8/27/2023 0 Comments Ny time booksThe ranks are based on the sales the books make per week. The New York Times Best Seller is a list of most popular books in the United States. Surely all of them can’t be good enough to deserve the spot? Well, here is why. To have one’s book in the list, even if it is for a week, is considered honorable. ResultSource managed the speaking, book ordering, and distribution of the books for us during the tour.Do you ever wonder why almost every book you come across is a ‘#1 New York Times bestseller’? The New York Times bestselling list is one of the most prestigious lists for book readers and authors. ResultSource booked us for various speaking events in many of our cities during our 2010 book tour, where we went to 23 cities over 3.5 months on the Delivering Happiness bus.Īt many of those events, people paid to come watch me speak and receive an autographed copy of my book. ResultSource CEO Kevin Small did not reply to a voicemail. We will not comment beyond our methodology on the other questions. Here's the reply I got from a spokeswoman: "The New York Times comprehensively tracks and tabulates the weekly unit sales of all titles reported by book retailers as their general interest bestsellers. I called and emailed the Times with several questions, including whether it was aware before today of ResultSource's activities. Yet when Hsieh's book debuted on the list in 2009, it had no such symbol. Books that benefited from bulk sales are supposed to have a dagger icon next to them to denote that fact. The Times's methodology (which you can find at the bottom of this page) samples sales from a diverse range of retail outlets, a measure specifically intended to weed out books whose sales surge is a product of artificial demand. What about the publishers of the various bestsellers lists - particularly the all-important New York Times list? Still, Amazon disapproves strongly enough of ResultSource's methods that it told WSJ it will no longer do business with the company. (You can read Hsieh's full statement at the bottom of this post.) Via a spokeswoman, Hsieh confirmed that he hired the firm and detailed the services it provided. The company's website features an endorsement from Zappos CEO Tony Hsieh and a breakdown of the campaign it mounted behind his book "Delivering Happiness," which included a Groupon offering of 1,600 copies. Yet ResultSource's methods aren't exactly secret. "It’s no wonder few people in the industry want to talk about bestseller campaigns," he writes "Put bluntly, they allow people with enough money, contacts, and know-how to buy their way onto bestseller lists." Kaplan expresses significant reservations about taking part in what is essentially a laundering operation aimed at deceiving the book-buying public into believing a title is more in-demand than it is. Kaplan settled for making the Journal's list, reaching the pre-sale figure of 3,000 by securing commitments from corporate clients, who agreed to buy copies as part of his speaking fees, and by buying copies for himself to resell at public appearances. So it would've cost more than $211,000, and that's before ResultSource's fee, which is typically more than $20,000. I would need to multiply these numbers by a factor of about three to hit The New York Times list. To ensure a spot on The Wall Street Journal’s bestseller list, I needed to obtain commitments from my clients for a minimum of 3000 books at about $23.50, a total of about $70,500. With a $27.95 list price, I was told that the cost of each book would total about $23.50 after various retail discounts and including $3.99 for tax, handling and shipping. Soren Kaplan, a business consultant and speaker, hired ResultSource to promote his book "Leapfrogging." Responding to the WSJ article on his website, Kaplan breaks out the economics of making the list.
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