Why have I been so quiet lately? Well, there’s two possibilities on that front. Either the publishing industry has gone back to normal, becoming too static and boring to write about. Or.. I’ve been spending every spare second writing this 215,000-word monster:
Not pictured: the 215,000 words inside |
The Black Star is the third and final entry in the Cycle of Arawn, my epic fantasy series. Right now, the first book (The White Tree) is free, the second book (The Great Rift) is cut to $0.99, and The Black Star is $2.99, meaning you can buy ~1600 pages of fantasy for less than it would cost you to purchase $4.00 of alternate goods and services. You can get The Black Star at all reputable online bookstores:
This is the first series I’ve ever finished, and it feels pretty good. Not just because these books are wayyy long and I was stressed for months about how long it would take me to finish this one. But also because, when I wrote the first book in the series, I couldn’t get an agent for it. So.. that was it. There never would be a series.
I wrote that book in 2007, spent the rest of the year revising it (and multiple times afterwards, too), and spent 2008 trying to find representation for it. In those bygone days of yore, there was no Kindle, no self-publishing as we know it today; self-publishing was still that thing you only did if you couldn’t sell anything to New York and you wanted to use your garage for storing 5000 copies of your book instead of one copy of your car. (Note: I’m being facetious. I think it’s safe to say that was the perception of self-publishers, but after spending the last two years glimpsing what they went through, I’ve got a lot of retroactive respect for the old schoolers.)
Anyway, point is, I always knew how the rest of the series would play out. But due to the realities of the industry, I was never going to get a chance to write it. Not unless—and this is how delusional I was—I became a big name with different books, then forced(?!) my publisher to publish this other, older series no one wanted in the first place.
Uh.. not going to happen, haha. Which stunk. Because I really liked The White Tree. It was the third book I’d written to that point, but it felt like the first one that might be any good.
Don’t get me wrong, it has flaws. Plenty. The structure of its suspense, for one, is less than perfect. In fact, if for some reason you’re possessed to read my books in the order they were written, you can see that structure evolve from The White Tree (third book written) to Titans (fourth) to Breakers (fifth). I think a similar evolution is evident in the sentences, too. For the record, I don’t think my recent books are unassailable works of genius, nor that The White Tree is garbage; I wouldn’t have it available unto the world if I didn’t believe in it. I do. And sometimes, the rawness of a book is part of its appeal.
But in hindsight, I can see why it attracted neither an agent nor a publisher. Even if it’s a fine book, it’s rough in many ways, and getting a foot in the door of traditional publishing is so competitive that you need a book to be as close to perfect as possible. I used to keep track of agent acceptance rates—see, I was a numbers guy even before going all self-pubby—and for all the manuscripts submitted to them in a given year, the typical agent would accept somewhere between 1 in 1000 and 1 in 10,000.
The numbers aren’t quite as dire as that sounds, because of course there is more than one literary agent out there. Even so, it seemed like (very roughly) 1 in 100 novels from unpublished authors wound up being represented and published.
Here is one of the major truths self-publishing has exposed: you don’t need to be in that 1% to connect with readers. A book doesn’t have to be PERFECT. It just has to be.. well, I don’t know. Very good? Good? Good enough? Competent? I have no idea where the Line of Acceptability is drawn. If you had 100 prospective novels in front of you, I don’t know whether the cutoff is generous (whether 33 or 50 or 67 of those 100 “makes it” as readable) or miserly (3 or 5 or 10). I do know that number is more than 1. Possibly by a lot.
Anyway, to return to my long-lost point, The White Tree wasn’t that 1 in 100, and that made me sad. Over the course of writing it, I really fell for the two main characters, Dante and Blays. And Dante’s discovery of magic, and his pursuit of it as a calling, was inspired by all the things I felt about writing. The sense of purpose it gave me. The dedication I’ve found for it. How fun it is. It may have been about swords and gods crazy shadow-weapons, but at its core, it was a very personal book to write.
Without self-publishing, it would have been lost forever.
The second and third books—which I feel much more confident about; to date, I think The Great Rift is my best book, for what that’s worth—would never have been written. The story would never have been told. Now, it’s finished.
Probably, the world would have found a way to exist without the complete Cycle of Arawn. For me, though? It’s a pretty big deal. Without question, the biggest advantage of self-publishing is the financial side; due to the ebook boom, thousands of writers new and old are now making a living off their fiction.
But it isn’t all about the money. The creative side of it is pretty dang rewarding, too. Thanks for reading.
THE EXPERIMENT
Early this year, after getting excited by what the Self-Publishing Podcast crew was up to, and after seeing a friend have great success with it, I decided to try my hand at a serialized novel. Serials were clearly working for a lot of people and it looked like fun on both the writing side (new format!) and the publishing side (a new release every week!).
So I set to work, and by April, I was ready to fling mine out into the world. How did it go?
Well, for the TL:DR version, and my all-time favorite post on the matter of selling serials vs. novels, see Susan Kaye Quinn. The slightly longer version is this: there are advantages to writing serials, but they don’t sell themselves any more than novels do. So if your new release strategies are based on, say, advertising novel-length works, releasing story/novella-length episodes might present you with a challenge.
Anyway, back to my results. I wrote a time travel thriller called The Cutting Room. I decided to write 6 episodes, each one running between 12,000-16,000 words and 84,000 in total, with a TV-style arc. I found a pre-made cover from James at the excellent Go On Write and, for a few bucks more, got him to set me up with six distinct looks as well as a full-length version (a 3D box set version, and a 2D version for Apple, which won’t take 3D covers). Individual episodes looked like this:
Not an ideal nailing of the genre, but suggestive of it, and perfect for the mood. In any event, enjoy the pictures now, because a wall of text is about to follow.
OUT INTO THE WORLD!
The first episode went live April 22, 2013. I alerted my Facebook page, then sent to my mailing list the next day. Neither was huge at that time—my FB page was probably around 100 Likes, as I recall, and my mailing list around 300—but that and some advertising had done quite well for the third book in my Breakers series two months earlier.
Excitement! The first day, I sold.. 4 copies. By the end of the first week, I was sitting pretty at 31. (Amazon.com numbers only—Amazon UK and B&N probably put that around 40, but I didn’t keep records for them.)
Well.
Don’t get me wrong, that’s not bad, given the modest size of my lists and the fact I was offering them a new series in a different format. But by comparison, Breakers #3, augmented by some serious ads, had moved 767 copies on .com in its first week. By contrast, this was looking like a bust.
But the advantage of serialization is you don’t get one release, you get a bunch. Six, in my case. With so many books hanging out as new releases, they should pull each other up the charts. Ideally.
Mine didn’t. To cut to the chase, each episode performed about the same. 25-30 copies sold its first week, about twice that in its first month. In an attempt to kick things up a notch, I made the first episode permafree about three weeks in. That helped a little, but with no way to advertise it on the freebie sites (too short), there was no significant bump.
Here is a chart of my first few weeks. It is mostly made of sad.
This is how each episode fared over its first ten days. Again, Amazon US only. Sales are cumulative; i.e., by day 3, episode #1 had sold 23 copies. Each episode was released exactly a week after the first. So in this chart, Day 1 for episode #2 happened on Day 8 after #1 was released. According to my records, #1 went free the day #4 went live. Also, you’ll note these numbers don’t perfectly match up to the ones I quoted above. That’s because I didn’t start pushing the episodes until the day after they went live, so that’s where I started counting for the chart.
Anyway, not a lot to see here. Every week was about the same as the one before it. At least the few people who got into it stuck with it!
Mostly, the lackluster results were because none of my launches was ever significant enough to start getting the books recommended to other readers. I think that if my first couple days of sales had been 30-60 rather than 10-15, I would have seen growth from episode to episode. Without hitting high enough to garner an internal push from Amazon, I was selling to the same group of saps each week (my readers). (That’s a joke, my readers are the best because they read my books, QED.)
So was it a bust? Well, I’d sold a few hundred copies of the episodes, which was better than a sharp stick in the anything. But my serial didn’t really expand my audience—my primary commercial reason for this experiment—so it certainly felt like a failure at the time. So much so that, before the final episode went live, I altered its ending to be a little more self-contained, so the book could better function as a standalone. (I had ideas for at least one more book if it took off.) Rewriting to audience response (or lack of it) was a fun experience, one you could never pull off in a novel. So, there was that. Overall, however, I was disappointed.
THE COMEBACK
But. I had yet to release the full book. Emboldened by my critical failure as a serialist, and with no momentum on the individual episodes, I decided to go all-out with the complete novel, releasing at $0.99 backed by whatever ads I could scrape together. Here was my cover:
I was in no hurry, and it took about a month to schedule everything, leap through Apple’s hoops, etc. Once it went live into the world, I discovered something funny: a lot of my readers hadn’t been interested in the serialized version, but they were plenty happy to pick up the full novel. With the individual episodes, my readers on FB and my mailing list were good for about 10 Amazon US sales in the first two days. With the full book, over an equal period, they were good for 54, and crossed 100 the day after that.
Then the ads kicked in. Which I could run, because this was a full-length novel, not a 15,000-word short. (Serializing gave me one advantage there, however: since some of my readers had already read the full thing, they were ready to review it right away. It was sort of like ARCs. That I made them pay for. Hahaha.)
With the initial push from my readers, the book became embedded in Amazon’s recommendation algorithms, which the ads helped amplify. Within a week, it had sold 575 copies there. I switched it to $2.99 a couple days after that. By the end of its first month, its Amazon US sales were about 1150, with another 150-200 on the other sites as well. Compare that to 50-60 sales of each episode over a similar timeframe.
Hooray for me! Wait, that’s not what this post is about; this post is about cold-blooded dissection. Where did I leave my scalpel?
LESSONS LEARNED
The first, and the biggest, is that serials aren’t a magic bullet. I guess that should be obvious. Nothing is! Earlier this year, however, it sort of felt like they were; at the very least, it seemed like serialization was a sure-fire way to expand your audience through the boost given to each new release.
For me, it didn’t (except maybe a little bit at Kobo). It could be the book or some part of its presentation hampered it, but whatever the cause, my episodes never gained enough momentum for the algos to take them off to the races.
Know what though, we can break this down. Here’s the main cause of my failure to launch: a) I was starting a new series my readers weren’t familiar with b) in a format they weren’t used to buying (serial rather than novel) c) with a limited fanbase to begin with (~400-500 potential readers on my lists) and d) with no outside sources to augment that potential readership; the episodes were too short to advertise in the venues I was familiar with, and I wasn’t creative enough to find alternate ways to reach people.
So basically, the only people buying the episodes were my core, core readers. The people who would buy and read the Kleenex I just sneezed into. If you’re looking at serializing purely for the benefit of multiple new releases, take a long hard look at your audience and understand that most of them aren’t going to follow your experiment right away.
Genre is part of this equation, too. Serials work better in some genres because those readers are actively searching for new content. Romance, definitely. Erotica/erom, for sure. Zombies, I think so. Time travel special ops? I.. no. No, there’s no rabid readership waiting for the next one of those to drop.
ON THE UPSIDE…
I’m talkin’ all mercenary here, but this experience was a ton of fun. Publishing a new episode every week was a blast. I would love to do that again.
Now, back to mercenary sales talk! Additionally, the format of serials provides you with many opportunities you don’t have publishing full-length novels. After the tepid response to the initial episodes, I was able to adjust my promotional tactics on the fly, permafreeing the first episode before the last was out. Not only that, but I was able to change the last episode itself based on this (lack of) response—since it looked like the season was a failure, sales-wise, I revised the ending to let the book function as more of a standalone story that would, hopefully, be more satisfying and self-contained. ‘Cause I sure as hell wasn’t gonna write a sequel to something nobody appeared to want!
There are obvious dangers with making changes like that, but being able to adjust and adapt to reader response is an incredible option to have in your back pocket.
Also, now that the full book is out there, I still have episode one free pointing to the whole thing. It doesn’t give away copies in the volume that a full book does, but it’s a nice little long-term funnel.
HOW TO DO IT BETTER
First: stick with it. My first season didn’t see any growth from episode to episode, but quite a few people wound up picking up the full novel. I think that, if I were to do more seasons, I would do a lot better. Mostly because my lists are much bigger these days. But also because I’ll have created a readership for The Cutting Room and that readership will be more used to serialization, meaning more of them would pick it up right off the bat.
Along similar lines, it would help lots to serialize something in a series/world where you’ve already got readers. Those people are already waiting for the next installment, whatever it is. That’s going to reduce a lot of their resistance to purchase a different format.
Note that I’m not saying everyone should serialize the next novel in their popular series. Just that, if you are interested in trying a serial, it’s going to help if your readers are already into the world. You could do a spinoff, say; pick up a secondary character or storyline and branch out into that in a serialized format. Now I’d better quit exploring this idea before I convince myself to do it.
Another area to explore with serials is pricing. When I released mine, I screwed up royally. Since $0.99 is the lowest you can charge for an ebook, those faithful readers who picked up The Cutting Room episode by episode paid $5.94. Then when I released the full book, I kicked it out the door at $0.99. That was due to circumstances forcing my hand, but.. that is not how you want to treat your most loyal readers, haha.
So, here’s my wonkiest idea of all: use inverted pricing. Price your episodes so buying them all will cost less than the full book. If you have 4 episodes, buying them will cost a minimum of $3.96; thus, sell your episodes at $0.99, and let your readers know that if they wait to buy the full book, well, it’s gonna cost $4.99. If you’ve got 6 eps, buying them one by one will run them $5.94, but the collection is going to be set at $7.99.
MADNESS!
Yes. Madness. A higher price will make the full-length book less appealing to readers who stumble onto it later. But that price doesn’t have to be permanent; when you get to season two, you could cut a couple bucks off the price of the complete season one. Either way, season one will still have a permafree entry point going for it. You might even package the first two episodes into a double-length pilot, the way a lot of TV shows do, and set that free to help people choose whether to plunk down for the full book. Size matters, gentlemen. If that double-length pilot is up around the 40K word range, you might have an easier time advertising it.
In any event, the point of inverted pricing isn’t to make money here and now on the full-length novels. It’s to take advantage of the perks of multiple new releases, reaching new readers episode by episode, expanding your reach each time. It’s a short-term hit for a long-term gain, Amazon-style.
GOOD LORD THIS IS AS LONG AS A KKR BLOG!
This post has largely banged on about sales, but serializing a novel was a really, really fun experience. I don’t want that to get lost in all the numbers-talk. Serializing challenged me to think about story structure in a new way, and publishing a new episode every single week was tremendously enjoyable. Despite the difficulties, I’d love to try it again some time.
It also taught me a lot about why books sell. Much of what I learned is very basic—people are more likely to buy what they already know and like, be that novel-length fiction or a world they’re already familiar with—but the fact it’s simple means it’s all that more valuable to understand.
The other very simple thing it taught me: episodes aren’t novels. Trying to sell serialized fiction is a much different world than trying to sell full-length books, complete with different advantages and different challenges. If you’re going to try a serial, I would examine those challenges ahead of time and do your best to nullify them.
Maybe that’s just a matter of sticking with it.
(Quick note: Yes, I still exist. I’ve been lost writing an endless fantasy novel, but I’ll resume blogging more regularly once the first draft is done in a couple weeks.)
What is better than stuffing, sweet potatoes, pumpkin pie, and leftovers for days? Nothing. Nothing on earth. But in between naps and the venerable tradition of watching the Lions lose, here’s something else to keep you occupied: 24 books by 24 indie authors for just $0.99 each.
My time travel thriller The Cutting Room is participating alongside a wide array of books including sci-fi, romance, thrillers, and YA. The other authors include multiple award winners and people who’ve made shmancy bestseller lists like the New York Times. It’s a pretty great crew.
Enjoy, happy holidays, and I’m looking forward to posting more soon about the new Kindle Countdown deals, publishing serials, and, of course, pineapples.
A couple days ago, I rejoined the Self-Publishing Podcast once again. This time, we’re talking launch strategies, box sets, sales trends, and how to give a big boost to later releases in your series, among other things. This is either the third or fourth time I’ve been on the show—apparently I’m now the Justin Timberlake to the SPP’s SNL—but I had a particularly great time on this episode, and feel we covered an awful lot of ground.
9/23 Update: Someone contacted Fiverr about a breach of privacy regarding the “quotes” featured in the accusation (which were the only real piece of “evidence” in the entire report). Fiverr confirmed the accuser never worked for their company.
I’m loath to give it any traffic, but you may have heard of a so-called scandal making the rounds: the “Fiverr Report,” which claims to blow the lid off a number of bestselling indie authors who’ve bought fake reviews.
Let’s just get this out of the way: it’s total nonsense.
It’s easy to believe a lot of the big indies got where they are through fraud. Hell, early success John Locke admitted to buying reviews, and if you followed the rabbit trail on his fakes, it led to a lot of other self-published authors. Of course, few of the authors indicated in that scandal were big-time or even midlist indies. Most of the people who appeared to have used the same service as Locke fell into a far different category of author: people who had published one or two or three books, typically in paperback, and had bought a handful of reviews (1-10) to try to increase their nonexistent sales.
This was the pattern because authors who are already selling tons of books don’t need to purchase reviews. The authors fingered in this “report” sell thousands—if not tens of thousands—of books every single month. When you’re moving that many books, your reviews arrive in a steady flow. (For reference, I find I receive about 1 review for every 100 sales. Reviews come in faster when a book has few or none, and start to slow down once you’ve got a whole bunch.)
Sure, these authors could have bought their reviews at the beginning, using them to launch themselves into outer space; in that case, the fake reviews would since be buried/diluted by the real ones that came with all those new sales. But there are at least a couple problems here.
First, I am a crazy author-stalker. I look at dozens of Kindle titles a day. I watch the bestseller lists, the popularity lists, and I keep up with the books and new releases of countless sci-fi and fantasy authors I find interesting. I’m pretty familiar with the careers of at least eight of the authors on this list, and while I can’t say with 100% certainty that none of them has ever bought a review, I know at least some of them haven’t. I’ve watched one of these authors from the very beginning of his career. Literally days after he first published. A flood of fake reviews simply never showed up. If some of the accusations are false, it casts doubt on the whole thing.
Second, the report claims these authors have bought at least 500+ reviews. Several of these authors hardly have 500 reviews across their titles. The math just doesn’t add up. Not given how many copies they’ve sold.
Last, the (probable) author of the report has been outed on KBoards. He isn’t mentioned by name, and I don’t know the evidence to support the accusation, but the author in question is infamous in certain circles. He actually has left hundreds of fake reviews on his books. They’re not there anymore—because Amazon stripped them all, and actually made it impossible for people to leave new reviews on the books—but let’s just say it’s plausible.
In summary, these people wouldn’t need to leave fake reviews, because they’re already tremendously successful. It’s hypothetically possible they could have bought batches of reviews early on when they weren’t selling well, but I know for a fact that isn’t true of some of them. Meanwhile, there’s indications the accusations are being made by another indie with an axe to grind.
No actual evidence is presented. Instead, the report presents several “quotes,” without sources, and then seems to have picked a bunch of popular authors with highly-rated books. And the averages on some of those books could look kind of funny. How is it that a book like the Wool Omnibus can have a 4.7 rating on 6235 reviews while a mega-popular author like Stephen King only has a 4.0 rating across 3382 reviews on Under the Dome?
Part of the answer is the Sequel Effect. The Wool Omnibus may have a 4.7 average, but the main lead-in to the series—Wool the short story—only has a 4.4 average. The difference may seem slight, but a 4.4 is actually far more achievable than a 4.7. My novel Breakers has a 4.4 average on Amazon, for instance. What’s happening here, then, is a lot of people are picking up Wool, but only the ones who like it are then moving on to the Omnibus, whereas people who didn’t like Wool, and are more likely to give it a poor rating, never move any further into the series. And later books are buffered even more. This is why a book like A Modern Witch, first in the series, has a 4.3 average, while the last book in the series has an incredible 4.9 on nearly 500 reviews.
The Sequel Effect isn’t the only factor in why indie authors can pull great ratings compared to big-timers like Stephen King. This is more speculative, but I think self-published authors are often far more engaged with their fans. We speak directly to our readers on Facebook, through email, on forums. This leads to a more active, enthusiastic fanbase, one that may be more likely to have positive feelings about the authors’ books. There’s nothing sleazy about this. It’s just a natural outgrowth of authors who are touched about the fact there are actually people out there—lots and lots of them!—who want to read our silly books.
I think the pace of indie publication may have something to do with it, too. I think there’s an unquantifiable amount of goodwill generated when you put out a new book in your readers’ favorite series every 1-4 months. Thought experiment: Currently, A Feast for Crows has a 3.5 average on about 2500 reviews. A Dance with Dragons sits at 3.6 and 4500.
But many of the reviews flat-out state they’re frustrated with having to wait so long between books. AFFC was published in 2005, five years after the previous novel. ADWD came out six years after that. How much long-simmering resentment toward these books would there be if they’d been published every 5-6 months instead of every 5-6 years? I think a great many readers would be far more forgiving of George R.R. Martin flying off track and spinning his wheels if they knew there would at least be a new sequel later in the year.
Anyway, much like A Song of Ice and Fire, this post has gotten far off-course. The fact is that, while I don’t know with 100% certainty that none of the accused authors are guilty of having bought reviews at some point in the past, the report is clearly a sham. If any of the accused actually has bought reviews, their presence on this list is purely coincidental. It is best to assume that none of the named authors has done anything wrong.
It’s easy to believe accusations like this. Self-published authors have bought reviews in the past. Heck, somebody’s probably buying some right now. Meanwhile, indie book ratings can defy belief.
But a successful indie has less motivation to buy reviews than the author you’ve never heard of. And there are multiple reasons that self-published books wind up with better ratings than traditionally published beloved bestsellers. In the case of accusations like this, you can’t go on the basis that a book’s rating just “feels” wrong. You need evidence. Documentation. Screenshots. A trail of behavior.
This report has none of that. It’s a few undocumented quotes followed by a bunch of completely unsupported claims. It’s not worth the time of day.
Now let’s see how long it takes before Salon runs a report on the rampant cheating in the indie world.
#9 in SF&F! Whee! #133 in the whole store! Champagne party time!
…so, what does that mean in terms of sales? I have absolutely no idea. Nor what its ranking means on Audible. I do know that, if iTunes’ bestseller lists are straightforward, it’s currently outselling all but one of GRRM’s audiobooks, all the Ender novels, hot new stuff like The Bone Season, etc. Additionally, though it’s not ranked as highly on Audible, its reviews are favorable–4.3 on both story and the narrator’s performance. (And the fact there’s already 15 of them is a positive sign for its early sales totals, too.)
What’s unknowable, of course, is.. well, everything. Would Breakers have done this well if I’d produced it myself? I can’t know. Would its ratings, preliminary as they are, have been on par? Again, absolutely no idea. It does seem that most audiobooks get a lot of visibility purely as new releases, regardless of who published them, and I’ll be surprised if it holds its ranks for too much longer. And while Podium did some marketing for it, it didn’t look like anything overwhelming.
Still, it sure looks like a good start.
Are there tradeoffs? Absolutely. Obviously, I make less per sale. I don’t have direct control of anything. I won’t even know how many it’s selling for some time. Heck, for all I know, Podium is a hyper-elaborate ruse and I’ll never see a dime. That would make this whole post look pretty ridiculous!
All I know is that, right now, it’s doing well, I’m happy with the contract, and that this audiobook wouldn’t exist at all if I hadn’t made this decision.
Yet I know it’s not a decision that would make sense for every single author. That’s why I tried to break down my thinking. I hope it’s useful. Any comments or questions, fire away.
Big news today: next month, Amazon is rolling out the Kindle MatchBook program.
What is MatchBook? Well, why don’t I just lazily quote their FAQ:
“The Kindle MatchBook program offers customers who purchase, or have previously purchased, a print book from Amazon.com the option to purchase the Kindle version of that title for $2.99 or less. If you have a print version of your title and enroll the Kindle version in Kindle MatchBook you can earn a royalty from Kindle Direct Publishing (KDP) based on the Promotional List Price (choose from $2.99, $1.99, $0.99, or free) for any Kindle MatchBook sale.”
That could be the entire post, really.
For context, this morning I was reading a cool post by Courtney Milan about estimating the value of your book’s rights. In it, she compares the value of a hypothetical trad contract vs. what you’d earn self-publishing it. Overall, it’s a very reasonable piece that isn’t about banner-waving for one side or the other, but is rather about assessing the money value of either option so you can make the best decision about which route to take.
The problem, sort of, is that she compares both examples over a 35-year span. On the one hand, when you’re talking about book contracts that can for last decades beyond your death–although she points out the rather neat fact that all authors can reclaim their rights after 35 years–it’s perfectly valid to assess the long-term pros and cons about signing such a contract.
On the other hand… who knows how things are going to look 5 years from now, let alone 35.
So, given that the future of the book industry and ebooks in particular is so unknowable, there’s an argument to be made that up-front money–i.e. an advance–should be weighted more heavily than long-term royalty projections. Which isn’t to say I think Courtney’s wrong; her projections sound very reasonable, and thus helpful in reaching a decision about what to do with your book. This is just something to think about.
Anyway, over the course of discussing the ongoing chaos that is present-day publishing, I went to look at how many new ebooks are currently being published. Late last December, I noted there were 1.8 million titles in the Kindle store. Checking the numbers today, there are just over 2.1 million.
300,000 new titles in a little under 8 months.
Prorate that for the rest of 2013, and that’s roughly 472,000 new books.
1293 every day.
54 per hour.
A new ebook is being published to Amazon almost every minute.
I don’t have any particularly strong insight into this. Besides maybe “Holy shit.” But, to circle back to long-term projections, if books continued to be published at the current rate, then 35 years from now, the Kindle store would contain about 18,620,000 books. Nearly nine times as many titles as are available today.
Or not, because 35 years from now, there may well not be a “Kindle” store. I have no earthly idea.
For the record, I’ll readily admit that “Oh man I have no idea how to even begin to approach this” is far less useful than “Here is one method to help you assess the value of your book rights in regards to whether to sell them to a publisher or maintain them for yourself.”
I think Courtney has laid out a very good process for decision-making. It’s a great post. But hard numbers can provoke confidence. I would like to use a few other numbers to illustrate how far away publishing in 2013 might be from publishing in 2048: one (book per minute), half a million (per year), nine (times as many as we have now).