Publishing Industry Trends for 2016

At the beginning of January, I blogged about some marketing and publishing predictions for 2016 that I thought you should be aware of. These were great predictions, but not all were directly related to publishing and promoting a book. Today, I am going to talk about some tactics book publishers plan to engage in this year.

Trends

Book Business, a magazine for book production and manufacturing, recently conducted its annual Trendspotting Survey that asks leaders in the book industry to share what technology they plan to invest in and which products and platforms they anticipate will drive revenue growth for their publishing organizations for the coming year. A few of the insights Book Business gleaned from this year’s survey include:

1. Digital printing will grow in 2016.
More publishers indicated that they plan to spend dollars on print-on-demand for this year than previously. Since many answering this survey were larger publishers, this means that these publishers are transitioning more from traditional printing to print-on-demand.

2. Interest in email marketing is growing.
Last year email marketing was near the bottom of publisher’s technology priorities. This year over one-fourth of publishers reported that they plan to invest in email marketing.

3. eBooks and print books are expected to drive the most revenue growth in 2016.
Even though audiobooks make up one of the fastest growing segments of the book industry, most publishers believe ebooks and print books will lead revenue growth this year.

4. Social media will play a significant role in book marketing in 2016.
Book Business asked survey respondents what marketing platforms they think offer the greatest opportunity to grow profits. Two-thirds of respondents reported that social media offered the most opportunity for the coming year.

What do these trends mean for you, the small publisher or independently published author? I think there are two important things to note from these trends.

First, publishers are planning to invest more in email marketing this coming year. While social media is growing as a way to connect with consumers, email still remains one of the strongest marketing tools. Expert marketers consistently rank email as the single most effective tactic for awareness, acquisition, conversion, and retention with customers. Some statistics say that the average return is $44.25 for every $1 spent on email marketing. If you are not using email as part of your book promotion strategy, I encourage you to begin to do so this year.

Second, social media is here to stay. It is growing in as a tool for people to not only stay connected with others, but also as a news source. Studies show that 72% of all Internet users are now active on social media. Taking your message to where your audience hangs out is an important strategy in promoting a book. As such, social media is increasingly becoming an integral part of marketing campaigns as more people are hanging out on that medium.

So, as you plan your book promotion strategies moving forward, I encourage you to invest in both email marketing as well as social media to get the word out about your book.

Related Posts:
Predictions for 2016 That You Should Know
How to Effectively Use Social Media for Your Book
Email Marketing is Still Important

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