Showing posts with label BookBub. Show all posts
Showing posts with label BookBub. Show all posts

Wednesday, December 5, 2018

Pay to Play or Simple Fatigue

I feel I've been on the bench too long. I only released two books under my name in 2018. Alter Ego hasn't released anything in over two years. (She says it's hard to feel and write smexy when we're surrounded by pain, disease and death.) So neither of us are surprised our sales have dropped like the proverbial stone this year after coasting on fumes for the last five.

However, I'm hearing whispers that other indies are seeing huge drops in sales this year, drops they claim aren't due to the usual fall school/holiday downturn. And those that use internet ads (such as Amazon and Facebook) and book deal newsletters (such as Bookbub) are seeing lower returns than ususal. But if they stop advertising, their sales plummet.

From what I'm observing, there isn't any one problem. Here are the situations I'm seeing:

1) Amazon's Latest Updates

Amazon has rolled out updates to their online platform every year between the months of July and August since I started indie publishing. And every year, there's been bugs. In fact, there's a cadre who refer to the following month as Glitchtember as the bugs become known and obvious.

This year's Glitchtember has extended into the rest of the year. Amazon's efforts to force users to go to their country's associated store has led to a slew of books disappearing from the retail platform. What's more unusual is Amazon's admission that there was a problem!

But hey, if you're only selling books on Amazon, and Amazon isn't showing your book as available, you've lost that sale.

2) Online Advertising

It used to be that for a few bucks a day, you could advertise your wares on Google and make a ton of money. But Google uses an auction system for their ads, and as time went on, they sold more and more ads at higher and higher prices.

Then Facebook and Amazon jumped into the online ad business, using the same criteria as Google, and now the same problem is occurring as they, too, saturate buyers with ads. Even worse, more computer users are employing ad blockers to keep the multiple ads from slowing down their machines. Or from annoying the hell out of them.

Now, indie publishers are paying more and more to advertise and seeing less and less returns, but if they don't do ads at all, their sales crash. Resentment at the pay-to-play issue is building, but unfortunately, we're not going to see the free advertising we had in the beginning of the indie revolution again.

3) Bargain Book Newsletters

Amazon cracked down on reviewers and their bargain book newsletters years ago by eliminating their ability to monetize the freebies. As a result, many of those review/newsletter proprietors had to close up shop.

The handful left, like Bookbub, are charging more money to advertise through them and making it tougher to get a spot. And even when an indie publisher gets spot, they're not seeing the long-tail with their other books like they used to. Unfortunately, indies aren't just competing with each other for those newsletter slots.

4) Trad Publishing Copying Indie Methods

Nope, we're competing with trad publishers for those BookBub slots. They pay more, and they have a huge backlist to advertise. If you see a $1.99 book on BookBub, it's probably a backlist trad book.

But trad publishing is copying indies in other ways. Their covers are becoming simpler with titles and author large enough to read in thumbnail size. Backlist formatting is getting better rather than throwing up a cheaply, and shittily, OCR-scanned copy of the mass market paperback. In other words, the trad publishers are starting to get their act together when it comes to e-books.

5) Reader Fatigue

How many of you have downloaded hundreds, if not thousands, of free/cheap e-books? *raises hand* Yeah, that's coming back to bite us writers in the ass. Why buy a new book if a reader has a zillion still waiting to be read on their devices? We have to publish something so unique and brilliant they can't resist us, and that's a damn mountain to climb.

On the other side, something that's personal for me and other middle-age people I know--we're rereading old favorites. Between dealing with elderly parents, our own health issues, and launching our kids into a world that seems to headed for disaster, we reach for the comfort reads from childhood. I know I've been going through the Katherine Kurtz/Barbara Hambly/Mercedes Lackey novels from my teens and twenties while dealing with cancer this year.


So what does this all mean?

It means we have the level playing field we claimed we wanted when the indie revolution started. It means we need to step up our game when it comes to storytelling; we can't rely on gimmicks to sell our wares. It means that the e-book market in finally maturing, and that's not necessarily a bad thing.

My attitude may change when I get back to publishing in January. But for right now, I don't think it's the end of the world.

Friday, October 2, 2015

When Trad Publishers Start Thinking Like Indies

Today's post is a little later than usual because I needed to really think about the situation I want to address. The main difference between trad and indie publishers is their marketing concept: the produce model versus the longtail.

The produce model consists of leaving a book on the brick-and-mortar book shelf for a limited period of time. It makes sense because the physical constraints of the bookstore can hold only so many paperback and hardback items. Trad publishers have view e-books the same way.

The longtail means leaving books (both e-book and POD books which makes sense for indie publishers because of the high cost of a print run and the waste of the return system) available on the virtual shelf forever because computing space is incredibly cheap these days.

Because of the produce model, the trad publishers have licensed rights to thousands of books that they aren't bothering to sell. And they finally noticed this.

Two weeks ago, Publishers Weekly had an article about Simon & Schuster's CEO Carolyn Reidy and her address at the BISG annual meeting. This is the quote that has me concerned as a rival publisher: "S&S makes its backlist title available to subscription services, she said, emphasizing that these services do not cannibalize print sales and that they also drive discovery."

It's not the subscription service part that worries me. It's the fact that she's noticed that S&S has thousands of books they can dump back into the market and not ruin their front list. In other words, a trad pub CEO has noticed the long tail and plans to use it.

Can S&S pump all these e-books into the market at once? No, not when they've cut personnel to the bone. In theory, they would also need to review contracts to see if they have the rights, which would also take time. Big corporations are more likely to put out the e-books anyway and tell the little, powerless authors to go ahead and sue them.

Even when/if a trad published author manages to get their rights back, it takes time to get their books into e-book shape. Kris Rusch has a good breakdown on how hard it is for indies to keep up with only five to ten books. She also points out that trad publishers are now competing with indies for ad space in places like BookBub., which a couple of years ago carried only advertised deals on indie books. They even emphasized in a recent blog how they preferred older books for their adequate reviews. (And I can't for the life of me find the page that I had thought I bookmarked. When I do, I'll add the link.)

And make no mistake, older books being reissued is happening. In today's Amazon Kindle Daily Deal, a book I've been searching used bookstores for ages popped up: Michael Moorcock's The Eternal Champion. $1.99 for the e-book of a novel that was originally published in 1970. The reader is me *SQUEED*. The indie publisher in me said, "Holy shit."

Granted, Titan Books, which has the reprint rights to The Eternal Champion, is a smaller publisher than S&S, but S&S and the rest of the Big 5 could do this eventually. If writers think the indie tsunami ruins their discoverability now, wait until the large publishers get their reissue machine chugging.

If they do. Just because a CEO has noticed a potential revenue stream, it doesn't mean that they'll take full advantage of it. But I really do think this is the last nail in the indie gold rush.

Does that mean we can't compete? Hell, no! But as I've repeatedly said, we have to be better than the trad pubs to get attention. To that end, I'm working on new covers for my books as we speak.

Indie publishing is a business; we have to treat it as such if we want to compete.