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Transcript
What is Special Sales Marketing? Many authors and independent publishers lament, “I have 5,000 books in my garage. How can I get rid of them?” Their original dream of selling large quantities of books through traditional bookstores is shattered, like being awakened from a pleasant sleep by an ominous sound. If you find yourself in this situation there is still hope. You can sell your books to new buyers in special markets at any stage of a book’s life cycle. Selling to special markets may be no different from what you are doing now selling to bookstores particularly in the non-traditional retail sector. Hesitation in pursuing new sources of revenue is usually caused by 1) thinking bookstores are the only places in which to sell books and 2) not knowing where or how to find new markets, companies and buyers to which your books could be sold. For now, simply acknowledge that there is a potential opportunity for selling large quantities of books in segments other than the brick-and-mortar and online bookstores. What and where are these mines of cash? They are all around you, but you probably overlook them because they do not have canyons of bookshelves. They are disguised to look like corporations, associations, home shopping networks, book clubs, schools, catalogs, gift shops, retail stores, government agencies, military bases, supermarkets and drug stores. Sometimes publishers overlook these hidden sales opportunities because they are blinded by tradition. “I’ve always done it this way” has become their mantra, its soothing familiarity lulling them into a feeling of security befitting the passengers of the Titanic as they began their journey. Figure 1 Hesitation caused by uncertainty can be overcome by reading this book. Soon you will have more ideas for new sale opportunities than you will know what to do with. Figure 1 illustrates how “hidden” markets reveal themselves if you know they exist. When asked, “How many squares do you see?” most people answer sixteen. Then some beam proudly as they blurt out “seventeen” after seeing the large square around the perimeter. A peaceful satisfaction ensues, with the knowledge that all possibilities have been counted. Page 1 of 6 That is the way some publishers feel when looking for places in which to sell books. They see the obvious places -- national superstores, Internet bookstores, mall bookstores, independent booksellers and regional chains – and then console themselves with the thought that those channels represent their entire book-selling opportunity. Instead, stimulate your thinking by asking new questions such as, “In how many other places could we sell books?” Or, “Where else do our target readers look for information on our topic?” Or, “Who else could be a prospect for our books?” Such questions force you to seek additional possibilities in places in which your competitors will not be found. See Section Five for a question-and-answer technique that will grow your revenue. The purpose of APSS is to answer those questions. It will give you step-by-step instructions for finding the opportunities in special markets, and then contacting prospective buyers. You will soon be able to increase the sales, revenue and profits of your fiction and non-fiction books, regardless of the process used (i.e. offset printing, digital printing or electronic means) to produce them. Figures 2 and 3 metaphorically demonstrate how introspection may expose new sources of revenue. As additional squares, i.e., opportunities, reveal themselves. In fact, if you search creatively, you will find at least 30 squares where you might have originally thought there were only 17. These new squares might represent sales to schools, supermarkets, associations, hospital gift shops, a museum gift shop, a teachers lounge or through companies seeking a premium to entice and reward customers for buying their products. The important thing is to “look where everyone else has been looking, and see what no one else has seen,” to paraphrase Robert Kennedy. Figure 2 Figure 3 What is the difference? The difference is not huge, but it is hugely important. According to Chris Anderson in The Long Tail, “The average Barnes & Noble Superstore carries 100,000 titles. Yet about a quarter of Amazon.com’s book sales come from outside the top 100,000 titles. Consider the implication: if the Amazon.com statistics are any guide, the market for books that are not even sold in the average bookstore is already a third the size of the existing market – and what’s more, it’s growing quickly. If these growth trends continue, the potential book market may actually be half again as big as it appears to be, if only we can get over the economics of scarcity.” Page 2 of 6 Bookstores have been losing ground as the place to sell books. Over the past few years, sales of books to buyers in non-bookstore segments have exceeded those in traditional bookstore to the point that more than half of all book sales are in special markets. Still, special sales and trade distribution are not mutually exclusive approaches to book marketing. In fact, there is overlap in definition, strategy and implementation between the two. In some cases the channels of distribution are identical, as Figure 4 demonstrates. If your titles are listed with Midpoint Trade Books, they can sell your books to Barnes & Noble, Books-AMillion as well as airport stores. The same is true with other segments. Understand the similarities before looking into the differences; you may be farther along the path to selling to special markets than you know. Figure 4 Change your focus to see more clearly Non-traditional marketing is basically the process of writing quality content in response to an identified need, publishing it in the form desired by the reader and then selling it to people in defined groups of prospective customers. 1) Focus on the content of your book, not the book itself. A recurring theme of APSS is that what your book does is more important to buyers than what it is. This means that successful special marketing begins by writing content that will satisfy an unmet need in the marketplace, not in the author. Content is king in special marketing, and the old adage, “find a need and fill it,” was never more relevant. 2) Focus on people rather than on markets. It has been said the good doctors treat people, and mediocre doctors treat diseases. Adapting this to special-sales marketing, successful publishers market to people and average publishers market to niches. We talk about selling books to schools, or to the military or to corporations and sometimes forget it is the people in each of these to whom we are marketing. People buy books for their own reasons. People use books for their own purposes. Find out what those are and market to them. 3) Focus on the marketing end of the business more than the production end of the business. The concepts of frontlist and backlist are irrelevant in special markets. Publishing more titles to keep your frontlist current is not nearly as profitable as concentrating on selling those titles you Page 3 of 6 already have. “Booklet Queen” Paulette Ensign has made a business and a career out of selling one title over sixteen years. 4) Focus on getting people to buy rather than selling to them. This may seem like a minor difference, and it may just be a matter of degree. But today’s business buyers are more astute than those of the past. They are not simply looking for ways to reduce costs, but how to create value for their organizations. Discover what the customer needs -- which will probably be some combination of products and services -- then describe how you can help improve revenues, margins or brand image. Add value to their way of doing business. For example, you may be trying to sell a barbeque cookbook to buyers at Lowe’s or Home Depot. They do not want to sell cookbooks as much as they want to sell high-priced, more profitable barbeque grills. So you could sell your cookbook by demonstrating to them how it could be used as en enticement to get people to buy the grills. They could use your book – rather than sell it – by giving one away with each grill purchased. This is the concept of cross merchandising. 5) Focus on the differences of your content, not on its sameness. Authors, particularly of fiction, sometimes describe their book as being similar to a current trend leader by saying, “It’s the next Harry Potter,” or “It’s like Tipping Point, but better.” Buyers do not want more of what they already have. They want to hear how your information is different from the better-known titles, and why it is better. 6) Focus on push vs. pull. Push marketing is directed at the channel members, helping them sell more books to the next higher level in the distribution network. On the other hand, pull marketing is directed at the ultimate consumer, making people aware of your title and getting them to buy it. While both strategies are important, push marketing is the preferred strategy in non-retail special-sales marketing and pull is the strategy of choice in retail marketing. 7) Focus on what you can control. There are four primary activities you can control in book marketing: 1) its content and form, 2) the price at which you sell it, 3) the ways in which you distribute it and 4) how you promote it. The responsibility for success falls squarely upon your shoulders as you direct and control the journey of your title from manuscript to its ultimate buyers. Product control. The format in which it is delivered, while relevant, is not mandated as a book. It could be a booklet or even a series of podcasts. Distribution Control. In non-bookstore marketing you can devise your own sales channels to various segments. You might sell your business books as textbooks or through airport stores; your book about dogs, in Petco or to the ASPCA; or your book about car safety to driver-training companies or automobile manufacturers. You might sell your romance novel in supermarkets, negotiate with Godiva Chocolate Company to use it as a premium, or have cruise ships and limousine services purchase it as a gift for their passengers. Page 4 of 6 Pricing control. In non-traditional marketing, competitive titles are usually not on a shelf next to yours; so immediate price comparisons are unlikely. The price ceiling is raised, if not eliminated. At the same time, distribution discounts may be eliminated and your print run could be higher. A strategy of pricing your titles based upon the value they offer the customer is more the rule. The result is more pricing flexibility and more leeway in offering price incentives such as discounts, two-for-ones or coupons. It is entirely possible that you could lower your list price and still be more profitable. Promotion control. You no longer have to cringe when a careless newspaper editor misinterprets your press release, or when a reviewer pans your book. Instead, you can create and communicate your story in your way. You have the freedom to directly contact people by mail order, telephone or personal visit to make your case and negotiate the terms of sale. 8) Focus on market segments instead of the mass market. Some people looked at Goliath and thought he was too big to hit. David looked at him and thought he was too big to miss. You might look at special-sales marketing and think, “Is the non-traditional market big enough to approach, or is it too big?” The answer is yes. A market of $16 billion is too big to pass up, but it is too big a market in which to compete profitably -- if you look at it as one goliath market. Selling books is much like selling housing. Not everyone in the housing market is seeking a similar residence. There are groups of people with preferences for apartments, condominiums, colonials, contemporaries or ranch houses. Within each segment, some people may also demonstrate a unique preference for layout, location, yard size and color. There are demographic breakdowns in age groups that buy certain styles, as well as psychographic differences among people who buy particular homes to express themselves. There is also geographic segmentation for those who prefer city dwellings vs. homes in the suburbs or in rural settings. Perhaps an example will help you transfer this concept to selling books. Michael Andrew Smith’s Business-to-Business Golf: How to Swing Your Way to Business Success is a book that can help sales people develop successful business relationships while playing golf with their clients. He could market to companies that sell sporting goods, or appear on national or local television and radio shows. But much of his effort would be wasted on people who are not interested in his subject. The total market for sports products is depicted in the larger circle in Figure 5 as being made up of several smaller segments. These could be school athletic programs, retail sales through sporting-goods stores or even in the sporting-goods section in stores of larger retailers such as Target or Wal-Mart. But few of the people in these segments are prospects for Michael’s book. He is targeting one sub-segment: sales people interested in using golf as a means to improve relationships and sell more of their products. Page 5 of 6 Figure 5 Segment of sales people who use golf as a means of conducting business Instead of creating a mass-communications program, he chose to implement a strategy of marketing only to people who could use the information in his book. To approach people in this segment he sold through online stores such as www.GolfWarehouse.com and golf pro shops. Mr. Smith could barter advertising space for articles written for golf magazines (Golf and Golf Digest). The readers of airline magazines might be interested in articles about business-to-business golf, as would editors at magazines whose readers include sales people and business executives. And there are niche mailorder catalogs catering to golf-related books and products, including www.GolfSmart.com. Sales managers might purchase Business-to-Business Golf to give to their sales people. Firms that manufacture golf equipment & accessories could use it as a premium or as a self-liquidator. The national PGA and the state PGAs might use it as a sales promotional tool to promote golf as a business sport. Michael could approach associations like National Association of Sales Professionals (http://www.nasp.com/) the Hospitality Sales & Marketing Association International (http://www.hsmai.org) or the Canadian Professional Sales Association (http://www.cpsa.com/) to speak at their conferences or have them use his book as a premium. The essence of special-sales marketing is this concept of segmentation, the act of breaking the mass market down into smaller pieces, each more relevant to your particular title. Once these niches are selected, you create and implement a separate marketing strategy for each. TIP: The more carefully you define each niche, the more successful you will be in penetrating it with information people in that niche find important. Page 6 of 6