Showing posts with label Wisdom Tree. Show all posts
Showing posts with label Wisdom Tree. Show all posts

Thursday, December 17, 2009

Article in The Hindu on Kindle

Virtually yours

It's not just for those in the business of publishing, ordinary readers too can gain immensely from e-books


A certain Mr. Gutenberg may be turning in his grave because of it. Many conventional book lovers would rather be caught dead than use this devil. The publishing industry is biting its nails not knowing what shape this semi-explored genie will take. But one thing is for sure — e-book readers are here to stay. Rather — even at the cost of making preposterous predictions — let me say that e-book readers are here to rule.

I'll tell you why. The biggest challenge in the book business anywhere in the world is distribution. Whether an author rolls out a bestseller or not, he/she will always have the complaint against the publisher that not enough copies of his/her book have been made available at the x or y bookstores. Suppose we look at the scenario where people only read e-books, a book would never go out of stock. It can be downloaded to a hand-held gadget within seconds in any part of the world. Technology has the power to be a great leveller here and can rid the publishing industry of distribution hiccups, arguably one of the biggest headaches it suffers from.

Affordable pricing


Now, it's not just about people associated with publishing, book lovers too can gain immensely from this technological revolution.

Almost half of a book's cover price is what could be termed as ‘middlemen's margin'. Add to that the cost of production of the book, warehousing, transportation, wastage in the form of damaged copies and the cost of managing these operations. If you shift to e-books, the price, say of a book that costs Rs.100, can come down to Rs.30! What more could a book lover ask for — being saved from the disappointment of not finding the book he/she wants to read in the neighbourhood book shop and actually getting it at the click of a button from the convenience of her study at an absolutely affordable price. Add to this, the contribution e-books would make to our environment. According to statistics, more than 40 per cent of logged trees are used in making paper. Couple this with the air, water and sound pollution caused by the paper mills, the printing press, the vehicles used for transporting raw materials. Also, materials like inks, chemicals, rubber rollers and plastic get used regularly. The resultant collateral damage to the environment is colossal. A simple e-book reader can save our earth from all this, and it works well with coffee.

SHOBIT ARYA

(The author is the publisher of Wisdom Tree, the first Indian publishing organisation to sell its books through Amazon Kindle.)

Friday, April 10, 2009

Blowing Our Own Trumpet


Alright, i am trying to be not my usual self. To begin with, i will try and blow our own trumpet.

Wisdom Tree, since its inception ( or is it germination) has been involved in some pioneering and path-breaking work. Be it doing books in unconventional sizes based on unconventional themes or selling them through unconventional mediums, we are known to be the trendsetters. Don't believe it ? Alright then, here we go.

We brought Garfield books to India, priced them at Rs 50 and sold them though Barista coffee shops and really started the connection between coffee and books in India. The book cafes followed. ( For documentary evidence visit http://www.indiantelevision.com/mam/headlines/y2k3/nov/novmam31.htm)

Understanding that reading is a one way process, we started Wisdom Tree Interactive and Under the Wisdom Tree to bridge the gap between our authors and readers and made the process interactive.

We gave value addition to our books — adding a free magnetic compass to a vaastu book or a tulsi mala to a book on mantras; sold our books through pharmacies, restaurants, garment stores; sold rights to our books in more than a dozen countries and established a global distribution network.

We again did pioneering work in book marketing by distributing complimentary preview booklets for one of our books and are mentioned in the Limca Book of Records for being the first Indian publisher to do that.

Flying in authors from abroad for book events ( well before a certain Mr Archer decided to look up India) to organising a live conference with the much loved and my absolute favourite Paulo Coelho, we did it all and ahead of the rest of the publishing world.

Now I am told, our experiment with the genre of graphic novel, Indian by Choice, which we believe is again inherently unique and Indian — it is colourful and bright unlike the usual graphic novels, has got Indian publishing industry really excited and if my information is correct, you will see many graphic novels from India in the future. The credit for this one goes to our dear author Amit Dasgupta and artist Neelabh Banrjee.

And here is the latest. We are launching Indian by Choice on 19th April at India House and Indian Saris and Indian Birds in Focus at the Nehru Centre, London on 20th April coinciding with the London Book Fair. To add to it, we have placed a one page advertisement featuring our UK lead titles in the prestigious UK magazine The Bookseller.

Did you say another first? I did'nt.

Phew! That was taxing for me. Imagine you.