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Alvin C. Romer

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Is It Time for the Publishing Industry to Change Marketing Strategies?
by Alvin C. Romer   
Rated "G" by the Author.
Last edited: Friday, October 30, 2009
Posted: Friday, October 30, 2009

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Amid the current economic maladies, the publishing industry like other corporations are experiencing the same angst in their bottom lines. Read what one industry-level personnel has to say in an opinionated view, accordingly.

 Is it time for publishers large and small to change their marketing strategies? Which is more relevant, readers you’re hoping to help establish your financial success, or how much money can be made in any given quarter or fiscal year? No one will ever dispute that mainstream publishing and all of their subsidiaries are money making ventures that caters to a bottom line relative to return of invested dollars that have branded their products. Their status quo mentality oftentimes have taken the reading public for granted, but now that the economy is forcing them to reassess their financial foundations it should also be a magnification of how their decisions are affecting readers. A colleague of mine, Fauzia Burke, who is the founder and President of FSB Associates is currently a featured blogger onThe Huffington Post new books vertical where the article you're about to read below originally debuted. The article due to heavy readership ended up on the front page of Huff Post for a few dayswhere it featured poignant pleas for the industry to take heed to that segment of the industry that cannot be ignored any longer. After talking to staff members at FSB Associates it was agreed that the area that I serve most should be aware of her approach to opinionated matters that would ascertain to a wider awareness. I readily support this effort and I invite your attention to her concern:      

With today's search empowered readers, do we need to market and publish books differently? Does general publishing makes sense in an age of Google searches, micro communities and niche marketing? Today's readers are tech savvy and resourceful. They know how to get the information they need and have higher expectations from publishers and authors. They don't just expect a book, they expect a community with their book. I often hear publishers say that there are "very few brands in book publishing." But to thrive in today's competitive, niche markets, perhaps brands are exactly what we need. What readers choose to read is personal and an extension of who they are. Shouldn't their book choices be supported by a publisher, a brand that is invested in their interests? Many small publishing companies have done an enviable job of branding themselves and building reader communities around their books. Take O'ReillyTOR and Hay House. You may not read their books, but you know what they publish. Their communities trust them. People who share their point-of-view flock to their lists. These companies publish for a niche community, and are trusted members of their community. They provide extra resources, and often their authors are members of the community itself. TOR has even launched a bookstore to meet their readers' needs. These publishers show passion for their books and an understanding of their readers, and as such their readers reward them with loyalty.    

Publishing books for the community 

Besides reader loyalty, publishing for micro communities may have other long-term benefits as well. For example, the focus would help publishers save money on marketing. Marketing through online communities is less expensive and much more powerful than trying to reach the general public and hoping to find the right match. The publisher's Web site wouldn't have to cater to a wide variety of people, it would be designed to serve the needs of a small group. Instead of expensive advertising, they could announce the book to the community that has already bought into their brand. Publishers and authors could enlist the support of the community to spread the word (which will always be the most efficient method for marketing books.) The logo on the book spine would mean the readers have a promise that the book is worth reading. The readers would know that the publisher looked at over a thousand manuscripts all on the same topic and is offering them the very best. So are large, general publishers at a disadvantage with today's search-empowered, community oriented readers? I think so. General trade publishing is for everyone, yet there is no "everyone" out there. Readers are part of micro communities. They want good books, and they need publishers who will support their interests and passions. The bottom line is that publishers and authors need to evolve their marketing and publishing strategies to accommodate for a new kind of reader. A reader whose expectations demand more interaction and community. A reader whose loyalty you can have once you have earned it. A reader who wants more than a 6 week marketing campaign so you can sell a book. This new reader requires an investment of months and years. Is that too much to expect? Perhaps. But this is your new reader, and she will stay with you if you stay with her. 

Author Bio: Fauzia Burke is the Founder and President of FSB Associates, a Web publicity firm specializing in creating online awareness for books and authors. For more information, please visit

www.FSBAssociates.com. Stay tuned for Web marketing tips in future weeks, or follow FSB on Twitter to see our result is in real time:

http://twitter.com/FSBAssociates ©2009 Fauzia Burke

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Web Site: The Romer Review



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