Entrekin

Yesterday, I talked about how I thought a bookstore like Barnes & Noble might survive. How the retail model seems busted to some extent.

I fear my solutions to the problem seemed vague. I thought I’d fix that.

I think we need to remember that books are not stories, and vice versa. That reading is as much about the experience as the object being sold, and as such, retail publishing must change to meet new needs of the market.

The market needs a few things, based on what is changing. The biggest change is the proliferation of digital in an almost completely analog environment, but that provides both challenges and opportunities.

As I see it, what the market really needs is simple:

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Big publishing news: Barnes & Noble, as a corporate entity, has put itself up for sale. It’s probably not big news to anyone watching the publishing industry in general, lately. B&N’s nook has a more aesthetically pleasing form factor than the Kindle, but its interface–which runs a version of Google’s Android–is clunky at best, its input system awkward, its overall experience lacking.

The only other experience it offers, unfortunately, is coffee, really.

No, seriously, consider a Barnes & Noble. Or a Borders, for that matter. With so many new books published at such an incredible rate, do you really think that’s where they make their coin?

I live in Manhattan, basically. There are a bunch of Barnes & Noble stores. Why do I go to them?

For the bargain-priced hardcovers (which are mostly remainders, and which I’m pretty sure B&N makes no money on), for the free wifi, and for the author events.

Other than that, I’ll find someplace else. If I want to buy a book, I either go to Amazon’s Marketplace or the Strand.

The reason Barnes & Noble is floundering is because the business model of selling books is starting to make less sense as more retailers find new ways of doing it. iTunes is now the nation’s leading retailer for music, purchases from which, by extension, must be digital.

One wonders if we’re on our way there now.

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First, a big thanks to anyone who filled out a survey. It helped me out a great deal, both in terms of my class and in terms of my plans.

Second, if you haven’t by now watched the teaser video for Meets Girl in the previous post, go ahead and do so now.

I tweeted a picture of the cover, and then posted this video. A lot of questions came up, most of which boiled down to “All right, it’s pretty, and I’m excited, now how do I get the damned thing, Will? You’re killin’ me, Smalls!”

The answer is simple:

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When I took that USC Business of the Business course, our final project was a business plan. It included all the sections necessary for reasons of profession and information: executive summary, financials, market survey et al..

I’m not going to pretend I can make that interesting.

It was the first business plan I ever conceived, and I tried hard but had difficulty with the course overall, which translated to difficulty with the final project. I knew how to query; I got requests for partials and polite rejections all the time. I’m reasonably good at pitching when I’m not so nervous my heart flutters. When it came time to name competition, I had trouble; I’m a writer, and don’t tend to think in terms of competition. Are Meyer and Brown competition? Part of me hopes so, because I’m about a thousand times better than either, but sometimes the market seems not to care about quality.

That’s a digression.

Part of what was hard for me was thinking of my writing so specifically as a product. Comparing my books to others. For me, it doesn’t; I write them because nobody else did and I wanted to read them.

That’s not what a business plan wants to hear.

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Crash-course preamble: before Apple announced the iPad, it spoke to many publishers about providing content for its new device, which it hoped could be used as an e-reader. Perhaps hoping that the iPad could somehow do for books what the iPod did for music, many publishers–including the six largest corporate publishers, who include companies like Harper Collins and Penguin–made arrangements to distribute content via the new device at a price point of $14.99, 30% of which Apple retained. This seemed a coup for publishers, and flush with excitement over the deal, Macmillan decided it was going to use its new leveraging power to re-negotiate terms with Amazon and its Kindle, where e-books tended to run $9.99 when published by the big six. Why, Macmillan figured, should it accept $9.99 when it could charge $14.99 (nevermind that $14.99 is, at this point, mythical, given that the iPad right now only exists on Steve Jobs desk. So far as I know, we can’t even pre-order it yet)?

Amazon held firm to its price, and then a couple of old white guys fought like only the knew how, by digging in their heels and refusing to budge. If John Sargent and Macmillan were going to refuse their pricing scheme, Jeff Bezos and Amazon decided, well, they no longer needed to sell Macmillan books. Which included a lot of imprints, like TOR, Forge, ROC, and myriad others.

And readers, who tend not to care so much who publishes their favorite authors so long as they can buy the books, got hurt. Collateral damage.

Writers? Hurt too. Because most authors have no control over those sorts of things. Certainly not over how much their books cost.

The resulting mess and its Twitstorm highlighted the bigger issue, which is digital distribution, pricing, and information. The appropriate cost of an e-book is endlessly debated because the market is still nascent and nothing has yet emerged as the “right” price point. When Apple’s iPod came out, it established price points: 99 cents per song, $9.99 for most albums, with some bargains thrown in.

Apple came late to the e-book party because Steve Jobs didn’t want to admit he was wrong when he declared “Nobody reads anymore” several years ago. Also because, of course, he wanted to get it perfectly right. That’s what Apple tends to aim for (whether the iPad manages the feat is still anyone’s guess. My thought is close, but not yet). Amazon got to set a price–$9.99–that was widely but not universally adopted. I didn’t hear much about publishers grumbling over the price; all I really heard then, mostly, was publishers hoping to be saved by the Kindle.

For my money, I think even $9.99 is too high. I tend to think e-books’ price should fall around the price we’ve always paid for mass market paperbacks: ~$7.99 or so. Over here, Jeff Vandermeer notes why he thinks the mass market paperback analogy doesn’t work, but I’m not convinced by his argument, if only for the fact that he bases his argument on the mass market paperback business model–i.e., that a book needs to sell a lot of hardcover copies to justify the bulk order of paperbacks–which for me doesn’t make sense because why are we talking about printing books?

I understand why the publishing industry feels the need to justify its own existence. I’m just not sure it can.
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Those of you who’ve read my “The Trouble with Blogging post know that this is something I’ve been thinking about. Hell, it’s part of the reason I’m doing an MBA.

Right now, I’m teaching my students about structure and plot using Harry Potter and the Sorceror’s Stone as a demonstration of a Hero’s Journey plot archetype. Reading it, I’m rediscovering just how excellently Rowling hits every plot point and necessary element note for note, from the Call to Adventure to the Crossing of the First Threshold etc. Harry Potter is really an excellent example of someone who becomes a hero; he certainly doesn’t start out that way. Yesterday, while teaching, I was asking my students what makes people heroes. What do we look for as a demonstration of heroism?

One mentioned worthwhile purpose, and intention.

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