Will ‘Going Rogue’ Actually Make Money?
Wednesday, November 11, 2009 at 3:37 pm
I’ve noticed for weeks that Sarah Palin’s memoir “Going Rogue” had been heavily discounted at Amazon.com, a result of a price war between the online retailer and big buyers like Wal-Mart. So I’m not surprised by Sarah Weinman’s report that the book might not make a profit for HarperCollins unless it clears 400,000 sales.
It may not be in HarperCollins’s interest to bank so much of its fall projections on Going Rogue. The publisher had a huge bust this year in Jonathan Littell’s massively hyped thousand-page novel The Kindly Ones, for which it paid $1 million that it didn’t come close to earning back… And until recently, the company’s 2009 earnings have been brutal, in line with sales of hardcover books, which have plunged 12.3% from last year, according to the Association of American Publishers.
In the end, will it matter for Palin? I don’t think so. If Michelle Malkin’s “Culture of Corruption” could top the New York Times bestseller list for five weeks, surely Palin will top it for at least one week. Palin’s book merely needs to produce juicy gossip and place her in potentially competitive 2012 states to be a “hit,” and it’ll do all of that. Early reports claim that the book skimps on policy, which is the one area commentators and possible 2012 rivals always say she needs more polish, but they don’t really mean it. The more interesting measure of Palinmania might be whether she can pull tie-in books like Matt Continetti’s “The Persecution of Sarah Palin” onto the bestseller list.
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5 Comments
Comment posted November 11, 2009 @ 9:30 pm
I worked for eight years in the book business. The Amazon-Wal-Mart-Target price war won't affect HarperCollins. The stores are ones losing money on the book. It's being used as a loss leader.
A key channel for Palin's book will be book clubs. Eagle Publishing's Conservative Book Club should see a boost in their membership. I'm sure there will be boosts in Christian book clubs. But due to the size of the book (supposedly over 500 pages) I don't know if it'll be a hit with casual, soccer mom book clubs.
Comment posted November 12, 2009 @ 6:36 pm
I think you might be missing the point. The question wasn't whether Harper earning back her fat advance should matter to Palin (it shouldn't–political books have virtually no shelf life so you grab the advance and don't worry about returns). It is whether it matters to HarperCollins.
Comment posted November 12, 2009 @ 11:36 pm
I think you might be missing the point. The question wasn't whether Harper earning back her fat advance should matter to Palin (it shouldn't–political books have virtually no shelf life so you grab the advance and don't worry about returns). It is whether it matters to HarperCollins.
Pingback posted November 25, 2009 @ 2:46 pm
[...] “non-partisan” Washington Insider commented on the profitability of her book: In the end, will it matter for Palin? I don’t think so. If Michelle Malkin’s “Culture of [...]
Comment posted May 28, 2010 @ 12:29 pm
No, going rogue won't make you any money. I promise.
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