Saturday, August 7, 2010

Comics are the rock.

A big irony for me is that, despite the overall impression I've had about comics, despite my doubts and fears, the fact is -- other than the boom and bust from 1994 - 1999, -- comics have been a pretty steady seller.

Comics usually only get me to about 65% of the sales I need to be viable. But, pretty steady at that. Even as the population has increased. Even as prices substituted for smaller volume. Even as movies discovered comics, and graphic novels became about 40% of my comic sales totals. Comics have remained 50 to 65% of the money I need to stay open.

Someone said once, that comics have been dying since they were created. Tens of millions sold per month in the 40's and 50's, millions in the 60's and 70's, and even the average seller did 100,000's in the 80's and most of the '90's. Now, just the absolute best-selling titles reach 100,000 an issue.

In my career, I've seen comics go from .60 to 3.50 average price. From newsprint paper to slick paper. The creativity has never wavered. Indeed, it's probably the best it's ever been. As sales drop, the brilliance seems to increase, and only Hollywood seems to understand the pure insane creativity of the artform.

I've known that comics were a strong platform from which to run my business -- even when sports cards went crazy and became 85% of my sales, I never gave up on comics. In fact, I was careful to use some of that sport card money to actually grow my sales in comics.

But I've never thought of comics as being "steady." As being "reliable."

Pretty much the opposite.

Individual comics boom and bust on a regular basis -- in fact, nothing stays popular forever. Artists and writers come and go. Characters become popular, then over-exposed, and fade. Comic companies come and go. Styles come and go.

But comics in aggregate, are actually pretty predictable.

Believe me, this has NOT been the way I've thought about comics over most of the last 27 years. Most of that time I cursed the fact that comic sales couldn't quite get over the hump. Couldn't quite seem to earn me a good living. The market always seemed fragile and iffy and just too damn small. I constantly cast about for product to pick up the slack.

I still try to diversify. But it has occurred to me lately, that comics are that good, solid 50% of my business -- while just about everything else I bring in slides up and down.

I think it's time to celebrate that comics are a good, steady half of my business, instead of bemoaning that they can't be all my business.

And as further irony, I think its the smaller size of the audience for comics which has made it so steady.

It takes effort and time and space and knowledge to do comics. You can't just throw money at it, like a chain store might be able to do. At least, the effort and time and space and knowledge are too much for the average return.

That fact of being able to get to only 65% of viable, while being in an average sized market for a comic store, is a dead giveaway that comics are a challenge for anyone who wants real monetary returns. A challenge which a small guy like me is willing to pick up and pursue, because of the ability to run a business that is so specialized that only someone else like me is likely to try.

I think it took the Great Recession for me to realize that comics just keep humming along, even as the marketplace constantly changes -- digitalization, rising prices, constant shifting of focus by the publishers, Hollywood dalliances, -- despite all that, comics have actually increased a bit over the last year.

So comics.

I apologize for doubting you.

You're my huckleberry.

7 comments:

Anonymous said...

Next year biz will be 1/3 of what you got this year. Just be ready.

Yeh-Yeh in the great depression people spent a nickle on cinema to escape the tedium of 'depression econ'.

A few might drop a 'buck' today's nickel, but you better have a lot of 'buck comics' that folks want.

For the next 5 years there is NOTHING on the horizon to rescue Bend, and as you know the freebies that these events brings tourists is non-sustainable, there simply isn't anyone left to pay.

Nothing in your biz life will be like the coming depression, in no way since 1986 do you have anything to compare to the coming years.

The thing is kids no longer read hard-copy. So your really in a geriatric market where you customer age average is rapidly approaching death.

Portland has a dozen small shops selling 'vinyl records', so maybe Bend can support one shop selling 'vintage comics'. ... Maybe one.

Anonymous said...

Speaking of comics... You don't by chance have any cardboard comic book boxes do you? And Tombstone is one of the best movies ever!!

Anonymous said...

Completely unrelated to comics, but some Bend fun:

http://seattletimes.nwsource.com/html/realestate/2012464668_realsuncadia01.html

ELLENSBURG — Suncadia resort, which was declared in default of its development agreement with Kittitas County for failure to complete work on some projects on schedule, has reached a settlement agreement with the county.

[snip]

Jeld-Wen, based in Klamath Falls, Ore., is the largest of Suncadia's three investors. U.S. Bank is the lead lender among four lenders.

In a letter to Kittitas County officials dated July 19, R. Neil Stuart, executive vice president and chief financial officer with Jeld-Wen, said the company is prepared to extend the letters of credit through May 31.

But that will only apply if Suncadia succeeds in restructuring by Sept. 3, 2010, and, in addition, U.S. Bank has entered into a binding agreement to issue replacement letters of credit (to replace the extension letters of credit that run through May 31 of next year) no later than June 1, 2011, Stuart said.

Anonymous said...

Comics suck dick big time.

Too bad nobody here wants to talk about Bend, you know Orygun. But then nothing really left to say.

In another month tourist season will be over. We're real lucky the fire and smoke stopped, otherwise all the events this weekend may have been canceled. I don't know if any of you notice, but things are TERRIBLE up in the mountains so much dead trees, and nobody with any money to clean up the mess.

We're going to be know as the big smoke, fairly soon and endless burn. If there is one crisis that HBM and his goons at the SORE could take up it would be to get massive federal dollars into our area to clean up the dead standing trees in the forest west of Bend.

There ain't no jobs, and now we have banned Mexicans its fairly clear that with a massive CCC type project we could clean up the forests. Would create a lot of work for a lot of kids.

Anonymous said...

Everything always goes back to Eugene. .... PAPE & INN@7th, ...big yellow equip, big dig by MDU(KR/TAYLOR), big yellow earth-movers, big dig, big build, big, big, big, ... old logging money, old loggers, ... built Bend Sunriver, Black-Butt, chain-saws, old logging money tried to 'diversify' given that logging was exhausted, the Pug's tried to make gold out of worthless desert land, ... this is how it all ends ...

Ore. Bank Sues Penn. Investment Firm For $427M
BEND, Ore. (AP) ― Cascade Bancorp has filed a $427 million federal lawsuit against Cohen & Co. Financial Management of Philadelphia, claiming the investment firm has put the Oregon bank in danger of failing to meet regulator orders to raise capital.

Cascade Bancorp alleges that it reached tentative agreements in July with private investors to raise $150 million, part of the bank's attempt to raise its capital levels to comply with a 2009 cease and desist order.

Cascade Bancorp says in the lawsuit filed in U.S. District Court in Eugene that investors told it to eliminate a liability it had with Cohen & Co.

But the bank claims Cohen & Co. won't adhere to an agreement reached last October to liquidate that liability.

Anonymous said...

I think the most interesting thing in this CACB mess is that they have found VENUE in EUGENE aka LANE-CO, where the local government and judges are owned by old logging familys.

Say's a lot when the 'real' owners of a bank have to get venue from their own, and not here in Deschutes-Co.

Might be sign of the times that Deschutes is now not ruling favorably towards those who pillaged our economy. If nothing else, all the while EUGENE basks in wealth, that Deschutes county judges have to deal with the divorces and suicides ( probate )...

Anonymous said...

"For the next 5 years there is NOTHING on the horizon to rescue Bend"

Pedro, as always you are too down. After a trip to the Midwest (very humid and flat), I am amazed that people choose to live there instead of beautiful Orygun.