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Tag: value

Heads Will Roll

Steve Osgoode, Director of Digital Marketing and Business Development at HarperCollins Canada, pointed me (and everyone else on Twitter) to an interesting post on e-books at An American Editor by Rich Adin. It’s a nice coda to the Guy LeCharles Gonzalez post I mentioned yesterday:

No industry changes overnight, so it is certain that publishers aren’t going to change their business model tomorrow just because a handful of people demand it… But the anger of the devotees, as few as they may be in number, continues and becomes increasingly strident, with neither side willing to “hear” the other.

Adin goes on to raise some interesting points. I do, however, have problems with his argument that the internet has fostered a sense of entitlement:

The Age of the Internet has birthed a belief among some consumers that they are entitled to everything they want when they want it at a price they want to pay…  Entitlement says I have rights that are more valuable than your rights (or that you have no rights)…

There is certainly some grain of truth to this and, to be fair, Adin’s argument is more nuanced than the quotation suggests. But it is also a dangerously seductive argument for publishers who don’t want to take full responsibility for their actions.

On a basic level, blaming the consumer and/or accusing them of being uppity (or worse, criminals) is not a good business strategy. Figuring out what they will pay for is a much better idea.

Customers don’t necessarily want cheap — they want value. Sure, everyone likes cheap stuff in the short term — free is even better — and yet most people know that in the end you get what you pay for. Quality costs.

Consumers will pay for things when they believe they are worth it, and as publishers, we need to recognise we aren’t always providing real value for money. We publish too many books and (shh… whisper it) a lot of them aren’t very good. We can do better. How many books really do need to be released in hardcover a full year before they’re available as paperbacks (or e-books) for example?

I also don’t think you can ignore that consumer attitudes are being led by businesses — that publishers have been all too willing to oblige — who have an interests in devaluing creative content as much as possible. Cheap content gets people in to stores and sells devices and publishers have benefited from this in the short-term. But we need to realise that cheapening our own content is like pissing in the pool. Not cool and not a good idea — even if it feels good at the time…

That all said, I think Adin recognises that it is not a one way street. He argues that publishers and consumers need to compromise:

The ebookers have thrown down the gauntlet, the publishers need to pick it up and accept the challenge. Simply because some ebookers have decided that publishers have no role to play in the future ebook world doesn’t make it so. Publishers need to redefine themselves in 21st century terms, not rehash 20th century concepts.

This, at least, seems spot on to me…

Read the whole article.

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Midweek Miscellany, Nov 19th, 2008

“We’re from Kodak, Apple, Google, Yahoo”: The Guardian profiles Blurb — a publishing company with nobody from mainstream publishing — that specialises in high-quality, print-on-demand, photography books. Very, very, cool.

Good news and bad news for online retailers: Statcan found that more Canadians are shopping on the internet, placing almost $12.8 billion worth of orders in 2007, up 61% from 2005. ComScore, on the other hand, have just released their monthly retail e-commerce sales estimates, showing that online spending in October 2008 grew by only 1 percent over October 2007–the lowest monthly growth rate since they began tracking e-commerce in 2001.

Victor & Susie: A brightly coloured “children’s book for adults” about Susie and Victor the snail, all drawn with letters and punctuation marks, published by Brighten The Corners (pictured). (via drawn)

“A kind of slow-motion suicide”: David Carr’s column for the New York Times looks at why firing their the most talented, experienced employees to cut costs backfired for Circuit City and will do the same for newspapers too:

“Right now, the consumer has all manner of text to choose from on platforms that range from a cellphone to broadsheet. The critical point of difference journalism offers is that it can reduce the signal-to-noise ratio and provide trusted, branded information. That will be a business into the future, perhaps less paper-bound and smaller, but a very real business.”

My take on this for book publishers (as it normally is): Publish less, publish better — quality matters. (via reveries)

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