Is subscription-based book publishing a viable alternative?
Long-time readers of this blog know that one of my main interests is new, workable models for the publishing industry. The current model is out-of-date, antiquated and goes against the grain of most other business models for consumer products (what other industry, other than publishing, demands that manufacturers take back product that doesn’t sell?).
One idea that has intrigued me for a while now is a subscription-based book publishing service. Here’s how it can work: A publisher (usually a small press in a niche market) markets directly to consumers, bypassing bookstores altogether. The consumer pays a one-time annual subscription fee and each month, the publisher sends the subscribers a new book on their catalog.
Of course, there are variations on this. The frequency of books sent to subscribers would vary with how many books a press published each year. And like magazines, the cost of the subscription would include shipping, handling, etc.
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