eBooks: Profitable for Authors?
Rachel asks: What do you feel are the benefits of the new electronic readers such as Kindle to the environment? What impact do electronic readers create on the bottom line for authors in the end? Do you feel they have a negative impact or positive, or no impact at all that you can see?
http://bittenbybooks.com/ - Book Reviews
http://weirdstuffinmydesk.com/ - Honest E-tailer Reviews!
First, let me share my bias. I dreamed of eBooks when the first PC came into the home. I craved a time when I could bypass publishers and post my own items in a worldwide forum, where I could share my work, cultivate fans and create my own brand - all while remaining in the driver's seat, rather than at the mercy of publishing houses. As a radio host, I also wanted to share stories with readers in audio, have specific shows like those from years ago, with mystery, romance and suspense.
Thankfully, technology has caught up, and now the globe is open to authors everywhere who want to find their audience.
eBooks are a fantastic way to reach fans. You can publish full-length novels and sell them, or offer free short story bonuses on your blog or Web site to generate more buzz.
Some eBook publishers give generous contracts to their authors, who receive upwards of 40 percent in royalties. (Yes, it's true.) I've heard more complaints from authors with big name publishers, who give a pittance compared to what they should. After all, eBooks are easier - and less costly - to produce. Whenever you negotiate with a publisher, be certain to get specifics on eBooks and make sure you get your fair share of the sales profit.
If you self publish, the profits are yours. Period. Any PDF will work in eBook readers like Kindle. You can use a service like Amazon, or go out on your own. If you choose the latter, buyers will just need to email it to their eBook reader account, instead of directly downloading. You can easily create a PDF, post it on your blog or Web site, and charge for it, or ask for donations. PayPal is a great service to collect your profits.
eBooks are fantastic for self promotion. They are cheap to produce and easily downloadable from virtually anywhere. Readers love freebies of any kind. They are more likely to feel like they really "got" something with a free story, and remember you later on.
They also open up market share. Some city dwellers don't have space for traditional books, but they do have space for a small eBook reader that can holds hundreds of titles. You get an opportunity to sit on their virtual bookshelf that you would not get with a traditional hardcover or paperback.
If you do self publish, I encourage you to consider offer your eBook at a price less than a traditional book. I never purchase an eBook that costs the same or more than a paperback. I know technology and I know the only thing it takes to create a PDF is time. I refuse to spend my dollars on something intangible when I can get the paperback instead. I am not alone in that thinking. If you strike out on your own, find ways to generate interest in your work - including financial incentives.
Many authors have expressed concerns of copyright infringement if they do eBooks - especially in light of the unauthorized release of Stephenie Meyer's unpublished work. This podcast will tell you your rights.
Find Angela Wilson at:http://www.linkedin.com/in/angelawilson