Posted By Linda-Marie Barrett,
Thursday, April 10, 2025
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Once or twice a month the members of SIBA's "Influencers" group meet with SIBA staff to provide feedback on SIBA programs and discuss what is going on in the world of bookselling in general. At the moment, that world is...turbulent. Here are some of the tips they shared for managing a business in an uncertain and even chaotic economy:
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Prioritize paperback editions.
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Buy from the source (publisher or distributor) with best deals on shipping and discounts.
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Stock up on your bestsellers.
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Look again at backlist promos; they might be worth bringing in selectively.
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Purchase USA-made gifts and sidelines to support local industry and save money on shipping,
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Stock up on inexpensive sidelines like stickers and bookmarks, in response to customers’ feeling pinched economically.
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Lean into the “third space” you offer your community with supportive messaging.
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Tend to your book clubs, often your core market, to encourage gathering and being in community rather than isolating. For some stores, book club attendance is surging.
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Partner with other merchants to create additional opportunities to gather like Books & Brews, quiz nights, in-store or offsite bookfairs, silent book clubs at restaurants, etc.
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Fill the gap in access to important books: carry books your libraries can’t.
Take care of yourself, too. Contact Binc if you or your staff could benefit from mental health assistance.
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