Making Millions in the Digital Middle– Rob Eager posts on the Digital Book World blog that shorter content in varying price points could be a real money make for publishers. Eagar points to Amazon’s success with Kindle Singles. Amazon is selling a variety of lengths and type of content at a price point between $.99 to $4.99. One of the most successful self published authors around is H.M. Ward who regularly sells 20,000 words for $2.99. I’m not paying that but hundreds of thousands of readers are. According to the New York Times, the Kindle Singles division has sold over five million units and made over ten million dollars in less than three years – and they did it profitably!” Digital Book World
B&N Has Better Earnings Despite Sales Decline – Although Barnes & Noble experienced a fall in revenue in three of their operating groups for this quarter, it posted a 13.7% increase in EBITDA, largely due to a decrease in expenses. Revenue declined most sharply in the Nook division, where sales dropped 32.2%. Barnes & Noble attributed this drop to a decrease in digital content sales.
“In the conference call, Mike Huseby, president of Barnes & Noble Inc. and CEO of Nook Media, said the company will look for further ways to “rationalize” the Nook business, but said the priority for the holiday season is to continue to sell its device inventory (including HD and HD+ devices) and to “reverse” the decline in content sales. Huseby said B&N is well aware that it needs to stay in the hardware business if it wants to grow its content business. He said after the holidays, B&N will determine its next steps in the device field, although he stressed that the company ‘is in the device business to stay.’”Publisher’s Weekly
Self-published title shortlisted for business book prize | The Bookseller – For the second year in a row, a self published book is up for the CMI Management Book of the Year. This is a real award as a £5,000 prize accompanies the title. The self published book, Management: A General Theory by John R Berry (Discoverer) shortlisted in the New Manager category, was published via lulu.com The Bookseller
Young adult readers ‘prefer printed to ebooks’ – The Guardian is reports that 62% of young adult readers enjoy print to digital. This surprises them but not me. My kid loves print books. She loves the ownership feel of them and she has no interest in reading digitally.
The two big reasons for preferring print are value for money and an emotional connection to physical books. On questions of ebook pricing, 28% think that ebooks should be half their current price, while just 8% say that ebook pricing is right. The top-rated reasons for preferring physical to digital products were: “I like to hold the product” (51%), “I am not restricted to a particular device” (20%), “I can easily share it” (10%), “I like the packaging” (9%), and “I can sell it when used” (6%). “
We All Take The Same Instagram Photos – This is pretty cool. One artist took (probably without permission) individual’s instagram photos and put them together into a stop motion film. The reason she was able to do this is because we take the same photos, all of us, no matter who we are. We are already a hive mind. Business Insider
Jane Litte is the founder of Dear Author, a lawyer, and a lover of pencil skirts. She spends her downtime reading romances and writing about them. Her TBR pile is much larger than the one shown in the picture and not as pretty.
You can reach Jane by email at jane @ dearauthor dot com