Can you feel it? I can. Always will. Haunts me.
Publerati is pleased to announce now through December 31, 2013 we will donate 100% of our publisher’s share of all Publerati ebook sales to the Worldreader Organization, who also has a matching program in place now through year-end.
Sometimes living in Maine has unexpected advantages beyond lobster, seaside air, and friendly people, as I discovered yesterday when learning one of the newest beta sites for the Espresso Print-on-Demand system was being unveiled at a South Portland Books-a-Million store. Publerati is located in nearby Portland.
Publerati is pleased to announce all our fiction titles are now available on Overdrive for libraries and other retailers participating in the Overdrive kiosk ebook program.
We would like to thank the many book bloggers who are passionate about excellent fiction for their coverage of this extraordinary novel. Here are links to recent reviews:
As someone who has now attended three decades of conferences in the book, photo, and consumer electronics industries, I have noticed one constant across them all: denial of the speed and depth of the coming changes.
This conference had many feel-good moments of “print is not dead” and “print will always be here” and one excellent speaker used an analogy I had not heard before: “Just look down at your shirt buttons, which have been around since the earliest times. The same will be true for the printed book.”
I dutifully looked down at my shirt and did indeed notice many buttons (all buttoned thank goodness!) but then continued downwards to my pants where I encountered a zipper and metal clasp. Hmm…I thought…plus geez I hope no one is looking at that strange balding dude up front.
The point of these changes is not about “going away forever” but how the companies making the buttons of their time adapt to weird things like Velcro, metal clasps, and zippers, which reduce the number of buttons they sell.
So I did a little button research and came upon this fascinating excerpt about the dawn of the zipper:
“In 1913, Sundback revised and introduced a new model, which had interlocking oval scoops (instead of the previously used hooks) that could be joined together tightly by a slider in one movement or swoop. This final model is recognized as the modern zipper, which took many months to find success in the industrial market. Retailers, who were prone to sticking with traditional materials and design methods, were slow to purchase the product.” (Source: Wikipedia, whatever that is!)
And then I started thinking about the great wooden boat builders here in my state of Maine and how they “totally missed the boat” when the rest of the world moved on into the age of metal. And indeed you can find some of the best wooden boat builders in the world still operating in Maine, but most ship builders who did not move forward are gone.
A direct mail guru once told me the reason people open sealed envelopes at a higher rate than wafer-sealed self-mailers is because this sacrosanct item dates back to the time of Charlemagne and is therefore deeply encoded in our DNA in signifying something important is inside. (He also had some important “ins” with a 6 x9 envelope vendor needing to dump excess inventory. Would I like to purchase 1.5 million today?)
The only thing that comes sealed in my mail is a treasured invitation to go see the newest Volvo S60. The important messages I receive are happening in email, text messaging, or on Facebook. And my missing a wedding invitation could be the best thing to happen to that lucky couple getting married.
The old photo industry denials were truly tough to fathom. “People love their prints, they will never give them up!” “You cannot match the quality of a printed photo with digital!” “Yes, things are shifting but we will be fine for the next 10-15 years and then I can retire.” (As in screw the younger people.) Well 15 years later the number of prints produced has dropped to a whole new scale and stalwarts like Kodak, Sony, and Polaroid are forever changed. And the number of photos being captured and shared has never been higher.
And what about those old paper mapping atlas denials? “People will always want a printed atlas,” the Rand McNally man is so certain, it guarantees he must be wrong. Funny but a woman sitting next to me at the Book Conference commented that her teenage son could not figure out how to use a paper atlas recently, where you have to go from page 14 to page 37 to connect to the north but page 17 to connect to the east and so on. Plus you cannot even see where you are on the page. “Jeez, Mom, I can figure that all out in a few seconds using my phone.” (Guess who never figured out how to penetrate the GPS market…yup, Rand McNally.)
Older people will lament the loss of map-reading skills and a few teenagers will probably die in the woods unnecessarily. But how many more will show up on time for their college interview? Will get into North Dakota State because they actually showed up in the correct town?
I think Sony had it right even though they have lost so much over the years. “Disrupt yourself before someone unexpected does it to you.” Many of the changes come with comforting but deceptive downward plateaus, where you get to catch your breath. But you are still in a stepping-down trend that becomes more and more problematic as key volume thresholds are passed. Retailers need to sell “x” amount. When it falls to the “g” amount, they need to ask you to leave the shelves. And depending on how smart they are in staying current (Staples does an excellent job with this) the stores themselves close. CompUSA, Borders, and Circuit City were not so smart apparently.
The hardest part is managing the profitability slides from print to digital with all those fixed overheads (e.g., human beings with kids to feed), but this control is not actually in the manufacturer’s hands. New competition comes along and baits you into eroding what you have. You follow you lose. You don’t you lose. But change was going to erode and alter everything anyway so why not figure it out yourself while you still can? Continuous innovation. Kodak did not. Palm did not. The list is very long.
And I imagine many button manufacturers who continued to supply the risk-averse retailers who confidently dictated what products they should make (do NOT go there) failed to survive as clasps and zippers and Velcro reduced their volumes. I will zip it now. Or button it?
With permission of the American Association of Publishers and the Book Industry Study Group 2012 data, I recently took a look at how the ebook and print book revenue and unit splits came in for 2012, just for the trade adult fiction category.
It is important to note the following when looking at this data:
1) This study measures the traditional publishing industry, not self-publishing titles. If those titles were factored in, the balance between ebooks and print would skew further toward ebooks.
2) In 2012, net book sales across all categories fell slightly over the previous year, the third straight year of declines, but with more stability. Much of that decline was within the education, scholarly, and nonfiction book categories.
3) The excellent news is that two categories grew: adult trade fiction and young adult trade fiction. Some or quite a lot of this could be due to blockbusters in each category that will be difficult to replicate in 2013: 50 Shades of Grey and The Hunger Games. Trade publishing now represents 55% of the total book market, up from less than 50% a few years ago, which speaks in part to the emergence of ebooks but also the decline of the total pie as the other sectors shrink. It’s probably a good news/bad news pie chart.
This is what I see in the 2012 Trade Adult Fiction category data:
2012 Trade Book Adult Fiction Total Dollars: $4.8b
Print books (all formats): $2.9b (62%)
Ebooks: $1.8b (38%)
When looking at the unit split, it was 40% ebooks and 60% print.
What this data cannot answer is how many people would have paid the higher paperback or hardcover price for a book if it was not available in ebook? (As in let’s pretend ebooks don’t exist.) Conversely, how many more people read the book and talked about it because they downloaded the ebook “before they forgot to buy the print book.” How many new readers were created by ebooks for that title? In the case of 50 Shades, the book might very well have never existed had it not been self-published first as an ebook and the entire 2012 industry results and Random House would have suffered as a result.
I think common sense says there is a tradeoff at play here. But is readership of adult fiction and young adult fiction going up because of ebooks? Are more people reading books they would not have otherwise read? That answer must be yes.
If someone knows what adding the self-publishing units and dollars into this mix looks like I would be very interested in knowing. For instance, of all the books sold in 2012, how many came from the publishers covered in the AAP/BISG report and how many came from self-publishing programs? (NPD retail data, for instance, typically says: this data represents 91% of all cash register rings made via our measured retailers.) I realize this data for fiction alone is probably not available.
— Caleb Mason
Anyone who has worked in marketing knows how to use digital communications to test and improve the quality of the work before going into print. The best brands test first in digital format because they can improve internal knowledge at little expense before carving their marketing into stone and investing those subsequent expensive ad dollars. True for product packaging, advertising campaigns, and just about anything going out the door.