Ways for Publishers to Raise Revenues. Sensible Solutions for getting happily published

Beef up the lineup

Whatever you publish, you'd be wise to search for out-of-print books on your topic that you can simply reissue and for related books other publishers may be glad to grant you licenses for, either because they can't penetrate the markets you get to or because their sales are minimal. Add these to your list and you're likely to find that it reaches critical mass much faster than it would with new releases only.

But you needn't stop there. Out-of-print and underappreciated books can themselves constitute a publishing program. A number of publishers specialize in such hidden treasures. Consider Phil Zuckerman's Applewood Books Americana Reprints, for example. That line's many titles include works by Benjamin Franklin, George Washington and Walt Whitman, early versions of selected volumes in the Nancy Drew and Hardy Boys series and the original version of Rudolph the Red-Nosed Reindeer. When you can reissue a book in a facsimile edition, you incur no costs for typesetting and layout, and when you can publish one whose copyright has lapsed, you won't have to pay royalties. Even works still copyrighted can usually be had for modest fees, though, when no one has been paying much attention to them for a while.

Aim at 4 kinds of targets
Because the best way to launch any book is through the readers who will be most enthusiastic about it and most likely to recommend it, it's smart to go after special-interest markets along with trade markets.

          To target special-interest markets that will support a particular book, it pays to consider four categories, one of which is tricky:

  • Subject. This is the standard approach and a powerful one. People who are interested in whatever the book is about are clearly apt to be interested in the book. Explore the Internet for groups that serve them locally, regionally or nationwide and seek them out in geographic areas where activities involving the subject are important.

  • Setting. Whether or not a book's subject has geographic hubs of activity, every book has at least one setting that can serve as a target market. Travelers and armchair travelers to that setting may be as responsive as inhabitants.

  • Author Activity. Every author can come up with useful lists of contacts, including  colleagues, friends, fellow alums, hometown media people and directors of groups that might promote and/or sell the book. Most authors will do the work necessary to reach these people once your explain your economic realities, but make sure you and they clearly understand who's doing what.

  • Sensibility. The least conventional target marketing category, sensibility is often the most powerful. Look for people with worldviews that echo the one in any given book by asking yourself questions like: Does the subtext say that legislative cures work? That personal power is always the key to success? That integrity matters most? That people are basically good? As with the Subject category, the Internet is a great guide to non-geographic communities that will love the book and talk it up.

Seriously seek serial sales
Sections of books can sometimes stand firmly on their own feet in periodicals. And the payoff can be high in money or publicity or both.

Left to their own devices on these serial submissions, overworked people are likely to send a complete set of galleys out to a magazine that shares a book’s general area of interest. When the galleys arrive, magazine editors will be faced with a choice: (a) plow through 300 pages of material in hopes of finding 15 that might, with some work, make a piece; or (b) eyeball the book and risk missing a decent article. Quite often -- and quite rightly, given time pressures and priorities -- an editor will opt for the latter. If you want to make serial sales, therefore, you and your author will have to carve pieces out and help direct them toward the most appropriate openings you can find. 

Although you can offer  magazines, newspapers and syndicates either first serial rights (that is, the rights to the first appearance in print of this work) or second serial rights (i.e., the right to republish, perhaps in a slightly different form), it's worth remembering that first serial sales usually bring in much more money.

Send as many different adaptations of your material as you can prepare to as many appropriate outlets as you can find, and use the biographical note that runs with them to identify their parent work. You'll want readers who are enthusiastic about an excerpt to know they can easily get a copy of its source, so try hard to get periodicals to print full ordering information -- including a toll-free number and a URL -- along with your pieces.

Earn income overseas
Some books travel well. If you’re actively engaged with foreign rights, you know that. If not, you can get a sense of what's currently selling abroad by reading Publishers Weekly's coverage of book fairs and publishing houses overseas. Then, depending on your titles, you might consider exhibiting abroad with Publishers Marketing Association or one of the other companies that offers such services and think about working with one of the foreign rights agents listed in Literary Market Place.

English-speaking countries may seem the best bet because language is no barrier, but scientific, semi-scientific and scholarly works in English can attract audiences around the world, and so can some fiction, many essentially visual books for both children and adults, and nonfiction that's written by experts, provided that its content doesn't focus relentlessly on the author's homeland or include too much local language.

Whether foreign publishers buy copies of the American book or rights to publish an edition of their own, what they pay sometimes means the difference between financial success and financial failure for books from U.S. firms.

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Resources for
Raising Revenue

Publishing for Profit: Successful Bottom-Line Management for Book Publishers by Thomas Woll, 2006; published by Fisher Books. Drawing on his experiences as a publisher and as a consultant to publishers, Tom Woll has created a book crammed with solid nuts-and-bolts advice for everyone who wants to run a publishing business. Forms and illustrations help make this manual crystal clear. Woll's consulting company -- Cross River Publishing Consultants, Inc., -- is at 3 Holly Hill Lane, Katonah, NY 10536; phone, 914.232.6708; fax, 914.232.6708; twoll@pubconsultants.com.

The Publishing Law Center, Lloyd Rich's site offers a variety of information on publishing law and legal aspects of running a publishing business, along with useful links. Based in Denver, Rich also offers a free Publaw Update service, and you can sign up for it at the site.

Editorial Freelancers Association. When you need an editor, copy editor or other expert but don't want another employee, try EFA. It's smart, of course, to check references as well as to be sure the terms of all assignments are clear and in writing.

SelfPromotion.com. This site can help register your URL(s) with many search engines and indexes on the Web. Robert Woodhead's automated process distributes information to a multitude of sources after you fill-out only one form, and his zany presentation makes his practical and candid advice fun to read. The service is free initially.

Kirsch's Handbook of Publishing Law for Authors, Publishers, Editors and Agents by Jonathan Kirsch, new edition due March 2007; published by Acrobat Books, P.O. Box 80, Venice, CA 90204. It's not easy to make the law intelligible for lay readers -- let alone interesting -- but Kirsch does both.

Crackerjack Positioning: Niche Marketing Strategy for the Entrepreneur by Don Reynolds, Jr., 1993; published by Atwood Publishing, 5103 South Sheridan, Suite 524, Tulsa, OK 74145; phone, 918-459-0110. Easy to absorb and fun to read, the lessons Reynolds distills from experience are likely to stick with you. Though they're geared to whole companies, they can serve for books or lines of books as well.

Flash Magazine, published monthly by BlackLightning Publishing; phone, 800.252.2599; fax, 802.439.6463; e-mail, sales@flashmag.com. This how-to periodical covers publishing equipment and techniques.

The Insider's Guide to Demographic Know-How: Everything You Need to Find, Analyze, and Use Information About Your Customers by Diane Crispell, third edition,1993; published by American Demographics Press, 108 North Cayuga Street, Ithaca, NY 14850. The introductory essays will help when you're figuring out what sort of market research to do and the Sources sections will be useful when it's time to go after your data.

20/20 Technologies. Using this site's Links to Sites That Distribute Your Site to Other Sites, Sites That List Your URL for Free, Reciprocal Link Services, etc., you can begin to get your site submitted to and listed with the right places for promotional purposes.

Museum Store Association, 501 South Cherry Street, Suite 460, Denver, CO 80222-1325; phone, 303.329.6968; fax, 303.329.6134. If what you're publishing is perfect for museum shops, you may want to join this association so you can get and use its directory of members.

Small-Time Operator: How to Start Your Own Small Business, Keep Your Books, Pay Your Taxes, and Stay Out of Trouble by Bernard Kamoroff, 2004; published by Bell Springs Publishing, Box 1240, Willits, CA 95490; phone, 800.515.8050. This very popular guide covers everything from getting started (figuring out how much money you need and then getting your hands on it) to bookkeeping to the legal and financial side of the business.