Thoughts, musings, observations, practical advice, and not-so-gentle chidings from an inside perspective gleaned after years of managing an independent publishing company. (Note: as a rule, I will not be responding to indvidual posts.)
This fascinating article appeared in my email a few days ago, and I thought it was worth sharing with readers and publishers alike. Enjoy. -...
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This came sooner than I was expecting, but I was expecting it.
We are seeing a real spike in e-sales over the past three months--very strong and broad. What is more interesting to me than the steady uptick in e-sales is that we are not experiencing a concurrent drop in print sales. Many people in the industry were sure a rise on one side of the ledger meant a drop on the other. I wasn't convinced, and the data thus far suggest solid or increased print sales might be a beneficiary of the e-sale future. One indicator is that our strongest seller in both categories (print and e-book) for the past two months is the same title. The future looks bright for those ahead of the tidal wave. And we are ahead of that wave and riding it nicely.
For those of you who noticed the asterisks in the main title, there is a small "however" in that shout line. Amazon didn't disclose how Kindle e-book sales compare to its entire bookstore sales. With most Kindle books priced at $9.99, those e-books are often less expensive than the same title in hardcover, especially for popular new releases. But less-expensive paperbacks make up the vast majority of Amazon's book sales.
Click here to read the full article in Money Magazine.