Target your sales and marketing efforts to where they need to be! The more you know about the readers and consumers of the books you are writing, the better you can strategically align your marketing efforts and promote your books. Experts will provide a thorough demographic breakdown of the buyers of eBooks and print books by the key book subjects of interest for self-published authors. Also discussed is the current overview of the book publishing industry by the numbers today. Key takeaways include; understanding who are the buyers of the key self-published genres are, how book buyers are discovering new titles, key differences between consumers of print and eBooks, and how to identify the key trends in book publishing today.
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
BEA 2013 -uPublishU at BEAU 06_01_13_bowker_template
1. Get To Know Who Your Key Audience Is &
Where To Reach Them!
June 1, 2013
2. Welcome to Publishers Weekly’s
Discussion Series.
Trends in Consumer Book-
Buying
Jim Milliot Co-editorial Director, Publishers Weekly
Carl Kulo U.S. Director, Bowker Market Research
#PwdscsrPublishersWeekly.com 1
3. What we will show you this morning….
• Highlights from forthcoming Annual Review
• Drawn from Bowker’s Books & Consumers™ 2012 Tracker
– to first give you a overview of book consumers (p and e)
– then some insights into self published books specifically
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5. Background to Bowker Market Research
• Bowker PubTrack Consumer in the US merged with Book Marketing Ltd. (BML)
in the UK in 2012 and became Bowker Market Research
• Leading provider of market research and business intelligence on the global
book market for:
• Flagship survey Books & Consumers for tracking book/ebook purchases
– US, from 2008
– UK, from 1989 (and ebooks from August 2010)
– Canada, from 2012 (through BookNet Canada)
Publishers Book retailers Trade associations
Libraries Arts organizations Market analysts
PublishersWeekly.com 4
6. PublishersWeekly.com
Methodology Books & Consumers U.S.
Sample: 6,000 unique US book consumers per fielding
Type: Online questionnaire
Frequency: Monthly tracker study
Length: 75 questions about book and ebook purchasing,
plus demographics and psychographics of book buyers
Annual sample:
Nationally representative of US book buyers
~72,000 book consumers annually
~200,000 book purchases annually
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7. PublishersWeekly.com
Our partners…..
MarketTools Inc. (MTi):
• Panel management & data collection
• Clients include: P&G, Microsoft, Bank of America
GMI (Kantar):
• Data Processing & Software provider
• Statistical Validation, Analysis, and Weighting
Bowker Bibliographic & Database Expertise
• Bibliographic and Classification Data Match
• Business Analysts
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12. 60% of Book Buyers were female
63% had an annual household income of over $50,000
55% were younger than 45
and 61% were educated to degree level
Key characteristics of the US PRINT
book buyer in 2012
PublishersWeekly.com 11
13. 65% of Book Buyers were female
67% had an annual household income of over $50,000
60% were younger than 45
and 64% were educated to degree level
Key characteristics of the U.S. eBook buyer in 2012
PublishersWeekly.com 12
36. 263% Increase in Self Publishing in Past 5 Years!
0
100,000
200,000
300,000
2006 2007 2008 2009 2010 2011
51,237
211,269
ISBN Count
37. From Bowker’s Books-in-
Print/Identifier Services
• The number of self-published books produced annually
in the U.S. has nearly tripled, growing 287 percent since
2006, and now tallies more than 235,000 print and “e”
titles
Some perspective about self publishing…
PublishersWeekly.com #Pwdscsr36
38. PublishersWeekly.com #Pwdscsr37
• In 2012, self-published titles accounted for 3% of total market
share in units and 1% of dollars spent.
• These self-published books accounted for 8% of eBook
purchases throughout 2012, and 10% of all Adult Fiction eBooks
bought.
39. PublishersWeekly.com #Pwdscsr38
• 39% of self-published eBooks bought in 2012 were downloaded
to an Amazon Kindle and 22% to Kindle Fire
• This compares to 37% and 18% respectively for eBooks overall.
• Possibly the impact of CreateSpace??
48. As with ebooks buyers overall, women rule!
• 70% of self-published eBooks were bought by
females, compared to 70% for traditional published eBooks.
• 22% of all self –published eBooks were bought by women aged
30-44.
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52. Non-Fiction:
Non-fiction purchases that were relatively more likely to be from
self-published authors include:
• Biography/Autobiography (22% of Non-Fiction)
• Cooking (13% of Non-Fiction)
• Self-Help (10% of Non-Fiction).
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57. How do people discover self-published books?
Self-published books were more likely than average to be impulse
buys, and tended to be discovered while browsing
• We believe this is happening because of various
“serendipitous” opportunities where discovery happens (saw a
link in a blog or tweet, etc.)
• So we asked them…….
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58. We ask what drove them to a self published book…
top responses
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3%
5%
6%
6%
9%
11%
11%
15%
25%
47%
58%
0% 10% 20% 30% 40% 50% 60% 70%
Novelty
Cover
Bestseller list
Chance to support independent authors
External/impartial review of book
Author pitch/email
Recommendation from someone I know
Free Sample of book
Description of book
Price
What factors influenced your purchase of a self-published e-book? Please select all that apply.
Based on a custom question asked in our tracker
59. PERCEPTIONS OF SELF PUBLISHING
Data from a sample of ebook buyers in our monthly tracker, June 2012
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60. Identified self publisher buyers via these questions:
Have you ever purchased a self-published e-book? (out of 660
ebook buyers)
– Don't know: 20.3%
– No 73.2%
– Yes 6.5%
If don’t know, Do you recall purchasing an e-book from a publisher
such as CreateSpace. PubIt! Or Smashwords (as opposed to more
well-known publishers as Penguin, Random House or Harlequin?
- Don't know 13.5%
- No 82.3%
- Yes 4.2%
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61. For those who haven’t, why not?
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17%
54%
4%
21%
4%
0% 10% 20% 30% 40% 50% 60%
Don't know whether or not I purchased one
Haven't encountered one
Other, please specify
Titles offered didn't interest me
Would be afraid of it being of too low quality
62. Do you typically know the publisher of an ebook
you’ve purchased?
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25%
76%
Yes
No
63. Which is most true about your decision to buy an e-
book?
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3.5%
17.3%
79.2%
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0%
I am less inclined to buy ebooks from a publishers
that I have heard of
I am more inclined to buy ebooks from a publishers
that I have heard of
The publisher is irrelevant to my decision to buy a
particular e-book
64. Percent answering “True” to the following:
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28%
80%
70%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
Expect lower quality
Good way to try a new author
More forgiving/willing to experiment if
low cost
65. Price is a major challenge for self-published authors
What prices are self-published authors able to get from
consumers?
• 58% of self-published books were purchased for less than $1 in
2012.
• For self-published eBooks 74% were purchased for less than $1
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66. But that same low price is a major opportunity for
self-published authors
• Low price really means “low risk”
• “No harm in trying”
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70. Want more information?
Go to www.bookconsumer.com
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• And coming soon – by July 1:
–“Genre Lite Reports”
• What you should know about your genre
– at an affordable price!
• See who buys in your genre (demographics)
• Where they buy books
• Why they buy books and how they discover them
• And more
Thank everyone for coming Introduce your self and title Why we have these Discussion Series:PW Discussion series are designed to explore the future of book publishing and address hot-button issues with leading experts in the field. Each panel will be moderated by a PW editor and will look at the challenges and opportunities facing the publishing industry.Today we are exploring Trends in Consumer Book-Buying. Panleist with us today are: Jim Milliot – Co- editorial Director, Publishers Weekly Karl Kulo- U.S. Director, Bowker Market research A few Housekeeping rules: You all should have received a packet with the slide from today presentation There is a survey in your packet please make sure to provide us with your feed back at the end of this discussion There will be a Q and A proceeding so save your questions till then Let get started…..
In the US, we go out to 6,000 book buyers each month to ask them a series of very detailed questions about their book purchases. We also find out a lot about each book buyer too. This builds up into a huge database of purchasing and purchaser metrics, which we analyze on behalf of our subscribers.
In the US, we go out to 6,000 book buyers each month to ask them a series of very detailed questions about their book purchases. We also find out a lot about each book buyer too. This builds up into a huge database of purchasing and purchaser metrics, which we analyze on behalf of our subscribers.
Ladder image, need for higher level senior HS materials
Ebooks have impacted all other formats (except audio). Hardcover was impacted initially , esp in Q1 11. MMP is half of what it was, and has been declining more steadily as “pulp fiction” paperbacks give way to ebooks in Romance and Crime.
This chart shows the trends in specific categories (in CAPS) and genres, from less e-book oriented (graphic novels, travel, children’s, cookery) to most e-book oriented (crime and romance broke 50% of units in the 4th quarter). Notice some disciplines were more likely to snap back to print, especially childrens and non-fiction, while consumable non-fiction moved more solidly to e.
So, where do consumers go to acquire their e-books?Here are the top 5 sources…
So, where do consumers go to acquire their e-books?Here are the top 5 sources…