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The Internet as Relief Valve

April 12, 2010 By Mark 6 Comments

Dan Wagstaff had an excellent post up over the weekend at CasualOptimist. Here’s the crux:

My point is not that we should not stop experimenting with new author contracts, transparency, formats, trade terms, or marketing — we need to try new things and be allowed to fail. But this should not come at the expense of consistently good, interesting (and inexpensive) books.

I encourage you to read the post. It’s a summary of things that have been and are being tried to in order to gain a toehold in the new publishing reality, but — as Dan points out — it’s also a reminder that the basic problem is not one of process but product. What is it that is the publishing industry should be selling?

In the comments to the post, I wrote this:

…if the industry needs to contract on the basis of content alone (ignoring other obvious reasons driving a coming contraction) — it seems to me that the internet is a useful mechanism by which that contraction can be managed, as opposed to happening at a more precipitous rate.

I think it’s clear that corporate publishing cannot continue in its present form. It’s top-heavy and badly listing, and sooner or later economic pressures are going to take their toll. Thinking about this over the weekend, it seems to me that even as the internet is the instigator of many of publishing’s woes, it’s also a relief valve of sorts in that it allows publishers to connect readers with content, while at the same time being more (appropriately) selective about which content is turned into physical books. (Note how completely this distinction seems to be lost in the current publishing dialogue at the corporate level, while it is at the heart of discussions at the authorial level.)  [ Read more ]

Filed Under: Publishing Tagged With: e-books, p-book, Publishing

Price, Relativity and Quantum Mechanics

March 23, 2010 By Mark Leave a Comment

I am publishing a collection of short stories as an e-book. Continuing a series of posts on that subject, I’m trying to work through the relevant pricing issues and set a price for that content.

Months ago, when I began idly wondering what my short story collection should sell for, I repeatedly found myself thinking in relative terms. In hindsight that approach seems to make sense given the rampant uncertainty in the e-book market , but it was more coincidence than prescience. I didn’t know how much I didn’t know, and I certainly didn’t know how much the industry didn’t know.

The comparison that popped up the most was what I took to calling hamburger pricing. Invariably this analogy would present itself while I was driving, because it’s impossible to travel anywhere in the United States for more than fourteen minutes without passing a hamburger stand. (I made that statistic up, but please feel free to quote me. The world can always use more urban myths.)

What I kept thinking at the time was that whatever my short story collection was worth, it had to at least be worth the average cost of an average hamburger at an average drive-up window. Without doing any research I pegged that number around $4, and in a lot of ways I felt like the idea made sense.

Which of course it doesn’t.  [ Read more ]

Filed Under: Publishing Tagged With: books, e-books, p-book, price, print

Price Ranges

March 10, 2010 By Mark 7 Comments

I am publishing a collection of short stories as an e-book. In this week’s blog posts I’m trying to work through the relevant pricing issues and set a price for that content.

More than once in my life I’ve had someone tell me they would like to own ItemX. When I asked how much ItemX cost, however, the person replied with, “I don’t know.”

Now, it’s not very often in our commercially saturated lives that we encounter a product which is outside our pricing experience. And that’s particularly true if we know enough about the product to know we want it. Which is why, when this scenario unfolds before me, I invariably respond like this: “Is it a dollar? A million dollars? Ten dollars? A hundred dollars? Ten hundred millions dollars?” And on and on, until the person calmly replies that one of those numbers is close to the mark.  [ Read more ]

Filed Under: Publishing Tagged With: books, e-books, p-book, price, print, short stories