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The Steve Laube Agency

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Helping to Change the World Word by Word

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Home » Book Business » Page 25

Book Business

It’s a Flat World After All

By Dan Balowon April 21, 2015
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As a preface to this post, let it be known that I really enjoy hitting my thumb with a hammer, pushing forks into electric toasters and tripping over things in my bare feet in the dark. It is that very masochistic tendency that prompted me to write this blog.

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A favorite book for me in the last decade was Tom Friedman’s The World Is Flat, published in 2005. It simply made me think differently about everything.

It is a complicated book to explain in a few words, but the basic premise (for me) was that much of our modern everyday world is interconnected and interrelated, where an action in one place has a reaction in another place…basic physics and an apt description of life in the 21st century.

For example, Friedman uses an illustration (pre-Affordable Care Act) that the consumer in him loved the low prices and the stockholder in him loved the corporate profits at Wal-Mart, but the good citizen in him didn’t like that most Wal-Mart employees were not covered by health insurance. Low prices for consumers and good wages and benefits for retail employees most often do not coexist.

I will make a further application. In our everyday lives, low taxes are a good thing as long as you accept the implications of those low taxes. But you absolutely cannot demand low taxes and excellent schools, plenty of police, nice roads, working street-lights, spectacular fireworks for the 4th of July and great public libraries. The two issues are connected.

Consider the issue of public libraries. You can get a library card for free and check out books for free. But they were not free. Someone else paid for it or you simply paid for it indirectly and think of it as free. Physical books (and even digital downloads) in a free public library are paid for by tax dollars and donations from benefactors.

Nothing is free. Ever. It is simply a question of who pays for it.

Traditional publishing has “flat-world” issues every day with actions and reactions.

Do you know anyone who works at a book printing company? The printing industry is surviving through consolidation and merger. As eBook use grows, the need for paper decreases and loggers and paper mill workers are laid off because everything is connected.

Communication technology has made location far less important. Fewer and fewer employees of publishing companies (and for that matter, literary agencies) actually work in the building of the publisher or agency. Many telecommute from their homes in another city.

As buying habits shift to online, the physical location bookstores suffer, people lose their jobs and on and on it goes, because everything is connected.

Consumers love Amazon (I love Amazon) and have shifted almost half of all book purchasing to them, but not without casualties. Amazon is a great company, but their growth coincides with the demise of something else and not the expansion of a market.

Bookstores cannot survive selling books. Today, any Christian bookstore sells far more Bible covers, gifts, greeting cards, framed art and church supplies than books and Bibles combined.

Cause and effect happens all the time in every industry and is not unique to book selling. Every retail segment experiences it at some point. It is a natural reaction to the shifting of distribution channels from one to another. A hundred years ago, the Sears catalog devastated small retail shops. Starting fifty years ago, the big box retailers dealt the small independent retailer another body blow.

Even indie publishing has flat-world issues. Indie authors quickly discover that there are a lot of moving parts to publishing a book and is neither easy or devoid of risk. There are cause and effect decisions to be made at every step along the way.

For example, if you hire a really inexpensive editor or proofreader, the good steward in you liked the low price you paid and you spoke about your wise use of money to friends, but the good citizen in you should probably not feel too pleased about having someone work for close to or less than minimum wage. A traditional publisher will have their work edited and proofread multiple times and spend thousands of dollars to get it right…and they still will have errors or problems slip through.

You can always find someone to do all sorts of things for you inexpensively, but generally those costs are not sustainable or fair long term to the one doing the work. A buyers market is great for the buyer, but not so great for the seller.

The same principle applies for inexpensive cover design, photos, illustrations, eBook formatting and any of the other myriad costs that go into making a book.

Let’s be honest. Books from traditional publishers are more expensive than indie published books because publishers employ people, pay for health insurance and other benefits and provide a stable place to work so people can support lives and families long term. Publisher employees like getting cost-of-living raises each year and being able to take sick days. Someone needs to pay for those.

The aspiring author in you might love the idea that thousands of people downloaded your book for free or next-to-free. But the good citizen in you should wonder if too many inexpensive or free eBooks will have a cumulative effect of training readers that the written word should be inexpensive or free.

The legacy of indie publishing should be one of giving art a chance. But I am afraid what the publishing industry will look like in a few years when millions (and billions) of readers have been conditioned to believe author hard work is worth no more than ninety-nine cents.

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Category: Book Business, Economics, Marketing, The Publishing LifeTag: Economics, The Publishing Life

Frankly My Dear, I Ate Some Spam

By Dan Balowon March 24, 2015
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There are a number of things that cause my blood to boil. Radio or TV ads with ten seconds of legalese read at triple speed at the end Coffee mugs in church services Cell phone ringing during a meeting and the person answers it Cell phone ringing in a church service and the person answers it. All political advertising Bicyclists who never obey a single traffic law, ever. Leaky home plumbing. …

Read moreFrankly My Dear, I Ate Some Spam
Category: Book Business, Creativity, TrendsTag: Creativity, Trends

Dear Abby

By Tamela Hancock Murrayon February 26, 2015
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In my current stage of life, I find it freeing not to feel compelled to share my opinion about every topic and to defend that opinion to the verbal death. I don’t feel the urge to prove my rightness through verbal sparring. Joy, indeed! In everyday life, a friend may ask any number of questions. “What do you think of this dress?” means you should say, “Wow! You look …

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Category: Agents, Book Business, Get Published

More About the Family Christian Stores Bankruptcy

By Steve Laubeon February 23, 2015
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Last week we discussed the details of the Family Christian Stores (FCS) Chapter 11 bankruptcy filing. Since then I have spoken to numerous publishers and both industry and outside experts. Much new information has surfaced. What I’m writing here is based on those conversations and on a number of public news reports. Who is Going to Get Paid? FCS owes more than $40 million in unpaid …

Read moreMore About the Family Christian Stores Bankruptcy
Category: Book Business, MoneyTag: bankruptcy, family christian stores

Author Platforms 301 – Part Three – Customer Service

By Dan Balowon February 17, 2015
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This concludes a three part series of posts exploring the issue of author platforms and how to get one.  The Steve Laube agency will offer a downloadable document that will include the three posts plus additional information and resources. The last two weeks we have covered the need for all authors (especially aspiring authors) to develop a “message platform” and some suggestions how to determine …

Read moreAuthor Platforms 301 – Part Three – Customer Service
Category: Book Business, Book Proposals, Branding, Career, Get Published, Marketing, PlatformTag: Author Platform, Marketing, Platform

Author Platforms 201 – Part Two – Consistency

By Dan Balowon February 10, 2015
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Starting last Tuesday and continuing today and next week I will be exploring the issue of author platforms and how to get one.  At the conclusion of this series of blog posts, The Steve Laube Agency will offer a downloadable document that will include the three posts plus additional information and resources. __________ Last week, I talked a little about the need to develop a “message platform”, …

Read moreAuthor Platforms 201 – Part Two – Consistency
Category: Book Business, Branding, Get Published, Marketing, PlatformTag: Author Platform, Platform

Author Platforms 101 – Part One – Message Platform

By Dan Balowon February 3, 2015
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Over the next three weeks, I will be exploring the issue of author platforms and how to get one.  At the conclusion of this series of blog posts, The Steve Laube agency will offer a downloadable document that will include the three posts plus additional information and resources. __________ The “101” in this blog title indicates it is an introductory piece, the beginning or prerequisite to what …

Read moreAuthor Platforms 101 – Part One – Message Platform
Category: Book Business, Branding, Get Published, Marketing, PlatformTag: Author Platform, Marketing, Platform

Don’t Look Now, But You Are Being Followed

By Dan Balowon January 27, 2015
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The world is filled with paranoid delusional conspiracy theorists involved in an elaborate campaign out to get the rest of us! Attention everyone! To the underground bunker! So, you think you own an e-book “reader”?  Think again bunky. That e-book reading machine is spying on you. Seriously folks, if you don’t know this already, your e-book reader is a two-way communication device that allows you …

Read moreDon’t Look Now, But You Are Being Followed
Category: Book Business, TrendsTag: E-Books, E-Readers, Trends

Bestsellers Thirty Years Ago

By Dan Balowon January 6, 2015
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We hop back into our “way-back machine” for our twice yearly trip to the past and see what books were selling before I started losing my hair and life was comparatively simple. January 6, 1985…thirty years ago today, here are the New York Times bestseller lists: Fiction The Talisman, by Stephen King and Peter Straub. (Viking) The Sicilian, by Mario Puzo. (Linden Press/ Simon & Schuster) Love …

Read moreBestsellers Thirty Years Ago
Category: Book Business, The Publishing LifeTag: Bestsellers

The Christmas Truce

By Dan Balowon December 23, 2014
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This is a tough world to figure out. Depending on your worldview, people are either inherently good with the bad habit to do bad things or they are inherently evil who once in a while do something good and wonderful. Because of the belief in original sin, Christians generally adhere to the latter view. One hundred years ago today, something wonderful happened, but was quickly swallowed up by evil. …

Read moreThe Christmas Truce
Category: Book Business, The Publishing LifeTag: Christmas, The Publishing Life
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