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Ebooks and authors: The math of publishing doesn’t add up

 In Math of Publishing Meets the E-Book  ( New York Times , Feb. 28, 2010)  reporter Motoko Rich considers mainly publishers’ profits in her article about the current debate about the pricing of  e-books versus printed ones. She does point out, however, that authors, earning 15% on a book that sells for $26,  would come away with almost $3.90 after paying back any advances on royalties. 

 On my book,  Broken Patterns,  published 15 years ago by Wayne State University Press,  I made 7.5%…on each hardcover–which sold for $44.95 ( you can imagine how many I sold at that price!) and 5% on the paperback, which went for $24.95.   The book, on which I spent 12 years, went on sale a few years later…Used copies are now advertised at 11 cents…Well, you can do the math. (I can’t bear to). 
 
With a new book, Ithaca Diaries, in the works, I’ve been thinking of self-publishing, this time around. But I  read somewhere that self-published authors, using publishing on demand plaforms, sell on average maybe 25 copies—and you have to factor in the costs of marketing, editing and design. 
 
In her Times article, Rich quotes  Anne Rice, the best-selling author of vampire books, as saying that authors have no idea what books cost or what profits publishers make.  “For all I know, a million books at $9.99 might be great for an author,” Ms. Rice says. 
 
Could be.  (Hey, I was an English major–again, no math).  But  even I have figured out that if I had a day job, I shouldn’t quit it, just yet!
 
–Anita Harris

New Cambridge Observer is a publication of the Harris Communications Group of Cambridge, MA.  HarrisCom also publishes Harriscomblog and Ithaca Diaries blog.





Nurturing Networking/Branding Bonding

I recently had the good fortune to attend two unusual and exciting networking events.

The  first,  sponsored by New England Women in Energy & the Environment (NEWIEE),  featured  Federal Energy Regulatory Commissioner Sudeen Kelly.  

The second, at Seltzer Design, featured Senior Designer Annie Smidt  of Seltzer and  Rachel Hayes, Vice President of the Wellesley Hills Group branding firm, both of whom focused on what Seltzer calls “Brandparenting.”

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At WIEE  on April 28,  founder and executive director Judy Chang introduced  Kelly, who, to everyone’s surprise, said that instead of speaking about energy, she would talk about women–basing her remarks on Why Women Should Rule the World,  the 2008 book by former White House Press Secretary Dee Dee Myers.

While  one might have hoped that things would have changed by the time Bill Clinton entered office, given what we now know about him, it’s hardly shocking to learn that Myers ran into sexist treatment –nor did Kelly have much new to report on  male/female leadership styles.

Still,  in closing,  Kelly made a refreshing suggestion: rather than “network” to achieve a purpose,  she said, we should “just talk.”  Which we did–often, quite openly.

While most women waxed enthusiastic about their rapidly growing field, one senior consultant confessed that she  was tired of  her work;  a government worker was frustrated with the state’s environmental bureaucracy;   another said that she had given copies of Myers’ book to members of her husband’s family who complained to her that Hillary (Clinton) is “shrill.” 

Hoping for equally frank comments from Kelly, I asked her about her impressions of the Obama administration; she diplomatically pointed out that her commission does not make policy, but that, the Obama team does, at least,  listen.

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At a breakfast session (held May 8 in Seltzer’s downtown office at the ungodly hour of 7:30 am ) ,  we participants were invited to introduce ourselves–including one way in which we nurture  that does not include tending to children or plants.  This was a first for me–at a business meeting.

An administrative assistant said she works with hospice patients; a lawyer gives time to nonprofits;  another had taken up painting. I mentioned my clients, my artistic spirit and my upcoming photo show (more on that, soon).

Smidt showed  photos of herself, growing up, to outline the phases of  brand development–and what’s required for care and feeding as a  company grows.

Hayes defined “brand” as “the sum of activities that cause people to kmow your name, articulate what you do, and  have the impression that because of interactions they want to hire you”. 

She described the results of a Wellesley Hills study showing the elements most often used by potential clients in choosing professonional service firms. (Referrals, presentation and the Web site were the top three; more at http://www.raintoday.com).

My favorite line was a quote  Hayes borrowed from St. Francis Assisi, via James Carville:  “Go Forth and teach the gospel–speak, if necessary.”

After the meeting, Seltzer emailed a followup note thanking the participants for attending–and included a notice about my upcoming photography exhibit.

Because the people at both meetings were open and supportive, I came away feeling  enlightened,  energized and enthusiastic about bringing nurturing and community spirit to  my own marketing and client work–and wondering if (hoping that) inspirational new ways of doing business can prevail–despite the economic downturn.

New Cambridge Observer is a publication of the Harris Communications Group of Cambridge, MA.

Anita Harris is the author of Broken Patterns, Professional Women and the Quest for a New Feminine Identity.