New Concept In Funding Book Projects

Have you seen this? 

I’ve seen others using crowdfunding to raise money for book projects…but this is a REALLY interesting idea.

“If a book fails to reach the amount necessary to pay for production, it’s a sign that the book may not be a commercial success. “Our crowdfunding model is a way to get the market to decide,” said Parilla. The authors who can’t raise the production fees via crowdsourcing can then choose to pay for the production on their own—knowing that the book may be tough to sell—try again, or pull the book from production.”

Crowdfunding for Books: Pentian’s Self-Publishing Model Expands to US – Digital Book World

Crowdfunding for Books: Pentian’s Self-Publishing Model Expands to USDigital Book Worldpentian_0 In the Spanish-speaking world, one digital publishing company has disrupted the traditional publishing process by creating an online platform that combin …

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To NYU Publishing Students: A Shifting Publishing Landscape – Digital Book World

To NYU Publishing Students: A Shifting Publishing Landscape Digital Book World After you leave this room this morning, each and every one of you could publish and distribute a book – your own book, one you’ve written – to millions of potential…

Source: www.digitalbookworld.com

Would have been cool to listen in on this lecture. Fortunately, you can read the transcript from the link above….

 

And one of the really meaningful quotes :

 

“Digital distribution, ebooks, has democratized the access to large audiences for publishers – and anyone can be a publisher today. In 2012, over 300,000 books were self-published in just the U.S., eclipsing the number of books “professionally published.” While most of those books are read by few if any people, many of them are reaching huge audiences of readers. Some authors are even becoming millionaires from their self-published work.”

 

Kind of inspiring, isn’t it?

Amazon.com, Inc. (AMZN), Hachette Feud Encouraging Authors to Self-Publish … – Tech Insider

 
Amazon.com, Inc. (AMZN), Hachette Feud Encouraging Authors to Self-Publish …
Tech Insider
The battle between Amazon.com, Inc.

Source: www.techinsider.net

I love the last sentence in the last paragraph of this article:

“Both Mohammed and Corker agreed that more number of authors are moving towards self-publishing as going via publisher earns them only about 12% – 15% royalty while self-publishing earns them over 60% which is profitable. At the end of the day, in the eBook business, an author is responsible for publicizing his work.

This is the best reason of all to self-publish…