Submitting, Sub-missions and Surrender

 

There is no denying 2009 has been a tough year. I blogged a year ago about the recession and the impact it was going to have on publishing and I have spent the past year talking about the positive aspects which publishers and authors can turn to their advantage. A year on it appears that the impact of the recession is still hurting the retail sector, especially in publishing. The current turmoil at Borders UK shows the severity of a sector in trouble, and many book shops are going to be hoping for a little comfort and joy over the coming holiday season. Supermarkets are doing their utmost to cripple the industry through ridiculously reduced retail prices and even more frighteningly reduced range and options. Publishers are not helping by bowing to their demands the way farmers did. The results of which we have seen in our high streets, towns and villages for the past two decades as local shops – many of them having been established for generations – were forced to close through not being able to complete on price, even if the level of choice, standards, knowledge and understanding of both product and consumer was far superior. What supermarkets don't kill, the lack of flexibility on behalf of landlords and retail business rates will and if we add the submission of the publishing industry to cheapen and give away its products and brand then the future could be very bleak indeed.

It would appear that 2010 is going to be even more challenging a year than the last. A local bookstore close to the town I live in, one which has supported local authors with stocking titles and organising book signings, is closing its doors in a few weeks for the last time after 30 years of service to the area leaving only one chain store and supermarkets as the shoppers choice to purchase books from, not just in that town but the town next to it too.

With the demise of Dillons, Ottakers, Books etc and Borders UK, the outlook does not appear too bright for chain stores let alone the small independents, so what are we left with? A future dominated by one chain store and the supermarkets; Waterstones, appear to have changed its position regarding the way it handles distribution and orders. It is now trying to take on the supermarkets at their own game with promotions that position celebrity novels and teen biographies above genuine new talent. This is commercial suicide unless the approach opens the eyes of consumers in their stores to the increased range over their local ASDA, Morrisons, Sainsbury or Tesco. One thing is for sure, I do not want to be writing about the death of Waterstones in a year's time.

eBooks are being seen as the light at the end of the tunnel and maybe they will realise a genuine revenue stream for authors, publishers and retailers alike, somehow thought I can't see Santa delivering huge numbers of eReaders this Christmas, though I would love to be proven wrong. It appears Amazon is still struggling to get its act together regarding the Kindle in the UK and Sony is not capitalising on the strong market share it should have established here over the past year.

With all this turmoil happening is it any wonder more and more authors are going down a self-publishing route. This is one of the few growing trends in the industry and possibly the one which may be the most worrying for established publishers. Knowing what is involved in setting up a company and taking a book from conception to birth and then on to graduation, I understand the work involved and it is not something I would actively encourage, unless the author has a huge support network; having said that I can understand the frustration with an industry which seems set on pushing the self-destruct button. Our own submission season this year which usually runs for a minimum of three months is closing after only 30 days. The reason why is down to the huge numbers of submissions we have received and to allow us to stay on top of things and provide a decent return time for the authors, be it yes or no.

We hope to open our books again in the New Year, once we have had a chance to review each and every manuscript, but if we reach our target with this batch then nothing will happen again until November 2010at the earliest. The one thing I can say about this year's submissions is that the standard has improved tremendously since last year. I don't know the reasons for this, maybe like wine it is just a good year with the right conditions to deliver a vintage year. Or maybe it is the result of the larger publishing houses cutting back acceptance letters through budget restraints and culling their current long lists...who knows?

What I do know is that for all authors' life is getting harder on all fronts and in some respects the same can be said of publishers and retailers. So maybe now is the time to stop trying to commit commercial hari-kari and have the gumption to set realistic recommended retail prices which actually mean something and stick to them. People willingly part with between £10 and £20 for a film on DVD which will give two hours entertainment. Yet publishers seem unwilling to stand by an rrp of under £10 for a novel which will give many more hours entertainment. I would not like to know the author's royalty payment on a novel sold in a supermarket for £1.99, but I do know you would need to sell a hell of a lot to make it viable.

Submission Season Open

But only for a short while.  Our goal this year is to sign five excellent authors and already this year’s submission season has got off to an excellent start even though the books only opened on Sunday 1st November.  Last year we only signed two authors – Nick Quantrill (Broken Dreams) and Greg Dawe (Theta Head) both of whom have novels being published by us early 2010.  I have been asked by people why we take so long to publish being that we are only a POD company.  I answer why should it be a rushed experience with no editorial guidance for the author or marketing support.  We are a ‘new wave’ publisher who believes in digital technology and on lessening the environmental impact with our approach and we take each submission seriously, as seriously as a traditional publishing house. 

Could the Recession Kill the eBook?

With Borders announcing the closure of its UK brands, Books Etc and Borders Express and ever-increasing competition from supermarkets the world of publishing is looking for a saviour and some see eBooks as being the golden egg laid by the goose. It is true there is a number of new eReaders about to hit the stores but with the recession still having an effect it may be timing that is the biggest enemy.

Waterstones has increased its product display for the Sony machine in its stores and this will raise the profile of the machines and eBooks among those who are unaware of the product but it won't lead a stampede to the tills. There may be a sales blip at Christmas as the curious struggling for the latest must-have gadget or are at a loss for what to buy as a present for a loved one. Unless 2010 shows a real end to the economic downturn publishing may have to endure not only more store closures but disinterest from a public strapped for cash and struggling to cope with a technology which unless fully explained may appear pointless to a majority of potential customers.

Unless the major publishing houses and the supporting media tell the story that needs to be told to the public, eReaders could become a lost opportunity and possibly one of the last opportunities for quite some time. We have seen the erosion of independent book stores from our high streets as they fall to the competition of the chain stores. We are witnessing the erosion of the chain store as it falls to the competition of the supermarkets. If the trend continues we will soon be left with a choice of few titles available (Supermarkets are not known for their wide reaching stock buying, instead choosing to concentrate on a handful of popular titles), fewer authors making a living from writing and ultimately fewer publishers.

We are not at the last chance saloon yet and publishing is pretty much to blame for the state of the trade, so eBooks really could be a saving grace, but there is a combination of events which must occur for them not to become a redundant technology. Much of the onus lies with publishers ensuring they are talking with the people who make the readers, the people who buy the readers and by sticking to a format which is usable across a range of readers. At present this still has not been universally accepted, though ePub should get the nod thus saving another damaging battle between formats which leave the consumer afraid to buy a machine which will not be supported. We all remember what happened to Betamax or HD DVD and the negative impact it has when the public spends its hard earned cash on a system that gets dropped. In a recession people are looking at every penny and need persuasion that their hard earned money is not going to be wasted on yet another technology which won't receive the support it requires.

 

 

POD – The uphill battle

I recently posted this reply on a forum following a comment from an author questioning why Caffeine Nights Publishing only chooses a maximum of 5 authors a year.
The question which prompted my reply was:
"Why only 5 books? Surely POD/electronic publishing isn't all that complicated"

There are hundreds of POD publishers out there (go to Preditors and Editors for some fine examples) who will publish anything and everything and many more that will charge a lot of money for the privilege. Caffeine Nights Publishing is neither. I thought I gave the clue away when I used the word quality, maybe I should also have added discerning. Publishing five new authors a year allows time to treat each book and author selected the quality of service their endeavours requires. We are a new company and maybe I have made some errors of judgement but personally I like to support each author with a decent PR push for their work. After all it is my time and money that is supporting this venture and I have a vested interest to see a return on that investment. Last year we received numerous submissions and most of it would undoubtedly have been picked up by many of the POD publishers who will print the details of a bus ticket without caring about the impact it has on the already tarnished reputation of POD. Most submissions simply were not good enough.

Our books go through a process of editing, re-reading, re-reading and re-reading before they get anywhere near final proof. Our covers are professionally and individually designed in consultation with the author but we have final say on artwork. We have set up excellent distribution channels for eBooks as well as printed and will be rolling eBooks out in the last quarter of 09. Finally, where possible with UK based authors we will be providing a filmed author interview and/or book trailer for each title. By choosing five authors it enables us to retain control over the quality of product, reputation and brand. Sure I could set up a company to fleece authors and bang out any old crap, but I chose the hard road instead by providing a service which is not too common with POD companies and a level of support for authors to ensure that each title receives individual attention.
POD has a poor reputation but many mainstream publishers are seeing the benefits and now publish titles using the technology. Many POD publishers have brought this poor reputation by offering a service which exploits authors and delivers nothing in return except a handful of sales to friends and relatives. I want Caffeine Nights to position itself in new territory which offers a digital publishing service but is not afraid of having high standards.

The Real Lost Symbol

By Darren E Laws

I do not share the recent excitement in the publishing world following the release of Dan Brown's, 'The Lost Symbol' and my criticism has nothing to do with the content of the book, which is probably a rollicking read. My problem and the problem for publishing is that the real lost symbol is this '£'.

I don't know what deals publishers Transworld/Bantam Press are offering retailers to sell the book but with hard back copies being sold for as little as £5 on a book that has a recommended retail price of £18.99 is it any wonder that the industry is in the state it is. Have publishers no concept of perceived value. If Asda is selling the book for £5, which is less than most paperbacks, imagine what price they are buying them at. Sure 'The Lost Symbol' will storm to the top of the bestsellers list but here's the real question. Would it not have done so anyway?

If I were Dan Brown I would be a little upset because the royalty at this sale price for a hard back must be exceptionally low. Though I dare say Mr Brown probably won't notice too much of a dent on his bank balance.

The buzz and the hype around this book would have ensured that if Bantam had the nerve to play hardball with chain stores and supermarkets the price of the book could easily have held at a respectable £12.99 which would be an honest price for a hardback publication. People would still have bought the book in huge numbers and the perceived value of the product would not have been damaged.

Look at how Nintendo control the availability of the Wii every Christmas, making it one of the top selling presents for the past three years. They create demand and then sell at a price which reflects the quality of the product. What Bantam is doing is actually making it harder for other publishers to compete without cheapening their product and brand.

Selling a new and wanted product at such a low price, while one may argue is good for the consumer, actually begins to hurt the industry as a whole and that cannot be good. If I were to offer books at half price or less it tells the public two things:

1. The original rrp is set unreasonably and unrealistically high
   
2. That all of my products should be subject to the same discount
   

This in turn leads people not to trust the pricing model – at £18.99 for a hard back I certainly don't. It also puts extreme pressure on independent bookstores or smaller chains which cannot negotiate such silly rates as Asda obviously have. Again this hurts the industry. So who is to blame?

I like a bargain as much as the next person and I in no way blame anyone for buying The Lost Symbol at knock down prices. I just can't see the sense in the publisher doing it.

The eReader Invasion from the East

By Darren E Laws

If Amazon with the Kindle and the Sony with the eReader think they are going to monopolise the eReader market in Europe there are one or two surprises heading our way from Eastern Europe which may change the landscape. While I still firmly believe that mobile phones will have the edge for the eBook market, there is one or two devices in development that are adding functionality that will equal both of the main players and then some.

Ukrainian company Pocketbook have launched the 360 an eBook reading machine that is Wi-Fi and Bluetooth compatible reads ePub, RTF, DOC and HTML among other formats. The 360 has a tilt reading function which readjusts the text layout no matter which way you turn the machine. For a look at the machine follow this link http://techvideoblog.com/ifa/5-pocketbook-360-e-ink-reader/

It is clear that there is going to be a lot of competition in the market and that is an excellent thing as it will drive down prices and add more functionality to devices. What is clear is that the first colour screen eReader is going to leap to the top of the pile and it isn't far away. Small tablet devices will cross over in this area and the Smit mid-560 with its Google Android operating system will begin to look appealing because of its multi-functionality. This machine is designed and built in China and looks impressive. It is small and because it runs on Android and has been manufactured in China there is a good chance that when it hits these shores the price will be competitive.

I am sure there are many more machines in development from large and small companies alike and each will bring something new and interesting to the market.

Every Little Helps...Kill the Industry

By Darren E Laws
Everyone likes a bargain and it is human nature not to want to pay more for something than is necessary. Money after all is hard to come by. But at what point do we stop to look at the impact our shopping habits is having on our local economy. Arguments rage about the loss of specialist and local stores as supermarkets continue to encroach on a number of retail sectors. The ironic thing is that supermarkets sell this argument on the basis of broadening our choice. Yes, they are broadening our choice in a supermarket context but as small stores close through the impact of losing sales to the likes of Asda, Tesco, Sainsburys and Morrisons among others, we have to begin to question the social consequences as well as the blow to the local economy.

Book sales are a great example of how supermarkets are decimating specialist retail trade. A quick trip down the aisles will reveal paperbacks as low as £1.99 and sometimes less. Great for the consumer who will never want to set foot in a bookstore but bad news for real book lovers. Try purchasing anything other than a ‘popular’ title in a supermarket and then think about the consequences of having little or no alternative as genuine bookstores close.

Publishers currently have their pants in a twist over the Internet, digital content and eBooks but it appears they are quite happy to let supermarkets ride rough-shod over paper sales. The restriction on choice in a supermarket is appalling and will never match that of a decent bookstore even a chain bookstore. I for one do not wish to see any of our books in a supermarket at a give-away price. I know what the margins are and believe me they are slim especially when you take the ancillary costs of marketing, promoting, PR and any other supporting mechanisms out of the bottom line. The major publishers might be able to afford to prostitute their authors but the real price is that they are killing the industry. This all comes back to the old business model adopted by the major players. Print tens of thousands of books of each title and when they don’t sell, give them away to supermarkets and remainder outlets at knock-down prices. How much longer can the industry afford to do this? The major publishers are acting like parasites prepared to eat their own bodies when there is no longer any flesh on the carcass.

It’s crazy when you listen to the top publishers bleating over the state of industry, it would appear they don’t even know they are responsible.