Archive for June, 2009

Top 10 Best Selling Books in Self Publishing for May 2009

Outskirts Press, the fastest-growing full-service self-publishing and book marketing company, today announced its top ten best selling titles for May 2009 according to combined data from Ingram Book Wholesalers and Outskirts Press Wholesale Direct via http://outskirtspress.com/buybooks

In alphabetical order, the top ten best selling books in self publishing during the month of May were:

Congratulations to our best selling authors from May 2009!

All these books, and other Outskirts Press titles, are available from all major online retailers like Amazon, Barnes & Noble, Powells, Books A Million, and others, plus conveniently from the Outskirts Press bookstore at http://outskirtspress.com/bookstore (or in quantities of 10 or more for full wholesale trade discounts at Outskirts Press Direct (where the retailer saves money and the author still get their full royalty): http://outskirtspress.com/buybooks).

Not yet a published author?

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Add comment June 30, 2009

Save $200 Self Publishing over the 4th of July

We hope you enjoyed Self Publishing Self Help week all week long, where the topics were:

It was a lot of reading this week, so this blog posting is mostly a picture. We promised a big announcement and here it is!

 

 

 

 It’s the biggest promotion all year and you won’t see self publishing savings like this again in 2009. Read all the details about our explosive 4th of July promotion on Monday’s blog posting, or be reminded of it by following us on Twitter.

This discount is good only with the proper promotion code and good only for full Diamond packages paid in full between July 1 – July 5, 2009. The promotion code will be released on July 1 at http://outskirtspress.com/monthly_promotion.html.

 

 

Add comment June 26, 2009

How Self Publishing Distribution Works

One of the most common misconceptions about print-on-demand companies is that their only value is printing books one at a time.  While it is true that just-in-time printing is an advantage of publishing with a POD publishing service company, there are many greater advantages than just printing. Allowing a company to handle all the “heavy lifting” like accounting, taxes (foreign taxes are particularly intensive), and fulfillment are all equally good reasons to publish through an established self-publishing company.

Perhaps the best reason of all, however, is not the printing of the books, but the distribution of the books after publication. Let’s use Outskirts Press and their distribution-on-demand network as an example. The distribution and availability offered by each company may differ, so be sure to check.  The Outskirts Press distribution-on-demand network is visualized below and comes included with the Diamond, Ruby, and Pearl publishing packages.

As any independently published author doing everything entirely on their own will tell you, printing a book is actually the easy (albeit expensive) part. It is what happens AFTER the book has been made available that dictates success.  The largest US Wholesaler is Ingram Book Company. Some publishers, like those offered by Amazon, for example, do not even distribute their own books through the largest US wholesaler Ingram.  The graphic above indicates the crippling effect that could have on your book’s availability.  

 Even though Ingram is so important to a book’s availability, many independently published authors are unable to secure representation with Ingram because Ingram typically requires that an author or publisher have at least 7 active titles in order to be interested.  No wonder more and more authors are seeking out print-on-demand publishers with extensive distribution networks like the one shown above.

Contributing to an author’s confusion about how self-publishing distribution works is a mind set that originated with old fashioned publishers — that a book must physically exist in printed form in order to sell it.  Makes sense, right? Counter-intuitively, that is no longer the case.   In fact, the very power of the distribution-on-demand network is that a physical copy of the book no longer needs to be printed before it is sold.  Sometimes, the book is printed only after the book is sold, the money is collected, and the author’s royalty is earned.   This is the explanation for how POD books can be available at thousands upon thousands of locations, and 25,000 bookstores and sales channels worldwide, even though that number of copies have not been printed or sold yet.

Understandably, some authors find this new concept in book distribution somewhat difficult.  So let’s walk through the distribution network shown above, step by step, and you will see how amazingly easy it is to make your book available with the help of a full service publisher like Outskirts Press:

1. The Outskirts Press logo represents publication with Outskirts Press. At the time of publication, the book’s bibliographic information and metadata are provided to Bowker’s Books-in-Print database.  The book is also made available through Outskirts Press Direct wholesaling at http://outskirtspress.com/buybooks for those sales channels that have access to neither Ingram nor Baker & Taylor.

2. The book’s information is accepted and catalogued by Ingram Book Company and becomes available to order wholesale through Ingram. An EDI (electronic data interchange) feed distributes that book’s metadata information to all the sales channels that receive the feed (shown above, and there are many others).  Each sales channel has specific requirements for displaying the book’s information on their website. If the book’s specifications meet the retailers requirements, the book is displayed for sale.

3. Ingram also passes the book’s information to another large US wholesaler, Baker & Taylor, who provides wholesaling for some bookstores and also primarily offers availability to the US library system.

4. Nearly every retail bookstore (chain and independent) has a wholesale relationship with either Ingram and the same EDI feed that populates all the common book websites also provides direct access and availability to all those brick and mortar bookstores.

5. Now the book is available for order just about everywhere. Let’s use an order that originates on Amazon.com to see what happens next.  An Amazon customer finds the book on Amazon, adds it to her shopping cart, and completes her purchase with a credit card.  Amazon electronically sends that order to Ingram.

6. If Ingram possess the book in stock in one of its warehouses (rare), it uses a book from its inventory. Otherwise, the Outskirts Press book is printed POD within 24 hours from the time of order receipt.  Once the physical book exists, two things happen.  A) Ingram records the sale of that book (Amazon is the customer, not the end reader) and Ingram reports that sale on a monthly basis (3 months after the fact) to Outskirts Press.  B) The book is drop-shipped directly from Ingram to the Amazon customer.

7.  The Outskirts Press author did not have to order copies of this book in order to sell it. In fact, once it was published by Outskirts Press, the entire order, fulfillment, and accounting of the transaction occurred without the author’s involvement.   Presumably, the Outskirts Press author was involved in the marketing of the book, which is how the reader ordered it from Amazon in the first place.  But once that order is placed, there is no heavy-lifting by the author at all.  Compare that with the stories from independently published authors who will tell you that processing orders can involve the heaviest lifting of all.

And that is how self publishing distribution and automatic book fulfillment works — and why self publishing through a service company like Outskirts Press is becoming more popular for authors who would rather write and market their books, and not haul copies in their car back and forth to the post office.

Ready to get published?

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Add comment June 25, 2009

The definition of self publishing companies

There’s a lot of confusion right now about this whole DIY (do it yourself) publishing thing. The internet is partly to blame because it allows anyone with an opinion to publicize their thoughts, regardless of accuracy. The publishing companies themselves are also partly to blame, because this new realm of self-publishing or POD (print-on-demand) publishing is still so new that companies are jockeying for position, awareness, brand recognition, and author loyalty — all the while trying to find a widely accepted term that accurately describes what the companies do.

More on that tomorrow, as SELF PUBLISHING SELF HELP WEEK continues.  Topics already discussed are the two different publishing business models, and the 3 paths to publishing. Now we’ll look at some commonly held labels for internet publishers to see if they are applicable, or even accurate…

The problem is, each company is slightly different, so applying an general label to any of them is apt to be partly wrong. While many perform some of the same tasks, many also differentiate themselves in some manner. For authors trying to find the proper company for them, a good tactic is to focus more on the differences between each company, not the similarities.

Even the concept of self-publishing itself is cause for some confusion, because different people have different definitions for what constitutes “self publishing.” As a result, companies and authors are now trying to draw a distinction between “self publishing companies” and “print-on-demand companies” – even though such a distinction does not help very much.  Why? Because many “print-on-demand companies” are also “self-publishing companies.”  And, by the same token, many “self-publishing companies” use print-on-demand.

Self Publishing Companies

Most companies that refer to themselves as “self publishing companies” utilize print-on-demand technology, further supporting the notion that trying to create a distinction between the two terms is futile.  In fact, almost all references to “self-publishing companies” refer to companies that use POD almost exclusively.  Where they differ from “print-on-demand companies,” apparently, is by emphasizing the “self” portion of the term.  In other words, by some definitions (as faulty as they may be) a “self publishing company” leaves everything up to the author all by himSELF or herSELF.   

This is a faulty distinction.  Even though a website may appear to remove the “human touch” from the publishing process, all self-publishing companies that are referenced as such have humans working on each book behind the scenes, in some manner or another.  An internet website publisher that doesn’t allow you to submit your manuscript electronically via the web isn’t drawing a distinction for itself. Both “self publishing companies” and “print-on-demand companies” should allow this type of functionality at this point in the internet revolution.  Companies that do not or cannot technically offer manuscript uploads are probably technically limited in all areas, and should be reconsidered.

Print-on-Demand Companies

Equally confusing is the distinction of “print-on-demand companies” who still offer self-publishing services, but do so via print-on-demand technology.   Well, that isn’t much of a distinction, because all so-called “self-publishing companies” also use POD technology.   

If there is any validity to the distinction, it’s this:  there are print-on-demand publishing companies that act more in the capacity of “conventional publishers” in that they solicit submissions, vet manuscripts, publish only those they feel they can profitably sell, and may even offer authors an advance against future royalties.  In other words, the only difference between some so-called “print-on-demand companies” and traditional New York publishers is the use of POD for the printing.   Granted, this is not the majority. The majority of “print-on-demand companies” are also “self publishing companies” and vise versa.

More confusing still is that some writer forums and blog postings refer to “self publishing companies” as “print-on-demand companies” if the company helps the author in any way, through the assignment of an author representative or advocate or other such human contact.   Presumably the distinction here is that, since a human is assigned to help the author, the author is no longer “self” publishing their book and therefore the company cannot be a “self-publishing company.”    Ultimately, this is all a matter of semantics.

It is for this reason that self-publishing companies (or is it print-on-demand companies?) attempt to counter this confusion by coining terms that they can try to brand and own.  “Indie Publishing” is a new one, suggesting “independent publishing” – but that’s also inaccurate because an author acting independently would not be working with a company.

Outskirts Press currently uses the term “full service self publishing” to describe itself, as it seems the most appropriate. Authors receive full service, professional  assistance while still maintaining all the rights, control, pricing flexibility, and customization that comes from self-publishing.   Is it a term that will eventually make the grade as the new publishing industry finds itself? Only time will tell. But it’s working well for our authors in the meantime…  We try to feature this competitive comparison here on our website: http://outskirtspress.com/offer.html

Want to experience full service self publishing for yourself?

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Add comment June 24, 2009

2 Book Publishing Business Models

During this SELF PUBLISHING SELF-HELP WEEK we are examining a number of topics. In the last post we examined the 3 Paths to Publishing and determined that the hardest choice was deciding between Path 2 (independent self publishing) and Path 3 (full service self publishing).

This follow-up posting may be able to help, since the business models for Path 2 and Path 3 are different.  By exploring the business models for both Path 2 and Path 3, you may be able to determine which business model makes the most sense for your project and that, in turn, will help you determine which publishing path is best for you.

INVENTORY-DRIVEN BUSINESS MODEL

The business model followed by Path 2 (independent self publishing) is the same business model followed by the traditional/conventional publishers. This business model can be summarized into two words: Inventory-Driven.  In other words, all the pricing, profitability, ROI, and investment (everything that defines a financial business model) is based upon the inventory levels for the book.   The higher the inventory levels, the higher the up-front investment and the lower the per-unit cost.

In order to make this model work, inventory levels have to be estimated up-front, based upon subjective ideals.  The more accurate that estimate is, the more successful the financial business model is.  Of course, on the flip side, the more inaccurate that estimate is, the more disastrous the business model becomes.

Inventory-Driven Business Model for the Publishing Industry

Inventory-Driven Business Model for the Publishing Industry

Let’s follow the arrows on the schematic above. Once demand is estimated, an initial investment of cash is made to produce and print that quantity of books.  Another investment of cash is made to store those books in a warehouse (either a wholesaler like Ingram, or an independent storage/fulfillment company where additional fees for storage, pallets, and handling are incurred).  From there, books are then sold to retailers and retailers purchase these books (either from the wholesaler/publisher directly, or from a distributor, who would then extract a percentage also).

Since the distributors, wholesalers, or retailers are not the final customer for your book (readers are), book retailers in this business model are nothing more than another consignment storage facility for your book, particularly since they all have the freedom to return unsold books back to the publisher for a full refund.   You see, the inventory-driven business model has nothing to do with the demand for the book and has everything to do with how many copies are printed.

Once the book is being represented by the distributor, available through the wholesaler, and carried by the retailer, one of two things can happen.  Your book is either bought (that’s good) or it’s not (that’s bad).  If there is demand for your book, the book is bought, and money changes hands in your favor. From there, the customer pays for the book and it is officially sold and you earn a payment for that sale.  On the other hand, if there is no customer demand for your book, the book is returned back to the wholesalers for a full refund that comes out of the publisher’s pocket. In the case of independent self publishing, that publisher is you. No wonder returns are the bane of the publishing business.

Eventually, customer demand is what determines customer orders, and customer orders are what determines publisher profit.  So if the inventory levels you estimated at the start of the chart are lower than the customer demand, you then re-print more books. This is called a second printing.  If, on the other hand, your inventory levels are higher than customer demand, you have excess books that cannot be sold.  This is called remaindering, where you try to unload the books for pennies on the dollar to recoup some amount of the initial investment.  This is also called “taking a bath.” 

You might ask yourself what sense does an inventory-driven business model make?  Well, if the book is extremely successful, the profitability and ROI is so great that the success of a runaway bestseller can offset the losses on other books where the inventory estimates were wrong.  But, statistically speaking, inventory-driven business models make very little sense for single books because you don’t have other books to offset your losses should your single book inventory estimate be inaccurate.

DEMAND-DRIVEN BUSINESS MODEL

What would happen if the customer demand was determined before the printing investment was made?  Rather than estimating an inventory level based upon hopeful and subjective ideals, the inventory levels are tied specifically to the customer demand. This is known as a Demand-Driven Publishing Model and is the model used by the majority of self-publishing companies utilizing print-on-demand printing technology. 

Demand-Driven Publishing Model

Demand-Driven Publishing Model

Let’s follow the arrows on the schematic above.   The customer demands the book by ordering it.  That payment immediately triggers a royalty payment for the author and also triggers the printing of that customer’s book. That copy of the book is then provided to the bookstore or retailer who now acts as the fulfillment center, connecting the customer with the product. 

For an unproven author or unproven book, there is little question that this is the preferred business model to follow from a strictly business sense.  Once a book or author is proven (by excessive demand), there comes a point when the Inventory-Driven Business Model may make more sense. But until that tipping point occurs, the Demand-Driven Business Model is typically the most economically responsible choice.  

Looking for the top choice in demand-driven self-publishing?

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Add comment June 23, 2009

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