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Special Sales: Divide and Conquer
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The term special sales is commonly used to represent revenue opportunities
outside of bookstores. Tales of corporations buying hundreds of thousands of
books whet our appetites and generate visions of grandeur. However, after
spending fruitless months or years contacting corporations, most independent
publishers learn that these visions can be mirages.
This doesn’t have to be so. If you divide the special-sales market into its component parts, you can create tributaries that feed a significant revenue stream. This task is made easier if you view special sales as comprised of three segments. The first is special distribution that utilizes existing distribution channels to reach consumers. Second is the commercial sector encompassing sales to corporations that use books as sales-promotional devices. The third entails marketing directly to niche groups that have an identifiable need for the information in your book.
1. Special distribution is similar to the way most independent publishers currently market books, i.e., distribution partner to retailer to consumer. Examples of this network are having Advanced Marketing Services sell your book to warehouse-buying clubs, or Anderson Merchandisers reselling to Wal-Mart or Levy Home Entertainment to discount stores. There are also distributors that will take your titles to educational markets and the military.
The similarities to the traditional bookstore distribution channels do not end here. These discount retailers rarely buy directly from publishers and their choice of titles is a marketing decision, not a literary one. Distributors know exactly what their customers are likely to sell ― either fiction or nonfiction ― and they will reject others. In addition, returns are endemic, the discount schedule can reach 70% and payment terms may exceed 90 days. On the other hand, the rewards of immediate national distribution can be significant.
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However, there are companies in this category that will buy directly from publishers. For instance, book clubs offer increased revenue, credibility and exposure for appropriate titles ― not just the major clubs but many niche clubs, too. There are book clubs for children, religions, foreign languages and teachers. Another example is mail-order catalogs that can move a large quantity of books. Catalogs can be segmented demographically (catalogs for children, pet owners, individual sports or different religions), psychographically (health, new age and alternative catalogs) and geographically, but they exact a price for their efforts with discounts reaching 70% of the list price.
2. Commercial sales. Corporations, associations, foundations, government
agencies and network-marketing organizations buy books directly from
publishers for use as premiums, incentives, sales promotions or for
educational purposes. They may also purchase books for resale. The factor
differentiating this segment from special distribution is that you contact,
negotiate with, ship directly to and bill the people representing these
firms. There are no distributors to deal with, you bargain for the terms,
returns are rare and payment is generally made in 30 days.
Books have an approximately 6% share of the $1.5 billion incentive market
(per Incentive magazine). Buyers for these organizations are aware of the
value of books as sales promotional tools, but the sales process still
requires an understanding of successful selling techniques, numerous cold
calls and a the ability to accept rejection. The selling period is long
― sometimes a year or more
―
but the payback can be enormous when one customer buys tens of thousands of
non-returnable books.
3. Niche marketing entails selling to definitive groups of people that
share a need for the information in your book. For example, you could sell
your book about healthy eating to beauty shops, doctors’ offices, fitness
centers and stores that sell clothing, cookware, gourmet foods, groceries
and health foods. A children’s book could be sold to day care centers, toy
stores, pediatricians’ offices, children’s hospitals and children’s museums.
This strategy results in relatively small orders from many customers.
However, a key to profitability is to find clusters of prospective customers
such as a chain of day care centers or stores. Then sell to the group’s
buyer.
If you are proficient at public speaking you could sell your books at the
back of the room at full list price. This skill will also enable you to
conduct library tours during which you can sell your books with little or no
discounts. Jerry Labriola sold thousands of copies of his book Famous
Crimes Revisited during personal presentations at libraries just in
Connecticut.
The Internet provides valuable potential for niche sales, vastly reducing
your time and expense per sales call. For instance, when selling your
children’s book you could contact online gift-registry agencies for babies
to have them use your book as a gift item or premium (webistry.com) or
submit to niche online bookstores such as Just-For-Kids.com. Another
prospect is iBaby.com. You could also offer your book as a sales promotional
item for companies providing services to families for baby showers.
Online bookstores are considered a traditional sales outlet, but independent
publishers typically limit these sales to Amazon.com, Books-A-Million.com or
Barnesandnoble.com. In fact, there are many other niche stores online, some
of which may serve your needs. These include (all end in .com)
coffeetablebooks, DealPilot, BookNook, 1Bookstreet, Adventurous Traveler and
Smart Books. To find niche bookstores online for your title, simply visit
www.google.com and search under keywords
relevant to it.
Perhaps an example will help clarify this process. Business-to-Business Golf: How to Swing Your Way to Business Success, by Michael Andrew Smith is a book that can help sales people drive their business forward by developing successful business relationships while playing golf with their clients. Here are examples of non-traditional sales opportunities for Business- to-Business Golf.
There are companies that perform special sales for most titles, but there is no reason why publishers and authors cannot pursue these lucrative avenues themselves. It takes some investigation, persistence and creativity, and in many cases this can be accomplished online. Do not be intimidated by the term special sales. Divide it into its component parts and address them as you see fit for each title.
Brian Jud is the author of Beyond the Bookstore (a Publishers Weekly book) and the series of e-booklets, Proven Tips for Publishing Success. Contact Brian at P.O. Box 715, Avon, CT 06001; (800) 562-4357; brianjud@bookmarketing.com or visit http://www.bookmarketing.com
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