In the book industry, Amazon is Goliath, the giant who overshadows everyone else. But there’s a new David on the scene, Bookshop. org
... [+]Idris Solomon
Profit from books sold through Bookshop will be split three ways, with 10% of the sale price going into a pool that will be divided among participating bookstores, 10% going to the publication that triggered the sale by linking to Bookshop.org, and 10% going to Bookshop.org to support its operations.
Bookstores don’t have to do anything other than register with Bookshop to share in the income from the 10% of every sale that will be donated to participating stores.Bookshop.org is independently financed, without venture capital backing. “Nobody’s going to get a 10x return on Bookshop because we give away most of our profits,” Hunter said. “It’s all committed individuals who care about bookstores.
But independent booksellers say they still have a tough time competing with Amazon, and that they welcome Bookshop’s efforts to support local book stores. “The fact that a percent of every purchase is going back to all participating indie bookstores makes people feel good about shopping” on the site, he said.
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