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Archive for the ‘Retail’ Category

The Business of Creativity

Friday, January 1st, 2010

After a long Christmas break, I’m starting to think about my next steps in marketing the book. A large order from one of my retailers has forced me to look at my supplies and printing plans earlier than I’d intended, and that situation has a number of side-issues tied to it:

  • I need to maintain a stock of books for the fulfilment of web and direct sales.
  • I need to maintain a separate stock of books for potential retailers, as the last thing I want to happen is for a new retailer to place an order and not be able to satisfy it.
  • One goal for the next few weeks is to submit review copies to local publications; I wouldn’t do that if I didn’t think I was going to generate sales off the back of the reviews (thinking positive…) so I have to keep a stock of books for any sales spikes reviews cause.
  • I’m going to contact a larger retailer who may require ISBN barcodes printing on the books. A block of ISBNs takes at least two weeks to order, then I need to amend the artwork before resubmitting to the printers. I really want to avoid using ISBNs, but this is potentially a big retailer.

It all comes down to timing – making decisions and taking steps in the right order to make sure new print runs arrive just in time to avoid both running out of stock and having to sit on a new shipment (and invoice) for longer than necessary.

That second part is the main problem I’m facing as try to plan this out; even though the first print run has broken even, I’m not significantly into profit yet, certainly not to the extent that I can fund a second printing from the profits from the first. On paper, I’m in the same position I was when I started: I have to pay for the books up front. The issue this time is I don’t have a large number of pre-orders to satisfy, so I’m ordering the full print run with no guaranteed sales. It’s more risk this time, but I knew this point would come, and I’m committed to seeing it through.

So that’s where I am, and the tasks ahead of me. I know I can work through this transition by focussing on one thing at a time within the framework of the broader plan, and by working efficiently, but that doesn’t solve the other problem I’m facing: I need to start the next book.

I know that by deciding to self-publish, I’d always be fighting to balance the business with the creative process of writing, and I hope that the successes (or failures) of one endeavour will inspire the other, but it could go horribly wrong. I guess that’s why, traditionally, authors have a marketing team working for them while they write. Whether I ever land a book deal or not, it seems those days are over, so my only choice is keep working, keep generating ideas in both areas, and keep having fun.

2010 is going to be a busy year.

Selling to the Sellers

Sunday, December 20th, 2009

Direct sales to friends/family coupled with online ordering is a decent way to start selling books, but to reach that elusive, lucrative market of “people who’ve never heard of you”, you need to seek out other channels. Amazon Marketplace and eBay are two options, but I don’t believe your book is ever going to be the subject of an impulse buy; for that, you need a brick-and-morter store. There are still independent stores in the UK that will stock indie books (notice I didn’t say bookstores – you need to think outside that box) and even some chains (I’m working on a deal with a larger chain right now, and will report back once I have some news). Getting your book into a store means talking to the owner/manager, and that can be an uncomfortable experience for some people, particularly writers who are just emerging into the daylight with their newly printed book. Knowledge helps calm those nerves – knowing the realities of the retail process before you stat talking frees you to worry about making a good impression. Not everyone has a friend like the awesome Haroon Mushtaq (@theanonwonder) to educate them in the ways of book retail and distribution, so I’m sharing his advice – and the knowledge I’ve gained following his advice – here:

  • Retailers will only take your books on sale-or-return terms. This means you give them X books, and sign a pro forma contract that says in Y months, they owe you X books, or the selling price of your book for each book they’ve sold minus their cut. If no books sell, the retailer doesn’t lose anything other than the shelf space the book was occupying, and you get the books back. This is why you deal with indies and small chains; do you have the cash to ship 1000, or 10,000 or even 100 books to Waterstones with no guarantee you’ll see any return? Do you have the room to store 1000 returned books? I know how much room 100 books takes up – believe me when I say you don’t have room for 1000.
  • Retailers take a cut based on a percentage of the cover price. This is typically 35%. I don’t want to say it’s always 35%, but I’ve not met anyone asking for more or less, so I’m assuming it’s always. I’ve also never felt the need to haggle on that deal; as far as I’m concerned, it’s fair.
  • Retailers will take a quantity of your books based on their opinion of how well it will sell to their customers. They know their customers better than you – it’s their job to know – so you have to accept their appraisal of the marketability of your book. You don’t need to pitch the book like you would to an agent/publisher, but they’ll want to know the setting/target market to get a feel for whether it fits their customer type. As an extreme example, you probably wouldn’t be able to get erotica into a children’s book shop (unless as part of an elaborate and tasteless practical joke).
  • The above point doesn’t mean that you should accept a retailer’s assessment without question; catch someone on a bad day, and they might view your book in an overly negative light. If you truly believe your book could find a market in their shop, ask if they’ll take a single copy and gauge interest based on that. Your book might tap into a market they’ve not found yet. As with all things, however, no means no, so don’t be pushy.
  • Your book has to be able to stand on the shelves next to its mainstream brethren without looking like a dog chewed it. It has to be a quality publication.
  • The retailer hasn’t the time or inclination to read your book, so needs to make a gut call on whether it’s a) any good, and b) well-edited and proofed. Their only way to do this is to look at how you present yourself, and infer the attention to detail you’ve paid the book from that. You don’t have to wear a dinner jacket and top hat; just be yourself, but make sure it’s a clean, tidy, laundered and polite version of yourself. Oh, and I know this seems obvious, but take a copy of the real, printed book along; no one is going to make a call based on a copy of the manuscript, nor on your word that the book is awesome.
  • Get business cards printed, and make sure you have some with you. The retailer needs to be able to contact you to re-order or to return the books, so make it easy for them. Also, when choosing your design, don’t go for glossy cards, or those new “tiny” cards that are the fashion; the one thing most people do with business cards is write on them, so make that possible.

And that’s it. I’ve been following this advice for a couple of weeks now, and have placed the book in three of the five stores I’ve tried (with a couple more in-progress). The two who didn’t take it thought it wouldn’t sell to their market, which is fair enough, and brings me to my final point; the relationship between a writer and direct retailers is more like a partnership than a buyer-seller arrangement. Placing a book in the wrong store hurts the retailer as well as yourself; find the right store and everyone gets paid. Be polite, but remember that you’re in a position to make them money if your book is good and you work hard to market it. You’re offering them a business deal as an equal, so enjoy the encounter, meet someone new, and do some good business.