Essentially, it's a coop. Each writer pitches in enough per month to pay for rent and overhead. How cool is that? I'd like to see this model in other parts of the country where tourists gather. (Or where people are still accustomed to reading print.)
Take a look at the Gulf Coast Bookstore's website. It's inspiring.
(And you know what else a few dedicated self-published authors could do? Form a coop publishing company. We really need to stop going it alone.)
First Bookstore Dedicated to Self-Published Authors Opens in Florida
By Judith Rosen, Publishers Weekly
Frustrated by a lack of opportunity to display and sell their work, self-published children’s author and illustrator Patti Brassard Jefferson and history author Timothy Jacobs decided to create a bookstore of their own, Gulf Coast Bookstore, and to only sell books by indie authors.
“It’s just hard to compete with Stephen King or Dan Brown in a mega-bookstore that has tens of thousands of books for sale,” says Jacobs.
Although Jacobs came up with the idea for a bookstore that would showcase indie authors a few years ago, he and Jefferson didn’t act on it until recently. When a space became available in downtown Fort Myers, Fla., last month, the store came together quickly. On April 1, the pair held a soft opening for Gulf Coast; the grand opening followed on April 10.
Gulf Coast operates very differently from a traditional bookstore chain or independent. Self-published authors rent shelf space for three months for $60, plus a $15 set-up fee, close to what they might spend to exhibit a single title at a day-long book fair. They also handle stocking and restocking. In return, the authors receive 100% of every sale rather than 40% from a bookstore that sells their books on consignment.
The reason Jefferson and Jacobs can afford to give authors such a high percentage of sales is that they are operating what Jacobs describes as “pretty much a self-sufficiently run bookstore.” Butterfly Estates handles sales and credit-card processing and runs a weekly sales report. “If we had to do this as a standalone on our own,” adds Jefferson, “we’d have to have staff and pay for utilities.”
Jefferson and Jacobs rearrange inventory every two weeks to keep the space fresh. There is no curation of authors. According to Jefferson, the only criteria is “they have to be local.” She and Jacobs also cap the number of titles in any particular genre the store carries at six. Children’s books filled up first for the initial inventory. Other areas represented include education, fantasy, local history, and memoir.
Each writer—currently there are 37 with another 16 authors to be added on May 1—can display 10 copies of a single title or up to 10 titles with one copy each. Authors can also place bookmarks, business cards, or brochures about their work on shelves.
Read more HERE.