For about 20 years, Ray Keating wrote a weekly column - a short time with the New York City Tribune, more than 11 years with Newsday, another seven years with Long Island Business News, plus another year-and-a-half with RealClearMarkets.com. As an economist, Keating also pens an assortment of analyses each week. With the Keating Files, he decided to expand his efforts with regular commentary touching on a broad range of issues, written by himself and an assortment of talented contributors and columnists. So, here goes...

Thursday, February 11, 2016

Throwback Thursday: So, You Want To Write a Book?

by Ray Keating

With the publication of The River: A Pastor Stephen Grant Novel in June 2014, I served up the following column for Long Island Business News on some points to ponder if you want to write and indie publish a book…

Summer on Long Island often includes heading to the beach or the backyard, and opening a good book – preferably a few good books.

But for many of us who write for a living – or write for the simple joy of putting pen to paper, or fingertips to keyboards – summer is not just a time for reading, but a season for creating and, yes, selling our own works.

In my other career as a novelist, for example, I just published my fourth Pastor Stephen Grant novel titled The River, am working on marketing and sales, and have started writing the next thriller.

So, have you ever thought about writing a book?

It’s arguably the most exciting time in history for writing and publishing a book given the dramatic technological changes that have hit the industry in recent years, including print-on-demand publishing, the dawn and rapid spread of ebooks, and the marketing and selling of books online. These changes have created upheaval in the publishing industry, particularly by shifting self-publishing – or indie publishing – into high gear.

Keep in mind that indie publishing is not new. Long Island’s own Walt Whitman could not find a publisher for his 1855 volume of poems titled Leaves of Grass. So, he designed and published the first edition himself.  No one could accuse Whitman of being shy in terms of promotion, including writing reviews of his own book. As noted on the Library of Congress website: “The 1855 publication of Leaves of Grass was heralded by anonymous reviews printed in New York papers, which were clearly written by Whitman himself. They accurately described the break-through nature of his ‘transcendent and new’ work. ‘An American bard at last!’ trumpeted one self-review.” Now that’s self-promotion taken to shameless heights (or depths?).

In recent years, assorted best-selling authors, like the late Vince Flynn, known for his Mitch Rapp thrillers, and E.L. James, with her erotic Fifty Shades Trilogy, originally took the indie publishing route. Of course, the publishing successes of a Flynn and a James are what dreams are made of for many indie authors, and I do mean “many.”

The number of indie titles has jumped markedly in recent years. ProQuest affiliate Bowker reported in October that “the number of self-published titles in 2012 jumped to more than 391,000, up 59 percent over 2011 and 422 percent over 2007.”

Of course, more titles mean more choices for consumers, that is, for readers. But an explosion in titles also means a heck of a lot more competition for authors to grab readers’ eyes. Keep in mind that in 2006 Publisher’s Weekly reported, “The average book in America sells about 500 copies.” That number, no doubt, has since declined.

So, indie publishing creates tremendous opportunities and challenges for authors. The process only starts with writing the book. Indie authors then must make decisions about the business side of selling their books.

Beat Barblan, Bowker’s director of identifier services, observed: “The most successful self-publishers don’t view themselves as writers only, but as business owners. They invest in their businesses, hiring experts to fill skill gaps and that’s building a thriving new service infrastructure in publishing.”

For good measure, successful authors will, or should, enjoy all aspects of the indie process. In a March 17 Huffington Post article, Mark Corker correctly noted: “Indie authors are enjoying total creative control, faster time to market, ownership over their publishing future, and the flexibility to innovate and evolve their immortal ebooks which will never go out of print. Indie authors enjoy the freedom to serve their fans as they want to serve them. Icing on the indie author's cake: Indie ebook authors earn royalty rates four to five times higher than they'd earn from traditional publishers.”

I’m optimistic that indie authors are the future of writing and selling books.

So, you want to write a book?  Then you must be an author and business owner who enthusiastically embraces both the creative and entrepreneurial aspects of book publishing.

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Mr. Keating is an economist and novelist who writes on a wide range of topics. His Pastor Stephen Grant novels have received considerable acclaim, including The River: A Pastor Stephen Grant Novel being a finalist for KFUO radio’s Book of the Year 2014, and Murderer’s Row: A Pastor Stephen Grant Novel winning for Book of the Year 2015.

The Pastor Stephen Grant Novels are available at Amazon…



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