Monday News: Ebook sales increase margin; LibraryThing tries to step up as a GR replacement; Community investments in reader loyalty
In 2012, everyone but Random House suffered substantial legal bills and costs associated with agency pricing. Even after reduced growth and reduced revenue, publishers were still posting a close to 10% margin. If they can increase the volume of sales, the margin will be even higher.Publishers Weekly
I only agree with number 2 of Spalding’s assessment. I shopped at Zappos before and after the acquisition by Amazon and it remains my favorite place to online shop for shoes, clothes, and bags. Further, the majority of users don’t really care about monopolies until the monopoly hurts them.
Finally, if LibraryThing wants to take full advantage of the opening it perceives has been made by Amazon’s purchase of Goodreads, I would hope that it redesigns its site and makes it easier to use. A lot of people gravitated toward Goodreads, not because it was nimble and independent, but because it was better looking and easier to use. LibraryThing
The literary community that dominates the newspapers and the indie bookstores won’t allow themselves to view those people who like Colleen Hoover’s books or EL James books or Sylvia Day’s books as valued customers.
Amazon has no such pretensions. If you are selling, they want to highlight you. Step one for literary community should begin with “Embrace the customer as she is”.Magellan Media Partners