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Extending The Publishing Paradigm: Book As Souvenir

Innovation guru John Wolpert is always pushing the envelope. And so it comes as little surprise to learn that he is innovating again.

This time his innovation is within the publishing arena with the release of his first novel, The Hidden Stage.

Set in a civic theatre not unlike the one in John’s hometown, he was inspired to write this story by a trip to his local theatre in 4th grade. He recalls how he had to go to a play there, and thought he was too cool to go.  He remembers having a serious attitude about it.  But half-way into the show, he became totally mesmerized.  The end of the first chaper of The Hidden Stage has a moment for the main character, Alex Cole,  that is not dissimilar to something that happened to him - and it changed his life.

John believes that a lot of professional writers are starting to wake up to the notion that you don’t have to print heaps of dead tree in advance in order to publish.

The new way - and while the concept of this isn’t new, the practicality of it is very, very new - is to focus on your maven market (in the case of The Hidden Stage, the 100,000 volunteers and professionals at civic theaters in the US), go viral with them, and give them the ability to order the book on Amazon.

He found that using Scribd.com was also a huge bonus.  He is able to tell exactly how the book is doing online.   In ten minutes, he had the whole book - all 450 pages - online and embedded for reading on both his own site and on Scribd.com.

John’s strategy was to first write a compelling book that was a page-turner and then to really lower the barrier to reading that first page.  As reading any book is a serious investment of time, the cover and the site were fundamental to getting that first page read.

He scripted a Flash website to give potential readers a really good sense of what they would be getting if they embarked on reading the story.  Then he gave them a simple one-click path to reading the whole book online, and finally there is the link to Amazon.

John also points out that there is an alternative through Amazon, which is not self-publishing, but simple print-on-demand through BookSurge.  Instead of authors having to put up $$ to do mini print-runs, finally print-on-demand is here.  He says it costs a little more for the book buyer, but it is great that we can finally get books into readers’ hands without having to line the pockets of publishers…all the rest is tapping the market and knowing your audience.

What he’s seen so far from feedback is that people start by reading the first page just to see what it is about.  Then they read a bit more, because the story is exciting.  If the whole story was not available for free online, he suspects that he would not be getting readers to even try the first few pages…it’s psychological.   But then they decide they want the printed book, and can get it from Amazon.

As they say:  “If your idea isn’t good, you lose.  If your idea isn’t viral, you lose.  If people don’t want to buy your souvenir, you lose.”

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Triibes: Moving Beyond The Echo Chamber With Seth Godin

August 22nd, 2008 | No Comments | Posted in Marketing, Publishing, Silicon Valley, Social Media

Today marked the inaugural gathering of the San Francisco chapter of Triibes, the social network set up by marketing guru Seth Godin.

Meeting over lunch at Apple HQ, the group discussed what they were looking to get out of their involvement, broke ice and nibbled pizza. About half way through Seth dialled in and the conversation lifted a notch.

Seth spoke about what Triibes means to him - a place to engage in dialogue with the audience he has cultivated through his writing over the years.

He also spoke about his vision of books and how they fit into the social media paradigm. He sees them as a great way of collating a number of conversations or essays into a format that can easily shared. As proof that his theory was being put into practice, the group unanimously pointed out they had all given one of Seth’s books to a colleague.

It was also interesting to note the attraction for some folks in joining Triibe was that it is not a part of the usual social networking echo chamber. Yet.

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The Future of Media is Salient

I went along to Ross Dawson’s Future of Media Summit yesterday. Kudos to Ross for pulling off what appeared to be a seamless transcontinental event.

My only piece of event-management related feedback is that in keeping with the culture of participation theme running through the media these days it would have been good to have had a roving camera and/or pans so that the audience in Sydney could see and engage with the audience in Mountain View.

To some degree this was achieved in true guerilla-style by the uber presence of Phil Morle’s conference chaser. His chaser approach is to hook up ustream to tangler to create a livestream of an event together with a rich seam of commentary. He did this to great effect at the Sydney MySpace Developer Platform launch a few months back and again yesterday.

Yesterday however, the chaser took a cool twist. Phil was located near the back of the room in Sydney and wasn’t getting good video. So he tapped into the video feed from Stilgherrian, who was seated near the front and mixed this with his audio on ustream.

My biggest take away from the time I spent at the event was captured in a comment by Mark Pesce - “Content requires Salience”. I’ll let you ruminate on that for a while.

Stephen Collins has a great wrap up of the event.

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LookSmart Shuffles The Board

July 10th, 2008 | No Comments | Posted in Advertising, Australia, Publishing, Silicon Valley, Web

Nasdaq-listed online advertising and performance solutions provider LookSmart (LOOK) has appointed Mark Sanders as Chair of the Board.

Mark has served on the former Australian company’s board since 2003. He replaces Edward West, who is CEO and President, in a move aimed at beefing up the company’s corporate governance regime.

The San Francisco-based company’s shares were down 1.28%.

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VentureWrap: MEVIO Goes Vertical With $15M

MEVIO, the broadband entertainment network formerly known as PodShow, has raised Series C funding of $15 million.

The round was led by Crosslink Capital and included DAG Ventures, Kleiner Perkins, Sequoia Capital and Sherpalo Ventures.

The funding will be used to launch vertical entertainment networks with the aim of offering advertisers a “brand safe” platform with the reach they currently receive from traditional broadcast networks.

MEVIO’s stats for May 2008 were up 800% in the last twelve months, with over 9 million unique monthly visitors. They will be exploring syndication opportunities that are expected to dramatically enhance their reach.

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Borders Sells Off Australia

June 10th, 2008 | No Comments | Posted in Asia Pacific, Australia, M&A, Publishing

Borders has finalized the sale of its Australian, New Zealand and Singapore businesses in a transaction worth approximately $104M.

The purchaser, Pacific Equity Partners-owned book retailer A&R Whitcoulls Group Holdings, had to front up with $90M in cash and will also make deferred payments of $14M. In exchange they’ll add 30 bookstores to their portfolio.

Whitcoulls was formerly known as WH Smith Asia Pacific and its portfolio of book and related products companies includes Angus & Robertson, Whitcoulls, Calendar Club, Supanews and a Travel division.

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