How Bookstores Work
September 21, 2011
Just read a fascinating article, titled, “Books Are Sold on Consignment” Written by Rick Frishman in the Book Business section of Cathy Stucker’s SellingBooks.com.
This is one of my favorite self-publishing sites, and a must-follow for anyone who’s interested in writing, publishing, and marketing thier own books and/or ebooks.
Here’s a peek:
If the bookstore sells them – the publishing house get paid money. If the bookstore doesn’t sell them – they can return all the books. It is ok to hold the books for several months and then send them back.
Archaic? You bet. And still, the vast majority of New York houses embrace the model; and authors scramble to enter into these medieval contracts for the “prestige” of being “under contract.”
Ouch! Read the rest here.
For a more in-depth look at the publishing industry, see my post, “The Naked Truth about Book Publishing“.
