08/26/2010 (11:42 am)
Advertisements in Books May Be Returning
This is a little different than my usual posts about the business of writing, but it clearly falls into the overall subject matter here. Most people in the business of selling words understand that a publisher’s primary job is not printing material, but selling (marketing) it. The writer
creates the work, but the publisher finds people who will pay to read it. Thus the writer and publisher are often two halves of the same grapefruit, so to speak.
According to the Wall Street Journal, however, the profits for publishers are dwindling fast. Even in books and magazines, where traditional media seemed to have been holding its own (whereas newspapers are faltering). Ron Adner and William Vincent at the WSJ say that the future of books, especially electronic books, will include advertising because publishers have little to no profit margin in these mediums.
Of course, this is not really all that new. I have a small collection of pulp novels from the 70s, 80s, and 90s that all have advertising inserts at their centers. Collectors know, by the way, that these are worth more if they include the adverts rather than if those have been torn out. Mine aren’t worth anything, really, except that I enjoy the mindless reading once in a while. I confess to a small horde of Destroyer and Executioner novels. I especially enjoy the Destroyer series for its humor and surprising philosophic mysticism.
Books today don’t generally have advertisements in them for a simple reason: it’s hard to sell adverts in most books and the ones that could draw advertising dollars are probably selling too well to bother the reader with it. Those authors, and I’m talking about the big names like Stephen King and Michael Crichton, usually retain a large measure of artistic control over their work and would likely veto any ad attempts regardless.
Electronic books are a new medium that, while it has relatively low costs associated with it, also has a low profit margins to match. With outlets like Amazon.com selling ebooks at less than paperback prices, it’s no wonder publishers are a little worried.
Ebook reading (thanks primarily, I think, to readers like the Kindle and iPhone) is gaining ground fast as more and more people latch onto this method of absorbing literature. The market for electronic books has been growing quickly for the past few years.
Some readers, like myself (a confessed bibliophile), will probably never enjoy reading from a screen. We are, however, becoming a minority as the percentage of Americans who read regularly is migrating more and more towards electronic delivery.
How will this change the printed word?
To be honest, I don’t think it will change it all that much. Some methods of advertising, such as “push” or forced adverts, will probably create a backlash amongst readers when it inevitably appears in books. Currently, for instance, I boycott all Disney films on DVD because they force the viewer to sit through their previews despite having paid for the movie on the disc and not the previews that are an advertising bonus (in my mind) to the studio. Forcing ads between chapters, at page turns, or when loading a book to read would be comparable to that and unacceptable.
On the other hand, having an ad appear tastefully within the text or come up during the book loading (with the ability to skip it immediately) is not so bad. While it will require some getting used to, I think most people would understand that the price of a cheaper ebook is seeing those ads. Smart publishers will probably charge a premium for ad-free copies.
In the mean time, those in traditional print media will continue their doom drum beating, telling us all how the world will end because the newspaper and news magazine are on their death beds. Like any business, publishers have to adapt as times change. Today, the Internet and instant proliferation of information is quickly replacing the old print-and-distribute method. A few publishers are or will adapt and continue to operate. Others will fail.
That’s the biz, sweetheart.
