The book trade

[Commander]

This is just info for would-be authors and members here who would like to write their own books in future. The book trade is quite an interesting cartel in Singapore (and perhaps everywhere else as well - Will can enlighten us about the US market since he is a veteran author of books)

For example, if the author plans to sell his book in the open market at $50, and hopes to sell the book at our major bookstore chains. The chains will not deal with an individual, so the author will be referred to a middleman know as a 'distributor'.

The distributor then signs a contract with the author and then distributes the book to the bookstore chains. The industry standard is that the distributor expects a minimum of 60% discount off the recommended retain price of the book. So if an author wants to sell the book at $50, he will have to sell it to the distributor at $20. The distributor then sells the book to the bookstore chain at $30. And the book is retailed to buyers at $53.50 (inclusive of GST).

This is an "industry standard" so there are usually no compromises. I'm sure someone like Benjamin, who works for a bookstore chain can attest to that.

So...

[Silverstreak]

Looks like better be a distributor or end seller than writing books!!

Isn't this another form of monopoly??

So......Can I set up a Pasar Malam( Malay for Nite Market) stall or a web base mail order and sell for your at $35??

[Yamfly]

This is just info for would-be authors and members here who would like to write their own books in future. The book trade is quite an interesting cartel in Singapore (and perhaps everywhere else as well - Will can enlighten us about the US market since he is a veteran author of books)

For example, if the author plans to sell his book in the open market at $50, and hopes to sell the book at our major bookstore chains. The chains will not deal with an individual, so the author will be referred to a middleman know as a 'distributor'.

The distributor then signs a contract with the author and then distributes the book to the bookstore chains. The industry standard is that the distributor expects a minimum of 60% discount off the recommended retain price of the book. So if an author wants to sell the book at $50, he will have to sell it to the distributor at $20. The distributor then sells the book to the bookstore chain at $30. And the book is retailed to buyers at $53.50 (inclusive of GST).

This is an "industry standard" so there are usually no compromises. I'm sure someone like Benjamin, who works for a bookstore chain can attest to that.

So...

Yes, this is what my merchandiser told me when I asked her about the possibility of selling the field guide in the store. From what I know, my store's minimum asking discount from distributors is 40% of the retail price on a one year returnable basis. Over this one year period, the store will be eligible to make a return for any unsold books to the distributor and like what Khew has mentioned if a book is priced at $50, $50 x 0.6 = $30.

[Commander]

Yes, when I asked the distributor, all he said was that "everyone needs to make a living". So he creams 20% off the author, and the bookstore creams another 40% off the author. So the poor author who wanted to sell his book at $50 ends up only getting $20.

[Yamfly]

And the measly $20 probably can't even cover the whole production cost.

[Painted Jezebel]

Thanks for this. I may have to reconsider my plans for a Samui butterfly book.

[Commander]

Thanks for this. I may have to reconsider my plans for a Samui butterfly book.

You should still press ahead. This monopoly only occurs as we don't have the resources/time to retail the book ourselves. If you have the time, and cut out the middlemen, then all these other hidden costs may be reduced.

It's also probably cheaper to publish in Thailand as compared to Singapore. John, our bees/wasp expert said that it's a lot cheaper in Hong Kong too, when he published his recent book.

So maybe there is still hope that you can get a book out soon.