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The Truth: Book Awards, Bestsellers and Contest Winners

Posted on November 13th, 2008 jean No comments

I’m going to tell you things that may shock you today. Or at least make you think ‘what the hell?’ Are you ready?

First of all the Giller Prize. A fancy, dancy book award. Turns out Giller Prize books may not even be read by the judges. Uh, huh. You heard me. They end up with more books nominated than the poor judges could read in a year. So what do they do? Well, some of them grab page one, read it, flip through to about middle, read another page, then flip to some spot near the end and read there too. If they like those couple of pages, then it wins. Yup. That’s why some award winners make you wonder.

Bestsellers. Until about two years ago bestseller lists were compiled not actually from how well books sold. There wasn’t even a way to tell which books were selling the best. Newspapers with their bestseller lists would call up local bookstores and ask what they thought was selling the best. Dear lord. I’ve heard that in the past few years things have changed and that the lists may actually be accurate. Still, it kind of makes you wonder, doesn’t it?

And Amazon’s bestselling list (while magical in its formula–and a secret too) is also misleading. You can claim that your book was a book that sold in the Amazon top 100. Okay, yes. Maybe it did for a second. But that means pretty much nothing, according to some. It seems as though the results can be tinkered with and you can make your book launch into the bestselling 100 for a minute or two if you have the right technique. Some argue that you can’t. Basically, from what I hear, nobody’s buying it if you claim amazing stats from your book sales over on Amazon. Unless you are Dan Brown or JK Rowling.

Back to contests. Aspiring writers are told by some to enter contests left, right and center. Go win one. Go place in one. If you do, you’ll get an agent’s attention, plus you will have some credentials to put in your query. Thing is, apparently nobody cares unless you win. Thing is, you have to win more than your local contest. You have to win a major contest. MAJOR contest. Otherwise, the assumption is that you were simply the best in the pile of crap that came in.

Sorry to shatter your perceptions, but well, it had to be done. I hope you’ll forgive me.
book news book sales, contests, Giller Prize, writing contests
Canadian Dollar and Book Sales

Posted on October 22nd, 2008 jean 1 comment

Once upon a time, not too long ago, people in Canadian bookstores were getting into fisty cuffs over book prices. You see the Canadian dollar began to soar to heights previously unknown. The problem is that in Canada books are marked with American prices and Canadian prices. The American price is always much lower than the Canadian price. (For example, a $3 difference for the average paperback.) It seemed as though Canadians got a bit tired of getting stiffed with unreasonable prices. And so they began throwing books back at Canadian booksellers when they wouldn’t give them the American price (in Canada). It seemed as though some folks forgot that just because the Canadian dollar was currently higher than the American dollar, it did not mean that we all got to pretend we were suddenly Americans in American bookstores and should be getting American prices. Nobody thought about the fact that these books had likely been purchased while the Canadian dollar was low and that there are usually increased costs in deliverying a book to Canada, both accounting for a higher list price. Plus, there is also the small fact that the Canadian dollar would not remain on the top of the heap forever. Eventually some books began to reflect the high Canadian dollar in regards to price and some booksellers honoured the American price from time to time. Yet, in the back of our minds, we knew it wasn’t something we could enjoy forever.

And now the time has come. The Canadian dollar, according to Publishers Lunch, has declined to its lowest point in three years. So what does that mean for booksellers and book buyers in Canada? Well, book prices are going to go back up, right?

“The plunge has been so quick that it leaves little time to react heading into the holiday season. Harper Canada ceo David Kent says that “there is a mad scramble to reprice US imported books; the difficulty is that there has been a yo-yo effect on the exchange rate” making it hard to set a new price level.” (Publishers Lunch, October 22nd, 2008.)

“If the Canadian dollar does not rebound soon more systemic repricing will be necessary though for now most executives have a wait-and-see approach. Davidar says “we’re being cautious about taking any new pricing decisions until we have a better sense of where the dollar will be in a few months’ time.” Practically speaking, broad repricing takes time. “It takes us from four to six months to change the prices on front-list titles; backlist would depend on when titles come up for reprint.” Hanson says “we are being careful about jumping too quickly. We don’t anticipate any changes through this holiday season.”" (Publishers Lunch, October 22, 2008.) That means lower prices still in effect! Yippeee!

“As Random House Canada president Brad Martin points out, consumers should be the winners in holiday buying.” [Yes!] ”"Books are even a greater value now then they were a month ago. This is a message that the entire industry in Canada should get behind as we move into the fall gift giving season.” With publishers’ margins taking a big hit, even more rides on those holiday sales. “We will have to sell more books to make up that shortfall,” Martin adds.”

So what is the moral of this story? Go buy some books! Forget about other gift ideas, books are where it’s at. To save the publishers, buy everyone on your Christmas list a book this year. I think I will.
book news book prices, book sales, Canadian dollar, publishers and the Canadian dollar, publishers lunch

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Welcome to my Website and Blog

I am an aspiring fiction writer (children's, women's and commercial) and a represented nonfiction writer. I am also a member, critiquer and site moderator over on AgentQueryConnect.com. Thanks for stopping by. Feel free to jump in the conversation and leave your thoughts in the comment section.

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