E-Publishing: Breaking through the Consignment’s Confinement

E-publishing

Before the second Bush entered the White House and the Simpsons were up to season 364, aspiring authors only got their books published if they followed the consignment model.

 

We Are Not Alone

Kristen Lamb, author of We Are Not Alone, and the founder of the WANA (We Are Not Alone) movement, describes the consignment model best in her book Rise of the Machines. “A writer writes the book, then queries, then probably gets a stack of rejection letters. After some tough revisions, the writer continues to query. Ideally, they then find an agent who believes in this writer’s work and merit. An agent sells an editor on either a completed novel or an outline/proposal for a book. When the publisher decides to take on a book, that book is then produced, however many steps that might take… Before that book is released, salespeople go out to retailers and negotiate placement for the book” (Lamb, 40).

For most first-time writers, that spot is spine out on a shelf in the New Releases section or in your genre. There, it resides for about six weeks after the 18-24 month process it took to even get it there. “Those front tables and displays can only accommodate a small fraction of the books published each year. Those spots are generally VIP only… Retailers only make a profit off the books that sell” (Lamb, 41).

 

Publishing: The Plight of Newer Authors

This explains why we as consumers often see the same authors in these displays. Stephen King, J.K. Rowling, and John Grisham are household names, and deservedly so, but what does that mean for newer authors?

“Once the clock runs out, the retailer gathers up any unsold inventory and then rips off the covers. They box the unsold books and ship them back to the warehouse at the publisher’s expense. The books are then pulped and turned into other paper products like toilet paper” (Lamb, 41).

Lamb further explains the new author’s plight by mentioning how little power the writer has in their immediate future, especially with their first novel. An agent sells a manuscript to an editor and negotiates the rights and the print run (the number of copies the publisher plans to print) on the writer’s behalf. “A writer can tell almost immediately how much faith a publisher has in her [or his] work by looking at the print run. A low print run generally means the publisher isn’t very confident that a lot of copies will sell” (Lamb, 42). High print runs are a calculated risk on the publisher’s part and, given that advances are becoming a thing of the past and indie publishing is on the rise, the traditional publishing companies are growing more conservative every day.

As it turns out, the creator of the manuscript in the first place is the last to get paid. The publisher, the agent, the cover designers, the line editor, the copy editor, the binder, the printer, the salespeople, and the marketing department all get paid before the author does for their book. It is no wonder that, when Amazon released the Kindle in 2007, authors rushed to take advantage of a new opportunity to get readers to pay for their talents.

The Advantages of E-Publishing 

E-publishing comes with many advantages for writers. By E-publishing, authors are in more control of their creations than ever before. Instead of the publishing process, which takes 18-24 months, an author can get their book published online in mere hours after hitting the “submit” button. They can also set the price for their work and claim a much higher royalty. On Amazon, if you publish a book and charge between $2.99-$9.99 for it, you will receive a 70% royalty. For anything less or more, you will receive 35%, which is still much more than the 8%-10% an author receives any time a physical copy of their book is purchased in a brick-and-mortar store (Amazon).

Getting published online also makes it easier for a new audience to access other works by the author, as opposed to physical copies of books, which usually go out of print. If a reader decides that they like an author’s work, they can purchase other books by the same author with a simple click of a button instead of having to search through catalogs and libraries to find them.

 

The Disadvantages of E-Publishing

But beware. E-publishing can serve as a double-edged sword for writers.

Without the support of a traditional publishing house, self-published authors must wear many hats. Not only are they writers, but they must also outsource or design their own book covers. They have to find their own editors and build their websites. In addition, they have to take charge in all marketing and promotional activities (which includes having a strong presence in social media), set up their own book launch, and more.

Without the skill set or time, this process can be very expensive and taxing on authors. Often, it provides poor results. Most of the first self-published books on Amazon were ripe with grammar and punctuation errors. Also, their book covers were poorly-designed and had little, if any, marketing or promotions. As a result, there was astigmatism toward self-published authors. People thought they had to publish their books themselves because no publishing house would have them.

 

The E-Publishing Gold Rush

Authors who did well early on entered a new aspect of the industry that traditional publishing houses were unprepared for. As a result, they made hundreds of thousands—even millions—of dollars doing so.

These success stories did not go unnoticed. Many mid-list authors, writers unhappy with their publishers, and those who were simply curious decided to become hybrid authors and brought their fan bases with them. The freedom associated with self-published and the pay scale was very attractive to them. If an author has her book bought at Barnes and Noble for $20 and receives 10% of the sale, she gets $2. And by $2, we mean $1.70. Her agent takes their 15%–and that is before taxes. That same author can sell her book online for $2.99 and receive a 70% commission, or $2.09. That same author is more likely to get a larger audience if her book is $17.01 cheaper than at a brick-and-mortar store. She also ends up making a larger profit while doing so.

As a result, the quality of many self-published books and online publishing houses has grown significantly. Most of today’s customers can’t differentiate between a traditionally published book and a well put together self-published title.

To compete, traditional publishing houses are beginning to offer authors a larger percentage of their e-book sales, but to keep up in the new digital world, it may soon be the consignment model’s turn for an evolution.

References:

Amazon. (n.d.). Amazon KDP Pricing Page. Retrieved April 13, 2018, from https://kdp.amazon.com/en_US/help/topic/G200634500#70%

Lamb, K. (2013). Rise of the machines: Human authors in a digital world. (1st  ed.). United States: WANA International.

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