Posts Tagged ‘crowd-sourcing’

Amazon has advised its authors it will be welcoming submissions for English-language books in Romance, Mystery & Thriller, and Science Fiction & Fantasy genres under its new publishing program. The news follows last week’s announcement that the publishing pace-setter plans to launch a crowd-sourced publishing program that will see participating authors receive US$1500 plus 50% royalties on net eBook revenues.

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It appears at this early stage the program is only available to authors resident in the U.S. – or, more exactly,  to authors “with a valid U.S. bank account and U.S. social security number or tax identification number”. Even so, it will no doubt appeal to those many thousands (tens of thousands?) of authors who are eligible…

And if Amazon’s recent expansion of its territories, book-lending arrangements, Kindle ereader sales and the like is anything to go on, it’s very likely the new publishing program will be expanded beyond the U.S. before long.

Regardless, here’s the letter (unabridged) we’ve just received from Amazon, explaining its progam in more detail:

Dear Author,

Thanks for subscribing to receive updates on Amazon’s new publishing program! We’re excited to announce that we’ll be opening for submissions in a couple weeks.

We’ll be welcoming submissions for English-language books in Romance, Mystery & Thriller, and Science Fiction & Fantasy genres. Any adult with a valid U.S. bank account and U.S. social security number or tax identification number is eligible.

It only takes 15 minutes to complete a submission. Here are the things that you should prepare to successfully submit your book:

  • Complete, never-before-published manuscript & book cover image – We’re looking for 50,000 words or more in Word format and a book cover image that reflects the essence and uniqueness of your book. Make sure your work is ready for others to read. Only the first pages will be posted to the website (approx. 3,000 words).
  • Book one-liner – A very short pitch (no longer than 45 characters) for your book that will be used on the homepage and throughout the website. Think of examples like “Space opera meets the Middle Ages” or “How far will one woman go to save her family?”
  • Book description- Help readers understand the content and quality of your book. Keep the description to 500 characters or less.
  • Your bio & picture – Give readers a chance to learn more about you. You will also have a chance to answer relevant questions regarding your book and personal story in a short Q&A section.

We’ll also ask you to review and accept our submission and publishing agreement that grants us a 45-day exclusivity period to post your excerpt and tally nominations. If chosen for publication, you will receive a $1,500 advance, 5-year renewable term, 50% eBook royalty rate, easy rights reversions, and Amazon-featured marketing. If not, you automatically get all your rights back at the end of the 45-day exclusivity period.

We’ll send you an email as soon as we’re open for submissions.

 

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It appears Amazon has stolen the march on competitors by announcing plans to launch a crowd-sourced publishing program that will see participating authors receive US$1500 plus 50% royalties on net eBook revenues.

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The revolutionary publishing progam comes hot on the heels of Amazon’s Kindle Unlimited (KU) initiative, which offers KU subscribers unlimited eBook borrows and which is predicted to further change the publishing landscape – and change it dramatically – if it hasn’t already.

While crowd-sourcing may not be new (feature films have been crowdsource-funded with much hoopla and fanfare) it’s a fairly new phenomenon in the publishing game. Certainly, other publishers have tried it – two others if our sources are correct – but there’s no doubt Amazon’s crowd-source funding will be highly visible. And, if our experience with the publishing giant is anything to go by, it will be highly successful.

The Digital Reader had the best summary of the new program we could find. Quoting Amazon’s PR department, it reports, “Authors will be asked to submit their complete, never-before-published book and cover. After a few days, we will post the first pages of each book on a new website for readers to preview and nominate their favorites. Books with the most nominations will be reviewed by our team for potential publication.”

According to the columnist, Amazon’s contract terms for authors are as follows:

Guaranteed advance & competitive royalties: You will receive a guaranteed $1,500 advance and 50% royalties on net eBook revenue.

Focused formats: We acquire worldwide publication rights for eBook and audio formats in all languages. You retain all other rights, including print.

5-year renewable terms, $5,000 in royalties: If your book doesn’t earn $5,000 in royalties during your initial 5-year contract term, and any 5-year renewal term after that, you can choose to stop publishing with us.

Easy reversions: After two years, your rights in any format or language that remains unpublished, or all rights for any book that earns less than $500 in total royalties in the preceding 12-month period, can be reverted upon request – no questions asked.

Early downloads & reviews: One week prior to release date, everyone who nominated your book will receive a free, early copy to help build momentum and customer reviews.

Featured Amazon marketing: Your book will be enrolled into the Kindle Owners’ Lending Library, Kindle Unlimited as well as be eligible for targeted email campaigns and promotions.

To read The Digital Reader’s full report go to: http://the-digital-reader.com/2014/09/22/amazon-publishing-crowd-source-next-books-now-recruiting-kdp-authors/#.VCCBKBYXPCY

The KDP discussion forum on Amazon’s planned initiative makes for interesting reading also. Here’s the link to it: https://kdp.amazon.com/community/thread.jspa?threadID=207604&start=0&tstart=0

 

Happy reading! Lance & James

 

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