Chelsea Green in the Recession
The latest installment in Scott Esposito’s series on how to publish in a recession features Margo Baldwin of Chelsea Green, which just finished its best year ever. Margo’s responses are really interesting—especially her predictions about the future:
Scott Esposito: As someone who has been publishing for quite some time, do you think the industry is at a crossroads?
MB: Indeed I do. It needs to reinvent itself: get rid of returns and huge advances and all the waste inherent in the system. Amazon has perfected the ordering to demand systems and other booksellers need to do the same. It’s no longer feasible to push lots of books out and then take them all back; way too wasteful. E-books and digital content will continue to grow, but will remain relatively small compared to printed books for awhile. Bricks and mortar stores will need to reinvent themselves into community activist centers with a mission in order to keep their customers. Chains will become less important except for the megahits and brand name authors. Backlist will continue to migrate to the internet.
SE: What parts of the publishing industry do you think will look different in a few years?
MB: Everything! Publishers will be more niched and using POD and e-books for penetration into certain markets. Bookstores will be transformed as above. General trade stores will stay afloat by being linked to Amazon and other Internet sites to gain commissions on backlist sales from their customers, while concentrating on frontlist titles. Many general trade publishers will have gone out of business or drastically reduced in size. More content will be published online and by subscription. More user-generated content will be sold. As the industrial culture crashes, how-to survive and thrive self-sufficiently will gain in importance.