By Craig Stark It's getting close to year's end, and some of you might be thinking about a purchase or two that could mitigate some of your tax consequences next year. If you're operating a bookselling business, any purchase you make from BookThink can be written off as a business expense. To this end BookThink will be offering two promotions. This one is easy: The first 10 subscribers to email me after this newsletter is published will be entitled to a 50% discount on any BookThink product, including the Kitchen Sink. Simply email me with a request for the product you're interested in, and I'll forward an invoice.
Today's feature article explains the second one.
There was a time, four or five years ago, when I listed my books on nine different venues. Now it's down to three. The reasons for exiting these six venues were various - e.g., not enough sales to bother with, punitive commissions and/or fees, and so on. But I got to thinking last week that perhaps it wouldn't hurt to take a look at some of the newer venues that seem to be growing into significant forces and, also, a second look at the venues I no longer sell on. This investigation would call something into play that I've been doing this past few months: "soft" liquidating one of my inventory sectors that now numbers only seven hundred and some books. I could use these discounted books to experiment with new venues ... and perhaps re-register on some older venues and give them a second chance. Obviously, the results couldn't be addressed in one article; I'll need to expand this into a series and give myself some time to gather stats - but it should be interesting. Look for it soon.
Note to subscribers: Chapter 19 - Building Value Into Books - of BookThink's Guide to Online Bookselling was delivered recently. If you didn't receive your copy, please check your spam folder first. If it's not there, email me at email@example.com and I'll get it to you ASAP.
A brief note on Chapter 19: Of the 19 chapters issued to date, if I had to choose one that best holds the key to successful bookselling, this would be it.
BookThink's Guide to Online Bookselling is available for $49.99. Purchase a subscription here. Subscriptions include all current chapters listed below and all remaining chapters as they are issued.For those of you not familiar with the guide, a list of completed chapters may give you a better sense of what's going on:
1. Essential Book History for Booksellers
2. How Books Are Made
3. Why Bookselling?
4. How to Make Money Selling Books While You're Learning How to Sell Books: First Things First
5. How to Make Money Selling Books While You're Learning How to Sell Books: Closing the Gap on Your Competition
6. Trust: The Sine Qua Non of Bookselling
7. Getting Down to Business: Why Your ASP Will Make You or Break You
8. How to Identify First Editions: Books That Aren't, Part I
9. How to Identify First Editions: Books That Aren't, Part II
10. How to Identify First Editions: Books That Are, Part III
11. How to Identify First Editions: Books That Are, Part IV (The Essential Reference Library)
12. How to Buy Inventory: Part I, Building Hot Lists
13. How to Buy Inventory: Part II, Building Flashpoint Lists
14. How to Buy Inventory: Part III, An Introduction to Sourcing Inventory
15. How to Buy Inventory: Part IV, An eBay Buying Tutorial
16. Presenting Books for Sale: Part I, An Introduction to Modern Book Description
17. Presenting Books for Sale: Part II, Book Photography
18. Presenting Books for Sale: Part III, Condition Descriptions and Grading
BookThink's popular Kitchen Sink package remains available at its regular price of $179.99. The package includes every BookThink product - subscriptions to BookThink's Guide to Online Bookselling and BookThink's Author Reports (including the Grosset & Dunlap reports) along with all complete report packages - all Gold Editions, all 50/50's and all Quarterly Market Reports - and ny revisions/updates to these reports as they are completed. The subscriptions include all current chapters and reports and additional chapters and reports as they are issued. This is a ton of bookselling content that, if applied, will pay for itself quickly and generate income for years to come. Click here to purchase it, and everything will be emailed to you as attachments within 24 hours.
A special report on Time Magazine is now available. This includes relevant history, a detailed marketing analysis with illustrated examples and over 100 issues with verified outcomes of $100 or more - all with cover images. 45 pages in PDF format. Purchase it here for $19.99. And see our other special reports here.
Part II of BookThink's Bookseller's Guide to Grosset & Dunlap has been completed and sent to subscribers. If you didn't receive your copy, please check your spam folder first. If it's not there, email me at firstname.lastname@example.org and I'll get it to you ASAP. This is a compilation of 299 pages of G&D First Editions, almost all of which are accompanied by large thumbnail images of dust jacket cover art. Who knew there were so many? A majority of titles - no surprise - are boys and girls series books, but there is no shortage of additional titles, including dozens of jazz age and depression era romance publications, surprisingly collectible, by the way. I included three examples in the last newsletter. Here are three more:
Titles are organized by year, and, when applicable, accompanied by series names and volume numbers. This, along with the dating tool kit provided in Part I, will enable users to both identify and in most cases date not only First Editions but also distinguish them from reprints - and in some cases assist in dating reprints. Dating G&D's has been an area of concern for booksellers for decades, and the approach for most has been to report the copyright date (because it was all that was available) and either leave it at that, do nothing or guess at a date window. Happily, in most cases, this will no longer be necessary.
Due to the length of Part II, it was necessary to split it into two parts, and Part III - soon to come - will consist of a comparable compilation of all known G&D photoplay editions, title lists of other collectible G&D reprint series and a detailed marketing analysis of G&D reprint high spots, and there are many.
Part I is available for purchase here at $19.99.
Part II is available for purchase here at $19.99.
Part III, when issued, will also be available for purchase at $19.99, but save yourself a few bucks and subscribe to BookThink's Booksellers Author and Publisher Reports for $49.99 and receive not only these three reports but also an additional nine reports, seven of which have already been published. Get it done here today.
For those of you who missed it, an abridged preview of Part I was published in the free BookThinker a few months ago here.
BookThink's popular First Edition Library Checklist has been reformatted to PDF and now includes thumbnail photos of cover art for all FEL titles. The FEL, for those not familiar with it, is a series of extraordinarily faithful first edition facsimiles of over 100 notable publications, most of them issued with protective slipcases. Many are now out of print and all are enthusiastically collected. As booksellers, it pays for you to know of them and about them. Our checklist package includes a checklist of all 111 FEL titles, thumbnail images of cover art, indications of most and least valuable titles, indications of rarest and most common titles, detailed issue points (where applicable), explanatory notes, and the full text of Stan Shelley's superb, illustrated primer on the First Edition Library.
If you have purchased the earlier version (which was available in DOC and TXT formats), you can upgrade to the new version for $5. The price for first time buyers is $14.99. Either option can be exercised by clicking here.
Also, BookThink's complete Gold Edition is now available in PDF format. All 59 Gold Editions have been recently updated (and in some cases expanded) and combined into a PDF format e-book. A table of contents presents clickable report titles, and the entire document is searchable by keywords. The PDF format ensures 100% compatibility with all computers, tablets and smartphones, and it's easier than ever to take the Gold Edition with you on scouting trips. Purchase it here for $59.99.
Click here to see several sample pages. (And yes, we're working on converting and updating 50/50 and QMR as well.)
Important: If you have previously purchased a complete Gold Edition package, this e-book is available to you at no charge. Email me at email@example.com for your copy. Also, if you have purchased any Gold Edition issues either singly or in groups at any time, we will subtract those purchases from the price of the e-book. Again, email me at firstname.lastname@example.org and we will research your purchases and forward a discounted invoice reflecting them.
Some changes to BookThink's forum. It has been remodeled to conform to BookThink's color scheme: Please
note that guest access has been disabled - that is, non-registered users are no longer able to read posts or reply to them. You must be registered and logged in.
Also, registration is now a two-step process that requires approval on this end. In most cases this will happen quickly; if not, please follow up with an email to me
at email@example.com. I'm usually loath to make anybody jump through hoops to do anything associated with BookThink, but what this does is effectively shut
down the dozens of bogus bot registrations and subsequent spamming we had been getting daily.