Ebooks are not only a unique way of reaching more audience but also have shaken the publishing industry. But the good thing is that most of the disruptions are working to the benefit of the writer. When the change started, most publishers were afraid that onset of e-books was going to destroy their business. However, it turns out that they were wrong because book sales have skyrocketed. Although hardcover book sales have reduced slightly, they are still doing very well.
Interestingly, the cost of production has dramatically reduced leading to higher margins for both publishers and writers. To make things better, buyers who are not on a huge budget can opt for the cheaper option for the same book. With low-cost digital versions, many books are being bought on impulse immediately they hit the market. Although this trend in prices is not new to the industry, it has led to an explosion of the industry and it keeps growing.
Unlike hard copies, e-books don’t require the long printing, bidding process. More so, there is no warehousing and shipping involved in the process. Therefore, you don’t need to have tons of money to publish a book and you can experiment with an idea until it’s perfect.
The cost factor makes it impossible for a book to run out of print for reasons associated with finances. If you are keen, you’ll realize that books that were not available on the shelves are not available online.
Unlike in the past where writers had to go through a long and heartbreaking process to get the attention of a publisher, they can now self-publish their books at a fraction of the cost. It also makes it possible for writers to stage stiff competitions with huge and established publishers for the market share.
Surprisingly, e-books have had a decoupling effect on the writer’s gross revenues. In the past, the math was simple and straightforward with the highest earning author being the one that sold millions of copies. Today, this has been overturned by the availability of several combinations of sales channels that employ different tactics. Depending on your tactics, you can beat the old earnings formula.
Every day, there are new books in every genre hitting the market. However, it’s not just traditional style books but they are coming in innovative and dedicated apps. Before 2012, you had to have an ereader for you to read a book created to open on the e-reader. But this is no longer necessary. Today you only need to download a book of your choice in an app form. Whether you are using a computer, tablet, or phone, you only need to run the app to enjoy the book. This has seen a huge percentage of people who were not e-book enthusiasts devour book apps vigorously.
Because they are more interactive they offer more value to the readers. In addition, readers can install the periodical updates to their books for a better experience. However, there are some ambitious writers who are making their books look like community platforms aimed at getting feedback for improvement. Most experts in the writing industry believe that there is more change to come and things are set to get better.