2014 will be my 20th year in publishing. I signed my first
book contract in 1994 and my first book was published in 1995. The wild success
of that book and its sequel made me an international bestselling author. Since
those early beginnings, more than 150 of my books have been published and let
me tell you it's been one crazy ride.
I've seen other writers sharing about their experiences in their blogs, though
mostly from the viewpoint of strictly self-published authors, so I wanted to
offer viewpoints on two things: so-called hybrid authors and long tail
publishing.
ABOUT MY PATH
The path I've traveled hasn’t been all roses, cavalcades,
and unicorns. The publishing business can be an ugly business; the world can be
an ugly place. And yet, I’ve never lost belief in my words or my ability to
instruct, to entertain, to tell a story. I love the craft.
I’ve not only written in literary genres from
action/adventure, mystery and suspense to science fiction and fantasy, in
subject areas from computer technology to military memoir, and in children's
picture books for toddlers, preschoolers and early elementary school
readers--but I’ve been successful in all.
ABOUT MY SALES
From the publication of my first book in 1995 to early 2005,
I had sold well over 5,000,000 books. From 2005 to 2015, I am on track to again
sell well over 5,000,000 books.
In the past 20 years, I've sold well over $100,000,000 in
books and I'm on track to reach $200,000,000+ in sales in 2014. That kind of
outsized success isn't something everyone will achieve. That kind of success is
something I can't believe I've achieved.
People often have ask me if all the success changed my life
and I’d like to think that it has in many ways. But it’s been a long, long road
and a road that never started with me trying to get published.
In fact, I wrote novels for years before I ever tried to get
published. For me, writing was never about getting published. It was always
about doing what I loved. And doing what I love full-time for 20 years has
given me great perspective on writing, on success, and on life.
ABOUT GOING FROM PRO TO HYBRID
Being a hybrid author refers to writing both as a
professionally published author and as an independent author. For a
professionally published author, I think it's a logical transition to the
independent marketplace and it's a transition born of simple economics.
Economics that work like this:
$200,000,000 at retail x 45% = 90,000,000. Based on a typical 55% discount to bookstores.
20% off the top for returns, other withholdings, etc = 72,000,000
Average royalties = 10% (I know, I know you hear 12%, 15%
numbers but the actual rate varies depending on marketplace sold, whether 3rd
party distributed, how packaged, etc).
10% of 72,000,000 = 7,200,000
20% off the top of this for agents, managers, etc. leaves
about 5,760,000.
5,760,000 over 20 years is about $288,000 in annual earnings
(not including actual expenses like health care, marketing, etc).
Or put another way, at the end of the day, what the
professional author actually gets is about 3% of total earnings.
In contrast, indie earnings can be much more substantial as
a percentage of total earnings, though significantly less in the total net
earnings department. In theory, indie authors can earn as much as 35% - 70% of
net sales. But theories don't always hold water. As an indie, my end of the day
indie earnings, after top-level expenses, actually amount to about 10% of total
earnings.
* The breakout that follows does not include sales data for 2.5 million Robert Stanek, Bugville Learning, Ruin Mist Publications, etc but does include sales data for 7.5 million William Stanek, William R. Stanek, William Robert Stanek, and related titles, etc:
500,000+ sales at $70 & up ($70 x 500,000 = 35,000,000)
2,000,000+ sales at $59.99 to $69.99 ($60 x 2,000,000 = 120,000,000)
3,500,000+ sales at $29.99 to $59.98 ($30 x 3,500,000 = 105,000,000)
1,000,000+ sales at $19.99 to 29.98 ($20 x 1,000,000 = 20,000,000)
500,000+ sales at up to $19.98 ($10 x 500,000 = 5,000,000)
* The breakout that follows does not include sales data for 2.5 million Robert Stanek, Bugville Learning, Ruin Mist Publications, etc but does include sales data for 7.5 million William Stanek, William R. Stanek, William Robert Stanek, and related titles, etc:
500,000+ sales at $70 & up ($70 x 500,000 = 35,000,000)
2,000,000+ sales at $59.99 to $69.99 ($60 x 2,000,000 = 120,000,000)
3,500,000+ sales at $29.99 to $59.98 ($30 x 3,500,000 = 105,000,000)
1,000,000+ sales at $19.99 to 29.98 ($20 x 1,000,000 = 20,000,000)
500,000+ sales at up to $19.98 ($10 x 500,000 = 5,000,000)
ABOUT GOING FROM INDIE TO HYBRID
As an independent, authors can have total control of their
works. However, the indie must wear many hats and perform many tasks, including
sales and marketing activities. At some point, as an indie's success increases,
an indie may have to make a choice between having time to write and performing
all these other activities. At that point, I think trying to transition to a
hybrid author model increasingly makes sense.
With pro contracts, agents, or both come things solo flying
indies can't get. For example, access to large sales and marketing networks.
Also, the ability to network with other authors published by the publisher or
working with your agent. It's how a newly minted hybrid indie can make
connections to big name authors and suddenly get written about in major
magazines and newspapers.
ABOUT MY BOOKS
I wrote for many years before I got publishing, having
finished my first full-length novel in 1986. Currently, I have over 150 published
works, which vary in length from 654,000 words (the longest, a 1600-page
behemoth work) to 300 words (the shortest and one of my illustrated children's
books).
Those many works available in many editions, many formats,
many languages, and many markets become several thousand live titles. For
example, I have over 1,000 English-language titles just in library
distribution.
I track the sales of my books across the more than 35
marketplaces where they are sold every few years (usually every other year).
That's how I get fun stats like 7.5 million William Stanek books sold, 2.5
million Robert Stanek books sold, etc.
Hundreds of books and thousands of titles is an approach to
publishing called long-tail publishing. With long-tail publishing, the author
relies on a relative trickle of sales over many years. I say relative trickle
as some of my books sell hundreds of copies a year while others sell thousands
or tens of thousands of copies a year.
To better understand trickle theory, consider this:
A $350 monthly cell phone bill becomes a $50,000 expense
after 12 years. $350 x 12 x 12 = $50,400.
A book that sells 100 copies a month has 24,000 sales after
20 years. 100 x 12 x 20 = 24,000.
Thus, the trickle of sales slowly builds into a mountain.
ABOUT MY WRITING DAY
Counting all my writing (indie, pro and otherwise), I have
about 20,000,000 published words, 10 million pro and 10 million indie, give or
take. Those ~20 million words written over a period of 30 years (1986 to
present) weren't blasted out at a rate of tens of thousands of words a day or
week. They were written at the rather sedate pace of about 2,000 words a day,
across a 7-day work week--with some days lots of writing done and some days no
writing done too.
Of course, my days also are filled with other
writing-related tasks. If I’m not writing, I’m probably designing a book cover,
doing illustration work, setting type on an illustrated page, sketching out a
story line, reviewing printed pages, or any of the dozens of other things that
must be done to prepare a book for publication. Why? Because there’s no one
else to do that work if I don’t.
I don’t think many people understand how technical writing
works and how involving it is. With technology books, writing is only one part
of a much larger process that also involves author review and page review. As I
write chapters, those chapters go to editorial and also are sent on to
technical reviewers. When I get chapters back from editorial, the chapters
contain edits and comments from the copy editors, development editors, and
others on editorial staff. The chapters also contain comments from technical
reviewers. This part of the process is called author review.
During author review, I’m working with the manuscript in
Microsoft Word. I must respond to every question and query and a typical
chapter may have several hundred of those which may or may not require me to
make actual changes in the text. Author review is followed by page review. Page
review is the final part of the manuscript review process.
During page review, I’m working with the manuscript in its
final form in Adobe Acrobat. The manuscript is marked up with comments that I
must address from the formatters, proofreaders, and others on the editorial
staff. For pre-release products, there may be several rounds of author review
and several rounds of page review.
After all these years of writing, I have a simple formula to
determine how much of my time a writing project will require, inclusive of
writing, review, and everything else that a book involves. 1 page = 1 hour.
Thus, if I’m writing a 700-page book (inclusive of all front matter and back
matter), I must plan for the project requiring 700 hours of my time.
With indie fiction, the formula is probably closer to 2
pages = 1 hour, but the actual work required can sometimes be more, as I have
to wear many more hats when I do indie work.
ABOUT MY STRATEGY
As you can probably guess, with all the books I've
published, writing is my full-time occupation and my full-time hobby and has
been for the past 20 years. My strategy for spreading the word about my books
is simple.
In the early days I did book tours when I could and traveled
a lot. Traveling gets old though and the good news is that once you've
established yourself, you don't really need to tour any more. For those reading
this who haven't attended book fairs, done readings, or traveled for book tours,
I recommend seeing if it's in your best interest to give it a try.
I haven't done the book fair, reading, book tour circuit
thing though for the past 15 or so years. These days, I blog when I can, tweet
a few things when I can, and post to Facebook and such when I can. And that's
my primary marketing. I occasionally do media advertising and press releases,
though I always ensure that I never pay retail for advertising.
Why? I want every dollar I spend on advertising to go 10
times as far as it normally would. Planning advertising across longer periods
of time helps. For example, from mid-2008 to late 2009, my publisher and I
spent $100,000 on advertising. As it was mostly my money, you can be darn sure
that I made sure every dime went as far as it could. Large and repeated buys
across various marketplaces got us some extremely good rates (we paid about .20
on the dollar, so our advertising at card rates would have been about $500K).
That kind of spending is not something I would recommend.
That spending was for a special occasion, leading up to the recent year-long
celebration of the book I counted officially as my 150th. (Significant career
milestones are fun and important to celebrate.)
The kind of marketing I recommend to indies is this: market
where you see the most value. Facebook is one of the places I see a great value
these days. With $250 targeted correctly, I can reach 1 million people (or at
least get 1 million views). That's extreme value and it's one reason why I've
dropped $30K on Facebook advertising in the past 5 years.
ABOUT THE FUTURE
I'm not sure how many writers realize that book sales are
more like the ebb and flow of tides than tidal waves coming ashore. Books sales
rise and fall over time, and if you're lucky, they keep rising and falling over
time. As the book world transitions to an e-marketplace, it's important to
remember that ebooks are really only in their infancy. While ebooks are big in
the US and a few other countries, the rest of the world is still largely
dominated by print. And beyond both print and ebook are tons of additional
opportunities, including audio.
I'm tremendously grateful to my readers and my publishers.
Currently, I am working to finish an 8-book contract with my publishers. The
contract is the largest one I’ve ever signed. The project, which has consumed
part of last year, all of this year and will carry me well into next year,
entails over 4,000 pages of writing—and I’ve been going at it 7 days a week
trying to meet all the timelines.
Four of the eight books have now been published and I am
working my way through writing, reviewing, and final work on all the others.
I’m very grateful to have this work, especially as the industry is in such
flux. Such tremendous flux is not uncommon in the publishing industry. There
have been waves of flux in the past and there will be waves of flux in the
future.
If all the years of writing have taught me anything, it’s
patience. I’m not in a hurry to publish anything. I release my books on my
schedule, not anyone else’s. I have so many finished books because I’ve been
writing for 30 years--and 20 of those years as a full-time writer.
If you want to be a long-time participant in this crazy
game, I hope you'll keep in mind the ebb and flow. The ebb and flow can ruin
you or you can embrace it as simply the way things are.
Thanks for reading,
Robert Stanek
Hope my insights from 20 years in this crazy writing business help you in your writing.
Thanks for reading,
Robert Stanek
Thank you for sharing, Robert. This is fantastic! And congratulations on your success - extremely motivating for 'new' authors on the indie scene, like myself. Keep it up :)
ReplyDeleteGreat to hear that my story is motivating for you and others! It was a long road from my start as a writer in the 80's to my first contract in the 90's to the present, but I think one worth traveling.
DeleteVery informative and inspiring. Thank you for the glimpse into your 30 year writing career (and congrats on the 8-book contract - wow!).
ReplyDeleteThank you, Diane. As I look back, it's hard to believe so much time has passed. Seems just yesterday I was dreaming up ideas for my first book, but that was 30 years ago.
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