- Applewood revives titles that are long out of copyright (everything from Thomas Jefferson to Tom Swift), avoiding royalties and typesetting costs.
- They aggressively target markets that mainstream publishers dismiss as marginal, such as gift shops, museums, and sales to schools and corporations. The retail book trade is a relatively small segment of Applewood's business, so they enjoy a very low rate of returns.
- A large share of their sales comes from their backlist, so they manage their portfolio like the best university presses. Perennial best-sellers are printed by traditional offset for lowest unit cost. Slower-selling titles are printed digitally so little capital is tied up in inventory.
The traditional content supply chain is a one-way sequence from author to publisher to bookstore to reader. Phil broke that chain long ago when he killed his authors. (Okay, he didn't kill them, they were already dead.) Then he made the traditional bookseller an option rather than a necessity. And on a new web site, he's turned himself into a retailer for other publishers' books (excuse me, souvenirs).
One of Applewood's evergreen titles is What Mrs. Fisher Knows About Southern Cooking, an 1881 collection of recipes from the American south, and it has become the flagship of a list of over 100 titles ranging from Camp Cookery to Manufacture of Liquors, Wines & Cordials. As an offshoot of this list, Phil launched Foodsville.com, where you can buy books about food and cooking from Applewood and other publishers, but where you can also read Applewood's cookbooks for free, post your own comments or recipes, and share them with other Foodsville users. It's not revolutionary, but it completes the deconstruction of the old-school publishing model: The publisher is a bookseller, the reader is an author.
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