Rather than reviewing one book this week, I thought I would share my favorite business books. I get asked this question regularly, most recently when I was lecturing at Vanderbilt University’s Owen Business School earlier this week.

I have blogged on this topic previously. However, it has been almost two years. Since that time, my list has changed. Only four of the previous ones are on the new list. However, all twenty (the previous list and this one) are excellent.

On Saturday, I posted Four Surpising Conclusions About Author Websites. Yesterday, I posted on Why Every Author Needs a Powerful Online Presence. Today I want to address the how of building your author brand online.

Let me begin with a disclaimer. I am not a web guru. I am not a professional. I am simply a guy who has been blogging since 1998 (before they called it blogging). I have some degree of success, but mostly I have just tried to be a student of what works and what doesn’t work. And, I have made a lot of mistakes along the way.

Yesterday, I posted Four Surprising Conclusions About Author Websites. In case you missed it, I concluded that, for authors, building a powerful online presence doesn’t appear to have much to do with having (1) slick graphics or state-of-the-art technology, (2) a large media platform, (3) a large organization behind you, or (4) a young, hip image.

Joe Sheehan commented on the post and said,

A few weeks ago, in preparation for a meeting with one of my biggest authors, I visited his website. I was reminded again how many authors think that by just hanging a website in cyberspace they are somehow building their brand. As it turns out, not so much.

The site looked great. Nice graphics. Cool use of flash. Lots of razzle-dazzle. So I decided to run his site through WebsiteGrader.com. This simple tool is like a CAT-scan for websites. I was surprised at the poor results.

Seth Godin is one of my very favorite business authors. His first book, Permission Marketing (1999), helped me understand the importance of crafting messages that are anticipated, personal, and relevant. It shaped the way I think about the Internet as a communications medium.

Since that time, Seth has written many bestselling books on marketing, including The Purple Cow, Word of Mouth Marketing, and, his newest, Tribes. Each time he has challenged the status quo and turned conventional thinking on its head.

Thankfully, the election is over. We now have clarity about who is going to lead our country for the next four years. I have never personally witnessed such excitement and hopefulness following an election (though I acknowledge that not everyone shared that sentiment).

However, the problems still remain. The stock market fell precipitously yesterday. In fact, it was the biggest post-election decline in history. I am not sure that this is so much a response to President-Elect Obama as it is a reflection of the fact that the economic environment is still enormously turbulent.

A few weeks ago, we had Marcus Buckingham in to speak at our All Employee Meeting. He did a fantastic job. Because we are committed to building a strengths-based organization, we also gave a copy of his new book, The Truth About You, to each of our employees. I only wish someone had given me this message 30 years ago.

The Truth About You is a simple but amazing book. Well, it’s not exactly a book—it’s an experience. The package contains a DVD with a 24-minute film, an enhanced CD-ROM, an interactive book, and a ReMemo Pad.

A few months ago, we began an experiment. We offered a free book to anyone who agreed to post a 200-word review on their blog. We started with The Faith of Barack Obama by Stephen Mansfield. We had almost 200 people request books and almost 70% of them posted book reviews.

We were so pleased with the results, we decided to do it again. We offered Through the Storm by Lynne Spears. However, this time we required bloggers to post their review on Amazon in addition to their own site. We had slightly fewer requests and reviews, but we were still pleased with the results. Almost all the reviews were positive.

Last week we published Through the Storm by Lynne Spears, mother of Britney and Jamie Lynn. The book appeared in the Amazon top 100 bestsellers for most of last week.

As part of the launch, Lynne appeared on The Today Show, Entertainment Tonight, The Rachael Ray Show, ShowBiz Tonight, and Inside Edition.

A couple of weeks ago, I made an offer to bloggers. I told them that we would send them a free copy of The Faith of Barack Obama by Stephen Mansfield in exchange for their agreement to write a 200-word review of the book.

I did not require that the reviews be positive. My thinking is that any publicity would helpful, even if it is negative. Interestingly, nearly all of the reviews have been positive.

As you might imagine, I receive a lot of email from would-be authors who are trying to get published. Because I make my email address public, it’s pretty easy to get to me.

However, by the time I hear from people, they are usually frustrated. They can’t get anyone in the book publishing world to respond, and they are convinced that they have a killer-idea. “If only someone would just read my manuscript,†they plead.

Today is the official pub date for The Faith of Barack Obama by Stephen Mansfield. I am very excited about its publication. Of all the books about Obama that have been or will be published, this is the only one I know of that deals exclusively with his faith.

Two years ago, virtually no one outside of the state of Illinois had heard of him. Today, he is a household name, not only in America but around the world. Millions find him to be an inspirational and articulate leader—just what we need at this moment in history. Others find him calculating and dangerous—the same old liberalism in a different package.

The Evangelical Christian Publishers Association (ECPA) just announced that our Word of Promise audio bible won the “Book of the Year†award for 2008. Wayne Hastings, Senior Vice President and Group Publisher for our Bible & Reference Group, accepted the award at the Christian Book Awards, held in Orlando, Florida, at the International Christian Retail Show (ICRS).

The amazing thing is that it is the first time in the 30-year history of the award that it went to a non-book. Think about it. First, it’s an audio Bible, rather than a traditional print book. Second, it’s a Bible rather than a book. This is fascinating. What does it mean for the future of publishing?

Usually, Publishers Weekly (or “PW,†as industry insiders call it) gets it right. Through the years, they have been very good to Thomas Nelson and to me. But today, I think they missed the boat. In “The PW Morning Report,†they said:

The debate about the future of book publishing is largely focused on two questions: First, how will books be sold (bricks and mortar vs. the Internet)? And, second, how will the content be delivered (traditional bound books vs. digital)? Both of these issues are, of course, being driven by the new realities made possible via the Internet.

But I think something even more profound is happening. While the Internet is shaping how we read, it is also shaping how we think.

It’s been more than a year since I updated our list of the Top Ten Publishers in America. Because of some changes in the available point-of-sale data, we were not able to get create a reliable ranking. However, we have seen an improvement in recent months. It’s not perfect, but we do believe it represents the best data currently available.

These lists are based on revenues for the twelve months ending March 31, 2008. We created these lists from a proprietary database we have assembled at Thomas Nelson. It is based on various point-of-sale systems from multiple sales channels.

I hear publishers and booksellers complaining all the time about how bad the book publishing industry is. Gas prices are up. Retail traffic is down. Books are simply not moving. One pundit remarked, “Flat is the new up.†Evidently, Dwight Baker and his team at Baker Publishing Group didn’t get the memo.

For the fiscal year ending April 30, 2008, Baker reported sales up 16% to $57.9. Yes, they had a huge hit with 90 Minutes in Heaven, but, according to Dwight, their sales growth was “much more comprehensive†than this one title. In fact, the company experienced growth in all divisions: Revell was up 26%; Chosen, 25%; Baker Books, 15%; Baker Academic, 13%; Brazos, 10%, and Bethany House, 9%.

Today, Christian Retailing ran a story about Thomas Nelson pulling out of the International Christian Retail Show (i.e., “ICRS,†the show formerly known as “CBAâ€). The article was entitled, “Thomas Nelson: ICRS Pull Out.†Unfortunately, it is not available online, so I can't link to it.

For the most part, CR got the story right. However, there are two items I’d like to correct. Both of them are near the end of the article. The first item is a simple omission.   A few weeks ago, in response to our decision not to attend ICRS, CBA issued a press release. The last paragraph said,

My post, Too Many Books, Too Few Shelves, raised a lot of great questions about how we determine what we publish at Thomas Nelson. Therefore, I would like to address a persistent issue that was raised in the comments section of that post.

Let me say at the outset that I appreciate the robust dialog. It is very helpful to me, and I hope to other readers. Not only does it help me to clarify my position, but it may actually help shape my position. My thinking is not static, and neither is our strategy. It is a “work in progress.â€

If we can’t stop the presses, we should at least slow them down. U.S. publishers produced almost 300,000 new titles last year, a number that Sara Nelson of Publishers Weekly referred to as “a ridiculous number.â€

With bookstore sales rising a modest 3.6% in the last five years, we have more and more books competing for what amounts to the same exact shelf space. Clearly, something is wrong.

Today, we announced that we will no longer be participating in the two major trade shows in our industry: Book Expo America (BEA) or the International Christian Retail Show (ICRS). As I said in our press release, we have been discussing this move for some time. In fact, it’s a conversation we have had every year since I have been at Nelson (ten years).

But the current economic downturn is forcing us to re-evaluate every marketing dollar we spend. This is not the reason for our shift in strategy, but it is the catalyst. The reality is that these trade shows provide very little return to us on a hugely significant investment.

The Little Blue Book Series

Our company has a long and fascinating history. The story begins in Scotland with the birth of Thomas Neilson (sic) in 1780. Though his parents were farmers, he developed an interest in printing, the most high-tech industry of the 18th century. As a result, his parents sent him to London to become an apprentice in a print shop on Paternoster Row, which was kind of the Silicon Valley of the Day.

In 1798, at the tender age of 18, Neilson started a second-hand bookstore in Edinburgh, Scotland. The store was located at 7 West Bow Street. The store did quite well, but in the early 1800s, he decided to branch out. He began to realize there was a market for inexpensive editions of public domain books. So, in 1818, he began reprinting the classics. He also legally changed the spelling of his name to “Nelson.â€

The Amazon Kindle has sparked (pun intended) a great deal of debate. It seems that people either love it or hate it. Me? I’m probably somewhere in the middle. Despite its obvious shortcomings, I think it’s a giant step forward, and I want to see it succeed.

But I think the device has a ways to go before it creates the kind of seismic shift that the iPod created in the music world. In order for an eBook to succeed, it must incorporate four essential components. I have listed these in priority order.

It seems that my post on Why Traditional Books Will Eventually Die has sparked a good deal of debate. So far, it has generated more than 40 comments and a number of email messages.

Christian Retailing even has an article coming in its January issue. It is entitled, “Nelson head predicts ‘death of traditional book’.†You can read it online here.

Aspiring authors routinely ask me to recommend an agent. This is more difficult than you might think. For starters, we work with numerous agents and enjoy good relationships with all of them.

Second, it’s often just as difficult to find an agent as a publisher. Many agents are not accepting clients. However, if your project is good and you are persistent, you will eventually find one.

The Amazon Kindle is not the ultimate eBook reader, but it is a giant step in the right direction. After using one heavily over the last 24 hours, I have found much that I like, things I don’t like, and a clearer vision for what the next eBook device should include.

Interestingly, most of the people complaining about the Kindle have not even tried it. It is almost as if the mere existence of the device—and it’s possible impact on traditional books—affects them in some strange, primal way.

The book, as we know it today, will eventually die. It won’t happen all at once. And it won’t happen immediately. But, in my opinion, it is inevitable. Why? One word: efficiency.

The essence of technology is that it makes things more and more efficient. It automates processes—or completely eliminates them. As it does so, it takes costs out of the system. Once it is unleashed, it generally can’t be stopped.

Since I wrote my initial post last night, Amazon’s Kindle page has gone live. If you don’t do anything else, go to the page and watch the basic intro video. (If you scroll down, you’ll see a larger version of the intro video.) It looks even more interesting than I thought. It has certainly come a long way since I first saw the device 18 months ago.

As of today, Thomas Nelson has 668 titles available for Kindle download. Bob Edington, our VP of Internet Sales, tells me that many, many more are on their way. (Evidently, Amazon is trying to catch up with the backlog.) Just to put this into perspective, Zondervan, the second largest publisher in our space, has 53 titles. Tyndale, the third largest publisher in our space, has 57.

According to a new Newsweek report, entitled The Future of Reading, Amazon will introduce a device this week that could usher in the long-awaited ebook revolution. It is called the Amazon Kindle, named to evoke the crackling ignition of knowledge.

According to Amazon CEO Jeff Bezos (pictured above),

I have worked at Thomas Nelson for almost ten years. The most books we’ve ever had on the New York Times bestsellers list at one time is three. That was more than two years ago.

Yesterday, we were notified by the Times that we will have five books on the October 21, 2007 list. This is a new record for our company. These include:

We just announced today that the quarter ending September 30 was the largest in our 209-year history. Net revenues were up 10% for the quarter and 10% for the first six months of its fiscal year. (Our fiscal year runs from April 1 to March 31.) EBITDA was up 10% for the quarter and 18% fiscal year-to-date.

Our publishing segment has been especially sucessful this year. It was up 12% for the six months ending September 30. I believe this is the direct result of our One Company initiative. This initiative has afforded us the focus we needed to create products that are relevant to consumers.

For the past several months, booksellers have been complaining about slow retail traffic. Publishers have complained, too, of course. But not all retail stores are experiencing this problem. Some are thriving.

Last night, I got a taste of this. While on the road, I visited the Apple Store inside the South Coast Mall in Costa Mesa, California. It was about 7:30 p.m. When I entered the mall, it seemed very quiet—almost deserted. Until I got to the Apple Store.

For the past few days, I have been reflecting on a few very different retail experiences. I think I have discovered at least one way for bookstores to increase their sales. In a word, it is by eliminating friction. Let me explain.

On Thursday I decided to go on a bookstore “field trip.†I visited two major chain stores. I wanted to see what was new and how our books (those published by Thomas Nelson) were positioned.

Currently, Amazon.com has a big competitive advantage compared to brick-and-mortar bookstores. In a word, that advantage is selection. Retail bookstores carry 5,000 to 150,000 book titles, depending on the size of the store, retail strategy, and available working capital. As “the Earth’s largest bookstore,†Amazon.com carries millions.

This makes it difficult for even the biggest bookstores to compete on selection. People get tired of making a trip to the store only to discover the title is out-of-stock. But that may soon change.

The book publishing market is tough right now. Earlier this week, Publishers Weekly reported that: