How to Make Real Money Selling Books

A Complete Guide to the Book Publishers’ World of Special Sales

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How to Make Real Money Selling Books
Available
10/15/2009
Square One Publishers

WORLD ***

6.0 X 9.0 in
384 pg



BUSINESS & ECONOMICS / Sales & Selling / General

9780757002137
$24.95 Paperback
Available
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How to Make Real Money Selling Books

By  Brian Jud

Description

The worldwide book market generates almost $90 billion annually, and more than half of those sales are made in non-bookstore outlets such as discount stores, airport shops,

gift stores, supermarkets, and warehouse clubs. How to Make Real Money Selling Books provides a proven strategy for selling books to these enterprises. You will learn about developing a product strategy, conducting test marketing, contacting prospective buyers, promoting your product, selling to niche markets, and much, much more.

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Author Biography

Brian Jud is president of Book Marketing Works, a consulting firm established to help independent publishers market their titles to non-bookstore outlets. He is host of the television series The Book Authority, and is a regular speaker on marketing topics at IBPA’s Publishing University.

Table of contents

 

Introduction   

Chapter One. What is Non-Trade Marketing?   

            1. Trade versus Non-Trade Book Marketing   

            2. How Long Will Your Book Sell?   

            3. The Sectors of Non-Trade Marketing   

            4. Content is King   

            5. Dual Distribution   

            6. Ask the Right Questions   

Chapter Two. Non-Trade Retail Markets   

            7. Discount Stores and Warehouse Clubs   

            8. Airport Stores   

            9. Supermarkets and Drug Stores   

            10. Home Shopping Networks   

            11. Display Marketing Companies   

            12. Museums  Zoos  Aquariums  and Parks   

            13. Gift Shops   

            14. Specialty Stores   

            15. Book Clubs   

            16. Catalog Marketing   

Chapter Three. Non-Trade Non-Retail Markets   

            17. Businesses   

            18. Associations   

            19. The Academic Market   

            20. Government Agencies   

            21. Military Marketplace   

            22. Libraries   

Chapter Four. Do Your Homework before You Start Selling   

            23. Define Your Target Buyers   

            24. Segment the Mass Market   

            25. Understand Your Competition and Differentiate Your Title   

            26. Conduct Simple Market Research   

            27. Perform Basic Test Marketing   

            28. Find Potential Buyers   

            29. Classify and Prioritize Your List of Potential Buyers   

            30. Match Benefits to Buyers   

Chapter Five. Start Selling   

            31. Utilizing Distribution Partners   

            32. Making the Initial Phone Call   

            33. Writing Your Proposals   

            34. Negotiating   

Chapter Six. Promoting to Non-Trade Buyers   

            35. Seek Niche Reviews   

            36. Raise Awareness through Niche Media   

            37. Get Endorsements   

            38. Participate in Award Competitions   

            39. Implement Effective Mail-Order Campaigns   

            40. Sell Books through Speaking Engagements   

            41. Conduct Author Events   

            42. Attend Trade Shows   

            43. Use the Internet to Your Advantage   

Chapter Seven. Putting It All Together   

            44. Create a Compromise between Buyers’ Wants and Needs and Your Own   

            45. Write a Business Plan   

            46. Set up a Publication Timeline   

            47. Prepare Yourself Mentally   

            48. Case Studies   

Conclusion   

 

 Appendices    

 Resources    

 About the Author    

 Index            

           

 

 

Introduction or preface

Book marketing is not what it used to be, nor what it could be. Publishers of all sizes are learning that limiting sales to bookstores—also called trade channels—may be the least effective and most costly way to sell books. This understanding has spawned a better way to market books—one that increases sales, revenue, and profits for those who take their products to people where they buy, rather than waiting for consumers to come to them. This technique is the essence of non-trade book marketing.

 

Whether you are thinking about writing a book, have already written a book but have not yet started selling it, or are already selling your book to bookstores, How To Make Real Money Selling Books will help you understand all of the different non-trade marketplaces that exist. You will also learn that selling to non-trade markets should not be a separate or new way of doing business. Rather, it should be an integral part of your overall sales strategy.

 

Non-trade marketing is put into practice in all three stages of the publishing process: writing, production, and marketing. First, you write information that consumers’ need and publish it in the form in which they want it. Then, you make it available where they shop (pet stores, gift shops, online, etc.), gather (seminars, libraries, etc.), or work (offices, schools, hospitals, etc.).

The purpose of this book is to get you to think about how to sell your book to non-trade markets, and then to help you actually get started doing it. It begins by answering the question—What is non-trade marketing? It then goes into in-depth discussions about all of the different non-trade marketplaces—retail and nonretail— including what buyers look for and how to contact them. That information is followed by sales preparation advice, promotional ideas, and strategies for putting everything together.

 

In short, this book provides information, strategies, examples, case studies, tips, and more that will make non-trade marketing accessible and profitable for you. You will read about new markets in which to sell your books, and also discover tried-and-true ways to reach them. To paraphrase Robert Kennedy, the most important thing to remember is to “Look where everyone else has been looking, but see what no one else has seen.” It sounds simple, and it is. But it is not easy. Persistence and determination are a must. The following list includes a few tips that will jump-start your non-trade sales journey:

_ Focus on content and form. Some publishers believe the key to increased income is to publish as many books as possible. However, instead of worrying about the quantity of books you produce, find out how the people in your target audience want the information you have delivered—do they want it in a book, booklet, three-ring binder, DVD, or something else? Then, manipulate your existing content into those desired forms. A book may be the best way to communicate your information, but at least be open to considering new product ideas. An open book and an open mind have a lot in common—they can both stimulate your thinking in unknown areas.

_ Work toward long-term results. The sales process for a large order to a non-trade outlet may take several years. Buyers may initially test your title, and then wait several months or even a year before placing an order. Rarely are people in as much of a hurry to buy your book as you are to sell it, so be patient. You may be thinking, “If I don’t make it through the short term, there won’t be a long term.”

However, consider these points before hitting the panic button:

_ There is more at stake for buyers purchasing in large quantities, and corporate buyers in particular want to buy from people they know. It takes time to build the relationships that lead to large orders.

_ As you prioritize your list of potential buyers, a process that is described in 29.

Qualify, Classify, and Prioritize Your List of Potential Buyers (page 225), plan to frequently sell small quantities to retailers while you work on the larger orders.

This will hopefully generate some interim cash flow, but the axiom still holds true that people buy on their timelines, not yours.

_ Eliminate the “Ready. Go. Get Set.” philosophy that can lead to failure. Instead, take the time to plan your marketing actions before you implement them; then evaluate their results and make any necessary changes in strategy or action. The

“Ready. Get Set. Go.” philosophy will get you more profitable, long-term results.

_ Media exposure is important to selling in non-trade markets, and it takes time to establish relationships and create awareness of your book in the media outlets that are relevant to your title.

_ Research and test marketing, described in 26. Conduct Simple Market Research (page 210) and 27. Perform Basic Test Marketing (page 215), can increase the likelihood of your success; however, both take time. In the end, though, your sales efforts will prove to be more profitable if you do both, rather than if you proceed without any pre-sales feedback.

_ In the trade market, books need to show sales results quickly or they are removed from the shelves. On the contrary, in non-trade markets the focus is on long-term profit optimization, rather than on short-term profit maximization. This makes for a better all-around business strategy.

_ It is not necessary to choose between marketing to trade and non-trade markets. It actually makes good sense to do both. If you are already distributing to bookstores and your books are listed on Amazon.com, do not abandon those outlets in search of other markets. Instead, maintain those sales outlets, but keep an open mind and look for new places to sell your books at the same time. If you are just beginning, educate yourself about trade and non-trade marketplaces, and combine both into your overall marketing strategy.

 

Beginning on the path of non-trade sales can be intimidating, but it will almost certainly increase your revenue and you will not have to worry about returns. This book will give you all of the tools you will need to educate yourself, build your confidence, and start selling to non-trade markets.