What’s Good, Publishing?
For an allegedly liberal industry, publishers do a much better job of packaging and peddling the worst aspects of conservative punditry (along with celebrity memoirs and coloring books), while truth, history, and “diverse” perspectives and experiences are often dismissed as having limited commercial potential regardless of their cultural value. Many are sitting on a treasure trove of great content and access to a roster of truly creative people with timely and compelling insights and ideas that could literally change the world, but we’ll most likely just see a few anthologies cranked out to modest acclaim, with minimal marketing and zero cultural or financial impact.
Data-driven Storytelling
Over the years, I’ve worked with salespeople across a variety of industries and the best ones were always those who combined deep knowledge of our markets and products or services (backed by actual data) with an innate ability to identify their client’s or (prospect’s) real needs. They didn’t rely on fancy media kits or elaborate PowerPoint decks, nor discounts or hefty expense accounts—all valid tactical tools to be used, or not, as each situation calls for—and personal relationships were just the icing on the cake they got to have and eat, too because they instinctively grasped Kaushik’s underlying concept: understand a client’s needs and challenges better than they do themselves, and then help them understand how to achieve their goals.
That Time Publishing Lost its Sense of Humor and Missed the Point
And that is ultimately the point I took from Biggs’ post. Again, it’s not new, but when so many outside observers feel the need to continually repeat it, maybe it’s because the message isn’t getting through to those who need to hear it?
Penguin’s Modest Self-Publishing Gamble
Being sold for only slightly more than the revenue you brought in the prior year isn’t exactly a signal that anyone believes the company has a lot of growth potential, especially not one whose roster theoretically covers the full gamut of shiny author services so many seem to believe are publishing’s revenue streams of the future. Plus, ASI was apparently on the block for a while with no buyer, so I find Penguin’s CEO John Makinson’s claim odd, as reported by Publisher’s Lunch, that he expects there will be a “new and growing category of professional authors who are going to gravitate towards the ASI solution rather than the free model.” So then, what’s the real angle here?
Big Change for GOOD: When Publishing Content Isn’t Enough
A large part of GOOD’s appeal was its unique business model, its compelling mission, and its target audience: “For People Who Give a Damn.” While not replicable in any scalable way, it had a far more noble mission than the mercenary and fickle “connecting advertisers to eyeballs” model of most magazines, and it looks like that mission ultimately forced a complete and radical rethinking of the magazine itself.
Pottermore—When Disintermediation Goes Awry
While it’s interesting to see the affiliate script flipped on Amazon, with their redirecting traffic to purchase the ebooks (surely with a nice cut of the revenue), the user experience leaves a lot to be desired, especially if you’re used to purchasing your ebooks via the Kindle itself and/or the apps. The whole setup seems to be targeting hardcore fans—most of whom have probably already downloaded the ebooks for free via a torrent site—while asking the more casual reader to jump through hoops Amazon and B&N, in particular, have worked hard to eliminate.
If Not Readers…?
Amazon has always understood that readers are the most relevant market and that’s why they’re in the position of power they’re currently enjoying. Do they wield their big stick aggressively? Definitely. And so did B&N and Borders before them, and presumably whomever the boogeyman was prior to them were guilty of the same thing.
The Myth of “Verticalization” — Community Ain’t Easy
As anyone who’s actually worked within a “vertical” knows, whether from a niche consumer or business-to-business angle (or, heaven help them, for a non-profit organization or political campaign), just because a subset of people share a common passion doesn’t mean they’re a single-minded group that can be engaged in one templated way. Every vertical that presents a viable business opportunity is going to have its own sub-communities and overlapping layers, with some often in direct opposition to others.
On the Appeal of Indie Bookstores
There are a number of challenges indie booksellers face—a shit economy being the biggest of them—and there are many that won’t succeed, not because Amazon put them out of business but because THAT’S WHAT HAPPENS TO MOST BUSINESSES. There are many neighborhoods that simply can’t (or won’t) support a local bookstore, and that’s perfectly normal, too.
KDP Select: Is It Worth It?
If you’re an author who has already been shook and sold your soul and firstborn to Jeff Bezos, I can see this seeming like a good short-term deal, but the potential repercussions are huge.