This week I decided to post links to all the stories I have been reading while keeping up with the self-publishing industry. As a self-published author, it is necessary for me to keep up with industry trends so that I might understand the evolving nature of this market. Here are a few I felt were important enough to blog about:
Inc. - Penguin purchased this self-publishing company for $116 million and is getting into the self-publishing game. This shows us how the low cost digital book market is effecting the traditional publishing market when discovering new authors.
2. Nathan Maharaj Audio Interview - Nathan is director of merchandizing at Kobo, Inc. He explains the reasons why 50 Shades of Grey, a book that started out as fan fiction for the Twilight books, is becoming something like the monster that Harry Potter or The Girl With the Dragon Tattoo became. Worth a listen.
3. The Dangers of Chiclitgirls - John Biggs, over at Techcrunch, writes a fantastic expose on the seedy underbelly of self-publishing. Read this story and learn about the dangerous pitfalls of the industry. Great article.
4. The Department of Justice May Destroy Publishing As We Know It - Of all the stories this week, this one scared me. Read this story carefully and be sure to click on the link for the actual "lawsuit". The accusation of "price fixing" in the industry are simply the birth pangs of the digital book age that will have to be addressed so that all parties can be satisfied with the results.
5. Print Books Are Still In High Demand - It turns out that the print book is not going away (like anyone really thought this) and what that means for the self-publisher is that we need to be sure to publish a print edition for our readers as well as the digital editions. There is still a large market for people who read print editions of books. I announced my new book's digital release for August 1st on Facebook and had several people decline not because they wouldn't buy one, but because they don't have e-readers or that they still like to have a physical book in their hands. Self-publishing authors must release print editions or they will miss a large chunk of people who would read their books.