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Viewing: Blog Posts Tagged with: independent authorship, Most Recent at Top [Help]
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1. E-Books and On Becoming an Indie Author/Publisher

Why Go All Independent Author on Us, Rob?
  (Part I)

E-books and the electronic readers like the kindle are suddenly legion at schools, at writers conferences, even at ironically enough bookstores. I will never forget at a book signing when a lady pushing a baby carriage by stopped long enough to reach into the carriage to pull out her kindle to proudly flash before me to ask my wife, Miranda and I, “Are your books on Kindle?” We were ready for her, both of us replying, “Yes indeed.”

THREE Million plus kindle e-readers have been sold since December of this year, and Mother’s Day is likely to see a huge number sold as well—perhaps more; at least this is the number I keep seeing in articles in The New Yorker and Newsweek. In other words, the future is upon us and traditional publishing has reason to be concerned even if they don’t know it. More and more authors are taking control of their content and making decisions that impact the content—what they create.

Traditionally, the working arrangement between publisher and writer has always been one of you turn over your creation and the publisher “takes all the risks” as if you are taking no risks in spending months if not years on a manuscript. However, since you are taking “no risks” like those faced by the publisher—business risks—the notion is you are now passive cargo and worth about 8 to 10 percent of each “unit” sold after costs incurred such as an advance.

Now all decision-making is out of your hands, and you are supposed to go write another book in the event the first one sells well. Meanwhile, the publisher’s team—all of whom have pensions and paychecks—make the important decisions of pricing, placing, marketing, packaging, title, down to the font and colors on the cover.

In other words, all decisions made by committee, all of whom are making more money on books being pushed than the author. Think totem pole and the author is at the bottom, and wasn’t a camel a horse designed by committee? My point is when the book fails, the guy at the bottom of the totem pole is the one blamed as his/her numbers of unit sales is too low.

So the business model for the author is pretty bleak, and has been since Guttenberg’s invention of the printing press; ninety nine percent of all novelists in the world cannot live on what they earn as writers. Could you live on eight percent of what you sell without health benefits or pension?

That said, let’s turn now to the business model for the author who is now an Independent Author/Publisher—and for starters, the Kindle contract is not an 8-10% cut but a 70/30 split with the 70 going to the author! Aside from this, the author makes all the decisions to package and price the book, no title fights, no arguments over hardcover vs. trade vs. mass market as none of these designations apply in e-books. The added attraction to doing e-books is control and a sense of freedom.

Publishers are as interested in change as glaciers, and for good reason—as they “take all the risks” and they take the lion’s share of the profits. This is no more evident than now with the sudden growth of e-readers and e-readership as the big houses like Random House and Penguin and others are warring with Amazon.com over price-setting. They have always controlled the prices, and now suddenly millions of avid readers, rabid readers if you will (as kindle readers can go through forty books in a week) want their books at less than ten dollars—as Bezos, the head of Amazon promised them—“You buy a kindle, no kindle book on Amazon for more than 9.99.”

Fact is, Bezos wants the world to have access to any book you or I want “at the moment” or as close to NOW as Whispernet can make it happen. This is why Bezos named his device “Kindle” to “kindle the passion in readers and non-readers alike.” An altruisitc-based business model; imagine that!

By using the A-B-C directions at www.dtp.amazo

3 Comments on E-Books and On Becoming an Indie Author/Publisher, last added: 5/10/2010
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