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The Steve Laube Agency

The Steve Laube Agency

Helping to Change the World Word by Word

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Home » Book Business » Page 17

Book Business

Confusing Hindsight with Wisdom

By Dan Balowon August 2, 2016
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Book publishing is filled with people having substantial experience and who know a lot about how things work in the publishing world.  Authors, publisher staff, retailers and agents have a bevy of information and make informed decisions every day.

But book publishing is a humility-building pursuit because a good amount of this great wisdom is nothing more than 20/20 hindsight.

“I knew it wouldn’t work.”

“I knew it would sell well.”

“I knew this would happen.”

Everyone is smart in hindsight. In hindsight, we are all 100% correct in our manuscript assessments and budget estimates. But book publishing is a lot like hitting a baseball. If you are right 30-40% of the time, you are a hero.

A mediocre baseball player might get 25 hits in 100 chances. A great player will get 30. A legendary player will get 35 hits in 100 chances.

Everyone strikes out and commits errors on a regular basis.

So it is in publishing.

There are a lot of people in influential roles at publishers and very successful who are right only about 30-40% of the time.

Same for a successful author. Of their first ten books, one or two will probably sell really well, a couple sell pretty well, a couple books are so-so and then the remaining were a little more on the “not so good” side of the ledger.

Your first book might not sell well, leading you to think you are finished. But striking out in your first time to bat doesn’t make it impossible to succeed later. You practice hitting and one day it all comes together, when you will only fail 60-70% of the time and considered an all-star.

So what is the point of all this?

Book publishing, whether traditional or self-published is a humbling venture. Everyone involved fails more than succeeds.  Don’t give up at the first sign of failure.

If you are a new author and are rejected and feel the person rejecting your work is making a mistake, you might be right.

Or not.

But if you think you have it all figured out or someone says they have it all figured out and can make guarantees of success, you are both incorrect. If “having it all figured out” means you miss the mark only 60% of the time, then it is okay to brag.

If you attend enough writer’s conferences, you might come away with ten steps to succeed 100% of the time. Not true.

The best you can hope for is to succeed about a third of the time.

One of the great frustrations for new (and experienced) authors is when they follow every instruction, do exactly what is required by every seminar leader or editor and still cannot be published.

The reason?

All the wisdom, advice, steps, actions or to-do lists will make it so you only fail 60% of the time.

Sure, 20/20 hindsight can help anyone avoid big mistakes in the future, but no one knows with absolute certainty what readers will like two or three years from now.

The reason is (here it is again) because writing and publishing books is an art form, not a perfect science.

In a few years, readers might begin to abandon Amish-themed romance fiction and want to see what happens when a Lutheran marries a Methodist or a conservative Presbyterian is unequally yoked to a liberal Presbyterian.

Now there’s a suspenseful plot!

And who knows what non-fiction books will resonate in 2020.

The deepest, darkest secret in all book publishing is no one really knows with 100% certainty what is going to happen or what will sell. We know a lot about what happened already and hope it might lead to something similar in the future, but we are not one hundred percent sure. 

Everyone is smart after the fact, but making decisions for tomorrow contains a good measure of humble flexibility.

If you hang around too many “hindsight-smart” people you could end up frustrated and discouraged because they make it sound predictable and cut-and-dried, which are terms never used to describe book publishing.

Humility, a willingness to learn something new and ability to change direction quickly are helpful traits to cultivate in your life and look for in others.

 

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Category: Agents, Book Business, Career, Marketing, The Publishing LifeTag: Book Business, Hindsight, The Publishing Life

One of These Days I am Going to Write a Book about Procrastination

By Dan Balowon July 26, 2016
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But not today, I’ve got too many things going on. Maybe tomorrow or the next day, but not today. One of the more insidious aspects of living in a world where constant change is the norm, is most change does not occur so quickly we need to change anything or do anything right now. Tomorrow we’ll decide. One of these days I’ll do something, but not today. I’ve got too much going on today. Tomorrow …

Read moreOne of These Days I am Going to Write a Book about Procrastination
Category: Book Business, CareerTag: Career, procrastination

Steve Laube Buys The Christian Writers Market Guide from Jerry Jenkins

By Steve Laubeon July 25, 2016
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(Phoenix, AZ) The owner and president of the Steve Laube Agency has announced his purchase of the rights to The Christian Writer’s Market Guide from bestselling author Jerry Jenkins. Laube will become Publisher of the 2017 edition. The Guide has been used as a resource in the inspirational market for over 30 years. It was created by writer Sally Stuart, who published it until 2012 when Jenkins …

Read moreSteve Laube Buys The Christian Writers Market Guide from Jerry Jenkins
Category: Book Business, Christian Writers Institute, News You Can UseTag: Book Business, Christian Writers Institute, Publishing News

ICRS Observations 2016

By Steve Laubeon July 11, 2016
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On the last week of June Dan Balow and I attended the 2016 International Christian Retail Show (ICRS) in Cincinnati. It was my 35th consecutive year attending…which only means I’m old… By now you may have heard some reports regarding the low attendance, which are true. There were only 2,114 registered attendees, nearly a 30% drop from last year. Fortunately the convention hall …

Read moreICRS Observations 2016
Category: Book Business, Conventions, ICRSTag: Book Business, Bookselling, ICRS, International Christian Retail Show Observations, Trends

Printing ≠ Publishing or Publishing > Printing

By Dan Balowon July 5, 2016
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Getting publishing’ definitions wrong can cause a complete disconnect in a conversation. “How many books are you going to publish?” “Maybe about 50 per year.” “Huh? That’s all? Don’t some publishers do thousands at a time?” Or “How many books are you going to print this year?” “About a million” “Wow, how many people do you have working there?” When a book is manufactured, it’s called printing. …

Read morePrinting ≠ Publishing or Publishing > Printing
Category: Book Business, The Publishing Life

The Best Selling Christian Books of all Time

By Dan Balowon June 28, 2016
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I realize attempting to compile a list like this could ruffle some feathers from both publishing and literature purists, not to mention the theological issues raised in the process of determining a “Christian” book. But I thought I would take a stab at it anyway. The list of the best-selling Christian books of all time almost demands every single title carry some sort of disclaimer, but that …

Read moreThe Best Selling Christian Books of all Time
Category: Book Business, Publishing History, TrendsTag: Bestsellers, Book Business, Trends

What’s Your Third Book?

By Dan Balowon June 21, 2016
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At some point, whenever I speak with an un-published author I will ask the question, “What is your third book?” The purpose of the question is to elicit a response to get an idea if the author is interested in being a professional author or simply publishing a book. Those are different goals entirely. Agents mostly represent professional authors, not books. Agents are “in this” for the long term …

Read moreWhat’s Your Third Book?
Category: Book Business, Book Proposals, Branding, Career, Get Published, PlatformTag: Career, Get Published

Confusing Industry News in Bookselling

By Steve Laubeon June 20, 2016
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Last week the Hastings, a chain of 126 retail stores, declared bankruptcy. Approximately half of their sales are from books (the other half are movies, music, games, etc). They claim “a decline in the market for physical media properties like music, movies, books, games and media rentals.” They had losses of $16 million on sales of $400 million. Among their largest unsecured creditors …

Read moreConfusing Industry News in Bookselling
Category: Book Business, Economics, TrendsTag: Book Business, Book Sales, Trends

Dear World, We Have What You Want

By Dan Balowon June 14, 2016
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Dear World, Those of us involved in Christian publishing can’t help but notice you are hurting. While our work is to write and publish books, one or more times each week we gather to worship and pray to the Creator God, considering ways we can ease your pain. I hope you know we care. There are dozens of new books with Christian themes coming out every week. They contain information and inspiration …

Read moreDear World, We Have What You Want
Category: Art, Book Business, Career, Christian, Theology, TrendsTag: Christian, readers, Theology

What is a Book’s Trim Size?

By Steve Laubeon June 13, 2016
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Trim size is one of those terms we use frequently when talking about the dimensions of your printed book. The term comes from the fact that during the printing process the pages of the book first printed on large sheets which are folded, glued, and later “trimmed” to a specific size. (This linked video shows the entire book printing process.) Go to your shelf and pull down a few titles and measure …

Read moreWhat is a Book’s Trim Size?
Category: Book Business, The Publishing LifeTag: Book Business, The Publishing Life, Trim Size
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