E-book readers have been around for over a decade, slowly evolving from really expensive and highly proprietary devices like the old Reb 1000 that sold for nearly $1000 to the newer Multi-functional devices like the iPod. You can still spend $1000 if you want to between accessories -- gadgets for your gadget-- and software “apps” but now you get a lot more bang for your buck.
There are still a lot of proprietary devices on the market, like Amazon’s Kindle, Sony’s e-book reader, and the coming BN Reader. The intent of most of these e-readers would seem to be lock readers in to a specific reseller or format.
By the early part of this decade, independent resellers like Fictionwise were offering readers a choice -- more formats, more publishers to choose from, and a wider variety of subject matter. While companies like Amazon and Sony struggle to create their own market for their e-reader, BN’s approach seems more logical. Rather than re-inventing the wheel, why not buy the bus? They bought Fictionwise. They also came out with a new proprietary e-reader, of course.
While Amazon’s Kindles and Sony’s Readers have their own followings, many e-book consumers still prefer to read on multi-functional devices like computers, laptops, notebooks, PDAs, netbooks, and iPods. Consumer demand for a larger variety of formats and a wider range of subject matter has paralleled the growth of online bookstores that cater to their broad range of tastes. While “brick and mortar” stores like Borders are reportedly struggling to stay afloat, the online community appears to be flourishing. There are still good independent resellers, like All Romance E-Books, one of our personal favorites, and Fictionwise continues to sell directly from their own website. (BN.com offers a mirror site as an opt-in option to Fictionwise content providers.)
How does all this affect authors?
While once an author’s royalties came mostly from the publisher’s onsite sales, consumers who’ve joined the e-book community in the last year or two may not even be aware that they can buy direct from independent e-book publishers. More offsite sales may mean larger overall numbers, but it also means more middlemen taking their cut. Sales may go up, but the royalties per copy will go down. It also means a change in the way authors promote. There are more authors competing for the spotlight in a broader market. The immediacy we once expected in e-book sales has changed, as well. The lag between when the author’s book hits multiple markets will likely be longer, so the optimum marketing time is lengthened but also spread out over many different sites.
And most noticeably, for many authors, there’s a real change in when you finally get to see your sales figures. Instead of reading a report within forty-five days of release that tells you how well your book was received, you may only get part of the picture. In an economy where readers are looking for every advantage they can get and larger resellers will work to provide advantages and entice readers, you may have to wait as long as six to nine months to find out how your book sold off-site. A book that releases in January on the publisher’s site probably won’t release off-site for sixty to ninety days after that, and that royalty report won’t reach you till the end of the following quarter.
All of which might make you wonder, what are the advantages to e-publishing again?
Well, in that same six to nine months, your print book from a major New York publisher might -- MIGHT -- be ready to hit the shelves. And the brick and mortar stores it was headed to might still be in business. And in another six to nine months, you may receive royalties on that book (less the reserves they hold in case they don’t get paid for the paperbacks that get shipped out.) Assuming you can find a home in New York for what you want to write in the first place. Many e-book authors -- and most readers -- come over to the dark side for reasons that haven’t changed -- we’re just not mainstreamers. We adapt because we don’t want or expect the old ways of doing business.
Margaret Riley
Changeling Press
Treva Harte
Loose Id LLC