Quote:
Originally Posted by stonetools
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 .
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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.