Question
Topic: Strategy
Magazine Distribution
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My last question was centered around advertising. This question is centered around distribution.
I am currently looking to increase the national distribution of my magazine by connecting with bookstores (and other places that sell magazines) across the U.S.
Here is my dilemma: While I can easily get my magazine into a bookstore, it doesn't seem like it's going to be cost-efficient for me.
Or maybe I'm doing it wrong?
Here is what I'm looking at right now: I want to contact 100 bookstores this month and send them a free evaluation issue of the magazine.
Let's say all 100 of them decide to order the magazine (which it probably won't be all 100, but just bear with me).
I figure it like this: The bookstore owners are there, they know their customers; so I want them to tell me how many magazines they want to order.
I would rather do that because I don't want to send them x amount of magazines, and then have the added dilemma of them having to mail a lot of magazines back because they didn't sell.
So I want the people that are "on the ground" (i.e. the bookstore owners) to give me an assessment, and tell ME how many magazines they want to order.
And then, here's my main dilemma.
The magazine has a shelf price of $2.50. I want to receive $1.50 back from each sale.
So if a bookstore orders 10 magazines, then they will pay me $15 and then they will make the $10.
So here's my first problem: I will have to mail the magazines out to all 100 bookstores.
So I'm looking at my mailing cost, in addition to the production of the magazine itself in this endeavor. This is going to be my front-end cost.
So I want to tell each bookstore to pay the $15 upfront before I even mail the magazines.
Do you think that's a good idea?
First question.
My second question is (yes, I'm sneaking in a 2nd one) this:
How do I maximize my profit?
Because again, my front end cost is going to include my cost of producing the magazine along with the mailing cost. If a bookstore only orders 10 magazines, I'm only making $15.
Which means with the cost of the production of the magazine and the cost of mailing added in, I'm barely making a profit.
What is your advice for me in this situation? Thank you in advance.
Because, what I'm doing right now is connecting