Amazon Changes Self Publishing Forever - Again

Posted: Jun 20 2015, 1:15pm CDT | by , in News | Latest Business News

 

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Amazon Changes Self Publishing Forever - Again
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The self publishing haven will only pay when books are read.

There has been a boom lately in self publishing, as more and more people are fulfilling their dreams of getting the written word out on the internet. Many have turned to Amazon for the opportunity, because it is cost effective and gives them a rather large audience. However, Amazon has been facing a slew of user complaints because they haven't been receiving quality content.

So Amazon came up with a solution that has a lot of people talking.

Amazon has developed a new plan, that was apparently quite a few years in motion, that will aim to keep self-published authors honest: they're only going to pay them when someone actually reads a page. Many have suggested that this is going to change the lives of readers, editors, writers, and even publishing companies. Fat, impressive coffee table books are out if no one reads them. Thin, concise authors will be bereft. Page turners are in.

Of course, this will only work on e-reader books, and not on books that one could actually put on a coffee table.

The royalties break down as follows:

  • The author of a 100 page book that was borrowed and read completely 100 times would earn $1,000 ($10 million multiplied by 10,000 pages for this author divided by 100,000,000 total pages).
  • The author of a 200 page book that was borrowed and read completely 100 times would earn $2,000 ($10 million multiplied by 20,000 pages for this author divided by 100,000,000 total pages)
  • The author of a 200 page book that was borrowed 100 times but only read halfway through on average would earn $1,000 ($10 million multiplied by 10,000 pages for this author divided by 100,000,000 total pages).

No word on how exactly they are going to check that - but it is going to be interesting to see how it impacts on the writers and readers.

 

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The Author

<a href="/latest_stories/all/all/46" rel="author">Noel Diem</a>
Noel passion is to write about geek culture.

 

 

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