Your eBook price will have a lot to do with its discoverability. What's the ideal price point? Does genre play a factor in pricing? Fiction vs. nonfiction? Questions about eBook price are among the most frequently asked by our authors and prospects.
Amazon has implemented a new policy that will flag Kindle eBooks with a warning, what they are calling CFQIs (Customer Facing Quality Indicators), to indicate an eBook contains errors. The reason, it seems clear, is to protect the buying public from spending money on a title only to find it's riddled with typos and other issues that render it unreadable or unsatisfactory.
In the United States and Britain, sales of e-books represent between a quarter and a third of the consumer book market and, by 2018, will edge out printed and audio books as the most lucrative segment, according to projections by the consulting firm PricewaterhouseCoopers.
As Nate Hoffelder of The Digital Reader points out though, the "perennial ebook optimists" at PricewaterhouseCoopers have now moved that goalpost back two years running. In 2012 they predicted that eBook sales would outpace print by 2016. In 2013, they said it'd happen in 2017. Now... it's 2018.
The following infographic from Encremento provides some fascinating stats on eBook piracy, DRM, and other publishing industry efforts to combat file sharing.
But here's the thing: you shouldn't worry about Piracy.
It's been years since Amazon's first Kindle came out. Now that so much time has passed, I think it's safe to look at the marketplace and say that the publishing industry will not encounter anything close to the level of piracy suffered by the music industry.
Either eBooks and digital music are completely different beasts (they are) or the publishing industry learned from the missteps of their music business counterparts — or a bit of both. But no matter what the reason, the data illustrates that, as always, OBSCURITY is the enemy of independent authors, NOT piracy.
Another month, another prediction. This time, PricewaterhouseCoopers is claiming in its "Global Entertainment & Media Outlook 2014-2018" that eBook sales in the UK will overtake hardback and paperback editions by 2018, and that printed book sales will decline by more than a third.
But, according to Nate Hoffelder of The Digital Reader, the chance of this prediction coming true is "not too damn likely."
Why? Well, PwC has made a couple similar predictions about American eBook sales over the last few years, neither of which appear to be correct, especially considering the flattening performance of the US eBook market lately.
But that slowdown in eBook sales isn't necessarily a doom-and-gloom picture for indie authors. The resilience of print books (which is evident in the infographic "The top reasons for choosing a printed book over an eBook") is a great thing; it means you have continuing opportunities to offer fans multiple options that suit their reading preferences: eReaders, smartphones/tablets, web, paperback, hardcover, and special editions. And when you're meeting the needs of ALL your readers, you're also set up to capture the most sales.
Looking for the best place to send people to buy your eBook? Point them straight to your new BookShop page where you earn more and get paid faster than anywhere else!
Free to every BookBaby author, BookShop is your eBooks’s online home. It features an oversized image of your cover, an overview of your book, a description, author bio and more. And it links you to all of your sales pages (Amazon, iBooks, Barnes & Noble, etc.)
According to a recent study called "The Evolution of the Book Industry: Implications for U.S. Book Manufacturers and Printers," almost 70% of book buyers say they are likely to continue purchasing printed books through 2016. Perhaps more shocking was the finding that 60% of all eBooks that are downloaded in the United States are NEVER read.
Why the fierce loyalty to printed books? Oh, the usual reasons: a "sensory attachment" (as eContent calls it) to the physical item, the desire to place the book on a bookshelf, and the fact that you don't have to strain your eyes staring at another electronic gadget.
Given the fact that eBook sales were flat in 2013, it seems these benefits are keeping the printed book safe from the extinction that digital publishing pundits have been predicting for years. But what does this mean for you?
3 ways to keep your book sales up as eBook sales slow down