What a Bummer for Book Sellers

Headline: Harry Potter Magic Spells Losses for Booksellers.

Article says: because of deep consumer discounts, independent booksellers are barely breaking even on every Harry Potter book sold.

Wow.

As a publisher, I know the discounts we have to offer wholesalers and distributors really cut into profits, often eclipsing any whatsoever when we factor in rising postage prices.

I know printers aren't exactly raking in the dough when you consider their huge overhead.

Author royalties aren't that great either.

Now bookstores are struggling to break even on a huge title.

It's a sorry state for the US publishing system.

That being said, both authors and publishers can make some pretty nice incomes if they work smart.

Here's the URL:

http://tinyurl.com/2s6842

Talk later,

Beth