It sounds like Amazon.com is planning to launch a service for their customers that resembles the Netflix plan – it will allow for a possibly restricted, certainly chargeable, month-long access to an eBook library.
It certainly worked for Netflix and movies, why not for Amazon and eBooks?
The idea seems to be that for a monthly fee, customers would have limited access to a library of works which sounds to be starting off with older works rather than the newest of the new. It also sounds as if they might extend this to the already established Amazon Prime
In the traditional publishing model authors can get paid in two ways, either a flat fee (a onetime lump sum) or on a percentage, or royalty, of each book sold. Then there is the increasing popularity of self-publishing. Here we’ll outline the differences.
When working with a publisher each contract will vary but there are common practices in the industry. Typically royalties for hardcover books are about 10% while 6%-8% can be expected for paperback. A new trend emerging is for publishers to pay authors based on net rather than the retail price of the book. A