Winds of change
Kathleen Bolton on Aug 09 2010 | Filed under: Business, REAL WORLD
In 2000, just as I was starting to get serious about pursuing a career in fiction, I attended my first writer’s conference. Out of all the seminars and talks I went to, the one that was the most lightly attended was the one on e-publishing. The editors for Ellora’s Cave, St. Martin’s e-press (which folded a few years later), and a few others were pitching the concept that e-publishing was viable and was welcoming to authors who were writing books that “colored outside the lines” a little.
I remember our response too. The hidden eyeroll. E-publishing was surely a fad, we agreed after the seminar. Here today, gone tomorrow.
As digital books continue to gain market share, one of the country’s oldest mass paperback publishers is abandoning its traditional print books and making its titles available in digital format and print-on-demand only.
Dorchester Publishing Inc., a closely held book and magazine house, said it is making the switch after its book unit sales fell 25% last year, in part because of declining orders from some of its key retail accounts, including Wal-Mart Stores Inc. A spokeswoman for Wal-Mart declined comment.
Woah.
I believe this is the beginning of smaller presses going solely to digital in the coming months. Like the transition from CD to downloads for the music industry, the digital revolution is moving swiftly.
“By the end of 2012, digital books will be 20% to 25% of unit sales, and that’s on the conservative side,” predicts Mike Shatzkin, chief executive of the Idea Logical Co., publishing consultants. “Add in another 25% of units sold online, and roughly half of all unit sales will be on the Internet.”
What will this mean for writers?
Good and bad, I think. My cynical nature tells me that publishers will find some way to squeeze the writer. Royalty percentages, never princely to begin with, are higher for electronic rights, up to 25%. There’s plenty of margin there to start shaving off a contract.
But the good news is that portable electronic devices offer consumers impulse buying opportunites. Instead of having that cooling off period between learning of a new book and going to the store to buy it, the download can happen instantly. I think new book sales will actually rise.
What do you think about traditional publishers going totally digital and abandoning print? Is it going to be good for writers, or another market challenge? What other publishers do you guess will be moving to digital soon? My prediction: Kensington goes next.





















Good points made. Digital publishing is going to keep on getting stronger. I like to think there will always be a place for print books (nothing beats the feel of a book in my hands!) but e-books are here to stay.
I also think that e-book prices are too high for the reader, considering that there’s no print costs involved.
Judy Croome
Visit my blog for the Free Autographed Book Giveaway to celebrate Southern African Women Writers
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“Up to 25%”? You might want to check page 6 of Ellora’s Cave’s current writer information packet. http://www.jasminejade.com/docs/AuthorInfo.pdf. You’ll find you’re lowballing that royalty percentage by a pretty significant factor :-)
I think e-books are only going to get more popular as the price of dedicated e-readers comes down and there are more and more form factors available (including virtual form factors – I usually read on my iPhone now, or my desktop). But I have to admit I was hugely excited to find one of my previously e-pubbed titles was being released in print. It’s nice to have something tangible.
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I’d never heard of e-publishing, but found a new publisher who was looking for short stories as well as full-length novels. I figured I had nothing to lose, since there weren’t many other options for a short romance at the time. That was with The Wild Rose Press, and I subsequently published a novel with Cerridwen Press. Then a couple more. I bought (and still have) an e-reader, although the Kindle hadn’t been heard of yet. I think it should be about choice – there’s room for digital and print, and all the uproar about either-or just plain bugs me.
Terry
Terry’s Place
Romance with a Twist–of Mystery
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[...] This post was mentioned on Twitter by Todd Rutherford, Phaze Books. Phaze Books said: #writing Winds of change: In 2000, just as I was starting to get serious about pursuing a career in fiction, I att… http://bit.ly/boXDgH [...]
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Just to keep it in perspective, nearly a decade down the road from the digital music revolution, per unit sales, 60% is still hard media. Notice that’s unit sales (as in CD vs online single sales).
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I don’t have any predictions, but I think it’s important for writers to be open to change. Yes it’s scary, and yes it may not work right away, but if you simply duck your head into the sand, you may miss out on great opportunities.
Realistically, I think authors may find the greatest success with a blend of traditionally published and e-published (or even self-published) books. Once you help get a name established, readers will look for your other works, and if you are publishing them yourself, you can enjoy greater financial rewards. This also allows publishers to save their financial backing for (a) new writers, and (b) projects that they feel will sell/profit strongly. To me that seems like a win-win (although I am fully aware that I could be missing a part of the picture… I’m not an expert!).
Anyway, I am trying to stay informed, if not active, in this evolving publishing landscape. It’s not easy, but then, I never expected this job to be. :P
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I looked into buying a Nook a few weeks ago. The sellers are able to brag that e-books will always be cheaper than hard cover or paperback. Look a little closer and you see that often times the price difference is a matter of cents. I agree with Judy, e-book prices are far too high.
There so so many benefits to e-books, but I can’t get myself to sacrifice the feel of a paperback book. Not yet anyway…
Thanks!
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I’ve been in electronic publishing for 25-30 years in my day job and this world keeps changing – that’s the nature of it. Traditional publishing is finally being forced to catch up with it.
I love the opportunities in digital publishing for writers, but as a reader, I prefer print. Maybe because I’ve worked online for so many years, reading online feels like work to me.
I’m hoping there will be both – one thing I like about my publisher is that it’s “digital first” and then print. I think that’s the way to go.
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I’m consistently being asked if my novels are going to go from traditional to e-book and I am really being pushed to upload fan-fiction I’m writing as an e-book. I’m the most traditional person one can find. I love a book in my hands, I love bookshops but I also believe publishing is changing. My books were POD published by YouWriteOn.com/Lightning Press UK and that seemed cutting edge to me personally, two years ago, especially as I live in Australia. But perhaps the international nature of that publication has opened my mind to other things.
Now I think I’d like to jump in at the early stages of the digital revolution. It can do no harm, in fact if one reads all the literary agents’ blogs, it may only do good. I hope to have both the 2008 and the 2009 titles in e-book by the end of this year.
As to the fan-fiction, I’ll do that as a free download. If nothing else it gives my work a bit of free publicity.
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I wonder what epublishing will mean for agents. With it being fairly easy to put books onto Kindle, and presumably soon to be easy on the other ereaders as well, where does an agent fit in?
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I’m about the last person to ever ask about trends, but I have two comments. The first is regarding the availability of print books, which I believe to be already dwindling in my Canadian town as book-related products replace paper books. I’m a die-hard print enthusiast, but I’m beginning to see the ereading attraction from this alone.
The second is more of a question: how much of current e-book sales can be attributed to people uploading their paper library? In other words, is it a one-time bump? Anyone have any idea?
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