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1st Book Links Return Policy with Ingram at pricy cost to their authors! |
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Thursday, 05 February 2004 |
1st Book recently announced to their authors that an arrangement has been made with Ingram—the world’s largest book distributor—to handle returns from bookstores. In order for an author to have their book covered by the return policy, the author must pay a fee of $699 for the first year and then pay an annual $349 fee for each year their book is in the return program. Lightening Source is involved because they print all the POD books distributed through Ingram. However, at the present time only Lightning Source books with return privileges paid for by 1st Book authors will be sold as returnable. No mention was made if Ingram’s additional charge for restocking books will apply. As a 1st Book author, you’d have to ask yourself how many books you’d have to sell to earn how much in royalties to cover the cost to have your books sold as returnable to bookstores. When you do the math, you’ll discover you have to sell lots and lots of books to earn back the return charges. Ingram will surely have a bit of a logistical problem keeping track of which
books are currently in the program and which books aren’t accepted as returns.
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