Yeah, yeah, yeah, you’ve heard it all before, and, you know, you’re right. Used book sales still comprise a relatively small piece of the total book sales market. What are we so worried about? It’s going to be fine, it’s better to have readers than royalties, and so on. What me worry?
Yes, worry. Not a lot. Don’t take up stress eating or anything rash like that. Simply look at the trends and ask yourself where you want to be on the issue five years from now. To get your started on your journey, let us quote our hero, Edward Wyatt:
Most of the growth is coming in the online sale of general-interest books, said Jeff Hayes, a group director of InfoTrends, a research company that worked on the study, a trend suggesting that traditional used bookstores might be an increasingly endangered species.
Mere paragraphs before, it was noted that used books sales were up 11% over the previous year, and
“The growth is really being entirely fueled by the online channels,” Mr. [Jeff] Hayes said. “And without question, the volume is going to continue to go up.” Mr. [Jeff] Abraham said that the sales growth was being aided by the fact that most customers of online booksellers report having good experiences with vendors, leading them to conclude overwhelmingly that they would recommend such services to friends.
Maybe used book sales aren’t yet cannibalizing new sales, but you have to start thinking with your business cap on. At what point do we seriously consider the impact used book sales have on your bottom line? And by we, we mean you.