"Bookish" just another crazy idea from drowning publishers?

The problem for the largest book publishers is that their control over the book market is waning. If predictions are correct, and the book industry follows the music industry, pretty soon it will be nearly impossible to find a full-service bookstore with a deep selection. A decade ago there used to be record stores with thousands of recordings to peruse. But those days are over. Long gone are major chains like Sam Goody and Tower Records. In their place are online sellers like Amazon and digital download applications like iTunes.

As a result the major book publishers are scared. Borders Books has declared bankruptcy, can Barnes and Noble be far behind? Not to mention the local independent bookseller.

Their solution, coming this summer, is Bookish. A place where book publishers, authors and readers can get together. On its surface, it would seem to be a good idea. But is it?




So far there are three major publishers involved: Simon and Schuster, Penguin Group and Hachette Book Group (Random House). They have not indicated whether the website will be open to all publishers, large and small, or just the major publishers. If they open the site to every publisher and it is well organized and easy to navigate—and fair to all—it could just work. But can a tiger change its stripes? The large multinational publishers have not demonstrated any inclination to work with others over the years. In fact, they have done their best to intentionally keep the playing field anything but level.

Going back to the music business. At one time, there were a handful of major record labels who controlled the sales and distribution of records. As a result they could pick which artists the public listened to and which records were purchased. But that all changed with the dawning of the Internet age and with it the ability for musicians to reach the public directly. The music business changed and the major record labels were left behind.

Will what happened to the major record labels happen to the large book publishers?

The very thought is keeping big publishers awake at night.

But, how do the major publishers suddenly begin cooperating when they have fought, tooth and nail, for so long to keep their grip over the distribution and sale of books? And do they allow other lesser-known small publishers a seat at the table when they have been instrumental in keeping they out of many of the markets?

What will happen with this latest initiative is unknown. But unless they open it up for all publishers and all authors, it will just be one more lame attempt at protecting something that will surely slip out of their grasp anyway.

Selling Books is Hard Work!

An entire generation of authors have dreamed of one day sitting on Oprah's couch and talking about their book. Well forgetaboutit! Oprah's pulling up stakes, moving to LA and starting her OWN network. The couch will soon be gathering dust at the Smithsonian or in a warehouse somewhere.

Authors have long thought that bookstores are where their books will sell. Nothing could be further from the truth. Yes, certain books sell in bookstores (or in the book department of a megastore like Walmart or Target). But the books that sell in the conventional bookstore (or book department) are mostly bestsellers by well-known authors. These are not venues where lesser-known books sell.

Why?

Because for a book to sell people have to know about it. They are not going to find it in a bookstore if they are not looking for it. And the bookseller is not going to place a stack of your books on the front display unless your book is well-known.

So how ARE most books sold?

The most successful authors are themselves visible to the public in one way or another.

Successful authors appear at events, give talks, hold signings and are active on the Internet.

By doing so, an author begins to establish their public identity or platform. They also begin to attract a following.

What might an author's platform look like?

Let's say you have written a book about cycling in out of the way places (my obsession) and have titled your book, The Long and Winding Road (with apologies to The Beatles).

To establish your platform to support your book you might do the following:

• write a daily blog about your biking experiences
• talk to a local bike shop about giving a talk to riding clubs
• locate events where bike enthusiast's gather and contact the organizers about speaking opportunities
• submit articles to cycling publications
• make sure the content of your book is easily searchable on search engines
• contribute articles to cycling websites

Key to your success will be getting in front of people who are as excited about the topic of your book as you are. It makes sense when you think about it. 

What books do you buy? 

I'm sure you only purchase books that are of interest to you. If your book is about knitting find venues where those interested in knitting go. Since I have no interest in knitting, myself, any efforts spent on me are wasted. To sell a book on knitting one might better spend their time and energy on those who are feverishly excited about the topic. 

As your public profile grows in your topic area, so will your book sales. 

While it may seem like hard work, if it is time spent with people who are interested in the same things as you—then it is more joy than work.

Borders Books takeover bid for Barnes and Noble

Yesterday the book industry was met with the astounding news that the number two bookseller, Borders, was bidding for ownership of industry leader, Barnes and Noble. On the news B&N shares shot up nearly 20 percent as investors weighed in on the proposal.

Why would the two largest book chains merge?

First, sales of physical books sold in conventional stores have been falling. This is because online sellers like Amazon.com have been grabbing huge chunks of book sales and major retailers, such as Walmart and Target, have been selling large numbers of bestselling book titles at discounted prices. Add to this the growing number of electronic (e-book) book sales To put it mildly, this has caused a perfect storm for traditional brick n' mortar booksellers who have always prided themselves as the place to go to find books. Now, more and more, the least profitable part of their business is book sales with more profits coming from their in-store coffeehouse along with ancillary sales coming from gift items and greeting cards.

If this deal goes through it will be reminiscent of the merger of K-Mart and Sears over six years ago as orchestrated by real estate investor Edward Lambert.

Depending on whether you were a customer or investor, the results of that merger could be telling when it comes to the proposed Borders - Barnes and Noble deal. In the Sears - K-Mart merger, operations were consolidated in the Sears headquarters in suburban Chicago and the corporate offices of K-Mart in Michigan were shuttered. They then changed the name to Sears Holdings to reflect the ownership of its real estate. To Ed Lambert the Sears - K-Mart deal was all about leveraging their properties by closing underperforming stores then selling the property. This drove the stock price up and satisfied most investors.

On the other hand, the surviving physical stores operating under the Sears and K-Mart names continued to languish right up until today with their stores continuing to lose any competitive advantages. Other than hard goods lines like Craftsman and Kenmore, there are few reasons to shop one of their stores.

If a Borders - Barnes and Noble merger result in similar results, over time there will be fewer bookstores filled with fewer book titles. Some have imagined their bookstore of the future consisting of a cafe, gifts, periodicals and a small number of books. Rather than look through stacks of books customers will instead be ushered to download stations where they would be able to purchase e-books while sipping on a cup of coffee.

Stores would be half the size of today with fewer employees.

However that would be a short term situation as other big box chains such as Walmart and Target add their own download stations.

That could force the Borders - Barnes and Noble stores to downsize once more resulting in a Panera Bread style cafe with gifts and book downloads.

Whatever happens, for some time it has been speculated that the end of the conventional bookstore was on the horizon. All of which has been hastened by the technology that has led to eBooks and eBook readers.