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Been doing a lot of thinking on that recently. I saw this article this morning and it stirred up some thoughts again on the subject.
What's the future of our dear ol' book business, eh? Where's it all heading? Well, imho, the future isn't so bright. It could be summarised thus...
1. Digital files (ebooks) downloaded for free by a generation of customers who have grown up with the idea that digital content (music files, film files, hacked game files) should be completely free.
2. Starved of profit as print sales diminish, publishers, lit agencies and book retailers will shrink, merge and eventually vanish.
3. A world full of writers submitting their mostly awful work for people to read for free - much like with YouTube, everyone will think they can make fantastic video content...but sadly, it'll mostly be mush, and a pain in the arse to wade through for the few gems.
4. Most published authors will find their income drying up to a tiny trickle, derived from the few legitimate digital sales of their work through some book equivalent of iTunes.
*sigh*
First of all....I wonder if anyone here can step in and convince me I'm utterly wrong in predicting such a gloomy future (and thus cheer me up immensely?)
Secondly, if no-one can cheer me up and we're agreed this is the shape of things to come, how the heck will future authors make an income?
If we accept that the music business is similar enough in structure to ours that it serves as a useful seeing-stone to predict where our industry is headed, then it really don't look too good. With the likes of Radiohead, Trent Reznor, and Prince releasing their latest albums for free, the discussion being had amongst musicians is that income in the future will be somewhat harder to come by, being derived from product associated to their music, eg: t-shirts, key-rings, gig ticket sales, whilst the music itself will be percieved as being valueless....little more than a teaser for merchandise sales.
So, if we take that, and construct the equivalent parallel for future authors....we'll be handing out our - worthless - novels for people to casually consume for free, in the hope that we'd build enough reader-loyalty to derive a modest income from charging money to go and do talks, flogging mugs and pens and novelty items on the side.
That all seems pretty grim to me.
Anyway...I'd love to see what others here think about this. Is this too pessimistic a prediction? Are there some rays of hope?
What's the future of our dear ol' book business, eh? Where's it all heading? Well, imho, the future isn't so bright. It could be summarised thus...
1. Digital files (ebooks) downloaded for free by a generation of customers who have grown up with the idea that digital content (music files, film files, hacked game files) should be completely free.
2. Starved of profit as print sales diminish, publishers, lit agencies and book retailers will shrink, merge and eventually vanish.
3. A world full of writers submitting their mostly awful work for people to read for free - much like with YouTube, everyone will think they can make fantastic video content...but sadly, it'll mostly be mush, and a pain in the arse to wade through for the few gems.
4. Most published authors will find their income drying up to a tiny trickle, derived from the few legitimate digital sales of their work through some book equivalent of iTunes.
*sigh*
First of all....I wonder if anyone here can step in and convince me I'm utterly wrong in predicting such a gloomy future (and thus cheer me up immensely?)
Secondly, if no-one can cheer me up and we're agreed this is the shape of things to come, how the heck will future authors make an income?
If we accept that the music business is similar enough in structure to ours that it serves as a useful seeing-stone to predict where our industry is headed, then it really don't look too good. With the likes of Radiohead, Trent Reznor, and Prince releasing their latest albums for free, the discussion being had amongst musicians is that income in the future will be somewhat harder to come by, being derived from product associated to their music, eg: t-shirts, key-rings, gig ticket sales, whilst the music itself will be percieved as being valueless....little more than a teaser for merchandise sales.
So, if we take that, and construct the equivalent parallel for future authors....we'll be handing out our - worthless - novels for people to casually consume for free, in the hope that we'd build enough reader-loyalty to derive a modest income from charging money to go and do talks, flogging mugs and pens and novelty items on the side.
That all seems pretty grim to me.
Anyway...I'd love to see what others here think about this. Is this too pessimistic a prediction? Are there some rays of hope?