Dan Spencer Novels

Dan Spencer Novels

Feb 1 / 12:55pm

Want your book to be the #1 Bestseller? Here's how...

Sarah Palin Uses PAC to Buy Her Own Book

Political Action Committee Paid More than $60,000 for Copies of 'Going Rogue' in Late 2009

http://abcnews.go.com/Blotter/sarah-palin-pac-buy-book/story?id=9718024

This is a ploy that savvy publishers have known about for decades. Rumor has it Rush Limbaugh did something similar years ago when his first book came out. Check out any bestseller list and you'll spot something: there's no listing of how much money any title earned for any given week or who actually purchased the books. 

So, if you want to get onto the bestseller lists, buy your own books!

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Jan 14 / 10:45pm

More About Bestsellers

From The Economist magazine:

"In 'Formal Theories of Mass Behaviour,' William McPhee noted that a disproportionate share of the audience for a hit was made up of people who consumed few products of that type. (Many other studies have since reached the same conclusion.) A lot of the people who read a bestselling novel, for example, do not read much other fiction. By contrast, the audience for an obscure novel is largely composed of people who read a lot. That means the least popular books are judged by people who have the highest standards, while the most popular are judged by people who literally do not know any better. An American who read just one book this year was disproportionately likely to have read “The Lost Symbol”, by Dan Brown. He almost certainly liked it.

This explains why bestselling books, or blockbuster films, occasionally seem to grow not just more quickly than products which are merely very popular, but also in a wholly different way. As a media product moves from the pool of frequent consumers into the ocean of occasional consumers, the prevailing attitude to it—what Hollywood folk call word of mouth—can become less critical. The hit is carried along by a wave of ill-informed goodwill." 

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Jan 8 / 7:21pm

The Truth About Bestseller Lists

Check out the latest bestsellers lists from USA Today, Publisher's Weekly, the Wall Street Journal, and the grandaddy of them all, the New York Times. This week (ending today, 1/7/10) nearly every list puts Dan Brown's The Lost Symbol atop the nonfiction hardcover category. But after you move past that title, each list shows different results. Publisher's Weekly placed Mitch Albom's Have a Little Faith atop its nonfiction hardcover list, while the Wall Street Journal has Sarah Palin's Going Rogue in its top spot. By comparing USA Today, the New York Times, Publisher's Weekly, and the Wall Street Journal, you'll find only 7 out of 15 bestselling hardcover fiction titles in common on all four lists. Why the discrepancies?

As it turns out, bestseller lists are a bit of legerdemain. Each publication formulates its list based on its own criteria, and the information they receive from booksellers can be incomplete or inaccurate. As a result, most bestseller lists should be regarded with a grain of salt.

The most influential list, of course, comes from the New York Times, but Publisher's Weekly has plenty of clout, also. Their compilation process is biased before any books get counted. Here's how: Editors compile their lists based on information received from booksellers nationwide. But the process isn't as simple as retrieving sales records from each and every store or book chain or online retailer. The editors send out a list to each bookseller. The list contains up to 36 book titles that the editors prognosticate will be the week's bestsellers. They then rely on the retailers to send back the sales tallies about those 36 books. From that information, the bestsellers lists are formed. And, of course, publishing houses suggest to the NYT and Publisher's Weekly list editors what titles should be among the 36. But the booksellers have the opportunity to write in candidates for the bestseller lists based on their records. Unfortunately, most retailers never bother. The result is often lists comprised mostly of preordained bestsellers - decided by the publishing houses who have the most vested interest in their books' sales. 

Amazon is different, however. Their sales figures are instantaneous and thorough. The problem, however, is that their bestsellers only reflect Amazon's own sales, not what gets sold at brick-and-mortar bookstores nationwide. Still, their figures are presumably untainted by publishers' input.

USA Today's bestseller list, by comparison, appears to be the most fair and accurate. They don't differentiate between hardcover and paperback or fiction and nonfiction. It's a bouillabaisse of all sales figures thrown together, beginning with the number one selling title of the week regardless of category and ending with number 50. If a hardcover cookbook outsells all fiction and all paperbacks and all other categories, it goes to USA Today's number one spot. In fact, on USA Today's Best-Selling Books Database for the first week of January 2010, Alice Sebold's The Lovely Bones, reissued in paperback, has the number one spot. Dan Brown's The Lost Symbol ranks number 6 over all, not number one, and it's not even first among USA Today's fiction hardcovers. That rank goes to Stephanie Meyer's Breaking Dawn. USA Today claims to receive sales figures from a wider and deeper selection of booksellers nationwide than other lists. In fact, Publisher's Weekly doesn't divulge how its list is compiled. Instead, its website presents a snide explanation of how their list is configured.

What few of these lists divulge is the actual number of units sold in any given week or the numerical difference between sales of bestseller number one and bestseller number eight. The difference in total sales could be negligible. In particularly slow weeks, selling a relative modicum of titles nationwide could project a book to, say, the number 50 spot on USA Today's list. The title could disappear from the list the very next week and never reappear. But because that book acquired a coveted spot on the list, it gets to be called a bestseller. 

Here's the point: bestsellers lists, while generally well-intentioned, are inaccurate at best and manufactured at worst. They're sales tools. And as with all sales techniques you need to read the fine print… if its provided, which in the case of book sales often is not the case.

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Jan 3 / 11:14am

New Year, New Novel

Coming in 2010...

   
Click here to download:
New_Year_New_Novel.zip (242 KB)

www.danspencer.com

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Dec 15 / 10:08pm

If I Ran a Publishing Company

The publishing world is finally embracing ebooks. The technology has been around for over a decade and is on the verge of mainstream acceptance at last, but the publishing houses seem disorganized and without any substantive grasp of what a game-changer ebooks can be. Given what has happened to the record industry in the wake of Apple's iTunes Store, book people have reason to worry and should be scrambling to get things right. But rather than letting someone like Jeff Bezos or Steve Jobs dictate the future to them, publishers would be wise to take initiative and devise broad ebook strategies that will serve their long-term purposes. I would. And here's what I would do if I ran a publishing house.

1. Eliminate physical galleys and proofs. All editing, proofs, and galleys should be done electronically, if they aren't being done already. Savings would be immediate and substantial.  

2. Create limited-run ebooks to generate buzz and test the market. Let's say there's a new title about to be released by a mid-list author or a debut novelist, but editors can't agree on the P&L's. Advertising and PR campaigns can run a fortune and are wasted on books that underperform. Word of mouth is the best sales tool available. But how do you create buzz on a book that isn't available yet from an unknown or little known author? The traditional method has been to send out galleys to influence book buyers, reviewers, readers, etc. But reviewers are going the way of the dinosaur. My idea: 
  • Make the first 'print run' of the book only available electronically. There's zero cost involved. 
  • Make pitches to valued readers to get in line for a very limited number of free ebook copies of the title. 
  • Once a target number of free downloads is reached, the freebie expires. 
  • Provide those who downloaded and read the book with a forum, not unlike Amazon's comments, to post their critiques and opinions. 
This is a no-cost way to generate buzz and/or get a feel for the size of an initial print run. It might also spell doom for a title that gets lambasted by readers, but that saves the publishing house money, too, by providing data for killing a book before too much money is spent on either promotion or advance money. 

3. Release ebook exclusives. Suppose a title has only a niche audience, but that target market fits the ebook reading crowd. Case in point: computer software how-to books. Strike a deal with savvy authors to release their titles exclusively as ebooks. Add the incentive that if electronic sales exceed a predetermined amount then there will be an initial physical print run.

4. Include value-added updates and additional content to ebook editions. A biography could contain an ebook exclusive chapter. Books about recent events could include ebook-only updates. Novels could include audiobook narrations. Any ebook could contain audio commentary by the author or an author interview or links to both. By adding value, a higher price can be justified.

5. Reduce remaindering. Throwing out unsold books is an archaic business standard. A better option would be to send book retailers prepaid mailing packaging, upon request, that ships unsold titles directly to a] booksellers who request more copies of that title, b] to libraries willing to pay for the books at deep discount, or c] online retailers willing to warehouse the titles. Remaindering is a moot point with ebooks, of course.

In the long term, brick-and-mortar bookstores might disappear like their cousins, the record stores and the video rental stores. That should be welcomed by the publishing world, because then they won't have to persuade finicky booksellers which titles to carry. The publishers will control that. They will also be able to eliminate remaindering and profit and loss statements. Profits should increase because waste would be eliminated. Ebooks offer great potential for the publishing world. If I were CEO, my publishing house would be prepared for this new opportunity.

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Dec 12 / 8:02pm

NY Times Obit of Kirkus Reviews

End of Kirkus Reviews Brings Anguish and Relief

By MOTOKO RICH

Published: December 11, 2009

The book industry, beleaguered by a battery of dispiriting news about lackluster sales and online price wars, got another taste of the apocalypse on Thursday with the news that Kirkus Reviews, the venerable prepublication review journal, was closing.

Then again, there were those who were not so quietly relieved that a frequent source of author flaying had been subdued.

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The decision by the journal’s owner, the Nielsen Company, to close Kirkus stunned the industry, with a reaction that was a mix of “Oh no!” “Good riddance” and “Ho hum.”

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Booksellers gave mixed reviews about Kirkus’s influence. Some said they read it along with other journals, as well as talking with publishers’ sales representatives and reading advance galleys, when deciding what to buy. Others said they had long since stopped reading Kirkus.

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Authors seemed to have a mixed relationship with Kirkus. Not surprisingly, it had to do with what the reviewers said about their books. Julie Klam, the author of a memoir, “Please Excuse My Daughter,” said her editor had told her that while a good review in Kirkus could help a little, “if you get a bad one, it doesn’t matter, because nobody reads it.”

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Nov 8 / 10:51am

Lesson Learned

In retrospect, here's the most prevalent lesson I learned at this weekend's Self Publishing Book Expo. The most difficult tasks any person in the book business - or perhaps in any business - can undertake are (in order of importance):
1. Marketing
2. Publicity
3. Marketing & publicity
4. Getting the word out
5. Publicity & marketing
6. Finding an audience
7. Spreading the word
8. Getting noticed
9. Promotion
10. Turning all of the above into actual sales

That has apparently been the business conundrum since the invention of capitalism. And no one at the Expo showed any expertise or even any above-average savvy on how to accomplish those business necessities, especially the event coordinators who failed miserably in their marketing and publicity.

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Nov 7 / 7:51pm

What I Learned at the Self Pub Book Expo

At the last discussion of the afternoon, the topic of which was using social media to market your books, I learned something fascinating. When polled about what went into their decision when purchasing a book, the vast majority of people in the poll said their number one criteria was the book cover. The second was recommendation from a friend. Their third decision-making criteria was "Other," which could mean anything. Way down at the bottom of the list was TV and radio.

If that poll is to be believed, those Daily Show/Colbert Report guests, as well as all the authors who promote via NPR, are wasting their time. Okay, that's bullshit. You cannot convince me that reaching millions of viewers or listeners has no effect on book buying.

I do, however, believe that most people judge a book by its cover. That's why I strive to make my covers as eye-catching as my limited budgets, and my limited design skills, will allow. I received several compliments at the Expo for my cover designs. People seemed genuinely impressed that I did them myself. A not-terribly-bright young lady gave me her card; she designs book covers. The card listed her website. When she left, I surfed to her site. Wow. Really atrocious. And so were most of the books on display at the Expo, with a few exceptions.

More importantly, though, was the discussion of how spreading the word about books via social media is the best and cheapest marketing tool available. It's not enough to set up a Facebook page and say, Hey, buy my book. It's necessary to engage participants.

But the moderators made a mistake in showing examples of moderately famous people who use Facebook to connect with their fans. What those two young techno geeks failed to address was the fact that the people they were giving as examples ALREADY HAVE FANS. That's because those people are ALREADY FAMOUS.

Attracting new fans when you are totally unknown - that's the Holy Grail. And that was never addressed at the Expo.

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Nov 7 / 10:38am

10 am Setup

Before the crowds came.

(download)

Sent from my iPhone

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Nov 7 / 9:29am

Self Pub Book Expo

My table during a slow moment.

Sent from my iPhone

Posted from New York

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