Latest / Substack Writers Salon / What I Learned From an Hour With Jane Friedman, “The Most Trusted Voice in Publishing”
Transcript
- 0:00SPEAKER_02: Hi, everyone.
- 0:03SPEAKER_02: I'm so excited today to have with me an industry legend.
- 0:08SPEAKER_02: Look, I'm already getting people joining just because of your name, Jane.
- 0:14Her name is Jane Friedman and she reports on the publishing
- 0:18industry and she runs
- 0:21SPEAKER_02: more than one newsletter.
- 0:24She has a paid newsletter and then she has a free Substack
- 0:28newsletter where she just
- 0:29talks about the latest industry and the latest publishing
- 0:33trends and she has been
- 0:36SPEAKER_02: called the most trusted voice in publishing.
- 0:40So I am really excited and I'm actually I was surprised that
- 0:43she accepted my
- 0:44invitations since I'm a small fish but you know she's that kind
- 0:48of person that she
- 0:49SPEAKER_02: supports the underdog so
- 0:51SPEAKER_02: Jane, thank you so much for joining me today.
- 0:55SPEAKER_02: I'm so excited to have you.
- 0:58And I already see that we already have 20 people live just by
- 1:03hitting go live today.
- 1:06SPEAKER_02: So people are excited to hear from you.
- 1:07SPEAKER_02: All right, Jane.
- 1:09SPEAKER_02: And I think you said this is the first time you go live on Substack.
- 1:12SPEAKER_02: So I'm excited to be the person who's doing that.
- 1:16SPEAKER_02: So
- 1:17SPEAKER_02: You've been called, as I said, the most trusted voice in publishing.
- 1:22SPEAKER_02: And for anyone who does not know your work yet,
- 1:25how did you build that trust over 25 years and what does your
- 1:29day-to-day actually
- 1:30SPEAKER_02: look like now?
- 1:32SPEAKER_00: So I started working in the publishing industry in the 90s,
- 1:36SPEAKER_00: and I spent my whole career in this industry.
- 1:39SPEAKER_00: And I started off working at Writer's Digest,
- 1:41SPEAKER_00: which still exists today,
- 1:43SPEAKER_00: although in kind of a smaller form.
- 1:46SPEAKER_00: It used to encompass a lot of different things.
- 1:49And today it's mainly a magazine and an event program,
- 1:52both online and in person.
- 1:55SPEAKER_00: So I'm still affiliated with Writer's Digest, but I left there in 2010.
- 2:00SPEAKER_00: And then I started reporting on the industry around that time,
- 2:03SPEAKER_00: launching my paid newsletter in 2015.
- 2:07SPEAKER_00: So I think part of it is I've been around for a very long time,
- 2:10SPEAKER_00: been very consistent in what I produce.
- 2:14SPEAKER_00: I have spoken
- 2:16SPEAKER_00: So,
- 2:42You also run the bottom line newsletter and it's on a different
- 2:47platform,
- 2:47not Substack.
- 2:49SPEAKER_02: And why did you decide to host it somewhere else rather than Substack?
- 2:54SPEAKER_02: And I know you're a bit skeptical of Substack.
- 2:57So I want to hear why did not you join the party where everyone
- 3:02is moving?
- 3:03SPEAKER_02: And why did you stuck with a different platform?
- 3:06SPEAKER_00: Yeah.
- 3:07SPEAKER_00: Well,
- 3:08SPEAKER_00: I mean,
- 3:08the most simple answer is that I started my paid newsletter
- 3:11before Substack existed.
- 3:14SPEAKER_00: Had it existed when I started,
- 3:16SPEAKER_00: which was in 2015,
- 3:18SPEAKER_00: the ease of use would probably have been really hard to turn down.
- 3:23SPEAKER_00: That's what I thought.
- 3:23SPEAKER_00: Like when Substack first launched,
- 3:25SPEAKER_00: I thought,
- 3:25SPEAKER_00: oh my God,
- 3:26SPEAKER_00: finally,
- 3:27SPEAKER_00: someone has put together the tech stack required to easily manage a paid
- 3:32SPEAKER_00: newsletter.
- 3:33SPEAKER_00: I mean,
- 3:34that that was my first impression of it that before it became
- 3:37what it is today it
- 3:38has changed a lot over the years yeah um but then you know once
- 3:43I so I obviously I
- 3:45saw the tools for a few seconds I thought about switching but
- 3:50by that point I had
- 3:51SPEAKER_00: already put in all the work to create my own
- 3:54SPEAKER_00: Natasha Tynes
- 4:05SPEAKER_00: every month.
- 4:06SPEAKER_00: So,
- 4:07SPEAKER_00: you know,
- 4:07it doesn't make sense for me to divert a huge part of my
- 4:10audience over to Substack.
- 4:12SPEAKER_00: I've already built my platform.
- 4:14SPEAKER_00: But, you know, other writers aren't in the same position as me.
- 4:17SPEAKER_00: I'm well-established.
- 4:19SPEAKER_00: I have this website traffic.
- 4:20I already had newsletters,
- 4:22free newsletters that helped lead into the paid newsletter.
- 4:26SPEAKER_00: So,
- 4:26SPEAKER_00: you know,
- 4:26the system was already up and running and I wasn't going to
- 4:29fork over 10% to
- 4:31SPEAKER_00: Substack for something I'd already built.
- 4:34SPEAKER_02: So as you said,
- 4:35Substack has changed dramatically and there's a recent case
- 4:39study of Lena Dunham.
- 4:42For those who don't know who Lena Dunham is,
- 4:44she's an actress who created the show Girls.
- 4:48SPEAKER_02: And she recently published her memoir called Fame Sick.
- 4:52and I just read a story in I think it was Fast Company that
- 4:58says and they featured
- 4:59Lena Dunham as a case study in which she sold 60,000 copies of
- 5:05her book in a week
- 5:06SPEAKER_02: just by
- 5:07by leveraging Substack by using notes by appearing on by
- 5:11collaborating with other
- 5:12Substack authors using live so based on that do you still
- 5:18believe and I'm quoting
- 5:20you that Substack is both great and terrible for authors or now
- 5:25you thinkSubstack is
- 5:27SPEAKER_02: great for author after the Lena Dunham case of selling 60,000 copies
- 5:32SPEAKER_00: Well, there are many different use cases for Substack.
- 5:35SPEAKER_00: I think that's what makes it so hard to discuss.
- 5:38SPEAKER_00: It's not just one thing, and it's not one thing for all authors.
- 5:42So when I wrote my initial article about Substack as both good
- 5:46and terrible,
- 5:47SPEAKER_00: I was really looking
- 5:48SPEAKER_00: from the perspective of the value of having an author newsletter,
- 5:52like a free email newsletter that helps keep you in touch with
- 5:59the people most
- 6:00SPEAKER_00: interested in your work,
- 6:01SPEAKER_00: your fans,
- 6:02SPEAKER_00: basically,
- 6:04SPEAKER_00: or your peers,
- 6:05SPEAKER_00: your colleagues.
- 6:06And my concern was that Substack was introducing this paid
- 6:11subscription model and
- 6:14SPEAKER_00: Which was,
- 6:15SPEAKER_00: like I said,
- 6:15SPEAKER_00: this is a really valuable functionality,
- 6:17SPEAKER_00: but I would say the large majority of authors,
- 6:21SPEAKER_00: maybe 90% of authors,
- 6:23should not be charging for an author newsletter that is
- 6:26essentially a marketing
- 6:28SPEAKER_00: vehicle for their work.
- 6:31So I think it just Substack ends up conflating a lot of
- 6:34different goals under one
- 6:36SPEAKER_00: umbrella,
- 6:36SPEAKER_00: also a lot of different functionalities.
- 6:39SPEAKER_00: And so part of the point of my article was I love email newsletters.
- 6:45SPEAKER_00: My career is built on email newsletters and websites.
- 6:49But I felt like Substack was really muddying the waters by
- 6:52suggesting people really
- 6:54SPEAKER_00: ought to charge for their email newsletter.
- 6:56SPEAKER_00: I mean, there are ways to do it.
- 6:59SPEAKER_00: that can be productive, that can lead to a living.
- 7:04SPEAKER_00: But obviously,
- 7:05SPEAKER_00: I think as you know,
- 7:06SPEAKER_00: as anyone who's here probably knows,
- 7:08SPEAKER_00: Substack will suggest at every turn,
- 7:10SPEAKER_00: shouldn't you charge?
- 7:12SPEAKER_00: People might pledge.
- 7:13SPEAKER_00: How about earning some money?
- 7:15It is not easy to get people to pay for a subscription,
- 7:19I know,
- 7:19firsthand.
- 7:21SPEAKER_00: Now,
- 7:21SPEAKER_00: the other thing I would say is that the Lena Dunham situation,
- 7:25SPEAKER_00: this is really about usingSubstack
- 7:27SPEAKER_00: as a means of book marketing and publicity,
- 7:30SPEAKER_00: whether or not you have a Substack newsletter.
- 7:34So I would certainly encourage every author of books to be
- 7:38looking at specific
- 7:40SPEAKER_00: people,
- 7:41SPEAKER_00: specific outlets,
- 7:42SPEAKER_00: media outlets,
- 7:43SPEAKER_00: individuals like yourself,
- 7:44SPEAKER_00: look at who is on Substack,
- 7:46who already has an audience that might be appropriate for my
- 7:50book marketing and
- 7:51SPEAKER_00: publicity campaign.
- 7:52SPEAKER_00: Now,
- 7:52I wouldn't credit Substack for selling every single one of those
- 7:56copies of her
- 7:56SPEAKER_00: memoir.
- 7:58book sales are complicated right so that it comes from a lot of
- 8:01different places
- 8:02sources it's hard to track but I do think it gives credit to
- 8:07Substack for being
- 8:10critical in the literary bookish community I mean there's so
- 8:15many other examples we
- 8:16could point to that I think are super relevant for Substack's
- 8:19importance in writing
- 8:20and publishing like Ron Charles from the Washington Post
- 8:24jumping over toSubstack
- 8:25SPEAKER_00: after he gets laid off but
- 8:27And there was also a really good conversation recently between
- 8:30John Warner
- 8:37SPEAKER_00: and also making it possible for them to earn money from short pieces.
- 8:42It's filling this gap that was created by the decline of the
- 8:47newspaper and magazine industries.
- 8:51SPEAKER_00: It's so hard to make a living as a freelancer today.
- 8:53SPEAKER_00: That path is all but dried up.
- 8:55SPEAKER_00: So Substack is fulfilling a really important role there.
- 8:59SPEAKER_00: But if I'm just looking at author newsletter, I mean,
- 9:03There are lots of ways to do that and Substack isn't the end-all
- 9:07be-all.
- 9:08Well I think if you think of it only as an author but what if
- 9:11you think of it as an
- 9:12authorpreneur where the book is one part of your income but you
- 9:18have multiple
- 9:19streams of income like for me books is very small margin and
- 9:24the other way I make
- 9:26money is ghost writing book coaching and also Substack where I
- 9:31the way I monetize it
- 9:32SPEAKER_02: is I give everything for free but I give master classes
- 9:37for free for paid subscribers so they actually get something in
- 9:40return rather than
- 9:41SPEAKER_02: buy my book,
- 9:42SPEAKER_02: buy my book,
- 9:43SPEAKER_02: right?
- 9:44SPEAKER_02: So I think there are two things.
- 9:47SPEAKER_02: There's the author and there's the authorpreneur.
- 9:51SPEAKER_02: And we all know that unless you're Stephen King,
- 9:54SPEAKER_02: living off your books is really,
- 9:57SPEAKER_02: really hard and you have to supplement it with other streams of income.
- 10:02SPEAKER_02: And that's when Substack kind of fills that gap
- 10:06SPEAKER_02: between authors transitioning to an authorpreneur.
- 10:10SPEAKER_02: And I think that's why people like me need a place like Substack.
- 10:16And the other thing is you have the Substack newsletter for you
- 10:21is for free,
- 10:22SPEAKER_02: correct?
- 10:23SPEAKER_02: And the other one is paid.
- 10:25SPEAKER_02: Is that your model?
- 10:27SPEAKER_00: So I have a lot of newsletters and it gets really confusing.
- 10:30SPEAKER_00: I mean, I am responsible for the mess, right?
- 10:34SPEAKER_00: Yeah.
- 10:35So I don't really have a newsletter on Substack I mean I
- 10:39technically do but I post
- 10:42to it once or twice a year and it's really about what I call
- 10:45more personal
- 10:46quandaries related to the career that I have chosen which is
- 10:50ultimately advice
- 10:51giver for writers or but you know I am I do more reporting
- 10:56business reporting now
- 10:58SPEAKER_00: than than I ever have and so
- 11:01That piece of my career has nothing to do with Substack It is
- 11:06run entirely through
- 11:07my website The newsletter itself gets through MailChimp But the
- 11:12subscription
- 11:12SPEAKER_00: management happens on my website And then I also have a free newsletter
- 11:16SPEAKER_00: So none of them are on Substack.
- 11:37SPEAKER_00: and I just fully own and control what's happening there.
- 11:40SPEAKER_00: I am not saying that people should follow my lead.
- 11:43SPEAKER_00: As I said,
- 11:44there are a lot of unique considerations for how I've built my
- 11:47career over time
- 11:48SPEAKER_00: that don't apply to other people,
- 11:50SPEAKER_00: especially if you're early career and emerging.
- 11:53SPEAKER_00: Substack has really great built-in marketing,
- 11:56SPEAKER_00: promotion,
- 11:57SPEAKER_00: community discoverability,
- 11:58SPEAKER_00: the recommendation system,
- 12:00SPEAKER_00: the social media layer.
- 12:01I coast a little bit on that social media layer because it's a
- 12:05really useful place
- 12:06SPEAKER_00: to interact with the literary community.
- 12:08SPEAKER_00: That's why I'm here today.
- 12:09There's a lot of the best conversations about writing and
- 12:13publishing are happening on Substack.
- 12:15SPEAKER_00: So I participate.
- 12:18SPEAKER_02: Yeah,
- 12:18but don't you feel like if maybe you participate more and show
- 12:22up more than just
- 12:24SPEAKER_02: twice a year,
- 12:26you'll get more discoverability because the magic of Substack is
- 12:30how you discover
- 12:31SPEAKER_02: new audience and it's basically
- 12:33SPEAKER_02: These are your people,
- 12:34it's your tribe You go where your tribe is and your tribe
- 12:38actually lives onSubstack
- 12:41SPEAKER_02: Would that make you change your mind about being more active on Substack?
- 12:45Just to have a wider audience or you're okay with the audience
- 12:48that you have?
- 12:50SPEAKER_00: Well,
- 12:50SPEAKER_00: I mean,
- 12:51SPEAKER_00: for clarity,
- 12:51SPEAKER_00: the newsletter,
- 12:54SPEAKER_00: which is the name of it,
- 12:56SPEAKER_00: is Sinister Malfactor of Panglossian Expectations.
- 13:00SPEAKER_00: I post to that one to two times a year, but I'm on notes every day.
- 13:06SPEAKER_02: Ah, okay, okay.
- 13:06SPEAKER_00: Right?
- 13:07SPEAKER_00: So,
- 13:08SPEAKER_00: you know,
- 13:08SPEAKER_00: like I said,
- 13:09SPEAKER_00: I use it like social media,
- 13:10SPEAKER_00: so I am showing up as I would on any other social media site.
- 13:15SPEAKER_00: But, you know, I have to say that the problem...
- 13:19I think for others again those who are listening to if Jane's
- 13:24doing this should I do it?
- 13:27I don't own and control the social media engagement or the
- 13:30community here and but
- 13:32the people who subscribe to my newsletters off of Substack the
- 13:36people who visit my
- 13:37website that is more valuable to me than the ephemeral nature
- 13:41of social media
- 13:42interaction whether it's on Substack or LinkedIn or somewhere
- 13:46else so I would also
- 13:48SPEAKER_00: say that there is an enormous overlap
- 13:51SPEAKER_00: Natasha Tynes
- 14:08SPEAKER_00: Natasha Tynes
- 14:32SPEAKER_02: The title of this live chat is Publishing Trends, right?
- 14:37SPEAKER_02: And that's kind of your specialty.
- 14:39SPEAKER_02: And one thing I want to start the conversation is self-publishing.
- 14:45And the reason I mentioned self-publishing is because it keeps
- 14:48getting bigger and
- 14:50bigger and Amazon KDP and others keep improving the features
- 14:56and publishers keep
- 14:57SPEAKER_02: shutting down and making life really hard.
- 15:00To the degree I even interviewed somebody here on Substack who
- 15:03was offered a deal by
- 15:05SPEAKER_02: Random House and he turned it down because like I make more money from
- 15:09SPEAKER_02: self-publishing I have more control
- 15:12SPEAKER_02: And on the flip side,
- 15:13there's the cachet of being a quote-unquote traditionally
- 15:16self-published author.
- 15:17And I've seen people in their bio now,
- 15:19they say traditionally published authors.
- 15:23SPEAKER_02: Instead of saying author,
- 15:25SPEAKER_02: they have to add that kind of cachet that they traditionally published.
- 15:29SPEAKER_02: So how do you feel about self-publishing?
- 15:32SPEAKER_02: And where's the trend going in 2026 when it comes to self-publishing?
- 15:38I mean to just step back for a second self-publishing has been
- 15:42growing for a very
- 15:43long time now and in the last two years I would say the growth
- 15:49has been charged to
- 15:50a degree we have not yet seen because of AI so some of the
- 15:54growth is a little bit
- 15:56SPEAKER_00: strange and isn't the sort of person I would equate to
- 16:03You or someone who's on Substack or someone who's associating
- 16:06with the literary
- 16:07SPEAKER_00: community In other words,
- 16:09there are a lot of get-rich-quick schemes associated with some
- 16:13of the growth that
- 16:13SPEAKER_00: we're seeing in self-publishing because of AI
- 16:16So I just want to set that part aside because I'm not really
- 16:19actually interested in
- 16:21SPEAKER_00: the community of get rich quick book publishing people which exists.
- 16:28So to just look at trends for self-publishing for the rest of
- 16:31us,
- 16:32I would say that
- 16:34SPEAKER_00: If you're in a genre fiction category like romance,
- 16:38SPEAKER_00: romanticcy,
- 16:39SPEAKER_00: science fiction and fantasy,
- 16:40SPEAKER_00: lit RPG,
- 16:42these are areas where there is a really strong career path for
- 16:47someone to go the
- 16:49SPEAKER_00: self-publishing route,
- 16:50but it really depends on being able to produce consistently
- 16:53over a period of years.
- 16:55SPEAKER_00: It often means writing in a series.
- 16:57SPEAKER_00: That's where you tend to see the success.
- 17:00and when authors are able to find their readership that way and
- 17:03it's often through
- 17:04Amazon let's be really clear as well as the Kindle Unlimited
- 17:08subscription program
- 17:09for authors who are able to make that work and again we're
- 17:12talking about usually a
- 17:13two to four maybe five year establishing period I find that the
- 17:19authors who do
- 17:20SPEAKER_00: really well end up selling some rights
- 17:24SPEAKER_00: Tynes natashatynes Read and Write with Natasha Tynes
- 17:51SPEAKER_00: As reported by publishers, Marketplace doubling over the last year.
- 17:54SPEAKER_00: So that would be from 2024 to 2025.
- 17:58So it's publishers like this pipeline because it reduces their
- 18:02risk and they are
- 18:03SPEAKER_00: building on a readership that's already been proven.
- 18:06SPEAKER_00: So I expect this to continue.
- 18:08SPEAKER_00: I don't think it's going to slow down.
- 18:10SPEAKER_02: Interesting,
- 18:11SPEAKER_02: because in the past,
- 18:12SPEAKER_02: people used to tell you,
- 18:13SPEAKER_02: if you self-publish,
- 18:14SPEAKER_02: nobody's going to look at you.
- 18:15SPEAKER_02: And, you know, like publishers are going to like completely reject you.
- 18:20SPEAKER_02: But now it's changed where,
- 18:22SPEAKER_02: and correct me if I'm wrong,
- 18:23where publishers come to self-published authors and try to work
- 18:28with them.
- 18:29SPEAKER_02: But why did this change?
- 18:32Because of the stigma or because they proved their worth by all
- 18:36the books that they
- 18:37SPEAKER_02: sold on their own?
- 18:41SPEAKER_00: Why did it change?
- 18:46SPEAKER_00: I think that publishers, first of all, they don't move all that fast.
- 18:52If they see a market opportunity in the self-published author
- 18:56space,
- 18:58it fits a hot sub-genre.
- 19:00SPEAKER_00: It's much easier for them to pick up what's already working.
- 19:05I think something else that plays into it is how much more
- 19:08difficult book marketing
- 19:09SPEAKER_00: and promotion has become.
- 19:12SPEAKER_00: Part of this has to do with the collapse of traditional book coverage.
- 19:15SPEAKER_00: I mentioned the newspapers and magazine industries cratering.
- 19:18I think how people find out about books,
- 19:22it's more driven by word of mouth among
- 19:26SPEAKER_00: Peers, influencers, social media, you've got book talk.
- 19:31SPEAKER_00: And so the old voices that used to help you discover books,
- 19:36SPEAKER_00: they don't have as much relevance anymore,
- 19:38SPEAKER_00: and that's where traditional publisher strength typically lies.
- 19:42So,
- 19:43you know,
- 19:44I want to be clear,
- 19:46there are lots of different variables here.
- 19:47SPEAKER_00: It's not like one sole thing that's causing this.
- 19:51SPEAKER_00: But something else that's happened, I think, is
- 19:54SPEAKER_00: Tynes
- 20:24SPEAKER_00: Tynes
- 20:48SPEAKER_00: Tynes
- 21:09And I do think self-publishing authors hold more power when
- 21:13they have that direct
- 21:15SPEAKER_00: reach to readership,
- 21:15and that's almost always the case with the genre fiction
- 21:18authors I'm discussing
- 21:20SPEAKER_02: Fascinating Okay,
- 21:24what are the top publishing trends of 2026 and beyond that we
- 21:28should pay attention
- 21:29SPEAKER_02: to?
- 21:30SPEAKER_00: Well, AI is probably at the top of everyone's list, like it or not.
- 21:35SPEAKER_00: Just because there's so much uncertainty,
- 21:37SPEAKER_00: fear,
- 21:37SPEAKER_00: anxiety,
- 21:39SPEAKER_00: the lawsuits,
- 21:41SPEAKER_00: there's not a lot of transparency about what publishers are doing.
- 21:44SPEAKER_00: Meanwhile,
- 21:45SPEAKER_00: who knows what the authors are doing,
- 21:47SPEAKER_00: as we saw with the Shy Girl case where the publisher dropped the book.
- 21:53SPEAKER_00: I think it also,
- 21:54SPEAKER_00: you know,
- 21:55you're going to see more AI use that allows books to reach more
- 22:01formats or more
- 22:02audiences because AI reduces the costs associated with
- 22:07translations or audiobook
- 22:10SPEAKER_00: narration or audio translations.
- 22:13SPEAKER_00: So that's something.
- 22:15Audio still has a lot of enthusiasm and energy around it
- 22:21because it appears to have
- 22:23SPEAKER_00: brought more readers into the publishing space,
- 22:29not least because of Spotify's entry into the market not that
- 22:32long ago in the grand
- 22:33SPEAKER_00: scheme of things.
- 22:34So everyone's kind of paying attention to how the audiobook
- 22:37market might grow
- 22:38SPEAKER_00: because it's been a really meaningful challenger to Audible's dominance.
- 22:42SPEAKER_00: So that's another trend that I've been watching.
- 22:45SPEAKER_00: I'll pause there.
- 22:49SPEAKER_00: Maybe if there's something you're curious about, I could speak to it.
- 22:52SPEAKER_00: But AI tends to suck all the air out of the room.
- 22:55SPEAKER_02: And how do you feel about AI?
- 22:57Because the conversation is so contentious and it's so annoying
- 23:03sometimes because
- 23:03SPEAKER_02: there's people who's like,
- 23:05SPEAKER_02: I would never ever in my whole life use AI.
- 23:08SPEAKER_02: And some people like, let's say...
- 23:10SPEAKER_02: You know,
- 23:11SPEAKER_02: respected authors like Joanna Penn,
- 23:14SPEAKER_02: who runs the podcast What's the name of the podcast?
- 23:17I forgot The Creative Penn She's all about AI and she's very
- 23:22transparent about how
- 23:23she uses AI in fiction and other ways So where do you stand
- 23:28when it comes to AI?
- 23:31I don't like the circular firing squad that has emerged out of
- 23:35this issue and by
- 23:36SPEAKER_00: that I mean authors attacking other authors for
- 23:41SPEAKER_00: whether they decide to use this technology or not.
- 23:45I think that it's a really complex issue and boiling it down
- 23:50into black and white
- 23:52SPEAKER_00: Tynes natashatynes
- 24:13SPEAKER_00: Tynes natashatynes
- 24:28I would say that the other thing I would add is that all of the
- 24:31scandals related to
- 24:32SPEAKER_00: AI,
- 24:33SPEAKER_00: whether it's Shy Girl,
- 24:34SPEAKER_00: whether it's a book reviewer using AI,
- 24:38SPEAKER_00: like in the New York Times,
- 24:41SPEAKER_00: it feels like there's a scandal every week or two.
- 24:45I don't think these scandals are indicative of how AI is going
- 24:48to change the industry.
- 24:50SPEAKER_00: But that's often when authors discuss AI,
- 24:53SPEAKER_00: when we talk about AI,
- 24:54SPEAKER_00: it often gets reduced to the worst actors.
- 24:58And so we're not talking very often about actually what are
- 25:02some of the enlightened uses.
- 25:04SPEAKER_00: And they do exist, I promise you.
- 25:07um but no one wants to talk about it because they don't want to
- 25:10get shot down they
- 25:11don't want to be told you're a bad person those people are not
- 25:14speaking up to talk
- 25:15about it so I see my role in this is just as I see that my
- 25:20video stopped give me a
- 25:21SPEAKER_02: second I can still hear um
- 25:26I see my role as trying to bring factual information to all of
- 25:30this rather than a
- 25:32SPEAKER_00: lot of opinions.
- 25:33I think reducing the temperature in the room is more useful at
- 25:37this moment in time
- 25:39SPEAKER_00: and trying to give people a 360 degree view of what's going on.
- 25:47Yeah,
- 25:48like one of the things that people fail to talk about is how
- 25:52efficient AI can make it.
- 25:53For example,
- 25:54I recently has been messing with co-work,
- 25:57with cloud co-work.
- 25:59SPEAKER_02: And the use is for, I hired an AI chief of staff.
- 26:06SPEAKER_02: I called her Sultana.
- 26:07SPEAKER_02: And every morning Sultana wakes up and tells me what I need to do.
- 26:11SPEAKER_02: Like you have an interview for Jane, prepare for it.
- 26:15It's extremely efficient It researches all the media industry
- 26:21latest topics It
- 26:22arrives in my box Sometimes it responds to my emails in a draft
- 26:28format in my Gmail
- 26:29SPEAKER_02: inbox and I look at it and change it and I send it
- 26:33SPEAKER_02: I hired the whole assistant for free.
- 26:35SPEAKER_02: I mean,
- 26:36SPEAKER_02: I still pay for Claude,
- 26:37SPEAKER_02: but these are one of the uses that if you don't use i,
- 26:41SPEAKER_02: you're missing out on that level of efficiency.
- 26:44And I've seen it,
- 26:46especially with authors,
- 26:47it's a very toxic conversation.
- 26:50And the people who are transparent about it are very few
- 26:55because I think they're
- 26:56SPEAKER_02: worried that they're going to be canceled.
- 26:59SPEAKER_00: I will say that I certainly use AI for business administration,
- 27:04SPEAKER_00: for efficiencies in the work that I do.
- 27:08I'm basically a one-woman operation with my husband who
- 27:11supports the business as well.
- 27:13SPEAKER_00: But I do want to say in regards to the publishing industry,
- 27:15SPEAKER_00: because I think this is one of authors' fears,
- 27:17they fear that they're somehow going to be written out of the
- 27:20publishing story
- 27:21SPEAKER_00: because AI will replace them.
- 27:23SPEAKER_00: or people who work as editors or other creative people in the industry.
- 27:27SPEAKER_00: The AI's efficiencies will put them out of work.
- 27:31SPEAKER_00: And I think this is a really valid fear.
- 27:33SPEAKER_00: But I would also like to say,
- 27:35and I think the good publishing leaders recognize this and
- 27:39there are more good ones
- 27:40SPEAKER_00: than bad ones.
- 27:42I don't think anyone believes getting a book to market faster
- 27:45is going to sell more
- 27:47SPEAKER_00: books or make the publishing industry stronger.
- 27:49SPEAKER_00: Like it's
- 27:51and or producing more books is going to actually sell more
- 27:54books or make the
- 27:55SPEAKER_00: publishing industry stronger.
- 27:57SPEAKER_00: So again,
- 27:58SPEAKER_00: all valid fears,
- 27:59SPEAKER_00: but publishing's core problem has never been,
- 28:02SPEAKER_00: oh my gosh,
- 28:03SPEAKER_00: how do we get this book out more quickly?
- 28:04SPEAKER_00: It's rarely about that.
- 28:06SPEAKER_00: Although I did talk about publishers catching up to translate,
- 28:09SPEAKER_00: this is a little bit of a different issue.
- 28:12SPEAKER_00: But I just want to put that out there that I think that the way AI works
- 28:17Obviously this could go in a lot of different directions and
- 28:19I'm not going to
- 28:20SPEAKER_00: assume it's going to be all good.
- 28:22But I think if we're looking at AI for how it can improve and
- 28:27grow the industry,
- 28:29it really has to do with bringing more insights as to how
- 28:32readers can be reached,
- 28:33looking for patterns in all of the vast amounts of data that
- 28:38publishers hold about
- 28:40SPEAKER_00: book sales and marketing,
- 28:41SPEAKER_00: but they cannot analyze because they don't
- 28:44Have the time or they don't have the ability technically to
- 28:47analyze that data.
- 28:49SPEAKER_02: Interesting.
- 28:50SPEAKER_02: Okay.
- 28:50SPEAKER_02: Other trends.
- 28:51SPEAKER_02: Is BookTok still big?
- 28:53SPEAKER_02: Is it still the place or did we move past that?
- 28:58SPEAKER_00: We haven't moved past it.
- 28:59It's still relevant,
- 29:00but it's not something that I personally engage with.
- 29:03SPEAKER_00: So I just have to follow what other people are saying.
- 29:06SPEAKER_00: There's a very specific Substack romancing the phone by
- 29:13SPEAKER_00: Oh,
- 29:13SPEAKER_00: maybe someone in the chat can remember why I'm blanking on her name,
- 29:17but she's a literary agent and she often writes about what's
- 29:19happening on BookTok.
- 29:21SPEAKER_00: And so I read her in order to ensure that I'm staying up to date.
- 29:26SPEAKER_02: Okay.
- 29:27SPEAKER_02: Another thing, what about live selling?
- 29:30SPEAKER_02: Live selling,
- 29:31SPEAKER_02: I've seen it with Amazon Live,
- 29:33where you go and interview the author and somebody approached
- 29:36me and I did Amazon
- 29:38SPEAKER_02: Live and then you have the
- 29:40The ticker comes with your books and you click and it started
- 29:42with TikTok shop with
- 29:44the live setting and I did experiment with it but I got so busy
- 29:48I forgot about it
- 29:48but I went on TikTok and I created a shop and I talked to my
- 29:54book and I said oh by
- 29:55SPEAKER_02: the way the link to my book is in this video and
- 29:59in two minutes somebody I just bought it I loved it and I was
- 30:04like astounded by the
- 30:05SPEAKER_02: concept of this live selling that's actually happening and you have like
- 30:12influencers like Gary Vee and who say live selling is the
- 30:16future do you think that
- 30:18live selling when it comes to books is another one of the
- 30:21trends that we should
- 30:21SPEAKER_02: keep an eye on
- 30:23SPEAKER_00: It is fascinating.
- 30:24And I did a piece late last year about some of the authors
- 30:29succeeding on TikTok
- 30:30SPEAKER_00: Live specifically.
- 30:32SPEAKER_00: It reminds me a little bit of,
- 30:34SPEAKER_00: you know,
- 30:35SPEAKER_00: the days of QVC and the Home Shopping Network,
- 30:37SPEAKER_00: like the appeal of that.
- 30:40SPEAKER_00: It goes back a long time.
- 30:41SPEAKER_00: Correct.
- 31:02SPEAKER_00: But for authors who have reached a certain level of success,
- 31:06SPEAKER_00: I can see why it's in a very attractive path for sales.
- 31:11SPEAKER_00: And one of the guys that I interviewed,
- 31:13SPEAKER_00: I can't remember if it was either,
- 31:15SPEAKER_00: I think it might have been AP Beswick.
- 31:17SPEAKER_00: He's a fantasy author.
- 31:18SPEAKER_00: And I also talked to Zach Diamante.
- 31:23SPEAKER_00: Those were two authors in particular who were using TikTok a lot.
- 31:27SPEAKER_00: One of them did like a weekly...
- 31:30SPEAKER_00: live show on TikTok that was basically him boxing up orders.
- 31:35And he got to a point where he could reliably predict how much
- 31:39product he was going
- 31:39SPEAKER_00: to move as a result of doing that TikTok live.
- 31:43SPEAKER_00: So,
- 31:43SPEAKER_00: you know,
- 31:43SPEAKER_00: but there's,
- 31:44SPEAKER_00: you know,
- 31:44both of those authors spoke a lot about the fulfillment burden
- 31:48that presents
- 31:49SPEAKER_00: enlisting family members to fulfill the orders because TikTok,
- 31:52SPEAKER_00: you know,
- 31:53SPEAKER_00: you have to get those orders out prompt.
- 31:55SPEAKER_02: Yeah.
- 31:55SPEAKER_00: You have to be very prepared.
- 31:57But this only works for self-published authors because I don't
- 32:01think publishers
- 32:02SPEAKER_02: would allow you to sell on TikTok,
- 32:04SPEAKER_02: correct?
- 32:06I mean I don't if you're traditionally published you can do it
- 32:08but you need your
- 32:09own stock or you would need to do it in partnership with your
- 32:12publisher who is
- 32:13prepared to fulfill the orders for you yeah yeah okay what is
- 32:18another thing we need
- 32:20to keep an eye on as as authors who want to sell books what is
- 32:24the one thing we
- 32:24SPEAKER_02: talked about AI or TikTok another thing um
- 32:29SPEAKER_02: For me, I think about podcasting.
- 32:32SPEAKER_02: People say it's becoming a podcast tour.
- 32:35SPEAKER_02: Before it was called the blog tour.
- 32:37SPEAKER_02: Now it's a podcast tour.
- 32:39What is the trend that we need to keep an eye on besides all of
- 32:44these things if you
- 32:45SPEAKER_02: want to sell more books or publish more books?
- 32:48Well,
- 32:49this just gives me a chance to give my speech about how
- 32:54whatever the new thing is,
- 32:57SPEAKER_00: It's probably just like the old thing.
- 32:59SPEAKER_00: It just has a new name.
- 33:01SPEAKER_00: And I think for marketing and promoting books,
- 33:06there's never going to be one path or one formula or one plan
- 33:11that's going to work
- 33:12SPEAKER_00: for every book and every author.
- 33:13And I always advise people to focus on your strengths when
- 33:16you're putting together
- 33:17SPEAKER_00: your book marketing or launch plan rather than
- 33:20SPEAKER_00: Looking at the new shiny or what is the new trend?
- 33:23You have to really look at what your assets are and then also
- 33:26what you're actually good at.
- 33:28It makes no sense for me to tell people to go on podcasts if
- 33:33they're just not good at
- 33:35SPEAKER_00: Speaking on a podcast.
- 33:37SPEAKER_00: Obviously,
- 33:38SPEAKER_00: there might be times when you want to beef up your skills,
- 33:40SPEAKER_00: get media training,
- 33:41SPEAKER_00: and you can make that decision.
- 33:43SPEAKER_00: But I would first encourage people,
- 33:45SPEAKER_00: especially for a first-time book launch,
- 33:48SPEAKER_00: to look at where can you build on your strengths.
- 33:52SPEAKER_00: That's usually where the success comes from.
- 33:54SPEAKER_00: Yeah, I'll stop there.
- 33:59SPEAKER_02: Okay, so who do you follow?
- 34:01SPEAKER_02: Like, how do you get all these latest information?
- 34:04SPEAKER_02: Like, you're always on top of everything.
- 34:06SPEAKER_02: I want to get your secret for free.
- 34:10SPEAKER_02: Like, who are the people you follow?
- 34:12SPEAKER_02: What's your media consumption like?
- 34:14SPEAKER_02: Do you use AI to help you get information?
- 34:16Like,
- 34:17who's the people that you constantly follow to get this
- 34:21information from?
- 34:23There are some core industry sources that have always been
- 34:26there that are kind of
- 34:27SPEAKER_00: the baseline if you're following the publishing industry.
- 34:29SPEAKER_00: It includes Publishers Lunch,
- 34:33SPEAKER_00: Publishers Weekly,
- 34:34SPEAKER_00: the Bookseller in the UK,
- 34:36SPEAKER_00: Publishing Perspectives.
- 34:39So you really need those as your baseline And then you start
- 34:43adding on people who
- 34:44are working inside or around the industry And lots of those
- 34:48people are onSubstack
- 34:49SPEAKER_00: and have Substack newsletters So if you go to my Substack profile,
- 34:54just click on Reads There's like 150 publications there Not all
- 34:58of them are
- 34:58SPEAKER_00: publishing related,
- 34:59SPEAKER_00: but most of them are And so you're going to find things like Publishing
- 35:03SPEAKER_00: Confidential by Kathleen Schmidt or Lincoln Michelle's Countercraft
- 35:07um you're going to find uh Dear Head of Mine by a Big Five New
- 35:13York editor um and
- 35:15on and on Ann Truebeck of Belt uh Doug Siebold of Agate uh and
- 35:22then there's some
- 35:22people who are off of Substack like Kate McKean she used to be
- 35:26on onSubstack she
- 35:27does Agents and Books um and then I follow a lot of like
- 35:31journalism and digital
- 35:34SPEAKER_00: media newsletters like Brian Morrissey of the Rebooting
- 35:38Simon Owen's Media Newsletter because there's a lot of issues
- 35:42that overlap between
- 35:43SPEAKER_00: book publishing and digital media,
- 35:45SPEAKER_00: especially with AI and how writers earn a living since it often involves,
- 35:50SPEAKER_00: as you said yourself,
- 35:52SPEAKER_00: multiple revenue streams.
- 35:53And so news organizations are dealing with those challenges
- 35:56very much in the same
- 35:57SPEAKER_00: way that writers deal with those challenges.
- 36:00SPEAKER_02: Yeah,
- 36:00SPEAKER_02: so speaking of multiple income streams,
- 36:03SPEAKER_02: so you have your books and I have your,
- 36:05SPEAKER_02: I got your,
- 36:06SPEAKER_02: The Business of Being Published,
- 36:08SPEAKER_02: I think it's called,
- 36:09SPEAKER_02: Being a Writer,
- 36:10SPEAKER_02: right?
- 36:11SPEAKER_02: Yeah, that's one.
- 36:13SPEAKER_02: So you have your books,
- 36:14SPEAKER_02: you have your newsletter,
- 36:15SPEAKER_02: you have your courses,
- 36:17SPEAKER_02: you sell courses as well.
- 36:18SPEAKER_02: What are, like, how do you sell your authorpreneur empire?
- 36:24SPEAKER_00: There's the paid newsletter,
- 36:26SPEAKER_00: which is a big chunk of money,
- 36:27and then the other chunk comes from online classes that I host
- 36:34and some that I
- 36:34SPEAKER_00: teach myself.
- 36:35I have an online education program that my husband and I run
- 36:39where we bring experts
- 36:42SPEAKER_00: to do one-time classes.
- 36:45Next week,
- 36:46I'm doing a class with author Stephen James on abandoning your
- 36:50outlines.
- 36:52SPEAKER_00: And so we price them really accessibly.
- 36:56SPEAKER_00: It's $25 per class.
- 36:58SPEAKER_00: It's a one and done, 90 minutes usually, and then we move on to the next.
- 37:03SPEAKER_00: So I've been doing that since 2019.
- 37:07SPEAKER_00: And then I teach on my own.
- 37:08SPEAKER_00: I don't often host myself.
- 37:10SPEAKER_00: I'm usually teaching with other partners.
- 37:12SPEAKER_00: So in another week or two, I'm teaching a class on how to
- 37:17SPEAKER_00: how to work with small and independent publishers because I think it's an
- 37:20under-discussed area with a lot of confusion and myths
- 37:24associated with it so I'm
- 37:25doing that in partnership with an online community called Inked
- 37:28Voices later this
- 37:30week I'm teaching with the Australian Society of Authors
- 37:35because I'm going to be
- 37:35speaking in Australia later this year so I've got this is my
- 37:38Australia year for the
- 37:39I don't know if anyone's tuned in from Australia probably not
- 37:42the time difference
- 37:42SPEAKER_00: is brutal yeah but yeah so that's
- 37:46That's where most of the income comes from and then there's
- 37:48like speaking and some
- 37:50other drips and drabs from other sources Any plans for new
- 37:54books in the future?
- 37:55SPEAKER_00: No I don't like writing books I like writing newsletters
- 38:01Alright so before we go I'm just gonna go through quickly the
- 38:03comments and see some
- 38:05people have questions so someone called Emmett Taylor said Jane
- 38:10excited to see you
- 38:11I guess and then Politics and Aphrodisiac says your newsletter
- 38:16is great Jane I
- 38:17learned from it also Politics and Aphrodisiac say Substack is
- 38:22great but it has
- 38:23almost too much content so the competition is fierce I think
- 38:27it's better to have a
- 38:28SPEAKER_02: regular newsletter not onSubstack
- 38:31Emmett Taylor What do you do if you like Substack but not fan of
- 38:36other platforms?
- 38:37SPEAKER_02: I lecture, I have a website and love sharing stories about my memoir.
- 38:41SPEAKER_02: Should anyways, especially if I am trying to get traditional publishing.
- 38:47SPEAKER_00: If you like Substack, stay.
- 38:49SPEAKER_00: There's no reason to go somewhere else.
- 38:51SPEAKER_00: I mean,
- 38:52I think there's that my concern for folks relying solely on
- 38:57Substack is that what
- 38:58happens if Substack does something you don't like or they change
- 39:01the rules or it's
- 39:02SPEAKER_00: bought by someone that you have a disagreement with,
- 39:06SPEAKER_00: you know,
- 39:07SPEAKER_00: anything can happen,
- 39:08SPEAKER_00: right?
- 39:08SPEAKER_00: But ride the train for as long as you can if you like it.
- 39:12SPEAKER_00: Hmm.
- 39:14SPEAKER_02: Anyone else has any questions for Jane before we conclude?
- 39:18This is your chance and I believe this is her first Substack
- 39:22Live so I'm very
- 39:24excited to have that honor but anyway I'm gonna host the replay
- 39:30and send it to
- 39:31SPEAKER_02: everyone who could not join us but yeah I have somebody
- 39:38SPEAKER_02: Is there a market for political thriller based on elections set in Asia?
- 39:43SPEAKER_02: I guess that's a very specific question.
- 39:47SPEAKER_02: I guess he's writing a political thriller based on elections set in Asia.
- 39:52SPEAKER_02: Do you have any experience maybe about political thrillers in general?
- 39:59SPEAKER_02: I mean, you can sell anything.
- 40:01It just depends on whether an agent or publisher likes your
- 40:05voice,
- 40:07likes the premise.
- 40:08SPEAKER_00: It's too broad.
- 40:09You can sell anything,
- 40:12but it's all about the writing and the storytelling.
- 40:17SPEAKER_00: You can answer that question by pitching it and seeing what happens.
- 40:21SPEAKER_02: There's another one.
- 40:22SPEAKER_02: Is platform becoming more essential for nonfiction trap publishing?
- 40:29SPEAKER_00: If you want an agent or a New York publishing deal,
- 40:32SPEAKER_00: like a Big Five deal,
- 40:33SPEAKER_00: if you want an advance that exceeds $20,000,
- 40:38SPEAKER_00: you're going to have to have some kind of platform.
- 40:40SPEAKER_00: But that doesn't mean big social media following.
- 40:42SPEAKER_00: It just means how do you reach the audience for the book.
- 40:46SPEAKER_00: Maybe you're
- 40:48You're the leader of a national organization that ties into
- 40:53your book topic.
- 40:54SPEAKER_00: Maybe you host a really popular podcast.
- 40:57SPEAKER_00: Maybe you are friends with Oprah.
- 40:59SPEAKER_00: Like platform means a lot of different things.
- 41:01SPEAKER_00: Don't just boil it down to you need all of these numbers online.
- 41:05Although often I admit agents and publishers use that as a
- 41:09shortcut to determine if
- 41:11SPEAKER_00: you have a platform.
- 41:12But you have to look at it more holistically than just I need a
- 41:16social media following.
- 41:18Vincent Shaw saying,
- 41:20will the self-publishing sector continue to gain share of the
- 41:23markets?
- 41:24SPEAKER_00: It seems likely,
- 41:26but I don't think it's going to be growing quite as much as it
- 41:29has in the last 10
- 41:30SPEAKER_00: years.
- 41:31SPEAKER_00: It's not that I, yeah, it's a lot of, there's a lot of competition.
- 41:41SPEAKER_01: I lost you here.
- 41:47SPEAKER_01: Okay, we see him.
- 41:48SPEAKER_02: Looks like either my computer froze or we lost Jane.
- 41:53SPEAKER_02: But we'll wait a bit to see if she comes back.
- 42:00SPEAKER_02: I think it looks like we lost Jane.
- 42:04SPEAKER_02: But that's okay.
- 42:05SPEAKER_02: Well, thank you for...
- 42:07SPEAKER_02: It's okay.
- 42:08SPEAKER_02: I guess you're stuck with me now.
- 42:10SPEAKER_02: But we'll wait a few minutes.
- 42:14SPEAKER_02: But thank you, everyone.
- 42:16for joining us today and please stay in touch and I'm gonna
- 42:22host the replay I'm
- 42:23gonna post it and it's part of my podcast called the Substack
- 42:27Writers Salon thank
- 42:28you for joining me and I'm gonna wait like one minute to see if
- 42:33Jane comes back but
- 42:35SPEAKER_02: otherwise we will
- 42:40Call it a day and I'm looking at other comments somebody said
- 42:43this was great thank
- 42:45you but then somebody thanks Natasha and Jane when you get her
- 42:50back alright thank
- 42:52you but it's probably something happened that's okay thank you
- 42:56everyone for joining
- 42:58us today and please stay in touch and until we meet again for
- 43:02another episode of
- 43:04SPEAKER_01: theSubstack Virus Salaam thank you everyone bye bye