Tag Archives: Amazon

Platform Capitalism: The New Economy of the Future?

My latest article, just published on Impakter Magazine:

BOOK REVIEW: PLATFORM CAPITALISM BY NICK SRNICEK, PUBLISHED BY POLITY (DECEMBER 2016) 120 PAGES

Platform Capitalism

Platform capitalism is the latest buzzword, replacing what used to be called “eco-systems”. It is also sometimes confused with the “gig economy” or the “sharing economy”, enthusiastically embraced by politicians as the answer to the Great Recession.

Uber, AirBnB, TaskRabbit and the like are viewed as saviors, providing jobs to those who wouldn’t have any or rounding off the pay of those who make too little. Their apps create a digital space where service providers and users meet; the needs of the latter are satisfied by the former while the app owners take a fair percentage off every transaction.

THE BLESSED AGE OF POST-CAPITALISM?

Technology enthusiasts see platform capitalism, created by the digital revolution, as a benign form of capitalism ushering in a new blessed age where people come into their own, workers find instant demand for their services and consumers get what they want at the tap of a button on their smartphone.

Before we go on, let’s get one piece of semantics out of the way: Platform capitalism should not be confused with the “sharing economy” (insofar as it exists at all). Platform capitalism has nothing to do with “sharing” in the sense of an exchange of goods or services at no cost to those engaged in the exchange. Platform capitalism is capitalism pure and simple: You pay for the goods and services you get, nothing is free – even if transaction costs tend to be lower online. Lower but still substantial: Uber, for example, creams off 25 percent of every taxi ride. The difference is that it’s not done through an exchange of cash in the real world, it is done digitally.

And, according to the proponents of platform capitalism, there is an added advantage: The middleman is cut out, costs to users are thus automatically reduced. This is the capitalism of the future, they enthuse. Thanks to the digital revolution, we are into the age of “post-capitalism”.

Not true, argue the critics: The basic exploitative nature of capitalism has not changed. Middlemen are replaced by new gatekeepers. “Many of the old middlemen and retailers disappear but only to be replaced by much more powerful gatekeepers,” complained one disgruntled German blogger.

Is platform capitalism heralding a bright new future or is it just the latest form of exploitative capitalism?

Read the rest on Impakter, click here.

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Filed under Book review, Digital Revolution, Economics, non-fiction, politics, Startups, Tech

Only 40 Self-Published Authors are a Success, says Amazon

The cat is out of the bag, finally we know exactly how many self-published authors make it big: 40.

Yes, that’s not a typo.

40 self-published authors “make money”, all the others, and they number in the hundreds of thousands, don’t. This interesting statistic, recently revealed in a New York Times article, applies to the Kindle Store, but since Amazon is in fact the largest digital publishing platform in the world, it is a safe bet that self-published authors are not doing much better anywhere else.

“Making money” here means selling more than one million e-book copies in the last five years. Yes, 40 authors have managed that, and have even gone on to establishing their own publishing house, like Meredith Wild. Her story is fully reported in the New York Times, here, and well worth pondering over. And wondering what “making money” really means.

That story reveals some further nuggets about the current fluctuating state of the publishing industry: it seems that last year, a third of the 100 best-selling Kindle books were self-published titles on average each week. Conversely, that means legacy publishers only raked in two-thirds. Perhaps this is not such a surprising result, given their habit of pricing e-books at stratospheric levels, from $12 to $16 or more compared to self-published authors who deem that $3 to $5 is the “right” price…One has to wonder why publishers do this, even at times pricing e-books more than their own printed versions of the title. Perhaps they are afraid of digital?

The digital market is indeed scary, primarily because of its dimension: over 4 million titles today in the Kindle Store, compared with 600,000 six years ago (again, the data is from the same article). This means “book discovery” has become the number one problem. How can your book stand out in such a vast crowd?

There are many answers in the industry (and savvy marketing certainly has big role), but some of the more ground-breaking solutions come from the successful self-published authors themselves, like Meredith Wild and a few others that have (more or less) followed her example, like Bella Andre, Barbara Freethy, H.M.Ward, C.J.Lyons. They have struck deals with Ingram Content Group, a major book printer and distributor, thus getting their novels in bookstores, big-box stores and airports. Because,let’s face it, when you’re selling big in the digital market, you don’t want to lose out in the printed one: 36% of book buyers still read only print books (according to a 2015 Codex Group survey – for more about how print books hold their own, see this article).

What does this mean in terms of the future of the industry?  According to David Montgomery of Publishing Technology:

“There isn’t one book market anymore: there are two, and they exist in parallel. One continues to be dominated by major publishers, and increasingly uses agency pricing as a strategy to support print book sales. The second publishing market is almost exclusively made up of e-books, and is driven by Amazon-published and KDP content sold at a substantial discount to the product produced by traditional publishers.”

And he foresees a growing divide in 2016 between the two markets. Yet the success of Meredith Wild and the other authors like her suggests that something else might be happening: self-publishing could be encroaching in a territory that used to be seen as exclusive to legacy publishers.

Time to celebrate? Not yet. There is a caveat and it’s a big one: only 40 such authors are likely to bridge the divide. In fact, writing is a poor man’s occupation. As Publisher’s Weekly noted in an article published last year: the majority of authors earn below the poverty line. The statistics are grim:

Given that a single person earning less than $11,670 annually sits below the poverty line, 56% of respondents would qualify, if they relied solely on income from their writing. The survey also indicated that not only are many authors earning little, they are, since 2009, also earning less. Overall, the median writing-related income among respondents dropped from $10,500 in 2009 to $8,000 2014 in 2014, a decline of 24%. (highlight added).

That’s way below the poverty line! Small wonder that most authors depend on another job to survive…

So if you’re not selling your books, take heart, you’re not the only one. If you’re considering becoming a writer, think twice, it won’t make you rich. To be honest, if I could do my life over, I wouldn’t go into writing (though I love story-telling), I’d go into…film making! That is the art of the future, people don’t read books, they go to the movies, they binge on TV series, they play video-games. And in all these – movies, TV, games –  good story-tellers are more needed than ever

No, the art of writing is not dead, it is just undergoing a change of venue!

 

NOTE: This was published over a year ago and has garnered more comments than any of my blog posts has ever done before and I warmly thank my commentators including those who didn’t agree with my reading of the data – no doubt this avalanche of comments is a testimony to the (high) number of writers (self-published and non) wondering where they stand and what they can expect from a writing career. Bottom line: if you enjoy writing, just do it and don’t worry whether it’s going to bring in the bacon or not. One thing is will do for sure: it will make you happy. And that’s worth far more than any money you might ever make…Happy writing!

 

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2016: The Year of the Writer?

There are signs that after the dramatic 2009 digital disruption that brought in the self-publishing tsunami, the publishing industry is stabilizing. And Kristine Kathryn Rusch, a best-selling author and dispenser of cool, much sought-after advice has even decreed on her blog in a year-end post, that 2016, is going to be “The Year of the Writer”.

Kristine Kathryn Rush’s blog, click here

Hooray! Or is it too early to celebrate? KK Rusch notes that in 2015 a lot of indie writers suffered from burnout (disclosure: my case too). But she has words of wisdom to soothe the pain:

If you’re destined to be a career writer, you’ll come back to it—or rather, it’ll come back to you. One day, a story will pop into your head, a story that needs to be told. I just got an e-mail from a long-time published writer who said that very thing. For the longest time, he thought he was done writing, and now he’s turning his attention to a new novel.

So nice to hear I’m not the only one (and yes, now too I’m turning my attention to a new novel).

So why this high rate of burnout in 2015? Simple: because of marketing pressures:

  1. You have to market your book in every possible way, Twitter, Facebook, book tours, Goodreads, you name it – exhausting;
  2. You have to write your next book in the series – yes, it’s a series of course, the best way to keep your readers glued to your books – and you have to do it as fast as you can, you’ve heard that best-selling authors come out with a new book every three months (yikes, how do they manage that?) – even more exhausting, especially if coupled with (1) above.
No surprise then that authors collapse.
But as KK Rush says, why do it? The solution to burnout is simple: write what you want. And, as she notes:

It does take courage to write what you want. To follow your own creativity and see where it will lead you. To walk down a path that doesn’t exist yet.So maybe I should modify my conclusion and call 2016 the Year of the Courageous WriterBecause we’ll be seeing a lot of courage in print this year.

Ready to be courageous? Ready to do your own thing?

Well, maybe not quite yet. Also, there are many ways to deal with burnout. For example, you could step sideways – move into non-fiction. That’s what I did: since 2014, I’ve moved into a lot of non-fiction writing (mostly articles about the United Nations) and working as Senior Editor for Impakter – and it’s been a wonderful experience, I’ve come across a lot of new, hugely talented young writers contributing exciting articles to Impakter.

Impakter – The United Nations section, click here to see.

Meanwhile the number of readers on Impakter has grown exponentially, to the extent that it has become a lead magazine for Millennials, even exceeding the New Yorker…That has made my experience with burnout as a fiction writer a lot easier to bear!

But KK Rush does not stop there in her predictions. She has just published a fascinating analysis of what went wrong: “Business Musings: The Reactive Business Model“. What she is arguing is that traditional publishers, starting in the 1970’s, have been “reacting” to surprise best-sellers by imitating them.

In order to survive commercially, they’ve churned out as fast as they could books that are as close as possible to the surprise best seller. And now, indie writers have fallen in the same trap, writing in the genre that supposedly “sells”, following as closely as they can the example set by best-selling authors. And you get a slew of would-be Hunger Games, slavishly applying what KK Rusch calls the “reactive business model”. And she predicts:

More and more indie writers will leave the business if their business plan is based on the Reactive Business Model.Traditional publishers have forgotten that they used to partner with writers. Writers created the material and publishers published it to the best of their abilities. Because traditional publishers are owned by large corporate entities, the pursuit of profit has become the mantra, and if an imprint isn’t profitable in the short term (five years or so), it gets absorbed, replaced, or dissolved.
Indie writers don’t have to follow that model—and shouldn’t. They need to go back to the old model.

And of course, the “old model” – the reason writers abandoned traditional publishing and went down the road of self-publishing in the first place –  is exactly that:

Write what you want to write. Don’t think about marketing until the project—whatever it is—is done. Then consider how to market the project. Be creative in the marketing too. Don’t just imitate what was done before.

Wise words, no doubt about it. And when writing your next book, she warns:

 “Don’t act like traditional publishers and manipulate your next book to be like someone else’s success. […] Move forward in your career. Don’t look back. Following the Reactive Business Model is by definition looking backwards.

Definitely good advice.

I would only add: don’t worry about marketing at all.

I know, this may sound counter-intuitive in a time when book discovery has become incredibly difficult given the large number of available titles – more than 4 million in the Kindle store alone.

The theory that the “cream rises to the top” and that the best books will be inevitably discovered has proved wrong time and again. A book, to be properly launched, needs strong marketing. A push. And of course, be ready to do it when the time comes but don’t overdo it, and especially not at the expense of your writing time.

You can always do some more book promotion later, if and as needed. It may take longer for you to be recognized, but at least in this digital age, indie writers have an advantage over traditionally published authors of the past: their books don’t disappear from book stores after three months, digital versions stay in the cloud forever, they have a so-called “long tail” that is (eventually) working for them.

This simple technical fact ensures that your books remain available on Amazon and other platforms as long as you, the author, don’t retire them.

So hang on in there!

And Happy 2016!

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Filed under book marketing, genre fiction, Publishing, Uncategorized

Amazon Has Done It Again for Self-Publishing!

The wonderful case of Swedish self-published author Carl-Johan Forssen Ehrlin is there to prove it! Thanks to Amazon, this author, a psychologist who has founded a psychological coaching company and published several “help” books in various genres since 2006, has hit the jackpot.

News came out in this summer that something strange was happening on Amazon’s printed books best selling list: big best-sellers from established authors (like Harper Lee‘s Go Set a Watchman) were being displaced from their top position by a book for children from an unknown Swedish author with the weird title The Rabbit Who Wants to Fall Asleep – a book specially designed to lull restless children to sleep.

The news were repeated in the press both in America and in the UK (for example, here and here, both pieces dated August 15) and now the New York Times has just learned that in September Mr. Forssen Ehrlin had landed a juicy deal for multiple books, including re-issuing his first book unchanged (but on better quality paper), with one of the Big Five: Penguin Random House no less.

The interview he gave to NYT is an eye-opener. Curious? You can read it here.

So what is the secret of Forssen Ehrlin’s success?

To begin with, a huge number of readers’ reviews – now already over 900 on Amazon.

Next, a well-orchestrated presentation. The NYT felt the illustrations looked a little “amateurish” – perhaps they do, but Penguin Random House is (wisely) maintaining them and (I personally think) they have a lot of charm, and obviously a lot of readers have felt the same way. As they say, if it ain’t broke, don’t fix it.

Also, an attractive, professional author website. Take a look here and see for yourself. The site is as much about the author as it is about his books, well balanced, convincing.

Last but not least, an unique sales pitch. The author presents himself as a trained psychologist and life coach, someone “in the know”, who can help parents in the delicate task of relaxing their children at bedtime. His book meets a broadly perceived problem, et voilà, you have a best-seller on your hands, with desperate parents loading up on the book!

Perhaps the most extraordinary aspect of this story is the fact that this is NOT A KINDLE SUCCESS STORY. It’s a Create Space success, Amazon’s service for self-publishing printed books. 

We’ve been used to read about Amanda Hocking, Bella Andre and Hugh Howey –  they all made it first by hitting the Kindle’s best selling lists.

Carl-Johan has done it differently, with a printed book.

And, not content to break new ground format-wise, he’s done it genre-wise too. This is not a romance, this is not a thriller or science-fiction, it’s a children’s book.

Congrats Carl-Johan, well done!

 Carl-Johan Forssen Ehrlin’s website (Screenshot)

PS. This story can also be construed as another confirmation that the digital format is not particularly adapted to children’s books. Mr. Forssen Ehrlin was wise to choose a printed book format, that is what parents want to do with their children, sitting on their bed after dinner, thumbing a book…

Your views?

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Free Book Promotions Are Not What They Used to Be – Lessons Learned and Tips for Success

A lot of people won’t go free with their books, they think it’s degrading. They’ve worked hard, sometimes for years (I know I have) and it just breaks you inside to give away the result of your sweat and tears for nothing.

Plus we all know that anything not paid for is not taken into consideration. It hurts to give your baby away and it’s not even appreciated. A double whammy!

So why do it at all? Three reasons:

1. On Amazon, it helps to populate  that screen “Other Customers Also Bought” with books similar to yours – and therefore, your own book is also on someone else’s book page and gets additional exposure. And for indies, Amazon matters, it’s the place where they sell most of their books.

2. If successful – but you need to have 10,000 downloads and over – it helps to draw attention to your book and earns you bragging points that you can use with an eventual publisher or a literary agent if you happen to be looking for one.

3. There may be possible ties between Book Promotions (0.99 cents and free) and reviews, jumpstarting a wave of reviews on your book.  That can work into a huge breakthrough. More about that later.

As those who follow me here know, I did my own free book campaign last week, for Gateway to Forever, from 4 to 8 November and I wanted to share with you how it went. Compared to 2 years ago, the campaign was a dismal failure: the number of downloads was 75% lower ! I’m not kidding, the number was one fourth of what is used to be.

Conclusion? The market is obviously saturated, people have their e-readers bursting with books – so many that it is likely they will never get around to reading them.

Or will they?

There is a silver lining: since fewer free books are downloaded now than in the past, it means that the people who add them in their e-readers actually mean to read them!

Noteworthy is veteran, best-selling author Elizabeth Spann Craig ‘s opinion in this regard. This is what she recently wrote on her blog:

The only thing I’ve done with my self-pubbed books to garner reviews is to run sales.  I didn’t advertise the sales in any way…not on my blog, newsletter, Twitter, Facebook…nothing.  I just ran them.  The free promos tend to garner more reviews than the $.99 promos.
Pros with this approach are that your book finds its way into the hands of new readers.  Many of these readers tend to write reviews (expect them usually a month or so following the sale).  It’s free, unless you’re counting the cost of the lost sales (I like to think of that loss as a form of unofficial advertising). I put books out for free by making them free on Smashwords and then Amazon price matches.
The only con with this is that you sometimes hook readers who don’t read your genre and, perhaps, don’t even like your genre. They will sometimes write reviews too.   I think that most readers are savvy enough to realize that these types of reviewers simply don’t care for those types of books.
I got in touch with her and asked her whether she could illustrate this experience with some specific examples and here is what she said:
Hi Claude–Free absolutely worked better a couple of years ago than it does now…no doubt about it.
It usually takes about a month, I’ve noticed, although some speedy readers will leave them sooner.
As with everything in this business (heaving a big sigh here) there is not enough data on what works so my analyses on what works have been purely observational.
Here’s the evidence I’m working with (and I’ll use a recent example, since it’s freshest in my mind). The book that has been free most frequently is Dyeing Shame and it’s at 617 reviews right now. I’d “gone off” free mentally for a while last year (read a bunch of anti-free blog posts that influenced me) and I never put a 2013 release, “Death at a Drop-in,” out as free…it had only 54 reviews (which is pretty staggeringly low for that series).

Realizing I needed to do something (it was selling poorly), I decided in mid-October to run a free promo on it.

Now it has 27 more reviews (already…although I’m expecting more for later in November, since it does usually take about that long for folks to read and review).
And…I’m realizing it’s still free. 😦 And I even put a reminder on my calendar…will have to go in now and change it. But getting it to 81 reviews is worth it.

Please note something amazing here: She didn’t advertise her promotions in any way, either on Twitter, Facebook or on her (well-read) blog and I find this both extraordinary and…very wise!

Lessons learned?
1. Advertising does.not.work. Don’t tweet, don’t buy ads, most of them don’t work. Yet, I’ve got fellow writers happy with their ads, and it seems that certain advertisers are very good to help you reach out to new readers: for the US market, Bookbub and Kindle Books and Tips, and outside the US, Ebooks Bargains UK. One friend, using Kindle Books and Tips recently got 4,000 downloads, good for him!But there’s a catch with the better advertisers: for example, on both Bookbub and Kindle Books and Tips, you need to have 8 customer reviews and at least four 5-star reviews in order for them to accept your ad. I had four 5-star reviews but I didn’t have a total of 8 reviews, so they didn’t allow me to use them, sigh…I did try to advertise on Facebook. I boosted a post written under my alter ego on Facebook (I’m that blue guy called Boomer Lit – the logo of my Goodreads group that I set up two years ago to discuss Boomer Lit and that has now over 500 members). It had 18 “organic likes” before I boosted it (at a cost of $40) and a day later, on the fourth day of my free book campaign, it had over 4,400 “likes”, see the screenshot I took showing the result:

So I rushed to my Kindle Direct Publishing dashboard to check out whether the FB boost had had an effect on the number of downloads. I’m sorry to have to report, the impact was…Zilch! Nothing, zip, nada. If anything the number of downloads was way down that day, half of what it had been the day before.

 2. “Soft” advertising works better. I believe that Goodreads works (marginally) better than Facebook. They allow you to set up an “event” to tell your “friends” on Goodreads that you have a promotion (see here). Of the over 900 friends I’ve got, 13 (!) answered yes. That’s not much of a response, but it’s better than nothing. Presumably a lot of people click on the Amazon link to the book without telling you that they did.

As every marketing guru in the publishing business will tell you, what works best is the personal newsletter you send to all those who’ve signed up for it, and my experience seems to confirm it. Both the percentage opened and number of clicks was about double the industry average (around 40% opened the letter and 4% clicked through). And I’m sure a lot of my fellow writers do even better – please share your experience with us in the comments!

3. Free book promotions work better than Countdown Deals 
I’ve run two countdown deals for Gateway to Forever, one in the US and the other in the UK – alas, Amazon has not set it up for any other marketand I’ve noticed the results were (1) identical in te US and UK and (2) much lower on average than a free promotion, about half the number of downloads.


4. Free promotions work better than 99 cents. That is Elizabeth Spann Craig’s experience and it tends to be confirmed by my own experience with Countdown Deals (they are never free, they are simply daily discounts, starting from 99 cents and working your way up back to the original price).

5. The Best Days to go free are Monday and Tuesday. In fact, week-ends should be avoided, people tend to stay away from Internet, they go hiking, they do to discos or whetever. But on Saturday already my downloads were way down, about 20% of what they had been on the first day (which was a Tuesday).

Hope this information helps you.  And do share your experience, I’m eager to hear from fellow writers!

And if you’ve downloaded my Gateway to Forever, I hope that you are enjoying your read and if you do, please share your opinion with your friends, both on the Net and in the real world. If you missed out on the free campaign, you’re still in time to grab your copy at a highly discounted price ($2.99 – click here). Hey, I don’t plan to leave it that low for long, I really believe that it deserves to be sold at a higher price…

Alice, (one of three protags in Gateway to Forever) really expresses the way I feel about free promotions (chuckle!)

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What Makes for an Expert Book Review

The joy when a reviewer “gets” your book!

This morning it happened to me and I wanted to share this joy with you. It concerns my latest book, Forever Young, my climate fiction set in the near-future – well, not so near, 200 years from now because that’s the time I figure it will take for mankind to face extinction on Earth. Contrary to most science fiction and climate fiction that set environmental and societal catastrophe at some 40 to 50 years ahead, I wanted to give my novel a chance to be plausible: I really believe this final disaster will require about 200 years to mature…

So here is what Australian author Alana Woods wrote (that’s her picture – not me!):

“Some time ago I read Nougat’s short story compilation Death on Facebook, Short Stories for the Digital Age and was impressed with the range of stories and the skill with which they were presented. One that caught my imagination was I will not leave you behind, the futuristic story of a 122 year old woman who is part of an elite program that keeps you young until you die. In FOREVER YOUNG Nougat has taken that short story and woven its premise into a four-part series of short novels I enjoyed reading very much.
     The over-arching theme is the approaching doom of Earth from climate change. The story is set 200 years into the future and what becomes apparent very quickly is that humankind never did learn the lessons of what it would take to save the planet. Everyone, including big business, is still only concerned with the present and what they can get out of it for themselves. People are still divided into the have’s and have not’s, only now the have’s—called the OnePercenters—can afford to have old-age and illness permanently eliminated right up until death, whereas the have not’s—the 99PerCenters—continue to struggle as we struggle in this day and age.
     The story and struggle is told through three characters who all aspire to be a OnePercenter, highlighting the fact that even in Earth’s extremis we’re still only concerned with what advantages we can garner for ourselves.
You can come away from reading this series feeling a great despair for where we’re heading. The alternatives that the author presents, that of leaving Earth to inhabit a new planet and starting again, or remaining and hoping Earth regenerates itself, are stark contrasts.
     A thought-provoking, confronting read.”
      The review came as a total surprise and most welcome after I had received an awful review sarcastically titled “the future isn’t futuristic”. For this reviewer, my book “didn’t work at all” because “many of the same technologies that we use today are still prevalent. How many things popular 200 years ago, even 30 years ago are still in use today? It was not a forward-thinking, imaginative conception of the future and I just didn’t buy it.”
      Not a “forward-thinking” conception of the future? I was crushed, I felt totally misunderstood. How could this reviewer not see that this was the whole point of my book? The “future” she yearns for does come in Forever Young for the ultra rich but only for them because they are the only ones who can afford the advances of science. Alas, it does not come for the rest of mankind, no one can afford the technological innovations the rich are enjoying!
      Is that so unrealistic? I don’t think so. Consider further the argument she makes that many things “popular 200 years ago” are no longer in use today. Quite frankly, that argument doesn’t hold water. Anyone who has travelled in the Third World knows how the poor live, in conditions that are barely better than those prevailing in medieval times, no electricity, no running water, no public transport and only wood or dung to cook.  And billions of people live that way, nearly half of the world’s population lives on less than $2.50 a day, and according to UNICEF, 22,000 children die each day due to poverty.
Collecting millet in Darfur (this woman has 5 children) UN photo library
     This is why Alana Woods’ review was so welcome, she “got” it, that social difference between the poor majority and the rich minority – a trend that I think will only be exacerbated if we continue on the road of income inequality on which we have embarked (and I’m not the one saying it, Thomas Piketty is, in his Capital in the 21st Century – I highly recommend reading it).
     What fundamentally differentiates Alana Woods’ review from the other one is this: it’s not a customer review that simply states “likes” and “dislikes” (unsubstantiated phrases like “I didn’t buy it”) but a carefully thought-out review that examines the book’s premise and follows how it was developed, critically analyzing it.
     I also deeply appreciate Alana’s review for another reason: she is a demanding critic and, as she puts it on Amazon, “I like to choose the books I review.” In this case, she certainly chose my book, I was surprised when she told me she was reading it (she’d picked up the first book in the series for 99 cents) – I was surprised and pleased. Because she is truly a professional writer who knows the art of writing. She is the author of a guide to writing good fiction, chock-full of good advice:
     Jason Mathews considers it “the best guide for indies” and hosted her on his site to discuss it with two other authors, Lisa Grace and Samantha Fury:

 
     Alana Woods is not only an excellent literary critic but a remarkable writer in her own right, “the queen of intrigue”. Three of her books are currently available on Amazon, two award-winning literary suspense novels and an intriguing collection of short stories:
 
Visit Alana Woods on Amazon, click here
     If you are wondering why she hasn’t published more books, that’s because she is very demanding of herself. As she puts it: “I’m a storyteller from way back but not a prolific producer like other authors. It can take me years to be satisfied with the quality of a story and my telling of it.”
     Right.
     To take years to be satisfied with one’s manuscript is the mark of  a careful, professional writer but also of one who respects her readers. It think that’s remarkable and I believe more indie authors should take Alana as an example and think twice before publishing. There are times when I wish I hadn’t rushed into self-publishing and waited for my books to “ripen” until they were ready. 
      Good writing takes time, and now (I think) I have learned my lesson and no longer publish too soon. How about you? Has it ever happened to you to publish a book only to discover six months later that it could have been better? Have you ever had the urge to revise it and upload a new, better edition?  I plead guilty to having done that and would love to know whether you’ve done it too! 
 

 

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To Publish AND Perish – Will the Tsunami of e-books Destroy our Culture?

This article was published on Impakter (under my real name, Claude Forthomme):

https://i0.wp.com/impakter.com/wp-content/uploads/2014/08/paisaje15-1050x582.jpg

To Publish and Perish

on 20 August, 2014 at 09:00

Amazon and its 3.4 Million E-Books: the End of Culture?

For a long while now, people have debated how many e-books Amazon carried it in its Kindle Store, because Amazon has never divulged the data. Some daringly ventured the figure of 1.5 million. Wrong! The real figure is close to 3.4 million and I found it by chance, as I was navigating Amazon’s website for Amazon Associates which provides links, banners and widgets you can upload to your blog to help advertise Amazon products.
Here it is in a screen shot I took on August 19, 2014:
Look at what the red arrow points to: “Results from Amazon Kindle Store…3,376,174 . Three days later that figure had grown by over 9,000 units and stood at 3,385,243, climbing ever closer to 3.4 million. This means that everyday over 3,000 titles are added, that’s over one million books per year – and probably growing at an exponential rate that I cannot calculate for the moment; I haven’t got the data though Amazon does (I wonder whether they are as scared as I am).

Or to put it another way: It takes one hour to add 12 books, one new title every five minutes.

You can bet that in 10 years time the number of titles in the Kindle Store could be anywhere between 20 and 40 million books.

This is as many books as Google is said to have scanned globally, drawing from all the world’s libraries (the latest reported figure dates to last year and was 33 million books).

Surprised? I’m not, not really. Internet guru Jaron Lanier, in his fascinating book “Who Owns the Future” suggests that we should eventually expect as many writers online as there are readers. If he’s right (and there’s not reason to believe him wrong), we still have some way to go. But it will surely happen, and probably sooner than you think.

When that happens, what will the e-book market look like? Lanier reminds us that this is what happened to music already.

Are books like music? Not quite, books are a more complete codification of ideas, they can play on emotions the way music does (for example, a romance novel or lines of poetry) but they also encapsulate ideas and ideology (from Hegel to Marx to contemporary thought gurus, like Lanier himself).

So can we expect our culture to get crushed under the numbers?

Again, Lanier tells us how he sees the future. Books will be increasingly linked to devices – think of how the rise of e-books was linked to the Kindle. When that happens, says Lanier: “some good books from otherwise obscure authors will come into being. These will usually come to light as part of the rapid-growth phase, or “free rise” of a new channel or device for delivering the book experience.” He doesn’t say it, but of course Amanda Hocking and John Locke‘s sudden rise to fame immediately comes to mind. They enjoyed a “heightened visibility” on the Kindle, as they were “uniquely available early on on that device.” And Lanier to conclude: “In this way, an interesting author with just the right timing will occasionally get a big boost from a tech transition”.

Is that good for authors? No, says Lanier, “the total money flowing to authors in the system will decline to a fraction of what it was before digital networks.” The future reserved to authors is exactly the same as what musicians are facing today: “Most authors will make most of their book-related money in real time, from traveling, live appearances or consulting instead of book sales.”

Authors in future will be a vastly different lot from what they are today, no more hiding in the ivory tower as “independent scholars”

Read the rest on Impakter, click here.

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