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How Libraries Can Launch
Community Publishing Initiatives
  with Self-Published Ebooks
     Fostering a Culture of Authorship




          Lansing, Michigan
           March 21, 2013

            Mark Coker
        Founder, Smashwords

      Twitter: @markcoker
The opportunity: Build a better
future for readers, writers and
library patrons:
Libraries have long provided an essential community service by making
books and other information products freely available and accessible to
local community patrons. Libraries play a critical role in promoting
literacy, a culture of books and the joys of reading.

With the rise of ebooks, public libraries are at a crossroads. Some
large traditional publishers, which fear digital lending might cannibalize
retail sales of both print books and ebooks, have been hesitant to
supply ebooks to libraries at the very time that library patrons are
clamoring for access to such products.

This three-part presentation outlines the opportunity for libraries to
expand their community role by developing programs that promote a
culture of authorship. By holding seminars and classes, and by bringing
local authors together with readers and aspiring authors, Libraries are
uniquely qualified to orchestrate community resources and talent to
help local writers become professional self-publishers. Unlike
traditional publishers, self-published authors are pro-library. By
developing community publishing initiatives that promote best-
practices for professional self-publishing, libraries will help ensure a
steady and diverse supply of high-quality books for library patrons and
readers worldwide.
About this Slideshare deck:
This series of three presentations was delivered by Mark
Coker, founder of Smashwords, on March 21, 2013 at the Midwest
Collaborative for Library Services symposium held in
Lansing, Michigan.

The presentations have been combined here for ease of access.

Additional text has been added so viewers will gain contextual
background for information that was delivered verbally.


USAGE RIGHTS:
The creator of this presentation, Mark Coker, gives librarians and
library patrons permission to re-use and repurpose any information
in this presentation for the development of educational community
publishing events held a libraries. Contact Smashwords for
updated presentations.
Part I: The Future of Publishing
Libraries Have an Opportunity to Foster a Pro-Library
           Publishing Industry of Tomorrow




                 March 21, 2013
                 Mark Coker
             Founder, Smashwords

         Twitter: @markcoker
Let’s begin with an over-
simplified history of storytelling
In the beginning…
… stories were told with pictures
… or with grunts, spoken language
                        or physical gestures




Image source: http://readpole.blogspot.com/2010/07/firearms-and-firey-legs-camping-tale-of.html
… and then written words were
          invented
… and then monastic scribes
added words and illumination to
     vellum (animal skin)
… and then Gutenberg brought
   moveable type to paper
… which enabled the development of a
  mass market for books (and then
              ebooks)
… which inspired readers to
acquire, read, collect and write
             books


   … which brings us to my
     personal backstory
My wife is a bookworm, just like me. She moved in with a lot
of books. She’s a former reporter for Soap Opera Weekly
magazine. I suggested she write a book about the wild and
wacky world of the soap opera industry. She suggested we
write it together. So we moved to Burbank and started
interviewing industry insiders for their stories. We then
fictionalized the stories into a novel, BOOB TUBE.
Our first draft was 920 pages. Yikes! Like most writers writing
their first book, we had a lot to learn before we were ready to
publish. We read a lot of books on how to write books. We hired
professional editors and book doctors to help us identify our
flaws and learn how to improve our writing. We completed
dozens of revisions and multiple beta reader rounds. At each
stage the book got better, and we grew more excited.
Finally, when it was ready, we shopped it to literary agents and
quickly landed representation by one of the world’s most
respected NY literary agencies. After investing thousands of
hours, we felt closer than ever to realizing our dream of seeing
our book on the shelves of bookstores across the country.
Publishers Said “No”

• Despite the great efforts of
  our agent, every major NY
  publisher said NO (TWICE!)
I imagined hundreds of thousands of
      other writers just like us


         Silenced
I evaluated our options

1. The rational (conventional) option
    Acknowledge we sucked and weren’t
     good enough to become published
     authors
        Curl up in fetal position and cry

        Give up

2. The irrational option
    Believe in ourselves
    Get mad
    Try to fix the problem
How to fix a problem

1. Identify the problem
    Big 6 Publishers!!!
        Toxic to the future of publishing

            Don’t value all writers

            They judge books based on perceived commercial potential

            Unable to take a risk on all writers


2. Visualize the utopian solution
    Every writer should have the right and the ability
     to publish

    Readers should have the power to judge what’s
     worth reading

3. Create the Solution
My Answer: Smashwords




• * FREE * eBook Publishing Platform
 • Free ebook publishing tools help writers
   become ebook publishers
 • Free learning materials to help writers
   adopt best practices of professional
   publishers
 • Open up distribution to ebook stores and
   libraries
Ebooks published at Smashwords

                            191,000




                       92,000

                  28,800

          6,000
    140
How Smashwords Works

• UPLOAD
 • Author uploads their manuscript to
   Smashwords (Word .doc or epub)
 • Instant, free ebook conversion
 • For sale within 3 minutes
• DISTRIBUTE
 • Distribution to retailers and
   libraries
• GET PAID
 • Author earns 60-80% list
 • Quarterly payments
Enough about the past and present.



    Let’s talk about the future
But first, let’s bust a dangerous myth
Am I referring to the Easter Bunny?
The tooth fairy?
Santa Claus???   NO, no and no. I thinking of a
bigger myth…
What myth should we bust?
The Myth of Big Publishing
Writers (and libraries) were taught to
 bow subservient before the altar of
           Big Publishing
Publishers were the bouncers at
   the pearly gates of book heaven
• They promised these Afterlife perks to
  writers
 • editing
 • printing press
 • distribution
 • marketing
 • royalties
 • fame and respect
 • readers
 • “published author” inscribed
   on their tombstone
writers taught they couldn’t become an
author until a publisher blessed them as
                  such


… and unless they got a book deal, they
            were a failure
… and in a sense it was true


Publishers held all the power to connect
          books with readers
Writers were told to keep toiling, and
                waiting…


   Rejection would make them stronger


 “You’ll get published when you perfected
your craft like these other great writers” …
Justin Bieber got a book deal
Snooki got a book deal
Kourtney, Kim and Khloe got a book deal
Stop

Don’t sell your soul
The old model of
publishing is broken

It has become harmful
        to writers
       to readers
       to libraries
 to the future of books
Publishers have amassed too
            much power


• Publishers Decide

 • What writers can publish
 • What readers can read
 • What libraries can buy
  • limiting ebooks at libraries
  • outrageous pricing of ebooks
Big Publishers Not Friendly to
                 Libraries

• Reluctant to sell ebooks to libraries
• Publishers fear
 •   Library ebooks will cannibalize print books
 •   Library ebooks will cannibalize retail ebook
     sales
 •   Library ebooks don’t wear out
Big Publishers Fail to Understand
     that Libraries Drive Discovery
               and Sales

• Libraries help reach new readers
 • 41% of library cardholders who read
   ebooks purchased their most
   recently read ebook (Pew)
 • 50% of library card holders go on to
   purchase books by authors they first
   discovered at the library (Library
   Journal, Bowker)
Do publisher-controlled ebooks threaten the future
of libraries?
Yes.
Yet the future for ebooks
at libraries is brighter than
             ever
WHY?
THE POWER CENTER IN BOOK
PUBLISHING IS SHIFTING FROM
   PUBLISHERS TO WRITERS
AS WE’LL LEARN IN A MOMENT, WRITERS
          ARE PRO-LIBRARY
FIVE TRENDS TO ROCK THE WORLD OF
         LIBRARY EBOOKS
TREND ONE:

Reading Moving to Screens
Screens are the new paper
Ebooks as a percentage of US
             wholesale trade market
  30

  25

  20

  15

  10

    5

    0
        2002        2004         2006         2008         2010         2012

Source: Association of American Publishers, publishers.org. 2012 Smashwords estimate
Ebooks to overtake print

Print books


                                                               Ebooks




                                                          Print books
 Ebooks
                      Dollars               Units
Since most market share numbers measure dollar sales, and because
ebooks are less expensive than print, the market data UNDERESTIMATES
how quickly reader eyeballs are moving to ebooks. On a unit volume
basis, ebooks will likely surpass print within a year. Follow the eyeballs!
Why ebooks are hot


•   Screens offering reading experience that
    rivals – or exceeds – paper


    •   Changeable font size      A   B    C     D
•   Ebooks offer better consumption experience
    •   Lower cost than print
    •   Convenient discovery, sampling and acquisition
    •   Huge selection
TREND TWO

The Rise of Ebook Self-Publishing
  (a.k.a indie ebook publishing)
Number of books published indie
           vs. traditional



                                          Indie
                                          books




                                         New trad.
                                           books
                  Today?
More ebooks are self-published than traditionally
published. This trend will continue. In the
future, most books will be self-published.
Readers are Embracing Indie
                    Ebooks

•   Indies scaling all the bestseller lists
    •   Four Smashwords authors hit August 5 2012 NY
        Times Bestseller list.
    •   Every week, indie ebooks are in the bestseller lists
        of every retailer
    •   Every week, every retailer is featuring Indie ebooks
Indie Ebook Authors are Out-
       Competing Big Publishers

• Indie authors have a greater ability to
  satisfy readers
 • faster time to market
 • greater creative control
 • lower expenses
 • better distribution to global market
 • immortal ebooks never go out of print
 • lower prices to consumers
 • economics: Indie authors earn more per
   book
QUADRUPLE +
Indie vs. Traditional: The
     percentage of list price earned by
                 the author

         Indie                     Traditional
    60-80%                            12-17%
•   Indies earn more at lower prices
     •   At $2.99, an indie author earns more (~$2.00) than
         a traditionally published author selling an ebook
         at $10.00 ($1.20-$1.70)

     •   Lower price = reach more readers = more sales at
         higher profits per sale
         •   The economics will drive more authors to favor indie ebook
             publishing vs. traditional methods.
TREND THREE

 Publishers Losing Monopoly as
Writers Gain Tools to Self-Publish
Big Publishers Losing Their
                      Monopoly
•   Publishing tools and know-how
    are freely available (Smashwords):
    •   Printing press
    •   Distribution
    •   The knowledge of professional publishing best-
        practices

•   Writers asking:
    •   “What can a publisher do for me that I can’t do for
        myself?”
    •   “Will a publisher actually harm my ability to reach
        readers?”
        •   YES. Publishers charge too much, and limit distribution to
            libraries
TREND FOUR

The Previous Stigma of Self-
 Publishing is Disappearing
Stigmas to reverse: Soon, more
         writers will aspire to join the cool
             kids club of indie authors
  Aspire                               Aspire
Traditional                             Indie




Aspire
 Indie
                                         Aspire
                                       Traditional
  5 yrs ago Today?         Future?
TREND FIVE

As Publishers Turn their Backs on
Libraries, Self-Published Authors
   Ready to Embrace Libraries
Self-Published Authors Are
                 Pro-Library

• Survey of 200+ Smashwords
  authors/publishers (June 2012)
 •   82% believe by exposing their books to
     library patrons, they’ll sell more books at
     retail
 •   2/3 said they’d price their books for libraries
     equal to or lower than the retail price
 •   24% said they’d give their books to libraries
     for FREE
The Plan Forward
The 5 Trends Create a Future that Benefits
      Readers, Writers and Libraries
Patrons

• Patrons want
 • Accessibility
 • Discoverability
 • Diversity
Authors (the new publishers)

• Authors want
 • Availability
 • Discoverability
 • Readership
• Authors want to support
  libraries
Libraries

• Libraries
 • Promote a culture of reading
 • Satisfy patrons with
  • Accessibility
  • Discoverability
  • Diversity
  • Curation
 • Deliver readership to authors
Ebook self-publishing
aligns the interests of
libraries, patrons and
        authors
Libraries have an exciting
opportunity to create a brighter
       future for books
THE PATH FORWARD FOR
      LIBRARIES:


  1. Embrace ebooks

2. Promote a culture of
      authorship
Embrace Indie Ebooks (Step 1)

• Implement ebook checkout
  systems. Two options:
 •   Outsource
     •   Baker & Taylor Axis 360, 3M Cloud
         Library, Overdrive, others

 •   Insource
     •   Douglas County Model + Smashwords Library
         Direct + direct relationships with progressive
         publishers

• Utilize crowd-sourced models of
  curation
Promote Culture of Authorship
                (Step 2)

• Facilitate Community Publishing
  •   Orchestrate workshops, seminars, panels
      to promote best practices for writing and
      publishing
  •   Help your community of writers to publish
      locally, distribute globally

• Smashwords can help
  •   Free training materials
  •   “Publish to the library” with co-branded
      publishing platform (see next part of this
      presentation for LGPL example)
Welcome to the new world of
        publishing
Free Ebook Publishing Resources




•   NEW! Secrets to Ebook Publishing Success (best
    practices of successful authors)
•   Smashwords Book Marketing Guide (how to market any
    book)
•   Smashwords Style Guide (how to format an ebook)
Thank you for considering the
                   future!

                    Q&A
Connect with Mark Coker and Smashwords:


Web: www.smashwords.com
Blog:    blog.smashwords.com
LinkedIn: linkedin.com/in/markcoker
Facebook: facebook.com/markcoker
HuffPo: huffingtonpost.com/mark-coker
Twitter: @markcoker
Part II: Ebook Publishing 101
How Libraries Can Promote a Culture of Authorship




               March 21, 2013
               Mark Coker
           Founder, Smashwords

        Twitter: @markcoker
Part II: Ebook Publishing Primer
               for Libraries


1. Overview of Smashwords community
   publishing pilot program with Los
   Gatos Public Library

2. Introduction to ebook publishing
 • Ebook self-publishing checklist
Community Publishing Pilot Program
          with Los Gatos Public Library
•   Kudos to Henry Bankhead of LGPL for his
    mentorship and encouragement
•   Working with LGPL, we developed a 3-part
    seminar series to promote a culture of
    authorship
    •   Introduction to ebooks (for patrons, writers, library
        staff)
    •   Introduction to ebook publishing (for writers, staff)
        •   The next part of this deck covers this primer.

    •   Ebook publishing best practices (writers, staff)
        •   Part III of this deck covers the best practices

•   LGPL co-branded publishing portal (NEW LAST
    WEEK!)
LGPL Publishing Portal (Step 1)




• Local writer asks
 • How do I publish an ebook?
 • How do I make my ebook available to my
   community library?
LGPL Publishing Portal (Step 2)




•   Custom hyperlink from LGPL web site leads to
    Smashwords
LGPL Publishing Portal (Step 3)




Writer signs up for free Smashwords account. Note co-
branding.
LGPL Publishing Portal (Step 4)




Smashwords manages end-to-end relationship from publishing to
payments

For the life of this writer at Smashwords, each time they
publish, they’ll be reminded of their connection to their
community library.
LGPL Publishing Portal (Step 5)




•   Smashwords provides a FREE publishing platform, and
    free best-practices resources:
    •   Smashwords Style Guide (how to format and publish an ebook)

    •   Smashwords Book Marketing Guide (how to market any book)

    •   Secrets to Ebook Publishing Success (best practices of
        successful authors)
LGPL Publishing Portal (Step 6)

•   Future plans
    •   Once LGPL implements an ebook checkout system, the
        building blocks will be in place for local authors to
        “Publish to the Library”
    •   With over 50,000 authors, Smashwords has authors in
        nearly every zip code in the US.
        •   These authors can be invited to the library to for
            seminars, workshops and panel discussions to mentor fellow
            writers about ebook self-publishing

•   The co-branded publishing portal is free to the
    library. Contact Smashwords to learn how. Or, if
    the co-branding element isn’t important, simply
    link to Smashwords without the co-branding.
Let’s learn how to publish and distribute an
                   ebook!

(Note to librarians: This is an updated version of the Ebook
  Publishing Primer, presented by Smashwords in the LGPL
 seminar series. Libraries are welcome to use this for their
      own community publishing initiatives, or contact
        Smashwords for the most up-to-date version)
Checklist for Publishing an Ebook
 Finish a super-awesome book
 Format the book prior to conversion
 Prepare cover image
 Prepare the metadata
 Ebook conversion to multiple formats
 Pricing
 ISBNs
 Copyright
 Distribution to retailers, libraries
 Piracy
 Marketing
Finish Your Super-Awesome Book


• Ebook publishing tools make
  publishing fast, free and
  easy, but…
 • They don’t make it easy to write a
   great book
  • You (the author) are the publisher, act
    like one
    •   Edit, edit, edit, revise, revise, revise

    •   Involve beta readers (then revise again)

    •   Hire professional editor if necessary
Ebook Formatting
Formatting is the layout and design
 process to prepare your book for
            publication
Formatting for Smashwords




300,000+
Downloads!
Formatting Secrets


• Forget (some of) what you know
 • Don’t try to make e- look like p-
  • Ebooks consumed differently than print
  • Less = more with ebooks
  • Remove narrative from images
  • Liberate text from complex formatting
    and layout
  • Design for reflowability, small screens
Reflowability: Allows text to
shape shift (reflow) across all
        screen sizes
         •       Example of Smashwords novel, All Good
                 Things Die in L.A. by Anhoni Patel

             •     iPhone, using the Stanza reader. User-
                   selected options: Font: Verdana;
                   Background pattern: Stone carving; text
                   color: Dark Violet; Font size: larger than
                   normal
Cover Image
Create Your Ebook Cover

• Covers are important
 • First impression
 • Covers are both marketing and content
 • Make it:
    engaging, matched to target audience
    professional
    good as thumbnail
    good as B&W, greyscale
DIY Cover, or Hire Professional?

• Unless you’re an expert graphic
  designer or cover designer, hire an
  expert
 • Email list@smashwords.com for low cost
   cover designers and formatters
 • It’s inexpensive: $50-$100 (Mark’s list) or
   $100-$300 elsewhere (still cheap!)
   •   Cover design is the lowest-cost, highest-impact
       investment an author can make.
Most of us design terrible covers
So I Hired a Pro for $45.00




Send email to:
list@smashwords.com
for “Mark’s List”
Metadata
Metadata is information about
           your book

• Metadata enables
 • Categorization
 • Discovery
 • Sales reporting
 • Author payments

• Some metadata you or your publisher
  will create
 • Some is auto-generated
Metadata = Data About Your
                           Book
•   You Determine:          •   Auto-generated post-
                                publication:
    •   Book title
                                •   Publication date
    •   Contributors
                                •   Sales rank
    •   Book description
                                •   People who bought X bought Y
    •   Tags
                                •   People who viewed X viewed Y
    •   Category
                                •   Reviews
    •   Price
                                •   Page views
    •   Cover image
                                •   Sales data
    •   ISBN

    •   Language

    •   Formats
Ebook Conversion
Conversion = Turning your formatted
manuscript into an ebook file readable on
    multiple ebook reading devices
E-reading Devices
Ebook Conversion Options

        Conversion Options


         1. Automated
            (Smashwords, Amazon)

         2. DIY conversion tools
            (Calibre, Sigil, Adobe InDesign)

         3. Hire ebook formatter/
            designer/coder
            (Complex books)
Pricing
Pricing

•   Determine objective
    •   Platform building, sales, or both?
        •   Low prices generate more sales volume, and more
            volume = more readers

        •   If you don’t care about making money, price it at
            FREE, where you’ll get ~100 times more download
            volume than a priced book.

•   Think like a fisherman
    •   Blended strategy of chum and hooks, low prices and
        higher prices
        •   Publish multiple books, and play at multiple price points

•   Non-fiction supports higher prices than fiction
ISBN
What’s an ISBN?

• What it is:
 • Unique digital identifier
 • A 13-digit number
 • Helps supply chain communicate about
   book
 • Required for distribution to
   Apple, Sony, Kobo
• What it is NOT:
 • Does not connote ownership or copyright
 • Does not imply “professional” or “real”
 • Not a common discovery method
Where to Obtain an ISBN

• Go to Bowker.com
 • Expensive unless you purchase blocks of
   10+
 • Lists you as “publisher” in Books in Print
• Go to Smashwords
 • FREE ISBNs
Copyright
Copyright Simplified

• By publishing something you
  created, you have copyright
 • Copyright entitles you to an exclusive
   bundle of rights

• The notation of   ©   is optional
• For best legal protection, go to
  Copyright.gov and register copyright
  online
• Learn more at the Copyright Clearance
  Center at www.copyright.com
Distribution to retailers
Ebook retailers and library
aggregators want indie ebooks
         (partial list)
Support ALL your retailers

Diversify your exposure, avoid exclusivity,
               think globally
Two options for getting your book
        on a retailer’s virtual shelves
1. Use a Distributor (such as Smashwords)
  •   Upload one file, distribute to many retailers

  •   Benefits: Centralized sales reporting and
      payments, simplified tax reporting, time savings
      from centralized publishing, distribution and
      metadata management. Spend more time writing!

2. Direct to Retailers
  •   Format for each specific retailer

  •   Upload to, and manage each retailer separately

  •   Apple, Amazon, Pubit and Kobo offer direct
      platforms

  •   Sony, Diesel, libraries usually require distributor
Distribution to libraries
Libraries and ebooks


• Libraries are important to the future of
  books. Libraries…
 •   Make books available and accessible to
     everyone
 •   Promote literacy and a culture of books to
     children and adults alike
 • Facilitate community around books
     •   Bring readers face to face with authors

 •   Beginning to offer ebook lending
Libraries Drive Discovery


• Libraries help reach new readers
 • 41% of library cardholders who read
   ebooks purchased their most
   recently read ebook (Pew)
 • 50% of library card holders go on to
   purchase books by authors they
   discovered at the library (Library
   Journal, Bowker)
Big publishers are not friendly to
                 libraries

• Big publishers refuse to sell ebooks, or
  charge outrageous multiples of the
  retail price
• Publishers fear library ebooks will
 •   cannibalize print books
 •   cannibalize retail ebook sales
 •   never wear out
Smashwords and our 50,000+
          authors and publishers see
                 opportunity
• Smashwords library initiatives:
 •   Custom library pricing
 •   Smashwords Library Direct (direct sales to
     libraries operating their own checkout
     systems [DCL model])
 •   Distribution via major library aggregators
     •   Baker & Taylor Axis 360

     •   3M Cloud Library

     •   Overdrive (coming soon!)
Piracy
Everything you need to know
             about piracy

• Don’t worry about piracy
 • Obscurity is your biggest risk
• Black hat pirates who steal your book
  wouldn’t have purchased it anyway
• Most piracy is accidental – it’s
  enthusiastic fans marketing your book
  for you
• Combat piracy by making your book
  easier to purchase than steal
Irrational fear of piracy leads
           leads to obscurity

• The only reliable method of piracy
  prevention is to NEVER PUBLISH
• Anti-piracy measures such as DRM only
  limit availability, accessibility and
  enjoyment
Marketing
Traditional marketing isn’t as
    important as you think it is

• Marketing is a catalyst, not fuel
 • Your book is your best marketing
 • Reader word of mouth determines your
   success
 • Viral catalysts amplify word of mouth



• Build permanence
 • Platform building
   •   Platform is your ability to reach readers, or people
       who can help you reach readers
The Plan Forward
The Publishing Industry is in flux. These
             changes will…



          Benefit Indie Authors

 Disadvantage Traditionally Published
              Authors
Writers are the future of publishing
Every writer’s words have value
Writers possess stories and
knowledge that deserve to be shared


   Writers have a right to publish
Indie authors are their own
       gatekeepers
Honor your readers
Give readers great books that are as
 good or better than those released
          by Big Publishers

 (and do it faster with lower prices)
The task before you is not easy, yet…
The Opportunity to Reach Readers
     Has Never Been Greater
You’re in charge now.
Key points to remember


• Free tools make ebook publishing
  fast, free and easy to publish a book
• Although it’s easy to publish, it’s
  difficult to write a great book
 • Honor your readers with a great book!
 • A great book is your best marketing
 • Study and implement best practices
 • Iterate
 • Support libraries!
Free Ebook Publishing Resources




•   NEW! Secrets to Ebook Publishing Success (best
    practices of successful authors)
•   Smashwords Book Marketing Guide (how to market any
    book)
•   Smashwords Style Guide (how to format an ebook)
Q&A




Connect with Mark Coker and Smashwords:


Web: www.smashwords.com
Blog:   blog.smashwords.com
LinkedIn: linkedin.com/in/markcoker
Facebook: facebook.com/markcoker
HuffPo: huffingtonpost.com/mark-coker
Twitter: @markcoker
Part III: The Secrets to Ebook
      Publishing Success
    Ebook Publishing Best Practices




          March 21, 2013

          Mark Coker
      Founder, Smashwords

    Twitter: @markcoker
Summary of Parts I and II


• Part 1 – The Future of Publishing
 • Power in publishing industry is shifting to
   writers
 • Writers are pro-library
 • Libraries should assist local writers to
   publish more, better books

• Part II – Ebook Publishing 101
 • How libraries can facilitate community
   publishing
 • Ebook publishing checklist
Part III: Best Practices


• We’ll build upon the foundational
  knowledge of Parts I & II and
  learn:
 • The best practices of the most
   commercially successful indie ebook
   authors
 • How to get your book discovered amid a
   glut of books
Let’s talk best practices


 (Note to librarians: This is an updated version of the Ebook
Publishing Best Practices talk, presented by Smashwords in
the LGPL seminar series. Libraries are welcome to use this
  for their own community publishing initiatives, or contact
         Smashwords for the most up-to-date version)
Self-publishing platforms like
Smashwords make ePublishing and
       eDistribution Easy…
Reaching Readers is Still Difficult             *

 *   but achievable if you emulate best practices
Let’s review the best practices of
  the best-selling indie authors
Secret One
#1 Your best marketing is a
           great book

• With the power to publish comes
  the responsibility to be a great
  publisher
• Honor your reader with a great
  book
 • Turn readers into evangelists

• Be fanatical about quality
   • Edit, revise, edit, revise, repeat, proof
   • Leverage beta readers
Secret Two
#2 Create a Great Cover image

• Invest in a quality cover image
 • Your first impression on path to discovery
 • Look professional
 • Resonate with target audience
 • Makes a promise to the reader
 • Should arrest reader with thumb nail
Don’t create an ebook cover image
by photographing your print book_
Great covers make a promise




A good cover image tells the reader – with image alone – what
they’re going to experience with the book. Covers should be
genre-appropriate, and carefully targeted to your target reader.
More on this (see the comments too) at
http://blog.smashwords.com/2013/03/six-tips-to-read-reader-tea-
leaves-how.html
Here’s another promise
And now a case study…
Look what happened when the
 author went from this cover
… to this cover…
The cover sparked a multi-week
      breakout at Apple
And landed her on the NY Times Bestseller
                   List
Secret Three
#3 Publish Another Great Book


• The best-selling authors on
  Smashwords offer deep backlists
• Each new ebook offers
  opportunity to
 • cross-promote other titles
 • build trust with your reader
 • build your brand
Secret Four
#4 Give (some of) Your Books
            away for Free

• Most misunderstood, underutilized
  market development tool
• If you have a deep backlist, offer at
  least one full-length book for free
 • Eliminates financial risk for first-time
   readers
 • Turbocharges a series

• The highest grossing
  authors/publishers at Smashwords offer
  at least one free book
Secret Five
#5 Patience is a Virtue


•   Ebooks are immortal
    •   Never go out of print
•   When your book lands at retailer, it’s a
    seedling, nourish it
    •   Never pull out by the roots

•   Ebooks develop differently
    •   Traditional print books – big sell-in, then yanked
        from shelves, then sales go to zero
    •   Ebooks – can start small and grow slowly before
        breakout
    •   Let’s look at some examples…
Slow boil, breakout, slow
  boil, bigger breakout
Slow boil, slow build, breakout,
            slow boil
Slow boil, breakout, slow
 boil, smaller breakouts
Slow boil to breakout




Ruth Ann Nordin’s An Inconvenient Marriage. This book broke
out at another retailer a year before it broke out at Apple.
Ebooks break out at different retailers at different times. It’s
one reason it’s important to maintain broad, non-stop exposure
to multiple retail channels.
Secret Six
#6       Maximize Availability, Avoid
                      Exclusivity

•   Ebook retailing is not like sports, religion or politics
    •   Don’t try to pick a single winner. Play the field.

•   If your book is not available at every retailer, it’s not
    discoverable or purchasable

•   Retailers, libraries & device-makers invest millions of
    dollars to attract readers to your books

•   Maximize availability at retailers AND libraries

•   Exclusivity angers fans, limits audience, increases
    your dependence upon a single sales outlet
Ebook retailers want indie
   ebooks (partial list)
Secret Seven
#7 Trust Your Readers and
              Partners


• Don’t worry about piracy
 • Copy protection is counterproductive
 • If you don’t trust your readers to honor your
   copyright, you’ll reach fewer paid readers

• Trust your supply chain partners
 • If you limit distribution due to lack of
   trust, you’ll limit your sales
Secret Eight
Secret #8      Architect for Virality


• Books have always been a word of
  mouth business
 • Your readers determine your success

• Understand the power of your “First
  Reader”
 • Reach First Readers with marketing
The Viral Dream




First reader




                   More Readers
Viral Decay, The Reality




First reader




                    Readers
Negative Virality



                                              This book
                                               sucks!!!!


     First reader
     = Last reader
               Fun fact: 29 of 30 recent Apple bestsellers
     had rating of 4.5 stars of 5. Write a book that moves the reader
to an emotionally pleasing extreme if you want to generate word of mouth.
How to Architect for Virality


• Implement the Secrets
• Eliminate friction that limits
 • availability
 • sampling
 • purchasing
 • enjoyment

• Leverage viral catalysts
What’s a Viral Catalyst?
•   A viral catalyst is anything that makes your
    book more available, accessible, desirable
    and enjoyable to readers




•   Read the Secrets to Ebook Publishing Success (it’s
    FREE!) to learn how viral catalysts spur word-of-mouth
Viral Catalysts


• Every thing you do right increases
  virality

 Great cover              Social media enabled
 Great story              Sampling enabled
 Professionally edited    Multiple formats
 Great title              Broad distribution
 Great book description   Quality formatting
 Great book               Good categorization
 Great marketing          LUCK!
 Fair price
Secret Nine
Secret #9 Unit Volume is Lever
             for Success



• Unit volume (sales and downloads)
  increase readership, drives readers to
  your backlist, increases fan base
• Unit volume X royalty per unit = profit
• Pricing strategy essential to maximize
  both
How Price Impacts Units Sold




In a 2012 study, Smashwords found that a book priced at $2.99 sells
6.2 times more units than a book priced over $10.00. Low prices drive
unit volume. But at what price does the author net the most earnings?
What Price Yields Highest
                      Earnings?




Under $1.99 underperforms. $2.99 and up earns about the same. Q: if given the
choice to price at $2.99 or $10+, what’s the best option? A: For most
authors, especially genre authors, the $2.99 gets more 6.2X more readers and
about the same earnings. Readers, in the long run, will drive future earnings
because they’ll buy all your books, and will spawn word of mouth. This is why
indie authors have platform-building advantage over traditionally published authors
(whose books are priced too high by their publishers). Once a true fan is
earned, they’ll be willing to pay more. Several SW authors have started with low
prices, then increased prices after they built fan base.
Secret Ten
Secret #10 Practice Partnership
                 and Positivity

•   Your fellow authors and service providers are
    your partners
    •   Help them be successful

    •   Learn from them

    •   Share your secrets

•   Positivity trumps negativity
    •   Relationships give you upper hand

    •   Internet rants are permanent

    •   Google alerts keeps no secrets
Secret Eleven
Secret #11   Think Globally
Apple, B&N, Kobo, Amazon and
   others are going global

You Have the Tools to Reach a
  Worldwide Market Today

     The tools are FREE
The market for your English-language books
outside the US will soon dwarf the US market

 Apple operates iBookstores in 51 countries.
  We distribute to Apple. In January 2013,
~48% of Smashwords Apple iBookstore sales
            were outside the US
Secret Twelve
Secret #12      Pinch Your Pennies


• You’re running a business
 • Profit = Sales minus Expenses

• Most books don’t sell well (!!!!)
• NEVER borrow money to publish a book
• NEVER spend or invest money you
  need for food and shelter
• DIY then reinvest
Thanks for Listening, and Good Luck!
Free Ebook Publishing Resources




•   NEW! Secrets to Ebook Publishing Success (best
    practices of successful authors)
•   Smashwords Book Marketing Guide (how to market any
    book)
•   Smashwords Style Guide (how to format an ebook)
Q&A




Connect with Mark Coker and Smashwords:


Web: www.smashwords.com
Blog:   blog.smashwords.com
LinkedIn: linkedin.com/in/markcoker
Facebook: facebook.com/markcoker
HuffPo: huffingtonpost.com/mark-coker
Twitter: @markcoker

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How Libraries Can Launch Community Publishing Initiatives with Self-Published Ebooks

  • 1. How Libraries Can Launch Community Publishing Initiatives with Self-Published Ebooks Fostering a Culture of Authorship Lansing, Michigan March 21, 2013 Mark Coker Founder, Smashwords Twitter: @markcoker
  • 2. The opportunity: Build a better future for readers, writers and library patrons: Libraries have long provided an essential community service by making books and other information products freely available and accessible to local community patrons. Libraries play a critical role in promoting literacy, a culture of books and the joys of reading. With the rise of ebooks, public libraries are at a crossroads. Some large traditional publishers, which fear digital lending might cannibalize retail sales of both print books and ebooks, have been hesitant to supply ebooks to libraries at the very time that library patrons are clamoring for access to such products. This three-part presentation outlines the opportunity for libraries to expand their community role by developing programs that promote a culture of authorship. By holding seminars and classes, and by bringing local authors together with readers and aspiring authors, Libraries are uniquely qualified to orchestrate community resources and talent to help local writers become professional self-publishers. Unlike traditional publishers, self-published authors are pro-library. By developing community publishing initiatives that promote best- practices for professional self-publishing, libraries will help ensure a steady and diverse supply of high-quality books for library patrons and readers worldwide.
  • 3. About this Slideshare deck: This series of three presentations was delivered by Mark Coker, founder of Smashwords, on March 21, 2013 at the Midwest Collaborative for Library Services symposium held in Lansing, Michigan. The presentations have been combined here for ease of access. Additional text has been added so viewers will gain contextual background for information that was delivered verbally. USAGE RIGHTS: The creator of this presentation, Mark Coker, gives librarians and library patrons permission to re-use and repurpose any information in this presentation for the development of educational community publishing events held a libraries. Contact Smashwords for updated presentations.
  • 4. Part I: The Future of Publishing Libraries Have an Opportunity to Foster a Pro-Library Publishing Industry of Tomorrow March 21, 2013 Mark Coker Founder, Smashwords Twitter: @markcoker
  • 5. Let’s begin with an over- simplified history of storytelling
  • 6. In the beginning… … stories were told with pictures
  • 7. … or with grunts, spoken language or physical gestures Image source: http://readpole.blogspot.com/2010/07/firearms-and-firey-legs-camping-tale-of.html
  • 8. … and then written words were invented
  • 9. … and then monastic scribes added words and illumination to vellum (animal skin)
  • 10. … and then Gutenberg brought moveable type to paper
  • 11. … which enabled the development of a mass market for books (and then ebooks)
  • 12. … which inspired readers to acquire, read, collect and write books … which brings us to my personal backstory
  • 13. My wife is a bookworm, just like me. She moved in with a lot of books. She’s a former reporter for Soap Opera Weekly magazine. I suggested she write a book about the wild and wacky world of the soap opera industry. She suggested we write it together. So we moved to Burbank and started interviewing industry insiders for their stories. We then fictionalized the stories into a novel, BOOB TUBE.
  • 14. Our first draft was 920 pages. Yikes! Like most writers writing their first book, we had a lot to learn before we were ready to publish. We read a lot of books on how to write books. We hired professional editors and book doctors to help us identify our flaws and learn how to improve our writing. We completed dozens of revisions and multiple beta reader rounds. At each stage the book got better, and we grew more excited. Finally, when it was ready, we shopped it to literary agents and quickly landed representation by one of the world’s most respected NY literary agencies. After investing thousands of hours, we felt closer than ever to realizing our dream of seeing our book on the shelves of bookstores across the country.
  • 15. Publishers Said “No” • Despite the great efforts of our agent, every major NY publisher said NO (TWICE!)
  • 16. I imagined hundreds of thousands of other writers just like us Silenced
  • 17. I evaluated our options 1. The rational (conventional) option  Acknowledge we sucked and weren’t good enough to become published authors  Curl up in fetal position and cry  Give up 2. The irrational option  Believe in ourselves  Get mad  Try to fix the problem
  • 18. How to fix a problem 1. Identify the problem  Big 6 Publishers!!!  Toxic to the future of publishing  Don’t value all writers  They judge books based on perceived commercial potential  Unable to take a risk on all writers 2. Visualize the utopian solution  Every writer should have the right and the ability to publish  Readers should have the power to judge what’s worth reading 3. Create the Solution
  • 19. My Answer: Smashwords • * FREE * eBook Publishing Platform • Free ebook publishing tools help writers become ebook publishers • Free learning materials to help writers adopt best practices of professional publishers • Open up distribution to ebook stores and libraries
  • 20. Ebooks published at Smashwords 191,000 92,000 28,800 6,000 140
  • 21. How Smashwords Works • UPLOAD • Author uploads their manuscript to Smashwords (Word .doc or epub) • Instant, free ebook conversion • For sale within 3 minutes • DISTRIBUTE • Distribution to retailers and libraries • GET PAID • Author earns 60-80% list • Quarterly payments
  • 22. Enough about the past and present. Let’s talk about the future
  • 23. But first, let’s bust a dangerous myth
  • 24. Am I referring to the Easter Bunny?
  • 26. Santa Claus??? NO, no and no. I thinking of a bigger myth…
  • 27. What myth should we bust?
  • 28. The Myth of Big Publishing
  • 29. Writers (and libraries) were taught to bow subservient before the altar of Big Publishing
  • 30. Publishers were the bouncers at the pearly gates of book heaven • They promised these Afterlife perks to writers • editing • printing press • distribution • marketing • royalties • fame and respect • readers • “published author” inscribed on their tombstone
  • 31. writers taught they couldn’t become an author until a publisher blessed them as such … and unless they got a book deal, they were a failure
  • 32. … and in a sense it was true Publishers held all the power to connect books with readers
  • 33. Writers were told to keep toiling, and waiting… Rejection would make them stronger “You’ll get published when you perfected your craft like these other great writers” …
  • 34. Justin Bieber got a book deal
  • 35. Snooki got a book deal
  • 36. Kourtney, Kim and Khloe got a book deal
  • 38. The old model of publishing is broken It has become harmful to writers to readers to libraries to the future of books
  • 39. Publishers have amassed too much power • Publishers Decide • What writers can publish • What readers can read • What libraries can buy • limiting ebooks at libraries • outrageous pricing of ebooks
  • 40. Big Publishers Not Friendly to Libraries • Reluctant to sell ebooks to libraries • Publishers fear • Library ebooks will cannibalize print books • Library ebooks will cannibalize retail ebook sales • Library ebooks don’t wear out
  • 41. Big Publishers Fail to Understand that Libraries Drive Discovery and Sales • Libraries help reach new readers • 41% of library cardholders who read ebooks purchased their most recently read ebook (Pew) • 50% of library card holders go on to purchase books by authors they first discovered at the library (Library Journal, Bowker)
  • 42. Do publisher-controlled ebooks threaten the future of libraries?
  • 43. Yes.
  • 44. Yet the future for ebooks at libraries is brighter than ever
  • 45. WHY?
  • 46. THE POWER CENTER IN BOOK PUBLISHING IS SHIFTING FROM PUBLISHERS TO WRITERS
  • 47. AS WE’LL LEARN IN A MOMENT, WRITERS ARE PRO-LIBRARY
  • 48. FIVE TRENDS TO ROCK THE WORLD OF LIBRARY EBOOKS
  • 50. Screens are the new paper
  • 51. Ebooks as a percentage of US wholesale trade market 30 25 20 15 10 5 0 2002 2004 2006 2008 2010 2012 Source: Association of American Publishers, publishers.org. 2012 Smashwords estimate
  • 52. Ebooks to overtake print Print books Ebooks Print books Ebooks Dollars Units Since most market share numbers measure dollar sales, and because ebooks are less expensive than print, the market data UNDERESTIMATES how quickly reader eyeballs are moving to ebooks. On a unit volume basis, ebooks will likely surpass print within a year. Follow the eyeballs!
  • 53. Why ebooks are hot • Screens offering reading experience that rivals – or exceeds – paper • Changeable font size A B C D • Ebooks offer better consumption experience • Lower cost than print • Convenient discovery, sampling and acquisition • Huge selection
  • 54. TREND TWO The Rise of Ebook Self-Publishing (a.k.a indie ebook publishing)
  • 55. Number of books published indie vs. traditional Indie books New trad. books Today? More ebooks are self-published than traditionally published. This trend will continue. In the future, most books will be self-published.
  • 56. Readers are Embracing Indie Ebooks • Indies scaling all the bestseller lists • Four Smashwords authors hit August 5 2012 NY Times Bestseller list. • Every week, indie ebooks are in the bestseller lists of every retailer • Every week, every retailer is featuring Indie ebooks
  • 57. Indie Ebook Authors are Out- Competing Big Publishers • Indie authors have a greater ability to satisfy readers • faster time to market • greater creative control • lower expenses • better distribution to global market • immortal ebooks never go out of print • lower prices to consumers • economics: Indie authors earn more per book
  • 59. Indie vs. Traditional: The percentage of list price earned by the author Indie Traditional 60-80% 12-17% • Indies earn more at lower prices • At $2.99, an indie author earns more (~$2.00) than a traditionally published author selling an ebook at $10.00 ($1.20-$1.70) • Lower price = reach more readers = more sales at higher profits per sale • The economics will drive more authors to favor indie ebook publishing vs. traditional methods.
  • 60. TREND THREE Publishers Losing Monopoly as Writers Gain Tools to Self-Publish
  • 61. Big Publishers Losing Their Monopoly • Publishing tools and know-how are freely available (Smashwords): • Printing press • Distribution • The knowledge of professional publishing best- practices • Writers asking: • “What can a publisher do for me that I can’t do for myself?” • “Will a publisher actually harm my ability to reach readers?” • YES. Publishers charge too much, and limit distribution to libraries
  • 62. TREND FOUR The Previous Stigma of Self- Publishing is Disappearing
  • 63. Stigmas to reverse: Soon, more writers will aspire to join the cool kids club of indie authors Aspire Aspire Traditional Indie Aspire Indie Aspire Traditional 5 yrs ago Today? Future?
  • 64. TREND FIVE As Publishers Turn their Backs on Libraries, Self-Published Authors Ready to Embrace Libraries
  • 65. Self-Published Authors Are Pro-Library • Survey of 200+ Smashwords authors/publishers (June 2012) • 82% believe by exposing their books to library patrons, they’ll sell more books at retail • 2/3 said they’d price their books for libraries equal to or lower than the retail price • 24% said they’d give their books to libraries for FREE
  • 67. The 5 Trends Create a Future that Benefits Readers, Writers and Libraries
  • 68. Patrons • Patrons want • Accessibility • Discoverability • Diversity
  • 69. Authors (the new publishers) • Authors want • Availability • Discoverability • Readership • Authors want to support libraries
  • 70. Libraries • Libraries • Promote a culture of reading • Satisfy patrons with • Accessibility • Discoverability • Diversity • Curation • Deliver readership to authors
  • 71. Ebook self-publishing aligns the interests of libraries, patrons and authors
  • 72. Libraries have an exciting opportunity to create a brighter future for books
  • 73. THE PATH FORWARD FOR LIBRARIES: 1. Embrace ebooks 2. Promote a culture of authorship
  • 74. Embrace Indie Ebooks (Step 1) • Implement ebook checkout systems. Two options: • Outsource • Baker & Taylor Axis 360, 3M Cloud Library, Overdrive, others • Insource • Douglas County Model + Smashwords Library Direct + direct relationships with progressive publishers • Utilize crowd-sourced models of curation
  • 75. Promote Culture of Authorship (Step 2) • Facilitate Community Publishing • Orchestrate workshops, seminars, panels to promote best practices for writing and publishing • Help your community of writers to publish locally, distribute globally • Smashwords can help • Free training materials • “Publish to the library” with co-branded publishing platform (see next part of this presentation for LGPL example)
  • 76. Welcome to the new world of publishing
  • 77. Free Ebook Publishing Resources • NEW! Secrets to Ebook Publishing Success (best practices of successful authors) • Smashwords Book Marketing Guide (how to market any book) • Smashwords Style Guide (how to format an ebook)
  • 78. Thank you for considering the future! Q&A Connect with Mark Coker and Smashwords: Web: www.smashwords.com Blog: blog.smashwords.com LinkedIn: linkedin.com/in/markcoker Facebook: facebook.com/markcoker HuffPo: huffingtonpost.com/mark-coker Twitter: @markcoker
  • 79. Part II: Ebook Publishing 101 How Libraries Can Promote a Culture of Authorship March 21, 2013 Mark Coker Founder, Smashwords Twitter: @markcoker
  • 80. Part II: Ebook Publishing Primer for Libraries 1. Overview of Smashwords community publishing pilot program with Los Gatos Public Library 2. Introduction to ebook publishing • Ebook self-publishing checklist
  • 81. Community Publishing Pilot Program with Los Gatos Public Library • Kudos to Henry Bankhead of LGPL for his mentorship and encouragement • Working with LGPL, we developed a 3-part seminar series to promote a culture of authorship • Introduction to ebooks (for patrons, writers, library staff) • Introduction to ebook publishing (for writers, staff) • The next part of this deck covers this primer. • Ebook publishing best practices (writers, staff) • Part III of this deck covers the best practices • LGPL co-branded publishing portal (NEW LAST WEEK!)
  • 82. LGPL Publishing Portal (Step 1) • Local writer asks • How do I publish an ebook? • How do I make my ebook available to my community library?
  • 83. LGPL Publishing Portal (Step 2) • Custom hyperlink from LGPL web site leads to Smashwords
  • 84. LGPL Publishing Portal (Step 3) Writer signs up for free Smashwords account. Note co- branding.
  • 85. LGPL Publishing Portal (Step 4) Smashwords manages end-to-end relationship from publishing to payments For the life of this writer at Smashwords, each time they publish, they’ll be reminded of their connection to their community library.
  • 86. LGPL Publishing Portal (Step 5) • Smashwords provides a FREE publishing platform, and free best-practices resources: • Smashwords Style Guide (how to format and publish an ebook) • Smashwords Book Marketing Guide (how to market any book) • Secrets to Ebook Publishing Success (best practices of successful authors)
  • 87. LGPL Publishing Portal (Step 6) • Future plans • Once LGPL implements an ebook checkout system, the building blocks will be in place for local authors to “Publish to the Library” • With over 50,000 authors, Smashwords has authors in nearly every zip code in the US. • These authors can be invited to the library to for seminars, workshops and panel discussions to mentor fellow writers about ebook self-publishing • The co-branded publishing portal is free to the library. Contact Smashwords to learn how. Or, if the co-branding element isn’t important, simply link to Smashwords without the co-branding.
  • 88. Let’s learn how to publish and distribute an ebook! (Note to librarians: This is an updated version of the Ebook Publishing Primer, presented by Smashwords in the LGPL seminar series. Libraries are welcome to use this for their own community publishing initiatives, or contact Smashwords for the most up-to-date version)
  • 89. Checklist for Publishing an Ebook  Finish a super-awesome book  Format the book prior to conversion  Prepare cover image  Prepare the metadata  Ebook conversion to multiple formats  Pricing  ISBNs  Copyright  Distribution to retailers, libraries  Piracy  Marketing
  • 90. Finish Your Super-Awesome Book • Ebook publishing tools make publishing fast, free and easy, but… • They don’t make it easy to write a great book • You (the author) are the publisher, act like one • Edit, edit, edit, revise, revise, revise • Involve beta readers (then revise again) • Hire professional editor if necessary
  • 92. Formatting is the layout and design process to prepare your book for publication
  • 94. Formatting Secrets • Forget (some of) what you know • Don’t try to make e- look like p- • Ebooks consumed differently than print • Less = more with ebooks • Remove narrative from images • Liberate text from complex formatting and layout • Design for reflowability, small screens
  • 95. Reflowability: Allows text to shape shift (reflow) across all screen sizes • Example of Smashwords novel, All Good Things Die in L.A. by Anhoni Patel • iPhone, using the Stanza reader. User- selected options: Font: Verdana; Background pattern: Stone carving; text color: Dark Violet; Font size: larger than normal
  • 97. Create Your Ebook Cover • Covers are important • First impression • Covers are both marketing and content • Make it:  engaging, matched to target audience  professional  good as thumbnail  good as B&W, greyscale
  • 98. DIY Cover, or Hire Professional? • Unless you’re an expert graphic designer or cover designer, hire an expert • Email list@smashwords.com for low cost cover designers and formatters • It’s inexpensive: $50-$100 (Mark’s list) or $100-$300 elsewhere (still cheap!) • Cover design is the lowest-cost, highest-impact investment an author can make.
  • 99. Most of us design terrible covers
  • 100. So I Hired a Pro for $45.00 Send email to: list@smashwords.com for “Mark’s List”
  • 102. Metadata is information about your book • Metadata enables • Categorization • Discovery • Sales reporting • Author payments • Some metadata you or your publisher will create • Some is auto-generated
  • 103. Metadata = Data About Your Book • You Determine: • Auto-generated post- publication: • Book title • Publication date • Contributors • Sales rank • Book description • People who bought X bought Y • Tags • People who viewed X viewed Y • Category • Reviews • Price • Page views • Cover image • Sales data • ISBN • Language • Formats
  • 105. Conversion = Turning your formatted manuscript into an ebook file readable on multiple ebook reading devices
  • 107. Ebook Conversion Options Conversion Options 1. Automated (Smashwords, Amazon) 2. DIY conversion tools (Calibre, Sigil, Adobe InDesign) 3. Hire ebook formatter/ designer/coder (Complex books)
  • 109. Pricing • Determine objective • Platform building, sales, or both? • Low prices generate more sales volume, and more volume = more readers • If you don’t care about making money, price it at FREE, where you’ll get ~100 times more download volume than a priced book. • Think like a fisherman • Blended strategy of chum and hooks, low prices and higher prices • Publish multiple books, and play at multiple price points • Non-fiction supports higher prices than fiction
  • 110. ISBN
  • 111. What’s an ISBN? • What it is: • Unique digital identifier • A 13-digit number • Helps supply chain communicate about book • Required for distribution to Apple, Sony, Kobo • What it is NOT: • Does not connote ownership or copyright • Does not imply “professional” or “real” • Not a common discovery method
  • 112. Where to Obtain an ISBN • Go to Bowker.com • Expensive unless you purchase blocks of 10+ • Lists you as “publisher” in Books in Print • Go to Smashwords • FREE ISBNs
  • 114. Copyright Simplified • By publishing something you created, you have copyright • Copyright entitles you to an exclusive bundle of rights • The notation of © is optional • For best legal protection, go to Copyright.gov and register copyright online • Learn more at the Copyright Clearance Center at www.copyright.com
  • 116. Ebook retailers and library aggregators want indie ebooks (partial list)
  • 117. Support ALL your retailers Diversify your exposure, avoid exclusivity, think globally
  • 118. Two options for getting your book on a retailer’s virtual shelves 1. Use a Distributor (such as Smashwords) • Upload one file, distribute to many retailers • Benefits: Centralized sales reporting and payments, simplified tax reporting, time savings from centralized publishing, distribution and metadata management. Spend more time writing! 2. Direct to Retailers • Format for each specific retailer • Upload to, and manage each retailer separately • Apple, Amazon, Pubit and Kobo offer direct platforms • Sony, Diesel, libraries usually require distributor
  • 120. Libraries and ebooks • Libraries are important to the future of books. Libraries… • Make books available and accessible to everyone • Promote literacy and a culture of books to children and adults alike • Facilitate community around books • Bring readers face to face with authors • Beginning to offer ebook lending
  • 121. Libraries Drive Discovery • Libraries help reach new readers • 41% of library cardholders who read ebooks purchased their most recently read ebook (Pew) • 50% of library card holders go on to purchase books by authors they discovered at the library (Library Journal, Bowker)
  • 122. Big publishers are not friendly to libraries • Big publishers refuse to sell ebooks, or charge outrageous multiples of the retail price • Publishers fear library ebooks will • cannibalize print books • cannibalize retail ebook sales • never wear out
  • 123. Smashwords and our 50,000+ authors and publishers see opportunity • Smashwords library initiatives: • Custom library pricing • Smashwords Library Direct (direct sales to libraries operating their own checkout systems [DCL model]) • Distribution via major library aggregators • Baker & Taylor Axis 360 • 3M Cloud Library • Overdrive (coming soon!)
  • 124. Piracy
  • 125. Everything you need to know about piracy • Don’t worry about piracy • Obscurity is your biggest risk • Black hat pirates who steal your book wouldn’t have purchased it anyway • Most piracy is accidental – it’s enthusiastic fans marketing your book for you • Combat piracy by making your book easier to purchase than steal
  • 126. Irrational fear of piracy leads leads to obscurity • The only reliable method of piracy prevention is to NEVER PUBLISH • Anti-piracy measures such as DRM only limit availability, accessibility and enjoyment
  • 128. Traditional marketing isn’t as important as you think it is • Marketing is a catalyst, not fuel • Your book is your best marketing • Reader word of mouth determines your success • Viral catalysts amplify word of mouth • Build permanence • Platform building • Platform is your ability to reach readers, or people who can help you reach readers
  • 130. The Publishing Industry is in flux. These changes will… Benefit Indie Authors Disadvantage Traditionally Published Authors
  • 131. Writers are the future of publishing
  • 132. Every writer’s words have value
  • 133. Writers possess stories and knowledge that deserve to be shared Writers have a right to publish
  • 134. Indie authors are their own gatekeepers
  • 136. Give readers great books that are as good or better than those released by Big Publishers (and do it faster with lower prices)
  • 137. The task before you is not easy, yet…
  • 138. The Opportunity to Reach Readers Has Never Been Greater
  • 140. Key points to remember • Free tools make ebook publishing fast, free and easy to publish a book • Although it’s easy to publish, it’s difficult to write a great book • Honor your readers with a great book! • A great book is your best marketing • Study and implement best practices • Iterate • Support libraries!
  • 141. Free Ebook Publishing Resources • NEW! Secrets to Ebook Publishing Success (best practices of successful authors) • Smashwords Book Marketing Guide (how to market any book) • Smashwords Style Guide (how to format an ebook)
  • 142. Q&A Connect with Mark Coker and Smashwords: Web: www.smashwords.com Blog: blog.smashwords.com LinkedIn: linkedin.com/in/markcoker Facebook: facebook.com/markcoker HuffPo: huffingtonpost.com/mark-coker Twitter: @markcoker
  • 143. Part III: The Secrets to Ebook Publishing Success Ebook Publishing Best Practices March 21, 2013 Mark Coker Founder, Smashwords Twitter: @markcoker
  • 144. Summary of Parts I and II • Part 1 – The Future of Publishing • Power in publishing industry is shifting to writers • Writers are pro-library • Libraries should assist local writers to publish more, better books • Part II – Ebook Publishing 101 • How libraries can facilitate community publishing • Ebook publishing checklist
  • 145. Part III: Best Practices • We’ll build upon the foundational knowledge of Parts I & II and learn: • The best practices of the most commercially successful indie ebook authors • How to get your book discovered amid a glut of books
  • 146. Let’s talk best practices (Note to librarians: This is an updated version of the Ebook Publishing Best Practices talk, presented by Smashwords in the LGPL seminar series. Libraries are welcome to use this for their own community publishing initiatives, or contact Smashwords for the most up-to-date version)
  • 147. Self-publishing platforms like Smashwords make ePublishing and eDistribution Easy…
  • 148. Reaching Readers is Still Difficult * * but achievable if you emulate best practices
  • 149. Let’s review the best practices of the best-selling indie authors
  • 151. #1 Your best marketing is a great book • With the power to publish comes the responsibility to be a great publisher • Honor your reader with a great book • Turn readers into evangelists • Be fanatical about quality • Edit, revise, edit, revise, repeat, proof • Leverage beta readers
  • 153. #2 Create a Great Cover image • Invest in a quality cover image • Your first impression on path to discovery • Look professional • Resonate with target audience • Makes a promise to the reader • Should arrest reader with thumb nail
  • 154. Don’t create an ebook cover image by photographing your print book_
  • 155. Great covers make a promise A good cover image tells the reader – with image alone – what they’re going to experience with the book. Covers should be genre-appropriate, and carefully targeted to your target reader. More on this (see the comments too) at http://blog.smashwords.com/2013/03/six-tips-to-read-reader-tea- leaves-how.html
  • 157. And now a case study… Look what happened when the author went from this cover
  • 158. … to this cover…
  • 159. The cover sparked a multi-week breakout at Apple
  • 160. And landed her on the NY Times Bestseller List
  • 162. #3 Publish Another Great Book • The best-selling authors on Smashwords offer deep backlists • Each new ebook offers opportunity to • cross-promote other titles • build trust with your reader • build your brand
  • 164. #4 Give (some of) Your Books away for Free • Most misunderstood, underutilized market development tool • If you have a deep backlist, offer at least one full-length book for free • Eliminates financial risk for first-time readers • Turbocharges a series • The highest grossing authors/publishers at Smashwords offer at least one free book
  • 166. #5 Patience is a Virtue • Ebooks are immortal • Never go out of print • When your book lands at retailer, it’s a seedling, nourish it • Never pull out by the roots • Ebooks develop differently • Traditional print books – big sell-in, then yanked from shelves, then sales go to zero • Ebooks – can start small and grow slowly before breakout • Let’s look at some examples…
  • 167. Slow boil, breakout, slow boil, bigger breakout
  • 168. Slow boil, slow build, breakout, slow boil
  • 169. Slow boil, breakout, slow boil, smaller breakouts
  • 170. Slow boil to breakout Ruth Ann Nordin’s An Inconvenient Marriage. This book broke out at another retailer a year before it broke out at Apple. Ebooks break out at different retailers at different times. It’s one reason it’s important to maintain broad, non-stop exposure to multiple retail channels.
  • 172. #6 Maximize Availability, Avoid Exclusivity • Ebook retailing is not like sports, religion or politics • Don’t try to pick a single winner. Play the field. • If your book is not available at every retailer, it’s not discoverable or purchasable • Retailers, libraries & device-makers invest millions of dollars to attract readers to your books • Maximize availability at retailers AND libraries • Exclusivity angers fans, limits audience, increases your dependence upon a single sales outlet
  • 173. Ebook retailers want indie ebooks (partial list)
  • 175. #7 Trust Your Readers and Partners • Don’t worry about piracy • Copy protection is counterproductive • If you don’t trust your readers to honor your copyright, you’ll reach fewer paid readers • Trust your supply chain partners • If you limit distribution due to lack of trust, you’ll limit your sales
  • 177. Secret #8 Architect for Virality • Books have always been a word of mouth business • Your readers determine your success • Understand the power of your “First Reader” • Reach First Readers with marketing
  • 178. The Viral Dream First reader More Readers
  • 179. Viral Decay, The Reality First reader Readers
  • 180. Negative Virality This book sucks!!!! First reader = Last reader Fun fact: 29 of 30 recent Apple bestsellers had rating of 4.5 stars of 5. Write a book that moves the reader to an emotionally pleasing extreme if you want to generate word of mouth.
  • 181. How to Architect for Virality • Implement the Secrets • Eliminate friction that limits • availability • sampling • purchasing • enjoyment • Leverage viral catalysts
  • 182. What’s a Viral Catalyst? • A viral catalyst is anything that makes your book more available, accessible, desirable and enjoyable to readers • Read the Secrets to Ebook Publishing Success (it’s FREE!) to learn how viral catalysts spur word-of-mouth
  • 183. Viral Catalysts • Every thing you do right increases virality Great cover Social media enabled Great story Sampling enabled Professionally edited Multiple formats Great title Broad distribution Great book description Quality formatting Great book Good categorization Great marketing LUCK! Fair price
  • 185. Secret #9 Unit Volume is Lever for Success • Unit volume (sales and downloads) increase readership, drives readers to your backlist, increases fan base • Unit volume X royalty per unit = profit • Pricing strategy essential to maximize both
  • 186. How Price Impacts Units Sold In a 2012 study, Smashwords found that a book priced at $2.99 sells 6.2 times more units than a book priced over $10.00. Low prices drive unit volume. But at what price does the author net the most earnings?
  • 187. What Price Yields Highest Earnings? Under $1.99 underperforms. $2.99 and up earns about the same. Q: if given the choice to price at $2.99 or $10+, what’s the best option? A: For most authors, especially genre authors, the $2.99 gets more 6.2X more readers and about the same earnings. Readers, in the long run, will drive future earnings because they’ll buy all your books, and will spawn word of mouth. This is why indie authors have platform-building advantage over traditionally published authors (whose books are priced too high by their publishers). Once a true fan is earned, they’ll be willing to pay more. Several SW authors have started with low prices, then increased prices after they built fan base.
  • 189. Secret #10 Practice Partnership and Positivity • Your fellow authors and service providers are your partners • Help them be successful • Learn from them • Share your secrets • Positivity trumps negativity • Relationships give you upper hand • Internet rants are permanent • Google alerts keeps no secrets
  • 191. Secret #11 Think Globally
  • 192. Apple, B&N, Kobo, Amazon and others are going global You Have the Tools to Reach a Worldwide Market Today The tools are FREE
  • 193. The market for your English-language books outside the US will soon dwarf the US market Apple operates iBookstores in 51 countries. We distribute to Apple. In January 2013, ~48% of Smashwords Apple iBookstore sales were outside the US
  • 195. Secret #12 Pinch Your Pennies • You’re running a business • Profit = Sales minus Expenses • Most books don’t sell well (!!!!) • NEVER borrow money to publish a book • NEVER spend or invest money you need for food and shelter • DIY then reinvest
  • 196. Thanks for Listening, and Good Luck!
  • 197. Free Ebook Publishing Resources • NEW! Secrets to Ebook Publishing Success (best practices of successful authors) • Smashwords Book Marketing Guide (how to market any book) • Smashwords Style Guide (how to format an ebook)
  • 198. Q&A Connect with Mark Coker and Smashwords: Web: www.smashwords.com Blog: blog.smashwords.com LinkedIn: linkedin.com/in/markcoker Facebook: facebook.com/markcoker HuffPo: huffingtonpost.com/mark-coker Twitter: @markcoker

Hinweis der Redaktion

  1. Refuse to sell despite libraries being interesting in purchasing the books. Told “your money is no good here”Print book sales or retail ebook salesSo, no need to purchase replacements
  2. What is Smashwords doing to support libraries?Reach new readers through word of mouth, or by purchasing books after checking them outMany price books lower than retail or at freeSmashwords Direct – helps libraries establish an opening collection of books
  3. What is Smashwords doing to support libraries?Reach new readers through word of mouth, or by purchasing books after checking them outMany price books lower than retail or at freeSmashwords Direct – helps libraries establish an opening collection of books
  4. What is Smashwords doing to support libraries?Reach new readers through word of mouth, or by purchasing books after checking them outMany price books lower than retail or at freeSmashwords Direct – helps libraries establish an opening collection of books
  5. What is Smashwords doing to support libraries?Reach new readers through word of mouth, or by purchasing books after checking them outMany price books lower than retail or at freeSmashwords Direct – helps libraries establish an opening collection of books
  6. Which Henry will discuss in further detail in just a moment.
  7. What is Smashwords doing to support libraries?Reach new readers through word of mouth, or by purchasing books after checking them outMany price books lower than retail or at freeSmashwords Direct – helps libraries establish an opening collection of books
  8. Refuse to sell despite libraries being interesting in purchasing the books. Told “your money is no good here”Print book sales or retail ebook salesSo, no need to purchase replacements
  9. What is Smashwords doing to support libraries?Reach new readers through word of mouth, or by purchasing books after checking them outMany price books lower than retail or at freeSmashwords Direct – helps libraries establish an opening collection of books