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My Backstory
The Problem with Big Publishing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
My Answer to the Problem:  Smashwords ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How Smashwords Works ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Indie ebooks published at Smashwords 140 6,000 28,500 75,000 (est)
THREE BIG TRENDS RESHAPING THE RULES OF PUBLISHING (and what it means to you)
TREND ONE   Bookselling moving to the Web
Bookselling moves to the Web ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Percentage of book purchases made online vs B&M, P- and E- Brick & Mortar Web Today?
TREND TWO Authors Become Publishers
Authors becoming publishers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Number of books published indie vs. traditional Indie  books Today? New trad.  books
TREND THREE: As Reading Moves to Screens, Ebooks Will Overtake print
Reading moving to screens
Ebooks as a percentage of US wholesale trade market Source: Association of American Publishers, publishers.org
Ebooks to overtake print Print books Ebooks Today?
Ebooks replacing print faster than most realize ,[object Object],[object Object],[object Object],[object Object],[object Object]
Why ebooks are hot ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Indie Authors and Small Presses Have Opportunity to Out-Publish Big Publishers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Indie ebook economics will drive revolution ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],MMP=Mass market paperback, aka “pocket book” in some countries
How to produce and publish an ebook
Planning your move to ebooks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Ebook devices (and customers) shape shift text ,[object Object],[object Object]
Multi-format important ,[object Object],[object Object],[object Object],[object Object]
How to Create an Ebook ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Pricing
Pricing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Distribution
Ebook retailers want indie ebooks Mobile apps
Content Distribution Options Direct to customer Direct to retailer Distributor Publisher Pros High margin, direct contact with readers, retain all rights Good margin, exposure to millions of readers, real time reporting, retain rights Good margin, time-savings, access to multiple retailers , aggregated reporting and analytics, retain rights, priority support Advance, access to B&M retail, editing and revision, marketing and promotion, prestige Cons Customer service burden, credit card processing fees, tough to attract traffic Time consuming to manage multiple relationships, not all retailers offer direct option, distributors may offer higher margins Delayed reported from retailers (1-4 weeks), takes 7.5-10% commission on retail price Low royalties, reporting delayed up to six months, limited distribution, Lose rights, can go out of print quickly
The Seven Secrets to Indie Ebook Publishing Success (how to participate in the ebook revolution)
Secret #1
#1  Write a Great Book ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Would You Buy This Book?
Professional Covers Not Expensive (this was $45)
Secret Two
#2  Write Another Great Book ,[object Object],[object Object],[object Object],[object Object]
Secret Three
#3  Maximize Distribution ,[object Object],[object Object],[object Object],[object Object],* Smashwords is a distributor, so of course I believe this
Ebook retailers want indie ebooks Mobile apps
Secret Four
#4  Give (some of) Your Books away for Free ,[object Object],[object Object],[object Object],[object Object],Additional resource:  Read FREE, by Chris Anderson
Secret Five
#5  Patience is a Virtue ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Secret Six
#6  Trust Your Readers and Partners ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Secret Seven
#7  Marketing Starts Yesterday ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Resource:  Smashwords Book Marketing Guide
BONUS Secret Eight
Secret #8  Architect for Virality ,[object Object],[object Object],[object Object],[object Object],[object Object]
The Viral Dream First reader More Readers
Viral Decay, The Reality First reader Readers
Negative Virality First reader This book sucks!!!! = Last reader
How to Architect for Virality ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Additional resource: Read The Viral Loop by Adam Penenberg
The 7 8 Secrets to Ebook Publishing Success ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Visit the Smashwords Blog, 9/16/2010 for the 7 Secrets to Failure:  http://blog.smashwords.com/2010/09/seven-secrets-to-ebook-publishing.html
Summary ,[object Object],[object Object],[object Object],[object Object],[object Object]
Ebook Publishing Resources ,[object Object],[object Object],[object Object]
Thank you for listening! Q&A Connect with Mark Coker: Web:  www.smashwords.com Blog:  blog.smashwords.com HuffPo:  huffingtonpost.com/mark-coker Twitter:  @markcoker Email:  first initial second initial at smashwords.com

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The Seven Secrets of Ebook Publishing Success - BAIPA May 14, 2011