Physical bookstores have no chance if they try to compete against Amazon’s selection and price. There must be another way.
11/10/2014 Fast Company By Martin Lindstrom
I have a love affair with bookstores: the search, the smell, the tactile sensation of turning pages. I know I’m not alone: There are lots of customers who still love bookstores.
And yet, bookstores keep shutting their doors. Is the bookstore doomed? Yes, I‘m afraid it is—if it continues to compete with Amazon on price and volume. That’s a losing battle. But if bookstores compete on qualities that Amazon will never be able to duplicate, I believe there’s hope! (Provided Amazon doesn’t open too many physical stores.)
But first, a quick trip to Milan’s Malpensa Airport. Because it was there that I noticed how passengers were directed through the airport by a system of different colored lines. Transit: red. Exit: green. Shopping: yellow. As soon as I figured out the system, I never looked up anymore; I merely followed the red stripe on the floor.
What does this have to do with bookstores?
Amazon introduced the concept of mass-reader reviews. Bookstores have the ability to take this even further. Reading the right book gives us a sense of power, influence, and newness. It makes us interesting, gives us a reason to talk, and puts us in the center of things. That’s the role a bookstore should assume.