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Once you have it in your hands, you can do whatever you want with it.

What you have probably heard is that most bookstores do the majority of their purchasing through Ingram's, which is part of the Extended Distribution Chain. That's true, but also largely irrelevant for indies, because bookstores aren't typically going to stock non-returnable books, which POD books are.

But every bookstore, even the chains, have workarounds that they will do if they want to sell your books badly enough, or if you've got a good enough pitch. I've even gotten a Barnes & Noble to let me come in with my own author's copies and sell them through the cash register at a signing.

Most bookstores are going to want to make 40%. So if you're like me and you sell paperbacks for $10, then you have to sell them to the bookstore for $6. That's okay for me, because my paperbacks cost me about $4, so I still make $2 per copy. Not nearly what I make when I sell them on my own, but c'est la vie. Many indie bookstores have ways of stocking local authors' books as well.

I hope this is helpful. 
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