Tag Archives: publishing

The Myth of Self-Publishing

In today’s brave new world of book publishing, the news is full of stories about writers who jumped from anonymity to the bestseller lists via clever blog posts, assiduous social media networking, and the support of a celebrity tweet or two. We’re encouraged to believe that having a publisher is now optional for reaching broad popular attention. That any self respecting writer with a clear voice and a fresh idea can do it all herself, if she so chooses.

Some proponents of self-publishing (J.A. Konrath, Barry Eisler, John Locke et al) go even further — they think having a traditional publisher is not merely optional but foolish. Why should a gifted writer share the proceeds of her success with an intermediary if she can attract a flood of readers without one?

This line of reasoning makes no sense to me. Yes, self-publishing and ebook-only publishing are enticing new avenues for aspiring writers. But self-publishing is not an easy road. As a recent New York Times article attests, “there are often hidden fees.” It’s expensive to self-publish. Incredibly time consuming. And the results can be meager. The author who was the focus of the Times article had sold 700 copies of her novel after months of hard work.

Despite the hype, the fundamental rules of publishing have not really changed very much. Now, as before, the greatest challenge facing a new writer is to find readers, not to finish and print a book. If anything, self-publishing has made the shelves, both virtual and physical, even more crowded. The obstacles to being noticed are even more forbidding, not less. In a world where anyone can upload a Word doc and call it a book, it’s more valuable than ever to have experts curate the works that are really worthy of a reader’s attention.

But even more important, good publishers add immeasurable value precisely because they have hard-won experience in all those aspects of the process that writers are not experts in. These arts — editing, positioning, packaging, and marketing — are as essential as they ever were. Freelance editors, publicists, and other service providers are available to provide such services, but few writers know how to choose and manage those hired guns. Even fewer possess the mix of discipline, public credibility, and book marketing savvy it takes to devise their own titles, cover art and marketing plans.

And let’s not forget that the explosive rise of e-books and online retail hasn’t eliminated the crucial impact of distribution and merchandising of printed books in stores — an area in which traditional publishers have an overwhelming advantage.

Some gurus of self-publishing suggest that trying to start word-of-mouth by focusing on friends and acquaintances is a new tactic. Actually, writers have done that from time immemorial. The difference is that now we call a writer’s core audience his “platform” or “tribe” and the Web makes it easier than ever to build one. Which is great news for every author, from the famous to the unknown. But surely the vast majority of promising writers who aspire to reach the wider world are better off with the help, nurturance, advice and financial backing of a prominent publisher. Writers who fall for the myth of self-publishing are likely to end up relegated to the periphery of the book world.

My advice to aspiring writers is to pursue the traditional path of agents and publishers to the best of your ability. If you fail to get traction that way, you can certainly try self-publishing as a way to attract attention and build your platform. But a good mainstream publisher is still the best way to reach the biggest possible audience via professional editing and marketing support — and to get paid an advance for your work, which the self-publishing gurus tend to conveniently ignore or disparage.

Of course there are rare exceptions — like self-publishing superstar Amanda Hocking — and those anecdotal triumphs draw a ton of media attention. But someone always wins the lottery too. Why take that risk and sell yourself short if you don’t have to? Besides, Hocking herself has now signed with a traditional publisher for her future novels, as the best way to build on her early success.

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Fun with slush!

Anyone who has worked in publishing knows that the bane of every editorial assistant’s existence is the slush pile–the mound of unsolicited manuscripts that arrive to the office each day, all promising to be the next official Oprah Book Club selection, not to mention the best book EVER.

Of course, fewer people yearn to publish their business book than they do their novel, so luckily our slush pile is pretty manageable. Nonetheless, I was still very amused to discover the website SlushPile Hell. A sample:

My 318,000 word novel may seem like it starts a little slow, but after the first 100 pages or so it really picks up steam, so I hope you will be patient and not be distracted.

Enjoy!

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Current, Penguin’s new popular science imprint

At long last, I can share the news. The team behind Portfolio is launching a brand-new popular science imprint: Current.

See the whole press release below, and please do share with anyone who might be interested. If you like what Portfolio does with business books, you’re going to love what Current does with science.

In publishing, we often say that customers don’t pay any attention to imprints—maybe that’s true, maybe not. But authors, agents, and booksellers do. Portfolio’s sterling reputation makes my life as an editor much easier. The next challenge is to build Current to the point that it’s as synonymous with excellent publishing in its category as Portfolio is in business.

Naturally, Current will eventually have its own Web presence. In the meantime, we’ll share any Current-related news here on the Portfolio blog.

(Photo courtesy of Goddard Photo and Video blog.)

Continue Reading →

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Portfolio’s current and upcoming books (December edition)

Here’s a rundown of the new hardcover titles Portfolio is publishing between now and March 18th. If you’re a media person interested in a review copy or author interview, please e-mail me at nick.owen@us.penguingroup.com

 

Working For YouWorking for You Isn’t Working for Me:
The Ultimate Guide to Managing Your Boss
By Katherine Crowley and Kathi Elster
www.WorkingForYouIsntWorkingForMe.com
On sale now

 

MAESTROMaestro:
A Surprising Story About Leading by Listening
By Roger Nierenberg
www.maestrobook.com
On sale now

 

I Love You More Than My DogI Love You More Than My Dog:
Five Decisions that Drive Extreme
Customer Loyalty in Good Times and Bad
By Jeanne Bliss
www.customerbliss.com
On sale now

 

The Curse of the MogulThe Curse of the Mogul:
What’s Wrong with the World’s Leading Media Companies
By Jonathan Knee, Bruce Greenwald, and Ava Seave
Quantum Media
On sale now

 

The Unforced ErrorThe Unforced Error:
Why Some Managers Get Promoted While Others Get Eliminated
By Jeffrey A. Krames
http://jeffreykrames.com/
Publishers Weekly August Review
On sale now

 

Start With WhyStart With Why:
How Great Leaders Inspire Everyone To Take Action
By Simon Sinek
Why do you do what you do?
On sale now

 

The Dollar MeltdownThe Dollar Meltdown:
Surviving the Impending Currency Crisis
with Gold, Oil, and Other Unconventional Investments

By Charles Goyette
thedollarmeltdown.com
On sale now

 

You Are What You ChooseYou Are What You Choose:
The Habits of Mind that Really Determine How We Make Decisions
By Scott de Marchi and James T. Hamilton
Go to the site to see how you choose!
On sale now

 

The Buyout of AmericaThe Buyout of America:
How Private Equity Will Cause the Next Great Credit Crisis
By Josh Kosman
http://buyoutofamerica.com/
Publishers Weekly September Review
On sale now

 

No Size Fits AllNo Size Fits All
From Mass Marketing to Mass Handselling
By Tom Hayes and Michael S. Malone
Publishers Weekly August Review
On sale now

 

Inside Obama's BrainInside Obama’s Brain
By Sasha Abramsky
www.sashaabramsky.com
On sale 12/10

 

 

Unfolding the NapkinUnfolding the Napkin (Original Paperback):
The Hands-On Method for Solving Complex Problems
with Simple Pictures
By Dan Roam
www.thebackofthenapkin.com
On sale 12/30

 

The Back of the Napkin (Expanded Edition)The Back of the Napkin (Expanded Edition):
Solving Problems and Selling Ideas with Pictures
By Dan Roam
www.thebackofthenapkin.com
On sale 12/31

 

Live It, Love It, Earn ItLive It, Love It, Earn It:
A Woman’s Guide to Financial Freedom
By Marianna Olszewski
www.LiveItLoveItEarnIt.com
On sale 12/31

 

Money Talks, Bullsh*t WalksMoney Talks, Bullsh*t Walks:
Inside the Contrarian Mind of Billionare Mogul Sam Zell
By Ben Johnson
On sale 12/31

 

 

Little Blue Book of MarketingThe Little Blue Book of Marketing:
Build a Killer Plan in Less than a Day
By Steve Lance and Paul Kurnit
www.psinsights.com/
On sale 12/31

 

Can They Do That?Can They Do That?
Retaking Our Fundamental Rights in the Workplace
By Lewis Maltby
On sale 12/31

 

 

PullPull:
The Power of the Semantic Web to Transform Your Business
By David Siegel
Publishers Weekly October Review
On sale 12/31

 

The Active Asset AllocatorThe Active Asset Allocator:
How ETFs Can Supercharge Your Portfolio
By Jennifer Woods
On sale 12/31

 

 

LinchpinLinchpin:
Are You Indispensable?
By Seth Godin
Visit Seth’s Blog
On sale 1/26

 

Use Your Head to Get Your Foot in the DoorUse Your Head to Get Your Foot in the Door:
Job Search Secrets No One Else Will Tell You
By Harvey Mackay
www.harveymackay.com
On sale 2/18

 

Go-Givers Sell MoreGo-Givers Sell More
By Bob Burg and John David Mann
www.TheGoGiver.com
Click here to find out more
On sale 2/18

 

DenialDenial:
Why Business Leaders Fail to Look Facts in the Face -
And What to Do About It

Click here to find out more
By Richard Tedlow
On sale 3/4

 

Delay, Deny, DefendDelay, Deny, Defend:
Why Insurance Companies Don’t Pay Claims
And What You Can Do About It

Click here to find out more
By Jay M. Feinman
On sale 3/18

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