4 Steps to Digital Innovation without Breaking the Bank, Hatchette Book Group
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Transcript of 4 Steps to Digital Innovation without Breaking the Bank, Hatchette Book Group
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Lisa Faith Phillips
Director of Digital Strategy and Development
@faithindigital
July 19, 2013
4 Steps to Digital Innovationwithout Breaking the Bank
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“You had me at the font.”
-Katherine Fugate, Valentine’s Day
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At Hachette Book Group, we sell words
that make you stay up until 4:00 AM
to find out how the story turns out
-even though you have towork tomorrow.
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From blockbuster thrillers
The Bourne Imperative is the tenth novel in the Bourne series and seventh by Eric Van Lustbader
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Popular romance
Grand Central Publishing Launches Forever Romance Digital Imprint
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Bestselling illustrated books
Fixed format on ipad
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Thrilling science fiction and Manga
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Award-winning children’s books and mega-selling YA
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Inspiring self-help and Christian titles
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David Sedaris Let’s Explore Diabetes with Owls
“I should be used to the way
Americans dress when traveling, yet it
still manages to amaze me. It’s as if the
person next to you had been washing
shoe polish off a pig, then suddenly
threw down his sponge saying, “F*
this. I’m going to Los Angeles!”
- David Sedaris, Standing By
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Innovation
Crowd-pleasing humor
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$0
$200,000,000
$400,000,000
$600,000,000
$800,000,000
$1,000,000,000
$1,200,000,000
$1,400,000,000
$1,600,000,000
Children & YA
Adult
Total Ebook Sales
2008 2009 2010 2011 2012
In 2012 US
ebook sales
increased
by $439
million.
US Ebook
Sales
2008-2012
178%167%
134%
42%
Words continue to sell
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Rank Publisher Appearances Points
1 Hachette 88 1301
2 Random House 87 823
3 Penguin 42 421
4 Self-published 22 393
5 Macmillan 18 213
6 Scholastic 17 259
7 HarperCollins 15 151
All data provided by Iobyte Solutions.
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Innovation
Hachette No. 1 in ebook publisher power rankings first part of 2013
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4 Steps to Digital Innovation
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(sometimes almost breaking the bank)
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Step 1. Listen
your consumers
your colleagues
your world
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your communities
to
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“Listen aggressively.”
-Mark McCormack, What They Don’t Teach You in
Harvard Business School
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To understand
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and let it guide your evolving ecosystem of content
what the consumer wants
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What we heard and understood
Great Content
Digitalized
ebooks
enhanced ebooks
videos
apps
printcontent
marketing all
channels
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print on demand
audio
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Value your past
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1942 19711969
Little, Brown and Company 175th Anniversary
1930 1938
“Frankly, I have no use for Messrs. Little and Brown … it’s the ‘and Company’ I’m fond of.” -- Ogden Nash
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Innovate for your present and future
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Enhanced Content
App DevelopmentNew Content
Marketing Apps
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Promotions
Co-publishingDigital Originals
and Short Form
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Create new value from your content
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Quoto ™ allows consumer
to add quotes to photos
and share on social media
20,000 curated quotations.
Recently updated with
2,500 new entries
Shake to get a
new quote. Get a
quote a day
pushed to your
phone
Bartlett’s Familiar Quotations App
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Communicate continuously
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Step 2. Collaborate
Internal and external partnerships
let you try new ideas
and learn from your communities
with lower investment costs.
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Innovation
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Innovation
Recent HBG Digital Originals
Be intrapreneurial
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Be open to the unexpectedfor innovative content and marketing channels
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Totsy.com, flash-sale site for
mothers, and HBG create an
ebook of their blogger’s stories
for their 3 million subscribers
with a targeted ad for another
HBG title.
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Partnering with Citia, we
chunked our bestselling book
5 Levels of Leadership’s into
key lessons that can be
explored in any order and
shared via social media.
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Partner to reduce the cost of testing new ideas
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Step 3. Be agile
Content development
Project management
Systems programming
Partnerships
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Innovation
Marketing through all channels
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Success is three-fourths hard work, and the rest is whatever ingredient you need to complete the requirement.
- Ginger Rogers
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Innovation
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Ideas come from everywhere
Respond quickly
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Innovation
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Slice content in new ways to fit demand
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Working with Penthouse, HBG
repackaged content for erotic
digital shorts series “Quickies”
from the best-selling series
Penthouse Letters.
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Adapt app strategy to consumer utility
Free marketing apps with games, photos and author
backlist encourage discovery, sharing and buying.
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Target common useful features to scale production of digital assets
Quiz and Photo Marketing Book as app Title CatalogsEnhanced Readers
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Step 4. Just f* try it
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“We still haven’t figured out what this thing (the Internet) is, but I think it’s because it has so much unfathomed potential.”
-Jerry Seinfeld
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Experiment with new formats
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Frank Viva’s beautiful scroll art
makes an exciting interactive
ebook as the story moves
forward or back as you tilt your
iPad.
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Explore new channels
Livrada’s ebook gift cards offer an easy
way to give ebooks as gifts and
encourage new digital adopters.
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“The secret of success is constancy of purpose.”
- Benjamin Disraeli, Earl of Beaconsfield
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Good stories have a constancy of purpose
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to entertain and enlighten.
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Thank you!
Any questions?
[email protected]@faithindigital
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