Excerpt
Wide is More Than Just About Eggs and Baskets
It's inevitable that, whenever someone starts talking about the concept of publishing wide versus being exclusive to Amazon Kindle, there's talk of eggs and baskets.
The phrase "to put all your eggs in one basket" is often attributed to Don Quixote (1605) by Miguel de Cervantes. "Tis the part of a wise man to keep himself today for tomorrow, and not venture all his eggs in one basket."
In 1894 Mark Twain wrote, in Pudd'nhead Wilson, "Put all your eggs in one basket and WATCH THAT BASKET."
One of the challenging things, of course, in watching that basket, is that's all you can really do.
You can watch it.
But there's not much else to do.
Because someone else owns that basket.
But you own the eggs.
In other words, you own the content that's being placed in that basket, and other baskets. And the great thing about the content you own, particularly in this digital environment, is that you can place a single egg in multiple baskets.
I like to think of this concept as quantum eggs.
We'll get into that in the next chapter.
But in the meantime, let's go back to the original analogy and that sage advice Cervantes shared.
The caution, in his words, and this oft-repeated phrase, is regarding risking it all on a single venture.
And that's what it can feel like.
Sometimes, when advocating for wide publishing, people might toss out the following thoughts or worries:
•What if Amazon goes out of business? Remember Blockbuster? They used to be a dominant company. And even Jeff Bezos himself said that one day Amazon will be disrupted, will fail, and eventually will go bankrupt.
•What if Amazon changes their terms and cuts their royalty in half like they did with Audible? That cuts your sales revenue in half.
•What if Amazon decides to shut down your author account? They've done it with other authors. Nobody is safe from their fickle whims.
•What if Amazon withholds your KENP earnings because you're being accused of [reason of the day] or [whimsical term change you missed]?
You can argue about the legitimacy or likeliness of those things happening. That's neither here nor there. But the important thing to remember is that Amazon Kindle is a retail platform that is allowing you to publish your book content to their platform for free.
It's their platform.
They can do whatever they want to, regardless of how you and I feel about it. Regardless of what's in the best interest for authors or publishers.
It's theirs. They built it. They own it. They manage it.
You and I are mere pawns in the grand scheme of things. Our worries, our concerns, our anxieties, mean nothing.
This doesn't mean they are cold and evil. It just means they are a business. They have customers they sell things to. They set the terms on how those sales occur. They decide what to show what customer.
You and I are merely providers of content to sell to their customers.
When the content/customer connection is right, Amazon, and the publisher can both make a significant amount of money.
That can be a good thing. Heck, it can be a grand thing. And it is, for many authors.
But, like the Rush song "Tom Sawyer" states, the wise person knows that things can change, and those changes are definitely not permanent. The only thing that is permanent is change itself.
Things can change.
Things will change.
The question is, are you prepared to adapt to that change? Or, better yet, instead of adapting after the fact, are you willing to be proactive and in control? Are you going to invest time and effort into not having to rely on a single ecosystem that is completely out of your control?
If you are coming from a KDP Select/KU mindset, you might think this argument is all about and only about Amazon Kindle exclusivity.
It's not.
It's about any sort of exclusivity related to your Intellectual Property (IP).
I would argue, if you are coming from the world of traditional publishing, that you also consider opening your mind up to the options available within self or indie publishing.
Conversely, I'd argue that if you're coming from an indie or self-publishing experience, that you consider opening your mind up to the options that exist in traditional publishing.
Being open both ways is going to help you expand your basket options.
But be leery about exclusivity clauses in publishing contracts the same way you might be about exclusivity in direct publishing.
Because the publisher you are working with can decide, at any time, to not offer another contract. Or, if you read the terms of your contract closely, you'll likely find some clause that allows them an out. Sure, there might be a kill-fee involved, but that funding or income source is limited.
That's not to mention that they can go out of business or declare bankruptcy prior to your annual or semi-annual royalty payment coming in.
For me, WIDE is about carefully licensing, offering, and distributing your work to as many different platforms as possible, to maximize your ability to generate revenue from multiple sources.
The question isn't "Why wide?"
It's "Why wouldn't you be wide?"