Self-publishing, ebooks, and traditional readership are all going through a constant evolution as technology, distribution, and markets grow. What was true of the industry at the beginning of 2015 is not necessarily true as we move into 2016. To get a clear picture of the current state of the industry and where it’s headed then it’s important to take a look at these timely issues that are shaping the future of self-publishing.
Readership is seeing growth in some new and non-traditional formats. For instance, there’s been a surge in the number of people reading ebooks on their smartphones as opposed to their tablets or ebook readers. Amazon and Apple are both reporting strong numbers in the smartphone reading sector with no indication that this trend will stop anytime soon. It’s also become clear that audiobooks are on an upward trend. In fact, some creatives are choosing to produce their written work specifically for audio distribution as opposed to written distribution. This is an interesting avenue to explore for writers who are looking for new ways to spread their work to new audiences.
Authors should also expect Amazon to continue experimenting with the way they pay authors for self-published work on their KDP, KDP Select, and Amazon Unlimited services. In the past authors were paid if a reader made it through at least 10 percent of the text, but people learned quickly how to game the system by releasing short books. The new system pays authors on a per-page basis, which seems to have a positive impact for authors. This model also rewards quality writing. It could eventually help weed out the large quantity of poorly-written books flooding the market.
Articles recently have been claiming that print book sales are experiencing a renaissance, but the truth of the matter is that print book sales are still in a steady decline. It’s also true that Barnes & Noble’s stock continues to plummet and they have plans to close many stores over the next decade. There’s nothing for self-publishers to fear on that front. In fact, self-publishers will have access to more foreign markets in the future as more and more authors are finding publishing deals with foreign language agencies. These markets are primed for more ebooks from American authors, especially those countries where English is the second language.
The future is looking bright for ebook self-publishers. Take stock of the current state of the industry and learn how you can adapt your work to the times. Hopefully 2016 is a year to remember!
Read the full article here: 5 Industry Issues for Authors to Watch in 2016
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