Ebooks

Articles specific to writing and publishing ebooks.

Is Kindle Countdown the new Free? Keeping Books Visible in 2014

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This post by M. Louisa Locke originally appeared on her blog on 2/25/14.

For the past year there has been a good deal of hand-wringing over the question of KDP Select free promotions. Have they de-valued fiction, do they attract negative reviews, do they even work anymore? As anyone who regularly reads my blog posts knows, I have been a strong proponent of offering ebooks free for promotional purposes, and free promotions have been very good to me in terms of increasing my reviews and keeping my books visible and selling.

However, I also believe one of the distinct advantages we have as indie authors is our ability to use our own sales data to respond innovatively to changes in the marketing environment. As a result, in the past year I followed a number of different strategies to keep the books in my Victorian San Francisco Mystery series visible, including beginning to experiment with the new promotional tool, the Kindle Countdown, that has been introduced as part of KDP Select.

In this post I am going to:

A. Review how successful the strategies I pursued last year were for selling books in 2013.

B. Address whether or not Free is failing as a strategy.

C. Compare the Kindle Countdown promotions to Free promotions.

D. Assess whether or not Kindle Countdown promotions can replace free-book promotions as my primary promotional strategy for 2014.

 

Click here to read the full post on M. Louisa Locke’s blog.

 

Scribd.com: Opt-in, Turn-on, Opt-out?

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This post by Rich Meyer originally appeared on Indies Unlimited on 3/7/14.

For those of you who may have missed the news, Smashwords.com is now distributing their books to Scribd.com, an online e-book subscription service. If you’re not familiar with Scribd, think of them as the Spotify or Netflix Streaming of e-publishing: Subscribers pay a monthly fee and then can download and read as many books as they want. Authors will get a percentage of that, depending on how much of their book was read by the end consumer.

Here comes the first kick-in-the-pants for authors. If you compare things to, say, Spotify, the popular on-line music service, you’ll easily find references on the Internet to popular performers having their songs played millions of times and getting royalty checks in whole TENS of dollars. Supposedly, if Scribd is anything like the Oyster service, Smashwords authors will be getting 60% of the price of a book borrowed by a reader, as long as nearly 20% of the book is read. So unlike the great deal where an author using Amazon’s Kindle lending library through KDP might get $2 per lend for a 99-cent e-book, a Scribd book will net a writer 59 cents. And that’s only if the person reads 20% of it. Which is something I will come back to in a bit.

Scribd has actually said things will work out fine “if most readers read in moderation.” Umm … a reader who would consider a subscription service for books is more than likely not one that would read in normal “moderation,” whatever the hell that is. I consider myself to be a slightly-above average reader, and I’ve already read over sixty books since the first of the year. Imagine how many some of the power readers could do? Of course, if they read the whole book, then at least the author gets a bit o’ dosh for it. Unless … well, again, more later.

 

Click here to read the full post on Indies Unlimited.

Then, to get Smashwords’ side of the situation, please also see this post from Smashwords founder Mark Coker announcing the Scribd distribution deal and explaining the particulars.

 

Common Ground in the Debate of Self v. Traditional Publishing

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This post by Jack W. Perry originally appeared on Digital Book World on 2/21/14.

A storm was created last week in response to Hugh Howey’s Author Earnings post. It was widely criticized by many but also praised. It started a lot of discussion.

Having read most of the back and forth, I did notice a few commonalities.

Some issues all sides generally agree upon:

1) Digital has demolished the distribution barriers to entry for self-publishing. Before digital a self-published author would have to pay to print and distribute books. That was an outlay of cash and inefficient. The author then went to indie bookstores to get distribution one book at a time. Hoping to eventually break through and signed a major deal. Today an author can upload their book and get instant distribution to the entire country. Sales can happen immediately. The goal may be to remain independent or to gain negotiating leverage with traditional publishers.

2) The data is incomplete and there is a definite need for more transparency. Amazon, B&N, Apple and Google don’t publically release sales data. There is no “Bookscan for ebooks” although Nielsen is working on it with PubTrack Digital. Self-published and the Amazon proprietary titles are generally felt to be under-reported if at all. This feeds into the debate of the size of self-published ebooks. By withholding the Kindle data, Amazon has created a massive hole in any analysis. Perhaps a company like App Annie could fill that void and be a resource of data and analytics.

 

Click here to read the full post, which includes four additional points of discussion, on Digital Book World.

 

Does What You Paid For A Book Affect How You’d Rate It?

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This post by Jane Litte originally appeared on Dear Author on 2/23/14.

When I first started buying my own books some twenty plus years ago, I had very little money. My favorite authors were starting to come out in hardcover (Julie Garwood, for example) and unless I wanted to wait to be the 80th person at the library to read the book, I had to fork over $22.00 or more which, at the time, was a lot of money for me. It basically meant I wasn’t going to be able to buy another book or maybe even eat anything but ramen and macaroni for the month.

Most of the time, however, I bought my books used at the Half Price Bookstore or some other used bookstore that sold romances for $0.10 or $0.25. And when I bought the hardcover, I knew that I was sacrificing at least four other reads for that one book.

As I got older, I was able to buy more books but my reading habit got to be really pricey so I instituted a book budget of no more than X amount of dollars to be spent a month. Because I read three to five books a week, I was only able to purchase about eight titles a month new and the rest would have to be library lends or used book store purchases. During the heydey of chick lit, I was really struggling!

Price has always been a big thing for me when it comes to books and from what I’ve heard from industry professionals, mass market purchasers are very price sensitive. Most romance readers are mass market purchasers although the new readers coming in to the market after Fifty Shades are probably not.

There’s an interesting concept called anchoring. Anchoring is the tendency of humans to rely on the first piece of information offered. In economic terms, anchoring means that the first price a consumer encounters for widget A is likely the price that the consumer believes she should always pay for widget A. (Widget is an official economic term. No lie.)

 

Click here to read the rest of the post on Dear Author.

 

Cheap Words: Amazon Is Good For Customers, But Is It Good For Books?

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This article by George Packer originally appeared on The New Yorker site for its 2/17/14 print issue.

Amazon is a global superstore, like Walmart. It’s also a hardware manufacturer, like Apple, and a utility, like Con Edison, and a video distributor, like Netflix, and a book publisher, like Random House, and a production studio, like Paramount, and a literary magazine, like The Paris Review, and a grocery deliverer, like FreshDirect, and someday it might be a package service, like U.P.S. Its founder and chief executive, Jeff Bezos, also owns a major newspaper, the Washington Post. All these streams and tributaries make Amazon something radically new in the history of American business. Sam Walton wanted merely to be the world’s biggest retailer. After Apple launched the iPod, Steve Jobs didn’t sign up pop stars for recording contracts. A.T. & T. doesn’t build transmission towers and rent them to smaller phone companies, the way Amazon Web Services provides server infrastructure for startups (not to mention the C.I.A.). Amazon’s identity and goals are never clear and always fluid, which makes the company destabilizing and intimidating.

Bezos originally thought of calling his company Relentless.com—that U.R.L. still takes you to Amazon’s site—before adopting the name of the world’s largest river by volume. (If Bezos were a reader of classic American fiction, he might have hit upon Octopus.com.) Amazon’s shape-shifting, engulfing quality, its tentacles extending in all directions, makes it unusual even in the tech industry, where rapid growth, not profitability, is the measure of success. Amazon is not just the “Everything Store,” to quote the title of Brad Stone’s rich chronicle of Bezos and his company; it’s more like the Everything. What remains constant is ambition, and the search for new things to be ambitious about.

It seems preposterous now, but Amazon began as a bookstore. In 1994, at the age of thirty, Bezos, a Princeton graduate, quit his job at a Manhattan hedge fund and moved to Seattle to found a company that could ride the exponential growth of the early commercial Internet. (Bezos calculated that, in 1993, usage climbed by two hundred and thirty thousand per cent.) His wife, MacKenzie, is a novelist who studied under Toni Morrison at Princeton; according to Stone, Bezos’s favorite novel is Kazuo Ishiguro’s “The Remains of the Day,” which is on the suggested reading list for Amazon executives. All the other titles, including “Sam Walton, Made in America: My Story,” are business books, and even Ishiguro’s novel—about a self-erasing English butler who realizes that he has missed his chance at happiness in love—offers what Bezos calls a “regret-minimization framework”: how not to end up like the butler. Bezos is, above all things, pragmatic. (He declined to be interviewed for this article.)

 

Click here to read the full article on The New Yorker site.

Writer Hopscotch

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This post by Karin Cox originally appeared on Indie Chicks Café on 10/18/13. In it, she addresses the controversy surrounding Kobo’s decision to pull all indie titles submitted via Draft to Digital last fall.

It’s one step forward, and a jump to the left for self-publishing.

Two years ago, I decided to take my writing life in my hands and self-publish. At the time, I worked in the trade publishing industry and I saw the free-fall trade publishers were going into (either that or burying their heads in the sand) when it came to digitising titles. I also know how difficult and slow a process it was seeking out an agent and a contract and going through the mill. Frankly, I didn’t have the patience, and I saw the success others who had self-published were achieving.

Back then, in 2011, there was no Bookbub, Draft to Digitial, or Kobo writing life, and most international authors, like myself, were disadvantaged—receiving payment by cheque (or carrier pigeon) and unable to upload to some platforms. Since then, I’ve paddled through rivers of advice, both good and bad, trying to keep my self-publishing canoe afloat. Sometimes, I have found myself up the proverbial creek without a paddle. But one thing I have found is that, like most businesses, self-publishing is never static. It is very often a strange dance, or a game of hopscotch, leaping here and there in an effort to jump on the latest craze or publicity opportunity, or to avoid the pitfalls placed in your way.

Some of the advice I have received is purely commercial:

”Write in popular genres so you can make money and afford to write other books (like literary fiction or fantasy).”

“Upload directly so you get a better cut of the money.”

Some is more inspirational:

“Write what you love and the success will follow.”

“Don’t forget to live.”

And some is technical or logical: “Use smarturl and affiliate links to promote your books.”

“Ask for reviews in the back of your books”

“Change categories often using a list of popular keywords at http://www.keywordtooldominator.com/k/amazon-keyword-tool/”

“Price pulse to get on bestseller category lists.”

However, no matter whether you follow the advice or not, as a self-publisher you’re still at the mercy of the system, as many publishers of erotica and romance, and just novels in general, found out over on Kobo this week. In a knee-jerk reaction to some extremely questionable content published by a few unscrupulous authors, Kobo pulled all self-published titles that had been uploaded through the aggregator Draft to Digital—a simple-to-use and more efficient site for uploading as a one-stop shop to Apple, B&N and Kobo.

 

Click here to read the full post on Indie Chicks Café.

 

Playing with Permafree Books – The Results

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This post by Nick Stephenson originally appeared on his site on 1/9/14.

I’ve been experimenting with a permafree book over the last few weeks – admittedly, I’m a little late to the game, but with so many indie authors using this approach, I figured it was time to dip my toes in the water. I chose my shorter title, “Paydown” (a 95 page novella) as the guinea pig for this little experiment. The book has been well received, with a 4.2* rating on Amazon over 15 reviews at the time the title first went free. A few weeks later, reviews are still good, averaging 4.1* over 28 reviews. But I’m far more interested in measuring the ROI, so here’s the breakdown for y’all:

Price of Paydown prior to permafree = $0.99c
Average daily revenue for Paydown prior to permafree = $2.20
Average daily unit sales for Paydown prior to permafree = 6

Granted, I only had the book up for sale for 2 weeks before going free, but that gives you a rough idea. Essentially, for every day the book is free, I’m losing $2.20 off the bat (I figured I could live with that). So how did jumping on the permafreebie bandwagon help sales across my other titles? Here’s a lovely graph:

 

Click here to read the full post, which includes a breakdown of the sales figures, detailed analysis, and conclusions, on Nick Stephenson’s site.

 

Book Publishing May Not Remain A Stand-Alone Industry And Book Retailing Will Demonstrate That First

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This post by Mike Shatzkin originally appeared on his The Shatzkin Files blog on 1/29/14.

You are missing some good fun if you don’t know those AT&T commercials where the grown-up sits around a table with a bunch of really little kids and asks them questions like “what’s better: faster or slower?” There always seems to be an obvious “correct” answer. Those kids could answer some important questions about ebook retailing in the future like these:

“What’s better? Selling just ebooks or selling ebooks and print books?”

“What’s better? Selling in just one country or in all countries?”

“What’s better? Selling just books or selling books and lots of other things too?”

“What’s better? Having one way to get revenue, like selling books with or without other stuff, or having lots of ways to get revenue so that books are only a part of the opportunity?”

And the answers to those simple questions, so obvious that a 5-year old would get them right, explain a lot about the evolving ebook marketplace and, ultimately, about the entire world of book publishing.

Book retailing on the Internet, let alone an offer that is ebooks only, hardly cuts it as a stand-alone business anymore. The three companies most likely to be in the game and selling ebooks ten years from now are Amazon, Apple, and Google. The ebook business will not be material to any of them — it is only really close to material for Amazon now — which is why we can be sure they will see no need to abandon it. It is a strategic component of a larger ecosystem, not dependent on the margin or profit it itself produces. And the rest of their substantial businesses assure they’ll still be around as a company to run that ebook business.

 

Click here to read the full post on The Shatzkin Files.

 

Vellum: New Ebook Production Tool Launches

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This article by Suw Charman-Anderson originally appeared on Forbes on 12/19/13.

If you’ve ever tried to produce a nice-looking ebook that works as well on your device as it appears to on your computer, you’ll know that it’s often a nightmare. Although there are several programs that will take your text and create an ebook from it, rarely are they easy to use. This is the problem that Vellum is trying to solve, for Mac users at least.

Vellum is a very good looking piece of software, with your chapter list on the left, text window in the centre and a preview pane on the right so that you can see what your book will look like when it’s an ebook. Whilst the preview pane only provides facsimiles of the iPad, iPhone, Kindle Paperwhite and Nook Simpletouch, it is nice to be able to see what your book will look like whilst you’re working on it.

This becomes particularly useful when you open the styles list and start experimenting with the built-in options. There are eight overall book styles, and then you can also choose from a small selection of options for your headings, first paragraphs, block quotes, ornamental breaks and the paragraph after a break. It is easy to quickly select a series of options that result in a very good looking ebook, which is rather the point of the software.

In terms of ebook output, I sent the sample files over to Baldur Bjarnason, the most knowledgable ebook wrangler I know, for his opinion.

 

Click here to read the full article on Forbes.

 

Ten Things You May Not Know About Ebook Prices

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This post by Rachel Willmer originally appeared on TechCrunch on 1/15/14.

How much should you pay for an ebook? $9.99? $0.99? $0? And how much should you price your ebooks? I’m going to tell you what people have actually paid for their ebooks, based on some hard data from Luzme. You can set the price of your book to be anything you want; what really matters is what someone will pay for it!

Last year, Luzme captured a large amount of ebook price data and reader pricing preferences. I am analysing this data and will share any interesting results.

I do not claim that this is representative of the whole ebook industry, but I hope that some real data might contribute something useful to the debate.

So here is my analysis of the actual prices that people have paid at Amazon in 2013, when they bought via Luzme.

USA
For the US data, I have normalised it against the “standard price” of $10.

Here is the way the various prices worked in terms of units sold. [Click on image to view an enlarged version in a new browser tab/window]

The most popular price points are at the low-end, with a local peak around the $10 mark, and then tailing off as the price increases.

This does not surprise me. But what I did not expect, is how much people will actually pay for an ebook (well over the $10 price! How much do you think the most expensive one went for? I will tell you later…)

Now look at the revenue over the same price points.

[Publetariat Editor’s note: this is where it really starts to get interesting – please click through on the link below to see more charts and an analysis of the comparative net earnings across various ebook price points]

 

Click here to read the full post on TechCrunch.

 

The Tipping Point (E-Commerce Version)

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This post by Jeff Jordan originally appeared on his site on 1/15/14.

The news around shopping during the holiday season was dominated by two separate stories. One talked about how traffic to brick-and-mortar stores was well below expectations, and that these retailers were forced to discount tremendously to drive sales. The other talked about how an enormous late surge in packages coming from e-commerce companies overwhelmed the capacity of UPS and, to a lesser extent, FedEx, and caused many of these packages to arrive after Christmas.

But, to me, these two stories are not at all separate, they simply reflect different sides of the same narrative: We’re in the midst of a profound structural shift from physical to digital retail.

The drivers of this shift are simple:

• Online retail has strong cost advantages over its offline counterparts and is rapidly taking share in many retail categories through better pricing, selection and, increasingly, service.

• These offline players have high operational leverage and many cannot withstand declining top-line revenue growth for long.

• The resulting bankruptcies of physical retailers remove competition for online players, further boosting their share gains.

So, how has this shift been playing out? Recent data suggests that it’s happening faster than I could have imagined.

The U.S. Census Bureau publishes what I consider to be the most accurate figure on e-commerce penetration in the U.S. It reports that e-commerce penetration of total retail sales in the U.S. was around eight percent in 2012. But, as I’ve blogged previously, this aggregate figure seriously underestimates the impact of e-commerce in large sectors of the retail landscape. Let’s unpeel the onion and look at the next level of reporting from the Census Bureau, where it segments the retail landscape into six large categories of goods. It’s at this level that things start getting more interesting:

 

Click here to read the full post (which includes charts) on Jeff Jordan’s site.

 

Does Digital Publishing Mean The Death Of The Author?

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This article by Richard Lea originally appeared on The Guardian UK’s Books Blog on 1/23/14.

We used to know what it took to be a writer – you had to publish a book. But electronic publishing is piling pressure on myths of the author’s life.

What’s the difference between making money out of books and writing books that people want to buy? Turns out it’s about 40% – if, that is, you believe this year’s Digital Book World (DBW) survey.

Only 20% of the 1,600 self-published authors surveyed, and just a quarter of the almost 800 writers with a traditional book deal, judged it “extremely important” to “make money writing books”. Shift the issue to publishing “a book that people will buy” and the figures leap to 56% and 60% respectively.

But of course, you say – this is literature we’re talking about. These authors have loftier concerns than the grubby business of making money. Art is their province. If they must consort with the commercial world to find an audience, then so be it. But heaven forfend they should be interested in something so base as raking in the cash.

Except, in the digital age this kind of logic just doesn’t wash. If all you’re interested in is finding an audience for your work, then electronic distribution allows you to find it without any connection to the marketplace at all. Write your masterpiece, stick it on your website, and sound the trumpets for the victory of Pallas Athene. Or, if what you’re really looking for is the grateful adulation of your adoring fans, stick it on Scribophile or WritersCafe and get ready to feel the love. These days the only reason for worrying about publishing “a book that people will buy” is to “make money writing books”.

 

Click here to read the full article on The Guardian UK’s Books Blog.

 

The Illusions of Traditional/Self Publishing & The Reality of Hybrid Publishing

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This post by Bob Mayer originally appeared on Write It Forward on 1/23/14.

There’s a lot of heated rhetoric regarding publishing being bandied about on-line lately. Some of it was generated by the CEO of Kensington putting himself out there with some posts that had a large backlash, but overall, people seem to be digging in and drawing lines.

These lines are more blurred than most acknowledge if we examine them carefully.

It would seem to break down with traditional publishing “vs” self-publishing. I’d like to point out where this isn’t the reality and also how Cool Gus deals with these issues as a ‘hybrid’ publisher with a focus on being agile and working as a unified team.

“We treat our authors so well. You need us!” This is the message that Kensington’s CEO recently stated on-line. I also just read an interview from the CEO of Random House/Penguin saying essentially the same thing. This should be amended to: “We treat our top 5% of authors so well.” I don’t know if these CEOs are simply out of touch, being BSed or what, but the vast majority of authors are treated as interchangeable parts at trad houses and even most agencies. Because the top authors are pretty much the only authors these CEOs interact with, they make the illogical leap that all their authors are treated exactly the same way. I’ve seen many current and former Kensington authors come out on various on-line mediums describing a less than great publishing experience, yet not a single author defend the CEO’s statements. I was published by Random House and sold over one million books under the Dell imprint. During my years there I received almost no marketing support and was essentially dumped as the market coalesced. It wasn’t personal. It was business. Reminds me of Denzel Washington’s character in Man on Fire: “It’s just business.”

“We own Author Solutions.” It would appear that RHP’s CEO does not understand the pure hatred for this company among authors. You want to make money off authors? You think that equals KDP? This goes to a deep misunderstanding about authors, especially those with experience.

The Death of the Midlist.

 

Click here to read the full post on Write It Forward.

 

Print as the Future of Barnes & Noble

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This post by Jane Litte originally appeared on her Dear Author site on 1/19/14.

Barnes & Noble is a venerable brand in US consumer circles. It touts itself as the world’s largest bookseller and is composed of three segments: the main retail segment, B&N College. and Nook Media.

In 2009, B&N launched the Nook, a product aimed at the upper middle class mother with two children. Overpriced and underfeatured, the Nook tablets have faltered despite the hundreds of millions of dollars poured into the Nook segment of the business.

After poor holiday sales in 2012, it was acknowledged that BN would need to move away [from] developing hardware devices and look toward licensing its product on existing platforms. After the disappointing 2013 holiday sales, BN’s CEO was fired and the Nook Media head moved into the position leaving Nook Media without an internal leader.

Everyone in the business of publishing is holding its collective breath about the health of BN. On the plus side, the largest portion publishing revenues come from the sale of educational books (textbooks and other educational products) but that market is headed for a disruption soon. On the negative side, overall consumer dollars spent on books is contracting. One think tank believes that it will continue to contract over the next five years as consumers shift dollars from higher paid books to self published and free books.

 

Click here to read the full post on Dear Author.

 

Astroturfing: The Source of Zombie Memes in Publishing?

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This post by David Gaughran originally appeared on his Let’s Get Visible site on 1/8/14.

Why are there so many zombie memes in publishing? Why is there so much groupthink? It might be because the industry isn’t particularly diverse. Or it could be that book-lovers are nostalgic types who are automatically wary of change.

But I suspect it’s astroturfing by the publishing establishment, a practice admitted to last month by YS Chi, chairman of Elsevier and president of the International Publishers Association, in paragraph six of this article.

For the click-lazy, here’s the money quote (emphasis mine):

“We gathered all the communications people together to discuss the issues and create an action plan. We have a multi-faceted audience to address, and in the next 12 months you will see key messages delivered, compelling stories of our impact on society for culture and education. We’ll ask you to personalize that message. I’m very excited that there is a meeting of minds on this.”

Yey, talking points! I don’t know if I’m more excited about the centrally approved messaging that’s going to flood the blogosphere, or the mental image of YS Chi doing a mind-meld with everyone in publishing.

But I digress. This post attempts to dispel multiple industry myths in one fell swoop. Perhaps then we can start having meaningful conversations, instead of batting around boardroom memos.

 

Self-publishing is a bubble

Remember Ewan Morrison’s prediction in The Guardian? “Epublishing is another tech bubble, and it will burst in the next 18 months.”

 

Click here to read the full post on Let’s Get Visible.