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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 pooh poohed 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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