Best Business Advice for Writers is a monthly link round-up where I share the best online articles focused on the business of writing and publishing. Share any best reads you’ve found lately in the comments.
A very successful novelist dishes on the sales of his latest novel according to format. I always love graphs, and he offers an insightful one. He writes:
My sales profile here is nicely diversified, but it’s also clear that the largest chunk of my sales are in eBook. I attribute this primarily to two factors: One, my personal presence and history online, which presents me as an “online native,” with a core fanbase of similarly tech-savvy readers; Two, science fiction as a genre tends to have a tech-friendly readership, which is likely to have adopted electronic readers early. A third factor is that eBooks tend to priced more cheaply than hardcovers, which is not insignificant.
7 Splendid Articles on Using Goodreads as an Author by Iain Broome (@iainbroome)
A solid round-up, something to bookmark if you’re interested in using Goodreads for marketing and promotion.
Scroll down to the header “The Siren’s Call” and start reading about the importance of a book cover that pops at small thumbnail size. Lothlorien is exactly right when she says:
Designing a kick-ass book cover for the Kindle Store is one of the most valuable marketing and discoverability opportunities your self-published book is likely to have.
When designing an e-book cover, you MUST assume that every potential reader will see it first as a thumbnail on Amazon’s suggestive selling ribbon and not as a full-sized graphic.
Some tough love here from someone all too aware of the drawbacks and struggles of self-publishing. He doesn’t candy coat the experience.
Modern self-publishing means that you’re on the mercy of the freelancers. All good freelancers are busy—and very good freelancers are very busy. No matter how much you will pay them, they are likely to forget about your book if you don’t pester them continuously. Pestering people and institutions (that includes all sorts of Customer Support) was the first thing I had to learn.
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What I’d Like to See from Booksellers in 2013: A Holiday Wishlist by Edward W. Robertson
While not titled in such a way, this post offers a terrific overview of the strengths and weaknesses of online e-retailers (including Amazon, Smashwords, Kobo, and iBookstore). If you’re a self-publishing author, I highly recommend.
President of Dystel & Goderich Literary Management Jane Dystel: Agents Unwilling to Adapt Won’t Last, interview by Jeremy Greenfield (@JDGsaid)
As Greenfield says in the intro to this interview, “One of the hottest new places for agents to find clients and for publishers to find their next bestselling authors is the self-published bestseller list.” A long-established agent, Jane Dystel, discusses the landscape and what kind of deals she’s negotiating for her clients.
This interview offers an interesting surprise when Lang says that Seth Godin “almost” got it right when advising people on how to use Kickstarter:
Done right, Kickstarter is not the last step [as Godin said]. It’s the beginning of something new—having a community to co-create with. It’s a huge opportunity. As Yancey Strickler told me, “What people often forget is that money gets spent, but a community can stick around forever.”
Some food for thought here if you’re interested in crowdsourcing; go read.
How to Monetize Your Blog Without Selling Your Soul by Michael Hyatt (@MichaelHyatt)
A very clear and concise post about making money from your website or blog, regardless of how much traffic you get—although traffic helps, of course!
Jane Friedman (@JaneFriedman) has nearly 25 years of experience in the media & publishing industry. She is the publisher of The Hot Sheet, the essential newsletter on the publishing industry for authors, and was named Publishing Commentator of the Year by Digital Book World in 2019.
In addition to being a professor with The Great Courses (How to Publish Your Book), she is the author of The Business of Being a Writer (University of Chicago Press), which received a starred review from Library Journal.
Jane speaks regularly at conferences and industry events such as Digital Book World and Frankfurt Book Fair, and has served on panels with the National Endowment for the Arts and the Creative Work Fund. Find out more.