Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Wednesday, 22 February 2012

Coaching Authors Choose CGW Publishing for Their First Book


Ronna Smithrim and Christopher Oliphant, authors of Accepting the Radical: You Can Not Be Fixed, have chosen CGW Publishing to get their first book into print.

“I was thrilled that a publisher was interested in my work and have not been disappointed”, says Oliphant, who had previously been considering self publishing as an alternative to every author’s worst nightmare; endless rejection from the traditional, risk averse publishing houses. However CGW’s Christopher Greenaway recognised the quality of writing in the book and the potential of the subject as fitting with the existing range of books and addressing an important niche in the market.

“There’s no doubt that the self-help book market is saturated, with everyone from Donald Trump, Jack Canfield and Paul Mckenna through a range of minor celebrities and business gurus, down to every street corner life coach publishing a book or ebook.”, says Amelia Hartley, CGW’s co-founder and Director. “The proliferation of ebook readers such as the Kindle, iPad or Kobo have also lowered the barriers to producing a book, and that has definitely impacted on the quality of what’s out there. So when we see a book that is genuinely well written, with clarity, passion and strong case studies, we know that it will stand head and shoulders above the rest of the books out there.”

CGW Publishing specialise in working with authors whose books are written to support their service businesses, by packaging their intellectual property, providing additional revenue and demonstrating credibility.

“We launched and ran a successful management consultancy for ten years, and the books that we published in that time played a huge part in our success”, says Christopher Greenaway, CGW Publishing’s Managing Director. “The publishing imprint that we launched back in 2002 has evolved over the last ten years to become CGW, and we’re now very proud of the authors we’ve attracted and pleased to apply our expertise in this area to helping them grow their businesses”

For the authors of Accepting the Radical, the primary push behind writing the book came from their clients. According to Smithrim, “Their push came from two questions. The first being, “This teaching is really powerful, why haven’t you written a book?” The second was, “Are there any books that teach acceptance?” The answer to the second question was a sad, “I know of only one other author and she who wrote from a Buddhist point of view.” Any other books that talk about acceptance apply conditions to acceptance or support it in one sentence and then contradict that support in the next sentence.”

Like many expert authors, Smithrim and Oliphant found it relatively easy to get their ideas down on paper, but less easy to organise those ideas into the structure required for a book. Oliphant says, “The writing was easy. I have taught the material often and the words just flew from my mind on to the page. The editing process was another matter. I worked with a wonderful editor who helped my structure my ideas and wouldn’t stop until the text made each concept clear to her. This process with my editor also gave me some insight into just how difficult these ideas are to understand: how they run contrary to much of the popular thinking of today.”

Oliphant summarises the publishing experience by saying, “CGW Publishing have been professional and thorough. They delivered a quality product quickly and efficiently, saving us months of work in text formatting, cover design and the many mysteries around getting a book ready for print. Christopher went above and beyond in the graphics work, proofing editing and both text and eBook formatting and we remain very grateful to everyone at CGW Publishing for all their hard work.

Accepting the Radical by Ronna Smithrim and Christopher Oliphant, published by CGW Publishing, is available now from all good book stores, ISBN 978-1-9082931-0-7.

Wednesday, 24 August 2011

An Author's Role in Book Marketing

We publish business non-fiction, mainly, and that is always a niche market. Very few business books sell in large numbers, because not all readers are 'business people' with a need to develop their careers, presentation skills, leadership skills etc.

Therefore, for most business authors, the way they actually make a living from their book is as a marketing asset for their business. People who run service businesses in particular have a difficult time demonstrating value, and a book is a good way to capture intellectual property. There are many ways that a book adds value to a service business.

So our criteria is more like, "Can this book add value to the author's business?"

We look at what the author's business is, what they're doing to market that, where a book would support them, how many they are likely to sell and so on. We turn away books that are badly written, and we do look at what else is in the market. We also look at the author's credibility in their field of expertise.

Our selection process is similar to that of a traditional publisher, but we look at the author's business as a whole, not just their book.

Size of network is not that relevant, actually. We did some research into social media and found that marketing 'experts' advocate the use of things like Twitter, but in reality their use of such tools is misleading at best:

http://cgwpublishing.blogspot.com/2010/12/cgw-publishing-and-absem-announce-fry.html

In terms of a personal network, real people you know, they are probably not the potential target market, so they're not that valuable either. Where they are useful is in building and communicating the author's credibility, but that involves a bit of engagement on their part, which they aren't always willing to give.

We have one author who spends a significant amount of time networking, but a lot of the people he knows just want something for nothing, and when push comes to shove, they shy away from doing anything tangible to help promote the book. However, the biggest jump in his book sales has come about when he delivers a lecture to a special interest group. One of the things that we help him with is publicising what he's doing, which he had never done before, and recognising the value in it. When he delivers a 'free' talk, the deal is that the organisation publicises it and his book and sends an email to all their members with a discount code. That's just one example, of course. The main benefit for him is that the book builds his credibility which gains him more work. We turned his book content into a lecture, and when he delivered it a media festival, he was invited to seven other festivals to deliver the same lecture.

The author is vital in marketing the book, because the book is a mechanism for getting the author's ideas to the reader. Therefore the reader isn't interested in the book itself, they're interested in connecting with the author's expertise, or creativity, or sense of humour or whatever the book is about, and the author's personal credibility is therefore key.

This is why the big publishers see ebooks as a threat, because once we free ourselves of the pleasure of holding a chunk of paper, what we really want is to connect with the author's mind, and the delivery mechanism will evolve to support the way that people live and work.

The size of a network does not necessarily denote credibility. I would say that our decision process involves something like this:

Is the author credible in their chosen subject?

Is their book well written? Is it accessible? Does it convey the right expertise to the right people?

Is the author committed to developing their business, and is there the right business environment for the book to make an impact on their business success?

Is the author looking for a partner relationship that allows us to add value, or do they see the publisher as the dogsbody who puts their work on the shelf?

Ultimately, the success of the book must be a partnership that engages the reader, the publisher, the author and the author's business.

Thursday, 4 August 2011

The Art of Pitching

New Business magazine have published Paul Boross' article about his observations on pitching within the TV series The Apprentice.

http://www.newbusiness.co.uk/the-art-pitching-paul-boross

The latest series of the Apprentice came to the end of its television journey here in the UK with the inevitable media focus on entrepreneurial business skills and, in particular, the art of pitching.

Almost every episode of the popular, business-based cross between a reality program and a game show features the contestants having to make a pitch.

They pitch for business, pitch for orders, pitch ideas and they pitch to keep their jobs in the boardroom showdown at the end of each week's task. What's interesting is that, every week, Lord Sugar says that he's not looking for a sales person, yet every week the task involves selling something; either low key, selling products to individuals, or high stakes pitching to the buyers of major retailers.

What does this mean? Is buying and selling all there is to running a business?

Fundamentally, what defines a business is profit. I don't mean that profit defines how good your business is, I mean that profit is what distinguishes a business from a public sector organisation, charity or foundation. Yes, these organisations need to raise capital to cover their operating expenses, but they are not driven or measured by the delivery of raw, financial value over and above that.

Fundamentally, every business has to buy raw materials, add value and then sell some kind of finished product. It might buy graduates, add training and then sell accountancy services. It might buy equipment, add support expertise and sell an IT service. Or it might buy electronic components, add design expertise and sell computers. All of these examples point to one principle; that business is indeed about buying and selling.

While Lord Sugar may have the contestants buying and selling waste materials, biscuits, fruit or illuminated teapots, what he is actually doing is stripping business down to its raw essentials.

Where does pitching fit into this? Every week, we hear one or more contestants saying, "I want the opportunity to do the pitch", or, "I delivered the pitch", or, even "I pitched it to him", referring to the point where a contestant asked a builder if she could have another copper hot water tank. The contestants vie for attention, trying to win the team leader's favour so that they can do the pitch. Is pitching really that important to the success of the task or business? Or is it just an opportunity to "shine"? And how closely does the fiction of a TV game show fit reality?

One thing that we never see in The Apprentice is Lord Sugar pitching. Is this another sign that a pitch is no more than a ‘beauty parade'?

Let's first look at what a pitch is. It is a sales cycle compressed into a very short space of time, perhaps as much as twenty minutes, or as little as three.

Whilst sales is an interactive process, with a good sales person listening much more than speaking, one of the difficulties in a pitch is the buyer's expectation that the sales person does all the talking, while they listen and make their minds up. If the sales person doesn't get it ‘right', no deal.

So a pitch isn't made ‘off the cuff', it's the culmination of a great deal of hard work, understanding the needs of the client or target market. One of the biggest problems that the contestants in The Apprentice face, week after week, is clearly identifying their target market. All too often, they start with an idea, or a name, instead of a target customer.

Advertising is an even more condensed form of pitching. In an advert, you're broadcasting, "This is the product, are you the right person to buy it?" It's a product led pitch, and it relies on getting in front of as many people as possible, preferably within the target market.

And so we end up with two types of pitch; client led and product led. And Lord Sugar's bias is very towards the client led pitch. Every time he talks about his own business career, he talks about customers; major retailers and consumers. Yes, he sees himself as operating in a particular market, but what he really seems to focus on is what the buyer needs. Yes, he had to pitch products, but he didn't pitch blindly. I would bet that every pitch he delivered was calculated and targeted to meet that buyer's needs.

Does Lord Sugar still pitch? In a way, yes. At the start of each week's task, he pitches to the contestants. You might think that they can't really say, "no thanks", but he is still aiming to get their buy in, to clearly communicate what he is looking for. Every week, he is very specific and gives a big clue about the success of the task. And every week, the contestants overlook that clue and get wrapped up in their own excitement, politics and desire to be in the limelight.

What clues are you missing from your clients because you're too focused on what you want to say? What needs are you failing to meet because you're too wrapped up in your own? Pitching is just a small part of the sales cycle, or it encapsulates the whole process, depending on how you look at it.

How important is the skill, really?

That all depends on how much you want to win.

Monday, 27 June 2011

How to Get Published

Well, maybe not. How to get a publisher to take you seriously, at least.

Here's another submission email from an author (Just the first paragraph, the full email is very long):

Please forgive me if I am not following your existing submission rules, but by some reason I could not find them. Maybe by my indolence, mostly. I hope that even I did not follow them and you are likely overloaded by similar freaks like me you will find time to review my proposition.

Spot the problem?

The writer (a poet) has used words like 'forgive', 'indolence', 'freaks' etc. These are not good words to use. Let me explain why.

When you ask someone to like your poetry or come to your poetry reading, you might call yourself a freak and it might be funny for some people.

When you ask a publisher to invest in you, you are asking them to make a business decision. It is not easy to work with someone who puts themselves down, and it does not give a publisher faith or confidence in you if you do not show confidence in yourself.

Don't apologise. Submission guidelines are here for the publisher's benefit. It saves us having to ask the same questions every time someone sends a 'best selling' manuscript. But what we need is a solid reason to make a business investment. Whether we like something, personally, does not make a big difference. What is important is that we feel something will sell. Publishers are experts at getting a product to market, and that product is not your poetry, it is YOU.

So my advice is, before you contact publishers, think about your email or letter and show that you have confidence in yourself. Not arrogance, it does not help when an author offers us a book and says it is a guaranteed best seller because it's fantastic.

What is very important to remember is that the question of how good the book is really makes no difference to how well it will sell. You might think your book, or poems, are wonderful. Your friends might. Even we might like them. But the issues you must address are:

How well do people really know you? (Your name must sell the book)

What are you doing to promote yourself and your work?

Do you take your work seriously? (The writer's words suggest that he would like to but does not)



Remember, when you contact a publisher, you are not asking them to like your book. I can like your book without wanting to invest in you as an author.


The bottom line with any investor is that we want to know, "Will this investment show a return?"


And the answer doesn't lie within your books pages, it is within you.

Monday, 13 June 2011

What Do You Get When You Cross Twitter With an iPad?

A fantastic new step forward in the integration of mobile computing platforms and social networks?

Or a dark day for your privacy?

Apple and Twitter have said that they are collaborating to incorporate Twitter into iOs, the operating system for iPads, iPhones, iPods etc.

What does this mean? You can use Twitter on your iPad now? What's the big deal?

Do you have a desktop or laptop computer? Perhaps a Mac? Or Linux? Or if you're unlucky, Windows?

Your computer has a bunch of programs on it, and most of them share some common functions. They can print. They can access the Internet. There's no point in each software vendor figuring out how to make a program print; it's one of the things that your operating system or OS does for them. So the program designer sends a file to the printer library, and a short while later, you're another step closer to having to buy more ink that costs more than the printer did in the first place.

Integrating Twitter into the OS doesn't just mean that there will be a special program or 'app' for reading and writing Twitter feeds. That's already there.

No, integrating Twitter into the OS means that it is there for all apps to use, whether you know about it or not.

Imagine, you get a new high score on Angry Birds, and the app tells you that your best friend just beat you.

How? The app 'Tweeted' your high score, and their app Tweeted back. But the Tweet wasn't a private conversation between the two of you, it was available for anyone to see.

Do you really want your iPad doing even more behind your back? Apple's view of user privacy is already, "You bought an iPad, therefore all your data now belongs to us. We call it an 'enhanced user experience'. You call it an invasion of your privacy. If you don't like it, don't buy an iPad."

Do you want your iPad telling the world where you are? Or what website you just visited? Do you want it sending emails on your behalf based on a special offer from a store you just visited? Do you want Google maps to show you, in real time, where all your friends are right now?

After all, you might find out something you wish you hadn't. Like one of them is round your house, right now. And they're not playing Angry Birds.

Monday, 6 June 2011

Unbound: A Threat to Publishers?

According to The Bookseller, the new self publishing service, Unbound, is the beginning of the end of traditional publishing, or at least a business model that will accelerate the demise of the printed book. Or the ebook. Or neither.

The Bookseller says, "Unbound, a publishing platform that allows readers to choose what is published, was devised as a response to the “difficulties of the existing publishing model”, with the programme aiming to get 35 to 40 projects off the ground in its first year."

Here's the idea; instead of self-publishing, you pitch your book idea to a social network of readers. If they like the idea, they invest in it to cover the publishing costs. In return, they get anything from a 'goodie bag' to lunch with the author.

If an investor puts in more than £1,000, they might get a royalty share of book sales too.

Whhooooaa! £1,000? How much are they saying it costs to publish a book?

Oh, of course, I forgot. We're talking about a traditional publishing house trying to muscle in on the ebook and self-publishing market.

"Supported by Faber, the platform was created by “QI” writers John Mitchinson and John Pollard, and Crap Towns author Dan Kieran. Authors are required to pitch their idea to readers on the site, and have 50 days to attract support through readers pledging money to fund the publication of the work. If enough money is pledged, the work will be published, primarily as an e-book or “beautifully bound, limited edition hardback”, or both, with each pledger’s name inscribed in the back of the print edition."

In the old days, there were publishers and there were vanity publishers. A publisher buys the licence to print your book and in return pays you a pittance of a royalty. They use your book to market their business, and if they really go to town on marketing, you make some money. But not nearly as much as the publisher, and quite rightly so, because they've done all the hard work in marketing and getting your book onto the shelves. Which they control.

Vanity publishers just charged you to print your book for you.

So, an aspiring author had two choices; take their manuscript around all the publishing houses, facing rejection, or pay to see their book in print.

In today's world of ebooks and print on demand, anyone can get their work into circulation for a very small amount of money, but, is it any good? And will it sell?

Today's author is faced with the choice of taking their manuscript to the traditional publishing houses, as before, self-publishing and now, getting the readers to buy the book in a limited print run before it's even written.

"As The Bookseller went to press, of the five ideas currently on the [Unbound] site, author Terry Jones’ idea for “a darkly funny set of linked tales” had received 2% of its required funding, while Gavin Pretor-Pinney’s idea, an iPad version of his book The Cloudspotter’s Guide, was still on 0%."

We presume they're both well known authors, so these figures either show that the Unbound concept is in its infancy, or it's a silly idea.

As a business model, it is very similar to the 'micro loans' concept that hit the headlines a few years ago. The idea was that I go to a website and post a request for some money, then some other people offer to lend me various amounts which together give me what I need. I then pay them back, through the website. Each micro investor makes a return, I get a loan, the website makes a profit off the top.

Unbound is not a new concept in publishing, it is a simple and blatant attempt by an existing publishing house to shuffle the risk around - so that it lands anywhere but at their door.

Wednesday, 25 May 2011

Write For You is coming to Hartlepool

A lot of people we meet say, "Oh I've always wanted to write..."

So true to our belief that, if you have a book in you, we can help you to get it out, we are launching a brand new writing course in Hartlepool... with a difference.

The course will be for anyone who wants to write:

+ Fiction, such as short stories or a novel

+ Non-Fiction, such as business books, local history, biography or hobbies

+ Poetry and prose

And at the end of the course, we will be publishing a collection of all of the suitable work that the participants have produced.

On top of that, if you choose to work on a business book, or a full novel, you can publish it through us at 10% off the usual costs.

Why are we doing this?

Local colleges often run 'creative writing courses', but what we have found that most people want isn't just to be able to write, it's to see their work in print.

When you attend this course, even if you only produce one poem or a very short story that you're proud of, you'll see it in print in the collection for that course. You'll be able to buy copies at trade rates for your friends and family, you'll see it on Amazon and other retailers, and you can even get it into local book shops and libraries.

Because of the location and evening schedule of this course, we're aiming it at people who live in these areas:

Hartlepool
Darlington
Seaham
Stockton On Tees
Middlesbrough
Redcar
Billingham
Cleveland
Teeside
County Durham

Although anyone is welcome from any area.

Currently planned to run for 12 weekly evening sessions, the course will include the following:
  • Planning what to write
  • Becoming an author
  • Structuring your work
  • Overcoming writer's block
  • The critical process
  • Editing and proof reading
  • Understanding copyright and publishing
  • Marketing your work

Each week, we'll review and critique what participants have written, so we'll waste no time during the course itself, and our approach is suited to all types of writing, whether you want to write poetry, your grandmother's life story, a business or self-help book or a book about local history or your hobby.

At the end of the course, we will take all of the participants' chosen contributions and publish them as a collection, and we'll even organise a launch event and author reading to publicise your work to friends, family, colleagues, clients and the media.

We're in the process of organising this now, so if you are interested, register with us so that we can keep you posted. We're also looking for the right venue, so if you have any suggestions, let us know.

Either leave a comment here or visit www.cgwpublishing.com and use the contact form there.

Saturday, 14 May 2011

Pitching for Business in UK plc


The Apprentice is back on television in the UK, and with it comes the inevitable media focus on entrepreneurial business skills and, in particular, the art of pitching.

Almost every episode of the popular, business based cross between a reality program and a game show features the contestants having to make a pitch.

They pitch for business, pitch for orders, pitch ideas and they pitch to keep their jobs in the boardroom showdown at the end of each week's task.

What does this say about the bigger world of business in UK plc?

For a start, pitching is something that everyone in a business needs to do at some point – even if it's only in their interview and annual performance appraisal. Most staff have to pitch ideas, pitch for resources and pitch themselves for promotions.

And one thing that I can say, having seen thousands of pitches first hand, is that UK plc's HR department needs to invest in developing our collective pitching skills if we are to compete on a world stage.

Does this mean that staff in other countries outshine us? No, definitely not. I believe that our front line business men and women are easily amongst the most professional and capable in the world. But to compete, you have to be more than good enough. You have to be better. Much better.

One of our authors, Paul Boross, works with people to refine their pitch. As 'The Pitch Doctor', he helps them to focus on their key message, connect with the audience and get their message across. So what are the most important tips that The Pitch Doctor can offer you, and the contestants in The Apprentice, to make sure you make the most of every opportunity to pitch?

Here are Paul's Seven Secrets to a Successful Pitch, taken from his book 'The Pitching Bible', available from all good book shops and published by CGW Publishing at £14.99, ISBN 9780956535825.

Secret 1: It’s All About Them

Apparently, a fear of public speaking is one of the most common problems in the world of business. According to one survey, people fear it more than death.

There are many, many techniques that you can learn to overcome any fear of presenting, but you don’t need any of them. You just need to master the first secret.

Think about the worst presentation you have ever seen. Did you find that the presenter just read from the slides, didn’t interact with the audience and droned on even though no-one was listening? Did the presenter appear ’self conscious’?

All of these problems arise from the same source: the first and most fundamental mistake that people make when pitching is that they focus on themselves instead of on the audience.

Secret 2: By The Time You Start, It’s Already Too Late

When does a pitch start? Most people say the pitch starts when you show the first slide, when you stand up to speak, or even when the audience walks into the room.

They are wrong. The pitch starts the moment the audience buys the ticket or the moment your audience first commit to listening to your pitch. It is then their expectations start to form, and that is the point from which you must be able to influence them.

Secret 3: Steady, Ready, Pitch!

The audience has to be ready to listen before you start speaking. Get their attention and build rapport with them. Avoid ice breakers, because they actually distract from the topic of your pitch and break this rapport. Pausing before you begin is a sign of control, so take all the time you need.

Secret 4: Dream The Dream

Your pitch, your idea, was created in a dream world. In order for that dream to become a reality, you need to draw the audience into that dream.

Drawing the audience into your dream with rich, vivid, emotional, sensory language allows you to convey far more than you ever could describe in facts, figures and ‘benefits’. Bring your pitch to life and let your words carry the sights, sounds, feelings, tastes and smells of success.

Secret 5: Mind Your Language

While 93% of your message may be conveyed non-verbally, there is no doubt your language conveys the raw information your audience needs to make a decision.

For example, traditional sales training advocated selling ‘benefits’ rather than ‘features’. A nice idea in principle, but let down by poor execution. The traditional ‘feature means benefit’ model of presenting something is actually the wrong way round. By the time you’re half way through describing the feature, the audience is already thinking about the benefit. Otherwise they have no interest in it whatsoever. When you finally get round to the benefit, it will be different to what they had in mind. Even the most subtle difference will break rapport with your audience. Do that enough times and you’ve lost the connection altogether.

Try ‘benefit because of feature’ instead, and you’ll win more pitches.

Secret 6: Say It Again, Sam

No doubt you have heard the old presenter’s adage “Tell them what you’re going to tell them, tell them, then tell them again”. Get your message across in as many different ways as you can, and realise all of the different communication channels you’re not using: the way you dress; the way you walk into the room; what you say in the invitation email. All of these communicate your intention, and when they are aligned, you multiply the power of your message.

Secret 7: The End… Or Is It?

Every rock star understands the importance of an encore. It’s the thing most concert-goers rave about. Some performers make the audience wait for up to an hour before being reluctantly coaxed back onto the stage for one more song…or two…or 10.

I wouldn’t expect your audience to be shouting “More!” at the end of your pitch, but they should certainly be feeling it. So, what’s the encore to your pitch? Do you send a DVD with the video highlights? A copy of your presentation for them to refer to later? A thank-you email or call? As an absolute minimum, you must send a follow up message.

Sunday, 10 April 2011

Green Tees Business Network - Bronze Award

We've won a Bronze award from the Green Tees Business Network.


To win this award, we had to demonstrate our commitment to environmentally friendly activities such as recycling, reducing waste and reducing our carbon footprint.

We're aiming for a Silver award next...

Friday, 1 April 2011

Let's be partners!

Most people offering a valuable service are, from time to time, offered wonderful partnerships that benefit everyone. A win-win, as they say.

For example, a prospective author comes along with a book proposal and says that it will make us rich beyond our wildest dreams because it's a guaranteed bestseller - as in our previous blog post.

They offer a partnership - they provide the book, we provide the publishing. A win-win.

Even better than that, if we do all the work for them, they'll share the profits with us. As we say in England, "You can't fall off!"

Consider this analogy. You approach a big media agency such as AdMedia and say, "I've got this fantastic product. A guaranteed winner. It will make millions. Everyone will buy one. I'll tell you what, we'll work together. You run the adverts and I'll share the profits with you. You can't lose".

In this situation, you'd think that you're portraying supreme confidence in your product because you're certain it will sell in big numbers.

Actually, what you're communicating is zero confidence.

So, AdMedia say, "OK great, we'll take 20% of your turnover on the product and any products you then sell as a result of the first product".

The advert is such a success that your turnover is £1,000,000. AdMedia get £200,000. You kick yourself that if you'd paid for the adverts, you'd have given AdMedia a fraction of that amount. On top of that, when you take out your costs, you discover that they made more out of it than you did.

But all of this is conjecture. You're probably wondering why offering a partnership is a sign of zero confidence in your product. It's because if you really believed in it, you wouldn't give it away.

No serious business would ever consider such a one sided joint venture.

Thursday, 31 March 2011

Business Bestsellers - An Unachievable Dream?

I just came across a BBC feature article that looked interesting:

http://www.bbc.co.uk/news/business-10928808

The writer, James Melik, looks at the growing number of business books that comprise nothing more than hyped up twaddle and the idea that setting outrageous goals is the key to success.

As a publisher, we don't only see the books that actually make it into print, mainly because of the author's existing fame, we also see the manuscript submissions that promise to make us millionaires with the latest best-seller.

Here are one author's words on the subject; "The best selling copies have achieved even more than 50million copies.. Please check your sources carefully. I dream big and act big so I prefer to work with like minded people, not people that even doubt the sale of a few million copies."

If you are an aspiring author with similarly ambitious goals then please consider that thinking big within some realistic boundaries can help you to focus your efforts and achieve your dreams faster. The goal here is not to do something unthinkable that has never been done before, such as putting man on the moon or climbing Everest, it is to achieve something within the boundaries of what exists today - the worldwide book and ebook market. Books have been sold before, the market is clearly defined and others have covered your subject before you. Even the 'digital revolution' makes only a tiny shift in the industry, lowering barriers to entry and flooding the low end of the market with poor quality self published titles. Of course, in that flood is an occasional nugget of gold too.

The best selling business book of all time has sold around 26 Million copies (http://www.whomovedmycheese.com/SpencerJohnson.html) since 1998 - that's 2 Million copies per year.

Dale Carnegie's 'How to Win Friends and Influence People' has sold just over 15 Million copies since 1936 - 200,000 copies per year.

What Colour is Your Parachute? has sold 10 Million copies since 1970 - 245,000 copies per year.

http://en.wikipedia.org/wiki/List_of_best-selling_books

If Richard Branson, Donald Trump or Bill Gates wrote a book on business (which they all have) then readers will say, "Ah! There's someone who obviously knows a lot about business!"

What sells a book is not the quality of the book itself; as with any product, sales are down to how well known the author already is (past reputation) and how much money is spent on marketing the book to get it in front of potential readers (future reputation).

The quality of the book is not what makes someone BUY it, the quality simply makes someone READ it. How many books on your bookshelf are still unread? How many life changing products are in your kitchen drawer unused? How many clothes are in your wardrobe with the tags still on? What makes us buy something is very different to what makes us use it - and recommend it to our friends.

If Richard Branson wrote a book on raising chickens, he would sell some books based on his past reputation because people would be curious, but he would need to invest heavily in his future reputation to prove to people that he had experience in this area and should be regarded as a credible source.

What is it that tells your potential readers that you are a credible source of business information when they could buy Donald Trump's book, or the books of a dozen other self made Millionaires and Billionaires?

Personally, we would not recommend that anyone takes the advice of someone with that big a comb-over. Obviously, he's so rich that people are afraid to tell him how it looks.

To get the kind of marketing exposure and therefore investment that will overcome the problem that not many people have heard about you requires a major publishing house to see a return on that investment. By not seeing your book as an investment that you are selling, but rather a fantastic idea that you are excited and optimistic about, I suggest that you won't get very far with the major publishing houses.

The best advice that I can give you is to watch a TV program on the internet, if your connection speed permits. It is BBC TV's Dragon's Den, and if you look at the reasons that the 'Dragons' invest their money, you will understand how to pitch your book.

A publisher doesn't really care how wonderful your idea is. A publisher is an investor, and any good investor is interested in returns, not potential.

Of course we'd love our books to sell in the millions, who wouldn't? You just need to remember that high sales come at a price...

Monday, 14 February 2011

CGW Publishing Provides The Answers To Author's Questions About Today's Publishing Industry

More and more people are turning to publishing to capture knowledge and expertise, using a book to build business credibility. But how can authors get their books to market without being ripped off by publishers who charge outrageous set up fees?

In the past ten years, the publishing industry has changed beyond recognition.

Book production used to be something that only the major publishing houses could afford. They took the commercial risk of printing tens of thousands of copies of a book and in return, they paid the author the most meagre of royalties. However, their marketing strength and control of the market meant that well promoted fiction books sell in the tens or hundreds of thousands and the author makes enough money for it all to be worthwhile.

However, this made the big publishers extremely risk averse. If you had a number one record, a sports career or a TV series, you were guaranteed a publishing deal while authors who weren't already in the public eye would spend years of rejection from one publisher after another.

“Sorry, it's not really what we're looking for at the moment”, meant, “Sorry, you're not famous enough and we'd have to actually work to promote your book”.

Some publishing houses, known as 'vanity publishers' would always take a book, and charge the author the full costs of setting up an expensive offset print run. If your goal was to see your book on your coffee table, this used to be the only option.

Today, Print On Demand has turned the industry upside down. Authors can publish their own books through 'self publishing' channels, or they can turn to a growing number of small publishers who offer them editing, cover design, ISBN registration and marketing services.

Some automated services offer the author no assistance at all, and so the author has to learn all about file formatting, cover design and print setup. The setup costs are reasonable, but the time and effort it takes to get your book to a high standard of production is beyond some author's capabilities or desires.

A number of publishers have entered the market to solve this problem. They will take an author's manuscript, format it, give the author a number of stock cover designs to choose from, set up an ISBN record and guide the author through the entire process.

So what's the catch?

The catch is that they charge up to $8,000 for this service.

At one British rip off publisher, the minimum, do everything yourself package costs £795. You get a stock cover design and up to ten images inside the book. But what if the author needs help in other areas? A cover design of their own? £99. A marketing kit? £219. A fast turnaround of only 2 to 3 months? £399. Press release? £559. Social media profile? £699.

An American publisher charges a simple upfront fee for the author, apparently giving you $20,000 worth of services for only $4,000. And it must be worth every cent because their logo is a coat of arms.

The cost of setting up a Print On Demand book with a printer is about £100. An ISBN number? £10. Cover design and editing? Is that really worth such extortionate fees?

How can they do this? Simply by letting their authors believe that this is the only option. In the past, these would be the 'vanity publishers'. They will take any book and pass on all the commercial risk – plus a very healthy profit – to the author. But without the heavyweight marketing of the major publishers, who own the shelf space in the High Street book stores, your book is unlikely to sell in high volumes, even if you have paid £120 for the publisher to list your book on their website.

Therefore you are very unlikely to recoup the cost of book production through book sales alone.

So what can an author do?

The way to profit from a book is to use it to capture intellectual property. You can sell this as a unit in itself, or you can use it to promote and build credibility in a service business.

Let's say that you have been a corporate manager for many years, and you want to start a service business coaching managers. By writing a book on the subject, you demonstrate far more authority and credibility than all of your brochures and testimonials put together. It's something that you can use to open doors to conferences, corporate opportunities and of course exposure in the business press.

At CGW Publishing, we are honest with our authors, transparent in our pricing and our focus is on helping authors build service businesses. We built a successful management consultancy and established an enviable reputation in a niche training area by writing and publishing five books, and we now help other authors to achieve the same results.

CGW Publishing have published a book which guides authors through the publishing process. Priced at just £7, Write For You, ISBN 978-0-9565358-3-2, is available from all good book stores.

Thursday, 10 February 2011

CGW Publishing joins the Green Business Network


We've joined the Tees Valley Green Business Network, and while we might not be saving the planet by cutting down on radioactive waste or toxic gases like some of the other members, we're definitely standing our ground by cutting down on paperwork and recycling where we can.

We can't get away from the fact that books use paper, but at least our author statements, payments, invoices and letters are all delivered electronically and by making ebooks of all of our titles available, we give readers the option of saving a branch or two... although we suspect that the environmental impact of an iPad or Kindle is quite a bit higher than the production of paper and ink.

Friday, 3 December 2010

Announcing 'The Fry' as the unit of Internet marketing value

(Read more on the Fry, Twitter and internet marketing here)

As social networking becomes the latest battleground of the Internet marketers, the value of individuals will be measured and quantified from the amount of news and relevant information that they contribute to the world.

To counter the hype coming out of the Internet marketing guru's camp, we've developed a simple way for anyone to understand the truth about Internet marketing through social media and ensure trust and credibility are given to the right people.

In the summer of 2010, we were working on a new book for hopeful business authors called Write For You. In writing the chapter on marketing, we began to research the 'Internet marketing gurus' who advocate using sites like Twitter, Facebook and LinkedIn as marketing tools, and what they found was startling. It turned out that the Internet experts had next to no value, while individuals who were traditionally newsworthy were very valuable.

Let's continue with the press release...

“This all started when we received a newsletter email from someone we know, a sales manager turned small business consultant and social media marketing expert', says Greenaway. “We knew that the image he portrayed bore no resemblance to the reality of his business, and so we started to look into what he was really up to”

Hartley adds, “We began to research Twitter, since this was the tool that the marketing experts seemed to be pushing most”. What she quickly found was that the Internet marketers were using a very simple and a very old trick to make it appear as if they were popular, when in fact they were extremely unpopular. In many cases, their real popularity was so low that they have a negative effect on the amount of information in the world.

“We live in the information age. We have twenty four hour a day news, advertisements pushed to our mobiles, advertising on just about every Internet page and TV program and possible more blogs, Facebook profiles and Twitter feeds than there are human beings on the planet. Socially, we have developed a thirst for knowledge, and therefore the marketers of the world have evolved to meet that need”, say Greenaway and Hartley as they expand on their idea. “In the information age, we value people for how much information they add. This isn't a new idea – we've always valued people who had news from the front line or gossip from the manager's office. Technology simply adds a new level of immediacy to the problem.”

Greenaway and Hartley continued to piece together the different pieces of this puzzle, and in July 2010, they developed a simple system that anyone can use to determine the true value of someone who purports to be an Internet marketing 'expert'

(See the chart at the bottom of this post for more Fry ratings)

In their book, Write For You, they tell the story of what happened next.

“The most popular British writer on Twitter, Stephen Fry, who on July 16th 2010 was following 53,497 people and was followed by 1,616,454 people. This meant that Stephen Fry generates 30 times more interesting thoughts than he consumes, so we decided to use Stephen Fry as a measure of newsworthiness and give him a value of 1 Fry.

In comparison, Jerry Springer, the American TV host, is worth 50 Frys. He contributes 50 times the amount of news as does Stephen Fry.

Oprah Winfrey, the American TV talk show host, is worth 6,625 Frys, or 6.6 KiloFrys.

Clearly, people who are traditionally popular carry more authority, because people want to hear what they have to say.

Paul O’Grady, the British comedian turned TV presenter and author, changes the picture quite significantly. He has only 13,340 followers, but he isn’t following anyone, so his value is infinite. But for the purposes of calculating a number, we must assume that he is somewhat interested in at least someone, so we added an arbitrary variable to our formula which gives him a value of 441 KiloFrys or 0.44 MegaFrys.

The singer David Bowie, by our formula, has a value of 1.54 MegaFrys. He contributes 1.54 Million times the news value of Stephen Fry.

At the other end of the scale, an Internet marketing guru in America, who has lectured at Harvard Business School on the value of Twitter to businesses, scores just 0.03 Frys or 30 MilliFrys.

She is followed by 59,427 people but is following 59,080 people, a difference of just 447. While Internet marketing ‘experts’ focus on the 59,427, what we need to look at is the 447, because this indicates the value that the person adds.

The Internet marketers try to convince us that having 59,427 people following you is good for publicity, but the fact that she needs to follow 59,080 people in order to attract her followers is very bad indeed.

The way that Twitter gurus advocate building a following is to say to each other, “Hey, if I follow you, will you follow me? It will be good for both of us!” No, it won’t.

If you're lost in a remote jungle, you won't survive any longer by saying, “Hey, if I eat your leg, you can eat mine!”

A British sales manager turned small business consultant and social media expert has 1,216 followers who enjoy reading about the fact that it’s sunny today. He is following 1,235 people, so he produces less news than he consumes. His news value is less than zero Frys at -0.02 Frys, or -20 MilliFrys. What’s worrying is that he advises businesses on the importance of social media marketing.

The smaller the number of Frys, the less interesting the person is. A negative number means that on top of being grossly uninteresting, the person actually detracts from the amount of news in the world.

An American Internet marketing guru who says that he “helps businesses to elevate their status in the online world to maximise their marketing exposure” as he “travels the world imparting his wisdom” is worth -0.05 Frys, or -50 MilliFrys.

His unnewsworthiness is surpassed only by the British singer and TV presenter, Cilla Black. She measures in at -1.76 Frys.

In fact, none of the Internet marketing gurus who we found advocating Twitter as the latest business marketing tool scored any higher than 9 MilliFrys, which is disappointing when you notice that Dick Van Dyke of “Cor blimey Mary Poppins!” fame scores just over 3 Frys.

A dancing chimney sweep is a factor of a thousand more important than the most successful Internet marketer.
This is especially disappointing if you have paid Internet marketing experts people a lot of money to build a social media marketing campaign for you. You would literally be better off spending your money with a man who dances with penguins.”

A simple calculation of the difference between creation and consumption, between import and export, immediately reveals who is actually creating value. And in any business, creating value is the way to make a living.

The key is to use these tools to create a genuine following. Don’t simply follow other people, concentrate on saying something of real value. If you're not already interesting, and let's face it, most people aren't, then having lots of people following you doesn't make you interesting. Remember, in the world of social media, they're not following you; they're stalking you.

CGW Publishing is a British independent publisher of business books, working with expert authors to create a service business around their intellectual property.

(Read more on the Fry, Twitter and internet marketing here)

Fry ratings chart: click on the the chart to see a full sized version

Tuesday, 23 November 2010

Service Sales

We have been developing service businesses for over ten years, and one of the biggest challenges we face is in overcoming all of the sales literature out there that treats service sales the same as product sales. Time and time again, we see our clients using product sales language on their websites and in their brochures.

For a service business, the single most important thing to achieve is to establish credibility.

Service sales is fundamentally different to product sales. You are not selling a tangible thing, and so the customer is not buying a thing. They are buying a result, and since they can't touch and see that result yet, you are essentially selling a promise.

And why would a potential client trust your promise?

Therefore the most vital thing is to establish credibility.

At CGW Publishing, we help service business owners to capture their expertise and credibility in a book, and there are some other ways of doing this that are important too, especially in creating a brand around your book.

Case studies are valuable, and by writing the case study around a clear purpose, you can position yourself clearly as a business partner rather than a provider of technical components or commodity services.

For example, here's a quote from a case study which sums this all up perfectly:

“We want freedom to move on and do different things, to grow our business and explore other ventures and ABSEM have given us that freedom”

Compare that with, "The widgets that XYZ supplied us with were very good and their price was the best in town".

If you want to sell on price, the latter is fine. The problem with selling on price, though, is that you are easy prey for your bigger competitors who can exert price pressure and not feel the pain as much as you will.

Many service owner businesses offer a free consultation, but if you do this, it marks you out as a small player. A free consultation is not a try before you buy, because you can't take your time and expertise back. Free consultations are a lazy way to sell, and you won't sell any more because of them. In fact, you'll just end up giving away a lot of your valuable time for free. Preventing our clients from giving away their time is one of the toughest things to do, because time=expertise=value.

Bakers don't give away free cakes - they give away tiny samples. This serves three fundamental purposes:
  • If you like the sample, you'll buy the cake and share it with your friends
  • If you don't like the sample, you won't buy the cake which saves the bakery from the negative impact of you telling your friends you didn't like it
  • It allows the bakery to get rid of yesterday's cakes

Service business owners consistently undervalue their expertise, and in doing so have no idea what to give a client that is analogous to a 'free sample'. The most important thing to bear in mind is that free samples are NEVER free. They are merely a way to reduce the risk of a decision.

How you describe your business is vital too, and the mistake that many people make is to describe what they do instead of what they achieve.

If you introduce your business by saying 'we do XYZ' then what you attract is people who just want to buy the components of XYZ, as cheaply as possible. If you start with a business proposition, you are more likely to attract people who are looking to invest in a partnership.

For example, in choosing to work with CGW, you chose to invest in a partnership. We're not the cheapest supplier of copy writing or editing services, compared to self employed providers from India and part time working mothers from America, which you will find in abundance on marketplaces such as Elance.

Marketplaces such as Elance, Freelancer and PeoplePerHour are overrun with job requests for SEO article writing at $1 per article. We're not in that market and so we don't say anything that suggests we are. There's nothing at all wrong with that market, it's just not for us. The bottom end of the market will always be under attack. Because clients are buying on price, they will always look to drive the price down, and there will always be suppliers willing to write articles at 99¢, then 90¢, then 75¢ and so on.

If you lead with what you 'do' then you are caught in the same problem; there will always be someone else willing to do what you do for less. But no-one can easily replace a relationship that you develop with a client at a business level.

Some service business owners try to demonstrate credibility by showing that they have a methodical process, but it doesn't work. A method is implicit in the nature of your business. If you go to a cake shop, you are already assuming that they know how to bake cakes. Bakeries don't tell you how they make their cakes, unless they have some special ingredient like locally produced organic flour. But even then they don't tell you how long they are baked for, how hot etc. They deliver an end product and the process to create that is implied.

Companies only list an ingredient or a process if it is a unique differentiator, e.g. beer being triple filtered or meat being 21 day aged.

If you are an Internet search marketing agency, your knowledge of search engine marketing is implicit. If you are a presentation skills expert, your knowledge of pitching is implicit. If you area hotel, the fact that you have bedrooms is implicit.

On your website, you need to distinguish between what the visitor already knows by the time they land on your home page and what they need to know in order to make a buying decision, which they have largely done by the time they contact you.