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So are you a publisher or a vendor? It almost sounds to me like you're a eBook vendor, looking to compete with programs like Amazon's KDP.
You say you don't have a publishing background. Do you have a bookselling background? eCommerce? Web development? How many people are in your company? What's the range of experience? Why have you chosen this business?
Do you think that you've learned the right lessons about when to listen to your business mentors and when to your industry gurus?
How will you ensure the quality of the books you present, so that your users don't decide you're a slush outlet? Not all self-published works are unconsidered trifles, ready to be snapped up; some are not ready for the attention. Who will do the work of filtering those out?
And how will you ensure that the reviews are fair and honest, neither the gushings of the author's nearest and dearest nor the casual cruelty of trolls?
I presume you have break-even scenarios, either for the volume of low-price books or the average price of more popular works. How have you evaluated the likelihood of those scenarios? What real-world sources have you used to build your models? How much are you expecting authors to publicize their works, and how will you check/enforce that expectation?
How, if at all, are you dealing with issues around DRM and regional licensing? Are you assuming that all of your books are to be available everywhere on all platforms?
How close are you to launch?
Does anyone at The Seed Hatchery have any experience with books or the publishing industry?
I guess Richard isn't going to address my concerns, so I'll just reiterate that your model is fatally flawed because you want editors to push your name to those we reject, and you want to send writers to editors in order to save us from ourselves.
You admit to having zero publishing experience, so there is no way you are in a position to determine a marketable story. This means that you'd be adding to an editor's job by sending along not-ready-for-primetime stories. Secondly, authors would be infuriated to know and editor had passed their name along to you. That is spamming of the worst kind. If you're going to reinvent the wheel (as so many before you have attempted), then isn't it logical to actually be experienced in the industry?
Again Smashwords is hugely successful and had no publishing experience on their founding team.
Smashwords is an aggregator and distributor, not a publisher.
While Smashwords itself may be successful, the typical Smashwords book sees few if any sales. How many are best-sellers? How many win awards? How many of their authors are well-known for their writing?
In the interests of full disclosure I myself am a "Smashwords author" in that I have released some of my backlist titles through their system. Compared with commercial publication my income through that stream is laughable.
Turning to Screwpulp:
Will your books only be available through your own site, or will they also be available through B&N, Amazon, iTunes, All Romance ebooks, and other sites?
Will your books have ISBNs? If so, who owns those ISBNs?
This needs explanation because self publishing means that the author is the publisher and assumes all costs of production, distribution, and sales. They purchase their own ISBNs, and they are identified as being the publisher. If you want to be a Smashwords, then I have to ask why.I don't see us as a publisher either. More a of a marketplace for authors who want to self-publish.
ISBNs identify the purchaser as the publisher. You can't purchase ISBNs in someone else's name. This is in direct conflict with your statement where you say you aren't a publisher. Clearly, you are on some level.We have been kicking around the idea of giving ISBN's after the first sale. If we buy them in bulk they can be quite cheap. We are still researching this possibility, but if we do it we would want them to be owned by the author.
I'm sorry, but this sounds exactly like a publisher because you are in control of where the book sells.At first only through our site. We would like to help authors make connections to other distribution channels in the future but, from what we've learned in this forum, I think we'll need to prove our worth before approaching those connections.
I'm still at a loss as to how you plan on making any money. You have no publishing experience, so you're not in a position to understand the marketplace, and you admit that you're doubtful whether your books will sell well. Given this, can you please tell me what makes your company a logical choice for authors? Can you appreciate that this particular industry isn't a learn-as-you-go endeavor? That you're messing about with people's books, and if you go belly up, that you take your authors down the tubes with you?We don't have any delusions that most books will be successful. Our hope is that the vetting process will give potential buyers clear indications of which are good versus bad.
I don't see us as a publisher either. More a of a marketplace for authors who want to self-publish.
Probably not many. We don't have any delusions that most books will be successful. Our hope is that the vetting process will give potential buyers clear indications of which are good versus bad.
Are those books selling better in other venues?
We have been kicking around the idea of giving ISBN's after the first sale. If we buy them in bulk they can be quite cheap. We are still researching this possibility, but if we do it we would want them to be owned by the author.
From where I sit your business model most closely resembles Xlibris at its foundation (before it became an out-and-out vanity press and was bought first by Bertelsmann then by Author Solutions). Other failed implementations of this idea include Mighty Words.
A situation where reviews drive discovery and pricing, while ratings are supposed to keep the reviewers honest, sounds to me like not just one opportunity to have your system gamed and trolled, but two.
This method typically produces high quality work but not all rejected work is bad. We know this because there is a huge surge in self-publishing.