The Wall
street Journal reporter ‘Alexandra Alter’ speaks about the e-books that
outsold the hard cover books for the first time in 2012. The advantage of
e-books is that it gives information of what the audience is reading which is
helping them change the way the book is written and then the hard copies are
printed out. When the readers skip the introduction part of the book and start
reading the 3rd chapter of the book, it helps the author realize what
the target audiences focus on. Early digital book are for reader’s feedback. Publishing
has always been a kind of instinct driven business. Some readers quit half way;
some leave it towards end and then get back after 2 weeks means that it is not
dramatic enough. This does not reveal the privacy, unless if someone is
suspicious and somebody would ask for what they were reading for past few days,
weeks or months.
CEO and Chairman of WOWIO Brian Altounian says:
Ads push
down the cost to the consumers. Advertisements reduce the cost of the books. It
affects the reader’s flow of reading when advertisements pops up in middle but
if it is done on right time it goes on smoothly without affecting the reader’s
flow. There is also an option given to the readers if they want ads or do they
want to subsidize their ads and read without ads popping up. Sometimes the ad
seems unrelated as the television give their advertisements on e-books but it
relates sometimes too, as they might advertise to a history channel through a
history book. This encourages lots of new companies as the old ones are losing,
so the new companies provide with varieties of e-books.
What looks
big now is going to become smaller soon.
The publishing business is going to tank. Books have various competitions
price competition, format competition, new ways to read and fast delivery, so
it is becoming terrific for readers. 70% of books that are sold have a record. The
market was down 2% - 3% in 2010 compared to 2009. E-books are guessed to be the
future books. 8% of books that are sold are e-books. American study more books
who are young adults. 15% of them read books on iphones. New cycle will sell quickly
but it is difficult to maintain, sometimes books are sold directly to customers
and not through book vendors. Effective promotion requires the author. Book writing
will always be and still be a lonely enterprise. This was a report by Brooke.