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lindalouwho

posts: 21

Nov 16, 2007 4:10 AM ET    Quote  Report Abuse
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I started my book publishing business approximately a year ago, specializing in gift books and some non-fiction. My original intent was to publish in the area I know best - computers, but I veered off into gift books because the opportunity presented it self and I ran with it. In this first year, I got the books in most of the gift stores, in Walmart and grocery stores, in airports, etc. I sold at local markets and gift bazaars. Originally a distributor handled the sales, but I had to drop her when she failed to pay. (She eventually paid, but not after trying to badmouth me to the stores she sold to.) I know I could have sold more during the summer, but I wanted to wait until the badmouthing died down before I approached customers.
Most sold out during the selling season, and several reordered. I also realized the distributor hadn`t sold to everyone, so there`s still a big untapped market. I also realize there`s a lot no one is doing in my `space` at least not in my area of the country.

My conundrum is this - I`m slowly running out of money. I have to buy the books in advance and in some cases (Walmart) wait months for payment. The income isn`t enough to do any factoring, and my credit is so poor I wouldn`t be able to get a loan. I have three more books that are coming up that may end up doing really well. I know if I just rented a car and drove from store to store, I`d sell a heck of a lot. Many authors started that way and a few have made millions with that type of sales push. So I know it`s doable.

But I`m pretty worn out and miss making lots of money doing what I used to do. I`m also middle-aged and looking at my bank balance I realize I`m way behind many people I know my age who worked their lives at a good government job or other job and have a nice retirement. I`ve been a constant contractor and have little to show for my life monetarily. (I don`t owe anyone, but if I don`t start turning a corner, I`ll be broke.)

I know I haven`t made a 100% effort. More like 60%. (I could do lots more in the sales department.) I know I`ve also made some decisions based on short-term, not long-term goals and published books that were clear loosers or hooked up with authors/artists that were more time-consuming than money-making.

I live in a place I am really realizing I don`t want to live (Alaska- at least not during the winter). I also realize it`s such a small market, there`s a cap to what I can make. So that may contribute to my uncertainty. It`s a very small place with limited sales potential. When I compare it to living closer to my family, the sales opportunities are huge in comparison, but the place definitely not as unique. That stats are this - in the tourist market there are some 1.7 million tourists who come here, as opposed to 214million that go to Texas (where my family lives). 600,000 people compared to 20 million. One Barnes in the city I live, as opposed to 16 in just the one city my family lives.  
How do  you know when it`s time to throw in the towel or batten down the hatches and forge ahead? How do you know it`s the area you live? (I`ve lived here for 20+ years.)

I do love MAKING the books and I have done sales and am good at that. And I do get jazzed when a project I did comes rolling off the presses, but not so much when I collaborate with others.
I could use some advice or stories about being down only to find the tale turn. what got you motivated and how do you stay motivated when you see everyone else pass you by? If anyone would like to chime in on my situation, feel free.
 
I`ve been in this biz for less than a year, sold about 7,000 books, haven`t made a profit yet, but think I could if I moved.
CookieMonster

posts: 60

Nov 16, 2007 4:26 AM ET    Quote  Report Abuse
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Great post.

1. How hungry are you for success?

2. How hungry are you for security?

lindalouwho

posts: 21

Nov 16, 2007 2:06 PM ET    Quote  Report Abuse
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Great questions. Two I hadn`t really even thought about, to be honest. I was so entrenched in the day to day things. I think I`m afraid of success.
CraigL

posts: 9051

Nov 16, 2007 10:39 PM ET    Quote  Report Abuse
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Here`s another approach, as I can`t tell you how you evaluate your risks in your conundrum. But reading your post, I got the impression that part of what`s wearing you down is your comparison with "all those other folks" our age who are sittin` pretty. They`ve worked all their lives, accumulated property, a portfolio, a retirement fund, IRAs, securities, and they`re just kickin` back waiting to retire.

Is that really true?

Not so long ago I was working a regular job, making enough to have a decent life. I was bored mindless, but didn`t know it. Then I fell into an opportunity to write a book and make a lot of money from it. "Ah Hah!," I said to myself. "I`ll be a professional writer!"

Not too long after, my life went into the tanks. I have no credit, no money, I`m barely afloat, and pretty tired to boot. For awhile, I also looked at all my peers, contemplating how "lucky" they were not to have a driving passion---a daemon, so to speak.

They had a house, bank account, money, time, barbeques, a working car. I thought maybe how foolish was I, that I had nothing approaching middle age.

Then I got to looking at the time so many of those folks spend traveling for business. I looked at how quickly jobs disappear through outsourcing and downsizing. I watched whole retirement funds vanish at the stroke of a pen, when a corporation got into financial trouble.

I met lots of people online, in chat rooms, IRC channels, forums, and the like. The never-ending refrain seemed to be how lucky *I* am! I`m doing what I want, I have a passion, nobody tells me what to do, I make my own decisions!

:-D The bottom line is that the grass always looks greener on the other side of the fence. Don`t let yourself get too dragged down in a false competition. One of my favorite bumper-stickers is, "He who dies with the most toys, wins!"

Is that true? What about the old Socrates line that an unexamined life isn`t worth living? Does passion, creative energy, and personal satisfaction count? If it does, and you`re feeling despair, can`t come up with any new ideas, and aren`t at all satisfied with what you`re doing, does that mean you lose? Have you failed?

Read the biographies of just about any successful person and you`ll see the recurring thread. It`s the old quest myth, where there comes that slough of despond----utter despair. Nothing is working, nothing`s going right, you`re being used and abused, and all you want is to lie down in a hole and sleep.

The trick is to persist. How you do that is up to your, but I can say this: We choose from only two fundamental perspectives of life. Either life is random, or it`s organized. It`s a binary choice---either/or. You can`t have it both ways, and you either intentionally choose to believe one or the other, or you live by accident.

If life is random, then nothing is true. Gravity is luck, the moon and sun accidentally show up each day, and the ocean could just as well turn into cement. But if life is organized, and it doesn`t matter how or by what, then there`s a plot. :-)

And although we may not ever know the plot or who`s the author, we can hope that whatever it is knows what`s going on.

Where there`s hope, there`s life.
lindalouwho

posts: 21

Nov 17, 2007 2:15 AM ET    Quote  Report Abuse
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Craig,
 
Thank you for that thoughtful post. You`ve given me a lot to think about. I see what you mean about people appearing `greener` on the other side. I think the universe is trying to tell me something and part of what you say is what I need to listen too.
 
Thanks for taking the time to respond.
winston2

posts: 122

Nov 19, 2007 2:32 PM ET    Quote  Report Abuse
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I don`t think you are giving yourself enough credit. You have been in business only one year, you have sold 7000 books and have 3 or 4 new ones ready I think it is a good start for the first year. You mentioned moving 3 or 4 times in your posting, I think it would be a good idea for you to move. You would be by your family, a larger market, and a place to take this adventure to a new level. No it would not be as unique and Alaska but that does not sound like whats bothering you. It`s the lack of sales and money. Living in this larger market you will be able to sell a lot more, find better distributors to work with and go on with your life. You can always move back to Alaska after you have made it.
 
You have all ready identified what you need to do. Get off you butt start selling and get the money coming in.
lindalouwho

posts: 21

Nov 19, 2007 2:42 PM ET    Quote  Report Abuse
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winston2
 
Thanks.
Again, more of what I need....a good kick in the butt. You and the rest have provided me valuable insight.
 
I just did a couple of holiday bazaars and sold hundreds of books in a few days with probably less than 30,000 people coming thru. I realize I`m onto something and can sell. But living in a place that`s `landlocked` it`s a finite number and I`ve already sold to about 1% of the population here. If I can do that here, I could do that elsewhere and the sales would be much higher. As I look out the window, and see nothing but blizzard and realize I`m missing my family, I think it`s time to move and come back in the summer to sell to what really the market is here. It`s a good place to start, but as you point out, not to end up. Thank you.
CraigL

posts: 9051

Nov 19, 2007 10:29 PM ET    Quote  Report Abuse
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Another thing here is to really identify both your true product, and your niche. We originally thought we were selling signal flags. Then we thought we were selling banners, then messages. But when all is said and done, it comes down to our selling "secret" messages---in a colorful, but historical manner.

After we`d figured out what we really are selling---and notice it`s not flags---we then began studying our Google analytics to see what are people searching for. We spent time working out the SEO writing on the Web site, and promoting our site through whatever freebie systems we could find.

Kathy`s great at that stuff, and found Squidoo, the local Merchant`s Circle, and of course SuN. Lindalouwho, you should at least have a profile and web site on your profile. That gets crawled all the time, along with your signature.

Point is that you can promote yourself more online, to supplement the smaller market you`re in. If it doesn`t matter all that much where you live, then Winston`s ideas are excellent. On the other hand, if you really want to stay where you are, then get going more witht the e-commerce thing. Marketing, y`know...? :-)
lindalouwho

posts: 21

Nov 20, 2007 1:58 AM ET    Quote  Report Abuse
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Craig,
 
More good ideas. Yes the online component I need to work on. I`ve been letting bookstores and online bookstores do that for me, but it isn`t cutting it. You`re right. marketing.
 
But I think I`m done with this place or at least am more leaning towards snowbirding it. I went to Seattle a couple of weeks ago and when I got off the plane the feeling of `wow` things are hopping, hit me like a huge wave. I could almost smell the `progress` in the air there and also in Texas.
 
That`s just not the feeling here. It`s very `negatively competitive` here. It`s been like that for awhile. It used to feel like a real amazing place to do anything. Now it feels more like a place where people go to get a good government job or if you`re in small business watch out! Might be me. But if I felt so much different some place else, I think it`s the universe telling me something. I`m going to give it a good week or two of selling after thanksgiving here, then do the same in Texas for a month or two. And compare results.
 
After shoveling snow today, I realize this is not where I want to live in the winter. And since you can`t drive to another state....that`s the hard part. A lot of the sales require face to face contact with people.
 
Again, great suggestions and everyone has given me lots to think about. Keep `em coming. I`ll keep you posted.
 
CraigL

posts: 9051

Nov 21, 2007 12:20 AM ET    Quote  Report Abuse
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There`s a really interesting phrase floating around: "The definition of insanity is to keep doing the same thing repeatedly and expecting different results." But there`s a philosophic problem with the idea, just as there usually is in cliches and platitudes.

The problem rests on the fundamental structure of objective truth, objective values, and reality. For example, let`s suppose that you`re a prisoner back in World War II in a concentration camp.

If you follow the above phrase, then if you continue to try to escape, fail, but expect that the next time will be different, you`re insane. So let`s get a bit more granular---another thing platitudes routinely fail to accomplish.

What do we mean when we say do the "same" thing repeatedly? Do we mean the concept of attempting to escape, or do we mean digging exactly the same tunnel, in exactly the same place, with exactly the same process?

Now consider another example. Suppose everyone around you, everywhere you go, believes that the optimal way to live is to use government programs. But you`ve decided that being self-sufficient and self-reliant are a better way to go. Further suppose that in order to pay for those programs, the government is taking more and more money from people like you.

Not only are you losing more and more money, but there`s intense pressure from the consensus to stop and "go with the flow." You continue to do the same thing, trying to start a business, and continue to fail. Does that mean you`re insane? Is there NO objective value to the principles of self-sufficiency?

It comes down to having a clear vision of your values, your ideals, and the kind of life you want to live. It means to know how to explain to yourself and others why you`re repeatedly doing something that "appears to be" failing. And it`s one of the most difficult and dramatic pathways people can choose in life.
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