Wednesday, February 11, 2009

#TOC lexcycle lessons learned


Presenter: Neelan Choksi COO of lexcycle

e-books inflection point hit in 2008

IDPF talks about 44 million as the wholesale number but there is a lot of confusion/ignorance regarding the numbers for the whole market

Indicator of mainstream:

The Oprah effect: Stanza downloads went through the roof when Oprah mentioned ebooks

iPhone distinctions

  • International reach
  • color display
  • multi-funtion device
  • Built-in wireless
  • No external light required
  • App Store

Primary Usage (%)

  • In bed 31
  • Commuting on bus/train 29
  • In waiting areas 13 (parenting note: read to your kid to help prevent them from seeing the candy aisle)
  • At home 12
  • At work 5
  • At a bar or cafe 5
  • On an airplane 5
  • 2 write-ins mentioned In the bathroom

 

Since launch of Fictionwise store:

Average title price point 10.25

Promotions

  • Pan Macmillan Excerpts

first to notice Stanza

  • Random House Free Titles

Back list of certain authors
excerpts from forthcoming boks

  • Harlequin

4 free minis

Oreilly experiment

The missing Manual = 200 images that render beautifully

Lessons learned:

  • Its all about the people who are reading
  • Quality matters: you get noticed when you're the top dog
  • Every reader is unique give them lots of options to cutsmize their reading
  • every device is unique things that work for one device may not work on another device
  • listen to the user they are happy to tell you what you are doing worng
  • give your readers a voice

 

too much friction in purchase registration - every tme you remove friction sales go up

 

Publisher Lessons

  • calls to action need to be clear and contextual
  • KISS
  • Hold yur technology providers conversion houses
  • Keep experimenting
  • Have a budget for marketing e-books
  • Support EPUB
  • Support DRM-free

 

 

 

Posted via web from Tim's posterous

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