We tend to focus on in-depth posts and analysis on the global publishing scene for the EBUK blog, and as the entire EBUK project is a not-for-profit operation run by volunteers it often means smaller, but no less important, items of interest get passed by.
So we asked frequent EBUK blog contributor Mark Williams to run a regular column here sharing with us pertinent shorter news stories, as ever throwing in his unique perspective as an international bestselling author and surveyor of the international publishing markets from the far shores of West Africa.
And yes, that is his local beach. As he likes to remind us, he lives the writers’ dream, hammering away at a keyboard on picture-postcard white sandy beaches lined with picture-postcard green gently swaying palm trees next to a picture-postcard warm blue ocean beneath picture-postcard blue skies. Hey, nobody said life was fair!
The View From The Beach – Mark Williams At Large.
May Is Short Story Month. Are You Ready?
It’s actually the third Short Story Month – it started in 2013 – and momentum is gathering as more and more people look for “bite-size” reading. (LINK)
Millennials have been particularly identified with the demand for this type of material, in part reflecting the rise of smartphone reading and lifestyles where working hours are far more flexible than in days of yore.
Vintage/Anchor Books are releasing a short story every day during May to mark Short Story Month, all priced at 0.99, and I think they are on to a winner.
I also think, because I’m going down this route myself, that short non-fiction, and especially short narrative non-fiction is also the new black.
Amazon’s Kindle Singles and B&N’s Nook Snaps have already proven the demand for short digital material, and Vintage/Anchor see a lot of potential to engage readers with shorter offerings.
We were all surprised to find Millennials, the generation most comfortable with smartphones, preferred reading paperbacks to reading ebooks, but my feeling is its all to do with length. Reading a 100,000 word novel on a smartphone (as opposed to an e-ink ereader) is probably not the most pleasant of reading experiences, but for consuming a shorter work in a short space of time a smartphone may well be the ideal vehicle.
As indies we have in some way painted ourselves into a corner with our 0.99 full length novels flooding a handful of key markets, but we need to step back and view the markets from the perspective of readers, not writers. Something we collectively seem not very good at, as the huge number of exclusive-with-one-retailer indie titles shows. What better way of telling readers that what we care about is us, not them…
As the global New Renaissance gets into second gear we should all divest ourselves of any straight-jacket notions about what will sell and where, and what will be commercially viable, and likewise we should all divest ourselves of any straight-jacket notions about marketing and promotion.
Kobo Parent Company Rakuten Enters The Magazine Publishing Market. Expect Amazon To Follow Suit Soon.
I’m surprised Amazon hasn’t gone down this route yet, but with Rakuten leading the way it’s now pretty much inevitable they will do so.
Rakuten’s first venture is a fashion magazine in Japan, and rather cleverly all the fashions featured are also for sale on Rakuten’s Ichiba retail site. (LINK)
Purely speculative but I would imagine India would be the ideal place for Amazon to follow suit. Amazon’s fashion arm has been making big strides in India, and an e-magazine devoted to exposure for fashion items available on the Amazon IN store would boost Amazon’s challenge to the 600lb gorilla in the Indian e-commerce marketplace, Flipkart, which happens to own India’s 600lb gorilla e-fashion site Myntra.
If I were a betting man I’d put money on both Flipkart and Amazon launching e-magazines this year. And if I were adviser to Jeff Bezos I’d be asking why Amazon doesn’t have both an e-zine and a print zine of its own in the USA.
Career Authors Alert: Selling Rights Vs Selling Ebooks.
Here’s a White Paper that’s free to download from Publishing Perspectives. Its theme: Global Rights and Licencing.
This is only 20 pages, but well worth the time if you are serious about being an international bestselling author.
Don’t be misled by the title. A lot of indies think in terms of selling ebooks. Even thinking about selling print books is a stretch. So selling “rights” might not be something you think indies need to be bothered with.
If so, think again.
Selling “Rights” should be at the heart of your career strategy so you can let someone else worry about the donkey work of selling your work beyond your comfort zone, while you actually spend your time writing the next book.
But it’s not just about selling the book. It’s about selling the translation rights, the film rights, the TV rights, the boardwalk rights, the game rights, the…
So long as we indies are locked into the microverse of ebooks we are never going to be able to compete with the big boys.
The White Paper is mainly about global book (print and digital) rights, but also includes a very useful section on film rights – something ALL of us should be thinking about.
It also includes a “starter” for the global markets by focusing on two countries regular readers of EBUK or my posts elsewhere will know are high on my list as places to be focused on: Brazil and Indonesia.
I know few of you are convinced about Indonesia, but ponder this little gem from the report:
Of the 32,000 titles published in Indonesia in 2014, 50% were translations of foreign languages, with English the front runner.
Other snippets from the post reiterating what I’ve been saying:
“Germany is the trans-Atlantic powerhouse.”
“Japan is the fourth largest publishing market.”
“The Spanish language markets offer global opportunities.”
“Turkey is taking off.”
“Poland and the Czech Republic are showing strong signs so life.”
The global New Renaissance is a fact. It’s happening all around you as you read this. And you can be part of it. Front seat tickets are on sale right now.
Or you can be a bystander and wave as it passes you by.
Hopefully this link to the GoogleDocs download form will work for you. (LINK)
If not, pop along to the Publishing Perspectives website. (LINK)
Asia Watch 1.
Tencent, the Chinese e-titan, has just seen its value exceed two hundred billion dollars, leaving the likes of Amazon in its wake. (LINK)
Yet another clear sign, as I’ve been warning this past few years, that the centre of digital gravity is shifting east, and we should all be focused on getting a foothold on these oriental players now, before the rest of the west wakes up and starts a stampede to climb on board.
Tencent, Alibaba, Xiaomi, JD and a host of unpronounceables I’ve been tagging these past years are now coming of age and with that come opportunities unparalleled in the west as the global New Renaissance shifts into second gear.
The upstart start-up Xiaomi has just upped its ebook game with a deal with Trajectory, Macmillan and Gardners to get western English-language ebooks into the Xiaomi store. See more on this below.
A week or so ago Tencent became for all practical purposes the biggest ebook store on the planet (except by revenue, because ebooks in China are so much cheaper) as it reinvented itself (more on this in an in-depth look at China shortly).
JD has long been one of the biggest ebook stores in China, and last year signed a deal with one of the Big 5 western players to get English-language ebooks into China, where demand for E-L literature is high.
In doing so they followed the lead of OverDrive, now ironically owned by another eastern giant, Rakuten.
Alibaba doesn’t sell ebooks yet but you can sell your print via Alibaba through its US store 11Main. Expect Alibaba ebooks soon.
As the only western indie author to have a title hit the number one spot on Amazon’s Kindle China store I’m probably better qualified than most to say savvy indies should all be making sure China is not just on their radar but on your URGENT ACTION NEEDED list.
And make sure India and Indonesia are there too, because these are among the next eastern hot-spots for indie authors willing to step outside their comfort zone.
UK and Australia Digital Libraries Now Supplied By 3M.
The 3M Cloud ebook service is now available in the UK and Australia, having shifted north to Canada last year. (LINK)
We’ve covered 3M on the EBUK blog before and will run an update on the global library markets soon.
Here just to remind you that, erotica authors aside, you can get your ebooks into the OverDrive catalogue via Smashwords.
The pay-up-front aggregator Ebook Partnership will get you into the OverDrive global libraries (over forty countries) and also into the OverDrive retail outlets which Smashwords does not deliver to.
Or you may prefer to pop along and try Ebooks Are Forever, a new initiative by Joe Konrath to get indie titles into US libraries. (LINK)
Magzter Now Open To Indie Authors.
The global digital magazine retailer Magzter also sells ebooks, and following a reference in a post here on EBUK recently they kindly reminded me that indie authors can now upload direct to Magzter.
Go to Magzter (LINK) and set up a publisher account and then upload your titles. They need to update the site as it seems to suggest you can only publish magazines still, but if you go through to the next stage you’ll find a portal specifically for ebooks.
I get my books into Magzter through a third party so can’t say what the experience is like, but I can say Magzter is a fast-growing global player (over 200 countries).
As most magazines are non-fiction I’m expecting non-fiction ebooks to do particularly well on Magzter, and all the more so if the subject matter ties in with the theme of the more popular magazines.
At the moment the Magzter ebook store is sparely populated and this is a great opportunity to be a big fish in a small pond if you play your cards right. My guess is many people will discover e-zines before they discover ebooks, and most of those will discover ebooks on the same site they buy their e-magazines from.
Watch out for a detailed post on Magzter soon.
Asia Watch 2.
Xiaomi Steps Up Its E-Book Game! Are You Ready?
Xiaomi, the upstart start-up from China, has in just five years has gone from nowhere to be one of the biggest smartphone players on the planet.
This month it has been announced Xiaomi has a deal to take western ebooks into its China store, with strong indications the ebook stores will be extended to other countries in the near future.
Nate at Ink, Bits & Pixels has the scoop. (LINK)
Trajectory recently fixed a deal with Tencent to get English-language titles into the Chinese market, and what is gobsmackingly wonderful about this new deal is that it also involves Britain’s wholesale distributor Gardners, which means there is a back door in for indies.
Needless to say l’m already in Gardners, so looking forward to seeing my English-language titles in Xiaomi alongside my Chinese translated titles which have been doing rather well in the China markets.
Yes, before you ask, there is serious demand for western E-L titles in China. Last year OverDrive did a big deal to get western content into China and in September we reported here on the EBUK blog on HarperCollins signing a deal to get its E-L catalogue into China. (LINK)
Now Macmillan has followed suit.
We’ve said on previous occasions that Xiaomi isn’t yet taking on western titles but that it will, and when it does, to jump in with both feet.
And it won’t stop at just China.
Earlier this month Xiaomi sold 2.12 million smartphones in twelve hours when it did a special sales event across its outlet countries, which include key nations like Thailand and Indonesia, India, Brazil and Turkey.
If you’re serious about becoming an international bestselling author then you need to be serious about players like Xiaomi. Because Xiaomi is serious about ebooks.
Subscription Services Get Bigger & Better. Mostly.
Digital music has been around a lot longer than ebooks, in a meaningful commercial sense, but only in 2014 did digital revenue finally exceed “physical” revenue for music.
And much of that was driven by subscription. (LINK)
Meantime Netflix had a stunning Q1 picking up 5 million new subscribers (LINK) while continuing to make profit.
The naysayers love to say ebook subscription services are unsustainable, and then point to music as an example of why, but music is doing just fine and film and video subscription – far closer to ebook subscriptions than music – goes from strength to strength.
A given ebook subscription service may come or go, but as a commercial entity the subscription model is working just fine for all digital products. For content providers? Spotify not so much for musicians, and Kindle Unlimited not so much for authors. But early days.
New subscription services are emerging by the day. The Danish subscription service Mofibo will be launching in the UK this year.
And be sure to watch out for the new kid on the block, Playster, due to go live this summer. Playster plans to offer an across the board digital subscription service with music, video, ebooks, audio, etc, all for a fixed fee.
Simon & Schuster have just signed up for Playster. (LINK)
And in separate news Penguin Random House, while still eschewing subscription for ebooks, has put its audio books into Scribd.
Back in February HarperCollins put its titles into the Russia-based subscription service Bookmate. Expect Macmillan and Simon & Schuster to follow suit soon.
Although CIS based, Bookmate is far bigger than just Russia, and is focused on targeting places Amazon blocks downloads to. But with an Amazon Russia Kindle store rumoured to be around the corner the competition between Bookmate and Amazon might be about to be heat up.
I’ve been in Bookmate a while, and can’t say as I’ve seen much action, but I have great hopes for Bookmate in the future. Bookmate is fielding a quarter million English-language titles, only a handful of which are indie. Plenty of opportunity for savvy indies to get traction in the nascent markets Bookmate serves.
Be part of the subscription ebook scene or miss out, because the readers are heading that way in their droves.
Book Tango / Book Country – What Worries Me Is Books On Board.
The rebranded Book Tango (LINK) has long been on my watch list, but what worries me still is the links and references to Books On Board, which went under two years ago this month. (LINK) Surely two years is time enough to get the website updated?
One good reason for looking at Book Tango was that it distributed to Google, which the main pay-as-you-sell American aggregators like Smashwords and Draft2Digital do not. But with both Xin-Xii and Narcissus able to get your ebooks into Google Play I still can see no reason to risk playing with Book Tango. But I’d love to hear from anyone who has and has some experiences to share.
+ + +
I’ll wrap this session up with something from trad pub at the London Book Fair. Yeah, thought you’d be impressed. But love it or hate it, trad pub is here to stay and doing rather well. And we can learn a thing or two from it.
At the London Book Fair Faber & Faber CEO Stephen Page talks about how a “new ecology” has emerged in the publishing industry.
Quote: “The previous ecology got hammered and challenged. A new one has emerged that is partly around the resilience and return of physical books, partly around the new confidence there is. There is a new confidence about the options open to publishers, about the creation of value, about investing in content with confidence. There is a shift towards the consumer, which is still continuing and isn’t finished yet, and just a new confidence about the tools and opportunities open to us.” (LINK)
For those indie fundamentalists who live and breathe the “self-pub good, trad pub bad” mantra it’s bad news. Far from rearranging deckchairs on the Titanic (try finding an indie blog between 2010-2013 that didn’t say that), trad pub has sealed the hole, pumped out the water and fired up the engines again.
For authors who prefer to live outside the tribal lines it’s another sign of a wonderful future ahead for all of us who are willing to embrace the New Renaissance rather than chase archaic print dreams in digital formats.
The opportunities are just beginning to emerge, and many indies will miss most of them because many of us are still thinking books and readers. That is soooo 2009.
Look at the words Stephen Page uses. “Content” and “consumers”, “tools and opportunities”.
Yes, we can dismiss these as meaningless biz-speak, but alternatively we might want to consider that trad pub, having adamantly refused to keel over and die as the indie movement gleefully hoped back in 2009-12, might just be on to something.
For industry-watchers there is not just a new confidence but a new vibrancy in the publishing industry as 2015 gets under way. So very different from the uncertainty and near-despair that epitomised 2010-12.
Indies would do well to watch trad pub very closely, because trad pub is very clearly thinking about the next five years, not the next five weeks.
Individual publishers and bookstores may come and go, but as an industry trad pub and trad pub retail will be stronger than ever in 2020 as it embraces the tools and opportunities of the global New Renaissance.
Where will you be at in 2020? Riding high with them? Or still trying the same tactics that worked so well in 2010 and wondering what’s gone wrong?