Five Things: February 25, 2021
Five things of interest, every other Thursday. That’s it! That’s the description.
Five Things: February 11, 2021
Five things for February 11, 2021. That’s it! That’s the excerpt.
The Rise and Fall of Digital Book World | On Platforms
I used my own modest platform to build a following for DBW’s Twitter account and early content. Rather than blow a limited marketing budget on traditional channels and standard registration promotions, I built our email list by producing three free webinars ahead of the first conference, and promoting them via paid emails to used Publishers Weekly’s email list. I also launched a weekly “webcast” called DBW Roundtable where a panel of industry colleagues discussed the topic of the week, not only steadily building our audience and email list, but also serving as a test lab for potential conference programming and speakers. My content strategy wasn’t to make DBW another traditional media outlet, but a trusted platform for informed opinions and industry expertise that offered the kind of actionable insights we promised at the annual conference—on a year-round basis. In doing so, it would not only ensure the continued relevance of the annual conference, it would also become a steady source of new ideas, content, and voices while also developing additional revenue streams.
How I Built Platforms, and How They Deteriorated Over Time
While I’ve written about building and maintaining platforms myriad times, I’ve never purposefully looked back on the platforms I’ve built and examined how and why they deteriorated over time. Over the next few weeks I’m going to organize my thoughts and write about three of the most important ones—partly to properly document them, and partly to offer any relevant takeaways I might have.
Panorama Project Pandemic Progress—Updates from Libraryland
I took over the Panorama Project last July—which really does feel like two lifetimes ago—so as my anniversary looms, it’s a perfect time to check-in and see how things are progressing. It was only three months ago that the Panorama Project was gaining some real momentum, coming off a productive PubWest gathering and announcements of two major initiatives for 2020: Immersive Media & Reading 2020—Consumer Survey, and the Library Marketing Valuation Toolkit. Despite everything, Panorama’s work hasn’t halted, and our two big initiatives continue to move forward.
Milestones, Rona’d
It’s been many, many years since I did the kind of personal blogging I started out with back when this was a blogspot site in 2003, but this year has been anything but normal and I want to document a few things, mostly for myself, so if you usually come here for rants about marketing and publishing, this ain’t it. 2020 got off to a pretty normal start, all things considered… What obviously wasn’t on the agenda was a global pandemic.
In the Big 5’s Shadow, Publishing Gets Creative | #PubWest2020
Although PubWest is meant for traditional small and mid-sized publishers, it’s probably the most accessible industry conference for serious authors interested in understanding the business of trade publishing beyond getting an agent and a Big Five book deal. The more authors understand the various levers publishers have to pull and what factors determine which books they’ll pull them for, the better equipped they’ll be to negotiate a better contract and avoid unpleasant surprises like a perceived lack of marketing, uncomfortable relationships with independent bookstores and libraries, advances that don’t earn out, and having to find a new agent and publisher for your next book.
Talking About Libraries—Updates from Libraryland
Hyper-current events aside, 2020 has gotten off to a productive start for the Panorama Project, hot on the heels of my Publishers Weekly op-ed challenging the industry to take question of libraries more seriously. Since then, we released our annual report and announced two major new initiatives; I was a featured speaker at PubWest 2020; and I did fun interviews with Library Journal and Book Riot where I got to discuss my work in more detail.
The Lessons of Media Bankruptcy (or, Sad Anniversary, F+W Media!)
Anyone who’s worked in media in the 21st century—particularly “traditional” magazine media and its various digital counterparts and competitors—has at some point lived through the ups and downs of expense cuts and surprise layoffs, questionable pivots and their inordinate investments. I’ve been through variations of it a few times in my career, but my second time around with F+W was absolutely the worst, particularly because I realized, belatedly, that the writing was on the wall pretty early on. Here’s four things I learned which might be strong signs your company is heading in the wrong direction.
On Niche Audiences, Immersive Media, and Publishers’ Myopia
How a publisher defines, segments, and prioritizes its audience impacts every decision it makes about every book it acquires, publishes, and markets. As I noted in the new annual report for the Panorama Project, despite the growth in ebooks and audiobooks over the past decade, there are reportedly fewer people reading books today, and fierce competition for their attention and discretionary spending. In the absence of any major consumer research focusing on how book consumption and purchasing behavior has changed over the past five years, there are many unsupported theories attempting to explain why consumer ebook sales plateaued, and then began a gradual decline. Consumer pricing, library lending, and self-publishing are believed to be among the primary factors, while little consideration has been given to the impact of other forms of digital media that have experienced exponential growth—including film, TV, and gaming.