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Helping to Change the World Word by Word

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Home » Book Business » Page 8

Book Business

The Mystery of Book Data

By Dan Balowon August 25, 2022
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The book-publishing market has an element of mystery to it, and not only in the category of books called mysteries.

Many things are not as scientific as you might think.

Prominent book-bestseller lists are based on data from a sampling of booksellers, rather than comprehensive information outputs from all channels.

Industry-status reports from publishing trade associations use a similar sampling approach and not a comprehensive list of all data. Industry trends are estimates.

Over the last couple of decades, more and more publishers rely on Bookscan data as a source of information to make decisions. Now owned by the global company NPD, headquartered in Port Washington, New York, they provide weekly data updates from a broad spectrum of bookselling channels. Access is by paid subscription only, but many free reports and insights are distributed regularly. Click here.

Still, only the author and their publisher really know how many copies of a book sold. Author purchases are only tracked by the author and publisher. The same applies to sales to organizations and most international exports.

This is why every sales milestone (“100,000 Sold!”) for a book is really based on taking the author or publisher’s word for it. A book that sells 100,000 copies might actually be a combination of physical books, digital copies, export sales, audio downloads, nonretail sales, and author purchases.

Even the number of books published every year across the country and world are educated guesses. The closest estimates are usually gathered by counting ISBNs used from R.R. Bowker, the private company that is the official source of ISBNs for publishing in the US.

Compared to many other businesses or industries, some of the transparent data on books is a relatively new thing. A couple of decades ago, it was far more mysterious than it is today. But still, there are significant areas of publishing that remain hidden from the public. Hence, once again, only a publisher and author know how many copies a book actually sold.

A book published by any type of organization for their constituency will never find itself on a bestseller list but might sell substantial quantities.

Purchases by the author will never be reported to the media or the data-tracking services like Bookscan.

Years ago, a large church that had a bookstore began reporting its sales data to bestseller lists. Since most all of the sales of the pastor’s books were in one store, it was considered ineligible for reporting on national bestseller lists, even though the sales volume would have been sufficient to make a good showing.

National bestseller lists are national bestsellers, meaning sales must be broad and not in one or only a few locales, so the pastor’s books were excluded. It’s one of the many reasons bestseller lists have editors, ensuring the list portrays helpful information, reflecting trends in book buying.

Publishing used to be substantially more intuitive than it is today. These days, the data available to publishers and authors combines with intuition to make more informed and better decisions.

At least that’s the theory!

 

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Category: Book Business, Technology, The Publishing Life

When the Economic News Is Dire

By Steve Laubeon July 11, 2022
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Lately everyone seems to be talking about the economy (and not the pandemic). Inflation, the price of gas, supply-chain issues, a bear stock market, rent rates, health-care costs, unemployment, housing, etc. A common question within the writing community is how might this affect traditional publishing? I have a couple pennies to contribute to the conversation. (My two cents, which, due to …

Read moreWhen the Economic News Is Dire
Category: Book Business, Publishing News, The Publishing Life, The Writing Life

Could You Translate Please?

By Dan Balowon June 2, 2022
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What many U.S. Christian authors write about today has little or no application outside of the U.S. It’s why the majority of Christian books are not exported or translated into other languages. Most often it is not the theology holding it back, but the theme of the book. A simple example would be homeschooling. It is illegal in quite a few countries of the world. (Germany, Sweden, and many other …

Read moreCould You Translate Please?
Category: Book Business, The Publishing Life, The Writing Life

The Way Publishing Never Was

By Dan Balowon April 21, 2022
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In 1999, the book The Way Things Never Were: The Truth About the “Good Old Days” by Norman Finkelstein was published. I have a copy. My family grew weary of me referring to it in every conversation twenty years ago, so there it sits on the shelf. It is less than 100 pages, with plenty of pictures, so no one has the excuse that it is too long and complicated to read. Chapter titles …

Read moreThe Way Publishing Never Was
Category: Book Business, Career, Publishing History

A Is for Agent

By Steve Laubeon March 14, 2022
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by Steve Laube

I thought it might be fun to write a series that addresses some of the basic terms that define our industry. The perfect place to start, of course, is the letter "A." And even better to start with the word "Agent."

If you are a writer, you've got it easy. When you say you are a writer your audience lights up because they know what that means. (Their perception is that you …

Read moreA Is for Agent
Category: Agents, Book Business, Book Business, Career, Creativity, E-Books, Legal Issues, Publishing A-Z, Writing CraftTag: Agent, Book Business, publishing

Amazon Closes Physical Bookstores

By Steve Laubeon March 7, 2022
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In case you missed the news last Wednesday, Amazon announced that they are closing their 24 physical bookstores in the US. In addition, they are closing 44 other popup stores and 4-Star locations, which are not bookstores. (Thus the number 68 that you may have heard cited.) They first opened a physical bookstore over six years ago in Seattle. Their list of locations in 12 states and D.C. can be …

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Category: Book Business

D Is for Dispute Resolution

By Steve Laubeon February 21, 2022
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by Steve Laube

Pray that it never happens to you. But if there is a situation where you find yourself in a legal battle with your publisher regarding your book contract there are terms that will dictate how that disagreement is handled.

Here is one version from an old contract:
Any claim or dispute arising from or related to this Agreement shall be settled by mediation and, if …

Read moreD Is for Dispute Resolution
Category: Book Business, Contracts, Publishing A-ZTag: Book Business, Contracts, Disputes

Watch the Jargon

By Dan Balowon February 17, 2022
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In early 2018, a corporate consulting firm, Grant Thornton, did a detailed analysis of Fortune 500 company websites, press releases, and social media. What they found was not surprising, but still proved how the use of business jargon (commonly used phrases) pervades the corporate world. What was the most commonly used phrase by Fortune 500 companies? “Best in class” Rounding out the top ten most …

Read moreWatch the Jargon
Category: Book Business, Book Proposals, Branding, Marketing, Pitch, Pitching, The Writing Life

The Grand Canyon of Crossover Writing

By Dan Balowon January 27, 2022
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A number of Christian writers desire to write a book published by a large publisher focused beyond the Christian market. The motivation and focus are well-intentioned, amplifying a Christian message to the larger world. But while the author has this desire to reach a broader audience with a message of hope, companies that publish to the general population have an entirely different agenda, which …

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Category: Book Business, Marketing, The Publishing Life

It Was a Year

By Bob Hostetleron January 13, 2022
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You thought everything would be “normal” by now, didn’t you? There’s a scene in the Mel Brooks classic film Young Frankenstein, in which Dr. Frankenstein (“Fronk-en-shteen”) discovers the brain his assistant supplied for the doctor’s grand experiment came from “Abby Someone.” “Abby who?” the doctor asks. “Abby … Normal,” comes the answer. That’s where we are, living in “Abby Normal” times. In …

Read moreIt Was a Year
Category: Book Business, Personal
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