Friday, 29 June 2012
Possible New Business Model for Authors?
It’s boom time in the world of self-publishing but in the vast majority of cases the creation of any book is a team effort, not a solitary one, however much some of us might wish to the contrary.
Traditionally writers have recruited valuable team members by persuading an established publishing house to join in the creative endeavour, providing financial backing, editorial, design and marketing assistance all in one package.
If self publishing writers want to gain the support of a similarly experienced team they either have to call in a lot of favours, or they have to hire the necessary editors, designers and publicists themselves. The flaw in the argument there, of course, is that without the “financial” contribution of a publisher, not many writers can afford to do that. The result can then be the badly edited texts and badly designed covers which the enemies of self-publishing continually draw attention to, and the low levels of “discoverability” that beset us all.
Everyone is searching for alternative ways forward such as “crowd-sourcing” or “co-operatives”. So, here’s another imaginative business model that has been thrown into the mix of possible ways forward: What if everyone on the team was taking the same speculative risk – like asking actors to work for nothing on the promise that they will own a slice of the box office if the play/film they are being recruited for turns out to be a hit?
The website, http://netminds.com, is the brainchild of Tim Sanders, a charismatic and persuasive business guru and former Chief Solutions Officer at Yahoo. The site is a network of authors, editors, designers and publicists. When an author has an e-book they would like to publish they circulate details around the network, announcing what sort of help they are looking for. If you need a cover designed, for instance, you ask any designers who might be interested to pitch for a place on the team. If you find someone you would like to work with, you then agree a percentage with them. Once the manuscript is ready to publish Netminds takes the project forward, (for their own pre-agreed percentage), and if the book starts to earn money the financial splits are worked out and distributed amongst the various parties by an independent contractor.
It seems to me that once Netminds has a decent sized pool of talent to choose from, the chances of these self-selecting teams scoring a success with a book are much the same as with a book produced through a traditional publishing deal. It is, after all, the same mix of people who will be working on the project, just freelancers rather than salaried employees. The disadvantage is that no one gets paid up-front. The advantage, however, is that the writer remains the prime mover in the game, retains the copyright and should earn more from a hit than would be the case with the traditional publishing model.
It seems like a model well worth thinking about.
Labels:
indie publishing,
Netminds,
self publishing,
Tim Sanders
Tuesday, 22 May 2012
An Amazon Superstore in Every High Street - Called Waterstones
On January 30 I blogged about the possibility of "An Amazon Superstore in Every High Street", (I reproduce the text below). I can now see how it will happen, although it looks as if their stores are going to be called Waterstones, at least for a while.
"An Amazon Superstore on Every High Street": (first blogged 30/1/12)
Despite the fact that millions of us love to avail ourselves of its extremely efficient services, Amazon has taken over from the supermarkets as the “hate figure” of the publishing and bookselling world, apparently responsible for the genteel but inevitable decline of the traditional book shop that we all profess to love but not enough of us support.
Maybe Amazon should make themselves more accessible and cuddly by expanding into bricks and mortar themselves. (I know there has been talk of them creating “Argos-style” pick up points for their products, but I am suggesting something with a little more vision).
If they want to become more loved by the public – and if they are sitting on piles of cash which I assume they are or so many people wouldn’t hate them as much as they do - why not open Amazon stores that are as cool and beautiful as the Apple Stores?
There could be authors talking from big screens or available via headphones like in the record shops some of us remember so fondly. There could be live talks going on by anyone from Jonathan Franzen to Dan Brown if the “footfall” was large enough to attract them. There could be coffee houses that Samuel Johnson would have been happy to hang out in, and reading areas where new models of Kindles can be tried out and newspapers read like in the public libraries we all want to save, (and in the more up-market coffee shops of today where book group denizens already meet and chat). There could be editors, designers and printers available to turn e-books into beautifully printed and bound limited editions.
The underlying elephant in the room of publishing and traditional bookselling is that there simply isn’t enough money in the business to make it viable and buzzy enough to attract the crowds, but is that true now that people buy kindles and iPads and download at the press of a button?
We need to re-invigorate the nation’s town centres and high streets and if Amazon are the people with the money should we not be looking to them to fill the empty spaces with imagination and flair? If they are moving into traditional publishing, why shouldn’t they move into traditional bookselling as well – only with some 21st century style?
Many will hate the idea of course because it is potentially brash and vulgar and might even prove popular with the sort of people who do not usually grace the older style of bookshops – but aren’t they exactly the people most authors want to reach? If the concept is fantastically successful then of course that will lead to Amazon being even more all-powerful and rich – but who else in the words business is rich enough to take the chance of the whole thing being an absolute disaster?
Labels:
Amazon,
high street book stores,
James Daunt,
Waterstones
The Information Tsunami
An article in today’s Times attempts to create a controversy about some books being pushed into storage at the Bodleian Library, while others are being touched by students who might, (or might not), have fingers covered in burger-grease.
The paper cites the cause of the whole problem as being the £100-million which James Martin has donated to Oxford University. Apparently it is the expansion of his Oxford Martin School which has caused this domino effect amongst the archives.
It appears to be a concocted non-story but it set me thinking as to what is going to happen to the tsunami of information that is now being stored digitally as well as in print form?
We are all happily pouring out billions of e-books and self-published tomes on top of the products of the existing publishing industry, but who is actually going to have time to read all this stuff? Who is going to have time to study and catalogue it? Is it possible we are all going to drown in our own knowledge?
The Bodleian Group already cares for some 11 million items on 117 miles of shelving and Lord alone knows how many books are already resting on Amazon’s virtual shelving.
I don’t know what the solution is going to be, but I am quite sure that no blame should lie with James Martin and his extraordinary generosity in the cause of studying the things that matter for our future, although of course the Oxford Martin School will undoubtedly be contributing its fair share to the future knowledge tsunami - and so the wave continues to grow higher.
The paper cites the cause of the whole problem as being the £100-million which James Martin has donated to Oxford University. Apparently it is the expansion of his Oxford Martin School which has caused this domino effect amongst the archives.
It appears to be a concocted non-story but it set me thinking as to what is going to happen to the tsunami of information that is now being stored digitally as well as in print form?
We are all happily pouring out billions of e-books and self-published tomes on top of the products of the existing publishing industry, but who is actually going to have time to read all this stuff? Who is going to have time to study and catalogue it? Is it possible we are all going to drown in our own knowledge?
The Bodleian Group already cares for some 11 million items on 117 miles of shelving and Lord alone knows how many books are already resting on Amazon’s virtual shelving.
I don’t know what the solution is going to be, but I am quite sure that no blame should lie with James Martin and his extraordinary generosity in the cause of studying the things that matter for our future, although of course the Oxford Martin School will undoubtedly be contributing its fair share to the future knowledge tsunami - and so the wave continues to grow higher.
Wednesday, 2 May 2012
Exploring Wattpad's Library
Exploring a little further on the Wattpad campus, (see yesterday’s blog), like some wide-eyed Hogwarts newbie, I came across their library of classics, (supplied, I believe, by The Gutenberg Project). I have now spent an entire afternoon wandering around the virtual shelves picking up and dusting off books, some of which, like The Secret Garden, I probably haven’t read for half a century. From Jeeves to Tarzan, Darwin to Beowulf, it was like stepping back into my grandfather’s library and letting Serendipity be my guide. Was there ever a more glorious way to while away a rainy afternoon?
Tuesday, 1 May 2012
Could Wattpad be the Greatest University of Writing Ever?
As well as being a showcase for indie books, could http://www.wattpad.com/ be the greatest University of Writing ever?
The site is designed to be a sort of YouTube for authors, a glorious, great, free bookstore in the sky, but it seems to me that it could be providing something else even more important than that.
Anyone can put their writings up there and anyone can read them. The books tend to go up one chapter at a time and some of them are read by millions – literally – mainly on phones and other mobile devices. Wandering around this campus in the clouds it is obvious that the majority of participants are young adults, with the odd greybeard amongst them. Millions of young people writing and reading; dispelling the fears of all those Jobs prophesising the death of the written word.
Readers leave comments, just like on YouTube, and the tone seems to be almost uniformly positive and encouraging, like a giant, friendly, creative writing group.
This is a campus filled with enthusiasts for the written word, potentially every English-speaking person in the world who wants to read stories and all those who want to write them, brought together in one place. How brilliant is that?
The books are divided into categories, with genres like romance, fantasy, historical fiction and science fiction receive the most attention, just like in any earthly bookstore. There are also some very useful texts on how to write, (the equivalent of lectures and seminarsif this analogy can be stretched a little further).
The Wattpad people single out the odd book to be “featured”, which is a bit like having your book put on the front table at Waterstones, but apart from that everyone seems to be equal, distinguished only by the number of readers their work has attracted.
Could this be a rather cheery glimpse into the future of books and reading?
Monday, 30 April 2012
What Would George Bernard Shaw be Campaigning for Today?
The Society of Authors has kindly nominated me for its Management Committee. If all goes smoothly and I join the other distinguished committee members I thought it might be useful to have a clearer idea of what it is that we would all like the Society to be doing for authors in these exciting times.
What, I wonder, would George Bernard Shaw, (an early and active member of the Society), be campaigning for if he was around today? What would his views be on e-books and self-publishing, for instance? Would he be championing Amazon for making books so accessible or criticising their monopolistic and capitalistic tendencies? Would he be sympathetic towards struggling high street independents or would he see them as the architects of their own downfall?
If you have any ideas on ways in which the Society should be making itself useful to its members please email me at CroftsA@aol.com.
Below is a short biography which the Society has published in The Author to support my nomination.
Andrew Crofts is a full-time author and ghostwriter. He has published more than 80 titles, a dozen of which have spent many weeks at the top of the Sunday Times best seller charts.
As well as using traditional publishers to reach readers, (including Arrow, Blake, Bloomsbury, Century, Ebury, AndrĂ© Deutsch, Hamish Hamilton, Harper Collins, Headline, Heinemann, Hodder, Hutchinson, Little Brown, Michael Joseph, McGraw Hill, Orion, Pan Macmillan, Penguin, Pocket Books, Sidgwick & Jackson, Sphere and Weidenfeld & Nicolson), he has also experimented with e-books, publishing “The Fabulous Dreams of Maggie de Beer”,(a prequel to his traditionally published “The Overnight Fame of Steffi McBride”), on both Kindle and Smashwords, and has guided a number of international clients successfully through the minefield of independent publishing.
What, I wonder, would George Bernard Shaw, (an early and active member of the Society), be campaigning for if he was around today? What would his views be on e-books and self-publishing, for instance? Would he be championing Amazon for making books so accessible or criticising their monopolistic and capitalistic tendencies? Would he be sympathetic towards struggling high street independents or would he see them as the architects of their own downfall?
If you have any ideas on ways in which the Society should be making itself useful to its members please email me at CroftsA@aol.com.
Below is a short biography which the Society has published in The Author to support my nomination.
Andrew Crofts is a full-time author and ghostwriter. He has published more than 80 titles, a dozen of which have spent many weeks at the top of the Sunday Times best seller charts.
As well as using traditional publishers to reach readers, (including Arrow, Blake, Bloomsbury, Century, Ebury, AndrĂ© Deutsch, Hamish Hamilton, Harper Collins, Headline, Heinemann, Hodder, Hutchinson, Little Brown, Michael Joseph, McGraw Hill, Orion, Pan Macmillan, Penguin, Pocket Books, Sidgwick & Jackson, Sphere and Weidenfeld & Nicolson), he has also experimented with e-books, publishing “The Fabulous Dreams of Maggie de Beer”,(a prequel to his traditionally published “The Overnight Fame of Steffi McBride”), on both Kindle and Smashwords, and has guided a number of international clients successfully through the minefield of independent publishing.
Monday, 23 April 2012
Are Electronic Authors’ Co-operatives the New Force in Publishing?
Marketing books has always been a grand lottery. Millions of titles are hurled out into the market in the hope that enough will catch on to support the majority, which inevitably sink due to weight of numbers and the lack of reading hours in anyone’s lifetime, breaking the hearts of their authors as they go down.
Now publication is accessible to anyone with a computer and broadband connection, but there is still no magical solution to the great marketing dilemma – how do you get your book talked about and heard about when there is so much competitive din going on all around?
One growing trend is the rise of electronic author cooperatives, where groups of writers combine forces to get one another’s, (and of course their own), work in front of potential readers.
“Do Authors Dream of Electric Books?” (http://authorselectric.blogspot.co.uk/ ), for instance, is a group of twenty eight authors, all experienced in different genres. We each blog on an assigned day each month and a diligent core of this band also works tirelessly, and extraordinarily successfully, to promote the site and the books therein and to advise and support one another on the technicalities and tribulations of e-publishing. Guest bloggers fill the other days.
“Awesome Indies” (http://awesomeindies.wordpress.com/ ) is the brainchild of fantasy and magical realism author, Tahlia Newland, where she selflessly reviews and recommends other indie books and authors who she thinks will appeal to her followers. (Here I must declare another interest since Tahlia has given a glowing review to my own indie e-book “The Fabulous Dreams of Maggie de Beer”, which is the vehicle through which I have been discovering this magical world of mutually supportive authors).
At the beginning of June three authors who are involved with the hugely successful on-line writing magazine “Words with Jam”, (www.wordswithjam.co.uk), Gillian E. Harmer, JJ. Marsh and Liza Perrat, are launching Triskele Books with three of their own titles.
Is this not how many of the oldest and most venerable publishing names first started out, with groups of writers huddling together for warmth in a vast and chilly ocean? Is it not a hugely encouraging and inspiring model for the future?
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