PubIt! Rebranded as NOOK Press

PubIt! Is Now NOOK Press

Update (April 12, 2013): This is from David Gaughran:

Barnes & Noble re-launched PubIt! this week as Nook Press, a largely superficial makeover which failed to address some fundamental problems, like restricting access to US self-publishers only, and introduced new howler: updating existing titles causes the loss of all ranking, reviews, and momentum.

That's a huge bug! To find out more: Self-Publishing Grabs Huge Market Share From Traditional Publishers.

My original article:

Barnes & Noble PubIt! Platform has been rebranded at NOOK Press.

Lit Reactor's Dean Fetzer writes that author numbers have gone up by 20%, and titles by 25%, from the previous quarter.

Wow! That's quite an increase.

But it's not just a change of name. Improvements include:

Ebook creation and distribution
Live chat support
A light mode for authors who want to try out the tools before committing to anything
Collaborative tools for workshopping
Sales dashboard (PubIt! Replaced by NOOK Press)

Barnes & Noble have also made a change in their royalty structure. They now give authors a 40% royalty on all books priced below $2.99. Amazon only offers 35%.

However Barnes & Noble lags behind Amazon in other ways, only offering 65% royalties on books priced between $2.99 and $9.99. Amazon offers 70%.

Many New Users Have Had Trouble Registering At NOOK Press

Dean Fetzer warns that new users of NOOK Press had some problems registering.

Question: Have you published through NOOK Press? What was your experience like?

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Photo link: "Bookstore" by ReneS under Creative Commons Attribution 2.0.

Amazon's KDP Select Program: Is Exclusivity Worth The Perks?

A few days ago I mentioned that the Amazon store in India is now offering a 70% royalty option (Amazon's India Store Now Offers 70% Royalty Option) but apparently I didn't read the small print. Kris Rusch writes:

This week came the news that Amazon’s Kindle Direct Publishing program will offer its content providers a 70% royalty on all sales made in India—provided the content providers go with Kindle Select only. For those of you who don’t know, Kindle Select requires exclusivity from anyone who joins it. You can’t market your work on the iBookstore, for example, or on Kobo if you’re part of Kindle Select. Only on Amazon.

Let me play devils advocate. Many writers I've spoken with say they make upwards of 95% of their sales on Amazon, so selling only through Amazon is not costing them a great deal of money. Further, since Amazon gives them perks like free days and inclusion in the lending library many authors end up selling far more through Amazon than they would have through all the stores combined.

Personally, I thought the above line of reasoning was compelling, but Kris raises an excellent point. She writes:

[M]y own beliefs about maintaining different platforms for my work got reinforced this week after WMG hired someone to input the sales figures for the last six months. We looked at those numbers yesterday. I sell a lot of books on Kindle, but my biggest selling title, a short story called “The Moorhead House,” sold a grand total of one copy on Kindle from January to June.

Every single one of “The Moorhead House”’s rather surprising (to me) sales came on the Nook. For some reason, Nook readers either like or have found or continue to find that one short story. And they buy it more than they buy anything else of mine offered through Barnes & Noble.

If I had joined Kindle Select with that story, I doubt I would have made comparable sales.

I don't think I've read a business post of Kris Rusch's that wasn't well written and well thought out. This one is no exception. If you'd like to read the whole thing here's the the link: The Business Rusch: Content is King.

I'd like to share one more thing with you before I leave. Kris writes:

If you can control the content, then you can control the money.

But here’s the problem with content: it’s not easy to create. If a bunch of monkeys at typewriters could write novels, don’t you think the publishing industry would have conscripted the little buggers decades ago?

I thought that was hilarious! So true.

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Photo credit: Karen Woodward