And now for the news.
Highlights from this month in the world of self-publishing:
- Burden of COVID-19 on the Market & Rehabilitation Plan| Publishing Market 2020-2024 | Growing Popularity of E-Books to Boost Growth
In their recent press release, the industry data analyst Technavio has published some insights on the trends that they observed in the global publishing industry throughout the first half of 2020 and some they expect to continue to develop through the end of the year–and then onward through 2024. The release opens with the statement that “Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities.” That tantalizing statement is a preface for (paid) access to their full report, although the do offer a free sample report that is definitely worth seeing. (Infographics really are our friends!) From what we can gather, print sales are lagging across many genres and ebooks are again rising in popularity to offset that, likely as a result of bookstores struggling to put print books into peoples’ hands by way of bookshop browsing. Consider this your annual reminder to seek out new ways to partner with your local bookstores–and to diversify the ways and means that readers can lay their hands on your books!
In an article for Entrepreneur that was picked up later by The Hour and other online platforms, Lucas Miller of Echelon Copy LLC shared six common errors that self-publishing authors frequently make when breaking into the business. We won’t spoil the whole article for you, as it is truly worth a read on its own merits, but we were particularly struck by how no. 5 (“Forgetting print and digital formatting”) reinforces what we just noted above in our review of Technavio’s report: if you want your self-published book to thrive during the era of social distancing, making sure you have multiple avenues–Amazon, Barnes & Noble, Bookshop.org and indie bookstores, and so forth––to purchase your books is important, and so too is making sure that you have a range of formats–ebook, print, print-on-demand, audiobook, and so forth–available to suit the needs of your readers.
Our last news that we’re going to feature this week is specifically relevant to those indie authors based out of the US who use the program Substack for their newsletters, and since Substack continues to grow in popularity, we thought it worth a mention here. Brian Heater of TechCrunch covers Substack’s latest move, launching Defender to assist in (lacking a more specific term) defending the legal rights of indie authors. As Heater puts it,
In the worlds of journalism and publishing, it’s fairly common for the wealthy to attempt to shut down reporting with legal threats. For those publishing on large platforms with plenty of resources, such challenges can be a massive headache. For independent writers and publishers, on the other hand, the consequences can be far more dire.
If you use Substack, take a look at Heater’s full article. Hopefully other newsletter platforms will follow suit!