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Publishing Cooperatives

www.arl.org/sparc. What We'll Cover . Recap HFES profileCompare HFES against other small publishersReview the shared needs of small publishersDescribe how a publishing cooperative might workSuggest cooperatives as an innovative publisher partnership. www.arl.org/sparc. HFES Profile. 3 peer revie

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Publishing Cooperatives

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    1. Publishing Cooperatives Raym Crow Senior Consultant, SPARC Consulting Group

    2. www.arl.org/sparc What We’ll Cover Recap HFES profile Compare HFES against other small publishers Review the shared needs of small publishers Describe how a publishing cooperative might work Suggest cooperatives as an innovative publisher partnership

    3. www.arl.org/sparc HFES Profile 3 peer reviewed journals (two print & online, one magazine format) Monthly Bulletin Annual Proceedings Annual topical review book series Annual member directory Occasional books

    4. www.arl.org/sparc HFES Profile 4,700 members $1.6 million budget 3 full-time publishing staff

    5. www.arl.org/sparc Context

    6. www.arl.org/sparc Context: Journals per Society

    7. www.arl.org/sparc Context: Journals by Medium

    8. www.arl.org/sparc Context: Mixed Market for Journals

    9. www.arl.org/sparc Context: Shared Issues Marginal market power—as buyers Marginal market power—as sellers Insufficient staff resources Lack of investment capital Innate conservatism

    10. www.arl.org/sparc Shared Services Cooperative Group of publishers that forms to provide one or more services to improve their competitiveness & sustainability Purchases or provides services at a cost below what members could achieve individually Services depend on member needs— can evolve over time

    11. www.arl.org/sparc Potential Cooperative Services Editorial services Print purchasing Online distribution Marketing & sales programs Licensing & rights management Subscription & membership management Publication business management Through shared services. . . Through collective purchasing

    12. www.arl.org/sparc Cooperative Basics Owned by members Members exercise democratic control Member equity based on use of services

    13. www.arl.org/sparc Cooperative Basics Owned by members Provides services at cost Income from fees Surplus returned as patronage refunds Allocated equity redeemed over time

    14. www.arl.org/sparc Cooperative Basics Owned by members Provides services at cost Retained equity provides operating capital Meet market demand for new content Fund investments in services

    18. www.arl.org/sparc Cooperative Benefits Collective action to provide—

    19. www.arl.org/sparc Cooperative Benefits Collective action to provide— Increased market power & visibility

    20. www.arl.org/sparc Cooperative Benefits Collective action to provide— Increased market power & visibility Scale economies

    21. www.arl.org/sparc Cooperative Benefits Collective action to provide— Increased market power & visibility Scale economies Access to management & planning services

    22. www.arl.org/sparc Cooperative Benefits Collective action to provide— Increased market power & visibility Scale economies Access to management & planning services Capital & risk pooling

    23. www.arl.org/sparc Cooperative Benefits Collective action to provide— Increased market power & visibility Scale economies Access to management & planning services Capital & risk pooling Control & mission alignment

    24. www.arl.org/sparc Cooperative Benefits Collective action to provide— Increased market power & visibility Scale economies Access to management & planning services Capital & risk pooling Control & mission alignment Can complement other nonprofit publishing services.

    25. www.arl.org/sparc Prerequisites Adequately defined scope Sufficient scale to warrant group action Able to provide a solution solely on economic terms Culturally, politically & economically appropriate for the group

    26. www.arl.org/sparc Cooperative Launch Process Exploratory meeting: identify unserved needs Float concept proposal that conveys vision Survey potential member universe Analyze feasibility Develop business plan Implement & launch

    27. www.arl.org/sparc For More Information Raym Crow Senior Consultant SPARC Consulting Group crow@arl.org 1.703.536.7447

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