Showing posts with label Mark Coker. Show all posts
Showing posts with label Mark Coker. Show all posts

Monday, July 7

Mark Coker's Tips On How To Sell More Books

Mark Coker's Tips On How To Sell More Books



Let's talk about book marketing. 

I prefer to concentrate on writing so I tend to shy away from marketing. That said, writers need to make a living wage if they are to keep writing, so marketing--learning how best to present our work to readers--is important.

Each year Smashwords founder, Mark Coker, shares the most significant factors in a book's sale on Smashwords[1]. Here is his analysis for this year: 2014 Smashwords Survey Reveals New Opportunties for Indie Authors

Even small changes can have big effects.


It will come as no surprise that, as Coker writes, "A few titles sell fabulously well and most sell poorly." But what Coker takes from this is worth thinking about: "An incremental increase in sales rank is usually matched by an exponential increase is sales."

The takeaway: Do those things that "give you an incremental advantage so you can climb in sales rank."

What follows are a few ways in which you can give your book an incremental advantage.

1. Longer ebooks sell better.


In the 2014 survey, as in earlier surveys, it was clear that longer books sell better. 

When I read this I wondered: How long is longer? 70,000 words? 80,000? 100,000? But Coker doesn't put a wordcount on this. All he says (see below) is that a book that has fewer than 50,000 words, all things being equal, would be at a disadvantage.

2. Price points: books priced at $2.99 and $3.99 sell best.


Mark Coker writes:

"The highest earning indie authors are utilizing lower average prices than the authors who earn less, but this doesn't mean that ultra-low prices such as $.99 are the path to riches.  $2.99 and $3.99 are the sweet spots for most of the bestsellers."

"FREE still works great, but it's losing some mojo [...]."

3. If you offer your book as a pre-order, it will sell more copies.


Mark Coker writes: 

"I think preorders today are where free was five years ago.  The first authors to effectively utilize preorders will gain the most advantage, just as the first authors to enter new distribution channels gain the most advantage.  Five years from now once all indies recognize that preorders are a no-brainer essential best practice, the effectiveness of preorders will decline."

4. Books in a series sell better than standalone books.


Not only do books in a series outsell standalone books but the best performing series have longer books.

5. Books under 50,000 words sell fewer copies.


Mark Coker writes:

"Also interesting, we found series books under 50,000 words are especially disadvantaged.  This is not to say that you can't become a bestseller writing shorter novellas.  Multiple Smashwords authors have had success here.  But what the data does tell me is that successful novella writers might achieve even greater success if they write full-length.  The data appears to suggest that series books under 50,000 words might create friction that makes readers incrementally less willing to buy."

6. Offer the first book of a series free of charge.


Mark Coker writes: "We found strong evidence that series that have free series starters earn more money for authors than series that do not have free series starters." 

To sum up:


- Longer ebooks sell better.
- Books priced at $2.99 and $3.99 sell best.
- Books offered as a pre-order sell more copies.
- Books in a series sell more copies.
- Short books (books with fewer than 50,000 words) sell fewer copies.
- Series sell better if the first book is offered free of charge.

Question: What works for you? If you have a marketing tip to share, please leave a comment.

Notes:

1. Mark Coker's survey is based on "over $25 million in customer purchases aggregated across Smashwords retailers including Apple iBooks, Barnes & Noble, the Smashwords.com store, Sony (now closed), Diesel (closed), Oyster, Scribd, Kobo, public libraries and others." In other words, it is based on books offered on the Smashwords platform as well as on platforms owned by Smashwords' publishing partners. As a result, this data may not apply to those who sell on other platforms. That said, I have heard many of these points echoed by people who sell primarily on Amazon.
Photo credit: "June 2014" by *Light Painting* by Creative Commons Attribution 2.0.

Thursday, May 23

Mark Coker, Founder of Smashwords, Shares Survey Results: 5 Ways To Sell More eBooks

Mark Coker, Founder of Smashwords, Shares Survey Results: 5 Ways To Sell More Books

I predict that within three years, over 50% of the New York Times bestselling ebooks will be self-published ebooks. It's possible I'm being too conservative.
-- Mark Coker, Founder of Smashwords
I've been meaning to discuss Mark Coker's analysis of the results from his latest eBook survey but other projects kept intruding.  Finally, I just dove in and did it.

What follows is my condensed version of Mark Coker's post, New Smashwords Survey Helps Authors Sell More eBooks.


5 Ways To Sell More eBooks


1. Longer eBooks Sell Better


I was surprised by this, but successful indie author Russell Blake would agree: novels sell better than novellas. MC writes:
The top 100 bestselling Smashwords books averaged 115,000 words.  When we examined the word counts of books in other sales rank bands, we found the lower the word count, the lower the sales.

2. Shorter book titles have a slight sales advantage


I chuckled when I read this because it's one of the points I included in my blog post about how to choose the perfect title. I have a bias toward books with shorter titles, but this could just be because shorter titles are easier to remember. Mark Coker writes:
The top 100 bestselling Smashwords books averaged 4.2 words in their book title.

For titles ranked #1,000-#2,000, the average word count was 5.7, or about 36% more words than the top 100.

Books ranked #100,000-#101,000 (not a sales rank any author wants!), the book title word count was 6.0 words.

3. Lower priced books sell more copies


That's not at all surprising. Mark Coker writes:
[B]ooks priced between $1.00 and $1.99 significantly underperform books priced at $2.99 and $3.99. 
It was surprising that books priced at $1.99 sell the most poorly. Mark Coker's advice: Whatever price you put on your book, don't sell it for $1.99.

Free books, of course, are downloaded most often. Basically for every 92 free books downloaded one is sold. Mark Coker writes:
FREE books, on average, earned 92 times more downloads than books at any price. If you've written several books, consider pricing at least one of the books at free. If you write series, consider pricing the series starter at FREE. Nothing attracts reader interest like FREE. But remember, it's one thing to get the reader to download your book. It's an entirely different challenge to get them to read it, finish it and love it.

4. $3.99 is the new sweet spot


Significantly more books were sold at $3.99 than for any other price. Mark Coker writes:
One surprising finding is that, on average, $3.99 books sold more units than $2.99 books, and more units than any other price except FREE.  I didn't expect this.  Although the general pattern holds that lower priced books tend to sell more units than higher priced books, $3.99 was the rule-breaker.  According to our Yield Graph, $3.99 earned authors total income that was 55% above the average compared to all price points.

The finding runs counter to the meme that ebook prices will only drop lower.  I think it offers encouraging news for authors and publishers alike. It also tells me that some authors who are pricing between $.99 and $2.99 might actually be underpricing. [Emphasis mine]

5. Go indie!


Mark Coker writes:
An indie ebook author earns about $2.00 from the sale of a $2.99 book. That book, on average, will sell four times as many units as a book priced over $10.00. In order for a traditionally published author to earn $2.00 on an ebook sale, the book must be priced at $11.42 (if the publisher has agency terms, as Smashwords does) or $16.00 (if it's a wholesale publisher).
. . . .
If a reader has the choice to purchase one of two books of equal quality, and one is priced at $2.99 and the other is priced at $12.99, which will they choose?
. . . .
I predict that within three years, over 50% of the New York Times bestselling ebooks will be self-published ebooks. It's possible I'm being too conservative.

Indie ebook authors can publish faster and less expensively, publish globally, enjoy greater creative freedom, earn higher royalties, and have greater flexibility and control. It's not as difficult to successfully self-publish as some people think. The bestselling traditionally published authors already know how to write a super-awesome book. That's the most difficult task of publishing because the best books market themselves on reader word-of-mouth.
I didn't talk about everything Mark Coker wrote, his article is well worth reading.

The upshot: This is a great time to be an indie author!

Photo credit: "hamburger hafengeburtstag (fisheye) wasserschutzpolizei" by fRedi under Creative Commmons Attribution-NoDerivs 2.0.

Wednesday, March 27

Mark Coker, Founder Of Smashwords: Six Ways To Increase Book Sales

Mark Coker, Founder Of Smashwords: Six Ways To Increase Book Sales
Mark Coker, founder of Smashwords.com, in his recent article, Six Tips to Bring Your Book Back from the Doldrums, shared 6 ways to increase book sales.

If you feel your book is under-preforming, Mark's article is a must read. What follows is a summary.


1. Does your book evoke passion in your readers?


One way you can tell if your book evokes passion is through its reviews.

For instance, are the reviews mediocre? If the book receives mostly 5 star reviews that's fabulous! People love your book and they're passionate about it. Also, if you get mostly one star reviews, at least your work has evoked passion in readers--perhaps not the kind you'd like, but still!

Three star reviews can be the worst. Readers didn't feel strongly either way.

That said, beware of clumping the reviews together and focusing on the average score. Look at the distribution. If your reviews are split between 5's and 1's then chances are you've written a great, controversial, book. There's a lot of passion there, don't change a thing!

Mark writes:
You need to WOW your reader.  It doesn’t matter if you write romance, mystery or non-fiction, if your book doesn’t move the reader to an emotional extreme, your job isn’t done.  
Bottom line: If folks aren't passionate about your book think about doing a major rewrite. Or, perhaps, take what you've learned, and write a new book.

No reviews


If your book has no reviews Mark suggests offering the book for free. Perhaps not permanently, just to get folks reading what you've written and hopefully get some reviews.

Why are reviews important? There's no way around it: reviews help sell books. Mark writes:
For the first two years (2008-2009), Boob Tube sold maybe 20 copies.  It had only one or two reviews.  My wife and I decided to set the price to free for six months.  We got 40,000 downloads, a lot of reviews, and even our first fan mail (yay!).  Then we set the price to $2.99 and it started selling.  Without reviews at the retailers, Goodreads, LibraryThing and elsewhere, few readers will take a chance on you.  FREE helps readers take that chance.

2. Does your cover image give the correct impression of your book?


If your reviews are 4 stars or over, congratulations, people feel passionate about your book and they like it. If it isn't selling well think about redoing the cover.

Here's Mark Coker's test for whether you need a new cover image:


1. Take all text off the title so it's just the artwork.
2. Ask yourself:

Does this image/artwork tell the reader: This is the book you're looking for to experience X?

If your book is a romance book then X="the feeling of first love."
If your book is horror then X="horror."
If your book is a thriller then X="edge of your seat suspense."
If your book is non-fiction or how-to then X="knowledge."
If your book is a memoir then X="an inspiring story of personal journey."

I think that's a great test!

Here's another one:

A test to see if your book cover is professional enough


Compare your book cover to "the top-10 sellers in your category or genre."

Does your cover look as good as these? You want your cover to look just as good, preferably better.


3. Is your book priced too high?


The more you charge the less likely it is that a reader is going to take a chance on it, especially if you're an unknown author. Mark writes:
For readers who could afford it, the high price can make the book less desirable when there are alternative books of equal quality at less cost.  Last year, when we conducted a comprehensive study of the impact of price on unit downloads and gross sales .... We found books priced at $2.99 earned slightly more than books priced over $10.00, yet enjoyed six times as many unit sales.
Another advantage of pricing your book a bit lower is that "if the reader feels they received a great read for the price, they may be more likely to give you a positive review, and positive reviews will lead to more readers."


4. Look at how many sample downloads led to sales.

The Smashwords store has a little-known feature I think is entirely unique in the ebook retailing world:  We tell you how many partial samples were downloaded.  If you click to your Dashboard, you’ll see a column for book sales and a column for downloads.  The download count is a crude metric, but if you understand how it works, you’ll be able to use it as a relatively good tool.  This data is only for sales and downloads in the Smashwords store.

The download data includes both sample downloads and full book downloads for purchased books.  If a customer or sampler downloads in multiple formats (such as epub and mobi), or downloads multiple times, each time will tick the download count higher.  To make the data cleaner, subtract your paid sales from the download count.  Divide your sales at Smashwords.com by the number of downloads.  This will tell you, roughly, what percentage of downloaders actually purchase your book.

When I do the numbers on my priced book, The 10-Minute PR Checklist, I find that approximately 13% of sample downloads lead to sale.  That’s pretty good.
 The higher the percentage the better.  50% would be fabulous.


5. Are you targeting the right audience?


No one can make everyone happy. Don't even try. If you give your paranormal romance to a person who only reads sci-fi then chances are they'll hate it, no matter how great of a paranormal romance it is.

When you know who your target audience is make sure your "title, book cover, book description, categorization and marketing are all aligned to target that audience with fine-tuned precision.  If you send the wrong messages, you’ll fail to attract the right readers.  Instead, you’ll attract the wrong reader, and the wrong reader will give you poor reviews."

In short, "Avoid the temptation to target a broader-than-necessary market."


6. Grow a thick skin and never give up!


As Mark Coker writes, it takes bravery to publish. Chances are your book will get brutalized at least once and the reader who did it may not stop at your book, they may start in on you!

We can't improve as writers if we don't know our weaknesses. Learn from the reaction your story gets and do whatever it takes to make it better. As Mark Coker writes:
If you want to be a successful writer, you have to be willing to listen to the judgment of readers.  Your readers, through their word of mouth, will determine how many other readers you reach.
Mark Coker's article Six Tips to Bring Your Book Back from the Doldrums is filled with practical, easy to follow, advice. I highly recommend it to anyone wanting to increase the sales of a book.

Other articles you might like:

- Embrace Rejection: Write More, Write Better, Share Often
- 8 Ways To Channel The Power Of Your Unconscious Into Your Writing
- 4 Ways To Enchant Others

Photo credit: "The art of silence..." by VinothChandar under Creative Commons Attribution 2.0.

Friday, November 30

Amazon Sweetens the KDP Select Pot For The Holiday Shopping Season

Amazon Sweetens the KDP Select Pot For The Holiday Shopping Season

If you were thinking of trying out Amazon KDP Select, now's the time.

Today Amazon sweetened the KDP Select pot, adding a total of 1.5 million dollars to be paid out to authors over the next three months. A total of 700,000 dollars of that money will be dispensed in the month of December effectively doubling the amount of money an author can make during the peak buying month.

Here's the relevant section from Amazon's press release:
[A]uthors can earn a share of both the regular monthly fund and the bonus every time their book is borrowed from the Kindle Owners’ Lending Library on Amazon.com, Amazon.co.uk, Amazon.de and Amazon.fr (Kindle Direct Publishing Adds $1.5 Million Holiday Bonus for KDP Select Authors)
How much money can an independent author make if they enroll their book in Amazon's KDP Select program? There are no concrete answers, but more than ever before.

- Over the past year Amazon has paid out 7 million dollars to writers who have enrolled their books in the KDP Select program. That's a little less than $600,000 a month.

- Over the month of December Amazon will add a bonus $700,000 into the pot IN ADDITION to the regular $700,000 that goes to KDP Select authors. But that's only for December. The remainder of the 1.5 million will be paid out to authors over January and February of next year.

The upshot: Over the Christmas season, the season you're likely to sell and lend the most, you'll get twice the payoff. But you'll have to put all your eggs in the Amazon KDP Select basket.


Is The Sweetened Pot Worth The Price Of Exclusivity?


First let's give Amazon their say. What are the pros?

1. A massive amount of ereaders = record numbers of sales and borrows


Amazon has obliterated all its previous records for Kindle sales over the last few months. I'd love to have hard numbers regarding exactly how many Kindles there are in the world versus iPads and Nooks, but what really matters is who buys and reads the most ebooks.

According to Bowker "Amazon dominates the world ebook market" and in May of 2012 Digital Book World announced that the Kindle was by far the reading devise most frequently used to read an ebook.

Even more interesting is Bowker's observation that "35% of ebook buyers are power buyers, and they buy 60% of ebooks & spend 48% of the market". I wonder whether power buyers are equally distributed between the platforms, or whether Amazon has more of them. I remember Jeff Bezos said that, on average, after a person buys a Kindle they read 4 times as many ebooks than they did previously. (See: Jeff Bezos: Amazon Makes No Money On Sales Of Kindle Ereaders Or Tablets)

2. Double the money


Depending on the number of books you have for sale and how new those books are, you'll stand to make more than double what you made in KDP Select last year, all things being equal.

But things are never equal. First of all, there will be MANY more Kindles in peoples' hands this year than there were last year and more people enrolled in Amazon Prime (it's only Amazon Prime folks who can borrow books from Amazon's lending library).

3. Access to Amazon's best seller lists around the world


Amazon mentions that 500 Select books have placed in their top 100 lists worldwide. Getting your book in the top 100 is terrific for sales, not only of your current book but for all your other books as well. (See: Amazon Ranks Authors In Terms Of Their Book Sales).

Unfortunately Amazon hasn't mentioned how many KDP titles (versus Amazon KDP Select) made it into the bestseller lists, nor do they mention how many books are enrolled in Amazon Select, so it's difficult to know what to make of that figure.


Mark Coker: Think Twice Before Accepting Amazon's Sweetened Deal


Should authors enroll their books in Amazon's KDP Select program? Mark Coker, founder of Smashwords, says NO, hell no! (See: Amazon The Grinch ...)

Mark Coker writes:
I contended, and still contend, that exclusivity is a devil's bargain. When authors go exclusive with any retailer, they increase their dependence upon that single retailer, limit long-term platform building at other retailers, disappoint fans who shop at other stores, and hobble the development of a thriving and competitive ebook retailing ecosystem.
As you can imagine, Mark Coker isn't happy about Amazon's move to monopolize independent book sales over the holiday season.
Let's address each of these points. Mark Coker contends that if an author enrolls their books in Amazon's KDP Select program they:

A. Increase their dependence upon that single retailer


Yes. Absolutely. At least, authors would increase their dependence on Amazon if they kept all their books in the Select program. But what about those authors who employ a mixed strategy? For instance, those authors who only enroll their books in Amazon's Select program when they're first released and then, after the 3 month term has elapsed, remove them from the program and distribute them as widely as possible.

Wouldn't authors employing a mixed strategy enjoy the best of both worlds? Your book would get an initial bump in readership because of the perks Select offers (free days and inclusion in Amazon's library) and then, after its term in the program ended, you could pull your book out and distribute it as widely as you wanted.

B. Disappoint fans who shop at different stores


Certainly if a fan doesn't have access to the Amazon store they would not be able to buy your Amazon Select books, but I haven't seen any data on how many folks are cut off from accessing Amazon's store versus other stores. In North America most people have access to all the estores but I have no data on how it is for the rest of the world.

If (for instance) Smashwords is much more accessible in certain parts of the world, parts of the world where your fans live, then this is a strong objection. If, on the other hand, Amazon can be assessed from all the places Smashwords can, the objection loses some 'oomph'.

True, some folks don't want to buy a book from Amazon, and if your book is in Select there's no other way to get it.

Perhaps knowing your fan base could help you decide. You could put a poll up on your website or send email out to your mailing list. Ask your fans how they would feel if you enrolled your books in Amazon Select.

C. Hobble the development of a thriving and competitive ebook retailing ecosystem.


For me, this objection is the least convincing.

First, would enrolling your book in Amazon's KDP Select program "hobble the development of a thriving and competitive ebook retailing system"? I'm not convinced and here's why. It's difficult for foreigners to get their books into Barnes & Noble, you can't do it directly. The only way is to enroll them in Smashwords and then Smashwords distributes them to Barnes & Noble.

I haven't heard anyone raise a fuss about this. Is Barnes & Noble hobbling the development of a thriving and competitive ebook retailing system?

I think that whether Amazon KDP Select will hobble the ebook retailing system is yet to be determined.

Second, even if publishing exclusively through Amazon DID harm the ebook retailing system it seems as though Mark Coker is asking folks to pass up probable gains in favor of not causing an unspecified harm to something nebulous (what exactly IS the 'ebook retailing system'?) at some point in the future.

Third, Smashwords stands to lose from what Amazon is doing, it stands to lose BIG. Coker isn't arguing as an uninterested party, he has stakes in this game, big states, and he's asking authors to continue to support Smashwords because ... well, because we want the ebook retailing ecosystem to thrive.

I think most indie authors are interested in where they'll make the most money over the month of December. After all, if you're like me, you have rent to pay, groceries to buy, not to mention the extra expenses of the Christmas season.

Against this someone might reply that those are short term reasons and I should be thinking long term but the fact is that we really don't have any statistics which will tell us what the long term is going to be.

Okay, that's my 2 cents! I've been writing impassioned blog posts lately, I wonder if something is in the air.

What do you think? Are you going to put any of your books into Amazon's KDP Select program?

By the way, just before I hit "publish" I noticed that Passive Guy had weighed in on Mark Coker's post. He wrote:
Mark Coker makes a lot of his Silicon Valley background. PG has been involved with many tech companies large and small. The good ones never complained about their competition. Instead they focused on building better products and services than their competition offered.

Other articles you might like:

- Does Amazon KDP Select Drive Away True Fans?
- Amazon's KDP Select: The Best Long-Term Strategy?
- Crowdfunding: Cutting Out The Middleman

Photo credit: "Bengal Tiger / Tigre de Bengala (Panthera Tigris)" by Esparta under Creative Commons Attribution 2.0.

Thursday, August 9

Smashwords Puts Books In Libraries!

Smashwords puts books in libraries

Library Direct, a service that allows libraries to acquire and loan out books available from Smashwords, has the ability to put your book in front of new readers.
We have already received purchase commitments from three library systems, each of which will acquire some variation of our top 10,000 best-selling titles.  The purchase commitments approach $100,000 in total.

The first delivery is on schedule to occur next week to Douglas County Libraries in Colorado, which will purchase an opening collection drawn from the top 10,000 best-selling titles at Smashwords.  Douglas Country, under the leadership of director Jamie LaRue, has been an outspoken proponent of what is becoming known as the "Douglas County Model."  The Douglas Country Model aims to replicate for ebooks the process by which libraries have traditionally acquired print books.  The library acquires the book once, owns the book, and manages the checkout systems where they limit the checkout to one copy at a time for each title they own.  Douglas Country monitors the number of "holds" on each book (the number of people waiting to check it out), and if the hold count exceeds a certain number of patrons, the library purchases additional copies.
 .  .  .  .
Like all new Smashwords distribution channels, authors and publishers have the option to opt out of Library Direct, if they choose, from the Smashwords Channel Manager.  Later today we'll notify all 45,000 Smashwords authors and publishers of this new channel.
To read more about Library Direct, go here: New Library Direct Enables Libraries to Acquire Large Opening Collections of Smashwords Ebooks.

Further reading:
- Twylah: Turn Your Tweets Into A Blog
- 50 Shades Of Alice In Wonderland: Another Indie Success Story
- Fifty Shades of Grey - Oh My!

Thursday, July 26

Mark Coker of Smashwords: $2.99 Is The Best Price For A Book

Rock

The actual title of Mark Coker's post was How a Traditional Publisher Could Harm a Writer's Career.

I never thought I'd see that sentence in print. Wow! Times have changed. Granted, this is Mark Coker writing, the founder of Smashwords, one of the largest self-publishing portals. But still.

So how could publishing traditionally harm one's writing career?

Mark's answer: by making you poorer. He writes:
[W]e found $2.99 books, on average, netted the authors more earnings (profit per unit, multiplied by units sold) than books priced at $6.99 and above. When we look at the $2.99 price point compared to $9.99, $2.99 earns the author slightly more, yet gains the author about four times as many readers. $2.99 ebooks earned the authors six times as many readers than books priced over $10.

If an author can earn the same or greater income selling lower cost books, yet reach significantly more readers, then, drum roll please, it means the authors who are selling higher priced books through traditional publishers are at an extreme disadvantage to indie authors in terms of long term platform building. The lower-priced books are building author brand faster. Never mind that an indie author earns more per $2.99 unit sold ($1.80-$2.10) than a traditionally published author earns at $9.99 ($1.25-$1.75).
Another interesting point Mark brought up was that it seems that the Apple store's "rankings favor unit sales over dollar volume (unlike the bestseller list at our small Smashwords store, which measures aggregate dollars spent).  Look at the Apple bestseller list and you'll see which authors are building their brands the fastest with readers."

Huh. That's good to know. If Amazon's ranking algorithms begin to more steeply favor higher priced books then selling through Smashwords on the Apple store--or just selling there directly--would be more attractive.

Mark Coker goes on to discuss Pearson's acquisition of Author Solutions and calls the acquisition "icky". I agree. He writes:
There are signs that some publishers are beginning to realize they need to implement strategies to bring indie authors back into the traditional fold, as witnessed by Pearson's acquisition last week of Author Solutions, Inc., which will be operated under its Penguin imprint.  I'm still scratching my head over this.

Does Pearson think that Author Solutions represents the future of indie publishing?  Author Solutions is one of the companies that put the "V" in vanity.  Author Solutions earn 2/3 or more of their income selling services and books to authors, not selling authors' books to readers.  Does Pearson think so little of authors that they've decided they can earn more money selling them services than selling their books?  Don't get me wrong, I have no qualm with indies investing in professional editing, proofreading and cover design. I encourage that.  There's just something about this that feels icky.

For months, blogger Emily Suess has been challenging the business practices of Author Solutions, and her posts make for some fascinating if not disturbing reading.  How will Pearson prevent Author Solutions from tarnishing the Penguin brand?  Seems to me Lulu or Blurb would have been a smarter acquisition if Pearson wanted a reputable print self-publishing firm.

Surely, they didn't acquire Author Solutions for their ebook revenues, which accounted for only $1.3 million in 2011 sales, or 1.3% of their nearly $100 million total, according to a story in Publisher's Weekly by Jim Milliot.  Smashwords ebook sales this year will do 10 times that $1.3 million, and with only 16 employees here in California as opposed to 1,600 employees at Author Solutions, 1,200 of whom are in the Philippines.  I'm making an unfair comparison, though, because Author Solutions is in the print business, and we don't touch print.  Compared to ebooks, print production and distribution is more complicated, more expensive and less rewarding for indie authors.
 
So, will someone please tell me, if print isn't the future, and vanity isn't the future, then why did Pearson pay $116 million for Author Solutions?  Do they think Author Solutions offers authors a more compelling print solution than Amazon's CreateSpace, or Lulu?  Does Penguin think the imprimatur of the Author Solutions brand will help it retain its most precious authors?

The good news is that publishers are beginning to realize that the power in publishing is shifting to authors.  The question remains, however, how they'll keep authors in the traditional stable now that the gates are torn down and greener pastures abound.
Here's a link to Mark's article:  How a Traditional Publisher Could Harm a Writer's Career.

Mark Coker is at the RWA annual conference that's going on right now. I really really wish I was there! By all accounts it's a fantastic conference and many of my favorite authors/presenters are going. Next year.

Related reading:
- Amazon's KDP Select, Kobo & PubIt: Joe Konrath & Blake Crouch Share Their Experiences
- 5 Points To Ponder Before You Self Publish
- Penquin's Purchase Of Author Solutions: Going To The Dark Side?


Thursday, June 21

Mark Coker, Founder Of Smashwords, Talks About Indie Publishing

mark coker, smashwords
Mark Coker

Mark Coker gives great advice about indie publishing that the average person can understand. I highly recommend his Smashwords Style Guide and Smashwords Book Marketing Guide.

Below is a recent interview he did with Morgan Doremus over at RT Book Reviews.


Cheers, thanks for stopping by.

Thanks to the Passive Voice Blog for positing about Mark Coker's interview.

Thursday, September 29

How Do Ebook Buyers Discover Books?


1. Recommendations from fellow readers on online message forums, blogs and message boards.

2. New books from a reader's favorite authors.

3. Random browsing. Readers look at book covers, reviews, download free samples.

Mark Coker conducted a survey and the above is an abridged report of what he found. Interestingly, bestseller lists weren't a major factor in how readers discovered new ebooks. (The graphic, above, expands if you click it. It lists the various ways ebook buyers discover ebooks.)

Read Mark Coker's post here: How Ebook Buyers Discover Books