Paying a royalty to someone for prepping an ebook is akin to paying the kid who cuts your grass a percentage of the purchase price when you sell your house. It makes no sense.
Sentiment: NEGATIVE
I have no problem selling ebooks for authors directly as an agent, but partnering with them is another matter.
Higher ebook prices don't benefit me, booksellers or readers, and that means something is really wrong.
Authors will make far more on those ebooks through direct sales than publishers are offering. There is no incentive for authors to sell those rights to traditional publishers which means, in the fairly short term, publishers run out of material to sell.
One thing I often talk about in my business is that an eBook is not like a print book: it's very, very different. It's organic. It's changing.
I sell a lot of ebooks from my website and encourage authors to set up their own stores.
Higher ebook prices only benefit one group: publishers.
Authors can easily produce ebook versions of novels and shorter work which publishers don't own.
Prior to 2009, when publishers scoffed at the ebook market, they offered writers contracts which gave us half of the money they made off ebook sales.
I can hire out for editing, proofreading, formatting, and cover design, and those are fixed, sunk costs. Once those are paid, I can earn 70% on a self-pubbed ebook.
When a single author uploading his own books to Amazon can earn more money than a large N.Y. publisher exploiting both print and e-rights, there's something amiss.
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