Book publishing -- The term publishing means, in the broadest sense, making something publicly known. Usually it refers to the issuing of printed materials, such as books, magazines, periodicals, and the like. There is, however, great latitude of meaning, because publishing has never emerged, and cannot emerge, as a profession completely separate from printing on the one hand and the retailing of printed matter on the other - Columbia Encyclopedia, Sixth Edition
At my day job I do a lot of research into different markets and industries in order to understand a product or technology I'm reviewing. I need to establish where the product fits into the marketplace, what its competitors are and who's talking about it. I ran across this report, BOOK PUBLISHERS, by Research and Markets and I had to share since it addresses the publishing industry. As I've mentioned in previous blogs, as a writer you can't just "write" anymore -- you need to be the CEO of your writing career and know how the publishing industry works -- marketing, PR and even finances (ugh your taxes). You need to know where you fit into the publishing industry so that you can sell yourself and your book.
The US book publishing industry consists of about 2,600 companies with combined annual revenue of about $27 billion. Major companies include John Wiley & Sons, McGraw-Hill, Pearson, and Scholastic, as well as publishing units of large media companies such as HarperCollins (owned by News Corp); Random House (owned by Bertelsmann); and Simon & Schuster (owned by CBS). The industry is highly concentrated: the top 50 companies generate about 80 percent of revenue.
Demand for books is driven by demographics and is largely resistant to economic cycles. The profitability of individual companies depends on product development and marketing. Large publishers have an advantage in bidding for new manuscripts or authors. Small and midsized publishers can succeed if they focus on a specific subject or market.
Publishers produce books for general reading (adult "trade" books); text, professional, technical, children's, and reference books. Trade books account for 25 percent of the market, textbooks 25 percent, and professional books 20 percent.
About 150,000 new books are published in the US every year; however, most are low-volume products. The number of books produced by major trade publishers and university presses is closer to 40,000.
Showing posts with label Marketing. Show all posts
Showing posts with label Marketing. Show all posts
Tuesday, May 11, 2010
Monday, October 26, 2009
Writer Connections
There are three rules for writing the novel. Unfortunately, no one knows what they are. -W. Somerset Maugham
Writing is a lonely pursuit and you can spend years, staring at your computer, creating imaginary worlds in your mind, translating them onto paper. When you’re brave enough, you venture out and meet other writers, the only other souls who understand what it is exactly that you do (and why you aren’t on the NYT best seller list YET) One of the best organizations for connecting and networking with writers is the SCBWI -- the Society for Children’s Book Writers and Illustrators. Our local chapter is headed by the amazing duo of Margaret Speaker Yuan and Colette Weil. I met them at a writer’s retreat they put together four years ago and their support and advice over the years has been incalculable.
This past Saturday a group of 100 plus authors came together at the SCBWI Fall Conference hosted at Mills College in Oakland. The keynote speaker, Stephen Mooser, is President and co-founder of SCBWI. His talk, Getting Young Readers to Laugh, was a practical approach to writing for young readers and he outlined ways to inject humor into your work – which has helped him get the attention of boy readers and kept them reading. Kelly Sonnack, a literary agent from Andrea Brown Literary Agency, spoke about Capturing a Child’s Voice. She brought great samples of how to get into a child’s head and write from their perspective – voice is one of the toughest things to nail down – it’s like riding a bike, difficult to figure it out, but once you do, it’s like you always knew how. Voice is what gives your writing it authentic fingerprint; it animates your characters with a unique personality that is an extension of your point of view. It grabs the reader’s attention hooks them into your story.
Sarah Shumway, Senior Editor at Harper Collins highlighted the importance of First Pages: Tips and Techniques. She discounted common convention that your book needs to jump right into action, or meat of the story; slower starts are okay as long as they hook the reader in and keep them reading. She read and critiqued a group of pages turned in by conference attendees. Grammatical mistakes are a sure fire way to get Sarah to stop reading – if you can’t use spell check she’s not going to waste time on your manuscript.
Luan Stauss, owner of Laurel Bookstore, provided awesome insight on how to work with local booksellers to promote your books. As writers, our job is to write great books, and in turn a booksellers job is to sell your books, which benefits both. According to Luan, Indies can support authors through hosting author events and handselling your book. Book an appointment with your local bookstore so that they know about you, their local author – it’s a win-win situation!
Barbara Fisch and Sarah Shealy have twenty years experience in the publishing industry and launched Blue Slip Media in March 2009. They gave great tips through their talks -- Niche Publicity and Marketing — How to Tap Unusual Markets and What to expect when you’re expecting . . . a Book: How to Partner with Your Publisher in Marketing Your "Baby". At a time when publishers are stretched thin and have limited resources to spend on marketing campaigns, it falls on authors to get creative – They spoke about effective press releases, targeted mailing lists, niche and local market outreach, and event planning. They stressed the importance of pursuing online media (Facebook, blogs, twitter, etc.) and tapping into personal networks. One of the best pieces of advice they gave was to act professional and Be Nice – it’s easier to catch flies with honey rather than vinegar!
So if you’re a writer, lurking at the back at your local cafĂ©, isolated, alone, I urge you to join a writers group, such as the your local chapter of SCBWI. You’ll meet great people and have the opportunity to attend interesting, informative events.
Labels:
Agents,
Conference,
Editors,
Indie Booksellers,
Marketing,
SCBWI,
Writing
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