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.
Random Thoughts on a Summer Friday (In Which I’ve Buried the Lede)
That “Local First” angle is what disturbs me the most, latching on to a legitimate movement whose most compelling hook focuses on locally sourced goods and sustainability, to support booksellers whose primary focus is usually selling the products of multi-national corporations who treat them like second-class citizens. The bookstores that are true pillars of their communities don’t need hollow slogans and dreams of going viral on YouTube, because they prove on a daily basis why they matter to their communities.
Why DRM is a Toothless Boogeyman, Ebooks are like Video Games, and Amazon is the Winner
It’s not a huge stretch to posit Amazon as the reverse-Valve of the ebook world, constantly pushing the envelope in unexpected ways, aggressively experimenting with pricing, developing a core of popular franchises, while staying focused on delivering and optimizing the best consumer experience.
Rethinking Engagement: Facebook and Permission Marketing
If you think of a “Like” as an opt-in, you’re as close to the value proposition of an email list as it gets outside of actually acquiring that email, and you should treat the content you post to your Facebook Page with as much care and attention as you do your email newsletters. Even better, think of your Facebook Page as a key component of your brand’s overall audience development strategy, complementing your website and email program, and as your audience there grows, leverage Facebook Insights as aggressively as your web analytics to inform and evolve your content strategy.
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.
Ebooks and Libraries: Is it Worth the Effort?
Since publishers are so concerned with the “perpetuity of lending and simultaneity of availability” of their ebooks, I have to wonder if libraries shouldn’t just help them out and hit the STOP button themselves? Stop buying ebooks across the board, at any price, under any terms.
Moving Beyond THE BOOK; Three Takeaways from #Book2
The latest edition of Book^2 Camp, a publishing and technology “unconference,” took place yesterday, and while it lacked the star power of last year’s Margaret Atwood appearance, it was another worthwhile Sunday afternoon full of thoughtful conversations about the future of publishing. Three quick takeaways.
5 Career Tips to Survive Publishing’s Digital Shift
Transition, transformation, disruption, disintermediation… whichever word you prefer, the publishing industry is undergoing a massive shift that’s being driven by the Internet, with the news and magazine sides arguably a bit further ahead of the curve than the book side, for better or worse, though few major players among them are seeing any light at
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.