by James Scott Bell
Here is the last TKZ post of the year. We will be taking our annual two-week break, and gather again on January 2, 2023. It seems apt, then, to take a look in the rearview and also through the windshield. Where have we been, and where are we headed?
What a year. Sometimes it felt like the cruise of the Lusitania; at other times, like an old wooden roller coaster about to be condemned. There were all sorts of moments:
- Russia invaded Ukraine. Kim Kardashian and Pete Davidson broke up. Hordes of Twitter users seemed unable to determine which was worse.
- Speaking of Twitter, some car guy bought it.
- Will Smith slapped Chris Rock.
- Johnny Depp used the term “a grumpy” in open court.
Some notable deaths were: Queen Elizabeth, Angela Lansbury, Bill Russell, Sidney Poitier, and the last great spitballer, Gaylord Perry.
Other deaths included decorum, nuance, and rationality.
And over in the publishing world—
Print Book Sales Were Down
According to Publishers Weekly:
Unit sales of print books fell 4.8% through the first nine months of 2022, from the comparable period in 2021. Unit sales dropped from 570 million copies sold in the January through September period in 2021 to 542.6 million in 2022 at outlets that report to NPD BookScan. The sales decline slowed during the third quarter, falling from a drop of 6.6% in the first half of 2021. The decline also follows a year in which unit sales for the full year rose 8.9% over 2020.
Ebooks and Audio
Ebook sales are notoriously difficult to quantify, because Indie and Amazon stats are largely hidden. With trad pub, ebook revenues were down 6.7% as compared to the first eight months of 2021. Audiobooks sales, however, were up 5.5%.
Indie sales generally may not have been spared the downward trend. Why? While sales were up during lockdown mania, when people couldn’t go out to bookstores, it seems 2022 saw a reversal of this trend. Coupled with challenging economic times, sales of just about everything were down. It feels a bit like 2008-2009. One blog lists several factors affecting book sales, e.g.,
- Looming recession
- Collective fatigue
- Demand saturation, tapering-off growth
- Declining old-guard ad platform effectiveness
The blog suggests that “if consumers are spending less, it might not be the time to ditch Kindle Unlimited if you’re established there and it’s been good to you, as people will cancel their subscriptions last.”
Dedicated Ebook Readers Are Dying
Nook is on life support. Kobo is mostly in Canada. Kindle still dominates, and Amazon just released a cool new model. But it appears that phones and tablets are replacing e-readers.
While that transition does not affect ebook reading per se, it does make formatting a most important consideration. Your books have to be readable on the smaller phone footprint. I use Vellum, which takes care of that problem. What are you using?
Bestsellers Are Getting Shorter
Interesting data from the analysts at Wordsrated:
- Bestsellers are getting shorter – the average length of the NYT bestseller decreased by 51.5 pages from 2011 to 2021, from 437.5 to 386 (11.8%).
- Long books (over 400 pages) are disappearing – the share of long bestsellers went from 54% in 2011 to 38% in 2021, a 30% drop.
- Long books stayed 4.4 weeks longer on the bestsellers list than short books (under 400 pages) until 2016. Since 2016, short books have been on the list 1.9 weeks longer than long books.
(Mr. Rogers Voice): “Can you say ‘shrinking attention spans’? I know you can.”
That’s good news for indie writers of pulp-style fiction. Instead of two books at 90k each, they can do three books at 60k—and charge the same price for each one.
The Big Antitrust Case
You all heard about the DOJ going to court to stop the proposed merger of Penguin Random House and Simon & Schuster. But did you understand it? Without going into massive detail, antitrust law (according to the DOJ itself) “prohibits business practices that unreasonably deprive consumers of the benefits of competition, resulting in higher prices for products and services.”
But the way this case was presented was to protect that slice of authors who command advances of $250,000 or more. Is that you? I didn’t think so.
The trial was marked by the testimony of CEOs and agents and one Mr. Stephen King, who said:
I came because I think consolidation is bad for competition. That’s my understanding of the book business, and I’ve been around it for fifty years. When I started in this business, there were literally hundreds of imprints, and some of them were run by people with extremely idiosyncratic tastes, one might say. Those businesses were either subsumed one by one or they ran out of business. I think it becomes tougher and tougher for writers to find enough money to live on.
(For a summary of the key events of the trial, see the coverage by Publishers Weekly.)
The DOJ won. PRH has decided not to appeal. In reading Judge Florence Tan’s decision, a few things jumped out at me:
- Only 35 out of every 100 books published turns a profit.
- “Breakout” titles — those books that “outstrip” expectations — are what make up most of a pub company’s profit.
- The trad model is to acquire a large number of books, knowing that most titles will not be profitable, and hoping for that big home run, like Gone Girl.
- PRH CEO Markus Dohle testified that publishers are like “angel investors” that “invest every year in thousands of ideas and dreams, and only a few make it to the top.” When a book is a breakout, it allows the company to take risks in acquiring new books and “betting” on new titles.
- And this, from pg. 19: “Self-publishing is not a significant factor in the publishing industry. Self-published books are rarely published in print and are typically limited to online distributions. The authors of self-published books cannot pay themselves an advance. [JSB: But they get a 70% royalty and get paid every month!] Moreover, individual authors generally do not have relationships with media or distributors necessary to ensure that their books are visible to a potential audience.” [JSB: How often does a fiction author get on The Today Show?]
So what does all this mean for writers who don’t command huge advances? The ever-insightful Jane Friedman, in her Hot Sheet newsletter (subscription required) says:
All along, I’ve said in this newsletter (and elsewhere) that I don’t think this case has much or any bearing on the average author’s earnings. While I can’t speak to the legal merits of the government’s case, I’ve never been convinced that blocking this merger would save anything of value that wasn’t already lost decades ago, when industry consolidation began. Nor is anyone arguing, as far as I’ve seen, that preserving the advances of authors who receive $250k+ will have positive trickle-down effects for the entire literary ecosystem.
On Predicting the Future
“People ask me to predict the future, when all I want to do is prevent it. Better yet, build it. Predicting the future is much too easy, anyway. You look at the people around you, the street you stand on, the visible air you breathe, and predict more of the same. To hell with more. I want better.” – Ray Bradbury
“The only way you can predict the future is to build it.” – Alan Kay
“I never think of the future, it comes soon enough.” – Albert Einstein
“The future belongs to those who believe in the beauty of their dreams.” – Eleanor Roosevelt
So How Do You Earn More Dough Next Year?
1. Within The Forbidden City
In traditional publishing, it used to be said you needed four to five books getting an increasing foothold among readers to move toward significant writing income. See The Career Novelist by agent Donald Maass.
In these latter days, however, an author has one or maybe two chances. As the DOJ case revealed, the big pubs want home runs, and want them out of the gate. They generally won’t put any significant marketing money into most books unless and until those books show some momentum on their own.
So write a home run and you’re golden.
If not, and you are shown the gate by the Forbidden City elders, there are many smaller publishers out there who will allow you singles and doubles, and a shot at building a readership.
Want to know what it takes to bring in some good lettuce as an indie writer? I found the information in this survey instructive (h/t Joanna Penn for the link). It confirms my own experience. It’s worth your time to have a look.
Still and all, one truth remains: the best marketing, in either world, is word of mouth, which comes from the books themselves. Meaning—
Stick to The Fundamentals
From time immemorial, writers of fiction have known that the fundamentals for success are basic: be good and be productive.
To be good means always growing in your craft. Assess your work vis-à-vis the seven critical success factors of fiction—plot, structure, characters, scenes, dialogue, voice, and meaning. Figure out what needs improving (and remove any chips on your shoulder) and then set about to study those areas and practice what you learn.
As for production, you don’t have to write a novel every month. Just be consistent. A page a day is a book a year. Determine how many words you can comfortably write in a week. Up that by 10% and make it your weekly goal. If you miss a day, make it up on other days. If you miss a week, fuggetaboutit. Start fresh on Monday.
Develop ideas even as you’re working on your WIP. Be like a movie studio, with one “green lit” project, a few “in development” and a few that are one-line pitches.
Most of all, nurture the joy factor and love what you do.
Have the mindset of the pulp writers of yore, who didn’t have time to whine or moan during the Depression. They had to eat, so the wrote. And looked at the enterprise as a business. One of those writers was W. T. Ballard, who wrote for Black Mask. In an interview later in life he said:
My views on writing as a business? That it is not much different from any other. You have to keep swinging, rolling with the punches, keep alert and attuned to the changes that take place suddenly or gradually, but always constantly.
Words for writers to live by.
Now from all of us at TKZ: Thank you, loyal readers, for another great year. We have some of the best, most informed, and most interesting commenters in the entire blogosphere. Let’s continue the conversation in 2023. May abundant blessings be yours this holiday season. See you soon!
Thanks for another great year of your contributions for TKZ. Have a Happy New Year, and the best to all in 2023. See you on the flip side.
Happy Festival of Lights, Terry (as opposed to Festivus, which begins with the airing of grievances).
A great jam-packed post to end the year! I wish all TKZ contributors a restful break–I can’t express how much I appreciate your wonderful, insightful tips throughout the year.
As to notable public deaths, I’m always hit hardest by the steady loss of classic country music artists & among others this year we lost C.W. McCall (“Convoy”), Naomi Judd, Mickey Gilley, Loretta Lynn, & Jeff Cook of Alabama. I still can’t believe these lads and lasses are even old enough to be near the ‘passing’ stage.
RE: Things affecting book sales—I take very seriously “collective fatigue” because that was a huge issue for me in 2022. Usually I read around 40-50 books a year. The last 2 years that has been WAY down. Indeed this year, though I haven’t checked yet, I doubt I’ve even read 10 books start to finish. The biggest culprit is having to sift through biased news to try and find the most balanced—it’s a massive time drain so by the time I WANT to read for leisure, I’m just too tired.
And I’m feelin’ jealous—this massive shift to reading everything on a phone. Boy, the collective eyesight of the masses must be improving rapidly, whereas mine keeps aging. I cry foul. 😎
I still love my Kindle (mostly read e-book due to above mentioned aging eyes) and I want a new kindle, but the last one I saw advertised was $200!!!!! They must be taking advantage of declining Kobo & Nook e-readers to stick it to the customers.
I hope people will not quit writing longer books—they are still my preference, whether I have time to read or not.
Thus far in 2022, I’ve written 36,326 words. Sounds paltry. BUT: 1) it’s better than a lot of other years and 2) I still expect to write 20-30k in the last 2 weeks of this year. And for a little over half the year, I’ve been working on a project consistently, so celebrate and have a Barq’s with me. 😎
Blessings to the entire TKZ community. Have a restful and rewarding rest of 2022 and may 2023 be awesome for all.
Jerry Lee Lewis, RIP.
That boy could rock.
Good on ya BK for that end of the year goal. Thanks for your contributions here at TKZ.
BTW, the new Kindle I mentioned in the post is only $99.99:
Thanks! I didn’t see that one.
Jim, what an excellent overview of 2022–the good, the bad, and the ugly. You managed to deliver less-than-positive news w/o leaving me depressed! Much appreciated!
Although I’ve learned a great deal from you over many years, the one lesson that always carries me through is WRITE MORE BOOKS. Keep writing no matter what. Trends come and go, the market rises and falls, publishers go in and out of business. Those factors are outside of our control. But we can control how much we write and constantly improve the quality.
Best wishes to you and your family for a Merry Christmas and healthy, happy New Year!
To everyone at TKZ, this continues to be the best writing gig I’ve ever had and I’m grateful for your interest, support, and feedback.
Hope whatever holidays you observe are full of love, joy, fellowship, and good food! See you in the New Year!
Thanks, Debbie. We learn from each other here, and you’re a big part of that. E.g., But we can control how much we write and constantly improve the quality.
Such a great lesson, Debbie, and one that I’m doubling down on in 2023.
Thanks, Jim, for a very informative review of ’22, and a look at the coming year (predictions and tips). That link to “this survey” (Clayton Noblit) is worth bookmarking for further study.
I want to wish you and your family, and all the wonderful participants in this TKZ community, a joyous holiday season and a healthy and productive New Year!
Blessings back at you, Steve! Thanks for contributing to another stellar year.
Jim, thanks for this great summary of writing and publishing trends, something smart writers need to know. And many thanks for the advice you’ve shared here and in your excellent books.
You are quite welcome, MC. Thanks for your comments here at TKZ. Keep ’em coming in 2023!
Jim, thank you for this terrific overview of the year in publishing and how to better prosper with your writing in the coming year. I always look forward to your insights, and once again, you gave us the goods. Thank you.
I consider you to be one of my mentors in writing, and in publishing, and can’t thank you enough sharing your wisdom and experience, in your nonfiction and here for so many years. Thank you from the bottom of my heart.
Our KZB community means a great deal to me, and I feel very fortunate to be part of it. Best blog on the internet.
Hope you have a wonderful holiday season. See you in 2023!
Kind words, Dale, and greatly appreciated.
Thank to you for your exemplary editing of our Words of Wisdom. A great addition to our craft studies here.
Good morning, Jim. What a great post you’ve wrapped up the year with. It’s enough to tide us over until TKZ starts up again in 2023.
Your work here at TKZ is an inspiration to us all, and you’ve been a mentor to me through your novels, craft books, and courses since I began working on my first novel. I am truly grateful.
It is also a great privilege to serve as a contributor to TKZ. There is one statement that stood out powerfully in your post today: “We have some of the best, most informed, and most interesting commenters in the entire blogosphere.” So true! I look forward daily to the wisdom, wit, and humor from all the TKZ contributors and commenters. It is the best kind of community.
Thanks for another great year. Have a wonderful holiday break. See you soon.
Thanks, Kay. You’ve been a great addition to our blog. Merry Christmas, and a happy running year.
Great post, JSB…
People ask me to predict the future, when all I want to do is prevent it. Yep, this is me on a bad day. 🙂 On a good day? Bring it!
I join you in wishing the TKZ Team a wonderful season of family, food, and joy; and to get back at it in January.
TKZ is as much a staple in my author-life as coffee and chocolate in my “real” life.
Ha! You and Ray are on the same page, as they say. See you next year!
The price of books keeps rising while pay does not keep pace. I love books (a Kindle only lasts so long during hurricane power outages) but am relying more on the library these days.
I’m not reading as much just because I don’t have much free time and try to spend what little free time I have writing.
Merry Christmas and happy whatever you celebrate. Thank you all for this blog. It’s a treasure. I hope the coming year treats you all well.
Hugs from Florida!
I know, Cynthia. We are all like that character Burgess Meredith played in what is usually cited as the most popular Twilight Zone episode of all…the one where he survives a nuclear war and now as “time enough at last” to read…only to be foiled by Fate. May our reading glasses sit safely on our noses!
Sorry for hijacking your comment, Cynthia. I’ve been trying to comment all day and keep getting “Denied for too many attempts.” Ugh. The only way I could comment was to reply to an existing comment through the dashboard. Anyway…
What a superb way to end the year, Jim.
“The future belongs to those who believe in the beauty of their dreams.” – Eleanor Roosevelt
Love that quote.
Wishing you and yours a Merry Christmas and Happy New Year!
Thanks for another amazing year, TKZers! See ya soon. 🙂
Glad you got in through a back door, Sue. Let’s hope Santa brings us a solution to this issue for the new year!
Thanks to Jim and all the bloggers here for a great year of articles and chit chat. Have a happy break and whatever holidays you celebrate.
I follow Nathan Bransford’s blog. He’s a former agent, and he’s now a writer. Anyway, he does an annual publishing news in review. He focused on different publishing news.
And thanks for your contributions to TKZ, Marilynn.
And boy, is that HarperCollins strike Bransford refers to ever a sign of the challenging times the major publishing industry is heir to. Going to be a very interesting 2023 in the Forbidden City.
Jim, and the rest of the TKZers, thank you for a wonderful year of posts! Every day here I learn something. Thank you for giving your time and paying it forward. You’ll never know how many aspiring writers you have helped!
Merry Christmas and Happy New Year!
Same to you, Patricia!
Thanks for an inspiring end to another crazy year, Jim. Stay well and healthy, TKZers and readers, and happy holidays, however you celebrate.
A good summary of another wild year, Jim. Thank you to our readers and my fellow bloggers — you inspire me all year long.
Happy Holidays, however you celebrate.
See you on the flip side, Elaine!
Very interesting. Thanks for a very thorough work-up on the state-of-the-market, Mr. Bell. Happy vacationing, and see you next year.
Thanks, J. See you here.
Have a safe and happy holiday season, y’all.
I’m going to try something different tomorrow, it is a writing group called “Shut up and write!” the idea is you show up, brief intro, and then you write for a solid hour. At this time I need that sort of urging to get off my tuchis and write for a solid hour.
I’ll let you know how it works out.
I like it. Happy New Writing!
Test at 2022/12/23 10:30 CST
Dear Mr. Bell,
Thank you for sharing your wisdom with us. Merry Christmas to you and your family.
Thank you, Mary. And Happy New Year to you!