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Old 04-24-2012, 05:11 PM   #752
JoeD
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Quote:
Originally Posted by stonetools View Post
FTFY.Fictionwise sold out to a bigger, richer bookstore a year before agency pricing.That is not a sign that it was doing great.
One of the side effects of this lawsuit is that we will be getting some solid info on bookstore revenues and profits . We'll learn how well FW and other bookstores were doing .
You can have a good business plan and still fail as a business. However they did have a compellng sales model that made some people choose them over Amazon. What they may have lacked was enough people knowing about it.

Also, the fact someone wanted to/did buy them can equally show that they were doing well enough for someone to see it as a good investment. It could also be the original owners couldn't resist a quick buck, not every company owner is in it for the long haul, some will setup a company and run it with the sole goal of finding a buyer. I know a few people who have done just that and in one case several times.

Last edited by JoeD; 04-24-2012 at 05:15 PM.
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