Major publishers have attended meetings with the founder of Barnes and Noble and have voiced their displeasure that the booksellers management team is in a constant state of disarray. They indicated that they have a strong interest in Barnes & Noble running a healthy and stable business, to counteract the clout of Amazon.
Barnes and Noble has gone through five different CEOS since 2013 and the latest was Demos Parneros, who was let go last month. He was terminated without severance in July for violating company policies. The company said at the time that his dismissal was unrelated to issues of financial reporting or fraud, but offered no further guidance. He barely lasted a year.
Read More at Good eReader…
From BLAKE ATWOOD at The Write Life:
For comparison purposes, let’s look at the editing rates and use an average page-per-hour and an average hourly rate. For instance, the EFA lists basic copyediting of 5–10 pages per hour at a cost of $30–$40 per hour, so I’ve assumed 7.5 pages per hour at a cost of $35 per hour. The other total calculations also use their respective average rates.
For a 70,000-word book, your editing costs could be:
- Developmental editing: $.08 per word, or $5,600 total
- Basic copyediting: $.018 per word, or $1,260 total
- Proofreading: $.0113, or $791 total
It’s easy to extrapolate from this what your total expected editing cost could be. Fantasy, sci-fi, and epic novel writers should be forewarned.
For a 120,000-word book, your editing costs could be:
- Developmental editing: $.08 per word, or $9,600 total
- Basic copyediting: $.018 per word, or $2,160 total
- Proofreading: $.0113, or $1,356 total
Realize that these are simply one website’s average estimates for editorial costs. For further comparison, CreateSpace offers copyediting at $.016 per word for books longer than 10,000 words. Pronoun’s list of editors is also an easy way to compare many editors’ costs.
Read More at The Write Life…
(CNN) Twelve-year-old Jonathan Bryan can’t verbally speak or physically write. He was born with severe cerebral palsy, has limited motion in his limbs and is in a wheelchair.
For most of his life, Jonathan’s parents used nonverbal cues like a smile or a frown to communicate with him. Educators determined he had profound learning difficulties and never taught him to read or write in school.
That all changed when Jonathan’s mom, Chantal Bryan, began taking him out of school for a few hours a day to read and write. By the time Jonathan was 9, he could spell anything he wanted to say.
Now with the help of an E-Tran frame, Jonathan not only communicates — he wrote a book.
Read more at CNN…
According to a filing made with the Securities and Exchange Commission, Schottenfeld began buying B&N shares on May 29 and made his most recent purchase July 16, accumulating 4.2 million B&N shares. Schottenfeld paid between $5.32 and $6.57 per share for his stake. B&N’s shares began the year trading at $6.70, and closed at $5.65 per share on July 23.
In its filing, Schottenfeld said it purchased its stake believing B&N’s shares are “substantially undervalued and represent an attractive investment opportunity.” The filing further stated that representatives from Schottenfeld have already talked to B&N about ways to increase shareholder value, and intend to continue to hold discussions with B&N management and its board to review strategic alternatives the company might pursue.
Read more at Publishers Weekly
Combined North American sales of graphic novels and periodical comics declined about 6.5% to $1.015 billion in 2017, according to a joint estimate made by pop culture trade news sites ICv2.com and Comichron.
The overall sales decline was due to a 10% drop in the comics shop channel which was somewhat offset by only a 1% decline in sales to the bookstore market, which benefited from continuing growth in sales of children and YA graphic novels. Digital sales were flat.
Read more at Publishers Weekly
Our friend Valley Haggard over at Life in 10 Minutes has just launched a hybrid press. The concept behind a hybrid press is different from an independent or even traditional press. With hybrid, the publisher acts as an assistant to the writer. For a fee, they will perform all the activities that transform your manuscript into a publishable book – but the author retains the rights and royalties. Typical cost for an 80,000 word book is $3,900.
From their website…
“Sales via third party vendors such as bookstores are processed and fulfilled through IngramSprark’s print-on-demand (POD) services. Typically, a book sold through a bookstore or other vendor will net 50% of its sales price (or $7.50 for a $15 book). Average manufacturing costs range from $3 to $5 depending on book size, as well as several other factors. Net profits (net sales price – manufacturing costs) are divided 60% to the author and 40% to Life in 10 Minutes Press. Life in 10 Minutes pays earnings to our authors quarterly. Your project manager will deliver a payment schedule to you during the production process.”
Hybrid publishing is a growing movement in the self-publishing world. It offers the advantages of self-publishing for those without the skill, resources, or time to do the work themselves. And it relieves a lot of the drudgery that is often associated with the business side of self-publishing.
However, just as in traditional or independent publishing, the author is still very much on their own for marketing. Hybrid presses (and L10 Press in particular) will send out notices to their marketing channels. However, it is still up to the author to create a platform for getting the word out and marketing their books.
Also, hybrid publishers, like Haggard’s, are differentiated from “vanity presses.” The vanity press preys upon unsuspecting authors by charging exorbitant fees, keeping author’s rights, delivering paltry royalties, charging high prices for copies of their books, and doing little to no marketing.
I’m very excited by the introduction of L10 Press to Richmond. Haggard has assembled a talented team of professionals to bring local authors to the market. Check them out at Life in 10 Minutes Press.
In Writer’s Digest, author Dustin Grimmel gives these 7 ways to engage readers. Do you agree?
- Evoking Emotion #1: Positive moral judgments about the protagonist
- Evoking Emotion #2: A protagonist who wants something really badly
- Evoking Emotion #3: A protagonist who pursues their desires
- Evoking Emotion #4: A protagonist who never gives up
- Evoking Emotion #5: Characters who do the right thing
- Evoking Emotion #6: The benefits of sorrow
- Evoking Emotion #7: Characters helped by unseen hands
Read more at Writers Digest.