Michael N. Marcus discusses writing, editing, publishing and sometimes other things. He often draws attention to inept publishers and writers. It's his duty and his compulsion. It's important and often funny. If you present work to the public, you must be able to withstand criticism. If your feelings get hurt easily, keep your work private. When you seek praise, you risk derision. In publishing, either produce pro-quality work by yourself or get help from qualified professionals.
Monday, June 14, 2010
Why should I bother?
An independent bookstore has a consignment program intended to allow the store "to carry and feature a much wider variety of self-published and print on demand titles than we could through traditional purchasing."
They want an initial shipment of five books, and after sale will pay 60% of the cover price. There is also a $25 administrative fee. At the end of the one-year consignment period, they will return unsold books (unless the contract is re-signed). Damaged or stolen items are the sole financial responsibility of the publisher. The publisher's website must include a link to the bookstore's website.
Some numbers to consider:
A book costs me $4 to print (at Lightning Source). It costs me $12 to ship five of them to the bookstore, for a total cost of $32 for the five books. The book has a cover price of $15.95. If the five books sell, the store collects $79.75 and I collect 60%, or $47.85. The $25 administrative fee lowers the gross revenue on the five books to $22.85. When I deduct the $32 cost of printing and shipping, I'm $9.15 in the hole.
For comparison, if Amazon or Barnes & Noble sells the books, I collect 80% of $79.75, which is $63.80. If I deduct the cost of printing and shipping five books ($20), I make a profit of $43.80. That won't make me rich, but it's better than a $9.15 loss.
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It's the lure of being in bookstores that drives deals like this. The newbies on the Createspace boards talk about this constantly. It's an illusion-- there's no money in it, but they want to see their books on bookstore shelves; it's pure vanity.
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