Internet Authors Are The New Black Swans

Every Traditional Publisher should read the bookqualities at work, which means B is better than A,
by Nicholas Taleb called 'The Black Swan'. Notand C better than B, but only in some ways. If
least because it's now a runaway best-seller and,the editor's boss then says they can only afford
in the fine tradition of that category, it wasto publish two books that month, do you think
ignored by most publishers who were asked tothat means he will pick B and C, since he's decided
publish it. If people who work at old-establishedthey are 'better'? Not a bit of it. It depends on
publishing houses want to find the next best-seller,what every other Editor is doing, and what every
they could well take some advice from Mr. Talebother publisher on the block is doing too, come to
in his important book.that. So, A might get published after all. C might
You see, he stresses the value of theget put off, (you remember, the 'best' book), and
unexpected and the importance of the random.might not even make it onto the list next month
He also says that people aren't logical, even oneither. That's the way Traditional Publishing works.
the smallest things. He gives the example ofIt's unpredictable. Plus, just to make things more
asking the question: 'Which do you prefer, apples'human' and even less logical, it also depends what
or oranges?' We might assume that there is onlyday of the week it is; whether a pay rise is in the
one answer, but some people can't even giveoffing; and what the Editor had for lunch. That's
that. Those that can, move on but get fooled atthe way it is in those offices.
the next step. They are asked if they preferWhich is why many authors have given up the
pears to apples. If they say they do, they arebattle entirely and turned to the internet to find a
asked if they therefore prefer pears to oranges.way to publish their books. They light upon a
Some do, some don't. That's odd, they shouldn'tprint-on-demand publisher like Lulu, and find they
say that. Who says? The logicians, and the peoplecan get everything they want there, without the
who invented the art of philosophy, going back toaccompanying trauma and heartache. It's entirely
the Ancient Greeks. If you prefer one over thelogical and predictable. You load up your files,
other, and a different one over that one, thenchoose a cover and can immediately order a
you should prefer the first over the last. Youcopy of your book to look at. It's nothing like the
really should. It's called logic. Unfortunately peoplerandom world of Traditional Publishing, which is
don't operate as the textbooks predict they will.why that place is suffering. As writers turn to the
Worse than that, it affects economics. Theseinternet to get their books to the marketplace,
days the supermarkets are keen to know whatthey have created a new option. It's not Vanity
you want, so they can plan ahead and get it onPublishing, where the author pays all the costs of
the shelves. So they ask people the apples andprinting and publicity, and it's not Self-Publishing in
oranges question, over and over again, but arethe old sense, where books are printed but never
baffled when the oranges don't sell. They should,sell. In Internet Publishing, books are only printed
people said they wanted them. Unfortunately,when they are needed. There is no initial
those questioned do silly things, like change theirexpenditure and no inventory. Whoah, no one was
minds. Or their circumstances change. Maybe aexpecting that. It's a Black Swan, as Nicholas
child leaves home, or a lodger arrives, and theTaleb would call it, a totally new and unexpected
household shopping starts to vary. Or, going backresponse to an unsatisfactory way of doing
to the question, people have an annoying habit ofthings. People seem to have been able to tolerate
saying yes, they really like oranges, then neverthe abuse for the past two hundred years, but,
eating them. Maybe they think they're good forfor some reason, have now finally decided that
them, and oranges need supporting. Whatever theTraditional Publishing is too high risk and have
reason, it drives the shop buyers wild. People aremoved to put it behind them. It will take a while
so unpredictable.for that message to get through, but that's the
Meanwhile, back at the Traditional Publisher, ancharacteristics of a Black Swan. Nobody thinks
editor picks up manuscript A and decides he likesthey exist, and then, when they appear, nobody
it. Then he starts on submission B and decides herecognises them for what they are. A generation
likes it better. When he reads the third one on theago, the whole concept would have seemed
pile, C, he's even more excited and thinks it'sludicrous. Writers becoming their own publishers?
even better than B. Which means that he mustIt'll never happen! But it has, and it's called Internet
think C is better than A, right? Well, maybe. ButPublishing. It's here to stay.
since they're all different, there might be different