Used Book Sales Are Booming
from the isn't-that-a-good-thing? dept
theodp writes "A landmark study confirms what publishers, authors and booksellers have believed - and feared - since the rise of the Internet: Used books have become a modern powerhouse, with sales topping $2.2 billion in 2004. More than 111 million used books were purchased last year, representing about one out of every 12 overall book purchases." It's not clear why this is an issue, or why it's to be feared? Having a healthy used resale market only increases the value of a new book, because the buyer knows that he or she will be able to resell it later. The study doesn't actually look at the impact of used books on new book sales, so to imply that it's bad (or good) for authors at this point is premature. However, even if it is bad for publishers, then that's something they, as a business, need to deal with. To claim that it's somehow "bad" that products are out there for less money and more people can read them means (just like certain other industries) the publishers are missing opportunities to give book buyers what they really want.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Reader Comments
Subscribe: RSS
View by: Time | Thread
Down with professors who assign a $200 book
[ link to this | view in thread ]
Re: Down with professors who assign a $200 book
[ link to this | view in thread ]
And down with the
You ever wonder why all the grade school kids have those wheeled 'backpacks'? It's because they have fifty pounds of freakin books in there!
Jeez. They're just kids.
And, also: Save a few hundred fukkin trees will ya?
[ link to this | view in thread ]
No Subject Given
[ link to this | view in thread ]
Authors are adversely affected
Used book sales on this scale destroy that system.
This forces them to live like paupers to write literature, or write pap that suits in Tinseltown will pay handsomely for, so they can create a butchered version for theatres.
There are definitely authors who can court a niche audience (which sometimes expands), but these folks are few and far between.
Are we thinning the ranks of authors by natural economic selection? Is this really the future?
[ link to this | view in thread ]
Re: Authors are adversely affected
So, one question is which of these effects is stronger?
More importantly, though, is an understanding of the fact that this isn't going to change just because some authors don't like it. Just as in other industries, the market changes. It's up to those involved to figure out the new business models to adjust. You can complain all you want, but there's not much of a market for horse-drawn carraige makers any more. It's all about adapting.
[ link to this | view in thread ]
Re: Entire dumpster full of old books
Probably the book store has a deal with the publishers to get a refund for unsold copies - but only if the books are returned or destroyed. Publishers know that if unsold (new) books are donated for charities to sell, this will reduce full-price sales.
However "dumpster-diving" and keeping the contents is legal in some places (IANAL, get legal advice etc.) so maybe you could donate them to charity yourself.
[ link to this | view in thread ]
Re: And down with the
We had to carry our books, and we didn't have backpacks. We are becoming increasing lazier and encouraging our kids to do the same.
My nephews in grade school have quite a few books but it doesn't hurt them any to carry them.
[ link to this | view in thread ]
Re: Entire dumpster full of old books
Librarians in school libraries are constantly fighting the battle just to weed their collections. I know of school librarians who, in order to get old, out-dated books off the shelves, have to sneak them out a few per day and throw them out at home, because to throw out boxes of them would cause a furor.
I love books, too, but sometimes they lose their value.
[ link to this | view in thread ]
Re: Down with professors who assign their book
I was in the college textbook publishing business for nine years and every professor I worked with requested things be done to keep the price to an ablsolute minimum for their students. Their students and their students financial situation was a top concern for the professors.
Unfortunately, the whole college structure has become outrageously prices all the way through. The college bookstores are well known to have a huge markup on the textbooks.
[ link to this | view in thread ]
It's just DRM in a different guise...
Let me put this another way for those of you who argue in favor of killing off the used book market.
In the future, car manufacturers won't let consumers re-sell their cars. They'll lock you to the vehicle using a fingerprint/eyescan and then the only thing you can do with it is drive it or send it to the junk-yard. When that happens, the price of a car had better be a LOT cheaper than the $16k prices they command today. Consumers won't pay high prices *and* accept all of the restrictions that come with being locked to a product.
It's the same with books, too.
[ link to this | view in thread ]
Re: And down with the
[ link to this | view in thread ]
Books are not commodities
Musicians, for example, can profit from file sharing and used CD sales, because a) they can create new content quickly and b) they can garner profits off touring and merchandise.
Books are NOT created quickly, and authors do NOT get to go on tour and charge $75 for tickets.
The used book market is certainly here to stay, I have no doubts about that. Hell, more than half my library is used books I bought in college, when I had to stretch my dollars. But if I couldn't find a book at a local used book store, I bought it new, because there was no option to buy used books on the internet.
Video games are very similar, in the sense that they take a long time to produce (2 years), yet have their sales ceaselessly ravaged by rentals and game stores that sell pre-owned copies.
Guess what? This is turning the video game market into a hit-driven, -commodity- marketplace where true innovation is shunned and sequels make top dollars. Books are much the same way.
So crow and yell all you want about "facing up to the future." You are obviously a consumer. As an artist, all I see in the future is a mess of mass-produced bullshit, designed to appease the masses.
[ link to this | view in thread ]
Re: Books are not commodities
a) Want a new copy
b) Don't want to sell the book once they've read it
c) Read it more often, thus making the book more worn and reducing its resale value/times it can be sold.
[ link to this | view in thread ]
Re: Books are not commodities
[ link to this | view in thread ]
Re: Books are not commodities
if a book is good, I'll go to library and get it for free! then i'll take it back, why do i want to keep it? is there value to be had by keeping it? NO, if i want to read it again, I will go back to the library and get it out.
DONT KEEP BOOKS, they just gather dust and you wont impress me or your friends by having lots of books shitting on youe shelves
[ link to this | view in thread ]
Re: Books are not commodities
http://www.thebookwiz.com/Templates/main.cfm?id=107998
Its is honestly worth having a look ;-)
[ link to this | view in thread ]
Re: Re: Books are not commodities
[ link to this | view in thread ]
Re: Authors are adversely affected
[ link to this | view in thread ]