Score one for the writers! Amazon's Kindle offers royalties up to 70%

×
For those of you who are thinking of writing electronic books, Amazon.com may have made it a little sweeter for you. Starting June 30, small publishers and individual writers may find that publishing directly with Amazon could mean royalties up to 70% of list price for books $2.99 to $9.99.

The Kindle Digital Text Platform allows authors to upload and format their own books to the Kindle Store. The announcement comes at a precipitous time, just before the Jan. 27 unveiling of Apple's iTablet -- rumored to be meeting with publishers over its content (the tablet computer doubles as an e-reader.) Already Apple has teamed up with HarperCollins.

Some critics say the problem is that Amazon.com demands the e-books be 20% cheaper than paper-and-ink -- if one is in existence. Those who write straight-to-digital may not be affected. Other rights would also be included, such as digital-to-voice, and Amazon.com has to be able to sell the e-book at the same price or lower than competitors.

The criticism isn't that harsh. Since most writers are lucky to receive 15% of royalties from an established publishing house, something approaching 50% may look like the Holy Grail. The idea that self-publishing -- previously something scoffed at and ridiculed -- could also be made profitable by Internet sales, would change the way books are written and published forever.

Increase your money and finance knowledge from home

How to Buy a Car

How to get the best deal and buy a car with confidence.

View Course »

Advice for Recent College Grads

Prepare yourself for the "real world".

View Course »

Add a Comment

*0 / 3000 Character Maximum