Friday, July 6, 2012

The Future of Regional Cookbooks - Part 3


Electronic publishing is here to stay!  With the advent of the tablet technology and the inexpensive cost of an electronic reader the move away from paperless is inevitable. Today, the most popular titles being published in electronic format are trade novels. I believe this genre will remain the undisputed number one for the foreseeable future. In addition, it makes sense to speculate that educational publishing will be the next big category moving to electronic formatting.

But what about cookbooks?  The trend for the present seems to be that a publisher should offer books in both formats. While some people enjoy the ability to pull a recipe from a book up on their electronic reader, at the store the huge demand for e-cookbooks hasn't hit. However, as today's youth ages and becomes the consumer for e-cookbooks, I believe the demand for e-cookbooks will increase significantly. Having spoken to many individuals since the advent of electronic readers I have heard countless times that today's consumers prefer a printed cookbook.

One big factor is cost. In shopping for electronic cookbooks consumers want more than just the recipes--they want enhanced content in the form of cooking videos which are expensive to develop. In addition to being costly on the front end most feel they shouldn't have to pay as much in retail for an electronic book and therefore profits are slimmer. The business model for electronic cookbooks being highly profitable is not quite there yet.

So, should you convert your existing book over to electronic, or if publishing a new title offer it in e-format? Absolutely. I say this because the cost is insignificant and making it available in whatever format the consumer is considering just makes sense. There will probably come a day when the only printed copies of cookbooks are print on demand; however, we aren't there yet.

Tuesday, June 26, 2012

What is the Future of Regional Cookboks Part 2.

In my last post I outlined the three major challenges going on in the world of publishing. Today let's take the first issue, consolidation of the brick and mortar bookstores--only one national chain, and discuss it.

Yes it is true that there is only one national brick and mortar outlet for books. Despite this fact the only limitation to your opportunities for sales outlets is between your ears. One of the great features of publishing a "community" cookbook is involving partners within the community in a variety of ways.

Many organizations have had great success in soliciting non-bookstore businesses to stock and sell their books. From Wright's Gourmet House in Tampa to Get a Grip Tennis in Pensacola there are a ton of retail businesses willing to support your worthy cause or book if approached properly. We all know that "placement" is one of the 4 P's of a successful marketing effort so put the proper amount of time and effort into identifying these key retailers that can partner with you and make it easy for your customers to buy your book.

In addition to local retailers it is also imperative today to have your book available online. Do you have a dedicated web site for your book? Can your customer's order the book from your site or at least be directed to Amazon.com or CookbookMarketplace.com? Is there an e-pub version available through Amazon, B & ;N, Kobo or Apple?

Each opportunity for maximum placement must be worked and kept up with from an initial sales call to regular customer service. How much attention have you given to the subject of placement for your book?

Wednesday, June 20, 2012

What is the Future of Regional Cookbooks? Part 1.

Everyone in the book publishing world is trying to understand where the market is going. Never in my thirty-two years of experience have I seen things so muddled. Of course, selfishly I am focusing on the publishing of regional cookbooks but all genres seem to be dealing with the same issues.

What are the issues? In my world the 3 major issues are:
  • Consolidation of the brick and mortar bookstores--only one national chain
  • The advent of electronic publishing and e-readers
  • Free content
The first is problematic because in times past an author or organization had many "community" outlet options for distributing a cookbook. In addition, the chain stores were at least pretending to be "community-friendly" by stocking and promoting regional titles. With only one national chain store in business there isn't much competition. It has become "do it our way or you are left out in the cold".

The electronic issue is a challenge because no one has a clue how the purchase of electronic versions of a title will affect the inventory needs for printed books. Of course, the number of printed copies affects the cost per book as the more books printed the cheaper the price per book.

The free content is especially daunting if one falls into the trap of believing that consumers only buy your book for the recipes. It is absolutely true that you can log onto a bevy of websites and find multiple versions of any particular recipe that you want.

Do the challenges stated above signal an end to the "regional cookbook" genre? I do not think so and many experts agree with me.

These challenges simply mean that an author or organization must be better organized, plan their content more carefully and implement a marketing effort before the books even hit the stores. In the next several posts I'll discuss these issues one at a time plus discuss the fallacy that is being sold as "Print on Demand".

Friday, June 8, 2012

It's All About the Marketing

WARNING: This post might sound like a broken record playing the same lyrics over and over.

Recently, I subscribed to a Publishing Online Discussion Group and have been amazed at the number of authors testifying to the fact that if they don't market their book themselves there are no sales. Amazingly, most novice authors think that if they write a good book and a publishing company picks it up and decides to launch it the author's work is done. This couldn't be further from the truth.

Over and over the same refrain comes through. So, why am I going on about this issue? I am stressing it because custom publishing offers the greatest opportunity for success for most authors or organizations. If you are going to publish yourself it is imperative that you understand all that is involved with the marketing of your book and not just focus on the content.  One publisher that is involved with the discussion group mentioned that if someone has already successfully published on their own and sold 12,000 copies, he is much more likely to try and sign that author to a publishing deal.

Throughout my career I have stressed building the marketing plan while you are building the book. I believe this philosophy is the reason that our clients have had such huge successes.

If you have ideas to share on this subject or questions I would love to hear from you.

Wednesday, May 30, 2012

Advice from the Experts - Part 2

In my last blog post I shared Internet and Social Media tips 1 and 2 from our experts Molly Hodgin and Adam Malone. Here are tips 3 and 4:

3. Target bloggers that fit the demographic for your product
  • Offer a free copy of your book for review on the blog, and a free copy of your book the blogger can offer as a giveaway for extra publicity.
  • Choose local bloggers whenever possible. Local bloggers can become local supporters and a good relationship can lead to future partnerships and publicity.
  • Ask about ad space on their blogs as well as the chance for an entry promoting your book
4. Think Local
  • Local Blogs, Local Newspaper’s Websites, Local Magazines and Online Magazines- consider online ads on these sites
  • Offer free copies of your book to be reviewed by local food critics and bloggers
  • Offer free copies of your book as giveaways in exchange for publicity or an article in the publication
  • Local Online Events like Facebook parties for local businesses, clubs or live blogging and tweeting of local event. Offer chances for giveaways or special discount codes for folks who attend or tune-in.
These tips are not just theory--they come from individuals within the publishing world whose income is directly affected by their success. If it is good enough for the pros it's good enough for me to suggest you should follow their lead.

Wednesday, May 23, 2012

Advice from the Experts

In my last blog post, I shared tips for starting up a cookbook business. Since I began my career in 1975 many things have changed. Amazingly, more things have changed in the last three years than the previous thirty-four. A HUGE dynamic of this change is the advent of the Internet and social media as marketing and communication tools.

Here are a few stats and facts:
  • There were 18.4 BILLION searches conducted in March in the United States
  • Google makes up 66.4% of the search market in the United States
  • Facebook has roughly 900 Million active members
  • Top 5 most visited sites are Google, Facebook, You Tube, Yahoo and Baidu
It’s simple…customers are using the Internet to find what you have to sell so you need to be there!

During our recent Cookbook University we invited two dynamic individuals as guest speakers.  Molly Hodgin is Director of New Media for Thomas Nelson Publishing and she had some fabulous tips. Adam Malone owns his own web site development company and also shared some good insight into the social media phenomenon.

I am going to break their tips up into two two blog posts. Here is part one:

Tip 1. You must have a website
  • Give your cookbook prime real estate on the front page
  • Capture e-mail addresses of prospects and customers via registration of some sort
  • Create traffic - ads and social media should lead customers back to your website - SEO (search engine optimization)
  • Track what works

Tip 2. Be Savvy with Social Media - Focus on Facebook, Twitter and Pinterest

  • DO create a fan page and Twitter handle for your cookbook.
  • DO encourage your members to like the page, follow the Twitter feed, and post a link to the page and Twitter feed on their own time lines.
  • DO assign someone from your organization to maintain the page and feed.
  • DO post new content every day/every other day.
  • DO encourage users to interact with your content.
  • DO create a Pinterest account for your organization or cookbook
  • DO assign multiple members of your organization to pin to your boards.
  • DO follow all of the members of your organization and repin their content.
  • DO track your re-pins and “likes” to see what your followers are responding to.
Watch for the next post where I'll share tips 3 and 4 from the experts.

Tuesday, May 1, 2012

Tips for a "Cookbook Start-Up"

When an individual or an organization decide to author a cookbook they are making a decision to launch a business. As with any new business there are guidelines to follow to ensure success.  Here are a few elements you need to think about when producing  a cookbook.

1.) A written business plan--who is your book going to target? What price will it be? In what formats will you offer the book? Where do you plan to sell it? What is your overriding goal in publishing this book?

These are just a few of the questions that must be answered before launching a book; otherwise there is no road map and you are likely to get lost along the way. During our Cookbook University we spend considerable time on the necessity for developing a business plan before you begin.

2.) Financing--almost all small businesses that fail do so because they were under capitalized. If your book is intended to operate for the first year on book sale revenue without anything else you will not make it.  Even though you can sell books year round there is no doubt that the fall months are the "biggies" when it comes to revenue generation. Plus, you have to utilize marketing dollars if you want the target market to know your book exists.

3.) Accounting--I have found in my business that the value of a good accountant and accounting system is of uppermost importance in knowing whether I  am making money or losing money. Do not launch a cookbook without this key position being filled. It doesn't matter if the accountant is a volunteer or a paid individual but it does matter that they know what they are doing.

4.)  Commitment--In my experience it always takes longer to get a project started and on track than expected. Without a strong commitment to the finish line you are likely to fail. No business can succeed without an extraordinary effort and commitment.