I don't mind the «each book, one time» lending through Amazon and B&N, but it's the Free - for - All proposal, which cuts
the author out of any profit, that bothers me.
Not exact matches
«There is a widespread and completely erroneous belief
out there that there is some sort
of legal duty that corporate managers have to «maximize
profits» or «maximize shareholder value,»» said Cornell law professor Lynn Stout,
author of «The Shareholder Value Myth.»
Virtual Value Steve Wilkinghoff, a chartered accountant and
author of Found Money: Simple Strategies for Uncovering the Hidden
Profit and Cash Flow in Your Business, offers insight on the value
of online services like Keen.com that provide «virtual» experts — and what to watch
out for.
And it's no secret that Amazon and iTunes take a chunk
out of authors» and artists» earnings, with iTunes currently pocketing 30 percent
of its artists»
profits and Amazon taking a hefty 30 — 75 percent.Though it's easy to be critical, I am more interested in looking for a viable alternative to disrupt the existing system.
Sure there are social media platforms like Goodreads, Wattpad, Facebook groups etc. and then there are the «real» opportunities that are so much harder to facilitate and organize (and pay for e.g. expense vs
profit) like community or regional events and networks as you point
out above, but I feel really strongly that the most important thing for an
author to do in order to build a loyal paying (italics) fanbase / readership is to produce good quality works that are publicized properly and to spend time interacting with those
of your readers who you know buy your books because they came to you in the first place.
If someone did make an ebook
out of all
of this, I don't think anyone would call the person who compiled the information a «writer» or an «
author» because those words already have established meanings which are very well known to people who craft the English language for pleasure or
profit.
Only then, and after selling enough copies
of your book to make enough
profit out of it, can you indeed start celebrating your success as an
author.
One could argue (and so I will), that by moving into «traditional» publishing, Amazon is simply acknowledging that content is and always will be King, and while the self - publishing angle has worked
out quite well for them, only a few handfuls
of authors are truly making any notable
profit on $ 2.99 ebooks.
Essentially, BookBaby, has found that charging legitimate
authors an upfront fee to process and distribute their ebooks may cause some to ultimately opt for one
of the sites that makes its
profit out of royalties rather than pay an initial investment; however, this same business model means that spam and piracy can be kept to a minimum as get - rich - quick scammers are loathe to shell
out the upfront cost.
And while I can see that getting a
profit even after an
author pays upfront fees isn't
out of the ordinary, I still don't like it.
Rita: I think publishing digital imprints, including republishing
out -
of - print titles, is mostly a courtesy agents provide for their
authors since this is not yet a
profit center for us - with some exceptions.
However, the more services your distributor provides, the less
profit you can expect to receive, and one
of the key attractions
of ebook distribution and retail is its excellent potential for
author profits — to cut
out the middleman entirely and have the same visibility and retail potential as any other book.
However, the more services your distributor provides, the less
profit you can expect to receive, and one
of the key attractions
of ebook distribution and retail is the excellent potential for
author profits — to cut
out the middleman entirely and have the same visibility and retail potential as any other book.
Presumably the $ 10 additional fee is their service fee (ie,
profit), but knowing what I know about the 50 - word «reviews» coming
out of Kirkus Discoveries (that's $ 7 a word, in case you're calculating), I wonder if that publisher is coming to the same conclusion their
authors are coming to — that paying $ 350 for a bad review kind
of... sucks.
24 Symbols was very adamant that, as
profits are not based on full - scale sales
of e-books, readers are seeking
out the lesser known titles for their enjoyment knowing that if they don't like this «unknown»
author, they didn't invest a lot
of their limited book budget on the sale.
Speaking in his capacity as president
of the Society
of Authors, the His Dark Materials author hit out at the fact that while profit margins in publishing are rising, the money authors are paid is goin
Authors, the His Dark Materials
author hit
out at the fact that while
profit margins in publishing are rising, the money
authors are paid is goin
authors are paid is going down.
The
author also does a fantastic job
of describing the once thriving City
of Detroit where the Turner children were raised, and telling us the factors that led to it's destruction: Black flight, crack, gun violence, and real estate fraud - burning property for
profit, squatters, and fraudulent short sales which led to the bottoming
out of property values.
So given the above, and a heaven sent opportunity (via Hugh Howey) to get a better deal for the people he supposedly works for, from the people he fights with for them... Does he blog... 1) Now there is evidence that self - published
authors can achieve the same or better status and sales and a far, far higher income, I will point this
out to them and to the publishers (that I fight with all the time) and tell them they've had a bumper year
of profits, and unless they want to lose their
authors, we'd better re-negotiate a much better deal on e-books.
As GoodEReader reported last week, several groups have lashed
out at the lack
of an advance and the complete reversal on the typical royalty model; rather,
authors were being given what the publisher called a «
profit sharing» model that the organizations and many agents and
authors felt was shoving too much financial risk on the
authors who signed these deals.
«My advice to publishers and
authors is this: figure
out what it costs to produce what you sell, estimate what kind
of volume you'll be able to achieve using the best available data, and then set your prices at a level that will deliver a reasonable
profit from your efforts.
As a nonfiction
author with files that are image heavy, you lose
out on a large chunk
of the
profits due to delivery fees.
The future midlist, which the Big 6 are cutting for cost reasons (10 %
of their books make 90 %
of their
profit), will come
out of self - pubbed ebook
authors.
Most
authors aim to write a book not only to impart their knowledge to a larger audience, but also to gain
profits out of their work.
Authors and agents will immediately note that much
of the additional
profit exists because the royalty allocation once earned
out is $ 1.58 lower on the ebook than for the hardcover.
Every penny
of that extra
profit comes
out of the pockets
of authors.
Society
of Authors chief executive Nicola Solomon also said she was «very concerned» at the findings, saying that the
author's share
of the
profits of the publishing and book retailing business was falling and pointing
out: «
Authors are the one person who are 100 % necessary [to the process].»
If a book sells, the vanity house charges the
author for the printing and then pays a «royalty»
out of the
profit margin.
In this industry, there are, sadly, thousands
of publishing scams and vanity presses
out there clambering for the opportunity to take an aspiring
author's money and
profit off his or her dreams
of literary glory.
And since the retail prices are the same, every penny
of that
profit is coming
out of the pockets
of authors.
What most people don't realize about the Amazon - Hachette dispute is that there are two issues involved: (1) Traditional publishing has problems with the way publishers treat
authors (those
profit margins come
out of advances and royalties), and (2) Amazon's cutthroat business practices.
Just as she points
out that dwindling compensation for
authors will drive
authors — and good content —
out of the business, Franklin says that publishers are in a kind
of mirrored, precarious bind: «We do not forget, he writes, «that, like all businesses in a capitalist world, we must make a
profit.
As regular IndieReader's know by now, by cutting
out the middleman
of publishers, indie
authors work directly with online retailers to publish and distribute their books more quickly, more inexpensively to the consumer, and for a much larger share
of the
profits than a «trad» publisher offers.
If Amazon slices
out a larger chunk
of the
profit pie on each book, that is something that will directly affect the
authors.
New
authors seldom earn
out in their first couple
of books; the real
profits begin to show up some time down the line.
always in stock,
authors, best gifts, books, calendars, coupons, custom, discounts, gifts, Independent Authors, Lulu, Lulu.com, make an author happy, out of stock, profit, self - publish, self - published, Self - Pub
authors, best gifts, books, calendars, coupons, custom, discounts, gifts, Independent
Authors, Lulu, Lulu.com, make an author happy, out of stock, profit, self - publish, self - published, Self - Pub
Authors, Lulu, Lulu.com, make an
author happy,
out of stock,
profit, self - publish, self - published, Self - Publishing
You don't have to study the waters for long to see that most companies are taking the «self»
out of self - publishing — they are optimizing services for speed and
profit, rather than focusing on developing
authors and their books.
Whilst this was probably true in many cases, I do believe that things have changed in recent years, especially with the arrival
of ebooks that cost nothing to publish and allow
authors to cut
out the middleman who would take so much
of their
profits.
Then the New York Times examined a now - shuttered book review - for - hire service aimed at self - publishers, run by an Oklahoma businessman who realized that a large pool
of underemployed writers willing to work for peanuts plus an equally large pool
of unknown
authors desperate to stand
out equals
profit.
To put the boot on the other foot, if an
author wanted to try and do sort
of the economic sums
of how much it would cost them to set up and run a bookshop, they would soon become quite incredulous as to how anyone ever makes
profits out of running a bookshop at all.
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Also, suss
out individual ATM fees, «as ATMs may not all be created equal,» says Kathleen Gurney, president
of Financial Psychology Corp. and
author of «Your Money Personality: What It Is and How You Can
Profit from It.»