When I wrote about this in 2011, I talked about rights reversion and what that means in an age of ebooks. Today, I’m having more of an issue with the whole way textbooks work. With two kids in college, I’m seeing my share of textbooks selling for hundreds of dollars, but the price increase on my own book was still a shock a few years back when it was picked up as a college text.
My editor was adamant when I was writing the book in 2003: keep it under 400 pages or the price of paper will make the book just too expensive. Their target price was $49.95. The final page count was 404 (snicker), and it did indeed release (in paperback) at that price. I still don’t buy the paper cost argument. My bookstore sells plenty of paperback books with far more than 400 pages for far less than $50.00, but the world of low-volume, highly specialized books is different. I get that.
Prices go up over time, so I wasn’t surprised to see the price go up to $54.95 a couple of years later. But when three colleges adopted The Closed Captioning Handbook as a textbook, I didn’t expect the immediate jump to $71.95. Now, it’s up to $74.95, and it has the dreaded word “NET” in the Ingram distribution database.
Net? What’s net?
In the retail book trade, there are a lot of publishers to deal with, and keeping track of everything would be an insurmountable task for small bookstores. That’s why we have big distributors like Ingram Books and Baker & Taylor. Stores like mine buy the majority of our books from a couple of sources because it’s easy and it consolidates shipping and billing.
Discounts are pretty standard in the book trade. For the most part, retailers get the same discount on every book at the big distributors. Sometimes, though, books are “short-discounted.” Publishers may not offer the standard discount to the distributor, or may have very high minimum purchase quantities. It’s common for print-on-demand books to be offered at only half the normal discount to stores, which is why many bookstores refuse to stock them.
But every now and then, that discount field in the database displays as “NET.” That means that the bookseller pays full list price for the book. If you go into a bookstore and order a copy of The Closed Captioning Handbook, that $74.95 isn’t what you pay, it’s what they pay. This isn’t going to be true for bookstores (especially campus bookstores) that order directly from the publisher, but few stores deal directly with technical and specialty publishers like Focal Press. Also, there are many textbook publishers that simply don’t want to deal with what’s called a “general bookstore.” They only offer trade terms to college bookstores.
Obviously, this is a big turnoff to readers. Stores can’t stay in business without a profit, but nobody wants to pay higher than retail. So what’s an author to do? We can beg readers to buy directly from us (here is The Closed Captioning Handbook on my store’s website). We can find out what stores or websites stock our books at a reasonable price (as much as I hate sending people to Amazon, they do have my book available at a discount right now) and send people to them. We can beg our publishers to offer standard discounting to distributors.
And we can ask our readers: if you’re quoted a really high price on one of our books, please don’t give up on us. Take a few moments to check another source or two. We don’t have the luxury of setting our own prices or terms. Thank you!