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A Publishers' Conversation with Authors: Is Amazon putting bookstores out of business? Understanding the Right of Return Model of Book Selling

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  It is Tuesday. Time to tall turkey. Monday's madness is over, and Wednesday will take us over the hump, so Tuesday it is--for some serious discussion with authors. Tuesday talks mean to address authors in waiting and self-published authors who would like to go a more traditional route or who would What at least like to take their steps with a publisher by their side. Today's topic arises from a discussion last week with an author whose cost of book returns brought an otherwise successful book into the negative net income (i.e.) loss realm. Our conversation revolved around several questions that arose from her discussions with her local bookstore.  Why/how do returned books create loss for an otherwise successful book? A large number of returns can eradicate all profit from the book sale and put the book into the loss column on a P&L statement: print costs will not have been recoupled; additional books have now been returned to the publisher's inventory, books that wer

A Publisher's Conversation with Authors: Don't Let Book Success Bankrupt You, Negotiate!

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  It is Tuesday. Monday's madness is over, and Wednesday will take us over the hump, so Tuesday it is--for some serious discussion with authors. Tuesday talks mean to address authors in waiting and self-published authors who would like to go a more traditional route or who would at least like to take their steps with a publisher by their side.  This week's conversation addresses a thorny and frustrating issue--the finances of book sales, especially books that, in general, sell well. (We are not talking about authors who take thousands from savings to plaster information about their books everywhere or buy their own copies to try to get onto a bestseller list. Rather, we are talking about the average author, who simply desires to get the word out and the sales in.) Nearly all authors intently want to see their book in every bookstore they walk into -- and every one they don't. They don't realize three important things that can destroy their life if they actually get thei

A Publisher's Conversation with Authors: Hard Truths about Getting People to Buy Your Book

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It is Tuesday. Time to tall turkey. Monday's madness is over, and Wednesday will take us over the hump, so Tuesday it is--for some serious discussion with authors. Tuesday talks mean to address authors in waiting and self-published authors who would like to go a more traditional route or who would at least like to take their steps with a publisher by their side. Today's topic addresses how authors can sell their books. After all, it makes no sense to put all the effort into writing a book, self-publishing it or getting it published, and then having it sit on a shelf for ever, with no opportunity for it to share its message. Unfortunately, many, if not most new authors, in our experience, never think beyond the day their book appears in print (or, in some cases, beyond their first month of book launch activities). They assume that, of course, they did the work of writing the book, and the publisher will do the work of marketing the book. It does not work that way, and marketing

A Publisher's Conversation with Authors: Advertising

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It is Tuesday. Monday's madness is over, and Wednesday will take us over the hump, so Tuesday it is--for some serious discussion with authors. Tuesday talks mean to address authors in waiting and self-published authors who would like to go a more traditional route or who would at least like to take their steps with a publisher by their side. Today's topic is about the role of advertising in marketing -- and how it is changing (or has changed). Is it cost-effective? Should you include it in your marketing efforts? Read on. Current facts about advertising: 1.       The cost of advertising has gone up (along with the cost of printing, shipping, etc.), but retail prices have not gone up a parallel amount, so it is a bigger stretch to get good return on investment. 2.       Readers seem to be reading less print media, and some print advertisers have turned to e-blasts instead of print mail and to online sales sites instead of catalogues.  3.       More and more, readers can—and want

A Publisher's Conversations with Authors: Book Launches

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(photo by Frank Perez) It is Tuesday. Time to tall turkey. Monday's madness is over, and Wednesday will take us over the hump, so Tuesday it is--for some serious discussion with authors. Tuesday talks mean to address authors in waiting and self-published authors who would like to go a more traditional route or who would at least like to take their steps with a publisher by their side. Today's topic is about book launches. A book launch, planned and carried out well, is a great opportunity to introduce and market your book to a large number of people. So, what are the ways books can be launched? What is the best way to launch a book? What are the benefits and risks of various kinds of book launches? So, let's take each question separately. What are the ways in which you can launch your book? A typical launch for a high-powered author is a tour of bookstore signings; a typical launch for a low-powered author is a book signings at one, perhaps two, local bookstores.  High-powe