Ebooks Threatening Publisher Profits.
No – not the Get Rich Quick ebooks, but the digital copies of books formerly in print according to the Financial Times. What’s especially being hit are the profits from hardback best sellers.
Google Books are a big culprit in this but Amazon’s Kindle is doing it’s damage too. (That’s why I’ve been writing about how almost anyone can become a Kindle Publisher [affiliate link] but I digress!)
Some publishers like Thomas Nelson are producing packages where the price includes a print and electronic version of the book, but Kindle is making things difficult because they want publishers to charge $9.99 or less for their Kindle editions.
But opportunity wise, this means that if you were to become a become a Kindle Publisher [affiliate link] and things sold well for you there, you’d be able to take the books that sell in that format and republish them on new readers as they become available. It’s their crisis, but it is still an opportunity for you.
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