The State of Sourcing

U.S. Internet users spent more time on Facebook than Yahoo and Google combined this past year (Nielsen, 2011). Following users, companies are also on track to spend 13.7 percent of their marketing budget on social media advertising (Borrell Inc. , 2012). Traditionally, small businesses advertised in local papers to drum up sales for their businesses. In the current scenario, Facebook and Twitter accounts threaten to usurp the place that newspapers had in selling the business to its readers.

Continue reading ‘Newspapers need to effectively monetize social media if they want to sustain their business’ »

There has been quite a brouhaha over the impact of tablets and e-book readers in our lives over the past couple of years. With the iPad series being the clear front-runners, the other game-changers are Amazon’s Kindle series and the Nook by Barnes & Noble. All the potential talk over how these will have a massive influence on media, marketing and publishing is explained by the fact that Amazon and Barnes & Noble have each decided to put another 4-5 million tablets each into the market in 2012.

This holiday season, consumers are looking at buying and gifting another transformational format for the media and entertainment industry – the e-book. With the foundation being built slowly over the past two years, the e-book industry is now unleashing its full marketing potential to convince tablet owners to make the “digital switch” from traditional hard covers and paperbacks to its electronic form. Amazon and B&N have already established their proprietary e-book formats and dozens of other publishers are getting on-board to digitize their output.

Continue reading ‘Holiday season cheer for publishing outsourcing with meteoric rise in demand for e-book services’ »

• Four in five publishers globally are already producing digital content
• PDF continues to be the most popular digital format, with a majority of publishers indicating that ‘universal’ accessibility was a driving factor for choosing formats
• Third-party bookstores/channels such as those offered by Amazon, Apple, Google and Sony  are preferred, but there is a growing need to develop online bookstores

These are some of the salient findings from our research on the state of digitization in the publishing world. The publishing industry underwent some drastic changes in the last couple of years – because of the global economic crisis and also, because of the rise of the digital market. This phase is also quite exciting. The report, sponsored by Qbend, has provided us with comprehensive insights on various aspects on how publishers are addressing the digital market. Based on over 200 responses from professionals working in the publishing industry, this report talks about the production, distribution, digital rights management and pricing of digital content.

Continue reading ‘New ValueNotes report: The current state of digital content’ »

It was the first quarter of 2009. We were interviewing service providers to create our report on “Offshoring in the Publishing Vertical, 2009“. One such interview has left a lasting impression on us. Not because the company was unique in its offerings. Not because the person we were talking to was exceptionally eloquent. But because of one statement that was a commentary on the things to come -

Continue reading ‘Technology in publishing: What next?’ »

In the recent months, we have been studying the effect of the digital market on the publishing industry. Across segments and geographies, publishers are experiencing challenges centered on costs, resources and technology that have made it necessary for them to re-invent their business models.

Of the 200+ publishing professionals we interviewed, we found that close to 4 in 5 publishers are either outsourcing or considering outsourcing publishing services. So, if the whole industry is pretty much outsourcing technology, back office processes and industry specific publishing services, why is it still taboo? Perhaps some context would help.

Continue reading ‘Why is the outsourcing of publishing services still taboo?’ »

Commented a respondent of our survey on ‘The Current State of Digital Content’. So,  how are things shaping up for digital formats, does everyone in the publishing industry feel the same way? Read on.

Changing the ‘format’ of content

The publishing industry has progressively been going digital. While selling digital content is recent, publishers have used digital production techniques/processes that are reliable, stable and efficient. Such processes, however, ended mostly in the creation of PDFs – that doubled as print ready files and/or a product that was to be sold digitally.

Continue reading ‘Device specific formats are horrible to support, and I hope they die!’ »

In August 2010, the attorney-general’s office in Connecticut, US began investigating pricing of digital content by Amazon and Apple – expressing concern over pricing agreements with publishers and its possible implications on consumers. The attorney-general’s office went on to find identical prices for titles distributed by Amazon, Apple, Borders and Barnes & Noble. So, what’s the deal with e-book pricing?

How do publishers price their digital content?

Continue reading ‘E-book prices set to drop’ »

On Monday, the 19th of November 2007, Amazon released its first generation Kindle – an event that shaped the digital market. Since then, large corporations such as Sony, Barnes and Noble, Google, and more recently Apple, have been giving the digital content market significant attention – adding credibility and more so, validating the digital market as a strong revenue source. It is this potential that is transforming the publishing industry today.

In the last few years, the publishing industry witnessed tremendous change – a change that centred around revenue and cost challenges. For publishers, the digital market presented a holistic solution – one that opened a channel of revenue with non-linear growth, while ensuring minimal costs of production & sales. Publishers worldwide are either producing digital content or are considering it as a service area.

Continue reading ‘Survey: The Current State of Digital Content’ »

A few days ago,  Seth Godin, marketing guru and best selling author, decided to part ways with his publisher, Portfolio, to self-publish. So, why did Seth decide to self-publish? And more importantly, how much money does he stand to make?

So, why did Seth decide to self-publish?

Continue reading ‘How much will Seth Godin earn by self-publishing?’ »

A question that has been playing on my mind for sometime. Authors and writers have depended on publishers for production, printing, distribution, marketing and promotion of their content. However, the rise of the digital market is challenging the traditional author-publisher relationship.

The traditional relationship between authors and publishers centered on the capital outlay required to create, print and sell books. Publishers would provide authors with advances, bear the expenses of producing, printing, distributing, marketing and promoting the books. Proceeds from the sales of the book were largely the publisher’s and a portion of it goes to the author as royalty. The value of the publisher, thus, centered on printing and selling the books.

Continue reading ‘Survey: Is self-publishing increasing?’ »