The State of Sourcing

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?’ »

Google has the answer to a lot of questions we ask. And looks like it has the answer to this one too.

The company has been trying to digitize books through its Google Books initiative for a few years now, so it is surprising that they didn’t answer this question at the outset.

How did they do it?

Continue reading ‘Google this: Number of books in the world’ »

Digital is a place everyone seems to be going. Since Gutenberg’s modern press, printing presses across the world have churned out copious  amounts of content (estimates suggest printing revenues to be in excess of $ 1 trillion). To digitize all of it is a Herculean effort.

Continue reading ‘ReCAPTCHA-ing old books’ »

A few days ago, I came across an interesting write-up on the top 50 publishers across the world. The list, compiled by Rudiger Wischenbart, provides great insight on how the world’s biggest publishers performed in FY09.

All charts are based on aforementioned list.

Continue reading ‘The top 50 publishers: How they fared in 2009’ »

As a market to sell in or as a destination to outsource to, businesses across the world have been fascinated by China. The Chinese economy has relied heavily on exports – mostly contract manufacturing. Contract manufacturing here is a loosely used term. It encompasses everything from shoes, clothes, books, computer peripherals to machinery, heavy fabrication, automobile parts etc. It would be safe to assume, that every product out in the market has a Chinese contribution. Services might take longer to make a significant contribution to the economy, but once the population overcomes language issues, revenues from services are likely to increase.

This week, I came across an article that mentioned a few numbers about the publishing industry – which I think is indicative at best. While the numbers might be debated upon (and that would be welcome), it does not discount the fact that China is a strong contender – as a destination to outsource printing and as a potential market to sell in.

Continue reading ‘The Paper Dragon’ »

The iPad is still making the news – a search on Google News for the keyword ‘iPad’ returned close to 19,000 articles for the last month alone. The iPad, since its launch 80 days ago, has already sold three million units and shows no sign of slowing down. Like it’s other products, Apple has managed to create a strong market buzz for the iPad.

Recently, I had the chance to get my hands on an iPad – and I was impressed. The few minutes I had with the device left me appreciating the effort Apple has put into the device. The interface, driven by a touch screen, is remarkably easy to use and it makes it all the easier to access the web or play games. But what really caught my eye was the e-book experience. The book (if I remember correctly, the free copy of Winnie the Pooh), looked great – so great that I can imagine myself using it for all my reading. I can’t help but wonder if more like me are considering the switch?

Continue reading ‘Apple iPad: Loved it!’ »

From releasing a new Kindle application for Android devices to allowing customers to exchange textbooks for a gift card or announcing Facebook and Twitter support in Kindles – the past few days have been quite eventful for Amazon.com, Inc. (NASDAQ: AMZN). While these new developments reflect the inherent dynamism in the book distribution market, the possible launch of Google Editions or DangDang.com planning an IPO are indicative of the competition that the market is witnessing.

But of all the news items, what I found most interesting has been the announcement of AmazonCrossing. AmazonCrossing will use customer feedback and data from other Amazon sites to identify non-English best sellers. Once identified, Amazon will acquire and translate the book for consumption by the global English-speaking audience. The move leverages Amazon’s existing distribution networks that contain multiple channels, formats, stores and partnerships with independent book sellers.

Continue reading ‘Amazon translating into more business’ »

Some recent news on the Indian publishing scene inspired me to explore how the market is emerging in the trade category, especially in the English language.

• The Tata Group is aggressively focusing on their book publishing business. The company aims to be amongst the top five in India within the next three years.
• Penguin India has chosen one of the most popular Indian writers, Shobhaa Dé, to acquire a new line of books for the publishing house. The imprint – Shobhaa Dé Books – to be released in 2011 will cater to an urban English speaking audience.
• Penguin-India has been recording approx. 25% growth in sales. Random House, Harper Collins, Rupa and some others have been increasing their titles each year.

Outsourcing destination! That’s the foremost identity while referring to ‘India’ and ‘publishing’ together. India has emerged as a key destination for sourcing publishing services for US and UK based publishers for over two decades. But publishers viewing India as a potential market ? – It’s a different ballgame!

Continue reading ‘India: From a service hub to a potential market?’ »

For an industry that has been questioning the way it has been functioning for the past decade, the publishing industry seems to be rejuvenated with the potential of the digital market. While publishers look to overcome the decline of print by developing digital market as a revenue source, it becomes even more important to have the right vision while addressing it.  Venturing into potentially unchartered waters, require the publishers to adopt a steep learning curve that means not only operating like a Net company but also creating a strong value proposition.

A significant section of publishers addressing the digital market have relied on partners. Right from producing books, adapting them to various devices or distributing them to readers, publishers have seen the merits of depending on partners. Take for example the Apple iPad. Publishers look at this piece of gadgetry with the same glee that the music industry did when the iPod was released. Some have gone to the extent of proclaiming the iPad as the backlit beacon of hope for the publishing industry. I do not think so!

Continue reading ‘Will the iPad help the publishing industry?’ »

One would expect customer satisfaction levels with outsourcing providers to be proportional to the years spent in outsourcing. However, our findings from a recent survey of publishing industry segments – STM/Academic and Educational publishing threw some of these assumptions off the mark. It is surprising to note that publishers from the STM/Academic segment indicate such low levels of satisfaction with outsourcing despite being pioneers in outsourcing and offshoring.

Continue reading ‘Satisfaction with outsourcing: Educational vs. STM publisher’ »