As the old adage goes, the only thing constant in life is change. Everything in life changes, and people are always left struggling to catch up. The publishing industry is no exception to this rule.
With the introduction of electronic books and the rise of self publishing via websites like Create Space, LuLu, and Smashwords, the shape of publishing as most writers knew it is morphing into something new and different. It’s becoming more of a “do it yourself” atmosphere, and I’m not sure how much that is affected by the up and coming generations’ sense of entitlement or if it’s just a sign of the times.
Ebooks are attractive because there is very little cost to put out product, which means product costs less, so the consumer buys more. In theory.
The old powerhouses are losing their solid hold. They have somewhat outdated business practices and are struggling to change, but it’s like a turtle with the world on its back – it takes time and huge effort to adjust course. Small presses are springing up everywhere, and because they are small and new, they can jump right into what seems to be working. (more…)