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Viewing: Blog Posts Tagged with: BookScan, Most Recent at Top [Help]
Results 1 - 11 of 11
1. Bookscan: Kids’ comics and The Walking Dead ruled bookstore sales in 2012

It's my FAVORITE day of the year, when Brian Hibbs posts the year-end sales from bookstores via the Bookscan chart. Now we know these numbers are significantly low, but as I always say, they present a metric. The huge take away? Well, we all knew The Waking Dead was a juggernaut,—sales in this franchise would have made it the #3 publisher all by itself—but after that it's kids comics all the way, led by the maybe-comics of Dork Diaries, but following by Big Nate, Ninjago, Ursula Vernon's Dragonbreath, Drama and so on.

16 Comments on Bookscan: Kids’ comics and The Walking Dead ruled bookstore sales in 2012, last added: 2/19/2013
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2. Bookscan - can it stay relevant? Is it accurate?

An article in Forbes (which seems to be a UK-version of Forbes) takes a look at Bookscan, which claims to track 80% of physical book sales in the US.

Maybe that 80% is right for some authors, but not for me, perhaps because it doesn’t count library sales. For one of my books, the Bookscan number was only 22 percent of what it really sold. That’s a far cry from 80 percent.

The article suggests that Bookscan might be becoming obsolete.



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3. Question for published authors: Bookscan via Amazon

Are anyone else's numbers looking screwed up for the week beginning Sept. 12? Like sales falling 95% for some books?




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4. What’s So Great About Those Bookscan Numbers, Anyway?

Wherein I Expose Myself as a Bit of a Numbers Nerd

Okay, so a lot of the hoopla and hysteria has died down about Amazon introducing limited Bookscan data to authors. Now that the surprise has worn off and those that were liable to be shocked and dazed have recovered, let’s talk about just how useful a tool they can be. Especially now that we’ve talked at length about the very many different ways success can be measured and achieved, these numbers shouldn’t hold terror for you.

Because yes, I always come down firmly on the side of the more information the better and knowledge is power and any permutation of such sentiments.

Plus, isn’t it better to know if the numbers aren’t great early rather than later? Because if you find out early enough, at least you can do something if you want to. [Note: This is a luxury that applies mostly to children’s and YA books. As I understand it adult books have a much shorter window to ‘make good’ and by the time you realize it’s not happening, it may be too late to do much about it. Kids books, by virtue of their sales channels and distribution patterns, usually have six to twelve months, often longer.]


Important Caveat: You are only allowed to look at and play with your sales numbers if you can be professional about it and not panic and whine to your agent or editor. If numbers make you hyperventilate or break out in welts, best to come back next week. ☺ Also? Don’t engage in any of the following activities while you are in an active, creating phase. Save it for a fallow or dormant time.

So the first thing to do is begin recording your weekly sales numbers (by book) on a spreadsheet of some sort—either computer based or plain old paper. The thing is, four weeks of data is pretty much meaningless. It is putting that data in context where we can see patterns and trends and directions. So record your weekly sales. Not only are you compiling important information, but it is also a great metaphor/microcosm for the cyclical, up and down nature of publishing that you can see with your own eyes. Your book might spike one week, then be on a downward trend for the next two, then spike back up in the fourth week.

If you have more than four books out, as I do, and you only see three titles listed in the graph then a nebulous “other” listing, you CAN find out your sales numbers by individual title. Up at the very top left corner of the screen where it says All Books, there is a little orange arrow. Click on that to reveal each individual title’s numbers. (I actually just found this out last week.)

One reason it can be so helpful to see this information real time is that, if you’re lucky, you might be able to detect a cause and effect with your marketing efforts. After a series of Skype visits, or a blog tour, or school visits you may be able to see your numbers move, which will be a good indicator of which type of activities have an impact on your sales. However, it is also important to remember that sometimes the impact a particular activity has may not show for a while, so only use this in a reinforcement type capacity—not as a means of eliminating stuff.

See if you can get your agent to finagle some sort of performance expectation from your publisher or editor so you’ll have a benchmark you know you’re shooting for. Although a good rule of thumb is the goal of earning out your advance within the first 12-18 month

10 Comments on What’s So Great About Those Bookscan Numbers, Anyway?, last added: 3/10/2011
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5. I Can Haz Bookscan?

I'm obsessed with numbers. Obsessed. I used to call this automated toll-free number Ingram had that reported how many of your books had shipped. When they discontinued the number, I was left with Amazon, which still represents such a tiny fraction of the books sold.

Right now, I'm lucky. One of my publishers does quarterly royalty statements (practically unheard of) and one of my editors has sent me several notes to let me know how many copies of one book have shipped to date.

But that's shipped, not sold.

And then there's Bookscan, which supposedly tracks 75% of sales (no Wal-Mart, though, and I don't think any library sales). But these are real sales, not books shipped to bookstores (which can and returned to the publisher for credit). I even emailed Bookscan to ask about purchasing the right to see one ISBN, which supposedly cost $85. They never replied.

Amazon's Author Central now allows authors to see their own Nielsen Bookscan weekly data for the last 4 weeks. For free!

You can read the LA Times article here.. I'm just glad it's only updating weekly. Because that Ingram number was like crack cocaine.



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6. Things You Need To Know About BookScan

Since so many of you have signed book contracts or  seeing the your book hit the shelves, I thought you might be interested in this post that Alan Rinzler had on his blog.  This is important information to know about your sales.

Here’s Alan (make sure you link over at the bottom – there’s more):

An author friend of mine couldn’t figure out why he was having so much trouble selling his new book.  He had a respectable list of published books to his name, a regular schedule of speeches and workshops, and a solid platform in print and broadcast media.

So on a hunch, I looked him up on Nielsen BookScan, an industry service for publishers that reports actual book sales by ISBN number at retailers across the country.

There was the answer in black and white. The sales figures for his last book were dismal.

He was shocked at the news, certain that the numbers were wrong.  In fact, he was only dimly aware of BookScan and didn’t really understand what it was or how it worked.

Big mistake.

BookScan numbers are like an author’s credit rating

All book publishers (and some savvy authors) subscribe to Nielsen BookScan.  The very first thing an acquisitions editor does is check a published author’s Nielsen numbers, when considering a new submission.

Nielsen BookScan tells the naked truth about how many copies a book sells. It produces weekly tallies via electronic links to thousands of cash registers across the country. This is no guess or anecdotal report. It’s all ka-ching, straight from the till.

The numbers may as well be carved in stone.

“We only report what we receive from cash registers, and we never change our numbers,” said Jim King, the go-to guy for book publishers at Nielsen in a phone interview at the company’s White Plains, NY offices.

“The book may have sold additional copies, but not through our reporting outlets. An author’s book might have sold at non-reporting retailers like Wal-Mart or book clubs, but we have no way of including that.  So there’s no way anyone can request us to change an ISBN report.”

Recent BookScan results may determine whether a book is acquired

The most recent Nielsen numbers will therefore have a powerful impact on whether or not a book is acquired in the first place, since publishers take these numbers as indications of the new book’s potential success.

Poor recent numbers may put a damper on a publisher’s enthusiasm to sign up your major new opus. I’ve known authors with a long track record of success slip into a marginal status with a single recent sales failure.

Brutal but true.

How Nielsen numbers impact bookseller orders

Even if a book is ultimately appealing, recent low Nielsen numbers will impact the all-important realistic projections for the new book’s potential sales.

This can affect not only the advance, since most publishers predicate the amount paid on signing on projected first year sales — but also the first printing.  That’s because sales reps know that the major accounts will also consult Nielsen as well as their own internal records to determine how many they’ll order of the new title.

In some case, they may actually pass. That’s right, book buyers may skip ordering any copies at all if the author’s last book had unimpressive performance numbers.

How Nielsen collects sales data

Nielsen says that they cover about 75 percent of retail book sales in the United States.  In a typical week, they track sales of more than 300,000 titles by their ISBN numbers, at nearly 13,000 retail accounts in the United States, including Amazon, the n

6 Comments on Things You Need To Know About BookScan, last added: 10/30/2010
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7. Bookscan Is Great—Except When It’s Not

STATUS: I’m sure I don’t have to say that yesterday was a little hectic.

What’s playing on the XM or iPod right now? SIMPLE DAY by One Eskimo

As an agency, we have a subscription to Bookscan and every Wednesday, we send out a sales reports in Excel spreadsheets to each of our clients for their published titles. (FYI--Nielsen is a subscription service that captures point-of-sales information from certain retail outlets.)

This sounds great. Real sales numbers! Except not every retailer reports to Bookscan. Some key accounts like Costco do report but other key accounts like Walmart do not.

Which means that Bookscan is not a whole picture of how a title is doing.

So over the years, I’ve created our own system of calculating how accurate it is by comparing the royalty statement sales to the Bookscan number sales and capturing the percentage difference.

For some genres, it can be off by 50 or 60%. That’s a lot. The numbers for literary fiction tend to be a bit more on target as Bookscan seems to capture about 70% of sales for this segment.

Why is this important? Well, if you are a midlist author looking to move houses, well, guess what numbers the editors are looking at in order to base a decision of whether they want to offer for you or not? You guessed it. Bookscan.

And if that number is only capturing 50% of the sales… I have to firmly argue the actual sales numbers and sometimes, that doesn’t matter. The house will often make a decision based solely on those Bookscan numbers. Hugely frustrating as you can imagine.

By the way, Bookscan does not currently capture digital point-of-sales. Yeah, that’s going to need to change as more and more sales are done digitally in the upcoming years. And yet another problem with Publishers deciding that Bookscan is a reliable reflection of sales…

16 Comments on Bookscan Is Great—Except When It’s Not, last added: 7/17/2010
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8. Self-Published Revisited

A comment appeared on my post about self-published works that I felt warranted its own post.

Question: Where do the agents and publishers get the sales numbers for a self-published book? The author? Does the author provide financials as proof? Or is there another way to know for sure how many copies have been sold (not just printed)?

Publishers and agents will get this information from Bookscan, and while we all know by now that Bookscan isn’t perfect, and you can read more in my previous post on the subject, we also know that it’s the go-to for publishing professionals when it comes to numbers.

And this is the struggle with Bookscan. If you’ve gotten even a few stores to carry your books it can tweak your numbers significantly and, if you’re getting the kinds of numbers most publishers and agents are looking for, it should appear somewhere on Bookscan.


Jessica

9 Comments on Self-Published Revisited, last added: 6/12/2010
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9. Bookscan

Back in June agent Andrew Zack wrote a series of posts on Bookscan and since then I’ve received a number of questions from authors asking my thoughts on Bookscan and my recommendations for how authors can track Bookscan numbers or their numbers in general.

For those not familiar with Bookscan, let me explain briefly that Bookscan is the book version of the Nielson TV rating system. It tracks and monitors sales of books in various outlets. However, like any mass tracking system it’s not perfect. Bookscan does not track every sale in every single outlet and certainly there are some major stores missing from the list, most notably Walmart.

Bookscan should not and typically is not taken into account if you are going back to contract with your current publisher (they have their own, more accurate, numbers to look at) or if you are a debut author. However, where Bookscan most predominantly comes into play is for authors looking to change houses or those who might have self-published and are now looking to find a publisher for that self-published title or the next book. Publishers are not going to be able to call up a competing house and say, “Hey, we’re looking to steal your author, care to share the numbers?” and because of that they have to go to the next most reliable source, Bookscan. This helps give them a feel for what kind of orders they can expect from bookstores. And yes, they do realize that Bookscan isn’t complete, but, especially for books that they don’t expect outlets like Walmart to take, it can help make a determination as to expectations.

So how does this impact you as an author and do you need to track your Bookscan numbers? Certainly it’s helpful to have as much information as you can about yourself and how you’re perceived, but Bookscan is really expensive and I do not think the cost is worth it for an individual author, especially since it’s not a complete accounting. The very best place to go to learn how well your book is doing and what kind of numbers you’re getting is your publisher. Call your editor, or have your agent call your editor, to find out what sales look like. However, if you still, even out of curiosity, really want to know how you look on Bookscan (and it can’t hurt unless you let it), organizations like RWA have considerably cheaper Bookscan subscription fees; keep in mind, however, that the RWA subscription only tracks the top 100 romances and therefore wouldn’t be helpful if you’re writing in any other genre.

Here are my thoughts: if you can get a less costly subscription to Bookscan that’s useful for you, like through RWA, do so. It’s worth it just to see how your book and others are tracking. It’s also helpful for you to be able to see trends and keep track of the market. However, the really important numbers are those that are coming through on your royalty statement. Those are the numbers that matter and, in the end, that stand out to everyone as the ones to watch. If you are tracking Bookscan I would say do so with the same attitude you track your ratings on Amazon or B&N.com. They are a sign of how well your book is doing, but not the whole picture.

Jessica

9 Comments on Bookscan, last added: 8/22/2009
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10. Looks Like a Million To Me: How I Realized that Amazon’s Kindle and Sony’s E-Reader Were Exceeding Sales Estimates

By Evan Schnittman

[A Full Disclosure Note From Evan] Let’s be clear from the start: Neither Amazon nor Sony have told me anything. I get nada, zilch, bupkis when I ask even the most circumspect questions about their respective device sales. If it has to do with Kindle or Reader, I get the standard “go away” line. I have not manipulated sales data, be it OUP’s or any other publisher. I have not analyzed Amazon or Sony ebook sales statistics or rankings. I have not found any secret documents. I have not broken into the vault, I have not cracked the code, I have not had prophetic dreams - well, not about any e-ink devices anyway…

What I do have is a subscription to DIGITIMES that has led me to some pretty outlandish and, I think, substantiated conclusions about Kindle and Sony Reader sales figures. Before you dismiss me as loopy check out the evidence…

When the Kindle first launched there was plenty of predictions about how it and its predecessor the Sony Reader would sell. Over time the chatter died down, halted partly by the Kindle going out of stock. At the end of April, the chatter returned and hit full volume after last week’s Book Expo America in Los Angeles. The catalyst was Jeff Bezos’ speech, which let out some tantalizing, yet cryptic information on ebook sales volume at the Kindle store. The chatter, as reported in the NY Times, has publishers and others speculating that Amazon has sold somewhere between 10,000 - 50,000 Kindles.

I think all the speculations are completely wrong. By my calculations, combined sales of the Amazon Kindle and the Sony Reader will be 1,000,000 units in 2008. This estimate is based on solid data.

The Evidence
Amazon and Sony both use the 6-inch electrophoretic display (EPD), also known as an e-ink screen. Both companies buy their EPD’s from Prime View International (PVI) of Taiwan. DIGITIMES, a daily news service covering the Taiwanese IT market, reported on April 18th, in a story entitled PVI EDP shipments to grow sharply in 2008, that PVI expects EPD module shipments to reach 120,000 units PER MONTH in the second half of 2008. It further explains that the unit price of the screens are $60-$70 per unit and that the current volume has been 60-80,000 units PER MONTH.

Also intriguing is the article’s claim that 60% of the EPD’s go to Amazon and 40% go to Sony. This is an important factor as it implies that there is a market beyond Kindle – a very, very strong market. Taking the figures at face value, Sony was selling (or at least manufacturing) an average of 28,000 readers per month (I took 70,000 units as the average sold per month and then 40% of that). Using this monthly rate, the annual sales of the Sony Reader are at nearly 350,000 units. Using the same formula, Amazon is ordering an average of 42,000 units per month, which will add up to over 500,000 units sold this year.

With production ramping up to 120,000 units a month these numbers will look much better - to the tune of a combined 1.4 million units over 12 months! Even with the Kindle out of stock for a big chunk of the first and second quarter, combined sales of these two e-ink devices in 2008 will most likely top 1 million. If a million devices are out on the street looking to feed, and we know they primarily eat one kind of food, ebooks, then what must this mean for the ebook sales?

Jeff Bezos said last week that ebook sales in the Kindle store had hit 6% of book unit sales. What this means is that of the 125,000 titles available in the Kindle store, the sales of ebooks represented 6% of the sales of those same 125,000 titles in print formats. Another interesting thing that Bezos said was that Kindle buyers purchase at a rate of 2.5 times more than print book buyers… food for thought when thinking through your ebook strategy.

One can draw some ebook sales conclusions from this information. For example, the number 2 seller at the Kindle store is The Last Lecture by Randy Pausch. According to Bookscan, in 4 weeks this book has sold 784,158 units. For the sake of argument, lets ascribe 75,000 units (10% of total sales, a reasonable guess) to Amazon. If Kindle sales were 6%, then Amazon would have already sold 4,500 ebooks. That’s 4,500 people with Kindle’s buying a single title in 4 weeks!

While its clearly amazing that in one month an ebook can sell 4,500 units it is not the best way to calculate the ebook sales impact of Kindle and Reader. A better way to approach this is through good old-fashioned guess-timation. Taking stock of my own experience and the experiences of others I know, I found that ebook buying on either the Sony Reader or the Amazon Kindle ranges from 5 ebooks to over 100 ebooks. Assuming that anyone who buys an e-ink ebook reader is doing so to read ebooks, lets assume that 10 ebooks a year is a reasonable purchase estimate. Using this logic, we should see 10 million ebooks purchased for these two devices in 2008.

The IDPF estimates that in 2007 ebook sales income was $31,800,000 with the caveat that the actual retail income could be as much as double due to retailer discounts, so lets assume that the sales actually totaled $60,000,000. If we use an average retail price of $12 per ebook sold, and if consumers will buy 10 ebooks a year, then they will spend $120 on average, per device. That would lead us to $120,000,000 in ebook sales for the Kindle and the Reader in 2008, double all ebook sales in 2007. (For those of you who cannot swallow the idea of 10 books purchased per device – cut it in half. The result is $60,000,000 in ebook sales – as much as last year!)

Success in technology, like everything else, leads to more success. It’s not uncommon to see five-fold growth the year following a successful technology product launch. Think iPod, think Wii, think Blackberry. Whole micro-economies emerge around products that range from accelerated content creation, and all sorts of aftermarket products and services. Versions 2.0 and beyond create better and better devices. The better the devices, the more accessories, the more content there is, and soon a whole world of business opportunity is rolling downhill picking up speed.

With this in mind, I can easily imagine the success of Kindle and Reader dramatically expanding next year and growing by a factor of five. If that happens, then the formula above leads to a completely new ebook economy. Five million devices would mean ebook sales of $1,200,000,000, which, by my estimation, is 1.3% of the current global book market of $90,000,000,000.

This reminds me of a comment I heard from a music industry executive at a conference a couple of years ago. “One day there was the iPod and iTunes. The next day 20% of our business was digital. The day after that more than 50% of our revenues came from digital music. Yeah, we believe in digital music now.”

I personally don’t see publishing becoming a 50% digital business as books and cd’s are completely different animals. But I sure can see that the 3% - 4% I once predicted isn’t such a crazy notion any more. And yes, I believe in ebooks.


Evan’s PictureEvan Schnittman is OUP’s Vice President of Business Development and Rights for the Academic and USA Divisions. His career in publishing spans nearly 20 years and includes positions as varied as Executive Vice President at The Princeton Review and Professor at New York University’s Center for Publishing. He lives in New Jersey with his wife and two children.

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11. Today’s Tip for Setting Your Writing & Publishing Goals for 2008

WritingAs a children’s writing instructor and a writing coach, I help writers set their writing and publishing goals at the start of each new year.

In the next few days, I’d like to share a few tips for setting your writing and publishing goals for 2008.

Here’s today’s tip:

When setting your goal(s), make sure each goal is something you have control over.

Many writers set goals like: I want to have three published stories in Highlights magazine by the end of this year.

That may sound like a great goal. But actually, the writer really has no control over whether or not three of his/her stories will be accepted and published in Highlights or any other magazine.

So, if the person setting this goal isn’t able to make this happen, he/she feels like a failure, when actually, his/her stories may have been rejected by Highlights (or any other magazine) for a variety of reasons that the writer has no control over.

A much better goal would be this: I plan to SUBMIT three stories to Highlights magazine this year.

See why that’s a much better goal?

You DO have control over this.

You CAN make this happen.

You CAN write and submit 3 stories to Highlights (or any other magazine) this year.

And, at the end of the year, you will have met your goal – whether or not the stories were accepted for publication.

Eventually your stories will be accepted for publication in the magazines you are submitting them to if:

1) you have learned what it takes to write a good story for kids,

2) you’ve constantly practiced writing and improving your work, and

3) you’ve done your market research so you are actually sending your stories to appropriate markets (by that I mean, the magazines that are right for the types of stories you are writing).

Look at your goals today.

Do you have control over whether or not you reach these goals?

If not, rethink your goals.

Create goals that are not dependent on outside forces, things you really have no control over.

Then do whatever it takes to achieve those goals this year!

Happy writing!

Suzanne Lieurance
The Working Writer’s Coach

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