Are books about to take a quantum leap forward? I just read an excellent article on CNN called, “E-books catching on with readers.” I’ve covered this topic before on the eHarbor Blog, and much of what I read in this article harkened back to the thoughts I offered in my blog entry, “Will Kindle hurt book publishers?” In that blog post, I focused solely on the Kindle DX, but now many other companies are jumping into the fray.
The e-book industry certainly looks promising. It’s attracting top booksellers like Barnes & Noble and Amazon, as well as tech giants like Apple, Google and Sony. Technological advances keep coming, making e-books thinner, easier on the eyes and more affordable every year. In fact, according to the article, they could become as thin as a piece of paper within the next five years. That sounds amazing!
The reason I am so excited about this development is that it has the power to dramatically cut printing costs and open the doors to up-and-coming authors to show off their work. Imagine someone writing a great work of fiction and selling it through Amazon at a fraction of the price it would be if it had to be printed, shipped and stored. That author could start earning revenue almost immediately.
This also gives new opportunities to people engaged in ecommerce. Instead of having to mail cumbersome documents about their services to customers, they might be able to offer them in digital form. I know this is already done via email and on websites, but they could become more mobile and they wouldn’t have to be printed out if they could be accessed on an e-book.
Right now, e-books only account for about 3 percent of the revenue earned by the publishing industry. But industry insiders, like Book Oven CEO Hugh McGraw, are expecting their share of the publishing industry to grow to as much as 20 percent in 2014. It will be interesting to see what the future holds for the publishing industry.
Aren’t you glad to be living in the future?
This blog entry is a complete version of the eHarbor Blog post, “E-books on the verge of explosive growth” The photo of the e-book inside a book is from Flickr, and it is the copyright of timonoko.
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