XaiJu
mcahogarth
mcahogarth

patreon


Business Post: The Audio Conundrum

I've decided this week to unlock the content I'd usually reserve for the coffee cup tier ($5 a month), so you can see what goes on behind the curtain! And, you know, decide if you'd like to join. *grin* Today, then, a discussion of the Audio Conundrum. ErraticTransparency wanted to know if the Jokka audiobooks would be available at retailers now that their serialization is complete, and I said, 'the answer to that is complicated'. Which it is. Lemme 'splain.

Let's set the scene first. Print sales of the kind of genre fiction I write are not healthy, and not likely to become more so. When people talk about the stunning recovery (and reassuring persistence of) physical book sales, what they aren't saying is that those sales break down into very predictable categories:

(For a brief period, coloring books propped up physical print sales considerably. Their heyday is over. Sorry, y'all, the market is saturated.)

Anyway, if you look at that list, it will probably make sense to you. Most of us don't want to drag our electronic devices into the kitchen to consult an e-cookbook. Few people study out of e-textbooks. And kids like to put their hands on things, and probably will continue to need the tactile experience (even if it is augmented by a virtual one) for a long time.

The voracious reader of genre fiction, whether that's the person binge-reading a romance category or the one chewing through military science fiction novels like a woodchipper, has made the transition to e-books, and those are the people who feed people like me. *salutes them* Some number of those catholic readers will convert to superfans who want paper copies of things, preferably autographed or remarqued, but with rare exception you can't make a living off superfans. A healthy career is carried by the thousands of people who read your book and move on to the next author of similar style, and do that day after day, year after year.

I can hear you now: Jaguar... I thought this was going to be about audio. Why are you talking about print??

Because while print is shrinking, audio is heading straight to the stratosphere. The social and technological and cultural changes that are making audiobooks more viable are manifold and I could probably get into the nitty-gritty for another two thousand words, but instead I'll just say: audio is a good investment for a genre author. Unlike paper, which only pans out in very specific circumstances.

But audio, my friends, is not cheap to produce well.

If you wanted to, I suppose, you could hire a friend with a gaming headset to record your book for you. But you will run into many challenges.

So hiring a good narrator—one who knows audiobook “formatting”, has the equipment to record it at a high enough fidelity, and who is professional enough to respond to direction and deliver 10-20+ hours of audio on time—is not a minor affair. Accordingly, it's expensive. Most professionals hover in the $200-an-hour range; the famous ones are up in the $600-an-hour range. If you are willing to shop hard, you might find an up-and-comer in the $50-$100 range who’s got the chops but not the experience to demand what they deserve, but as a businessperson, your time has a cost. The hours you spend combing through auditions, hoping to find that unicorn, might deliver you into negative return-on-investment if you’re not careful.

Now. I have done the math for my books, and the math says that—under normal and existing circumstances—I will be in my dotage before I earn back the outlay for most of my books, particularly the non-Peltedverse offerings. But two things keep me coming back. First: audio is growing. The largest retail markets for audio are digital, which means I don’t have to worry about failing bookstores as my primary sales outlet, the way I do with print. Most people are using their phones or other devices to listen to digital copies of audiobooks, not buying CDs. (Do modern cars even have CD players anymore? I don’t think my computer has a DVD or CD player, even.)

The other thing is that the promotions that drive enormous sales bumps are targeting e-books… but e-books that have an audio edition represent a significant enticement to readers who enjoy audio. With Amazon pairing cheap audio editions with e-book purchases, the temptation to click ‘buy’ on both creates a measurable halo effect on audio sales. The Bookbub promo for Earthrise singlehandedly made back all the money I spent on the narration not just for that book, but for the next one in the series as well—in audio sales alone.

None of this changes, of course, that audio is expensive, and that for a lot of books it’s not likely to make the money back. Some of the most lovely audiobooks I’ve produced are languishing because they’re attached to books that don’t sell themselves well. But on the whole, I consider audio a good enough investment, particularly for my various flagship series, that I’ve committed to getting those audio editions done. I refuse, though, to eviscerate my annual budget to do it, which is why I’ve put together the compromise that got the Jokka audiobooks completed.

Here’s how that works: in acknowledgment that serialization represents a much narrower audience than selling at retail, the narrator charges me a discount rate per finished hour, to be delivered on a month-to-month basis. So long as the audio remains available only as a serialization, crowdfunding incentive, or Kickstarter prize, we’re golden. When I decide to offer the books through retailers, though, I am on the hook for the remaining amount-per-hour, and I need to pay before I can post.

Every month, then, I pay the narrator his discounted rate for 1-2 hours of audio, and in this way, I get the book done. At that point, it’s in my pocket, and I can hold off on any decision to market it more broadly until the gamble looks good. If, for instance, I landed a major promotion for The Worth of a Shell, paying the narrator the remaining money so that the audiobook would be available for the halo-sales would be a smart move. Or, if I had a hole in my schedule and wanted to fill it with an event, I could bash a Kickstarter together to “unlock” the audiobook, to keep that expense from hitting my pocket directly.

So to answer, in a roundabout fashion, ErraticTransparency’s original question: I don’t have immediate plans to make the Jokka audiobooks available at retailers, because doing so would incur a pretty significant bill that the sales figures for those books don’t support. This is not to say that I might not one day decide to go for it—maybe I’ll score that promo, or feel like that Kickstarter, or maybe some SuperJokkaFan will decide to pass me the money because they want to give the audiobook to the world. But for now… I’m waiting. But if you love them, they'll continue to be available here, via Patreon, and you can always use the tags to find all the MP3s and download them to keep!

In the meantime, I am continuing with the serialization scheme. Our next target is Princes’ Game 2, Some Things Transcend, and as you can hear above the narrator’s gotten me a test file so I can decide if anything needs tweaking. I trust his instincts, and I’ve liked what he’s said about his plans; we always do some amount of planning before embarking on a series, discussing the arcs and the number of voices... in essence, setting the emotional and aural "levels" so that audio readers perceive an arc. With my first payment this month, we’ve embarked on what will probably be 60+ hours of audio, narrating the Chatcaavan War’s beginning, and I look forward to hearing Lisinthir, the Emperor, and the Chatcaavan Queen reprised from Even the Wingless, which was a tremendous performance. I hope you all enjoy it too. <3

That concludes my unexpectedly long business dissertation on audiobooks! Wow, that was lengthy. If you made it all the way to the end, I salute you. *grin* As always, questions and comments are welcome!

Business Post: The Audio Conundrum

Comments

I loved the audiobooks, it really brought the characters to life. I have all your pelted universe books and really love Lisinthir. My hands struggle to hold a book when they hurt a lot and I really appreciate being able to listen to them. Please keep making them....

I will probably try out some of the Jokka serial, and the Some Things Trancend excerpt. (These will be my first experience with audiobooks, even though I listen to several podcasts regularly. [are you going to be on @KSonney's Productivity Alchemy anytime soon? ] {Say hi to Reverend Mord and Pastor Drom while you are @Anthrocon =D } )

Vik-Thor Rose

I do love my unabridged audiobooks, and appreciate the amount of work that goes in to them. With one book I have, the author herself read the chapters in a podcast format (one chapter per recording per week or two). The audio quality was not great, but it was good enough, enjoyable, and helped introduce people to the book who had not read it before...

That narrator is very good. I look forward to hearing what he does with Jahir and V. You know I'm a big fan of audiobooks, and look forward to (eventually) having all of PG! Books 2 and 3 of PG are among my favs by you. Not a big fan of serials, so I will probably save a number of chapters up to listen to at once. But given he's the narrator I'll probably give Jokka a listen now that it's posted in full here. I haven't read those at all yet. Thanks for all the great commentary.

That has always been my assumption, and I thought that's what my research was showing...But there's that whole issue with self-confirming biases. Thank you for being an outside-my-head, experienced voice on this!

My observation is that your patreon will attract the top .01% of your fans. I would not count on the content on it attracting new ones (unless you're doing something that's easy to consume, like visual art.)

M.C.A. Hogarth

Ugh. The number one question (or variation thereof) about my book is whether there is (or why there isn't) an audiobook. You read/hear things about how, actually, it can be so cheap and easy and etc. I've even considered (since the music thing means I have a good mic, and since I've been told I have a good voice, and since I've done my share of acting and well-received public speaking) doing my own. (In spite of the fact that I don't listen to audiobooks at all because they 100% don't work for my brain.) But this post confirms that my fears about it not actually being at all easy, cheap, or etc are not unfounded. I definitely believe audiobooks are an important thing to offer, but this post has about stopped me (aka saved me from investing hours and hours on research only to discover I can't get good enough quality for a price in my budget). I'd love to know more about the serial thing. Maybe you have a contract you can share? I keep toying with the idea of a Patreon, but am pretty sure I wouldn't have more than a handful (really) of patrons...Would having a serialisation of the audiobook bump that number? Sorry, thinking aloud here. I think I'd love being an author and musician more if not for all the hours I spend stressing over things like this :-P I really appreciate your business posts. Once I can afford to go up to $5, I'll be doing that for the business posts alone &lt;3

I think your contract was mentioned. I know I’ve pointed it out to people. They did talk about the retirement and insurance funds — which from a business perspective makes perfect sense on their part.

Erin Hartshorn

Did they discuss using my contract? It's in the repository. SAG-AFTRA has specific requirements, including payment into retirement/insurance funds. (I do that as well, and it's a byzantine process for a modern organization.)

M.C.A. Hogarth

There were a couple good panels on audiobooks at the Nebulas this year (one on hiring a SAG-AFTRA narrator, the other on self-publishing audiobooks). Eye-opening on both process and cost — now I have a ballpark estimate of how much income I need before I do the audio for my series, and it’s right in line with what you said here.

Erin Hartshorn

I wonder... Do you have any statistics of audiobook sales versus country? I used to buy audiobooks from AUdible a long time ago, but found that I never really listened to them. They were just background noise to me if I played them while driving, or even worse, they were a distraction. This may have been because English isn't my first language, and in fact, English and Norwegian have different syntax rules, so mentally translating a story while trying to do anything else requiring gray matter is a bit of a speed bump. Now eBooks, those live a long and prosperous life in my Kindles(Yeah, I have 2 of them) and follow me on my travels. or just to the hammock outside in the summer. Still doesn't beat the combo of bad weather outside/comfortable chair/blanket/pot of tea and a proper book.

Trygve Henriksen

Also... I've just finished the audio book of Jerusalem by Alan Moore (yes. That one). 60+ hours long, people. Well over 50 characters...

Lemurvid

I'm glad you like him, because after hearing him do Wingless, I couldn't NOT get him for the rest of the series. All five books and 60-ish hours of it. :D

M.C.A. Hogarth

2. The guy who did the Jokka books was So good. Worth upping my Patreon just for that.

Lemurvid

2 things - 1. As someone who used to do a lot of casting and directing voice stuff, this is really NOT something everyone can do, and that's just TV scripts. The number of people doing audio books in the UK is not large.

Lemurvid


More Creators