Indeed, when the current publishing upheaval began (it seems just a little while ago in the scheme of things) and the conqueror ‘Digital’ came swaggering into the publishing world, publishers were at first completely devastated; then were bombarded by all kinds of options and questions for their very survival!
You can just imagine publishers’ mental angst deciding “Should I get out of this rapidly changing fireball of an industry or should I admit that the old ways are going down the drain and commit to learning a whole new process … dealing, perhaps, with an entirely new and separate tech industry?”
Karina Mikhil (pictured), a publishing executive with a Master’s in Publishing from New York University, has some excellent questions and analyses that will help these publishing execs and their firms reach a viable decision.
From Karina Mikhil in Publishing Perspectives:
Migrating to Digital Publishing? The Six Key Questions to Ask
Here are the six “Ws” you need to ask yourself before transitioning from the old to the new: why, who, what, when, which, and where.
The publishing industry is not generally known for being agile or quick to change, yet it is facing one of its biggest times of change probably since the invention of the printing press. At the heart of this is the migration to digital.
Prior to this migration, a time-tested process and structure existed for getting books printed: from acquisition, copyediting and typesetting, to author reviews and proofreading, to print. Although hiccups occurred and no two companies had the exact same workflow, the foundations were the same and ensured quality products got released in expected time frames.
Whether publishers are dealing with online content or e-books, digital only or both print and digital, publishers are now faced with more questions than answers as to how to incorporate the new with the old. Below I provide a framework for those questions, using the traditional 6 Ws: why, who, what, when, which, and where.
Why?
Of the six questions, this is the easiest to answer. No publisher can afford to ignore the digital any longer: the tipping point has come and gone; more and more e-books and e-readers are being sold weekly; and authors will begin demanding this, if they haven’t already. And traditional publishers need to offer all things digital to compete with the emerging “digital publishers.”
Who?
Even prior to the migration to digital, publishers would do one of two things to keep costs down: outsource as much as possible, keeping headcount down, or the reverse, which is hire talent to keep all services and costs internal. With digital, publishers have to make this decision anew. Should they invest in new talent from other industries (e.g., technology) or in educating existing talent, those who are eager to learn and have a background in publishing? Or should they turn to one of the many conversion and content solutions providers that exist in the market?
What?
Read and learn more
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Showing posts with label eBook contracts. Show all posts
Showing posts with label eBook contracts. Show all posts
Monday, September 12, 2011
Publishers’ Why’s and Wherefore’s When Migrating to Digital (are all the damn apostrophes correct?)
Tuesday, May 18, 2010
"Shaken" Conventional Publishing Economics
This post will give us a peek inside the eBook publishing numbers and authors' royalties!
J. A. Konrath, author of the popular Jack (Jacqueline) Daniels female cop series, has just contracted with AmazonEncore, the publishing imprint of Amazon, to publish his latest entry Shaken in a Kindle edition for $2.99 and a paperback edition for $14.95.
Mind you, this all happened AFTER major New York publishing houses turned Shaken down! Does this show you just how much these traditional publishers DON"T know?

Mike Shatzkin, CEO of The IdeaLogical Publishing Consultant Company and author of The Shatzkin Files Blog, had the most incisive report on this happening:
Author J. A. Konrath, who has been self-publishing on Kindle and reporting about it for quite some time, just contracted to have the latest in his series of novels featuring female cop Jack Daniels published by the new Amazon Encore imprint. Encore was originally announced as Amazon’s way to pick up and feature already self-published books. They apparently bent the guidelines a bit to include Konrath’s yet-unpublished book, Shaken. Amazon will publish the Kindle edition at $2.99 in October and release a paperback at $14.95 next February.
Although Konrath is a media- and tech-savvy author who has published with major New York houses (the Jack Daniels series was previously published by Hyperion), he is not a regular NY Times Bestseller brand. Not only is he not a multi-million dollar advance recipient, he makes it clear that the novel he just signed with Encore was rejected by the New York publishing houses. So Amazon had a low bar to jump to secure him for its Encore line.
Nonetheless, this is a significant jolt to conventional publishing economics. Sales of Konrath’s $2.99 ebook will deliver him about $2.10 a copy (Konrath says $2.04; not sure where the other six cents is going…), as much or more as he would make on a $14.95 paperback from a trade publisher, and significantly more than he’d make on a $9.99 ebook distributed under “Agency” terms and current major publisher royalty conventions. And, however one feels about the degree to which pricing is a barrier to ebook sales, one must assume that the $2.99 price will result in a lot more ebook sales than a $9.99 price would. Many times the sales!
Read more at http://www.idealog.com/blog
J. A. Konrath, author of the popular Jack (Jacqueline) Daniels female cop series, has just contracted with AmazonEncore, the publishing imprint of Amazon, to publish his latest entry Shaken in a Kindle edition for $2.99 and a paperback edition for $14.95.
Mind you, this all happened AFTER major New York publishing houses turned Shaken down! Does this show you just how much these traditional publishers DON"T know?

Mike Shatzkin, CEO of The IdeaLogical Publishing Consultant Company and author of The Shatzkin Files Blog, had the most incisive report on this happening:
Author J. A. Konrath, who has been self-publishing on Kindle and reporting about it for quite some time, just contracted to have the latest in his series of novels featuring female cop Jack Daniels published by the new Amazon Encore imprint. Encore was originally announced as Amazon’s way to pick up and feature already self-published books. They apparently bent the guidelines a bit to include Konrath’s yet-unpublished book, Shaken. Amazon will publish the Kindle edition at $2.99 in October and release a paperback at $14.95 next February.
Although Konrath is a media- and tech-savvy author who has published with major New York houses (the Jack Daniels series was previously published by Hyperion), he is not a regular NY Times Bestseller brand. Not only is he not a multi-million dollar advance recipient, he makes it clear that the novel he just signed with Encore was rejected by the New York publishing houses. So Amazon had a low bar to jump to secure him for its Encore line.
Nonetheless, this is a significant jolt to conventional publishing economics. Sales of Konrath’s $2.99 ebook will deliver him about $2.10 a copy (Konrath says $2.04; not sure where the other six cents is going…), as much or more as he would make on a $14.95 paperback from a trade publisher, and significantly more than he’d make on a $9.99 ebook distributed under “Agency” terms and current major publisher royalty conventions. And, however one feels about the degree to which pricing is a barrier to ebook sales, one must assume that the $2.99 price will result in a lot more ebook sales than a $9.99 price would. Many times the sales!
Read more at http://www.idealog.com/blog
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