Current news stories from the independent book industry
Lulu.com Cuts Staff Due to Economic Slowdown
This news is from last October, but it’s important for anyone considering using the Lulu service. Lulu has showed some ill effects due to the faltering economy – as a result it is cutting its workforce in order to make up for lost revenue.
On the one hand, this is surprising. Lulu has a fairly good business model. Given that books are only printed when they’re bought, Lulu does not lose money on books that are printed but not sold, as is the case with a traditional publisher. Every Lulu author will likely print up at least one book – […]