Publishing : Australia vs Overseas… and the pandemic

Will I be able to afford to buy my favorite new release post-pandemic?

Does the U.S. economy have a monopoly on publishing economy? What do forecasters say for writers in America and Australian the face of the pandemic? Are our futures safe?

With today’s reach via the internet, authors can reach international markets with e-book sales easily; and shipping costs may impact sales for hardback or paperback copies, but that too can be circumvented by stocking large online resellers, or subscribing to print-on-demand services. If you are self-published, you have complete control of these revenue streams, but for traditionally published there is a quagmire of International law around sales and distribution that your publisher handles. Measured with a sharp eye on cost/benefit analysis whether your book will perform well in certain regions. It’s all a very intricate web of research, finance, legal rights, and marketing. So does it make sense for Australian writers to court American publishers for their debut with a traditional publisher considering USA has a double the market share compared to their home country?

It’s an interesting topic that gives me a headache if I think too much about it – because of all the moving parts. I know some published authors here in Australia mention that it’s hard to break into the U.S. market because they’re viewed as sub-par (depending who you talk to) and compared to Australian authors who have signed in the States and performed really well in all markets. Much of the information I’ve garnered is anecdotal, but it is from working writers, published authors, so there has to be a grain of truth to the snub Australian authors face when trying to break into overseas traditionally published markets. Or it may simply be that you are a big fish from a small pond entering the ocean… you are lost in a fierce amount of competition in turbulent currents with little or no experience on how to navigate those riptides. You not only have to have skill in writing, but a great team with connections on your side to catch the tide in your favor.

Okay enough with the sea analogies.

Given that the U.S. market share is the largest in the globe, (followed closely by China) there is potential to earn the most income from breaking into that market. So comparing authors (of any nationality) published in America to those of their Australian counterparts is like pulling up to a Mercedes Benz at the traffic lights and find your sitting on a scooter. Same amount of work went into the finished product, but you just didn’t have access to the market (and subsequently, the funds.) The average Australian author earns an average salary of A$13,000 (US$10,007) compared to an average author from the USA – US$51,170 (AU$66,473). That’s a huge difference in ratio of income to market share! What has me alarmed is that an updated figure for Australian Authors earnings after the impact of the pandemic reported by Helen Garner, Christos Tsiolkas and Charlotte Wood (when discussing the Federal Arts Package) recently have estimated the average income at as low as $AU 3,000 ($US2,319). No matter which way you look at it, the average Aussie writer is living WELL below the poverty line if they rely on this medium for their sole income. Despite the larger challenges, it’s looking like breaking into the American market is highly lucrative and worth the risk.

That research further shows that “among 33 OECD countries, Australia ranked 26th in the level of investment in arts and culture from all three tiers of government. The OECD average was 1.11% of GDP compared with Australia’s 0.77%.” So not only are Australians earning near the lowest income from writing in developed countries, it is also investing even less in supporting and developing this sector. I see incentives from writing groups here in Australia, and read great content getting published, but it honestly does not get enough hype and marketing overseas… we have such incredible talent, but when I look at market studies and government support for the industry, it makes me want to pack a suitcase and relocate to the States.

Many of the papers and studies I’ve been reading pre- and post-Covi-19 pandemic paint a fluctuating economy. Bookstores closing, yet book sales rising… it’s all very confusing. I feel it’s more like luck guiding our careers. Take a punt and cross your fingers to hope for the best. But above all be consistent and don’t give up… stay in the fight until you get your break.

So, putting aside all the technical jargon, let’s ask readers these questions:

• Do you care about the nationality of an author when you buy their book?
• Do you intentionally seek out foreign published works when looking to pick up a new book or rely on advertising materials or suggestions from the likes of Goodreads and Amazon?
• Do bloggers or friends help you decide on your next purchase?
• How much does cost come into play when you buy a book?

Because, honestly, the global market would not be sustainable if consumer behavior changed. If American readers branched out of regional sales in the publishing industry – and they can afford to because the cost price would be negligible – it would open doors for a truly global market. But does that mean the average U.S. reader holds the future of the global market in their reading choices? What do you think?

Personally, every time I buy a new hardback or paperback in Australia, I’m looking at needing to spend on average $AU25.00 ($US19.50) no matter what the country of origin. If I purchase online or instore… that puts buying physical books into the category of a luxury item when comparing it to the unemployment benefits we receive in this country. Just to put it in perspective. Obviously there are cheaper options, like waiting for a sale, buying second hand, borrowing from the library, or purchasing an e-book copy. But it means as a reader, my access to the market is limited. As an avid reader (and writer) that depresses me.

© Casey Carlisle 2021. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Casey Carlisle with appropriate and specific direction to the original content.

Writing a business strategy (for writers)

A guide for beginners – the business of writing doesn’t have to be a drag, it can be an example of adventure.

“For the past couple of years, I’ve been fine-tuning my business strategy as a writer. At a recent writing conference, I discovered that many writers, even those with years of experience, find setting business goals daunting. It isn’t. It’s only frightening because it seems complex. By taking it one step at a time, your business strategy can be made simple and understandable.” – Lynne Lumsden Green

When I think of a business strategy for writing, my mind instantly goes to spreadsheets and budgets, but that is only part of managing your career… and the number crunching part is really a small part. Used as a way to track and monitor progress. An article published in WQ (Jun-Aug 2020) Lynne Lumsden Green discusses this topic which I think helps demystify the task many of us baulk at. She suggests that we start by asking ourselves these questions:

1. What are your long-term goals? Where do you want to be in five years?
2. What are your short term goals? What do you want to achieve in the next six months?
3. What has worked best for you in the past? What hasn’t?
4. What can you learn from your successes?
5. What can you learn from your failures?

Upon first reading her article and going through the list of these questions an issue prominently jumped out at me regarding my own career goals. These questions prompt you to not only keep on track with your goals, but highlight what is, and is not working.

The key takeaway for me was the question about what is not working – how long have I been doing the same thing and seen little or no positive growth. It really gave me that ah-huh moment. It’s time I should be trying different methods, tackling different tracks towards my goal. What’s that old saying : doing the same thing over and over again yet expecting different results is the definition of insanity. I’ve gotten too comfortable in my systems and habits that it is now impeding growth.

These questions are all about finding out what works and using those methods to get you to your goals. Ditch what isn’t working.

Lynne Lumsden Green goes on to discuss:

“Let’s look at part of my business strategy as a stepping of point. For 2020, one of my goals is to get more paying gigs. This means I need to write nonfiction articles for magazines, as well as short stories for paying markets. From January, as part of keeping proper records, I’ve been keeping a monthly spreadsheet separate from my nonfiction submission spreadsheets. I started by wanting to sell an article a month, but I am hoping to increase that to one article a week by December. To do this, I need to develop a pitch/query at least once a week. To do that I must develop relationships with the editors of my target markets.”

“Can you see how setting goals leads to implementing a series of logical actions to achieve that goal?”

I love how Lynne explains desire/goal through to a practical application to achieve a result. My writing goals are more based around getting first drafts completed by the end of this year, gearing up for putting out for submission later in 2021. So I have set scenes I have to write each day (notice I didn’t say word count, but story elements of the plot.) In conjunction with this I am researching Publishers who are accepting submissions, what their guidelines are, creating paragraph summaries, tag lines, 1 and 2 page summaries, noting themes, writing up short character profiles… all that lovely marketing material you need for a pitch/submission. Additionally, some publishers (mostly overseas) require that you have a literary agent to represent you, so I have been researching that as well. Again, many are genre specific and have their own guidelines for accepting applications. Another aspect of this goal is researching writing competitions – these can not only put up on the radar of publishers/agents, but if you win, it commonly results in a publishing contract. All of this activity not only makes the whole writing activity real, but gives you a deadline. And each bit of information or step you achieve along the way is ticking off a small task towards your longer term goal.

If you want to get even more technical you could also be tracking the amount of time you spend writing, researching, marketing, so that when you start to earn money through a book advance, sales or royalties, you can estimate how much money you earn an hour. If it’s not high enough for your goals, then you can look at different ways to improve upon your system… and ultimately your earnings.

Writing when inspiration strikes, passively submitting a story here and there one at a time can be a little soul crushing because you are eagerly waiting for a payoff instead of concentrating on a schedule and already moving on to your next target/goal. A business strategy for writing forces you to take in a bigger picture, a career making attitude, and leave you little time to fall into depression from rejection letters and failed submissions.

Lynne Lumsden Green also states “As writing is my business, I try to keep to a schedule. I spend an hour or so every morning on mail, updating my files, and researching new markets. This part of my business strategy won’t be changing any time soon. I then spend an hour every day on social media. I recently had over 400,000 people come through my Steampunk Sunday page on Facebook; a ready-made audience for my writing! You might want to do writing courses or attend more conferences, or join a writing group, so don’t forget to include those in your plan.”

Again this shows by example how much a schedule, consistency, and trying new things are important you your long term success at being a writer. Simply posting to social media blindly does not ensure success, you need to add value, offer a solution to a problem, tap into a niche market. Research your demographic. Try different forms of social media. Reach out to other writers who are having success and mimic their methods for a trial period.

There are a lot of resources out there to tap into. Courses, platforms like SkillShare, YouTube videos, blogs with advice, writing groups, state and government bodies that are running local initiatives to support the publishing industry and writing community, even emailing an author with one or two questions to help you figure things out…

“Don’t forget to be brave. Take risks. Having a business strategy doesn’t mean it has to be boring.”

I hope this discussion helps to change your thinking and provide some inspiration to develop your writing career a little further. Go get ‘em!

© Casey Carlisle 2021. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Casey Carlisle with appropriate and specific direction to the original content.