There’s no shortage of companies willing to take an author’s manuscript and promise to produce a quality book, often for thousands of dollars. And sadly, there’s a great spectrum concerning both the experience of working with the company and the quality of the finished product. Additionally, many self-publishing companies charge outrageous amounts of money for tasks an author with a little know-how can do on his own, but yet still take an additional majority percentage of the royalties, even though the author paid for an expensive package.
One of the rare companies who does not operate that way is BookBaby, who charges a minimal fee for services and connects authors to qualified, vetted professionals for services they do not provide in-house. But what makes BookBaby even more exciting is the announcement today that is completely upending the publishing industry status quo where royalty payments are concerned.
When Amazon Publishing, the book giant’s retail arm, announced over a year ago that they would pay their traditionally published authors monthly instead of quarterly, a number of critics scoffed at the idea that this upstart company would change a four hundred-year-old system. But today, BookBaby announced that it will pay its authors for sales made in its new BookShop weekly…yes, every single Monday.
“We’ve been talking to our authors a lot,” explained Steven Spatz, Chief Marketing Officer for BookBaby, in an interview with Good e-Reader, “we’ve been listening to them. This whole industry has evolved. It’s not enough just to give distribution and conversion, they really want help in promoting and selling their books.”
BookBaby’s announcement today includes details of a new retail platform for authors’ works. In addition to the usual platforms that authors have come to expect for their books, the new BookShop will not only offer authors a new distribution outlet, but will also offer them the opportunity to receive payment weekly. While titles sold through major retailers will still fall under a monthly royalty system, authors who direct their readers to the BookShop can stand to benefit even faster.
“It used to be that writers were thrilled just to have their manuscripts turned into an eBook and listed for sale on Amazon,” said Spatz. “But for today’s independent author, literary success requires a lot more than just great file conversion and retail distribution.”
BookShop is just the latest tool that BookBaby provides for authors. Last year, the company debuted its free BookPromo platform that helps authors share the news about their titles, garner reviews, take advantage of press release distribution, and more. The company has a long history of connecting fans to content, as BookBaby grew out of the original indie music platform, CDBaby.