kilen writes books that help people live better stories. His most popular works are his bedtime stories for kids.  Meant to be read night after night in serial fashion, these novella length stories are broken into easy to tell 5-10 minute episodes that always end on a cliffhanger. Your kids will be clamoring for the next episode. In addition to more bedtime stories, Josh is working on a book about Social Media Marketing for artists and authors, and he’s finishing an epic tome on artistic motivation using story and game design.

 

 

 

 

 

 

 

 

 

 

 

 

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The infamous Joe KonrathHonestly, Joe Konrath says it so much better than I can, so I will let him:

Excerpt from http://jakonrath.blogspot.com/2011/04/guest-post-by-bob-mayer.html

Last year I predicted that legacy publishing wouldn’t be done in by technology, or by readers retreating from print and embracing digital. It would be authors who kill the Big 6 by deciding to self publish.

Looking back at my old blog posts amuses me, because they’re a combination of eerily predictive and massive underestimation (for example, a year ago at this time I believed I could earn $100,000 in seven months, and I’ve just done that in seven weeks.) But even though my thoughts about the future were conservative, the majority are coming true. Publishers still don’t understand that they aren’t going to have anything to publish if they don’t immediately change their ways.

Once again, for all those industry folks who read my blog but are too chicken to leave comments, here’s what you need to do:

HOW THE PUBLISHING INDUSTRY MIGHT STILL SAVE ITSELF

1. Give authors fair e-royalty rates. 50% should be the ground floor, and it should go up from there using various escalators.

2. Share the e-wealth with authors by offering them higher rates on contracts that are still active.

Did you hear that, Hyperion and Grand Central? Pay me more money for my Jack Daniels books and for AFRAID. Let’s redo the ebook clauses on my old deals so they’re fair in this brave, new ebook world. Because if you don’t, I’m going to exploit my interactive multimedia rights, release my backlist as enhanced ebooks, and UNDERCUT YOU ON THE PRICE.

You think people will buy your bare-bones version of WHISKEY SOUR for $4.79 when they can get my enhanced version for $2.99? Would some iPad of Nook Color owner rather have a black and white text version of AFRAID for $6.99, or one with games, artwork, author audio commentary, and annotated clickable links for $2.99?

That’s right. They’ll buy mine, not yours.

Now IMAGINE THAT HAPPENING WITH EVERY SINGLE AUTHOR YOU HAVE UNDER CONTRACT.

Yeah, I’m yelling. Because you need to wake up fast, or you’re over.

3. Drop the prices of ebooks. If anyone in New York has been PAYING THE SLIGHTEST BIT OF ATTENTION TO ME FOR THE LAST TWO YEARS I’ve made it painfully clear how cheaper ebooks make more money than expensive ones, with reams of data and dozens of examples to support this.

4. If you are an agent, begin to morph your business into an estributor model, or you’ll sink along with the Big 6.

There. I’ve laid it all out for you. Now go have your meetings and act on it, or you’re not going to survive the next two years.

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Will cheap eBooks destroy the book industry?Go on Amazon.com or Barnes and Noble and you see thousands of books priced at $.99, $1.99, and $2.99.  Many people are worried, saying this doesn’t bode well for the industry and readers.

I couldn’t disagree more…

The industry as a whole will be fine, people are simply purchasing more books electronically.  This is just the newest trend, and since digital downloads don’t have any of the costs associated with print, they are much cheaper.  Or should be.

That’s where most publishers get into trouble

While the industry may be OK, Traditional Publishers may be in some trouble.  These days it also makes more fiscal sense for most authors to sell direct to readers through an electronic medium.  An example, Amazon splits the revenue 35/65 on $.99 book purchases, and 70/30 on purchases $2.99 and above.

So if you retained your digital rights to your next book, you could price it at $2.99 and receive a $2.09 royalty per sale instead of the standard $1.34 royalty (or 17%) from a traditional corporate publisher.  And how many more books will you sell at $2.99 than at $8.99?

There’s now potential for authors to make millions on their own

In fact, New York Times Bestseller Author, Barry Eisler, recently turned down a $500,000 advance from St. Martin’s Press on his next book, and decided to instead sell the novel direct to readers on the internet.  He cited that the royalties from many, many years of online sales would far eclipse the advance and small royalties from the publisher.

But many say $.99 is just too cheap, it’s devaluing books

But many “direct to reader” authors are using the $.99 price point to bring in new readers, essentially making their books an impulse purchase.  Then, when the readers are good and hooked, upping the price back to $2.99 or higher.

J.A. Konrath talked about this in his blog.  He adjusted the price of a novel, The List (not affiliate), to $.99 and it shot up to #15 on the Amazon Bestseller list. During the 15 days his novel was at $.99 he made $5647 and sold 1500 copies a day average.  Then he raised the price to $2.99 and made $4092 in 50 hours.Obviously not every author is going to make $9700 and sell 20,000+ books in 17 days, but many are selling thousands every month, many at $.99, and they are making a living.

If authors do well, then readers will do well

In the future I see more good authors receiving more of the fruits of their labors, which makes them want to write more, so that readers get more of what they want at a cheaper price.  How is everyone getting more of what they want a bad thing?

All of this change bodes well for the authors and the readers, just not the traditional corporate publishing industry.

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One of the groups on LinkedIn asked an interesting question: Is E-Book only publishing – Literary equivalent of ‘Straight to video’ films?

To answer that question

No. For an increasing number of people the stigma of “e-books” is fading and being replaced with “That book on my Kindle” or “That book on my Nook” (say that last one out loud, it’s fun).

Can we prove the trend?

http://money.cnn.com/2011/01/27/technology/amazon_earnings/index.htm

http://www.pcworld.com/article/218039/amazon_kindle_book_sales_soar.html

Now, there are many more people who prefer to hold a book over downloading a book on their Kindle, Nook, or iPad.  But which is showing an increase; downloads or paperbacks sold?  The links above only show Amazon, but as the largest book seller in the world I think we should consider this a valid trend.

This has all happened before

Let’s look to other industries that have been absolutely rocked by the onslaught of digital technology.  How many video stores do you see anymore?  Is that a good business to be in?  How about record stores?  Would you invest in a friend opening a store that sells CD’s?  It looks like books and bookstores will suffer the same fate, soon relegated to specialty and vintage sales.

My verdict? E-Book publishing used to be like the old “straight to video” movies, but it is increasingly becoming a preferred method for the readership.

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Let’s consider a completely fictional Amazon story, but one that has a ring of truthiness.

Mrs. Average Kindle User just got a Kindle for Christmas and absolutely loves it.  At first she downloads a few authors that she knows from print, but she has to pay $9.99 or more for each title.  She loves their books, and downloading book is much cheaper than hardcover, so she’s happy with what she’s getting.  But after a month or two, she starts to look at Amazon’s book recommendations or the eBestsellers lists and notices other authors that she’s never seen before.  She has no idea whether these are “real” authors or not, but if their books are in the top 10 of all bestsellers then they must be worth trying right?  Plus they only charge $.99, which makes her suspicious, but that also makes purchasing less risky. She decides to go ahead and buy it.  She reads the book, finishes in two days actually.  It was a quick read.  And not too bad, at the very least it was worth a buck.

When in need of a quick read down the road, can you guess which novel she’ll buy?  Will she buy James Patterson for $12.99 OR will she go for John Locke or Jack Kilborn or Victorine Leiske at $.99 each?  Now her brain must do some interesting math.  She must decided, usually sub-consciously, whether reading Patterson gives her 13 times more enjoyment than the other books.  Unless an Expensive Book is HIGHLY recommended by a friend, I predict Mrs. Average Kindle User will begin to choose the less expensive authors more often.

I think that a majority of readers will pay more attention to the price of the work as opposed to whether or not it has a publisher.  And instead of being a deterrent, signaling a poor-quality work, the $.99 – $2.99 prices will draw people in at an ever quickening pace.  If the quality matches the price then why pay more?

So, most people don’t have a bias toward self-published books in an electronic format.  This is why currently, James Patterson is #12 on the Amazon eBestseller list and John Locke is #1, and #4, and #9.  And all seven of his books are in the top 100.  Locke is self-published but he’s sold 350,000 copies in the last 2 months, and his popularity is growing.  And I’ll let you in on a secret… his writing is not great.  But people BUY what is popular.  That may change someday but for now I think self-publishing in the electronic format is the way to go.

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