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More
booksellers are turning to
publishing, says an article
in the June 5, 2006
Publishers Weekly. It
seems some independent
bookstores are installing
instabook machines so they
can produce Print on Demand
(POD) books right in the
store. They're catering to
customers who write local
histories, genealogies,
memoirs, coursepacks,
dissertations, poetry, etc.
So far those climbing on
this bandwagon are all in
the East: Book Ends in
Ridgewood, NJ; The Bookloft
in Great Barrington, MA; and
the Book House in Albany,
NY.
The
ratio of customers to
bookstores is highest in
Nevada, Texas, and
Mississippi.
Many famous authors and
their books were rejected
multiple times. Publishers
turned down Richard Bach’s
Johnathan Livingston
Seagull no less than
140 times; Margaret
Mitchell’s Gone With the
Wind received 38
“no’s,” while Stephen King’s
Carrie was turned
down 30 times. J. K.
Rowling’s original work was
turned down by 12
publishers...guess who’s
kicking themselves now that
they passed on Harry
Potter? And E. E.
Cummings first work —
The Enormous Room, now
considered a masterpiece —
was ultimately
self-published...and
dedicated to the 15
publishers who rejected it.
What element of a book is
the most important?
Seventy-five percent of 300
booksellers surveyed (half
from independent bookstores
and half from chains)
identified the look and
design of the book cover as
the most important
component. They agreed that
the jacket is prime real
estate for promoting a book.
Speaking of promoting, niche
magazines, which focus on a
single topic, are becoming
increasingly popular. This
trend to specialization —
everything from magazines on
poker playing to horse
people, from interior design
and decor to wedding titles,
from dog magazines to golf
periodicals — provide
targeted opportunities for
promoting books on these
topics.
It is
good that these fragmented
magazines exist. Book review
column inches in newspapers
have dropped by 20 to 50%.
Over 195,000 new titles are
published each year in this
country.
Romance fiction is
responsible for 48% of all
paperbacks sold, bringing in
$1.41 billion a year.
There are 5 colossal
publishing conglomerates
that control 80% of book
sales. They are:
Bertlesman (Random House),
Time Warner, Rupert
Murdoch's News Corp, Disney,
and Viacom/CBS. Four of
these are foreign owned.
They won't take on a title
unless it will sell at least
50,000 copies.
Some 300 to 400 mid-sized
publishers exist.
78% of titles brought out
come from a small press or
self-publisher.
California is the stronghold
of small presses with
approximately six times the
number located elsewhere.
Colorado and Minnesota also
have large independent and
self-publishing communities.
On the average a bookstore
browser will spend eight
seconds looking at the front
cover and 15 seconds
scanning the back cover.
The size of the small press
movement is estimated to be
$13 billion to $17 billion a
year, as opposed to trade
publishers who are
responsible for bringing in
$26 billion.
Nonfiction typically
outsells fiction by two to
one. However, at least 20%
more fiction is being
published these days via the
Internet and (POD) Print on
Demand.
Approximately 85 different
nonexclusive distributors
will work with small
publishers. They typically
expect a 55% discount off
the retail price - This is
the regular discount for
books and is the standard in
the industry. Books without
this discount will have the
hardest time find
distribution through retail
store.
Today there are
approximately 80,000
publishers. In 2003, there
were about 56,000
publishers; compare that to
12,000 in 1980.
Women buy 68% of all books
sold.
52% of all books are not
sold in bookstores! They are
merchandised via mail order,
online, in discount or
warehouse stores, through
book clubs, in
nontraditional retail
outlets, etc.
Bookstores are famous for
returning books to
publishers. The industry
return rate is typically 36%
for hardcovers and 25% for
softcovers.
It
takes an average of 475
hours to write a novel.
Fiction is considered
successful if it sells 5,000
copies. Writing a nonfiction
book requires about 725
hours. A nonfiction book is
deemed successful when it
reaches 7,500 copies sold.
The
largest advance ever paid
for a self published book? A
whopping $4.125 million.
Simon & Schuster paid that
for Richard Paul Evans'
The Christmas Box.
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