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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 9

Book Business

The Pressure Is On

By Dan Balowon July 28, 2021
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For anyone creating material in any media, pressure is high, not only to gain users but to keep users.

Just because someone subscribes or buys what you create doesn’t mean they are using it. I’ve seen several studies indicating for an average book only 60% that are purchased are ever opened.

Let that statistic sink in.

And since dedicated e-book devices and smartphones are two-way communicators, e-book companies gather a lot of information about their users. Sample data shows some best-sellers have less than 50% of their content read. Several other examples of major titles place the number in the single digits. (That’s 25 pages or fewer read of a 250-page book.)

My guess is the tech companies also know how many people read the last chapter of a novel first to see how the story turned out. They know who you are. No hiding now!

YouTube videos, a major piece of the media puzzle, count a “view” of a video if it is watched for 30 seconds. Producers feel good about their productions if 80% of the video is watched, but some videos have only 20% or less watched by an average viewer before exiting.

Social media is a numbers-driven industry, with any one post read by a small percentage of one’s followers. You might need thousands of connections to make sure a few dozen of them see something you post without paying money to advertise it.

This is not new.

It wasn’t that long ago that companies or organizations would postal-mail a million pieces of something in hopes of getting 20,000 responses.

In the digital world of email marketing, the information is sobering. According to Constant Contact, the list-management email marketing firm, the industry average for all marketing emails indicates less than 20% of subscribers open a particular email and far fewer click on a hyperlink to access something.

The advertising industry is built on the full knowledge a publication or media event might have a million users, but only a small percent sees any one thing like an advertisement.

When you come to the full realization that of the 10,000 books sold with your name on them, only 6,000 were opened and maybe only 1,000 read through entirely, the pressure is on.

The explosive growth of on-demand media in recent years gives interesting insight into habits of users. Of course, print materials are the original on-demand media. And as technology expands, we see several similarities when people start, stop, or drop.

Good editors are immensely important in the book-writing process. A section that is confusing, loosely written, and slow to track can be identified and fixed. Otherwise, readers might not make it past that section.

Best (or worst) book review ever was written by Mark Twain: “Once you’ve put one of his [Henry James] books down, you simply can’t pick it up again.”

The truth about books is they must be the tightest, most-compelling, attention-holding, and interesting of all media from start to finish. It is too easy to stop reading and close the book, never to resume. This is not something churned up by short attention-span, 21st-century society. It has always been true.

The pressure is on.

But don’t worry, next week my blog post is titled “The Pressure Is Off,” so relax, get some tea and cookies. In a little over a week, it will be just fine.

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Category: Book Business, Technology, The Publishing Life, The Writing Life

Coping With Publishing Conflict

By Dan Balowon July 7, 2021
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Here’s a big secret about book publishers: Human beings work there. Even literary agencies have humans working for them. The myth circulating that asserts agents are ET beings using AI processes is greatly exaggerated. So, for the time being, since humans are still involved in the publishing process, the best way to cope with conflict (author vs. editor, author vs. publisher, author vs. author, …

Read moreCoping With Publishing Conflict
Category: Book Business, The Writing Life

Antitrust Issues and Big Tech in Publishing

By Steve Laubeon June 21, 2021
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On June 11, after a 16-month investigation into antitrust issues in the digital marketplace, the U.S. House of Representatives Committee on the Judiciary introduced five bipartisan bills to the House seeking to curtail some of the business practices used by Big Tech companies. The companies in question are primarily Amazon, Apple, Facebook, and Google. Each bill has both a Republican and Democrat …

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Category: Book Business, Publishing News, The Publishing Life

Made for Such a Time

By Dan Balowon April 1, 2021
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Today is a difficult day for Christians as we remember the final full day of Christ’s life before his crucifixion. Deep down, I wish Jesus didn’t have to go through all he did. Reading through the Gospels, it is clear the events of this week were part of a plan and purpose for Jesus living a human existence. He had a unique and stated purpose, even coming right out and saying it numerous times …

Read moreMade for Such a Time
Category: Book Business, Inspiration, Theology

HarperCollins Buying Competitor?

By Steve Laubeon March 29, 2021
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Over the weekend a rumored purchase (now confirmed, see below) has surfaced in The Wall Street Journal (link). The word is that News Corp (owner of HarperCollins and The Wall Street Journal) will be buying the consumer division (HMH Books & Media) of educational publisher Houghton Mifflin Harcourt. If this goes through, it means classic books by C.S. Lewis and J.R.R. Tolkien and George Orwell …

Read moreHarperCollins Buying Competitor?
Category: Book Business, News You Can Use

The Wonder of Amazon Logistics

By Steve Laubeon February 1, 2021
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About thirty years ago I visited two large book-distributor warehouses (Spring Arbor and Riverside Book & Bible) and saw firsthand the inner workings of a pick-and-pack operation. I observed what seemed like miles of shelves and a lot of people scurrying from one place to the next. That is why the video below about the complexity of Amazon’s shipping operation was eye-opening. The use of …

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Category: Book Business, The Publishing Life

Simon & Schuster Bought by Penguin Random House

By Steve Laubeon November 30, 2020
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In case you missed the news last Wednesday, the Big Five will soon become the Big Four. The largest book publisher in the world (Bertlesmann, parent company of Penguin Random House) has successfully bid to buy Simon & Schuster (S&S) publishing house from ViacomCBS. This will make Penguin Random House (PRH) more than twice the size of its nearest competitor, Harper Collins. The price? …

Read moreSimon & Schuster Bought by Penguin Random House
Category: Book Business, News You Can Use, Publishing News

When the Gloves Come Off

By Steve Laubeon August 17, 2020
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Fist Slams Table in Anger

The publishing experience is rarely done in isolation. This means working with other people. And if their performances or efforts do not meet your expectations, conflict can occur. Over the years I’ve seen more conflict than you can imagine–of all types and variety. But the majority of issues boil down to four areas: Editorial Production (cover design?) Marketing and publicity Getting …

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Category: Book Business, Career, Communication, EditingTag: Career, Communication, Editing, Money

Curious About Agents and Publishers and Stuff

By Bob Hostetleron July 1, 2020
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A writer friend recently messaged me with a few questions about agents and publishers and stuff. The “and stuff” is my locution, not hers. So I thought for the benefit or outrage of all, I’d answer her in this space. See how generous I am? No? Okay, be that way. Here goes: I am curious about using literary agents vs. working with a publisher without agent representation. . . . I’ve noticed that …

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Category: Agents, Book Business, Career, Rejection

Responding to Criticism

By Tamela Hancock Murrayon June 18, 2020
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When someone tells me she’s not sure she wants me to read her manuscript, I know she’s not ready for publication. Such sentiment shows a lack of confidence and a fear of both rejection and criticism. Even though readers usually treat writers with respect, a critical word can puncture the heart.

Imagine the wounds delivered on Internet sites such as Amazon from readers who lack that respect. A …

Read moreResponding to Criticism
Category: Book Business, Career, Social Media, The Writing Life, Writing CraftTag: Book Business, Criticism, Rejection, Writing Craft
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