We know the profit margin on books is slim. Our bookish world is teeming with smart, talented, independent people who could be making twice as much money somewhere else. But we don’t, because there’s something soul-less about selling stuff you don’t care about. We are purveyors of culture, and that’s as glamorous as being a movie star…minus, of course, the ball gowns and limousines.
So what happens when that glamorous but limousine-less bookseller runs into unexpected financial crisis? From, say, catastrophic hospital bills after a necessary procedure, or escaping an abusive domestic situation? If a bookseller has been living paycheck-to-paycheck, as many of us have done, there might not be much savings in the bank to pay that off. They may be forced into a situation where they have no resources to pay the bills and get back on their feet. That’s where Binc can lend a hand.
Binc Helps a Fellow Bookseller
I’ll give an example from one of my early experiences working with Binc. A bookseller (whose identity is known only by two people on staff) missed a few days of work due to a heart attack. Yes, a heart attack. And that bookseller, God bless ‘em, was already back at work a few days later. Between the medical bills and lost income, they were having trouble paying other important bills. Binc was able to step in, get their bills paid, and protect them from further hardship caused by the emergency. I’m proud of this bookseller who soldiered on, and I’m proud of Binc for helping a bookseller pay their bills during a rough spell.
In fact, Binc gave away nearly $55,000 in financial assistance grants in 2015. Binc also gave away over $220,000 in scholarship money for professional development and higher education, some of that for college tuition, and also a number of scholarships to book industry trade events.
No matter our background, there may come a day for any of us when we have to struggle to stay in the business we love. Sometimes a little help is all it takes to sustain a life in books. That’s why I love Binc; it’s the safety net for booksellers.