The quiet underdog in the ebook publishing and distribution arena has long been Smashwords, a site known for its ease of use and welcome of nearly every genre. But the site that so many readers–and even self-published authors–are not all that familiar with is actually accumulating impressive numbers, with over 80,000 authors and publishers launching more than 230,000 ebooks, which translates into revenue of more than $20 million last year, a five million dollar increase over the year before.
When you’re that good, people tend to take notice. And for the second year in a row, Forbes has taken notice, naming Smashwords to its Top 100 Promising Companies list.
According to Smashwords’ CEO and founder Mark Coker, “The editors at Forbes evaluated hundreds of companies before making the final selection. Forbes based their selection on growth (both in sales and hiring), quality of management team and investors, margins, market size and key partnerships.”
Per a 2013 year-end edition of the Good e-Reader Radio Show, it’s possible that Smashwords has done more to disrupt the old-school publishing model than any other company at work in the book business. By putting the ability to publish and distribute squarely in the hands of authors, Smashwords gave a voice to people whose books–for better or worse–would often never have reached readers.
“Every day I wake up thankful that over 80,000 authors and publishers around the world have chosen to partner with Smashwords for their ebook publishing and distribution. Every day, every member of the Smashwords team is 100% focused on your success. We serve at your pleasure, and we’ll never stop working to innovate new opportunities to connect your books with readers.”