Obama and Publisher Make News in Self-Publishing

Denver saw the Democratic Nation Convention come and go last week, with several exciting events that many were fortunate to be a part of – some planned and others much more unexpected. One of those unanticipated occurrences transpired into what has become an interesting development in the self-publishing book world.

 

Author Robert Kuttner’s recently released book entitled, “Obama’s Challenge,” published by a small, liberal east coast publishing house were distributed across Denver throughout the week of the DNC.

 

In an decision that sparked almost immediate news, the book’s publisher also handed out coupons that can be redeemed through an established on-demand book seller.  The company’s president explained the decision by stating, “This is about a publisher’s commitment to its author to get one of a very few pro-Obama books out into the marketplace in the shortest amount of time.” 


It may come as no surprise that the decision invoked friction from several independent brick and mortar stores, along with traditional powerhouse, Barnes & Noble, who, following the event, decided to stock the book exclusively online—most likely a decision to compete with the consumer convenience of instant, on-demand fulfillment through virtual retailers.

 

Barnes & Noble’s reaction comes at time when book sales are moving in the direction of increasingly popular online storefronts like Amazon, where a large portion of self-published books are experiencing growing success.

 

An exciting, portending event for the authors everywhere, especially self-publishing authors.

 

Have fun. Keep writing.

 

Sincerely,

Karl Schroeder 

More Pricing information for the self-publishing author

We recently discussed the importance of book pricing in self-publishing. Let’s now take a closer look at trade discount. What is it and what should you know about it?

Trade discount is the percentage of your retail price that you offer to the publishing trade for distributing your book to retailers. The “publishing trade” consists of wholesalers, distributors, and retailers. Instead, everyone involved with your book after the publisher all the way to the reader falls into the “publishing trade” circle, and they all take a piece of the trade discount.

Obviously, the larger the trade discount, the more money there is to split up among the parties involved. Standard trade discounts have ranged from 50% – 70%.

Most publishing companies do not offer any information about their trade discounting policies up-front, nor do they give the author any say in the matter. Ask your publisher. And make sure you to keep 100% of your profits.

Depending on your distribution goals, look for the flexibility to establish a trade discount from 0% – 55%. A 55% trade discount will generally result in an industry standard 40% retail margin, which is what a typical book retailer seeks when considering whether or not to order a book. So in addition to availability on Amazon.com, Barnes & Noble’s, and Borders websites, among other online sales channels, your book can be published at the retail margin that bookstores and chains are looking for.

Have fun and keep writing!

Karl Schroeder