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Today a customer mentioned that she could get a new hardcover book online for $15. Our mission is not to shame anyone for their shopping practices, but we do feel a responsibility to educate about what it means when a new hardcover is available for $15 online.
When we order direct from publishers, we get a wholesale discount of 46% off the cover price. The book in question had a cover price of $26.99, meaning our cost for that book from the publishers would be $14.57. If we sold it for $15, we'd make . . . 43 cents.
It goes without saying, but we cannot operate making 43 cents per book sold. We have 10,000 books in stock. If we sold every one of them with a 43 cent markup, we'd make enough to keep the store open for about six days.
The biggest (and cheapest) online booksellers have lots of other revenue streams that are MUCH more profitable than books, so they can stand to lose money on books. They also most likely get better discounts from publishers because they sell at higher volume. Fair enough.
But remember what those giant online booksellers have no interest in doing:
bringing your favorite authors to town so you can meet them and get your books signed
creating good jobs in your community
partnering with cultural organizations in your town to enrich the arts
bringing your favorite authors to town so you can meet them and get your books signedcreating good jobs in your communitypartnering with cultural organizations in your town to enrich the arts
feeding and taking care of store cats that you can take pictures of and petcreating a safe and comfortable space for you to spend an hour or twoworking to support the local authors where you livehosting open mics etc. so emerging artists have a platformpaying taxes
Every time we tweet something like this someone replies with something like "shut up and let me enjoy my cheap book." Fine, go nuts. We have no right to tell you what to do. We want this to be informative, not shaming.
But we will say: we feel a responsibility to use our platform to educate people about this stuff. If you've ever wondered why it seems like "there are no bookstores anymore" or why retail businesses keep closing in your downtown, this is it. A cheap book still has a high cost.
Wow, this blew up. Good! We've been trying to keep up and chat/clarify but we have lots of stuff to do today (see bullet points above). If cost is a concern in buying books, remember that used bookstores and libraries contribute to communities too.
Also, if you prefer to listen to audiobooks, @librofm sells digital audiobooks and they support indie bookstores: https://libro.fm/
And here's an @indiebound guide to buying ebooks through places like @kobo who also support Indie Bookstores: https://www.indiebound.org/ebooks
