Publishers Weekly’s Post

Hachette Book Group has reported its third quarter results and Publishers Weekly has shared their results. As one of the "big five" US publishers Hachette is a bellweather indicating both the health of the industry and industry trends. They report gains helped by adult bestsellers by Malcolm Gladwell and Freida McFadden and children and young adult segment’s growth led Peter Brown's The Wild Robot series. Most importantly for us, HBG's digital audio sales accounted for 5.9% of overall sales, up from 4.1% in the third quarter of 2023. That's huge growth and just another sign that the boom is audiobooks is continuing. Hurray for audiobooks! https://lnkd.in/gCnfSP5x

E-book and Audiobook Growth: >These formats continue their upward trend. Publishers are investing in quality audiobook production and exploring hybrid formats that merge text and audio. Audiobook Growth: >Market Expansion: The number of American adults who have ever listened to an audiobook jumped from 45% in 2022 to 53% in 2023 (Publishers Weekly). This signifies a continually expanding market. E-book Growth: >Factors Affecting Growth: The maturity of the e-book market, the resurgence of print books, and the continued strength of audiobooks all influence the pace of e-book growth. Places to Find More Stats: >Publishers Weekly: (https://lnkd.in/gVHceK8u) >WordsRated: (https://lnkd.in/gBAAsVud) >Grand View Research: (https://lnkd.in/gFS6RbM) >Statista (https://lnkd.in/g8ZapvAY)

📚When you're ready to print and distribute your book, you might feel like you have many choices. But here's a secret: Many "publishers" actually use #IngramSpark to print and distribute their books. Find out why! ➡️ https://selfpub.is/3T2df3S #selfpublish #POD #indiepub #confidence #shopindie #indieauthor #amwriting #blog

My client had eight affiliates at one point but just one guy was responsible for 95% of the affiliate sales. Why? The affiliate had used the principles in the program to grow his company from $15 million to $200 million, so his followers trusted what he said. Knowing this, I still agreed to become an affiliate for David H. Lawrence XVII's new course that teaches book authors how to narrate their own book. Look, I know that until I get through the course, apply it and have some results to talk about, all I'm really qualified to do with this right now is make you aware of a great resource. Still, I've already invested a couple hours watching the mini-course videos and what I learned has already changed how I'm going to approach script preparation for another project. Long way to say if you are at all book narration curious, click the link below and watch the first two videos. You will learn a lot! Then let David know what you think with a comment. https://bit.ly/NYOBhb #bookauthors #audiobook

Don’t miss the chance to download your copy... 👀 Are you feeling the pressure from eCommerce giants? We’ve partnered with Videowise and 31 other tech apps to create a guide specifically for small and mid-sized businesses like yours. 🔥 In Copycats to Innovators, you'll learn how to transform industry-leading strategies into groundbreaking approaches for your brand. Get your copy here: https://bit.ly/45Uj49p #flowium #ebook #ecommerce

🚨 CALLING ALL AUTHORS OUT THERE WITH AUDIOBOOKS 🚨 We've been in stealth mode building the next generation audiobook experience -- one "built by authors, and readers, for authors and readers". (not you know who and their profit margins) 🎯 With recent legal activity bringing to light the incumbents stronghold and imbalanced revenue share practices.. we thought it was time to engage with authors to share more about what we are building at Atticus / Conduit Venture Labs !! 🤝 A platform and experience that brings authors and readers closer together during and beyond the read   ✍🏽 A platform built by authors for authors, putting authors in control of their creative work and their AI future! 💰 Putting more money back in the pocket of creators, and creating seamless ways to monetize beyond the book like never seen before! If this is a vision and future you would like to be a part of, Come and join us on this journey. https://lnkd.in/gVQSgCCX

Adult Book Sales Grew 25% In April By Katy Hershberger The Association of American Publishers (AAP) released StatShot sales data for April, reporting $657 million in adult and children’s sales for the month, an increase of 19 percent over last year, when sales reached only $551.5 million — and still strong compared to $629 million in 2022. The strong AAP data comes as Circana Bookscan continues to show renewed strength among consumers, with five consecutive weeks of print sales running ahead of the same period a year ago. For weekly sales ending June 8, Bookscan showed print sales up 3 percent over the same week in 2023. Adult books sold $477 million (up 25 percent from last year), with fiction sales of $261 million and $215 million in nonfiction. Adult hardcovers sold $147 million, up 17.6 percent, with paperbacks up 29.2 percent to $156 million. Notably, digital audio sales surpassed ebooks by a wide margin. Audio rose 57.3 percent to $87.7 million, as ebooks reached $70.6 million, still a 19.8 percent increase compared to a year ago. The overall format distribution for adult books has paperbacks making up 33 percent of sales, with hardcovers at 31 percent, digital audio at 18 percent, and ebooks at 15 percent. Sales for children’s and YA books were $180 million (up 5.6 percent) with fiction sales of $150 million and nonfiction sales of $30 million. Hardcover sales were $65 million, or 36 percent of total sales, and paperbacks sold $81 million, or 45 percent. Ebooks sold $8.2 million (5 percent of total sales) and digital audio sales were $7.3 million (4 percent). The returns rate for the month was 18.8 percent—even with the returns from the same time last year, and slightly higher than 17 percent in the first quarter of 2024. Lisa Hagan Books #publishing #reading #books #editing

📈 Are you interested in understanding and mastering the art of building a sustainable subscription business? Then you should take a closer look at "The Subscription Movement"... 🌟 This revolutionary e-book and audiobook provide a comprehensive guide to navigating the subscription economy. From establishing a subscription-based business to fine-tuning and optimizing existing models, the book covers everything you need to know through seven phases and 29 concrete steps. 💡 What makes "The Subscription Movement" unique? Besides being a practical guide, the e-book also includes a series of articles that delve deeper into topics such as membership models and subscription-based models. It explores why younger consumers are more inclined towards subscription services than other target groups... 🌍 Plus, gain insight into 50 of the world's most successful subscription businesses like Dollar Shave Club, MoviePass, The New York Times, Swapfiets and Strava. This knowledge is invaluable for anyone wanting to understand the keys to success within subscription business models. 📚 & 🎧 With your download, you get both a PDF version and an MP3 audiobook, so you can learn wherever you are. 📰 As a bonus, when you download "The Subscription Movement E-Book", you are automatically subscribed to our newsletter. Our newsletter is filled with inspiration, exciting news, and cases from the world of subscriptions. If you no longer wish to receive news from us, you can always unsubscribe. 🔗Link: https://lnkd.in/dMpJAjWW Join the subscription revolution today and get the tools you need to create a thriving subscription business! Subscrybe #SubscriptionBusiness #Innovation #Ebook #Audiobook #TheSubscriptionMovement #BusinessModel #Entrepreneurship #SubscriptionEconomy #LearningOnTheGo

Do you know that pricing your digital product wrongly can lead to low sales? Many creators undercharge or overcharge, which leads to reduced sales. So, you've poured your heart and soul into creating that amazing e-book or online course. Now comes the big question: "How do you price it just right?" Let's explore some handy tips to help you find the right price that will attract your target audience. 1. Know Your Value: First, recognize the value you're offering. What unique insights, knowledge, or skills does your e-book or course provide? Understanding this sets the foundation for your pricing strategy. 2. Research the Market: Compare the prices of similar digital products. This will give you a foundational insight into what your audience might be willing to pay. 3. Consider Your Costs: Factors to consider include the time, effort, and resources invested in creating your digital products. Your price should cover these costs while ensuring a healthy profit margin. 4. Test and Adjust: Pricing is not determined at a glance. Experiment with different price points and observe how your audience responds. Be open to adjusting your pricing strategy based on feedback and market trends. Remember, pricing isn't just about numbers; it's about communicating the value of your digital product. Strike a balance between affordability and reflecting the worth of your knowledge and effort. By mastering the art of pricing, you're not just monetizing your knowledge but creating a pathway to sustainable success in the digital realm. Ready to price your product adequately? Review your digital product and start making more money now! NB: Haven't signed up yet on Kreatesell? If not, head to www.kreatesell.com and start monetizing your digital product today. #digitalproductpricing #monetizeyourknowledge #creators #kreatesell #ebook #digitalproducts #pricing

Although the extent of white labeling varies across solutions, there is no doubt on the benefits it can provide digital publishers. Learn how it can grow your brand, in our detailed blog.   Link in the comments. #DigitalPublishing #WhiteLabel #branding #growth #eBook #eBookPlatform