History
Harry Scherman was a copywriter for the J. Walter Thompson advertising agency in 1916 when he set out to create the "Little Leather Library". With his partners Max Sackheim, and Charles and Albert Boni, Scherman began a mail order service that offered "30 Great Books For $2.98" (miniature reprints "bound in limp Redcroft") and sold 40,000,000 copies in its first five years (that $2.98 would be $31.77).
Sackheim and Scherman then founded (1920) their own ad agency devoted entirely to marketing books.
The problems of building interest in a new book led Scherman to create, along with Sackheim and Robert Haas, The Book of the Month Club in 1926. As Scherman explained it, the Club itself would be a "standard brand". "It establishes itself as a sound selector of good books and sells by means of its own prestige. Thus, the prestige of each new title need not be built up before becoming acceptable," he explained later,. After starting with 4,000 subscribers, the Club had more than 550,000 within less than twenty years. The size of the club did, in fact, create the Book of the Month Club as a brand. Being a "Book of the Month Club" selection was used to promote books to the general public.
Read more about this topic: Book Of The Month Club
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