Question

what is the explanation of fiction market weakness

what is the explanation of fiction market weakness

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Answer #1

Explanation about the fiction market weakness :

  • Let me start by saying, I DO write fiction. I have one finished manuscript sitting in a drawer collecting dust, and another half-finished novel sitting on my hard drive collecting digital dust.
  • The reason these novels are so damn dusty is because I wrote them without ANY IDEA OF WHO I WAS WRITING THEM FOR.
  • Again, even though many of us self-publish, the secret of how to succeed and reach bestseller status is hidden in the age-old acquisition processes that legacy publishers have used to discover marketable authors.
  • Market research is essential. (Market research is decidedly what I did NOT do for my first and second novels. If only I had known.) Writers of practical nonfiction, if they are pursuing a publishing contract, are at an advantage here because they are required to write a book proposal.
  • For the novelist, the process is to pitch your finished book to agents. Fiction writers can totally skip the planning and strategy that goes into creating a proposal, but they SHOULD NOT do that.
  • Why book proposal writers have such an advantage is that, through the process, they gain an understanding of who their competition is, who their audience is, and what problems they are solving for their target market BEFORE they even write their book.

Solve a Problem

  • Sure, if you’re writing a book about weight loss, your target market has an obvious problem to solve they are fat!
  • As a novelist, you might be saying to yourself, “What problem can I possibly solve if I’m writing a military sci-fi epic, a sweeping nautical saga, or a yaoi?” (Look it up. Yaois are super hot right now.)
  • Try boredom, lack of connection or understanding, spiritual need, need for inspiration, or escape from unhappiness? Dig deep. The problems are there, and you can solve them, at least temporarily.

Competition :

  • A standard section of a nonfiction book proposal is an analysis of competing titles. For writers of fiction, this can be immensely valuable.
  • Make a list of authors who sell well in your genre.
  • Make a list beloved books that are similar to yours.
  • Write down a list of the recent bestsellers in your genre category.
  • Keep listing until you selected at least twelve titles that are excellent examples of what you want to write and that are currently selling well.

For each book, include the following:

  • Title
  • Author
  • Amazon Categories
  • Amazon Rank
  • Book Description
  • How your book is different or better than this title

The most commonly shared view is that it has become extremely difficult to generate exposure for novels. Fiction, more than nonfiction, depends on readers discovering new books by browsing. Now, with the number of physical stores down from five years ago (despite a rise in ABA membership), publishers cannot rely on bricks-and-mortar stores providing customers with access to new books.

Nor can publishers depend on media outlets to make up for the gap left by the shrinking footprint of physical bookstores. Review space in mainstream media has been slashed, cutting off another possibility for readers to learn about new fiction.

The upshot of those developments is that publishers have found breaking out new writers—never mind developing new franchise authors—increasingly difficult.

Creating authors who can draw readers via name recognition alone is crucial to selling novels. Research done by the Codex Group shows that the author is the most important factor in a person’s decision to buy a novel. Codex founder Peter Hildick-Smith says that with so much inexpensive genre fiction now available at “subprime price points under $5” (from such channels as Kindle Unlimited), publishers must invest to develop brand name authors who can command premium-price loyalty.

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