Pauvreté. Bits of Destruction Hit the Book Publishing Business: Part 4. In this fourth part of our investigation into the ongoing changes in the book publishing business, we look at the author's point of view.
What are they getting today? What would they like to get? What can they reasonably expect to get as this drama unfolds? Authors are the creative juice of the whole eco-system. If they don't create material that people want to read, no one will make any money. Their struggles in the old model have been well documented (of course, we should have expected them to write about their experiences): the starving writer up in the garret who uses rejection letters from publishers for wallpaper is an established literary hack. Part 4 in Our Series In Part 1, we looked at the three big waves crashing down on the traditional book publishing business: Google Search, e-books, and print on demand. Narrative or Reference? The impact of digitization depends on the type of book you're talking about: Narrative books, such as novels, biographies and other stories. Seth's Blog: Music lessons.
Things you can learn from the music business (as it falls apart) The first rule is so important, it’s rule 0: 0.
The new thing is never as good as the old thing, at least right now.Soon, the new thing will be better than the old thing will be. But if you wait until then, it’s going to be too late. Feel free to wax nostalgic about the old thing, but don’t fool yourself into believing it’s going to be here forever. 1. The music business had a spectacular run alongside the baby boomers. As a result, the music business built huge systems. It didn’t. 2. There’s a paradox in the music business that is mirrored in many industries: you want ubiquity, not obscurity, yet digital distribution devalues your core product.
Remember, the music business is the one that got in trouble for bribing disk jockeys to play their music on the radio. Most items of value derive that value from scarcity. The solution isn’t to somehow try to become obscure, to get your song off the (digital) radio. 3. The Attention Economy: An Overview. Written by Alex Iskold and edited by Richard MacManus It is no secret that we live in an information overload age.
The explosion of new types of information online is a double-edged sword. We both enjoy and drown in news, blogs, podcasts, photos, videos and cool MySpace pages. And the problem is only going to get worse, as more and more people discover the new web. Consider the two charts below, illustrating the growth of the Blogosphere at large and also in number of posts published by tech news blog TechCrunch: Because of this information explosion, we no longer read - we skim.
Economics of Attention Things get more interesting when we realize that our attention crisis is not only our problem. When information is abundant, the false positives are very costly - they are basically deal breakers. Attention Economy Concepts The basic ideas behind the Attention Economy are simple. It is important to realize that the key ingredient in the attention game is relevancy. AttentionTrust. Amazon Mechanical Turk.