All material
IOBA
|
IOBA Standard - Vol III, no. 2
Keeping Track Of A Changing Marketplace
Current Trends in the Used Book Market
By Susan Siegel
Book Hunter Press
Back in 1992 when David and I started Book Hunter Press, building a database of
used book dealers was fairly straightforward. Dealers generally fit neatly into
three categories: open shops, by appointment or chance dealers, and mail order
only dealers. While there was some overlap between the categories, by and
large, anyone interested in selling used books had three business models to
choose from.
Not anymore. The Internet has changed all that.
For dealers, the Internet has opened up an array of new selling options and, at
the same time, given dealers the ability to choose a business model that suits
their personalities and meets their diverse lifestyle needs.
These same changes have also presented Book Hunter Press with an ongoing
challenge: to develop new systems for gathering information about a constantly
changing marketplace and disseminating that information in a timely manner to
book hunters throughout the world.
Three e-mails in today's inbox illustrate how we are meeting that challenge.
In the first e-mail, a dealer informed us that after three years operating an
open shop, she would be closing her store at the end of May, relocating to
another state and reopening as an Internet only dealer. From the long list of
reasons why shops close, this closing fit into the "good news"
column: Romance. The owner was combining households with the person she has had
a long distance relationship with. For this dealer, both the relocation and
change in dealer status will be noted in the upcoming printed Supplement to the
Used Book Lover's Guide to the Pacific Coast States
. Once the shop is officially closed, the changes will be uploaded to the
online version of the Guide.
The second e-mail came in the form of a "Dealer Information Form"
from our web site and provided us with a new listing for a recently opened
store in Nebraska. By next week, the information will be uploaded to the
Used Book Lover's Guide to the Central/Western States
database and anyone searching for used bookstores in Nebraska will be able to
add this shop to their visit list.
Unfortunately, the third e-mail returned my earlier message as
"undeliverable" and confirmed my suspicion that after the owner's
death a few months ago, the store was not likely to continue in business. If
there's no response to our follow up postcard, the store will be deleted from
the database and listed as "closed" in the next printed Supplement to
the
Used Book Lover's Guide to the South Atlantic States
.
(Before deleting a closed store from the database, we try to learn whether the
dealer is continuing in business as either a by appointment or mail
order/Internet only dealer.)
Several other changes were made to the database that day, including a
Pennsylvania store that moved within the same city, adding new listings for
open shops in Indiana and Missouri, changing the addresses for two dealers who
relocated out of state, adding a new area code in Michigan, updating several
e-mail addresses, and changing the hours for an open shop.
|
Current Trends
Taking into account all the additions, deletions and dealer category changes
that have taken place over the past 10 years, the bottom line reflects a
steadily increasing number of used book dealers, and perhaps even more
important, a steady stream of new brick and mortar shops.
As the figures in Table I show, between 1993-1996 and 1997-2000 there was an
18% increase in the total number of dealers and, over the same time period,
a
13% in the number of open shops.
Between 2000 and the first quarter of 2002, while the overall number of
dealers
has continued to increase, with the exception of New England which
continues to
show a net GAIN in open shops, there has been a slight (4%) decrease in the
number of open shops.
Of the 362 new open shop listings added to the Book Hunter Press database
after
the most recent edition of the regional
Used Book Lover's Guide
was printed, 160 of the 362 opened after 1996 and many of the new shops
were
opened by dealers who, prior to 1996, sold books on a by appointment or mail
order basis.
The new owners range from enthusiastic and energetic young couples in their
twenties to retirees who are realizing a life long dream of owning a
bookstore.
We've also spoken to many new owners in their 40's and 50's who were simply
"burned-out" in their previous jobs and made a lifestyle choice to
"do what I enjoy doing." (Profiles of some of these new owners
can be
found on our web site. Follow the "Report on the Used Book Market"
link.)
Will all these new stores succeed? Probably not. But chances are many
will. I
still remember visiting an enthusiastic young man in 1992 only a few months
after his store had opened. Today, three locations later, the same dealer
is a
member of the ABAA.
Will more long established stores close? Probably yes. Sometimes we forget
that
many of these dealers are in their sixties and seventies and are looking
forward to retirement, and in some cases, their second retirement. Thanks to
the Internet, some will continue in the business as part time mail order
dealers, spending the rest of their time traveling, on the golf course,
enjoying their grandchildren and no doubt reading all the books they never
had
time to read.
Will there be a shakeout of dealers -- in all categories -- and possibly a
leveling off of growth? Probably. When and how much, that I can't predict.
However, based on past experience, I believe there will also be a healthy
number of new dealers (including new open shops) starting up.
I just hope that David and I can continue keeping track of everything and
everybody.
1
Included in these figures are dealers who sell at least some used hardcover
books and whose business has been verified by phone, snail mail, email or
personal visit. They do not include paperback exchanges that are 100%
paperback, dealers who sell only at book fairs, dealers who have not
responded
to our inquires and whose business operations could not be verified and
relatively new Internet only dealers who did not inform us of their
business.
|
|
Is Your Business In Our Database?
We could use your help.
If you're already in our database, please let us know if and when you move
or
change your dealer status or your e-mail address. Even let us know if you've
changed your inventory mix, or your hours. Thanks to the Internet, we can
quickly get this new information out to the book buying public.
If you're not currently listed in our database, we invite you to complete
the
online
Dealer Electronic Form
on our web site,
www.bookhunterpress.com,
and let us know about your business. The database includes open shops, by
appointment and mail order/Internet dealers, as well as dealers who display
in
multi dealer antique malls. And -- there's NO CHARGE for the listing.
Why keep your business a secret?
|
|
Table 1
|
REGION
|
# of Dealers (1993-1996)
|
# of Dealers (1997-2000)
|
Net Change in # of Dealers (1992-1999)
1
|
# of Bookstores (Open Shops) (1993-1996)
|
# of Bookstores (Open Shops) (1997-2000)
|
% Increase in Bookstores (Open Shops) (1993-2000)
|
Bookstores (Open Shops) Opened Since 1995/96
2
|
|
New England
|
774
|
881
|
+14%
|
354
|
413
|
0.17
|
78
|
|
Mid-Atlantic
|
915
|
1160
|
+27%
|
444
|
534
|
0.202702703
|
109
|
|
South Atlantic
|
634
|
962
|
+52%
|
458
|
622
|
0.358078603
|
121
|
|
Midwest
|
1052
|
1339
|
+27%
|
640
|
757
|
0.1828125
|
99
|
|
Central/Western
3
|
1270
|
1,270 (1996)
|
---
|
938
|
938 (1996)
|
---
|
---
|
|
Pacific Coast
|
1361
|
1500
|
+10%
|
1006
|
1064
|
0.057654076
|
126
|
|
Total
|
6006
|
7112
|
+18%
|
3840
|
4328
|
0.127083333
|
533
|
Table 2
|
Region
|
Number of Dealers
|
Bookstores
(Open Shops)
|
%Bookstores (Open Shops)
|
By Appointment
|
%By Appointment
|
Mail Order
|
%Mail Order
|
Booths in Antique Malls
|
%in Antique Malls
|
|
New England
|
881
|
413
|
0.47
|
244
|
0.276958002
|
181
|
0.205448354
|
43
|
0.048808173
|
|
Mid-Atlantic
|
1160
|
534
|
0.460344828
|
298
|
0.256896552
|
295
|
0.254310345
|
33
|
0.028448276
|
|
South Atlantic
|
962
|
622
|
0.646569647
|
138
|
0.143451143
|
122
|
0.126819127
|
80
|
0.083160083
|
|
Midwest
|
1339
|
757
|
0.56
|
225
|
0.168035848
|
225
|
0.168035848
|
132
|
0.098581031
|
|
Central/Western
|
1270
|
938
|
0.74
|
131
|
0.1
|
141
|
0.11
|
60
|
0.047244094
|
|
Pacific Coast
|
1500
|
1064
|
0.709333333
|
218
|
0.14
|
192
|
0.128
|
26
|
0.017333333
|
|
Total
|
7112
|
4328
|
0.61
|
1254
|
0.17632171
|
1156
|
0.162542182
|
374
|
0.052587177
|
Home
|
Mission Statement
|
Code of Ethics
Book Terminology
|
Description Definitions
Contact Us
Member Dealers Contact Info
|
Membership Application
Links to Book Related Sites
Problems? email the
Webmaster
|