Publishing Predictions for 2012 ~ The Ebook Revolution Continues

Paula Krapf, a blogger with the author marketing expert blog, ended last year with a look at trends that took place in 2010 in the publishing world and giving predictions for 2011. Now that we are into 2012, we can see how these predictions have come true and are gaining steam. The biggest news, according to Krapf, is the explosion of sales of electronic readers, which include devices like Kindle, Nook, and others–and now Google is cashing in on the huge sales with the introduction of its eBookstore. Here are some more statistics showing the growing eBook and electronic reading trends:

  • By the first quarter of 2010, eBooks accounted for 5 percent of the total book sales in the US, according to the Book Industry Study Group. By summer, Amazon.com reported that eBook sales outpaced hardcover book sales: for every 100 hardcover books sold, Amazon sold 143 Kindle books.
  • By late fall, the Association of American Publishers was reporting that eBook sales made up 9 percent of total consumer book sales.

Here’s what Krafp concludes: “What’s clear is the publishing world has changed drastically. The digital world means traditional publishing needs to move faster and offer a variety of formats for books. The explosion of e-reading devices has broken down barriers for a number of indie authors, who can publish and market their books, at a low cost, directly to a reading audience hungry for material.”

As I’ve mentioned in earlier posts, this is good news for authors because now many who just can’t get a traditional publishing contract (and they are getting harder and harder to get due to the economy and the shifting of the publishing paradigm) will be able to sell their books and get known. Authors can take their time building true fans and a growing fan base without having their book pulled off the shelves.

What’s In Store for 2012?

The Publishing Insiders–host Penny Sansevieri, CEO of Author Marketing Experts, Inc.; Search Engine Marketing Expert Susan Gilbert; and AME COO Paula Krapf–predicted the following for 2011:

  •  iPad will get competition as other tablets enter the market. Microsoft is working on one, and Amazon is hotly rumored to be developing a tablet too. Others are sure to join.
  •  Interactive eBooks are going to take off, thanks to the success of iPad (and possibly its competitors).
  • A number of books will go straight to eBook and bypass print.
  •  The issues associated with print publishing, including the cost and time of producing the print product, will lead to eBook-only publishers.
  • Indie bookstores will become a one-stop source for everything book related, since they can now sell ebooks via Google eBookstore.
  •  There will be bestselling indie eBook authors who will find success via Kindle, Nook, Google eBookstore, Smashwords, Scribd, and the myriad other ways to sell eBooks.

We saw these predictions come true, and they are steamrolling ahead in 2012. As much as traditional publishers are lamenting many of these changes, they all bode well for authors. I hope that in time traditional publishers will find ways to work within this new matrix and join in rather than fight these trends. I believe they will survive and thrive if they do!

6 Responses to “Publishing Predictions for 2012 ~ The Ebook Revolution Continues”

  1. Mary January 23, 2012 at 5:06 am #

    “I hope that in time traditional publishers will find ways to work within this new matrix and join in rather than fight these trends.” My thought, though, is why would new authors even want to pursue publication traditionally if that means aligning with others who are fighting the trends, digging their heels into the ground, and denying change? It’s a great time for independently published authors, authors who have joined the new matrix and are actually leading the way. There’s no buzz on what 2012 holds for trad’l, but you can find just the opposite for indies.

    • Carol February 8, 2012 at 1:01 pm #

      Many authors still want to publish in the traditional manner because it lends credibility that you can’t otherwise get. To the multitudes of authors who are more interested in building readership than “credibility”, that won’t matter–but if you hope to land or keep a teaching job in a university, it matters greatly. Aside from that, it’s only a question of ego.

  2. Sidney W. Frost January 23, 2012 at 12:09 pm #

    I noticed and reported on a trend of higher prices for Kindle editions of new books, sometimes higher than printed editions. (http://christianbookmobile.blogspot.com/2011/10/kindle-prices-up.html). Have you noticed this?

  3. genie January 25, 2012 at 8:51 am #

    http://www.stevebridger.com/2011/10/are-you-part-of-the-charity-industrial-complex/
    the above website is an interesting talk given by seth godin to charity organizations. if you fast forward to 10:00, you can listen to his discussion about the record industry, and reasons why it was once “perfect,” and reasons why it is now “toast” and his thoughts about the reasons for this. very good analogy for writers and our publishing industry now, i think. it’s worth a listen.

    • cslakin January 25, 2012 at 9:09 am #

      Thanks, Jeannie, for sharing this!

  4. genie January 25, 2012 at 9:39 am #

    you’re welcome, suzanne.
    here’s a quote from seth’s video, for inspiration: (insert publishing for fund raising 😉

    “it’s understanding that no one cares about you as much as you do, and if you keep acting like it’s important, it’s not going to work. that all of these things come together with this final challenge, which is, do you care enough to ship something into the world that might fail? do you care enough to get laughed at? do you care enough to put yourself out there, and have it not work? have you ever been physically thrown out of a fund raising call? if you haven’t, you don’t care enough to find out where the edges are. and this voice in the back of your head that’s saying, ‘No, no, no, don’t listen to him’ that’s your compass. everytime it tells you you’re on the wrong track. you know you’re doing exactly the right thing.”
    -seth godin

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