Tuesday, 27 May 2014

Book Worms??

Indie Booksellers against Amazon

UK independent booksellers face reinforcements in the battle against the online retailer with a website that would support the high street traders, backed by the largest publisher in the globe.

A social network for book lovers called “My Independent Bookshop” was officially launched as an online space where any member can review their favorite books. The most important part is that readers are also able to purchase books from the website, and a small proportion of takings will proceed to support scores of local independent book stores.

About seventy shops are already connected to the network, and several hundred will hopefully add up soon. As for the proceeds, the reader’s nominated home store receives 5% of the revenues from every paper book they buy and 8% from every ebook. The service is a tie-up with the e-commerce website Hive. The latter has been offering similar services to local shops for the last three years.

Many book writers, including Terry Pratchett, Lisa Jewell, Alastair Campbell, Irvine Welsh and Tony Parsons, have appreciated the website and registered there during a testing phase.

The digital publisher at the service explained that national chains, like Waterstones or Foyles, hadn’t been included in order to support non-chain bookshops. The publishing giant wouldn’t make money from the website, but can see other benefits. They admit that the information is very valuable, and on the website it can be seen what is trending, what books are popular and how people are interacting.

In recent times, publishers found out that they are competing with an ever increasing range of entertainment choices on various mobile devices, with high street bookshops closing their doors in the face of competition from Amazon and other giants. Thus far, fewer than 1,000 independent bookshops remain in the United Kingdom, and the future of the industry is dim.

No comments: