Choose Among Book Publishing Options Carefully

Considering choices for book publishing options

Photo by frank mckenna on Unsplash

 

Many aspiring authors I talk to think that traditional publishing, where you sell your book to a publishing house, is the ultimate in book publishing options. While publishing brands like HarperCollins or Random House do maintain a prestige factor, today there are many more book publishing choices, offering a wider range of services than ever.

The objective of this post is not to make an argument for or against any particular publishing option. First, I don’t think there is a definitive “right” choice. Instead, I want to provide information about the choices you have. And second, to make your best decision, you need to know the differences among publishing options and assess where you are on the author spectrum, in terms of skill and audience.

First, a few questions to ask yourself

  • Am I a first-time author?
  • What is my writing skill level? (with third party input from an expert or experienced writer)
  • Do I want to sell a lot of books or do I just want to get my book in print?
  • Am I already well-known as an expert on my subject aside from my writing?
  • Do I have a website or blog related to my book topic with a large, engaged following (thousands) already?
  • How much control do I want over the editing and look of the final book?
  • Do I have one book in me or can I write an ongoing series of at least three titles?
  • Do I want complete responsibility and control in marketing my book?
  • How much do I want to spend on publishing and marketing my book?
  • Am I willing to hire an agent and pay them to pitch my manuscript?
  • Is it important for my book to get out to the market now, because of the timeliness of the topic?
  • Do I want to earn a higher percentage of each sale or am I happy with a smaller cut to take a shot at bigger sales volume?

Traditional: Be sure you really understand how these publishers work

The idealistic view of being signed by a traditional – or full-service – publisher can seem like every writer’s dream. Your book proposal or manuscript is accepted and a multi-thousand-dollar advance follows. Professional editors and book designers then work with you to polish your book for sale. Soon you might be on a book tour, visiting shops and media outlets to talk about your story and prime the pump for release. With the publisher’s marketing and distribution clout behind you, sales rev up and royalty checks soon follow.

Authors report that the reality is quite different. The speakers I’ve heard in the business-of-writing group I attend really discourage all but a very select few from trying to sell their work through traditional publishers. They also point out that publishing industry trends are stacked against new authors, especially with publishing industry consolidation and declining employment. Book publisher employment declined by about 20,000 from 2009 to 2015 (Statista). That means pressure on the bottom line and less time for everyone still working in publishing to read and find new authors.

If you still think a traditional publishing house might be right for you, here are some key things to know:

  • Examples: The “big five” of HarperCollins, Hachette, Macmillan, Penguin Random House, and Simon and Schuster
  • Need to retain and pay an agent with good connections to pitch and sell your book to the publisher
  • Good choice if you have a strong author brand, and existing readership or fan base (what they call the “author platform”), rather than your talent or the quality of your story
    • Active social media following
    • In-demand as a speaker
    • Online audience built with website
  • Some prestige factor and easier access to reviews
  • Focus is finding mainstream blockbusters, not niche topics or audiences that don’t pencil out for them
  • Covers upfront cost of publishing
  • Distributions to all mainstream stores and ordering channels
    • If it doesn’t sell, returns come back or sold at heavy discount
  • Long lead-time: Typically 9-12 months to get it into print
  • They will help some with marketing, but still need effort by author
  • Part of what they buy is control of the finished work
    • They edit and produce final manuscript
    • They choose cover art
  • Advance is only that, and must be earned back from royalties before you earn more
    • Pay you royalties – typical is about $1 per book
    • Alan Jacobson, bestselling author with 9 novels, says typical paperback: 8% of retail price on the first 150,000 copies sold, then 10% thereafter.
  • Some agreements require that you purchase a set number of copies at wholesale (approx. 50% of retail price)
  • If you go this route, get help from publishing experts to help you negotiate and finalize the terms of your deal.

For more insight from an author who opted out of full-service publishing, read “Why I Left Traditional Publishing in Favor of Self-Publishing” by Stephanie Chandler. Ms. Chandler opted for a hybrid publisher, IngramSpark.

Hybrid: A growing number of companies provide new options

Several new book publishing options have popped up in the past few years that offer a lot of help and automation when it comes to publishing your book. According to the Independent Book Publishers Association: “Under the hybrid business model, authors help subsidize the publication of their book while the publisher is responsible for producing, distributing, and ultimately selling professional-quality books.” (See link below to news of IBPA setting standards for hybrid publishers.)

In addition to a low, entry-level price, these services typically offer an ala carte menu of add-ons like editing, book store distribution, catalog availability, and promotional services. It will cost more than doing it all yourself, but can be well worth the time and effort saved on your part when you want help, rather than having to navigate the process on your own.

  • Examples: IngramSpark, FastPencil
  • Inexpensive way to gain distribution channels – IngramSpark $49 for e-book and print on-demand (POD)
    • Data feed to partners and Ingram catalog
    • Ordering channel for 39,000 retailers worldwide – hardcopy
    • Online to 80 e-book outlets
    • Retailers, libraries prefer this way to purchase
  • Higher percentage royalties than traditional, but lower than self-publishing
  • Print-on-Demand (paperback or hardcover) – no inventory, no warehousing, easy updates
  • Quick turnaround from submission to in-print (days)
  • You do your own marketing
  • Better for niche audiences that don’t make sense for traditional publishers
  • Test the marketplace, then print later if demand develops
    • Easy to experiment with pricing
  • You supply full PDF for print; EPUB file & JPG cover for e-book
  • Get paid when partner orders books (list price minus 30% discount minus print fee)

Independent: The do-it-yourself choice

The good news: this option is available to anyone with a willingness to dive in and learn how to format their manuscript and upload it (and that’s getting easier all the time). The bad news: pretty much the same thing.

Everyone can publish on their own at virtually no cost, so the term “self-publishing” is now equated with low quality. As a result, you’ll face a credibility problem even before the first page is read.

That problem is why “indie publishing” has supplanted “self-publishing” as the preferred industry term among more serious authors. I read one article that explained the change with a comparison to the music industry, where “indie artist” is used, not “self-produced.”

An indie author is what you want to be, not self-published, which lumps you in with vanity publishers (think garage full of boxed books) and other routes authors take when no other alternatives are available.

But the issue of generally poor quality also represents an opportunity for you. If you put in a little extra effort to bring your book up to professional standards, you can separate yourself among the 800,000 (and growing) independently-published books annually.

To help you, the IBPA has produced an “Industry Standards Checklist for a Professionally Published Book.” Follow it, and then when you submit your book for reviews or online, make sure people know you have. IBPA provides industry standards “seal” artwork to put on your website or promotional material for that purpose.

Also, industry icons like Publishers Weekly used to ignore “self-published” titles entirely, but now are changing their outlook as the indie author tidal wave washes over the industry. Booklife by Publishers Weekly is a dedicated website and section in the magazine focused on promoting indie authors. Basic listings are free, but Booklife also offers affordable paid opportunities to attract reviews and promote your book.

Key points to consider for indie publishing:

  • Example: CreateSpace or Smashwords
  • Lowest cost option
    • Just time and effort of properly formatting and uploading
  • Quick turnaround from submission to in-print (days)
  • Formatting for submission is getting easier with apps like Kindle Create
  • Success requires being entrepreneurial and running your “writing business”
  • You do your own marketing
  • Set your prices and get major portion of royalty, paid directly to you
  • Print-on-Demand (paperback or hardcover) – no inventory, no warehousing, easy updates
  • Test the marketplace, then print later if demand develops
  • Easy to experiment with pricing, offer deals
  • No easy access to distribution channels

 

Traditional publishers’ role as the gatekeepers of the industry is diminishing by the day. You have more good book publishing options than ever before. Prior to making your choice, be realistic about your book, where it fits in the market, and your status as an author on the scale from beginning to well-known. Then also be realistic about your skills in writing, editing, formatting, and marketing. Get help where you need it and you’ll be further along in your quest to share your story and ideas with the world.

A few links to more information on this topic:

It’s OK – Give It Away: Free excerpts and elements of your book build your audience

It's OK - Give away your content first to build your audience.

Photo by Evan Kirby on Unsplash

Some of the text that follows was part of an earlier blog post. I think it is valuable to pull it out into a new post to emphasize its importance in building an audience.

What could be better than giving something of value to someone as a way to start a relationship? Let’s face it, everything from food samples at Costco to t-shirt cannons at sporting events are a daily reminder that all of us love free stuff.

Author and entrepreneur Seth Godin is one famous example of giving away content to promote ideas and build business. His website bio explains that Godin, among other things, writes as an expert on the way ideas spread.

Godin’s promotion of his “Permission Marketing” idea is a classic example of how you can attract an audience for your ideas, products, or services by first offering at least a sampling of your ideas for free. Go to www.sethgodin.com and you’ll see examples in his “Free Stuff” section.

One of Godin’s favorite tactics, met with some skepticism at first but now widely used, is giving away free chapters of his books. He introduced the tactic to successfully launch his first book, titled Permission Marketing, in 1999.  A core tenant of Permission Marketing is that you build relationships with your potential customers (or others you want to influence) before you ever start to convince them to buy.

Build your library of content to attract eyeballs to your ideas

How do you make all that free stuff?  There are a couple of ways to proceed that will attract followers and keep them tuned to the marketing channels you choose.

One way is to begin to write and post articles that communicate your core idea prior to writing your book. The articles will communicate the central hook or differentiating theme that will grab the attention of your audience and build a list of people who’ll buy your book. Then, it might be as simple as combining all these posts into the core of your finished book, with the added step of adding new material and rewriting to form a cohesive work.

Another way is to start right out with the book-writing process, to refine and articulate your ideas. Then once your book is done, but prior to publishing, it can be excerpted and reshaped into valuable free content to build interest within your audience for the coming release. (Feedback on your content may even provide ideas to improve your book.)

Either way, you will build a collection of blog posts, social posts, short ebooks, web content, infographics, and more that you can give away on your blog, in guest blog posts, or through channels like Medium or LinkedIn.

Content Marketing vs Interruption Marketing

If you’ve read a few of my posts, you probably already know I’m a big fan of Joe Pulizzi and Robert Rose and the Content Marketing Institute. The quick-cut version of their big idea is that old-school advertising is dead. Think of “interruption marketing” like the last 30 minutes of a movie on AMC or TNT when they pack in a half-dozen commercial breaks. It’s annoying, right?

Instead, you need to be ready with your “free stuff” (stories) when people are actively looking for what you have to offer. In this way you provide something of value to them as a first step in building your reputation as a trusted adviser or source for what they need.

Far from a new idea, brands like Betty Crocker (recipes) and Sherwin Williams (home decorating tips) have provided free, valuable content to their target markets for decades. But now more than ever, this is the way people want to get their information in the web-connected world.

Experts like Jeff Goins insist that building an audience of tens of thousands of “subscribers” or followers is a necessary step toward successfully marketing your book. Your flow of free articles and stories is how you do that.

But shouldn’t I at least make them register to get access?

Not the first time around.

Nielsen Norman Group, online user-experience experts who continually research this issue, tell us this: “When we discuss login walls in our mobile-usability classes, we frequently get the comment, ‘But it’s only for the first time; the next time we keep them logged in!’ Guess what: there may be no next time.”1

Better to give visitors a little time on your site to poke around and read your ideas first. Then build your subscriber list with a banner or pop-up that gives them an option to sign up to receive additional posts or information by email. The list you build in this way will be golden when it’s time to release your book.

Remember: It’s okay – give it away.

Here are a couple of links to articles providing more info on giving away content and turning your blog into a book:

http://www.huffingtonpost.com/salma-jafri/why-giving-away-free-cont_b_9728134.html

http://www.writersdigest.com/online-editor/7-tips-for-turning-your-blog-into-a-book

 

1 – Login Walls Stop Users in Their Tracks, by Raluca Budiu, Nielsen Norman Group

Long-Form vs “Snackable” Content: No, shorter is not always better

People read and value long-form articles, despite their busy lives.

Photo: Anna Dziubinska

“I don’t know what happened where every marketer thinks their content has to be shorter and shorter.” – Joe Pulizzi, founder, Content Marketing Institute.

Have you heard the shorter-is-better “wisdom” in your marketing meetings? Odds are you have, because it has become one of those things that people repeat as an obvious truth. Yet despite our busy lives, data shows it to be false.

Before I left the corporate world, I know I heard it from supposedly-informed colleagues. Along with these equally false statements:

  • Young people don’t use Facebook anymore
  • Email marketing is dead
  • No blog post should be more than 500 words

That’s not the end of the list, but the point is made without compiling more.

The true value of long-form articles

What’s the truth? The Quartz Global Executive Study discovered something quite different. Quartz calls it a survey of the media habits of the world’s smartest, busiest people. The 1,357 executives participating reported these results when asked which type of content they are most likely to share:

  • 84 percent say they share long-form articles more than any other content
  • Charts and data came in second at 47 percent
  • Videos were cited by 37 percent and breaking news stories by 36 percent

As you can see, there is no ambiguity in these results. People read long-form content and place a very high value on it. (Perhaps equally important, note that written articles are ranked well ahead of video.)

Mr. Pulizzi’s comment at the beginning of this post was made during Episode 180 of the This Old Marketing podcast (at about the 36 minute mark) that he produces with co-host Robert Rose.

Talking to Rose during the episode, he continued with these remarks. “You and I have been ranting about the whole ‘snackable content’ thing. You know, ‘We’ve got to get shorter and our videos are about 3 seconds long now because executives are busy and they don’t have any time…’ What we learn from this study is that executives love long-form articles – long, meaty, informational articles.”

Think before doing the same old marketing things

An often repeated point by Pulizzi is that we should always be asking why we are doing what we‘re doing in terms of marketing. Ask if sales collateral, trade shows, video, and other common tools are really the right tools for your market and product or service. Don’t just plow ahead with marketing activities that you know (or think you know) and are used to using.

And don’t believe marketing “truisms” just because you’ve often heard them.

Effort spent trying to do more of the same old things, may actually be more profitably spent doing new  and different things. The right things, based on what your customers truly consume and value.

So don’t blindly accept that short content is always better. From this study you can see that if you provide real information, with new data and insight, it’s going to be valuable to your customers. If you don’t have time to produce longer articles, find someone who has the experience to research and write on your behalf.

It will be another way to differentiate you and your business, with everyone else on another specious marketing bandwagon. One of so many that marketers climb aboard without thinking.