by Terry Schott
You might not realize this, but you love iBooks.
In early 2010, Amazon was the only place to sell eBooks, and they paid authors a 35% commission. Then iBooks announced they would be inviting authors to sell in their store. Amazon responded by increasing their payout to 70%.
So, if you sell a book online and make 70% commission from it, then say it with me: I love iBooks. Continue reading “Why I Love iBooks”
Gather ’round, children. It’s time once again for the Indie News Beat – the only news that matters.
Here at Indies Unlimited, we hand select only the finest sun-kissed news links. We place those links in a vat and the lovely ladies of Indies Unlimited crush them with their bare feet. Do you know what comes out of that vat? Truth juice!
Sadly, Chris James didn’t show up for work again. I guess he’s still on tour with Genesis. When he said he’d written a book with stories inspired by the lyrics of songs by the greatest rock band in history, I naturally assumed he was talking about KISS. Oh well. Continue reading “Indie News Beat: All the News You Can Eat”
When I heard that Kobo was gearing up to let authors upload books on preorder status, I didn’t know that Smashwords would soon be leading the charge on most of its premium channel distributors.
Yes, Mark Coker and company are now offering preorders, but in a public beta test. The big news is that you don’t have to be James Patterson’s staff of assistants or Hugh Howey to make your next book available for preordering. Continue reading “Smashwords Now Offers Preordering, But Is It for You?”
In the very short version of this story, Apple got together with big publishing and invented something called the agency pricing model.
This was their warm, fuzzy way of saying the publishers would set the retail prices.
Under the traditional pricing model, publishers charged booksellers something like half the cover price of a book, and allowed the booksellers to discount the books to whatever price they wanted. But Amazon took that even further and discounted the books to below wholesale price. Yes, Amazon was losing money on every eBook they sold.
Because the big publishers do not want eBooks eating into print book revenues, they do not want deep discounts on digital editions. The agency pricing model effectively eliminated any discounts on the cover price.
Despite the fact that Apple was the one nailed by the court, what really underlies this whole shameful episode is panic in the publishing industry. You see, Amazon continued to pay the full wholesale price for the books they bought from Random Penguin Solutions, et al. Every single one of the publishers would have made a higher per unit profit on books sold by Amazon than those sold under the agency pricing model. Obviously it isn’t just about the money. It is about survival. Continue reading “The Price-Fixing Debacle”