eBooks are an interesting concept for me, as they potentially solve a problem I have: the only way to ship books to international markets (such as the US) economically, is in bulk, and I’m not dealing in bulk, so those markets are closed to me. I’ve been looking into eBook platforms as a way into those markets, but the eBook market is barely more than nascent. If anything, it’s childlike. Any effort I put into ePublishing will yield a fraction of the return I could get by marketing my printed book in the UK. There might be a time when the market is mature enough to allow a self-publishing writer to receive a good return on their efforts, but it’s a long way off. I can see a point where eBooks and printed books will coexist, satisfying the needs of a varied readership, but I don’t think it’s as imminent as some others appear to.
The Hurdles
Before the eBook market becomes a serious contender, I can see a series of hurdles holding back mass acceptance:
- FreeBooks. The race to the bottom has seen most books by independent or minor authors on sale for jack – $0. Trading financial remuneration for exposure, these authors/publishers have driven the market into the ground, to the point where the content has been so devalued, even if people do start charging again, it’s going to take a long time before customers are prepared to pay.
- Loss-leading. At the other end of the scale, blockbuster titles are selling at heavily discounted prices; for example, at time of writing, the Twilight novels are selling on the Kindle store for just north of $5. This means that even if customers are prepared to pay more than nothing for a book, you’re very soon going to hit a ceiling beyond which you can’t charge. There’s no market in that gap.
- Format Wars. A slew of new eBook readers arrived at the CES show this week, and with them comes an increasing number of conflicting eBook formats and DRM systems. I don’t know exactly how many formats, as I don’t care, which is my point. Customers don’t want to be restricted in what they can and can’t do with their content, and don’t want to be stuck with hundreds of pounds-worth of eBooks that only work on a dying platform. There has to be consolidation, and it has to happen quickly, otherwise the market will be dead before it’s started (look at what happened to HD DVD: people waited and waited to see which format would become the standard, to the point where they gave up waiting, and now the winner also the loser).
- Publisher Acceptance. The book publishing industry is chasing its tail trying to work out how to survive in the digital real, and they’re not, in my opinion, playing it smart. When Apple launched the iTunes Music Store, they became the gatekeepers to a way around the music piracy problem; the record companies needed Apple, and as a result they got reamed on the deal. The book industry doesn’t have a problem – at least, not to the same extent – yet they seem to be elevating Amazon to a position of power. It’s not like book pirates are scanning books in their bedrooms and uploading the pdfs to torrent sites. So why are the publishing companies letting Amazon lead them in this dance? They need to work out a deal in which everyone, and not just the technology manufacturers, benefits and books, and good writing, don’t become the innocent casualties. Then they could focus on how to market and manage this new product. Of course, if the publishers realised that by joining together for a common good, they could kill off eBooks within a month by refusing to move to a digital platform. But that would be naughty.
I’m not anti-eBooks. Not really. I think eBook textbooks for students are an amazing concept, and newspapers/magazines could flourish in the digital space. And I do know a few people who read a lot and don’t want to own the paper books, and they could be a good niche market for eBook publishers. Whatever happens, I just want it to be over. All of this wrestling to establish the market, it only really harms consumers, and it seems that, as always, the media companies are fine with that.
But this is books, not pop music, and not Hollywood movies. There’s always been a certain legitimacy associated with the book industry – an element of class. How about we keep that traditional image intact, and just get this done as quickly, and as painlessly as possible?
Tags: Amazon, EBook, Kindle, Publishers, Punk, Self-publishing