What if you truly enjoy teaching and have a knack for it?  And what if you’re the type who actually looks forward to the end of summer and to getting back into the classroom?   And what if you could make $100 per hour this summer just by indulging your love of teaching?  

Now that I have your attention, how would you like to write a textbook?

Let’s assume that you devoted the entire summer — equivalent to roughly 500 hours at 40 hours per week — to authoring a modest-length college-level textbook in a subject area for which there isn’t yet a truly ideal existing book.    If that book generates, say, $50,000 in total author royalties over its lifetime, you will have earned $100 per hour in deferred compensation for your summer’s labor.  That sounds like a lot of money.  But how difficult is it really to achieve that kind of return?

Let’s assume that the above royalties are accrued over a ten-year period, implying average royalties of $5,000 per year.  How realistic is this?  The following table illustrates some of the possibilities:

It would take a very special book indeed to earn an author $100 per copy in royalties, and it’s unlikely that such a book could be written in even two or three summers. But how about a $10 royalty? That’s within the realm of possibility, and it would require only 500 copies per year to be sold over ten years to yield an average of $100/hour return on your summer effort.

This sales rate is very close to (indeed, somewhat less than) the average sales rate of the first two books we published: A First Course in Atmospheric Radiation and A First Course in Atmospheric Thermodynamics.

But wait, those two books each have a wholesale price of only $36!  What textbook publisher would ever give an author a royalty of almost 28%  on net sales?  Answer:  We would, for the right book!

It gets better:  The larger the potential sales, the more amenable we will be to negotiating an even more generous royalty rate.

Why?  Because our business model is explicitly based on giving prospective textbook authors the financial incentive they need to devote their precious summer hours to writing that textbook that every other instructor in their specialty wished already existed!

Additional incentives include

• The opportunity to help keep textbook prices low for students.
• Complete editorial control.
• Retention of copyright.
• Rapid turnaround after completed manuscript submitted.
• Access to university bookstores.
• Listing on Amazon.com.
• Option for electronic publication (e.g., through the Apple Store).
• The possibility of a limited term contract so that you can switch publishers later if you’re unsatisfied with Sundog Publishing.

Intrigued?  Submit a preliminary book proposal here.

This book will target advanced undergraduates in atmospheric science and will introduces students to the essentials of finite difference methods, numerical stability, numerical parameterizations, and related topics.

The tentative timetable is for this book to go to press by the end of 2012.  Additional information, including table of contents and how to request an examination copy, will be posted as it becomes available.

If your campus bookstore is a Barnes & Noble store, please be advised that Sundog Publishing is currently not accepting orders from those stores owing to what we view as an unreasonable requirement that their vendors utilize UPS Collect for all shipping of books.

There are five reasons why we view this requirement as unreasonable:

• UPS shipping costs are significantly higher than US Postal Service Media Mail service.
• No past book shipment to B&N stores via USPS Media Mail has ever been reported to us as lost or excessively late.
• We do not have regular UPS pickup at our facility, so shipping via UPS requires us to hand-deliver packages to a UPS Store several miles away.
• The nearest UPS store does not accept third-party billing, which B&N requires.
• No other vendor we deal with, large or small, has a similar requirement.

If you have previously depended on your Barnes & Noble College bookstore for our textbooks, please see this page for other options.   And please note in particular that these other other options can save your students money as well!

We hope to quickly negotiate an exemption from B&N’s shipping policy so that we can resume accepting orders from their stores.

In the meantime, we apologize for the inconvenience and thank you for your understanding.

UPDATE April 21, 2012:

Despite two messages to Vendor Relations requesting an exemption from the UPS shipping requirement, we have received no response to that request after more a month and a half.   We take the lack of response to mean that they do not intend to grant the exemption.   We apologize in advance to those who will be inconvenienced by the inability to order our books through their Barnes and Noble College Bookstore in the usual way.  Please see this page for other ordering options.  And please feel free to contact your bookstore to express your dissatisfaction with B&N’s shipping policy.  And of course please feel free to contact us as well.

We don’t intend to get into policies or politics here, but we’d like to make two important points:

• It is currently much cheaper to mail books via the USPS than to send them via any other service.
• It is also much less trouble for a small business like ours, with less-than-daily shipments,  to prepare books for mailing than it would be to use UPS or FedEx.

Let’s start with cost.   We can send a 1.5 lb. book anywhere in the United States for $2.82.  It may take 2-8 days to get there, but it gets there.  We have shipped over 6,000 books to date via USPS Media Mail, and only two copies have gotten lost or damaged in transit.

Want it faster?  The same book sent by USPS Priority Mail currently costs $4.82 and arrives in 2-3 days!

The same book sent from Wisconsin to, say, California, via UPS Ground takes 4 days and costs $14.43.  What if we send it just across town?  Still $11.96!

By shipping our books via USPS Media Mail, we estimate we have saved students and other customers over $40,000 in shipping costs alone.

What about convenience?  If we use UPS, we have to prepare a separate shipping label and then physically transport the package to a UPS office several miles away.  We occasionally do it for various reasons, but it’s a serious annoyance.   Although larger businesses can automate the creation of labels and also have regular UPS pickups, this is not an option for a business of our size.

Preparing a shipment for USPS mail pickup, on the other hand, is a piece of cake: (1) Use the invoice slipped into a clear adhesive envelope as the address label, and (2) affix the correct postage in the form of digital stamps.   And unless the shipment is large, it can be picked up by the regular mail carrier.

Bottom line:  We love the U.S. Mail, and we hope it will get the support it deserves from Congress and from the public.   They could triple the postage rate for Media Mail, and it would still be a bargain compared to UPS.

What do we lose by not using UPS or FedEx?  Tracking numbers.  And we’ve never missed them in six years of mailing books.   They just get there.  Yours will too.

When it comes to both the availability and the pricing of a product, the Law of Supply and Demand works best (from the customer’s perspective) when (a) those creating the demand are also the ones paying the price, (b) when the demand is elastic — that is, when an unreasonable increase in price leads to a sharp drop in demand and thus in the supplier’s profits, and (c) the profit potential is sufficient to motivate a supplier to provide, or continue providing, an essential product or service even when the market is small.

With textbooks, the demand is created by instructors who assign the reading for a class of anywhere between 10 and 400 students. But it is the students who pay. The demand is rigid – most instructors don’t assign the textbook based on price but rather based on pedagogical suitability for their course, and students have to buy it. And for many advanced courses, there may be only one suitable textbook on the market. So that textbook, within its particular narrow niche, enjoys no less of a de facto monopoly than Microsoft enjoys in the computer world.

To illustrate my point, let’s take J.D. Jackson’s Classical Electrodynamics. It has been around for 45 years (it is now in its third edition). It is one of the most widely used advanced physics textbooks ever and has undoubtedly sold many tens of thousands of copies, if not more.

The list price for Jackson is $96, and the current discounted price from Amazon is $76. Even used copies are selling for upwards of $56, and this despite an ample supply, as there are currently 75 used copies available via Amazon!

Now compare Classical Electrodynamics, with its 808 pages and current rank of around #13,000 in Amazon sales, with W.L. Shirer’s Rise and Fall of the Third Reich, with its 1,264 pages and sales rank of around #15,000. Jackson was first published in 1962; Shirer in 1960. In short, comparable age, comparable sales in recent years, and Shirer has 50% more pages to boot.

The list price of Rise and Fall is $25.00; the Amazon discount price is $16.50.

How do we explain the fact that Jackson is four times as expensive as Shirer?

It’s not marketing cost. Every physics professor in the world already knows Jackson. I’m not a physics professor and even I know about it! Presumably, just about every physics professor has already made up their mind whether Jackson is the textbook of choice for their course.

Even if Jackson were still being actively marketed today (which I doubt), instructors are vastly less expensive to identify and reach than the general public. All you have to do is send them a free examination copy. If an instructor likes it and adopts it for their course, voila! You’ve got dozens, if not hundreds or thousands, of guaranteed sales over the next few years.

It’s not distribution cost, which should be about the same regardless of the subject matter. And it’s not author royalties — in neither case, in fact, is it likely that the author royalties account for more than 10-20% of gross receipts. It’s not layout, design, and typesetting costs — these are one-time expenses that were probably recouped within the first year of printing.

What about paper, printing, and binding cost? Contrary to common perception, retail prices for books have almost nothing to do with their manufacturing cost. When many thousands of copies per year are being sold, the printing/binding cost of even the fanciest color textbook with accompanying CD is almost certainly well under $10 per copy. For a simpler, text-only paperback of the type frequently used in language and literature courses, the manufacturing cost is probably closer to $2 per copy. Hardcover binding is perhaps a dollar more — that’s right, a dollar!

Most likely, there are two factors at work here: (a) perceived value — a hardcover book with lots of complicated equations looks more expensive than a softcover with just text and a few photos; and (b) the fact that Jackson is usually purchased by students who have no choice.

My point is this: the prices for many, if not most, textbooks are artificially inflated relative to other books, sometimes by ridiculous amounts. Publishers charge a lot simply because they can. Most instructors either don’t consider price when assigning a textbook or else don’t feel they have acceptable lower-cost alternatives to choose from.

In order to control textbook costs, which are now a major factor in the rising cost of a college education, the academic community needs to figure out the following:

1) How to give instructors a reasonable incentive to factor cost into their textbook decisions without penalizing them for sound pedagogical choices; and

2) How to effectively exert pressure on publishers to hold down prices despite the shortcircuiting of traditional market forces.

I don’t claim to have the solution. But awareness of the problem may be an important first step.

It is worth mentioning in passing, however, that instructors may have more leverage with publishers than they realize. One publisher sales rep once worked hard to persuade me to adopt a popular $60 textbook for a freshman course with a projected enrollment of 350. I said I would consider it if she would make it available through the University Bookstore at 20% off the retail price. To my surprise, she agreed! (To her surprise, I still didn’t adopt the book.)

Incidentally, an analogous distortion of market forces is at work with library journal subscriptions, whose cost has far outstripped inflation in recent decades. But that is a topic is for another day.