Books Reborn in Paperback
Last month, The Wall Street Journal had an article (on the front page, no less) about books that did OK in hardback but exploded in paperback.
Elizabeth Gilbert’s Eat, Pray, Love, for instance. Viking initially printed 30,000 copies of the hardback, but the paperback version has sold 1.4 million. The Kite Runner went from 110,000 copies in hardback to 5 million in paper, and The Secret Life of Bees from 126,000 to 4.67 million.
The article said that Eat, Pray, Love’s breakout success was no accident, that it was the result of a “series of calculated moves” on the Publisher’s part. But I believe the truth (also admitted, but only after the jump to P. 11) is simpler than that: women loved the book, so they told their friends about it.
As, one by one, newspapers drop first their book section and then book coverage altogether, there has been a lot of “Woe is Me!” hand-wringing (mostly by the critics, whose jobs depend on that coverage).
But book publishers traditionally have done little market research. They rarely study what a customer wants, nor how effective their advertising and publicity efforts are. Consequently, I think the industry has put far too much weight on newspaper coverage and not nearly enough on word-of-mouth. I did an informal study in May of the books I’ve read or plan to read, and I found none of the books (none!) via newspaper review. A few I learned about on NPR, but most were either recommendations (personal, bookstore or blog) or just caught my eye in the store. And with ordinary people blogging about books (that is, recommending them to their online friends), the word-of-mouth factor is more important (and more powerful) than ever.
What Penguin (Eat, Pray, Love’s publisher) DID do was keep the book in print longer than 90 days. Because bookstores don’t have to pay for books for 90 days and because they can return them at no cost, many books that are not sold in the first three months are returned. The publisher often (usually) “remainders” them–sells them at a steep discount or turns them into paper mush. Books that are remaindered in 90 days don’t get the chance to develop that critical word-of-mouth. Another thing Penguin did was watch the numbers: when Eat, Pray Love continued to sell, one copy at a time, and booksellers continued to restock it, one copy at a time, they kept it available. Then when they released it in paperback, the developed a careful plan to stoke the word-of-mouth fires.
It’s encouraging to see a major publisher doing this kind of research and allotting their publicity dollars based on which books have “legs” (which are already getting informal buzz). It’s encouraging to see any book news on Page 1 of the Wall Street Journal!
But what I most enjoyed about the article? All but one of the books mentioned (full list below) I’ve either read or they are already on my To Be Read shelf, and most of them, I read in hardback. To me, that means if the publishers learn to read the market data for books that have legs, the books *I* like to read should be more and more available. And that’s definitely good news to this reader!
Books with legs (according to The Wall Street Journal):
Eat, Pray, Love by Elizabeth Gilbert
The Kite Runner by Khaled Hosseini
The Secret Life of Bees by Sue Monk Kidd
The Memory Keepers Daughter by Kim Edwards
The Glass Castle by Jeanette Walls
Reading Lolita in Tehran by Azar Nafisi
Snow Flower and the Secret Fan by Lisa See
I would add to this list
Water for Elephants by Sara Gruen
The Time Traveler’s Wife by Audrey Niffenegger
October 3, 2007 at 8:45 pm
Perhaps, too, the publishers are getting it through their boneheads that there is a wide audience of readers out there who simply can’t or won’t pay $20 to $30 or more for a book they’re not sure they’ll like.
October 6, 2007 at 12:55 pm
Yes, exactly. I really like the Trade Paperback Originals, for that very reason.
October 16, 2007 at 2:43 pm
I noticed that a number (if not all) of these titles were titles I recognized as being promoted through Target’s Bookmarked book club. What do you think about that–do you think that has anything to do with the success of their sales?
October 18, 2007 at 8:58 pm
I’ve been mulling over this for a couple of days now. I’m SURE Target’s book club helped the sales. No question.
What I don’t know is whether the book club chose those books when they heard the buzz? Or whether the buzz was generated by the book clubbers?
I suspect they worked together to create this gorgeous synergy that moved the books off the shelf, and the writers into the stratosphere.