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2014
will be my 20th year in publishing. I signed my first book contract in 1994 and
my first book was published in 1995. The wild success of that book and its
sequel made me an international bestselling author. Since those early
beginnings, more than 150 of my books have been published and let me tell you
it's been one crazy ride.
I've seen other writers sharing about their experiences in their blogs, though
mostly from the viewpoint of strictly self-published authors, so I wanted to
offer viewpoints on two things: so-called hybrid authors and long tail
publishing.
ABOUT MY PATH
The path I've traveled hasn’t been all roses, cavalcades, and unicorns. The
publishing business can be an ugly business; the world can be an ugly place. And
yet, I’ve never lost belief in my words or my ability to instruct, to entertain,
to tell a story. I love the craft.
I’ve not only written in literary genres from action/adventure, mystery and
suspense to science fiction and fantasy, in subject areas from computer
technology to military memoir, and in children's picture books for toddlers,
preschoolers and early elementary school readers--but I’ve been successful in
all.
ABOUT MY SALES
From the publication of my first book in 1995 to early 2005, I had sold well
over 5,000,000 books. From 2005 to 2015, I am on track to again sell well over
5,000,000 books.
In the past 20 years, I've sold well over $100,000,000 in books and I'm on track
to reach $200,000,000+ in sales in 2014. That kind of outsized success isn't
something everyone will achieve. That kind of success is something I can't
believe I've achieved.
People often have ask me if all the success changed my life and I’d like to
think that it has in many ways. But it’s been a long, long road and a road that
never started with me trying to get published.
In fact, I wrote novels for years before I ever tried to get published. For me,
writing was never about getting published. It was always about doing what I
loved. And doing what I love full-time for 20 years has given me great
perspective on writing, on success, and on life.
ABOUT GOING FROM PRO TO HYBRID
Being a hybrid author refers to writing both as a professionally published
author and as an independent author. For a professionally published author, I
think it's a logical transition to the independent marketplace and it's a
transition born of simple economics. Economics that work like this:
$200,000,000 at retail x 45% = 90,000,000. Based on a typical 55% discount to
bookstores.
20% off the top for returns, other withholdings, etc = 72,000,000
Average royalties = 10% (I know, I know you hear 12%, 15% numbers but the actual
rate varies depending on marketplace sold, whether 3rd party distributed, how
packaged, etc).
10% of 72,000,000 = 7,200,000
20% off the top of this for agents, managers, etc. leaves about 5,760,000.
5,760,000 over 20 years is about $288,000 in annual earnings (not including
actual expenses like health care, marketing, etc).
Or put another way, at the end of the day, what the professional author actually
gets is about 3% of total earnings.
In contrast, indie earnings can be much more substantial as a percentage of
total earnings, though significantly less in the total net earnings department.
In theory, indie authors can earn as much as 35% - 70% of net sales. But
theories don't always hold water. As an indie, my end of the day indie earnings,
after top-level expenses, actually amount to about 10% of total earnings.
* The breakout that follows does not include sales data for 2.5 million Robert
Stanek, Bugville Learning, Ruin Mist Publications, etc but does include sales
data for 7.5 million William Stanek, William R. Stanek, William Robert Stanek,
and related titles, etc:
500,000+ sales at $70 & up ($70 x 500,000 = 35,000,000)
2,000,000+ sales at $59.99 to $69.99 ($60 x 2,000,000 = 120,000,000)
3,500,000+ sales at $29.99 to $59.98 ($30 x 3,500,000 = 105,000,000)
1,000,000+ sales at $19.99 to 29.98 ($20 x 1,000,000 = 20,000,000)
500,000+ sales at up to $19.98 ($10 x 500,000 = 5,000,000)
ABOUT GOING FROM INDIE TO HYBRID
As an independent, authors can have total control of their works. However, the
indie must wear many hats and perform many tasks, including sales and marketing
activities. At some point, as an indie's success increases, an indie may have to
make a choice between having time to write and performing all these other
activities. At that point, I think trying to transition to a hybrid author model
increasingly makes sense.
With pro contracts, agents, or both come things solo flying indies can't get.
For example, access to large sales and marketing networks. Also, the ability to
network with other authors published by the publisher or working with your
agent. It's how a newly minted hybrid indie can make connections to big name
authors and suddenly get written about in major magazines and newspapers.
ABOUT MY BOOKS
I wrote for many years before I got publishing, having finished my first
full-length novel in 1986. Currently, I have over 150 published works, which
vary in length from 654,000 words (the longest, a 1600-page behemoth work) to
300 words (the shortest and one of my illustrated children's books).
Those many works available in many editions, many formats, many languages, and
many markets become several thousand live titles. For example, I have over 1,000
English-language titles just in library distribution.
I track the sales of my books across the more than 35 marketplaces where they
are sold every few years (usually every other year). That's how I get fun stats
like 7.5 million William Stanek books sold, 2.5 million Robert Stanek books
sold, etc.
Hundreds of books and thousands of titles is an approach to publishing called
long-tail publishing. With long-tail publishing, the author relies on a relative
trickle of sales over many years. I say relative trickle as some of my books
sell hundreds of copies a year while others sell thousands or tens of thousands
of copies a year.
To better understand trickle theory, consider this:
A $350 monthly cell phone bill becomes a $50,000 expense after 12 years. $350 x
12 x 12 = $50,400.
A book that sells 100 copies a month has 24,000 sales after 20 years. 100 x 12 x
20 = 24,000.
Thus, the trickle of sales slowly builds into a mountain.
ABOUT MY WRITING DAY
Counting all my writing (indie, pro and otherwise), I have about 20,000,000
published words, 10 million pro and 10 million indie, give or take. Those ~20
million words written over a period of 30 years (1986 to present) weren't
blasted out at a rate of tens of thousands of words a day or week. They were
written at the rather sedate pace of about 2,000 words a day, across a 7-day
work week--with some days lots of writing done and some days no writing done
too.
Of course, my days also are filled with other writing-related tasks. If I’m not
writing, I’m probably designing a book cover, doing illustration work, setting
type on an illustrated page, sketching out a story line, reviewing printed
pages, or any of the dozens of other things that must be done to prepare a book
for publication. Why? Because there’s no one else to do that work if I don’t.
I don’t think many people understand how technical writing works and how
involving it is. With technology books, writing is only one part of a much
larger process that also involves author review and page review. As I write
chapters, those chapters go to editorial and also are sent on to technical
reviewers. When I get chapters back from editorial, the chapters contain edits
and comments from the copy editors, development editors, and others on editorial
staff. The chapters also contain comments from technical reviewers. This part of
the process is called author review.
During author review, I’m working with the manuscript in Microsoft Word. I must
respond to every question and query and a typical chapter may have several
hundred of those which may or may not require me to make actual changes in the
text. Author review is followed by page review. Page review is the final part of
the manuscript review process.
During page review, I’m working with the manuscript in its final form in Adobe
Acrobat. The manuscript is marked up with comments that I must address from the
formatters, proofreaders, and others on the editorial staff. For pre-release
products, there may be several rounds of author review and several rounds of
page review.
After all these years of writing, I have a simple formula to determine how much
of my time a writing project will require, inclusive of writing, review, and
everything else that a book involves. 1 page = 1 hour. Thus, if I’m writing a
700-page book (inclusive of all front matter and back matter), I must plan for
the project requiring 700 hours of my time.
With indie fiction, the formula is probably closer to 2 pages = 1 hour, but the
actual work required can sometimes be more, as I have to wear many more hats
when I do indie work.
ABOUT MY STRATEGY
As you can probably guess, with all the books I've published, writing is my
full-time occupation and my full-time hobby and has been for the past 20 years.
My strategy for spreading the word about my books is simple.
In the early days I did book tours when I could and traveled a lot. Traveling
gets old though and the good news is that once you've established yourself, you
don't really need to tour any more. For those reading this who haven't attended
book fairs, done readings, or traveled for book tours, I recommend seeing if
it's in your best interest to give it a try.
I haven't done the book fair, reading, book tour circuit thing though for the
past 15 or so years. These days, I blog when I can, tweet a few things when I
can, and post to Facebook and such when I can. And that's my primary marketing.
I occasionally do media advertising and press releases, though I always ensure
that I never pay retail for advertising.
Why? I want every dollar I spend on advertising to go 10 times as far as it
normally would. Planning advertising across longer periods of time helps. For
example, from mid-2008 to late 2009, my publisher and I spent $100,000 on
advertising. As it was mostly my money, you can be darn sure that I made sure
every dime went as far as it could. Large and repeated buys across various
marketplaces got us some extremely good rates (we paid about .20 on the dollar,
so our advertising at card rates would have been about $500K).
That kind of spending is not something I would recommend. That spending was for
a special occasion, leading up to the recent year-long celebration of the book I
counted officially as my 150th. (Significant career milestones are fun and
important to celebrate.)
The kind of marketing I recommend to indies is this: market where you see the
most value. Facebook is one of the places I see a great value these days. With
$250 targeted correctly, I can reach 1 million people (or at least get 1 million
views). That's extreme value and it's one reason why I've dropped $30K on
Facebook advertising in the past 5 years.
ABOUT THE FUTURE
I'm not sure how many writers realize that book sales are more like the ebb and
flow of tides than tidal waves coming ashore. Books sales rise and fall over
time, and if you're lucky, they keep rising and falling over time. As the book
world transitions to an e-marketplace, it's important to remember that ebooks
are really only in their infancy. While ebooks are big in the US and a few other
countries, the rest of the world is still largely dominated by print. And beyond
both print and ebook are tons of additional opportunities, including audio.
I'm tremendously grateful to my readers and my publishers. Currently, I am
working to finish an 8-book contract with my publishers. The contract is the
largest one I’ve ever signed. The project, which has consumed part of last year,
all of this year and will carry me well into next year, entails over 4,000 pages
of writing—and I’ve been going at it 7 days a week trying to meet all the
timelines.
Four of the eight books have now been published and I am working my way through
writing, reviewing, and final work on all the others. I’m very grateful to have
this work, especially as the industry is in such flux. Such tremendous flux is
not uncommon in the publishing industry. There have been waves of flux in the
past and there will be waves of flux in the future.
If all the years of writing have taught me anything, it’s patience. I’m not in a
hurry to publish anything. I release my books on my schedule, not anyone else’s.
I have so many finished books because I’ve been writing for 30 years--and 20 of
those years as a full-time writer.
If you want to be a long-time participant in this crazy game, I hope you'll keep
in mind the ebb and flow. The ebb and flow can ruin you or you can embrace it as
simply the way things are.
Hope my insights from 20 years in this crazy writing business help you in your
writing.
Thanks for reading,
Robert Stanek
(c) 1995 - 2013 Robert Stanek