first run books

**"Miranda Smith" m*@attbi.com**

Just to add a note to Betty's excellent explanation--the IRS changed
the way it taxes books in inventory a couple of years ago. As a
consequence, publishers are penalized for holding too many books in
inventory. This means that they try to calculate the number of books
to print on the first run very carefully. They want to have enough to
cover costs and make some profit, but they don't want to be taxed for
holding a huge inventory for the following year's sales. This is
counter to the way things used to work; if a publisher had inexpensive
warehouse space, they could afford to print more on the first run.

Miranda Smith

> Lon asks about the economics of publishing in relation to reprinting
his
> hardcover edition, which has sold out. With publishing, all the
costs come
> first.

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