Monday, July 11, 2016

5 Writer Entrepreneur Characteristics For Success



Writers will be successful if they are talented, ambitious and focused.  All they need is to stay true to who they are and follow the path their inner voice tells them to take.  Of course, writing may come easy – and be most enjoyable – to those who practice the art of writing, but to really be successful a lot will be required of them when it comes to marketing and publicity.  So, what attributes or characteristics will writer entrepreneurs need?

1.      Trust in others.  One of the pillars of getting ahead in life is to utilize the help of others, including people you pay to perform a task for you.  In order to let go and benefit from the work of others, you need to trust that people will do what they say they’ll do.  You need to trust that even if others can’t do something as well as you could, that they’ll do it in a way that is at least satisfactory.  Trust in them and give them the tools to succeed – and you can free yourself up to do what you need and want to do.

2.      Hope for the best  Be optimistic, put in the hard work, utilize the gifts of others – and you will be in a position to get lucky.  Pray if you like.  Be hopeful and good things will come.

3.      Execute  Do the work – don’t just plan, debate, research, question, or review.  Execute.  Take action – often.  Too many people think, but don’t act.  You can’t be crippled by fears, choice, or lack of information.  You do your best to act under the resources you have in any given moment.  The only way to succeed is to take action and to be ready to correct that action with a contradictory or additional action.

4.      Work hard and smart  You need to work at a high level of intensity and energy -- and to do so efficiently and intelligently.  Even when you can take shortcuts or get lucky on a gamble, it doesn’t mean you rest on your success.  No, you reinvest your time, effort, and brain power to expand and do more.  Long hours should be expected in order to win at what you put your mind to.

5.      Keep Learning  Writers become great writers from practicing and constantly researching, questioning, and learning.  Don’t ever feel you know everything or enough.  Assume you don’t know anything and thirst on the world of knowledge out there.  The world is changing, growing, and evolving.  The best writers keep reading and exploring new ideas and information.

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Brian Feinblum’s views, opinions, and ideas expressed in this blog are his alone and not that of his employer. You can follow him on Twitter @theprexpert and email him at brianfeinblum@gmail.com. He feels more important when discussed in the third-person. This is copyrighted by BookMarketingBuzzBlog © 2016

Sunday, July 10, 2016

How Much Is That Book Worth? ABAA Has Answers!



How much is that old book worth?  How about a first edition copy of an award-winning book?  What would the manuscript of a known but deceased author fetch?

These questions can best be answered by members of the Antiquarian Bookseller Association of America, a group dedicated to ensuring  that our nation develops or maintains an interest in rare books and manuscripts.  It maintains the highest standards in the antiquarian book trade.

The organization, founded in 1949 - 67 years ago, has appraisers, stores, and other businesses among its members.  In its 2016 directory, the ABAA wrote this about itself:

“In support of these objectives the ABAA has, among its other activities, promoted exhibitions of books and related materials and lectures on subjects of interest to book collectors.  Members of the ABAA engage in the sale, purchase and appraisal of antiquarian books and manuscripts.  As sellers of rare books and manuscripts, ABAA members offer a broad choice of antiquarian material in all areas of the printed and written word.  They are able to describe, authenticate and guarantee the items they sell and to provide guidance and expertise to individuals and institutions building collections within their specialties.”

So just how much could a book or manuscript be worth?  The short answer is that it depends.  For some buyers, they will overpay because a book means more to them or their collection than the marketplace would otherwise assess for an item.  The ABAA says this:

“The value of a book is affected by a variety of factors, including the intrinsic importance of the work, its scarcity, and collectors’ interest in it.  In general, the books most sought after are great works in the humanities and the sciences, usually in their first editions.

“The value of a particular copy of any given book will be further affected by a variety of factors: its binding, its provenance, and the significance of any inscriptions it may contain.  The evaluation of manuscript material including letters and signatures of well-known people, involves still others considerations."

For more information about book valuation or if you want to head to the nearest ABAA member or bookstore, consult www.abaa.org or contact:

President Thomas A. Goldwasser
ABAA
20 West 44th Street
Suite 507
New York, NY  10036-6604, 
212-944-9291 
www.hqa.abaa.org 

Upcoming ABAA book fairs include:

Oct. 28-30, 2016
Boston-Hyne’s Convention Center

Feb.10-12, 2017
Onland – Oakland Marriott City Center

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Brian Feinblum’s views, opinions, and ideas expressed in this blog are his alone and not that of his employer. You can follow him on Twitter @theprexpert and email him at brianfeinblum@gmail.com. He feels more important when discussed in the third-person. This is copyrighted by BookMarketingBuzzBlog © 2016


Saturday, July 9, 2016

What’s A Fair Royalty Rate For Authors?



A little over a year ago the Authors Guild initiated an effort to win greater digital royalties from book publishers.  In its letters to publishing houses it asked that standard contracts reflect at least a 50% royalty rate on net e-book income, instead of the typical 25% found in current agreements.  The letter also demanded that book publishers give the publishing rights back to writers once it stops supporting a book.  Their letter said authors “should not have their hands tied with non-compete and option clauses that can make it impossible for them to write new books without delay.”

The May 2015 “Fair Contract Initiative” sounds ideal but so far there’s no apparent breakthrough in the way publishers conduct business.  The Authors Guild has been meeting with publishers to advocate for authors and present its demands.

Something significant would have to happen in order for the majority of the major publishers to cough up money or show flexibility in its control of an author’s work.  As long as the Big 5 keeps merging other presses into its fold, their power grows over authors and literary agents.  Until an independent publisher not only offers a great royalty rate but can deliver enough sales for it to mean something, the Authors Guild may feel a chilly reception.

The Authors Guild uses strong language on its website when asserting its intentions and values.  It says:  “Times have changed in the book world, but the ‘standard’ publishing contract has not kept up with the times.  Today’s standard book contract is filled with terms, conditions, and language that would be recognizable to authors of a century ago, a remnant of a by-gone era when e-books, print-on-demand, deep pricing discounts, and online booksellers weren’t even a gleam in the eye.

“At the same time, new overreaching clauses have been added to insulate the publishers from any potential loss, placing all risk on the author.  Yet, today’s authors are often asked to sign these standard agreements “no questions asked,” and if they question author-unfriendly terms, they are often told the clauses are 'not negotiable.'”

It’s been a battle forever in book publishing, where authors say they deserve a bigger share of the profits and publishers push back talking about costs, risks, losses.  Maybe the best solution is for authors to receive things on a scale, so everyone’s treated fairly and there’s an incentive for success.  For instance, why not have the royalty increase based on how many books get sold?  Instead of an author getting 25% for ebook sales, fill contracts with bonuses, such as:

If ebook sales exceed 5,000 copies, the royalty on copies 5,001 + will pay out at a 50% rate.  This type of scale has been done on paper books, where once a threshold is met, the royalty jumps up.  This way publishers are in a position to make sure they recoup costs and at the same time reward successful authors.

There should be bonuses for awards won, hitting a best-seller list, and for reaching any other relevant benchmark.  At the same time, in cases where authors do not receive an advance or a very small one, their royalty rate should  start out at higher rate because they too are taking a risk of being with a publisher who isn’t showing real support for the book.

Author contracts need to have language about PR and marketing.  That’s really what sells books and unless the plan is quantified and detailed into the contract it's as if no plan really exists.

Publisher-author contracts have improved over the years and more writers are educated on the terms of their agreements than before.  Writers have more options to choose from in terms of how to get published.  Whatever the royalty rate, publishers and authors must see each other as a strategic partner and not an adversary.  The goal is to sell lots of books because then everyone wins.

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Brian Feinblum’s views, opinions, and ideas expressed in this blog are his alone and not that of his employer. You can follow him on Twitter @theprexpert and email him at brianfeinblum@gmail.com. He feels more important when discussed in the third-person. This is copyrighted by BookMarketingBuzzBlog © 2016

Friday, July 8, 2016

Ban The Book Tax



The local, state, and federal governments are in a desperate money-grab mode.  Even New Jersey, the lowest gas-tax state is getting in on the action of raising taxes, increasing permit fees, and charging for things that used to be done for free.  NJ was seriously contemplating jacking its gas tax by 23 cents a gallon in exchange for lowering its sales tax by a percentage point.  All of this talk of taxes made me realize that we need to ban a particular tax – the one on books.

Taxes are issued to raise money for things like police, firemen, schools, road repair, parks, etc. and no one can dispute the need for taxes.  The debate is usually over how much tax is too much and which specific services, products, or events should be taxed.  There’s been a trend to tax things that society deems bad for us – sin taxes – where items like alcohol, cigarettes, sugar drinks, and gas are taxed heavily.

Some say it’s just an excuse to tax people but others believe the tax changes one’s behavior when their bad habit becomes too expensive to keep up.  If we see taxation as a means of punishment/prevention, then why do we tax things that are helpful to us, such as books?  Why should we penalize someone’s pursuit of knowledge?  Books play an essential role in the development and expansion of society, so how dare we tax those with a thirst for knowledge?

In states like New York we don’t tax a newspaper or magazine, so why do we single out books to be taxed?

I have no idea how much tax revenue would be lost as a result of my suggestion to eliminate the book tax, but I’d guess it would run to a billion or two billion dollars, based on a 7% sales tax of perhaps 30 billion spent annually on book sales (this includes used, new, text, ebooks, and audiobooks at all types of stores, venues, sites).  If that revenue needs to be replaced, that’s fine.  Add a tax to something we already pay, such as the tax on garbage bags, but don’t link taxation with the consumption of books.

The book industry may even see a slight increase in book sales as a result of consumers saving whatever the sales tax would be.  Stores would no longer be charged with collecting the tax and dealing with it.  Readers would have one less barrier to enjoying books.  It’s a win all around.

On the other hand, we need to raise more funds for literacy programs, educational initiatives, libraries, and cultural institutions that are linked to books.  Could we remove the tax but institute a volunteer program for book retailers to collect donations at the cash register for programs that benefit local or national organizations that seek to promote reading and literacy?

Balancing the books is not easy when it comes to government and non-profit revenue, but as a moral issue, and a practical one, I don’t believe a tax on what we read is appropriate.  It’s almost like a poll tax, where people couldn’t vote unless they paid a fee.  While, the democratic right to vote can never be compromised, the freedom to read books should also never be impeded by government fees.

Ban the book tax!

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Brian Feinblum’s views, opinions, and ideas expressed in this blog are his alone and not that of his employer. You can follow him on Twitter @theprexpert and email him at brianfeinblum@gmail.com. He feels more important when discussed in the third-person. This is copyrighted by BookMarketingBuzzBlog © 2016

Thursday, July 7, 2016

Nation Is Doomed When 39% Don’t Know What the First Amendment Means



It may be a worthless pursuit, but I need to vent here and question a most disturbing poll result.  No, I’m not wondering why Clinton-Trump polls show a close race nor am I going to comment on polls about the favorite foods, clothes, or gadgets of consumers, but I must wonder aloud how it is possible that so many Americans are clueless about the First Amendment to the Constitution of the United States.

Add it to the long list of what’s wrong with this country – which still pales to what is great about it – but our citizenry needs a quick lesson here.  According to a recently released poll of 1006 adults that was conducted by the Newseum Institute’s First Amendment Center, in partnership with USA Today, four in ten adult Americans could not name a single freedom listed in the First Amendment.

That’s right, 39% of our population has no clue the 1st Amendment protects freedom of speech, of the press, of assembly, of the right to petition the government, and of religion.  Just what do we teach in school if so many people remain clueless on their basic rights?  Mass media has constantly covered this in various news articles, books, movies, ad campaigns, political speeches, and theater, so what is it that people don’t understand or recall about this?  Even immigrants seeking citizenship know this stuff – otherwise they couldn’t pass their test!

In fairness, I would imagine that many of the 39% know about the free speech concept but perhaps they didn’t know it was specifically covered under the First Amendment, but I just can’t envision how our society is to move forward unless everyone has an understanding on basic things like this.

I can only conclude that we are doomed.  Too many people are just ignorant about the principles, values, and history of our nation that it puts a burden on those who are in the know.  One can’t be active under a system it knows so little about.  We need more people to contribute to the public discussion of issues and ideas but if tens of millions of people remain clueless of the news, history or even of basic freedoms and rights we become a country that’s held hostage by the dumb, the narrow-minded, the uninvolved.

Our economy and our culture can’t survive when we have so many people failing to pull their weight.  These things may go hand-in-hand -- uneducated and underemployed.  This produces people who don’t contribute, but take. Instead of paying taxes, they suck up benefits instead of being a part of the solution, they are a cause of the problem.

The people who don’t know anything about the First Amendment probably overlap with those that fall into other designations – school dropouts, illiterate, poor, and are less involved in civic duties. 

We should have a few requirements to become and remain a citizen, and one of them should be to pass a knowledge competency test every five or ten years.  If you don’t know what the First Amendment even means, get out of the country.

This is not meant to be mean-spirited or some diatribe that supports a lunatic like Trump, but I have to say that we can’t have a country that is based on a foundation of idiocy.  Not everyone has to quote Ben Franklin or know everything about many things, but if our people don’t even know about the First Amendment, what else don’t they know, and as a result, how helpless are these non-contributors that the burden of running a nation is forced onto fewer people, creating a crushing weight?

Today’s generation has a lot it needs to know and it can be forgiven if some people don’t know all the facts of our history, but once we condone and accept people not knowing what the First Amendment means we will permit the collapse of our country, and to accelerate to the inevitable fate it dooms itself to.


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Wednesday, July 6, 2016

Interview With Elise Ringo, Communications Associate for Strand Books



Strand Books is one of the best bookstores in the country. Period. Just visit and you will agree. Ok, they don’t have a café, but they have everything else.

Here is what its Wikipedia page says about the store that boasts 16 miles worth of books:

The Strand was opened by Benjamin Bass in 1927 on nearby Fourth Avenue, in what was known as "Book Row", which was established as early as 1890, and which had at the time 48 bookstores.[1] Bass's son Fred took over the business in 1956 and soon moved the store to the present location at the corner of East 12th Street and Broadway. Fred's daughter Nancy is co-owner of the store, and is also married to U.S. Senator Ron Wyden of Oregon. The store occupies three and a half floors, using half a floor for offices and one additional floor as warehouse space. As of December 2011, the store had 2.5 million books.

“Besides the main store and Central Park kiosk, an additional location, the "Strand Book Annex", opened in the 1980s and was originally located on Front Street in the South Street Seaport complex. It moved in 1996 to Fulton and Gold Streets in the Financial District, but finally closed on September 22, 2008 due to rent increases.

“The Strand is a family-owned business with more than 240 employees. Many Lower East Side artists have worked at the store, including two rock musicians of the 1970s: Patti Smith – who claimed not to have liked the experience because it "wasn't very friendly – and Tom Verlaine, who was fond of the discount book carts sitting outside the store,

“The Strand has had a unionized workforce for over 35 years. On April 5, 2012, unionized workers at the store rejected a new contract. Further talks were planned between the two parties.] On June 15, 2012, workers ratified a new contract with the store. 

For more information, please consult: http://www.strandbooks.com/about-strand-books/ . now enjoy this interview with the store’s representative:

1.      What are humble origins of Strand Books?
In 1927 our founder, Ben Bass, started Strand with $300 of his own memory and a $300 loan from a friend. Strand’s location then was on “Book Row”, a six block area on Fourth Avenue that included forty-eight bookstores. In 1957, Ben’s son Fred (and our current owner, along with his daughter Nancy), decided to move the store to its current location on Broadway. As of today, we’re the sole survivor from the Book Row era.

2.      Your store's slogan indicates you now sell 18 miles of books. How did you manage to grow over the years while the industry saw contraction on the retail front? It’s been a combination of staying true to our roots while being willing to change. Being open to new ideas and innovation is a vital part of Strand’s success - we were an early bookstore to put up a website and start selling our stock online, which helps us reach more people and stay competitive. At the same time, however, it’s important for us to be faithful to our long history and remain a local bookstore that serves our community in NYC.

3.      What makes Strand unique or special in its offerings to consumers? One obvious unique offering is our signature tote bags! They’re an essential for many New Yorkers, and our in-house designers are always creating new designs, like the NYC Reader bag that was released in May or the Frida Kahlo tote that just debuted.

There’s also our book carts, where we sell books for between $1 and $5, full of a variety of hidden treasures and odd surprises. You might even find a signed copy from your favorite author. Finally, the Rare Book Room on our third floor is a hidden gem. It is one of only a handful in the country that are open to the public and contains books valued from $30 to $45,000 depending on the day.

4.      How would you rank your store among other independent stores like Powell's, Tattered Cover, etc?​ Obviously we’d like to say we’re the best! Overall, we prefer to keep a sense of solidarity with other independent bookstores across the country - local bookstores are an important part of a community. Powell’s Books in Oregon is probably the most similar to us in terms of scale and reach - but we do have 44 years on them.

5.      Where do you feel the book industry is heading? We think that rumors of the demise of print were premature! ​Last year was our best year ever in terms of gross sales, and that was reflected not only in us, but also an incredibly strong year for books overall. Elena Ferrante’s Neapolitan series was a runaway bestseller, and Ta-Nahisi Coates exploded onto the scene with Between the World and Me. Stories are everlasting and they're told best in print, and surveys show that book lovers - especially young book lovers - favor physical books over e-readers.

6.      Will Strand ever have a cafe? ​Maybe! It's something we're always evaluating but for now, we're surrounded by some fine coffee shops throughout the Greenwich Village area.

7.      You have a wonderful rare books collection for sale. What are some of the gems waiting to be snatched up? We have a lot of incredible books on display right now, including a first edition of The Adventures of Tom Sawyer by Mark Twain, a limited edition of A Streetcar Named Desire signed by Tennessee Williams, a first edition of Native Son by Richard Wright, and a first edition with first issue dust jacket of A Farewell to Arms by Ernest Hemingway.

8.      How do you determine what to price a book that you buy or sell? We have a fairly simple pricing system: for the most part, new books sell for 10% off the list price, and used books for 50% off. For older or out of print books, we usually price based on looking at data from other sellers like Amazon and Abe Books.

9.      Of the many used books that come your way, what are you looking for when deciding whether to acquire a particular title? The first deciding factor our buyers check is condition - all our used books are in good condition, and many look new. Then our buyers look at sales history for books - our system keeps records of every book we’ve had in stock, and how it moved on our shelves. We look pretty rigorously at every book brought to us: while we have 18 miles of books, shelf space is still limited!

10.  You sell other items with a book theme, such as mugs, T-shirts, magnets, cards, etc. some stores also sell toys, music, and magazines. Will you expand into those areas? We actually do sell those items! There are toys in our Children’s Department on the second floor, vinyl in the Strand Underground, and a selection of art-related magazines also on the second floor. Our space is limited, but we are are always looking for items our audience enjoys.

11.  You have a lot of staff in hand and they seem passionate and knowledgeable. Is customer service a significant differentiator for you? Absolutely! One of the distinguishing traits of a good independent bookstore is the ability for customers to make a face to face connection with a real person. Our staff are all people who come to Strand because they love books, and our hope is that they bring that love to our customers. Bookstores can be a place for solitary browsing, but they can just as easily be a place to form a community and have conversations, and we want to facilitate that.

12.  Why do you love books enough to make a living being around them daily? For me, personally, books have always been a part of my life since early childhood. They were how I connected with the world and, frequently, how I made friends. (It’s easy to strike up a conversation about a book someone’s reading!) Books allow me to experience a broad range of experiences I can never have, and see the world from a variety of perspectives. Being able to live in that world, help others meet their perfect book and being a part of a community of readers, is such a satisfying experience.

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Brian Feinblum’s views, opinions, and ideas expressed in this blog are his alone and not that of his employer. You can follow him on Twitter @theprexpert and email him at brianfeinblum@gmail.com. He feels more important when discussed in the third-person. This is copyrighted by BookMarketingBuzzBlog © 2016