Copyright Deborah Greenspan 2001
Ever wonder if there's really a market out there for the book you wrote or are thinking of writing? Well, here's the lowdown. Not only are these big markets, they're also getting bigger.

Publishing is a multi-billion dollar industry dominated by 20 companies with estimated sales in excess of 33 billion in 2001. These industry giants produced approximately 253,000 of the 1,103,000 titles-in-print in 1997. Small publishers, however, reaped revenues of 14.3 billion on 77% of that number or 849,000 titles (Book Industry Study Group 1998).

Among the small publishers are a rapidly growing number of e-publishers, companies who do the majority of their business over the internet publishing e-books and print-on-demand trade paperbacks and hardcovers. According to research by Accenture, "in five years the consumer e-book market could be roughly 10% of the $32 billion consumer book market—not counting print-on-demand, which could double the total" (Publisher's Weekly 3/19/01).

This potential 6.4 billion dollar segment of the publishing pie is growing steadily according to Laurence Kirshbaum, Chairman of Time Warner Trade Publishing, and will transform the industry. E-publishing and print-on-demand technologies lower publishing costs, save trees, and reduce overhead. With such benefits, it's no wonder that even the major houses are turning to print-on-demand to revitalize their backlists while independent publishers are using the technology to increase their offerings.

Copyright Deborah Greenspan 2001

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Deborah Greenspan is a publisher and professional writer of television scripts, movies, books, articles and documentaries. Her books are available at Llumina Press at http://www.llumina.com where writers take charge of their publishing destiny. You can reach the author at mailto:dgreenspan@llumina.com.

COMPANION ARTICLE

THE NEW PUBLISHING At one time, the consumer book market was served almost exclusively by traditional book publishers who looked suspiciously at any writer who dared to go it alone. Unless, of course, that writer made money. James Redfield of Celestine Prophecy fame, for instance, was turned down by a dozen editors before he went ahead and self-published. Publishers would have continued to look down their noses at him, but for the fact that he was able to sell 100,000 books out of the trunk of his car. At that point, Warner Books decided they wanted him after all.

But despite the longstanding stigma attached to so-called "vanity presses" by the traditional publishing industry, publishing houses today are being transformed by new print -on-demand technology (the ability to profitably print one book at a time), and even the largest are positioning themselves to take advantage of it. Booksellers like Barnes and Noble have invested heavily in print-on-demand, buying some 29% of iUniverse, even though they refuse to carry iUniverse books in B&N; bookstores. Time Warner, meanwhile, has created iPublish, a more traditional version of e-publishing with layers of gatekeepers to maintain their publishing standards, and Xlibris is owned by Random House.

According to Steve Riggio, vice-chairman of Barnes and Noble.com, "we're entering an age where the distinction between publisher, author and bookseller will blur. Some authors will write their books online and sell directly to their readers. Some publishers will sell directly to consumers. And some online booksellers will become publishers."

While many traditional publishers bemoan the explosion of the new "vanity press," the fact is if it's profitable major players don't want to miss out. Laurence Kirshbaum, chairman of Time Warner Trade Publishing, notes that the internet is "growing rapidly" as a consumer marketplace. According to figures by Accenture, "in five years the consumer e-book market could be roughly 10% of the $32 billion consumer book market—not counting print-on-demand, which could double the total" (Publisher's Weekly 3/19/01).

This potential $6.4 billion segment of the market represents books published by e-publishing companies like iUniverse, iPublish, Xlibris, Indie Publish, Infinity Publishing, 1st Books, and Llumina Press, and is composed of all types of books from non-fiction to fantasy. All kinds of writers from novices to powerful authors whose names are widely known are taking advantage of e-publishing opportunities. For instance, Stephen King offered his e-book, "Riding the Bullet" on the internet, and then sold "The Plant" in $1 installments over the web.

The new "vanity press" is no magic act, and it won't disappear any time soon. This new technology will redefine the book industry. While some traditional publishers will continue to ignore print-on-demand, and others will attempt to profit from works they don't believe can sell by making money on the printing, when all is said and done, the biggest change will come when writers recognize that they can, for a very low cost, take charge of their own publishing destiny. Publishers who understand that they can work with writers to make their dreams reality may change the face of publishing forever.

Deborah Greenspan is a publisher and professional writer of television scripts, movies, books, articles and documentaries. Her books are available at Llumina Press at http://www.llumina.com where writers take charge of their publishing destiny. You can reach the author at mailto:dgreenspan@llumina.com.

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