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torius

(1,652 posts)
37. No, they do not create revenue for the publisher
Sun Dec 22, 2019, 01:43 AM
Dec 2019

because the bulk price is discounted by 40%. The publisher may be making zero profit or very little, I think none. It costs a lot to publish, distribute, and market a book and pay emplpyees.

Yes his purchases go into overall numbers, but he had buyers, so what is the issue? Is it bad to sell books? Is it bad to buy them? Why write a book and not try to sell it, especially if you have millions of supporters? What's good for publishers is good for all authors and keeps bookstores in business.

because they are sold in bulk at or near cost. Books that don't sell well, like poetry, are "loss leaders" supported by best-sellers. If you don't have best-sellers you don't have the less commercial books either. (The problem is getting publishers to keep on taking risks).

Yes, buying and selling your own books it could lead to more book contracts, the horror! That is exactly what authors do. That's how children's authors and illustrators make a living. We buy cartons of books, this is encouraged by the publisher. Then we go to schools and sell them at a higher price as well as get paid by the school. If we don't do that, we can't keep writing and illustrating, because it doesn't pay well. You go to the readers, and you have to make a living. Some authors do this full-time--anyone have authors come to their kids' schools with boxes of books? They bought them in bulk, not to game the system, but to resell them for a few bucks more, so they can eat. Is it OK for musicians to sell CDs at concerts? It's the same thing. It doesn't matter who paid for the bulk copies, those sales are on a different list--it's a wholesale sale. Sure, a billionaire could buy a ton of their own books but if it's in bulk the publisher is not making money so it doesn't help get another contract. The revenue for the publisher comes from stores and anyone who pays the normal price.

99.9% of books do not "earn out," meaning do not earn back their advance, and the author receives zero royalties. The publisher loses money. The publisher do not get rich if an author buys bulk books and the author receives no royalties, only profit from reselling. Worse yet, if you don't earn out, and then do another book with that same publisher they may withhold your royalties because your other book lost money. So that second book has to earn both its advance and the first book's. You get about a dollar a book.



Books that authors buy that don't sell sit in the author's garage. I don't know, but I doubt, if Bernie (or Ted Cruz, etc., also mentioned in the article) made a profit from the campaign books. I would think it would have to go back to the campaign and that either way the campaign got back what it spent. I doubt Bernie has trouble selling books in stores and I would think the profit he kept comes from that (and he didn't say he made a million selling books alone. You make about a dollar a book in royalties but you first need to earn back your advance which may have been considerable and the bulk sales do not go toward that. Maybe as you said some were giveaways from the campaign so that's an expense, fine. No I do not see anything unusual, bad, or weird. I guess publishing is rather mysterious to most people, but it's a long chain, from printer to warehouse to store to the final sad days when a book goes out of print (some never do). Authors, especially unknown ones, bear the responsibility of a lot of promotion and selling themselves if they want a book to last.

Things that are gaming the system: Offering something in return for a review. Concealing bulk sales, for instance, by paying people to buy the books one by one at a higher price, or by buying a ton of them yourself one by one at the higher price (but who does that? What would you do with them? You would be losing money. Possibly this is what Don Jr. did. or something like it. But the issue there seemed more like he got on the NYT list--however the asterisk will always follow him). You can game the Amazon numbers by getting people to buy at a certain time. But Amazon is bots and things like the Times are human-edited. So no, I think if there is demand for your book, it makes sense to have them at campaign rallies just as a musician sells CDs at concerts. If you're giving away the bulk-bought book then you're not making money nor is the publisher (or very little if any).

If I were to vote in a presidential
primary today, I would vote for:
Undecided

Recommendations

0 members have recommended this reply (displayed in chronological order):

But Full Transparency...Right? Me. Dec 2019 #1
Old news. This was brought up in the last campaign. vsrazdem Dec 2019 #2
No it wasn't OldRed2450 Dec 2019 #4
A candidate can't get royalties from their campaign purchases. Hassin Bin Sober Dec 2019 #8
What is the result of inflated sales? OldRed2450 Dec 2019 #9
Ask Don Jr. nt sheshe2 Dec 2019 #12
How does that negate the facts? And why such quick and drastic jump to judgement? beastie boy Dec 2019 #11
Let's be clear. He didn't become a millionaire from his campaign giving away books. Hassin Bin Sober Dec 2019 #19
They get royalties from their publisher for books their campaign purchases..... George II Dec 2019 #20
. Hassin Bin Sober Dec 2019 #21
And? He didn't get royalties from his campaign purchasing his own books? Please look up "in kind". George II Dec 2019 #22
I'm an author and also worked on a bestseller list. You don't get royalties from your own purchases. torius Dec 2019 #28
"He" didn't buy his own books, he got a bookseller to buy them and then his campaign... George II Dec 2019 #30
The article says he bought them from Verso, the publisher. torius Dec 2019 #36
There was a round of speaking engagements toward the end of last year and prior to formal.... George II Dec 2019 #48
Yes bought in bulk/wholesale torius Dec 2019 #56
As an author who probably deals with publishers, Hav Dec 2019 #33
No, they do not create revenue for the publisher torius Dec 2019 #37
No one said it's wrong to buy/sell books Hav Dec 2019 #44
"No one said" Hassin Bin Sober Dec 2019 #45
No they did not. sheshe2 Dec 2019 #55
Who knows which book sales he was referring to? torius Dec 2019 #58
The publisher doesn't profit (or not much) from the bulk sales. torius Dec 2019 #57
Thanks for that explanation. progressoid Dec 2019 #42
sure! torius Dec 2019 #59
Saved by the asterisk! TexasTowelie Dec 2019 #43
Yes torius Dec 2019 #60
He didn't "write" his first big seller until August 2016, when Hillary Clinton was out on the trail. George II Dec 2019 #5
Hmmm.. I thought the books were sold Cha Dec 2019 #3
It gets you to the top of the best seller list. sheshe2 Dec 2019 #13
But not in a fair way.. Cha Dec 2019 #15
Correct, Cha. sheshe2 Dec 2019 #16
Ewww! That just feels and sounds icky. n/t Tarheel_Dem Dec 2019 #40
I know. sheshe2 Dec 2019 #46
We always suspected this NYMinute Dec 2019 #6
Buying one's own books is common throughout the book-selling business. No Vested Interest Dec 2019 #7
Yes, I've heard this for years Raine Dec 2019 #39
Oh, just say buying your own books is "grassroots" and it'll be fine. betsuni Dec 2019 #10
Zing. Yes.. how grassrootsy of him. Cha Dec 2019 #14
It's best seller-"ish" grantcart Dec 2019 #23
lol.. exactly! Cha Dec 2019 #24
If you are going to do this, please accept contributions from billionaires... W_HAMILTON Dec 2019 #17
Agree. This makes me very sad: betsuni Dec 2019 #25
For the win! sheshe2 Dec 2019 #31
Thanks! Here's Bernie giving himself the benefit of the doubt: betsuni Dec 2019 #32
Oh my... sheshe2 Dec 2019 #34
This is the best the anti BS people can come up with? Joe941 Dec 2019 #18
There is so much to choose from it would take hundreds of hours to rank them grantcart Dec 2019 #26
Just shows how hard they are reaching. Joe941 Dec 2019 #27
I am glad they included it. Just one of the character reveling episodes grantcart Dec 2019 #29
Not even close to "the best". Lexee Dec 2019 #35
I figured they all do that.. Raine Dec 2019 #38
The article only mentions Republicans who've done it. betsuni Dec 2019 #41
Am I correct that Bernie has a huge list of donors who have pledged monthly donations No Vested Interest Dec 2019 #47
Amy Klobuchar is selling her book at her campaign website. Eric J in MN Dec 2019 #49
No, that's not the same. W_HAMILTON Dec 2019 #52
I'd read that's how "Dianetics" made it to the NYT Bestseller's list. NurseJackie Dec 2019 #50
Kick! TexasTowelie Dec 2019 #51
Laid-off steelworkers in Detroit don't give a flying fuck... SMC22307 Dec 2019 #53
Sanders buying his own book ? Are you saying he used his personal OnDoutside Dec 2019 #61
I have NO idea and I don't care. SMC22307 Dec 2019 #62
I wish you folks would go tilt at other James48 Dec 2019 #54
KICK! Cha Dec 2019 #63
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