How to Sell Print Books

A bookstore chain in Great Britain figured out how to please customers, and the big step was letting the individual operators use their space as they saw fit. Waterstones stores stopped selling shelf space to big publishers (emphasis mine):

Next came the staff. [managing director James] Daunt shrunk Waterstones’ central office and fired half of the store managers. He gave those booksellers who remained almost complete autonomy over how to arrange their stores—from the windows to the signage to the display tables—but controlled the stock with a dictatorial zeal. Out went books you wouldn’t want to browse: reference, technical guides, legal textbooks. That—along with the real estate freed up by eliminating publisher-sponsored placements—allowed Daunt to grow the total number of titles in stores by about a quarter. With more books to browse, sales increased. The number of unsold books that were returned to publishers fell from about 20 percent before Daunt took over to just 4 percent today.

A leaner staff and more autonomy resulted in everyone working harder, but Daunt says the staff is curiously happier as a result. “You love being in a shop where people are busy,” he says. “It’s much better than being out the back, filling up boxes of returns and thinking your life is a drudgery of doing pointless administrative tasks for some nameless bureaucracy of a head office who you despise because they just dump innumerable amounts of crap books on you.” As is probably clear, Daunt still has an indie bookseller’s contempt for the big chains, even though he now runs one of them. Of Barnes & Noble, which appears more and more like a cross between an airport gift shop and a toy store, he said, “My faculties just shut down when I go in there.”

Imagine that: letting individual sellers letting customers browse through things they may want, by eliminating what you know they don’t want. Like in politics, all commerce is local. Ditch the nuclear bomb approach to selling, and opt for a sniper, and people will throw their money at you.

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