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Tag Archive ebook readers

A New Trend in Publishing is Emerging




As more and more authors turn to self-publishing, a new trend is emerging that may benefit publishers as well as authors.


Joe Konrath




Successful crime novelist Joe Konrath is probably the author who started this new trend and is the poster child of successful authors moving into the self-publishing realm.


According to an article in The Star-Telegram online written by Alex Pham of The Los Angeles Times,

“Joe Konrath can’t wait for his books to go out of print.


When that happens, the 40-year-old crime novelist plans to reclaim the copyrights from his publisher, Hyperion Books, and self-publish them on Amazon.com, Apple’s iBooks and other online outlets. That way he’ll be able to collect 70 percent of the sale price, compared with the 6 to 18 percent he receives from Hyperion.


As for future novels, Konrath plans to self-publish all of them in digital form without having to leave his house in Schaumburg, Ill.


‘I doubt I’ll ever have another traditional print deal,’ said the author of Whiskey Sour, Bloody Mary and other titles. ‘I can earn more money on my own.'”



Mr. Pham goes on to write, “It’s difficult to gauge just how many authors are dumping their publishing houses to self-publish online, though for now, the overall share remains small. But hardly a month goes by without a well-known writer taking the leap or declaring an intention to do so.”

However, Mr. Konrath is one of the exceptions to successful self-publishing because his fan base was primarily created by the marketing and distribution efforts of traditional publishing houses.

Does that mean an author needs to be published by a traditional publishing house to be successful later in self-publishing?

Not at all.


Mr. Konrath just stood up on his surf board and is about to catch one of  the largest new waves in publishing. He knows where his readers are and how to read them – online where most hang out.

As an aspiring or first-book author who is relatively unknown, you need to market your work to where people seek, read, recommend and review books – in social media: Facebook, Twitter, NING, Linkedin, Foursquare, Goodreads, and all the other social networking sites out there.

There is only one problem. By the time you learn how to effectively market your work on all the social media, you may be in an old-age home especially if you are not so computer savvy. Besides, when would you have time to write another book?

Most authors just want to write. They don’t want to wear six or seven hats and be the marketing guru, the sales superstar or the promotional genius.

This is where publishers can get their own surf board and ride the same wave as Mr. Konrath.  But some are just standing up on their boards, others are knelling and most don’t even see the social media wave.

Publishers can offer social networking services, electronic distribution and all the perks of traditional publishing to authors in digital and electronic form. This is a wave that is coming whether publishers like it or not so the best strategy is to make sure to have a surf board and to look out over the horizon. This publisher is certainly standing on his surf board poised to ride the next giant wave.

May the Best Titan Win!

 

Google’s entry into the highly competitive ebook market

 

I am not surprised that Google will launch it’s own electronic book venture called Google Editions. After all, why were they scanning every book ever published into digital form?

The Wall Street Journal and numerous other major publications, blogs and websites reported that Google is now nearing the launch of its massive new ebook venture and they hope to launch this year.

Instead of building another boat to navigate the ebook waters, they are diving into the water and going with the flow. Google says its books will not be tied to one particular device like a Kindle or iPad, but their books will be accessible from any device with an Internet connection.

Google is not running against the current trying to sell their own reading device with its own ebook store. Instead, they are the current ready to sell books to any device, in any format as long as those devices have a connection to the Internet.

And they won’t have just one web site where you have to go to buy their books, they will have unlimited websites paying commissions to anyone who directs traffic to a Google Editions book using the same model as their Google ads.

And some observers think they may have a competitive advantage over the other Titans in the electronic book publishing market.

It will be interesting to see which Titan comes out on top: Amazon, Apple or Google.

Take a look at the video for more – Rex Crum talks with Amir Efrati of the Wall Street Journal about what Google’s entry means for the online book market.

So You Thought E-books were a passing fad?

From Twenty Four Times

Amazon Kindle: Partially Responsible for $1 Billion E-book Sales

by Manisha on November 12, 2010

Market research firm Forrester has estimated e-book sales to touch the 1 billion mark by end 2010 in US and to triple by 2015!

Although only 7% of the 4000 people surveyed by Forrester actually read e-books these few are probably the most important ones reading 41% of their books in the digital form and buying books by the heaps.

In what might be viewed as a pat on the back for Kindle, it has surfaced as the most popular e-reader (32%), followed by Apple iPhone, Sony e-reader and Dell notebook and finishing a close second to the ubiquitous laptop in the Forrester findings.

Doing 66% of their reading in the digital form, Kindle users have emerged as the most avid e-book patriots and as if on a cue Kindle has already announced the flipping of its revenue sharing agreement with its publishers which we covered right here for you.

The findings could be a wake-up call for the tentative publisher yet to decide on whether to go digital with his next publication-the writing seems clear on the wall though-and before paperback becomes old hat it’s time to cash in on the promising prospect of e-books as unveiled by Forrester.

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Will Literary Agents become the Next Ebook Publishers?

In an unprecedented move, the Wiley Literary Agency struck a deal with Amazon to publish 20 classic titles as ebooks on the Kindle. According to reports, this is the first time a literary agency moved into the publishing business.

Will this be a trenliterary agencies, ebook rights, ebooks, authors, publishingd as agencies struggle to survive in the dwindling print market? It might be. An agency would sign on an author, retain electronic publishing rights and then sell print rights to traditional publishers.

Agency revenues would increase considerably for ebooks, especially with the current structure where agencies only receive 15% of the author’s royalties.

However, the big question is will traditional publishers go along with this scenario or refuse to publish an author unless they retain electronic rights?

Will this be beneficial to authors?

Read Stephen Windwalker’s column for more information on this emerging development.

Read the report from The New York Times.

Borders launches e-bookstore

Now that Borders has entered the ebook revolution, we will also see lower ebook prices and market pressure to lower the cost of ebook readers.

From The Wall Street Journal – July 8, 2010
By JEFFREY A. TRACHTENBERG

Intent on catching up in the fast-evolving e-book arena, retailer Borders Group Inc. is launching an e-bookstore with titles provided by Kobo Inc., the Canadian e-book retailer in which it has an investment stake.

The nation’s second-largest bookstore chain in sales, Borders, based in Ann Arbor, Mich., acquired the stake in December and said Kobo would provide e-books for sale on Borders.com.

For consumers, the entrance of Borders into the e-book marketplace may mean lower prices on some titles. More>

Did you think Amazon would go gently into the night?

Image representing Amazon Kindle as depicted i...

Image via CrunchBase

It was only a matter of time. Did you think Amazon would sit back and let Apple steal its thunder from the Kindle? I predict based on the following New York Times blog post, that we will see an iPad-like device from Amazon by the end of this year or early next year.  What do you think?

    From The New York Times blog, Bits, May 17, 2010, 3:42 pm

    With a Kindle Hiring Spree, Amazon Gears Up for Battle With Apple

    By NICK BILTON

    Since Apple announced its plans for the iPad, Amazon has shared few details about how it would respond to the competition for its Kindle. But over the last few weeks, it has offered some more clues.

    Lab 126, the division of Amazon responsible for building the Kindle, has been on a hiring binge, with dozens of new job listings on its Web site. Some are positions for testing and readying new products. And this suggests that the company might be preparing a new device. More >>

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    Is Our Literary Legacy Threatened by Electronic Books?

      We hear it all the time. The electronic book readers like Amazon’s and Sony’s eReader are going to be the downfall of printed books. If you believe that you may have been one of the folks in Columbus’ day who believed the world was flat. Don’t worry. It won’t happen at least for a very long time.

      The eReaders are just another distribution channel for books. If anything, eReaders are going to allow more people to access more content than ever before. We hear it from Kindle owners all the time that their Kindles are maxed out – they cannot fit anymore books on these devices.  Luckily for them Amazon allows users to store books online on their Kindle account. They just have to switch them out from the account to the Kindle. And people with mobile devices like phones and PDAs are only limited by the amount of memory in those devices.

      Well, for all those people out there who don’t like change, book eReaders and other mobile reading devices like the iPhone, iTouch, Blackberry, Palm Pilot and the entire family of Windows Mobile software devices are here to stay. Whether you passively ignore these devices or actively denounce them, the eReader trend is coming at you like a steam roller and there is nothing you can do.  Go with the flow or be flattened.

      A case in point is Amazon’s launch of the European version of the Kindle (See the story on Bloomberg.com). Before the launch, Europeans had to settle for the American Kindle version and could only download books after they downloaded them to their PCs. Now they can download books wirelessly directly to the Kindle in more than 100 countries all over Europe. Now Europeans like us Americans only have to think of a book and in less than 60 seconds they will have the entire book ready to read on their Kindles.

      And according to  TIME online, “2009 is a breakout year for e-readers,” says Sarah Rotman Epps, an analyst with Forrester Research. “But we’re still in the early stages.”

      More than 17 Kindle-competitors are already on the market or expected to hit the market by 2010, according to TIME. The major players include Apple and Microsoft, Asustek, a Taiwanese company, Samsung, LG, IREX, Interead and Fujitsu with a  full color e-ink display.

      Sony’s Family of electronic book readers – Courtesy of Sony

      Cool technology. Disruptive technology. Revolutionary technology. The voices are clear.

      So what does it all mean for our rich literary legacy? Will our literary future simply morph into something unrecognizable? Will it vanish completely? Maybe. Young people are writing novels on cell phones in Japan. Several authors have attempted to write and serialize novels on Twitter. Hundreds of books were first written on blogs and then turned into full length books in print.

      Most young people don’t read books; older people read books. Females read more books than males. A whole new language has been created for texting that uses mostly acronyms and makes understanding shorthand a cake walk.

      Again allay your fears.

      Clive Thompson, a writer for , reported in the September 2009 article, that a college professor found just the opposite – that young people are much more prolific than their parents and grandparents.

      isn’t so sure. Lunsford is a professor of writing and rhetoric at , where she has organized a mammoth project called the to scrutinize college students’ prose. From 2001 to 2006, she collected 14,672 student writing samples—everything from in-class assignments, formal essays, and journal entries to emails, blog posts, and chat sessions. Her conclusions are stirring.

      “I think we’re in the midst of a literacy revolution the likes of which we haven’t seen since Greek civilization,” she says. For Lunsford, technology isn’t killing our ability to write. It’s reviving it—and pushing our literacy in bold new directions.

      The first thing she found is that young people today write far more than any generation before them. That’s because so much socializing takes place online, and it almost always involves text. Of all the writing that the Stanford students did, a stunning 38 percent of it took place out of the classroom—life writing, as Lunsford calls it. Those Twitter updates and lists of 25 things about yourself add up.

      It’s almost hard to remember how big a paradigm shift this is. Before the Internet came along, most Americans never wrote anything, ever, that wasn’t a school assignment. Unless they got a job that required producing text (like in law, advertising, or media), they’d leave school and virtually never construct a paragraph again.”

      She’s right about technology “pushing our literacy in bold new directions” – everything written is shorter, faster, more efficient. Books are shorter; chapters are shorter to reflect everyone’s busier, faster lifestyle and the writing is concise and targeted written to get to the point quickly and efficiently.

      Even , the former Executive Editor-in-Chief of Random House and fiction editor of laments about the Internet in his article, ” in the Barnes and Noble Review.

      “(Speaking of shortness, the attention-distraction of the Internet and the intrusion of work into everyday life, by means of electronic devices, appear to me to have worked, maybe on a subliminal level, to reduce the length of the average trade hardcover book.)”

      Does that mean we will never see great classics like Charles Dicken’s, A Christmas Carol or Great Expectations? On the contrary. Writers are the bellwethers of our time, and their writings will reflect our lifestyles, our cultures, and our pace of living. Besides, when was the last time a friend proclaimed, “I just finished, War and Peace, and now I can start David Copperfield.”

      While books may be shorter, there will always be classics some already written, some to be written,  whether they are traveling at light speed as zeros and ones over the airwaves or inked permanently onto the printed page.

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