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Description: Canada's book publishing industry can give itself a $300 million per year bailout, simply by fixing a broken business model of returnable books
canada (14815) bailout (21) book publishing industry (1) broken business model (1)
Barnes & Noble boss Steve Riggio has been quoted as saying that eliminating returns would "revolutionize the book business and revitalize the book business ... We'd like to see this practice discontinued ... Any rational business person looking at this practice would think the industry has gone mad. "
USA comparison US readers can confidently multiply all numbers by 10, since their book publishing industry is 15 to 20 times the size of Canada's. Think about waste -- and potential savings -- of over $3 BILLION annually ! Jeffrey Trachtenberg of THE WALL STREET JOURNAL says, "Returns are the dark side of the book world, marking not only failed expectations, but the crippling inefficiencies of an antiquated business. It's a problem that's only getting worse."
PROVIDING BOOKS ON A RETURNABLE BASIS IS THE 'CRACK COCAINE' OF THE BOOK INDUSTRY Read why here.
Agio Publishing House: Welcome
Authors-Connect | You have a story – Publish it – Be a Published Author – Be The Infopreneur