A Conversation with Dick
Weatherford of Alibris
Second of a series on the various bookselling services.
Tell us about how Interloc got started.
I was hired as a consultant by Bookquest which was sponsored by a
company called Faxon. At that time I was a partner with Taylor Bowie in a bookstore in
Pioneer Square in Seattle and had been writing articles and giving seminars on the use of
computers in the used book business for some years.
Not too long after this Faxon dissolved and shut down Bookquest. There were 125
dealers involved at that time and a number of them wanted this kind of service to
continue. I contacted Tom Sawyer, who had
written Bookquest and Brad Councilman and in March 1994 we launched Interloc with about 35
dealers and 35,000 records.
Were you surprised by the success of the web based
services like Bibliofind and ABE?
I talked to Rick Pura quite a bit while they were getting going so it certainly wasnt a surprise. They are good people and had a good idea and they
were the first to go live on the net. We did not do so immediately because we always felt
that if the dealers wanted to keep their customers the system would have to remain dealer
to dealer. We felt that this was going to
generate too many listing services and no one, or at least very few, would make any money
since no revenue was being generated on transactions. Another effect would be to bring a
tremendous amount of supply without corresponding demand generating a price decline for
many types of books and this has certainly happened particularly with fiction. And without criticizing ABE or anyone else, they
started out by using our software for their clients and undercutting our prices. I
continue to believe that there is a very strong market but that the collector market does
not define it. It is world wide and in all languages and is our job to reach that market.
You recently announced the dropping of your
high-profile advertising campaign. What will you be replacing it with?
Our primary strategy has always been to service companies who already
had customers who were or might be intererested in out of print books. We have important
agreements with Barnes and Noble, Chapters the largest bookseller in Canda , and
other organizations. I am leaving for Germany tomorrow to develop our opportunities in
Europe. Companies like these like the fact
that we source the books from our own warehouse and from our family of dealers, that we
approve them, ship them and guarantee them. This will be our major area of growth.
Do you plan to continue buying bookseller inventories?
We buy inventories of booksellers who have approached us they
might have lost their lease, want to retire or any number of reasons. I cant think
of any case where we have bought an inventory from someone who had not approached us
first. When that happens we have professional buyers who come in and make an offer and
they can accept it or not. I know there is a
perception of us a kind of Book Grim Reaper with a scythe mowing though the field of
independent booksellers but thats just not the case.
What About the Book Buying and Referral Program. Many people think that you are competing against
your own members with these storefront buying operations.
We are NOT a listing service. Alibris is a dealer and we have never
made any bones about this. We dont
charge a fee to list with us and we buy our members books when they are sold and we
assume the risks of that sale and even pay the postage.
Of course we compete to buy books and people are welcome to compete
with us by opening their own locations or by paying higher prices for books. One of our
longtime members commented that you either compete or dont or fail but theres
no point in crying about the fact of competition itself.
I thought competition was what the American model of business was all
about.
Some people dont like to give us a discount and in fact many
say that they dont discount their books to anyone. Thats fine, although I
personally find it unprofessional and in that case we simply dont buy their books
and life goes on.
Do you have any comment on allegations that Alibris
substitutes books from its own inventory for independent bookseller orders made by such
bulk buyers as Amazon.
We don't do it. Even if we wanted to it would be far more
trouble than it's worth to attempt to find an identical copy of a book and then ship it.
We would have to do a manual search for a copy and then go send someone to get it. It
makes far more sense to just ship the book the customer ordered.
Why did you
withdraw support for Record Manager and Bookmaster even though you had made very strong
personal commitments that you would not?
We have not withdrawn support for these products. Anyone who
continues to do business with us is entitled to free technical support on an ongoing
basis. There are many copies of these
programs outstanding and from our travels around North America presenting seminars it
appears that the majority of people in the book trade continue to use them. We do not
provide support for people who are not doing business with Alibris. It is ridiculous to
think that you can continue to provide free support for products that you might have sold
a decade ago. No company would.
What about the future?
The biggest single step was an affordable electronic marketplace for
books and Interloc first provided that four or five companies tried it before me by
the way. The services have really proven that more people wanted more books than anyone
realized. It removed the out of print book trade from its small cocoon of dealers and
collectors. The real expansion will come through working on business to business
arrangements with organizations with their own customers and processes, who deal in their
own country and the language of their customers. There will be ongoing issues with supply
created before the demand is there and with
the lack of standards among the huge number of sellers on the Internet. ABAA is too small
and too focused on the antiquarian trade hopefully IOBA will be able to provide
those standards.
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