As we delve deeper into this new world of self-publishing, digital publishing, mobile publishing and whatever else is just around the corner, people are looking for new ways to monetize this world.
An interesting approach is being pursued by Scribd, where users pay a monthly fee and have total access to all the books on their site. It’s kind of like Netflix for books. Will this work? I’m not sure. It’s worth trying. Smashwords, a leading service for indie publishers and writers, has joined with Scribd to use this service.
As authors, we need to be aware of what is being done in the marketplace to sell books but we also need to learn how the various approaches will impact authors. The articles below deal with the issue and are worth reading.
Mark Coker, the CEO of Smashwords, gives his reasons for working with Scribd and makes a case for authors to come on board.
Michael Capobianco of Writer Beware raises some serious questions concerning the eBook subscription model.