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Helping to Change the World…Word by Word

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

Test Marketing Books

By Dan Balowon May 23, 2017
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In the traditional book-publishing world, insiders often refer to the initial release of a book from a new author as a marketing test…more R&D than launching and promoting a known product.

The self-publishing process can function in a similar role of market testing for a first time author. You won’t know for certain how it will be received, but it is worth the effort to try. Most authors desire the chance to prove themselves and self-publishing is a good way to do it.

I’ve recommended to any number of authors they self-publish a book because at the moment I didn’t see a ready market for it among traditional publishers. Also, if an author needs a book to sell at their speaking engagements to build their author platform, waiting 18-24 months for a release from a formal publisher is often not in their best interest.

But I also know what I suggest is that the author test-market their writing and marketing platform to see if it meets expectations. A self-published book, which doesn’t sell particularly well for the author might make it hard for them to attract the traditional publisher because they now have sales history that can be tracked. For some it might mean the end of their aspirations to be traditionally published.  But mainly, it means they should go back to work, make adjustments and try again. How much work, how many adjustments and how long they continue to try is up to them.

Every human endeavor, from a young man asking a young lady for a date to making toast in the morning, involves the same three steps:

Do something

Adjust

Try Again

A book puts the writer “out there” for all to see and invites readers to vote with their money on whether they like what they read.

“Doing something” is step one of the market test.

Every week, I receive several proposals from authors who say in effect, “I tried self-publishing and it didn’t work well, so I want to pursue the traditional route.”

What I hear is, “The test marketing for this product didn’t go well, but I still think a company should invest money in it.”

It’s a rather simple decision regarding agency representation. Sorry.

If you decide to self-publish initially with the desire to eventually get an agent for traditional publishing, your self-publishing efforts need to show growth and good revenue streams over a long period of time in order to get the attention of anyone.  There are no magic numbers to aim for, but unless your sales are in the multiple thousands of revenue generating units, agents and publishers probably won’t be interested.

And, their interest would be in your next book, not the one currently available and being market tested.  (Unless your book is selling thousands per week, at which time everyone involved in traditional publishing will be your friend)

Traditional publishers would rather take a risk on a new author who has no proven track record of sales than the author who “tested” poorly in self-publishing.

So, even self-publishing is risky. It puts you in front of a crowd who will pass judgment on whether your work is worthy to be purchased. No one enjoys failure to perform as expected, not to mention the risk of poor reader-reviews.

Low sales for a self-published book means you need to try again, write a new book, or change the title, pricing, online product description, marketing, or whatever else you think for the book, which didn’t test well. But if you can’t get some momentum built no matter what you do, it is your decision how long you should persevere.

Figuratively speaking, every book has a “here I am world, what do you think?” sign attached to it. Authors need to be open to adjust to whatever the test data is trying to tell them.

 

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Category: Book Business, Indie, Marketing, Self-Publishing, The Publishing LifeTag: Indie, Marketing, Self-Publishing, The Publishing Life

The Endangered Author

By Dan Balowon May 9, 2017
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There are many kinds of creative writing, for personal enjoyment to the type for which you are paid. As an agent earning a living selling book proposals to traditional publishers, I evaluate everything based both on whether it fits the type of content I want to represent, but also if it is commercially viable for those publishers.  Depending on where you are on the spectrum as an author, maybe …

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Category: Book Business, Career

Are Agents Necessary?

By Steve Laubeon May 8, 2017
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Bill asked the question, “How necessary are agents in the modern publishing environment?” It depends. I have to smile when asked that question because asking an agent if agents are necessary it’s a bit obvious what the answer will be… However, there are some things that should go into your decision of whether to pursue representation or not. Goals What are your goals as a …

Read moreAre Agents Necessary?
Category: Agency, Agents, Book BusinessTag: Agents, Book Business

Criticizing the Reader

By Tamela Hancock Murrayon May 4, 2017
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Since I’ve been in publishing, I’ve heard rumblings of why can’t Christian novels be “edgy” or “better” in avoiding tropes, formulas, and the like. In other words, why can’t Christians write and publish great literature? Know that the definition of great literature varies from person to person. A Google search reveals many articles on this topic. But when an author submits what he labels …

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Category: Book Business, ReadingTag: Book Business, Literary Fiction, Reading

Print and Prejudice

By Steve Laubeon May 1, 2017
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For the last ten years, since the unveiling of the Kindle reader, there has been a constant conversation about reader’s preferences. Print or Ebook? While ebook sales grew exponentially and paper sales stagnated many declared victory for the ebook. I have a number of friends who have not purchased a paper edition of a book for quite some time. Some libraries have removed all their books and gone …

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Category: Book Business, E-Books, Personal, ReadingTag: Book Business, ebooks, Reading

Pushing and Pulling Your Book

By Dan Balowon April 18, 2017
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The marketing and promotion of books differs somewhat from other forms of product marketing, but not as much as you might think. Basic marketing principles, which work for toothpaste and automobiles, also work for books. The greatest changes in publishing over the last 10-20 years have been brought on by the Internet, which unlocked a previously difficult and expensive connection directly to …

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Category: Book Business, MarketingTag: Book Business, Marketing, Platform

A Ghostwriting Masterpiece

By Steve Laubeon March 6, 2017
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The Christian Writers Institute has just released a marvelous book by Cec Murphey, Ghostwriting: the Murphey Method. It is a wonderful look behind the scenes in how so many bestselling books are created. Cec is the writer who helped craft many bestselling books including Gifted Hands by Ben Carson and 90 Minutes in Heaven by Don Piper. In the book he turns back the curtain and through dozens of …

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Category: Book Business, Book Review, Christian Writers Institute, Contracts, Reading, The Writing LifeTag: Book Review, Ghostwriting, Reading

Family Christian Stores Closes All Locations

By Steve Laubeon February 27, 2017
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Last Thursday Family Christian Stores (FCS) announced they will be closing all 240 locations in 36 states, liquidating their inventory, and laying off over 3,000 employees. It is a sad day for Christian retail. In this case, the only surprise is that it came so soon after their previous bankruptcy reorganization. In February 2015 FCS suddenly declared bankruptcy and it was not until June of that …

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Category: Book Business, Economics, Legal Issues, Publishing History, Publishing NewsTag: Book Business, Economics, Family Christian, Publishing News

Is Your Writing Controlled by Fate?

By Dan Balowon February 21, 2017
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I was going to title this blog post something along the lines of “Calvinist vs. Arminian Authors,” or “Predestination vs. Free Will in Publishing,” but these titles inferred an entirely different angle than I intended. Every author believes their book, if published and promoted enough has the potential to sell well. No author writes a book feeling deeply it will sell 349 copies. Someone messed up …

Read moreIs Your Writing Controlled by Fate?
Category: Book Business, Book Proposals, MarketingTag: Book Business, book proposals

What is Your Writing Worth?

By Dan Balowon February 7, 2017
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The entire book publishing industry, both traditional and self-published, is dependent upon creating books other people will pay money for in sufficient number to make it worthwhile. Just about everything discussed on this agency blog is intended for people involved in revenue-generating publishing. Most authors can write something and give it away for free. Fewer can write something, which others …

Read moreWhat is Your Writing Worth?
Category: Book Business, MoneyTag: Book Business, Money
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