3 Book Marketing Projects to Tackle in 2014

This post by Toni Tesori originally appeared on Duolit on 1/8/14.

This is my year.

No more excuses.

2014, I will OWN you!

Sound familiar?

The ringing in of a new year forces us to think about what we’ve achieved in the past twelve months — and how we can do things a bit better this time around.

After the fireworks die down and the champagne stops bubbling, we sit down and make those dreaded…you guessed it: New Year’s Resolutions.

The funny thing about resolutions, though? Their success could be determined by a simple coin flip!

That’s right, less than half of us will actually stick to our resolutions — and that means half of our author friends will end the year no better where they started, which makes us mega-sad. But why does this happen?

You start out with good intentions, right? January 1st brings with it plenty of motivation, but it is darn near impossible to keep up that drive for twelve months. To actually accomplish our goals, we need to add something else to our awesome motivation:

Motivation + [Focus] = WIN!

That’s right, Focus. Motivation without focus is like deciding to go on a road trip, but accidentally leaving the map and smartphone at home. You might eventually reach something really cool, like the Jimmy Carter Peanut Statue…but, without a plan, you’re likely to turn around after an hour or so when your trip starts feeling like a waste of time and gas.

Let’s be real: choosing where to focus your marketing attention is hard. Wouldn’t it be nice if someone just told you what you should do to promote your work?

Ta-da!

3 Book Marketing Projects to Tackle in 2014

 

Click here to read the full post on Duolit.

 

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

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.

 

100 Tips to Be a Smarter, Better Twitterer

This post originally appeared on the Computer Colleges site on 5/12/09.

1. Set up your profile: Give people a glimpse beyond what your tweets reveal.

2. Include a picture: Make sure you add a photo of yourself so that your tweets will be more personal.

3. Create a simple and short Twitter name: The longer your Twitter ID, the more space it takes up, and having a complicated name can make it hard for people to respond to or mention you.

4. Just do it: Don’t just lurk-jump into the conversation.

5. Make your profile link something that tells more about you: Share your blog, an about me page, or any other page that offers more information about the person behind the tweets.

6. Share photos: Post your photos on Twitter to shake things up a bit and add some interest to your stream.

7. Use proper grammar: Occasional abbreviations are passable, but make sure that your tweets are readable.

8. Use your real name: Build your personal brand by choosing your real name as your Twitter ID.

9. List your location: Many people use Twitter for local networking, so they’ll be more likely to follow you if they know where you are.

10. Learn the lingo: If you don’t know what DM, @, RT, and other Twitter symbols and words are, look them up or ask.

 

Click here to read the full post, which includes 90 more Twitter tips, on the Computer Colleges site.

 

Ten Things You May Not Know About Ebook Prices

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)

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?

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

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.

 

How to Curate Your Facebook News Feed

This post by Kurt Wagner originally appeared on Mashable on 1/19/14. The post explains recent changes to the Facebook news feed design, and what users can do to control the content shown there.

Baby photos. News articles. Selfies. Advertisements. Job announcements.

It’s likely your Facebook News Feed contains some combination of these, if not all of them (and likely other categories, too). That’s both the beauty and the curse of News Feed: It provides updates from all aspects of your life in one place, including those you may not care to see.

In March, Facebook announced a News feed redesign. Mark Zuckerberg told press, “What we are trying to give everyone is a copy of the best personalized newspaper in the world.” The redesign has since stumbled, but the goal of turning Facebook into a “personalized newspaper” remains strong. And Facebook could use your help.

Mashable sat down with Greg Marra, Facebook’s product manager for News Feed, to discuss how users can best curate the content that they see in News Feed. The easiest way to change what you see? Engage with content, says Marra.

“The basic interactions of News Feed are some of the most important signals that we get,” he explains. “Unfortunately, those interactions aren’t able to capture everything that we want to know, so we also give people additional controls to tell us things we can’t figure out just from normal usage of News Feed.”

Here’s what we learned.

 

If You Want to Stop Seeing Posts From a Facebook Friend…

If you’re cold-blooded, eliminating News Feed posts from an annoying friend or ex-flame is simple: Unfriend them. But many people don’t have the heart to completely eliminate someone from their Facebook life.

 

Click here to read the full article on Mashable.

 

How Social Media Influences Purchasing Decisions

There’s a terrific infographic over at Alltop / Holy Kaw! that breaks down some very interesting statistics about how social media can influence purchasing decisions. This kind of information can be very useful for authors and publishers who use social media for promotion. Here are just a few of the facts included in the infographic:

71% of consumers are more likely to make a purchase based on social media referrals.

38% of Facebook users purchase an item after sharing or Liking it on Facebook.

50% of purchases inspired by social media exposure take place within one week, 80% take place within three weeks.

 

Click here to view the infographic on Alltop / Holy Kaw!

 

Amazon Cracks Down on Bogus Keywords

This post by Mercy Pilkington originally appeared on Good E Reader on 11/27/13.

A growing number of self-published authors are receiving ominous emails from ebook distributor Amazon, warning them that their books are about to be removed from the website if action isn’t taken immediately. The warning–which some authors claim they did not actually receive before their titles were removed from sale–pertains to authors who’ve used titles of other books in the keyword searches for their titles.

Authors who have attempted to garner more searchability for their books have resorted to including titles like “Fifty Shades of Grey” or “Gone Girl” in the keywords for their books, hoping that potential readers stumble across their book listings. This practice is also in place by the traditional publishing industry, and apparently the ruling applies to those titles as well. Warnings to traditionally published authors have even been posted on message boards, encouraging them to contact their publishers as these authors do not upload their own titles or establish their keywords.

 

Click here to read the full article on Good E Reader.

 

Barnes & Noble's Nook Nightmare Stars Amazon and the DOJ

This article by Brad Stone originally appeared on Bloomberg Businessweek on 1/9/14. It’s a worthy read for authors or publishers releasing books for the Nook platform.

Let’s boil down Barnes & Noble’s (BKS) Nook nightmare into a handy juxtaposition concerning the price of the digital version of Donna Tartt’s gripping new novel, The Goldfinch.

Amazon’s (AMZN) Kindle price: $7.50.

Barnes & Noble’s Nook price: $14.99.

There are plenty of reasons for the stunning decline of the once-promising Nook. Barnes & Noble has found itself unable to compete with the likes of Apple (AAPL) and Amazon in the broader arena of multipurposed tablets. The New York-based retailer has also been undermined by the continuing migration of its customers from physical stores to online book-buying and by the desire of its risk-averse institutional shareholders to support deep, profit-draining, long-term investments in new frontiers.

Even that doesn’t completely account for the dramatic upending of its Nook business. Barnes & Noble today reported gruesome numbers—a 60 percent drop in its digital division, to $125 million, from its sales in last year’s holiday period. (Sales in its physical stores fell 6.6 percent from the previous year.)

 

Click here to read the full article on Bloomberg Businessweek.

 

Is Your Amazon 'Look Inside' Preview All In Italics?

This post by Kimberly Hitchens originally appeared on Booknook.biz on 1/18/14.

On a recent Saturday afternoon, I received a panicked email from a long-time editing acquaintance of mine. Her award-winning book needed some updates, so, being über-competent in making her own ebooks, she made the changes and uploaded the book. She checked back a few hours later, and it was one of those, “good news, bad news” moments. The good news? The LITB (Look Inside The Book) had updated, almost immediately. The bad news?

Holy Typography, Batman! Her entire Look Inside The Book was in italics.

What happened? She asked me if I could very quickly fix the book, because she had recently received a prestigious award, and sales were brisk. She had had such a shock about the “all italics” that she’d taken the book off sale.

Now, I would love to say that I’m a genius, but the truth was the same thing had recently happened to another client of mine, who had not updated her book, a mobi file that she got from us. So: what the heck had happened?

Both author-publishers had created their own nightmares, through sheer inadvertence. Both had read recent blog posts or “how-to” information on how to use HTML in their book descriptions in order to draw more attention to their books. They used header tags, bold, italic; all the things that any diligent publisher would do. But they had made one mistake.

 

Click here to read the full post on Booknook.biz.

 

How Writers Can Stay Productive Even During Sick Days

This post by Jennifer Mattern originally appeared on the All Indie Writers site on 1/13/14.

So far this year, I’ve had one normal work day. One. Just a day after returning to work from my holiday break, I needed a sick day. That turned into a “sick week.” And it’s now going on week two.

Surprisingly though, those sick days have still been productive days. I launched several new features here on this site. I published several blog posts on various sites I own. I installed and customized a new theme on my business site. And I completed plenty of other smaller projects in a fairly long to-do list.

The key? I stayed away from business emails, and I was officially off in terms of working with clients.

Why was this key? It meant my schedule in no way revolved around anyone else. If I wanted to work for ten minutes, I could. If I wanted to work on something for hours and I felt up to it, I did. And if I wanted to say “to Hell with it” and climb back in bed for the day, I could do that too. It also meant I wasn’t putting out client work when I was far from 100%. That wouldn’t have been good for anyone involved.

By all means, if you feel too sick to do anything, take off completely. Your health should be your top priority. But if you have even a little bit of energy, there are many things you can do to make sure you stay productive, or at least don’t fall too far behind, when you take sick time as a writer.

Here are some specific ideas for work you can do, even when you’re not feeling well.

 

Catch up on some reading.

Read blogs. Read books. Read magazines you plan to query. As a writer, you can never read too much. And this is something you can do even if you’re confined to bed while you recover.

 

Click here to read the full post on All Indie Writers.

 

The Self-Publishing Debate: A Social Scientist Separates Fact from Fiction

This post, by Dana Beth Weinberg, originally appeared on Digital Book World on 12/4/13.

Is self-publishing an amateurish endeavor, a means of sharing stories, a strategic move in a writing career, or an entrepreneurial activity? To gain insight into this question, I have been analyzing the responses from the nearly 5,000 authors who responded to the 2013 Digital Book World and Writer’s Digest Author Survey in relation to whether an author is aspiring (not yet published), self-published only, traditionally published only, or hybrid (both self-published and traditionally published). In Part 1, I compared the top priorities of these 4 types of authors, and in Part 2, I examined the differences in their stock of published [and] unpublished manuscripts. Now I turn my attention to the differences in their income from their writing.

Not surprisingly, most aspiring authors in the sample reported no annual income from their writing. About 19% of self-published authors in the sample also reported no annual income from their writing, compared to 6% of traditionally published authors and only 3% of hybrid authors. While most of the survey respondents clustered at the lower end of the income distribution, some authors did report earning $200,000 or more from their writing, the highest income choice on the survey: less than one percent (0.6%) of self-published authors, 4.5% of traditionally published authors, and 6.7% of hybrid authors who reported on their income. (In the chart, I have collapsed the top categories to $100,000 or more for better visibility. These aggregated category represents 1.8% of self-published authors, 8.8% of traditionally published authors, and 13.2% of hybrid authors.)

 

Click here to read the full post on Digital Book World.