Ebook Trends: Good and Bad News

Avon announces ebook-only imprint
Avon Romance, which is an imprint of Harper Collins, has announced its first ebook-only imprint, named Avon Impulse. (An imprint is simply a division of a publishing company, if you are new to the term). Here are the important details:

  • Impulse is accepting non-agented submissions
  • Impulse hopes to begin by publishing a new ebook every week
Impulse promises distinctive covers and strong marketing for their new authors. And why the sudden urge for an ebook-only imprint?

“Two reasons,” said Avon execs in a statement. “First, traditional channels for mass market genre fiction are shrinking. Fewer grocery stores, drug stores, mall stores and superstores are carrying a broad selection of romance titles. While there is a strong consumer market for Avon titles, the channels that we have always depended on to grow new voices and publish broadly are under pressure. Second, the growth of eReaders and e-books have created a new opportunity that allows us to begin increasing the number and diversity of our romance list for the first time in 10 years.”


POWELL'S BOOKS lays off 31 employees
This news is a surprise because the industry believed the Powell’s might be faring better the Barnes & Noble and Borders because it has a strong online sales presence and fewer brick and mortar stores. A leaded internal memo also says that Powell’s employees will so face a second wave of layoffs.


RANDOM HOUSE ebooks outsell physical books
NPR recently reported that Random House was actually selling more ebooks than physical books in the first week of release for some titles, especially thrillers.


TWO PUBLISHERS see huge ebook sales spike
Penguin Books announced that its ebook profits were 182% and are now 6% of total Penguin revenues.

Bloomsbury Publishing has announced that its ebook sales grew 18-fold in 2010 over 2009, and that total ebook sales for the year were about 10 percent of traditional publishing sales.
  • $131,000: Bloomsbury ebook sales in 2009:
  • $2.3 million: Bloomsbury ebook sales in 2010:

She is the World’s Bestselling eBook Author

Amanda Hocking of Minnesota is the face of a brave new world, an overnight celebrity, suddenly and fabulously rich, and the literal embodiment of the decline and fall of the publishing world as we knew it, oh, six months ago.

The great news is that she is just like you and me. On her blogsite, she tells a familiar tale -- she always loved to write. But when she started to write in earnest, she was repeatedly turned away by editors and agents. So she published herself on Amazon.

Today, not only has her world turned upside down, she’s also up-ended the entire publishing industry. In less than six months. No small feat for a writer the mainstream industry shunned.

Today, February 27th, Britain’s The Observer newspaper named Amanda Hocking  “the world's bestselling ebook author, selling more than 450,000 titles last month alone.”

Yes, sit down for a moment and take that in. Nearly half a millon books IN ONE MONTH.

How did a 26-year-old in Minnesota single-handedly set major publishing houses shivering in their book-covers --  without even trying?

She published her first book, My Blood Approves, to the Kindle Store in April 2010, not even a year ago, according to her blog. A week later, she made the sequel available too. Here is what happened next:

  • In April 2010, she sold 45 ebooks in two weeks by word of mouth.
  • In May 2010, she sold 624 ebooks and made $362.
  • In June 2010, she sold 4,258 ebooks and made $3,180.
  • In July 2010, she sold 3,532 books and made $6,527.
Then suddenly she found herself at the epicenter of seismic shift in the book universe (to mix metaphors).

In August, a publishing house in Hungary asked to buy foreign rights. She approached five agents and got one. Here’s the real shocker, which in a nutshell summarizes how the old world has yet to catch up to the new world of bookselling: Of the five agents, only three even asked for a manuscript -- even though she had people asking to buy her foreign rights. Of the three agents that did ask for a manuscript, two never contacted her again (as of her account in August 2010). She signed with Steven Axelrod at The Axelrod Agency, Inc.

“I'd just sold over 10,000 books at the time,” she writes on her blog.

That same month, one of her books hit #25 on the Kindle sales list, and she made $1,200 IN ONE DAY from ebook sales.

“I just made more in a day than I used to make in a month,” she wrote on her blog.

In August, she sold just under 5,000 ebooks and made $10,000.

And in January, she sold nearly half a million books. If her $2 per book profit margin held true, she’s a wealthy woman. She has 4,000 Facebook followers and is now a USA Today bestselling author. And two weeks ago she announced that her Trylle Trilogy has been optioned for film by Terri Tatchell, the Oscar-nominated screenplay writer of District 9.

But these are not the reasons why I love Amanda Hocking. Clearly her writing is a hit with the public. Obviously her unprecedented success as a solo publishing phenom frightens traditional publishing houses. But I love her because she’s been honest and open with us, her public.

She made her sales record public, and her profits. She truly is an ebook pioneer, and outlining the details of her trajectory only serves to help educate the rest of us  about what is possible. For this reason alone, she deserves a lifetime of success in the storytelling profession. I’m betting she’ll have it. -Caleb

You can find Amanda Hocking and her books at AmandaHocking.blogspot.com.

E-book Bestsellers List

TThe New York Times has finally aligned with reality and made a major shift in the way it reports books sales. The Times is now the one and only place to keep up with the digital age of books. That’s right, people, I’m talking about the debut of the New York Times ebook bestseller list.


Actually, there are two lists. The new, improved bestsellers list is a combo of ebook sales and print sales. 
And now there is also a list for ebook sales only. Both of these lists are weekly, and both cover fiction and nonfiction separately.

Welcome to the digital age, everyone. Now we are just waiting to see who will be the first indie writer to hit the NYTimes list.
Of particular fun is comparing the print/ebook combo list against the ebook-only list. Notice a trend? The ebook-only list is strong in backlist books, as I predicted here in my blog on Publishing Trends 2011. As of exactly now, the days of a book being “out of print” are gone forever. Interesting new world, and good for the pocketbook of writers.

If you want more love for writers, visit me at CalebWarnock.blogspot.com. -Caleb

Winter Gardening Class This Week

CLASS ON THURSDAY Feb. 17 2011 will be held at the American Fork Fitness Center, 454 North Center Street in American Fork. We will meet in Room #3. Sorry for the inconvenience, but the arts council building was accidentally double-scheduled for both last Thursday and this Thursday. Questions? calebwarnock@yahoo.com

Starting Exactly Now, the "Out of Print" Book is Extinct

Last week, the NYTimes finally aligned itself with reality and made a major shift in the way it reports books sales. The new, improved bestsellers list is a combo of ebook sales and print sales, and now there is also a list for ebook sales only. Both of these lists are weekly, and both cover fiction and nonfiction separately.

Welcome to a new world, everyone.
Of particular fun is comparing the print/ebook combo list against the ebook-only list. Notice a trend? The ebook-only list is strong in backlisted books, as I predicted here. As of exactly now, the days of a book being “out of print” are gone forever. Interesting new world, and good for the pocketbook of writers.


- Caleb

Borders Bookstore woes



Here is a news story about the financial troubles of Borders bookstore.

"Critics said the company botched its move into the digital age and instead saw sales drop and earnings plummet.
"The company reported a net loss of $74.4 million for the quarter ended Oct. 30 and has had financial losses every quarter for the last three years. Borders' chief bricks-and-mortar rival, Barnes & Noble, also has been struggling financially."

What does this mean for writers? It means 2011 is going to be a year of change. For most of us, the rise of the ebook is going to be good news. But not for Borders and B&N.

http://seattletimes.nwsource.com/html/living/2014166181_borders09.html

Publishing Trends For Savvy Writers (Feb. 2011):



The publishing world is morphing faster than the Egyptian political landscape. In 2011, writers must be clever at marketing as well as wordsmithing. Here are five cutting-edge publishing trends happening right now.

1. Social Smart Monitoring:
Social networking is so 2010. Blog give-aways and Twitter updates are no longer enough. Thoughtful writers have begun to use social network monitoring to not only judge, but tweak, the impact of their networking.

2. The 6% Conundrum:
Traditional publishers, even the big names, will give a first-time author a cut of only 6-8 percent of the profit from a book (typically). But Amazon will give 66 percent. Both will ask the author to deliver a marketing campaign. Do traditional houses have enough marketing muscle to make them worthwhile in 2011? Is it better to invest years in learning to market yourself, or years trying to catch the eye of a publisher? Answer: In 2011, smart writers are learning to do both.

3. Concrete Digital:
Until now, writers dipping a toe into the watery world of online self-promotion have been able to dabble and experiment. In 2011, writers looking to woo agents and publishers (& readers) will increasingly need to spell out a marketing campaign strategy in concrete terms. More agents are demanding evidence that you can bring a built-in audience to your work. And indie writers are getting serious about how to define success, and build on small wins. Indie writers making money in 2011 will be adept at both writing and hawking their words.

4. Micro Narrative Voice:
Long gone are the days when a great plot sold a book. Now even great writing counts for little. In the new frontier of ebooks, you get a single sentence to win readers. The indie writers who are winning readers and agents have realized that this one sentence -- the click-through summary on the ebook lists -- must demonstrate you have both a great story, and a great storytelling voice.

5. The Crush of Friendly:
For the past several years, amateur writers have been told that blogs are like charm school -- show the world your graces and the world will pay attention. And maybe there was a time when being charming was enough. But now the crush of bloggers trying to win readers by being friendly and entertaining has reached a tipping point. 2011 brings a new focus on being useful. If you have something helpful to say, say it. Otherwise, readers will want you out of the way.  

I’ll take you through an in-depth look at each of these trends, and how you can get in front of them, in the days ahead. -Caleb

100% Fresh January Garden Salad


This is the salad I had for Sunday dinner yesterday, January 16. There is at least three inches of snow on the ground. Over the past three weeks we have had three nights at our house that reached minus-15 degrees -- you read that right. And I'm having garden-fresh salad. Great to be me!

But how much did that salad cost you, you may be asking. After all, the price of the greenhouse, the electricity, the artificial heat, the artificial lighting... That's an expensive salad.

So wrong.

First, you should know this salad was picked within the hour, photographed, and eaten. There is no greenhouse. No cold frame, no artificial heating of any kind, no artificial lighting, no special glass growing frame, no electricity, not a single thing that costs money or requires work. Not a single thing.

I have not been out digging, nor planting, nor doing anything special to get this salad. Just five minutes of work last September, and a little planning. That's all.

And now, on January 16th, with temperatures hovering at freezing, I have fresh winter salad. Even better, I have enough for tomorrow, and the next day, and the next and on and on. I could even make a fresh winter salad for a crowd.

In fact, I'm going to do just that. And you are invited dine with me!

We will be taste-testing this fresh garden salad, and many other winter garden delights, in my "Winter Gardening" class, sponsored by the American Fork Arts Council. I'll also be giving away free, pure, open-pollinated vegetable seed from my garden, and showing you truly easy ways to feast fresh and straight from you garden in the dead of winter in Utah. The class costs twenty bucks if you register before Feb. 4. To register, call the American Fork Arts Council office at 801-763-3081.

Zero cost. Zero special nonsense. Just forgotten skills of self-sufficiency of the pioneers (yes, that was a shameless plug for the book, available in stores August 2011.)

For more information about the class, visit CalebWarnock.blogspot.com. Happy eating!

Pioneer Winter Gardening Class


Sponsored by the American Fork Arts Council

Class: Forgotten Skills of Pioneer Winter Gardening
No electricity or greenhouse required, even at minus-ten degrees! Learn dozens of winter vegetable types including carrots, lettuce, spinach & more, how to grow them, where to find seeds. Includes tasting, free seed, optional instructor’s garden tour.
$20 before Feb 4, $30 thereafter. To register: 801-763-3081
7-9 p.m. Thurs Feb.10, 17
Historic American Fork City Hall, 39 North Church Street

Publishing Trends 2011


Caleb's Predictions in trends, the publishing landscape, and what you need to know.

2011 will bring the biggest shift in the publishing industry in history, and a massive shift in what it means to be an author.



THE LANDSCAPE -- what we saw in 2010, what to expect in 2011:

-- The second-most popular search engine in the world became YouTube, with Facebook coming third (Google was first, obviously).

-- For the first-time, the mainstay of traditional publishing began to falter -- sales of celebrity books. Major sales disappointments shook the industry, including Sarah Palin's latest book, and books from two reality show stars. (Celebrity books have typically been the best bet for publishers because they have access to media and a built-in fan base). There is now confusion among traditional publishers about where book buyers will come from in 2011.

-- Digital publishing makes it much easier and cheaper to do high quality books, even for amateur writers.

-- Oprah is expected to start her own publishing company, using the power of her new network and her brand to launch sales of books.

-- Barnes & Noble and Borders are in trouble. Borders lost $74 million during the fourth quarter of 2010, and BN asked for someone to buy the company. Borders was the only company to make an offer. Meanwhile, with sales of ebooks skyrocketing, many authors, even established authors, are beginning to think traditional publishers, who had bookstore distribution, may not be so useful to authors in 2011.

-- There is growing worry that traditional publishers cannot get timely books to market fast enough. Several nonfiction books have struggled because by the time publishers got them out, the information in them was months old and the world had changed.

-- Bestselling author of 12 books, Seth Godwin announced he will start his own imprint with Amazon, declining traditional publishing all together. This has sent a major shiver through the publishing industry, and more major authors are expected to follow his lead in 2011.

-- The New York Times will start an ebook bestsellers list in early 2011.

-- Google has announced Google Ebooks, a gamechanger which will allow indie authors and independent bookstores to have huge distribution -- something that has never happened before, and its all going to be happening in the "cloud" format.

-- Amazon has announced that it will now share its sales stats with authors.

-- Amazon has predicted that sales of ebooks on its website will outstrip sales of paperback and hardback books combined as early as 2011.

-- The former president of Shell Oil announced that by April 2011, gas prices in the U.S. would hit $4 a gallon on average, and he predicted they would hit $5 a gallon by Sept. 2012. This will drive sales of ebooks, and make it pricier to ship traditional books, and discourage people from driving to bookstores.


2011 TRENDS IN WRITING:

-- We will see a huge rise in the number of new publishing companies, and many of them will be ebook-only publishers.

-- In late 2010, some authors were able to get agents by offering a book for free on Kindle, and when that book rose into the bestsellers, agents began to call. Expect to see many more authors trying this route, and some of them with success.

-- Some of the established publishers, big and small, will announce they will become ebook-only publishers.

-- Independent writers -- those without publishing contracts or agents -- will have access to audiences they've never had before, and many of them will begin to show up on bestsellers lists.

-- There will be an upsurge in the success of writers focus on niche genres.

-- Several big-name authors will announce they are going independent. This could well include John Grisham, whose career was saved by ebooks in 2010.

-- There is a new trend among indie authors to try to sell 1,000 ebooks a month, and a group of authors on Amazon has begun keeping their own monthly "1K sellers" list.

-- Science-fiction and fantasy in genre are going to be a huge trend in 2011, sneaking their way into all other genres.

-- Within weeks we will begin to see ebooks set to music, and ebooks that are very interactive.

-- The good news for writers about ebooks is that the eformat discourages book sharing the way books were passed around in paper form, which will translate into more money for authors. Authors have already begun to see their back catalogs (their out of print books) begin to sell better than they ever have as they are discovered by new readers when they are re-released as ebooks. And an "out of print" book will no longer exist beginning in 2011. The books of writers, from now on, will always and forever be available as ebooks. This will translate into more books sales, and is huge boon to writers.

-- We will also begin to see books become shorter, in the eformat, where books can be priced more inexpensively. But we will also begin to see authors releasing a book every couple of months. As ebook readers begin to find favorite authors, they will begin to want more new books faster. This is going to be a huge trend with indie writers as the establishment tries to catch up to the new publishing model.

-- I'm predicting that we will see, in 2011, the rise of geography-based purchasing. When you are at Yellowstone National Park on family vacation, you'll find a slew of inexpensively prices ebooks in many genres about the park -- ebooks about the animals or geysers for the kids, complete with facts and fun and interactive features, and ebooks for the parents about the geology, the history, where to find the best hidden waterfalls and hiking routes. All of these geographic-bases sales will be short "books" priced to sell. And we will begin to see this all over America, at every tourist place and even nontourist places. This will open up a new genre of short writing.



WHAT YOU NEED TO KNOW FOR 2011 AS AN AUTHOR:

-- First-time authors can appeal more directly to the market to find an audience, using ebooks.

-- The successful authors will be those who learn to promote books digitally.

-- We will begin to see the rise of virtual author appearances and virtual author book tours in 2010. Authors will be making virtual appearances to writers groups and clubs and skype-chats to groups and on website and using apps.

-- Authors will find they will need a digital following in order to get a book deal with a publisher. Having a blog and a Twitter account will nolonger be enough. Publishers will demand that an author have a blog with a following.

-- The value of agents will be unchanged in 2011. Even if you don't ever use a traditional publisher again, you'll want to have an agent to protect your foreign and film rights, to make sure you get pay bumps based on sales spikes, and to help negotiate the online promotion of your ebooks.

-- The nature of having a publisher will change dramatically. The world of selling ebooks is new, and up and coming writers will need digital cover art -- which is crucial to ebook sales -- as well as one sentence ebook blurbs. For many of the new ebook publishing companies that will be born in 2011, their key selling feature will be their ability to offer these ebook-specific services to writers. Many writers who try to go it on their own in the ebook world will fail solely because they don't have the expertise to navigate the ebook sales experience.

-- As Amazon begins to offer authors their own sales data, virtual and actual book tours and promotions will begin to be driven by those data -- where in the country is the book selling best, to whom, and on which days.

--- The ebook market place will get crowded very fast. THE ONLY WAY for an author to stand out will be through narrative voice.

-- Plots will begin to be more science-fiction and fantasy driven, for two reasons -- people will be looking for escapist literature because of the reality of the economy, and because technology is changing so fast around us, and science fiction has always driven the trends of what can be imagined can become real.

-- Series writing is going to become hugely important in ebook format, as I mentioned earlier. Expect to see shorter book, but more of them, and readers will begin to expect this.

-- picture book sales will begin to revive in 2011, but not in actual book copies. There will be a boom in parents looking for ebook content for children.

-- The "highly illustrated book for young readers" is going to become a trend, blending together picture books and chapter books, and this will begin to spread through to the middle grade and then the YA genres, and quickly into adult genres too. Books will begin to look and be different because of the possibilities of ebooks to be interactive and surprising. Publishers will begin to experiment with books that have background music.

-- Nonfiction has always outsold fiction, but the gap will become wider in 2011 as nonfiction ebooks become shorter, more timely, and niche-driven. Word of mouth sales will begin to defy any traditional promotional tools in nonfiction.

-- The role of writers groups, for serious writers, will begin to change. Writers groups have already begun to turn into writers co-ops to help each other promote their own ebooks and run group blogs with contents including YouTube videos and podcasts. Promotions for up-and-coming writers will more and more be a group effort. This will try some writers groups, but become a huge boon to groups of serious writers, and long-established writers groups.