Self-publishing platform Smashwords has a new update which includes a new pricing and library feature. The “Pricing Manager” feature lets authors and publishers set the retail price of their books within the dashboard of Smashwords.
The second new feature is called Library Direct, which enables libraries and consortiums to place large orders with Smashwords and license eBooks in bulk. Smashwords expects these orders to amount to about $30,000 for the set. Authors and publishers will earn 70 percent of the library price, which is higher than the 45 percent earned aggregator partners.
This new feature came out of user surveys. Smashwords’ CEO Mark Coker explains: “…when I surveyed Smashwords authors and publishers, 82% said you believe libraries offer the potential to build your sales (we agree!!). About 2/3 of you said you’d want to encourage library adoption of your books by pricing your books at or below the regular retail price.” Authors and publishers can decide if they want to participate.
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