This article is a few months old, but it does underline some pretty horrible observations on the publishing industry:
10 Awful Truths About Publishing - Berrett-Koehler Publishers
Here are the main points it covers:
- The number of books being published every year has exploded.
- Book industry sales are stagnant, despite the explosion of books published.
- Despite the growth of e-book sales, overall book sales are still shrinking.
- Average book sales are shockingly small—and falling fast.
- A book has far less than a 1% chance of being stocked in an average bookstore.
- It is getting harder and harder every year to sell books.
- Most books today are selling only to the authors’ and publishers’ communities.
- Most book marketing today is done by authors, not by publishers.
- No other industry has so many new product introductions.
- The book publishing world is in a never-ending state of turmoil.
It doesn't make for the most cheerful reading!
I'm coming in way late on this, but I don't find these points particularly alarming, if looked at in context.
1. Yeah, but given the ability to self-publish or hybrid publish nowadays, and the new formats, how is this a surprise?
2. If by 'Book industry', you mean trade publishers, again how is this a surprise? If the big publishers aren't increasing their publishing capacity because they aren't seeing an increase in available publishable books (by their standards), then why would they increase their book count?
3. Do they include audio books? Because that area is exploding.
4. Average book sales what? Sales per book? This is or is not a problem depending on how you're calculating it. If you're including the sales of every SP novel on Amazon, most of which have a total sales of ten or less, it's not surprising.
5. And how does that compare to 20 years ago?
6. See #4
7. See #4
8. See #4
9. See #4
10. That's kind of a value judgement, and honestly describes a lot of industries.
I realize I'm responding to Brian's summary rather than to the original article, but just based on a glance, this sounds like clickbait. The rise of self-publishing has changed everything. It's changed the mix of books, it's changed (or been changed by) the new publishing channels, it's changed the range of quality. None of this is surprising or particularly alarming, IMO.
Now, there
are some ways in which trade publishing is changing or should change. One of the commonly repeated truths of book publishing these days has to do with royalties--the idea is that going with a trade publisher gets you a smaller piece of a larger pie, while going the SP route gets you a bigger piece of a smaller pie. This is, in my limited experience, very true, and it's something that I haven't seen the trade publishers react to yet.
In my case, I went hybrid--published through Audible, and self-published (kind of) on Amazon. Actually, the Amazon books are done through my agent's private-label publisher, which he has normally used to put clients' out-of-print books back up on Amazon for backlist sales. Anyway, because of this, I'm getting 70% of Amazon sales instead of some much smaller royalty through a publisher. Ditto Audible, since there's no publisher in the middle. I could probably get more unit sales if I went through a trade publisher, but I very much doubt I would have made as much total $ (Ethan agrees with this).
So what you're going to get over time, I think, is the most successful authors moving to a hybrid model designed to take advantage of the publishers' channels where appropriate, and self-publishing otherwise. This may result in trade publishers having to be more service-oriented and value-added, rather than just a distributor and middle-man.