Self-Publishing News: 2.26.2019

February concept. stationery and notebook, business background

And now for the news!

Some highlights from this month in the world of self-publishing!

Forbes has well and truly been showing up for those amongst its readership who are self-publishing authors lately, and Amy Morin’s recent piece is yet another example of this excellent representation. Morin, whose website describes her as “a psychotherapist turned ‘accidental’ author,” knows the stakes when it comes to building a brand and crafting resources for others, including books. Morin has traditionally published three books domestically to date, but she understands the value to self-published works as well. In fact, her fifth “way” in this article is to publish a book in the manner most suited to your individual circumstance. Writes Morin:

While some people insist a self-published book is the way to go, others say traditional publishing is more profitable. But, publishing isn’t a one-size-fits-all. It depends on your topic.

If you have (a) small niche market, you may need to self-publish. Then, it’s up to you to decide whether to create a $50 manual or a $l.99 eBook.

She also advocates for traditional publication in other circumstances, but it’s heart-warming to see even this traditionally published author showing up for and advocating for self-publishing.

Good e-Reader is another news platform that has routinely showed up for self-publishing authors, and this week’s article by Mercy Pilkington demonstrates their continued support for authors seeking another way. Pilkington opens by describing just how far self-publishing has come, from origins shrouded in stigma and production difficulties to high-quality works offering diverse opportunities for diverse authors. Pilkington’s article is especially concerned with those authors who self-publish with the goal of having their self-published title or future works picked up for traditional publication. She touches on a recent blog post by powerhouse literary agent Anne Tibbets, who warns authors that already-self-published works are not the best candidates for making that transition, and offers this advice to authors wanting to make the leap from self-published to traditional publication:

Tibbets does offer some advice for seeking a traditional publishing deal, but there’s bad news: the advice itself isn’t new. “Write a whole new book that’s completely unrelated to anything you’ve self published, that’s unsold anywhere, unpublished anyplace (even online), and fits into the traditional publishing categories, sub-genres, and word count requirements, and query agents with that novel.”

We might put it another way: If you’ve successfully self-published a book already, the incentive to republish your book traditionally is marginal (you’re already making bank, and a traditional publisher will cut into your profits). Most people who are self-publishing these days are choosing to do so because self-publishing is the only or the best fit for their book anyway. There are plenty of reasons to self-publish, including the narrow selection parameters traditional publishers employ when picking manuscripts which exclude many high-quality works worth reading. And readers know this! One glance at the comments might well indicate that there’s still some negative opinions floating around in the ether, but a second glance will show that there are readers and commenters going to bat for self-publishing, as well:

comments

As in all things, don’t let the haters get you down! Listen to those who know the value to your dreams.


spa-news

As a self-publishing author, you may find it helpful to stay up-to-date on the trends and news related to the self-publishing industry.This will help you make informed decisions before, during and after the self-publishing process, which will lead to a greater self-publishing experience. To help you stay current on self-publishing topics, simply visit our blog each month to find out the hottest news. If you have other big news to share, please comment below.

icon logo self publishing advisor

Self-Publishing News: 2.19.2019

February concept. stationery and notebook, business background

And now for the news!

Some highlights from this month in the world of self-publishing!

It has been a long time since we’ve written about the Espresso Book Machine (EBM) on this blog, but that doesn’t mean that they’re not still out there and making a big difference. And they’re still newsworthy! Last Fall, the iconic New York bookstore Shakespeare & Co. closed its doors on its original historic location and reopened them elsewhere in New York, with the added bonus of an Espresso Book Machine! For those not already read into the EBM and what it can do, Mackenzie Dawson breaks it down this way for readers of the New York Post: ‘If a title is not available on the shelves, the patented 3D printer Espresso Book Machine can print one “in the time it takes to brew an espresso.”‘ She quotes bookstore CEO Dane Neller, who went on to add:

“I felt that the future of bookstores was smaller stores, community-based and experiential. This technology is like bringing the warehouse into the store, allowing us to offer customers the selection of Amazon.”

And there, we very much agree. The EBM isn’t limited to Amazon selections, however; EBMs also allow customers to bring their own media for printing in a variety forms, including UB. For more on how the EBM works, check out their online brochure.

Romance is big business, as Kim Komando would be (and is) the first to tell you. On Valentine’s Day last week, Komando write that “More than half of the top 20 books on Amazon’s romance best-seller list are titles from its book-publishing arm or are from self-published authors.” And that’s just the tip of the iceberg when it comes to Komando’s words of wisdom; she also notes that while “Romance is serious business” indeed, “Some authors make six figures a month selling love stories. And to keep their books at the top of the charts, authors are known to spend upwards of $50,000 a month in advertising.” So even though “Love doesn’t always make sense,” as Komando would put it, “for eBook authors, it can make dollars.” And it costs dollars, too. Keep an eye on Komando’s website for more developments on this front; she knows the industry.

One of this last week’s more interesting developments comes from an unexpected corner of the internet: Psychology Today, not exactly our usual go-to spot for news on publishing. But this week? This week they’re in our corner, and they’ve got our back. PT contributor Marty Nemko, PhD, unfolds his own self-publishing story:

I’ve written 11 books, most published by Wiley, Random House’s Ten Speed Press, etc. Yet perhaps surprisingly, I feel best about the few I self-published using Amazon’s CreateSpace and its Kindle Direct. And here’s the punchline: That’s true even though those self-published books have sold far worse than my commercially published ones.

Especially today, when most publishers will look only at agented submissions—and it’s hard to get a respected agent—I believe it’s usually wise to write for self-publication, even if you’ve previously written books that have sold well. Indeed, I made that choice with four of my five most recent books.

So why is he such an advocate for self-publishing?

It comes down to the process, writes Nemko, and he gets into the fascinating psychology of why, exactly, self-publishing might be of benefit to everyone. We cannot recommend this article enough!


spa-news

As a self-publishing author, you may find it helpful to stay up-to-date on the trends and news related to the self-publishing industry.This will help you make informed decisions before, during and after the self-publishing process, which will lead to a greater self-publishing experience. To help you stay current on self-publishing topics, simply visit our blog each month to find out the hottest news. If you have other big news to share, please comment below.

icon logo self publishing advisor

Self-Publishing News: 2.13.2019

February concept. stationery and notebook, business background

And now for the news!

Some highlights from this month in the world of self-publishing!

While it’s difficult to tell if any article could really ever tell us everything we need to know about self-publishing, much less publishing at large, Forbes’ latest piece from Forbes Coaches Council member and contributor Divya Parekh makes an intense effort to do so. Fittingly for a website dedicated to more many more topics than publishing, Parekh’s article opens with a bit of framing discussion about content creation and personal branding generally, and what it is that draws consumers to content. Writes Parekh, “A universal truth for most people is that they have something in their lives they believe others would want to read. This is especially true of anyone who is successful in their profession and has a business or life philosophy they want to share with the world or a story to tell.” Parekh goes on to describe the high points about what has changed, what has stayed the same, and those misleading myths which have always swirled around book publication. For Parekh, writing a book isn’t just for those who have always had the itch and the urge to put pen to paper; rather, publishing is about spreading one’s brand and building one’s sphere of influence. “Like a snowball rolling down a hill that gathers speed and mass as it travels down the slope, your book will do the same for you in spreading your brand and message,” Parekh writes. To read more, follow the link.

Actor Laura Cayoutte, famous for her roles in films such as Django Unchained and Kill Bill: Volume II, is also a successful self-publishing author. According to Earl Hodges of NOLA, Cayouette has now self-published seven books (Know Small Parts: An Actor’s Guide to Turning Minutes into Moments and Moments into a Career perhaps her most widely known publication, while Lemonade Farm and her Charlotte Reade mystery series are also popular), and has scored celebrity reviews. Writes Hodges, “In her career as an actor and writer, Cayouette has learned a few things about taking risks and moving to the next level. And she generously encourages and shares with others who have dreams of their own that they are pursuing.” This article chronicles not just some of Cayoutte’s shared wisdom, but also the experiences of those who lucky enough to attend the January meeting of the South Louisiana chapter of Romance Writers, which also featured self-publishing author Farrah Rochon and SLRW’s president-elect, Devon Alexander.


spa-news

As a self-publishing author, you may find it helpful to stay up-to-date on the trends and news related to the self-publishing industry.This will help you make informed decisions before, during and after the self-publishing process, which will lead to a greater self-publishing experience. To help you stay current on self-publishing topics, simply visit our blog each month to find out the hottest news. If you have other big news to share, please comment below.

icon logo self publishing advisor

Self-Publishing News: 2.5.2019

February concept. stationery and notebook, business background

And now for the news!

Some highlights from this month in the world of self-publishing!

In past weeks, we’ve revealed some rather … mixed … information on the state of self-publishing, with some researchers arguing that sales are way up, and others insisting that actually they were completely terrible. In the interest of covering all of our bases and ensuring equal coverage for all concerned, here’s an article from Books + Publishing this week covering Amazon’s newly released sales figures. The most pertinent details? Writes the article author:

For books, authors earned more than US$260 million (A$359m) from the Kindle Direct Publishing (KDP) Select Global Fund in 2018, totalling more than US$840m (A$1.16bn) since the launch of Kindle Unlimited. Amazon said, ‘hundreds of thousands of authors have self-published millions of books through KDP since launching the service in 2007’. Amazon said that ‘thousands’ of authors earned more than US$50,000 (A$69,000) from KDP royalties in 2018, and more than 1000 authors earned over US$100,000 (A$138,000).

Good news for Amazon, obviously, but how reliable are these figures? And how do they compare to other indie publishers and self-publishing companies? We’ll have to wait for comparative reports, it would seem.

More industry coverage comes from the Locus magazine for science fiction and fantasy, one of our favorites of the genres. This article ties into the report we mentioned last week in our Self Publishing News section, and provides further insights, specifically calling out the report for including zero-earnings authors who may not yet have published or not published recently, or who have not made self-publishing a dedicated part of their lives. Says the article,

It’s hard to tell how meaningful the data is, since the 5,000 respondents (drawn from the Authors Guild membership and nearly 20 other organizations and self-publishing platforms) are not necessarily a complete cross-section of the writing community. Fully a quarter of those surveyed reported receiving zero income from books or writing-related activities in 2017, which does tend to drag aggregate numbers down. Counting only those writers who actually made book-related income in 2017 (63% of those surveyed), the median income was over $20,000, and average income was over $43,000. A total of 38% of respondents also earned writing- related income apart from book royalties or advances, mostly from events and appearance fees, freelance journalism, and teaching writing. Given the increasing numbers of self-published authors and “hybrid” authors who self- publish and use traditional publishing too, one inarguable conclusion is that more authors are being paid – at least a little – than ever before.

Accounting for the zero-earnings authors provides a much rosier outlook than the naysayers previously have given, and tempers the worst of the emotions swirling around the Author Earnings report.


spa-news

As a self-publishing author, you may find it helpful to stay up-to-date on the trends and news related to the self-publishing industry.This will help you make informed decisions before, during and after the self-publishing process, which will lead to a greater self-publishing experience. To help you stay current on self-publishing topics, simply visit our blog each month to find out the hottest news. If you have other big news to share, please comment below.

icon logo self publishing advisor

Self-Publishing News: 1.29.2019

January, illustrated name of calendar month, illustration

And now for the news!

Some highlights from this month in the world of self-publishing!

We’ve been following the evolution of Wattpad for some time now, and the latest news is BIG: Wattpad, known far and wide as a host and home for free self-published digital stories, is now opening their very own publishing imprint for print books. This update, from Kidscreen contributor Alexandra Whyte, covers the basics. Writes Whyte:

The new division plans to leverage the company’s human editorial resources and its Story DNA machine learning technology to identify and publish stories that stand out from the  565 million-plus titles that are uploaded on its platform. Wattpad Books will also use audience data, along with global reading trends, to find international hits on the platform and some hidden gems to publish.

Its first YA six offerings will span fantasy, romance, mystery and more. Titles include: The QB Bad Boy & Me by Tay Marley (26.3 million reads), available on August 20; Trapeze by Leigh Ansell (2.5 million reads), on September 10; What Happened That Night by Deanna Cameron (one million reads), on September 17; Cupid’s Match by Lauren Palphreyman (46.4 million reads), on October 1; Saving Everest by Sky Chase (17.2 million reads), on October 8; and I’m a Gay Wizard by V.S. Santoni (400,000 reads), on October 29.

Much of our coverage on Wattpad here in the blog has been tied to Wattpad’s many successes, but it’s worth noting that many (if not most) of the stories uploaded to the site do not see blockbuster breakout success the way that the above have. Many of the most successful Wattpad stories seem to benefit from the same systems that underpin successes in other indie environments: authors who are engaged, social media savvy, and inventive marketers. We look forward to seeing how Wattpad’s latest venture goes! Also worth noting: The Verge also covered Wattpad’s big news, and you can read that article [here].

We can’t think of anything more quintessentially British than the boy who lived than, perhaps, the name Adam Croft. Croft, whose books are published exclusively online and distributed digitally, was “at one point […] earning an incredible £2,000 a day in royalties from his books, making him one of the world’s most successful independently published authors.” This comes to us by way of Express contributor Alice Pulham, who writes to argue that Croft’s example provides “an inspiring story for anyone who wants to be a writer but fears that the world of traditional publishing isn’t for them.” Pulham’s article covers Croft’s rise from obscurity over the last decade to become a force to be reckoned with in the wordsmithing community; he has now published upwards of 16 books, one of which (Her Last Tomorrow) sold “an amazing 150,000 copies in just five months.” Says Pulham, “Adam’s success shows just what can be achieved by authors with the drive and business sense to self publish, and is refreshingly direct about the book market. ‘Ultimately, the market will decide what books they want to buy, rather than publisher A or B.'” We couldn’t agree more, and we look forward to hearing more from this iconic British self-publishing author in the future.


spa-news

As a self-publishing author, you may find it helpful to stay up-to-date on the trends and news related to the self-publishing industry.This will help you make informed decisions before, during and after the self-publishing process, which will lead to a greater self-publishing experience. To help you stay current on self-publishing topics, simply visit our blog each month to find out the hottest news. If you have other big news to share, please comment below.

icon logo self publishing advisor