Penguin Random House Sales Decline Almost 10 Percent in 2016
Recently the biggest of the Big Five publishers, Penguin Random House, reported that sales dropped 9.6 percent in 2016. The decline is directly related to the drop in ebook sales in 2016.
According to their annual report, the company plans to employ a “differentiated pricing” strategy. This may mean Penguin Random House could begin to compete with small presses and Indie authors in the “low price” Kindle ebook market. At the very least, it sounds like the Big Boys are coming after the Indies. Time will tell if the “Biggest of the Big Five” can adapt to the shifting landscape of the ebook market.
Barnes & Noble Continues to Close Stores;
Amazon Continues to Open Stores
“Last week, Amazon opened a store in Chicago, Illinois, its first physical bookstore not in a coastal city, and the second of the seven it plans to open this calendar year. Meanwhile, Barnes & Noble plans to open four new stores and close 12 by April 30, according to David Deason, vice president of development. It already closed the only general-interest bookstore in the New York City borough of the Bronx. Last fiscal year the company closed eight locations.” Read the full article.
Amazon Announces Its Influencer Program
“The Amazon Influencer Program is exclusively designed for social media influencers with large followings and a high frequency of posts with shoppable content. An intuitive vanity URL makes it easy for customers to find, browse and buy the products introduced to them through social media influencers. The program allows influencers to earn fees for purchases they drive through their social media platforms. This program is currently in beta mode and open by invitation only.” ~ Amazon
If you are a social media influencer interested in joining Amazon’s Influencer Program, click to apply.
Tips for Marketing Your Book
Improve your book marketing description with BookBub’s A/B testing program. First suggestion? Acknowledge praise immediately. Learn more at BookBub.
Learn how other authors use Goodreads for their book launch: Is Goodreads part of your book-launch? If not, check out this Goodreads author book launch timeline.