Showing posts with label The Domino Project. Show all posts
Showing posts with label The Domino Project. Show all posts

Saturday, June 30, 2012

Seth Godin: When Publishing Ebooks, Shorter Is Better

Seth Godin on ebooksIn an email today, Seth Godin of The Domino Project wrote the following:

My theory about non-fiction books is validated. When they’re electronic, people vastly prefer short ones.

I think holding the book in your hand gives you one measure of value (heavy!) while reading a short one electronically gives you the satisfaction of knowing you finished it.

I agree with Seth. With electronic books (ebooks in any format), shorter is better.

With print books, hefty still has a premium quality to it. Just try lifting my 1001 Ways to Market Your Books - a good workout any time.

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I love the eyeballs course. Clear, easy to implement, and rich with resources. - Rick Maurer, author of The Magic List
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Book Marketing Magic: http://www.bookmarket.com/novelmarketing.htm - How to market novels, children's books, memoirs, and more. $48

Sunday, June 24, 2012

Seth Godin on the Coming Book Publishing Crisis

Below is an excerpt from a blog post Seth Godin wrote over at The Domino Project:

Seth Godin on MediaI did a show at the NBC headquarters in NY a few weeks ago. I’m guessing that it costs them about $6,000 a minute to make a news show in the studio. That counts the painters, set guys, three camera operators and their assistants, lighting guys, producer, executive producer, on-air talent, makeup people - all working from some of the most expensive real estate in the world.

Cable shows cost less. And now online shows are being made by people like Demand Media for the cost of about $2000 a minute. Video podcasts and professional YouTube stuff is down to, I’m guessing here, less than $500 a minute.

What happens to the market leaders when there’s no restriction on what gets on the air and when the competitors have a cost basis that’s 10% of yours?

The same thing just happened to books. A New York City publisher probably needs $2000 a page to acquire, edit, typeset, print and distribute a book (making up a number from thin air). A self-published ebook author needs $1 a page.

If the viewer/reader doesn’t treat the two products as fundamentally different, if reading or watching one is a replacement for the other, then a crisis is right around the corner.

John's Comments: But a crisis is only around the corner for the big publishers who spend way too much on publishing books by celebrities and not enough on books with real substance.

That's the real crisis: The total lack of true book curation by the larger publishers. Where are the great book editors of the 1930's?

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15,000 Eyeballs Internet Marketing Program: http://www.bookmarket.com/15000eyeballs.htm - Ten lessons on how to get thousands of impressions for you, your book, your blog, or your website. $50

Real Fast Book Marketing: http://www.bookmarket.com/realfastbookmarketing.htm - How to sell 100 to 200 copies of any book in two weeks or less. $97

Book Marketing Magic: http://www.bookmarket.com/novelmarketing.htm - How to market novels, children's books, memoirs, and more. $48

Monday, April 16, 2012

Seth Godin on the Real Business of Book Publishing

Guest post by Seth Godin

The biggest problem facing book publishing has nothing to do with the Justice Department or agency pricing.

Seth Godin on book publishingNo, the challenge the big book publishers are facing is that a perfect industry is being replaced by one filled with chaos and opportunity.

Perfect? Limited shelf space plus limited competitors plus well-understood cost of creation and production meant that stability reigned. The industry was polished and understood.

For three hundred years or so, book publishing had nothing in common with technology businesses where the underlying economics of the business were questioned regularly.

That meant that just about all of the creative energy in the business went into finding new content, not new business models.

Yesterday I wrote about a short film online called Caine’s Arcade (see film below). It’s worth noting that more people have spent ten minutes watching this film in the last week than have read all but a handful of books over the same period of time. And even more profoundly, that this short film has raised almost $200,000 for the star’s college fund without really trying.

Conceptually, this is a book.

Of course there’s no paper and there’s no store and there’s no sale. Which is why people in the book industry won’t see it as a book. That’s because they grew up in an industry that never worried about technology changing what they do or how they do it.

[As I read this, I'm worried that some may think I meant that Caine's Arcade ought to be turned into a book, written down and printed. Yikes. No, I meant that the act of finding Caine, of investing in a short film, of bringing that idea to the public--it's stuff like that that publishers are actually quite good at--the format and the economics will change, but the risky act of bringing ideas to the public is what publishers do.]

Revolutions enable the impossible at the same time they destroy the perfect. There’s entirely too much handwringing about how the perfect book industry is no more. That’s true. It’s no longer perfect. What’s happening now, though, is the impossible.

If the companies (and the people who work for them) are going to be in this business just five years from now, they will only thrive if they understand that an entirely new business model will have to be built and understood. And it will have nothing whatsoever to do with paper. It will be about ideas.

Which is what book publishing was supposed to be about all along, right?

The Domino Project with Seth Godin

About the Author

Seth Godin is the founder of The Domino Project and has written twelve books that have been translated into more than thirty languages. Every one has been a bestseller. He writes about the post-industrial revolution, the way ideas spread, marketing, quitting, leadership and, most of all, changing everything.

Caine's Arcade: The Film

Monday, January 16, 2012

Book Marketing Makeover: Seth Godin's Advice to Book Authors, Part II

Advice to Book Authors, Part II

This article is now located here:
http://bookmarketingbestsellers.com/seth-godin-19-points-of-advice-for-book-authors.

The Domino Project with Seth Godin

About the Author

Seth Godin is the founder of The Domino Project and has written twelve books that have been translated into more than thirty languages. Every one has been a bestseller. He writes about the post-industrial revolution, the way ideas spread, marketing, quitting, leadership and, most of all, changing everything.

Sunday, January 15, 2012

Book Marketing Makeover: Seth Godin's Advice to Book Authors, Part I

Guest post by Seth Godin

If you’re an author or an aspiring author (and I trust that you are), it’s time to end the fruitless struggle with a dying business model and think hard about how the world has changed. I wrote two posts on this subject five years ago. Here, unchanged, is the first post:

Advice for Book Authors, Part I

Always beware of free advice. It is worth what it costs!

That said, I get a fair number of notes from well respected, intelligent people who are embarking on their first nonfiction book project. They tend to ask very similar questions, so I thought I’d go ahead and put down my five big ideas in one place to make it easier for everyone.

I guarantee you that you won’t agree with all of them, but, as they say, your mileage may vary.

1. Book publishing is an organized hobby, not a business.

The return on equity and return on time for authors and for publishers is horrendous. If you’re doing it for the money, you’re going to be disappointed.

On the other hand, a book gives you leverage to spread an idea and a brand far and wide. There’s a worldview that’s quite common that says that people who write books know what they are talking about and that a book confers some sort of authority.

2. The timeframe for the launch of books has gone from silly to unrealistic.

When the world moved more slowly, waiting more than a year for a book to come out was not great, but tolerable. Today, even though all other media has accelerated rapidly, books still take a year or more. You need to consider what the shelf life of your idea is.

3. There is no such thing as effective book promotion by a book publisher.

This isn’t true, of course. Harry Potter gets promoted. So did Freakonomics. But out of the 75,000 titles published last year in the US alone, I figure 100 were effectively promoted by the publishers. This leaves a pretty big gap. [Note from John Kremer: Now there are half a million titles published last year and, alas, only about 100 are effectively promoted by publishers.]

This gap is either unfilled, in which case the book fails, or it is filled by the author. Here’s the thing: publishing a book is really nothing but a socially acceptable opportunity to promote yourself and your ideas far and wide and often.

If you don’t promote it, no one will. If you don’t have a better strategy than, “Let’s get on Oprah,” you should stop now. If you don’t have an asset already–a permission base of thousands or tens of thousands of people, a popular blog, thousands of employees, a personal relationship with Willard Scott… then it’s too late to start building that asset once you start working on a book.

By the way, blurbs don’t sell books. Not really. You can get all the blurbs in the world for your book and it won’t help if you haven’t done everything else (quick aside: the guy who invented the word “blurb” also wrote the poem Purple Cow).

4. Books cost money and require the user to read them for the idea to spread.

Obvious, sure, but real problems. Real problems because the cost of a book introduces friction to your idea. It makes the idea spread much much more slowly than an online meme because in order for it to spread, someone has to buy it. Add to that the growing (and sad) fact that people hate to read. Too often, people have told me, with pride, that they read three chapters of my book. Just three.

5. Publishing is like venture capital, not like printing.

Printing your own book is very very easy and not particularly expensive. You can hire professional copyeditors and designers and end up with a book that looks just like one from Random House. That’s easy stuff.

What Random House and others do is invest. They invest cash in an advance. They invest time in creating the book itself and selling it in and they invest more cash in printing books. Like all VCs, they want a big return.

If you need the advance to live on, then publishers serve an essential function. If, on the other hand, you’re like most non-fiction authors and spreading the idea is worth more than the advance, you may not.

So, what’s my best advice for book authors?

Build an asset. Large numbers of influential people who read your blog or read your emails or watch your TV show or love your restaurant or or or…

Then, put your idea into a format where it will spread fast. That could be an ebook (a free one) or a pamphlet (a cheap one–the Joy of Jello sold millions and millions of copies at a dollar or less).

Then, if your idea catches on, you can sell the souvenir edition. The book. The thing people keep on their shelf or lend out or get from the library. Books are wonderful (I own too many!) but they’re not necessarily the best vessel for spreading your idea.

And the punchline, of course, is that if you do all these things, you won’t need a publisher. And that’s exactly when a publisher will want you! That’s the sort of author publishers do the best with.

Tomorrow: Part II of my Advice for Book Authors

The Domino Project with Seth Godin

About the Author

Seth Godin is the founder of The Domino Project and has written twelve books that have been translated into more than thirty languages. Every one has been a bestseller. He writes about the post-industrial revolution, the way ideas spread, marketing, quitting, leadership and, most of all, changing everything.
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