Thursday, May 12, 2011
How Publishing Works (in New York!)
When it comes to being competitive in publishing, it's important to know as much about the landscape as you possibly can. Because regardless of how you publish, it's important to have a clear understanding of the publishing landscape in general. While you may not work within the traditional publishing model, you should always be aware of new models emerging, new trends, and publishers breaking new ground. For example, did you know that a few select publishers are starting to dabble in self-publishing? It's big news in the industry and when you keep your head in the market, you'll be able to stay in tune with what's happening out there.
We all know what the big six are good at. They know how to produce a quality looking book and get it into bookstores. They know the publishing landscape, and they know how to get a title to market. But making yourself and your book competitive is not about understanding the strengths of these publishers, but understanding their weaknesses. To know where they miss the boat is to gain access to a market segment and marketing ideas that you might have overlooked.
Weakness #1: New York Publishers Don't Think Outside the Mainstream
Publishers have particular criteria they look for in a successful book; the first is mainstream appeal, which is understandable since they have to appeal to a larger bookstore-driven market. If you have a book that is outside the mainstream, this is actually good news, unless you're trying to find a major house to pick you up. The idea here is to understand that traditional publishing dominates the mainstream, but it's the niches that tend to do very well. You'll see these books in places like the Writer's Digest book collection and smaller, off-the-radar publishing houses.
Weakness #2: New York Publishers Don't Do Consumer Research
Most publishers (not all) do not do consumer research. How do publishers know what to publish? They often rely on bookstores to direct their attention, as well as trends, both cultural and celebrity. What does this mean for you? If you have access to consumer data, you are light years ahead of the big six. This doesn't have to be an exact science, either. Sometimes just having a mailing list on your website or even having a website where you interact with your consumer is sufficient. What this also means is that if you have access to this data and you are publishing mainstream, you are a very valuable writer to any publisher out there. Having access to this data is crucial for most of us and seen as a bonus when a publisher is considering a manuscript. One of the reasons you should get online early and have a mailing list is that the sooner you jump into the fold, the quicker you can start gathering this information.
Weakness #3: New York Publishers Don't Publish to Niche Markets
Weakness #4: New York Publishers Don't Sell Direct to Consumer
Publishers don't sell from their websites; many have tried and failed. Why? Because the publisher isn't the brand, the author is. This is starting to change in some areas as publishers seek to bypass Amazon and gather their share of the consumer market. Most consumers don't really identify with a publisher as much as they do an author or a trusted online shopping portal like Amazon or BN.com. What this means to you is that if you can sell direct to consumer and bypass the traditional consumer model, you might actually do better than if you try to compete in a cluttered sales space. The other option (and usually most preferred option) is that authors sell from their own websites as well as from Amazon and other online stores.
Weakness #5: New York Publishers Only Promote Their Authors to the Top 30 Media Markets
When publishers develop marketing plans for their books, they don't look at markets that aren't in the top 30 (the list of top 30 media markets follows below). What does that mean? Simply that if you're in one of those markets, you might want to consider promoting there as well as in any outlying areas that aren't considered "top markets," especially during heavy promotional seasons. While it might seem discouraging to try to compete with a major publishing house if you live in Los Angeles or New York (both are top five markets), keep in mind that there are a number of markets not even on this list. For example, if you live in Los Angeles, maybe you want to saturate the Orange County market. It didn't make the list but it's close enough to the Los Angeles area that it could affect interest there as well. In order to succeed in publishing, you must have a working knowledge of all facets of the market. Understanding traditional publishing is one of them.
Knowing the landscape and marketplace will position you for success and you likely won't get caught off guard by a stumbling block or situation that could have been avoided. Know your market - the more you do, the faster you will succeed!
Top 30 Media Markets (US) (according to Nielsen, accurate as of 2009)
1.) New York
2.) Los Angeles
5.) Dallas/Fort Worth
6.) San Francisco, Oakland, San Jose
9.) Washington, DC
13.) Tampa, St Petersburg
15.) Minneapolis, St Paul
16.) Miami, Ft Lauderdale
17.) Cleveland, Akron
19.) Orlando, Daytona Beach
20.) Sacramento, Stockton, Modesto
21.) St Louis
22.) Portland, OR
28.) San Diego
30.) Hartford & New Haven
So, the first step to your writing success is understanding the publishing landscape. Best of luck with whatever publishing route you choose!
Reprinted from "The Book Marketing Expert newsletter," a free ezine offering book promotion and publicity tips and techniques.