Thursday, October 01, 2009
Tuesday, September 22, 2009
Dan Brown Ebook Sales May not be the tipping point.
According to AP, Doubleday announced Tuesday that hardcover, audio and e-book sales for "The Lost Symbol" topped 2 million copies for its first week of release in the United States, Britain and Canada. The total is "well over" 2 million for English-language editions worldwide, according to Doubleday spokeswoman Suzanne Herz, who declined to offer a specific number. Herz did say that around 5 percent, or 100,000 copies, of "The Lost Symbol" were sold as e-books (http://finance.yahoo.com/news/New-Dan-Brown-novel-tops-2-apf-2025745368.html?x=0&.v=1).
p.s. Please help BookNet aggregate ebook sales!
Friday, September 18, 2009
Tim is now following you on Twitter! hahahahaha(evil laugh)hahaha
Tim (Kirtim) is now following your tweets on Twitter.
A little information about Tim:
197 followers
666 tweets
following 172 peopleThe Twitter Team
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Interview: Peter Collingridge - Read my inovel - Scotsman.com News
After seeing Enhanced Edition, Apple featured it online. Now books by Philip Pullman and David Simon, creator of The Wire, are planned. "Supermarkets sell three books for the price of two. Value is being shipped out of books. We want to add value," says Collingridge.
Wednesday, July 22, 2009
VIA Rail Services Cut in Preparation for Strike
This picture is why it is so nice to commute by train to Toronto. It is also the reason why you might want to book a trip across Canada in the summer by Via , not because you think after all of your hard planning and weird happenings your coveted sleeper car for two seven year olds and their parents is going to be canceled because 340 people can stop this service in Canada.
I don't know how I feel about that -right now quite angry! Keep those points a coming Via I will be able to travel across and back next summer. A kind of doubling up, because now Air travel will go up.
This by the way is a great study for risk management. I suppose if I knew all about the climate of Via I could have seen this coming. However, as it is I found out about this late.
Someone on the train tonight said so did you call via? I said why? And she said oh not because you can do something about it -something like that anyway. But of course I have been following twitter all day and finding out all kinds of stuff.
Friday, July 17, 2009
Bits of Destruction Hit the Book Publishing Business: Part 2
Here is a bookstore owner's nightmare. Customer walks in; browses around; has grand old time in this temple of knowledge; peruses a book that costs $27; takes out Kindle and orders it for $17, right there in front of your nose, using your wi-fi connection. Aaagh!
You wake up sweating at 3:00 in the morning.
Have you noticed all of those best-seller books stacked up at the front of your local bookstore? Did the retailer buy them hoping to sell them all? Of course not. They are relying on a variant of the age-old practice of "sale or return." Publisher have agreed to take back unsold ones for credit. As this article on Bloomberg states:
"Returns date back to the Depression, when publishers implemented the practice as a way to ensure that bookstores would continue stocking new books."
Now that we are in a major recession, or micro-depression, or whatever we're calling it these days, surely this practice will continue. Well, probably not. Digitization, whether via e-book or print on demand, makes it unnecessary. And publishers simply cannot sustain it. Approximately 25% of their books are being returned. Think of what that does to their profit margins.
How can retailers survive if they have to decide what to buy based on their forecast of what will sell? The answer is, they can't. No one can forecast fickle consumer taste. With retailer's profit margins being what they are, one small error could lead to an operation's failure.
But they have to stock their shelves with something, right?
Not necessarily. Have you noticed that bookstores are becoming more like coffee shops and coffee shops are becoming more like bookstores? And that both have wi-fi?
Retail bookstores might look more like community hang-out spots in future, with the following:
- Good (but expensive) coffee and snacks,
- Free wi-fi,
- A few best-selling books and DVDs (under the sale or return policy),
- A way for patrons to order any book in the universe, while taking a cut of the transaction.
This last possibility is not hard to imagine. The customer could have the book delivered to the bookstore if they will be passing by again soon or, for a little extra (plus guilt for the bigger carbon footprint), their home.
These coffee shop/bookstores could even host virtual "Meet the author" sessions on a big screen, with back-channel chats going on via Twitter. And they could host book clubs for both face-to-face meetings and online gatherings.
If the "local printer" model becomes a reality, book delivery would be immediate. We can even imagine digital printers setting up shop in the back of coffee shop/bookstores?
That sounds like fun for readers, authors, and store owners. But for students and the unemployed, the walk to the local library seems all the shorter.
And what about big-box bookstores in malls? Nope. Sell your commercial real estate and big-box retailer stock. That will get ugly.
Article by Bernard Lunn envisions (albeit not a full business plan) the future bookstore.
Tuesday, July 14, 2009
‘Tis Better to Lose a Sale Than Sell an eBook? | Booksquare
At least they’re being honest about it. They’re worried that ebook sales will negatively impact the potential for this title to hit a bestseller list. They’re worried that the difference between earned digital royalties and lost print royalties is too vast. Apparently, ’tis better to have no sale at all and all that.
Too bad bestseller lists aren't based on sales of digital books as well.
Tuesday, June 30, 2009
Seth's Blog: Malcolm is wrong
People will pay for content if it is so unique they can't get it anywhere else, so fast they benefit from getting it before anyone else, or so related to their tribe that paying for it brings them closer to other people. We'll always be willing to pay for souvenirs of news, as well, things to go on a shelf or badges of honor to share.
Monday, June 29, 2009
Book Glutton and Random House team up | TeleRead: Bring the E-Books Home
We’re intrigued by the concept of social reading and want to give online book clubs the unique experience of reading and discussing our books in real-time.
Experimenting with social reading.
Malcolm Gladwell reviews Free by Chris Anderson: Books: The New Yorker
the digital age has so transformed the ways in which things are made and sold that there are no iron laws.
Tipping Point author vs. Long Tail author -may the best sound bite win!
Friday, May 29, 2009
"Coraline: Knitting Little Itty Bitty Outfits"
| You may realize Coraline is stop motion animation and with that comes each puppet in the film and beyond that, someone has to outfit them! Would you believe one woman knitted all of Coraline's sweaters and gloves?! Hard to imagine, yea? Take a look! More on Action-figure.com! | |
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Friday, May 22, 2009
Thursday, May 21, 2009
The Digital Economy
My first ever copyright infringement. I am hoping it is Scribd and not me who is the law breaker in this case. I have since replaced the offensive book with a book called The Digital Economy Fact Book.
Tuesday, May 19, 2009
The Digital Economy Fact Book 9th Edition 2007
Wednesday, April 29, 2009
Gapminder has been providing great visualizations like this for a while and now Amazon and Google are getting in on the public data mining game:
* Since Google's acquisition of Trendalyzer two years ago, they have been working on creating a new service that make lots of data instantly available for intuitive, visual exploration.
* Select public data sets are hosted on Amazon EC2 for free as Amazon Elastic Block Store (Amazon EBS) snapshots. Amazon EC2 customers can access this data by creating their own personal Amazon EBS volumes, using the public data set snapshots as a starting point.
Tuesday, April 07, 2009
Elizabeth May's New Book
Elizabeth May
Elizabeth May is an environmentalist, writer, activist and lawyer. She is the author of seven books and the recipient of numerous awards, including the Order of Canada medal. Since her 2006 election as leader of the Green Party of Canada, she has led the party to an unprecedented level of support among Canadians. May and her daughter, Victoria Cate, divide their time between Ottawa and New Glasgow, Nova Scotia.
Losing Confidence
Power, Politics and the Crisis in Canadian Democracy
Format: Trade Paperback, 280 pages
Publisher: McClelland & Stewart
ISBN: 978-0-7710-5760-1
A ringing manifesto for change from Canada’s Green Party leader and Activist.
We Canadians are waking up from our long political slumber to realize that there will not be change unless we insist upon it. We have a presidential-style prime minister without the checks and balances of either the US or the Canadian systems. Attack ads run constantly, backbenchers and cabinet ministers alike are muzzled, committees are deadlocked, and civility has disappeared from the House of Commons. In Losing Confidence, Elizabeth May outlines these and other problems of our political system, and offers inspiring solutions to the dilemmas we face.
“We no longer behead people in Canada, but Stephen Harper’s coup d’état cannot be allowed to stand, not least because of the precedent. Any future government can now slip the leash of democracy in the same way. This is how constitutions fail.” - Ronald Wright
Friday, February 13, 2009
#TOC notes toward more notes
Certainly one of my big realizations during this conference was how quickly things change in the digital domain. Something that seemed revolutionary and bleeding edge 6 months ago sounds stale or naive today. For instance Sara Lloyd of Manifesto 2.0 fame gave a presentation based on that article and it come across a little bit as resting on your laurels, so the insights from that article had come and gone already.
There were a number of instances like this which prompted Tim Spalding of LibraryThing to say over lunch that he wishes there were a level 2 or some kind of flag that indicated the level of the panel/presentation. I concur.
Tim O'Reilly:
"the best way to predict the future is to invent it" Alan Kay
Tim O'Reilly had a lot of reasons to be excited and at least one of the reasons was the financial collapse. According to Tim difficult times breeds creative solutions, and history bears this out.
Ironically Tim had technical difficulties when starting his presentation which maybe can be used as the metaphor for our times. We are having technical difficulties! But Tim takes these technical difficulties in stride and continues to experiment wildly out in the digital space. In fact Tim is so optimistic that he thinks by 2011 ebooks will be 50% of O'Reilly revenue! That is not a drop in the bucket.
Here are the top reasons that Tim is excited about what is happening:
People are reading a lot
Curation still matters
The rise of Social Media allows you to reflect and amplify - talk about the issues that matter to you.
People are paying for access to information
Content Ubiquity
Out of all of the experimenting that O'Reilly has been doing they have found that:
Safari is their 2nd biggest channel next to Amazon and yet market share is same for print copies
Participation Drives Revenue
* Books from Rough Cuts doubles the sales for finished book in Safari
* Collaborate!
Mobile reading is taking off
* iPhone App outsold print -but print book still the category bestseller
* it is additive - margin is same
* Doubled price to 9.99 and sales dropped by 4x -w went back to lower price
* Googles Algorythmic pricing is exciting
Challenging Notions of Free:
‘MAN, I WANT A COPY OF THIS RESEARCH from "Economics of Free" panel at Tools of Change #toc’ @Doctorow on twitter
A poorly named panel that was really more about piracy and DRM. Both Random House and O'Reilly are experimenting with free content to see if sales are affected when you give away the same book. Mac Slocum from O'Reilly summed it up by saying that piracy is a 'zero sum game'. The short coming of the study was the amount of data and particpants. More research required! However, a rough cuts version of the study is going to be available and not only Cory Doctorow wants it.
Article in the Guardian on Piracy
Lexcycle: Lessons Learned
Presenter: Neelan Choksi COO of lexcycle
"if ebook world had a TigerBeat equivalent: This month's issue would have Neelan Choksi on the cover (and on fold out poster)." @KatMeyer twitter
After introducing himself and the Lexcycle team as a bunch of java geeks Neelan began his presentation by saying that when we look back at ebooks we will see 2008 as the inflection point. Why?
Indicator of mainstream: the holy grail - the Oprah effect: Stanza downloads went through the roof when Oprah mentioned ebooks.
Lexcycle conducted a survey to discover the primary usage of the Stanza reader and found the following:
* 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 the launch of the Fictionwise store on Stanza they have found the average selling price of a title is 10.25.
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 time you remove friction from the purchase experience sales go up
Publisher Lessons
* calls to action need to be clear and contextual
* KISS
* Hold your technology providers (conversion houses) responsible
* Keep experimenting
* Have a budget for marketing e-books
* Support EPUB
* Support DRM-free
Wednesday, February 11, 2009
#TOC Challenging notions of free
Mac Slocum, Brian O'Leary
- Document and assess prior work
- Address data quality
- Analyze and share
Findings
Not binary: Piracy is not Good or Bad
Measures must evolve: data based on print sales
Book industry does not appear to parallel other media
P2P threat may be overstated
(*I saw this article today on the guardian: http://www.guardian.co.uk/technology/blog/2009/feb/09/kindle-ipod-books-piracy)
Sample Matrix: 20 variables and many permutations
Random House: An initial look at sales impact
- Free downloads were correllated with but didn't cause sales
- Found that free downloads didn't hurt sales
Mac Slocum: "It's a zero sum game"
If you are concerned about piracy make sure you pay attn. to where it's happening (rapidshare vs torrents)
Avg. results in small sample were 'up'
range of possible outcomes
It looks a little bit like retail sales - the seeds peaking and dropping off.
Surprises in research
number and range of under the radar free exp available for analysis
strong interest among trade pubs
some strongly positive correlations
low volume of p2p incidence
lag time on p2p seeding
Next steps:
Random house:
- Matrix offers 20 possible options and even more permutations
- 16 books covered in this pass but several with only a limited set of data pts
- More promising opportunities to test:
- Young adult
- backlist for series
- Trade nonfiction
Three useful cautions:
- Correlation isn't causality (noisey environments that these exp took place in)
- Larger samples may uncover an existing skew
- what works today may not work as well at some future date
! Rough Cuts research paper coming soon
brian.oleary@magellanmediapartners.com