The Profitability of the E-Book Format

Posted on by Ink Well Mag

A smiling woman reading a book while she's in a cafeThere is still an ongoing study whether or not e-books can replace printed books altogether. It is evident, however, that they are providing authors with a more accessible platform to get their works out there.

An author can self-publish a book or negotiate a contract with a publisher. If you’re an author, it is important that you partner with a publisher that can accurately calculate and distribute royalties, according to MetaComet® Systems, Inc. Whether you wish to publish your own book or work with a publisher, there are reasons why choosing to print on an electronic format can be advantageous.

No Shipping and Printing Cost

You don’t have to spend thousands of dollars getting your manuscript printed and bound into a physical book just to be able to distribute it to your readers. You also don’t have to shell out money on transport to get a reader from across the world to purchase a copy of your work. With e-books, you can do everything electronically.

Faster Turnaround Times

Since the process of sending books is just a few clicks of your computer mouse away, the barrier to purchase is lower. Readers can immediately buy your book once they see or hear about it. You might, therefore, be missing out on cultivating a larger audience for your work if your book doesn’t have an e-book version.

Lower Financial Risks Online

If it’s your first time to publish a book, you can test the waters with an e-book. You only have to pay a little amount for the editing and cover design, but the overall risk is far lower than publishing hard copies right away.

Read This  Reasons Your Small Business Needs Google AdWords

A Growing Market

E-books have been a growing industry ever since its introduction to the market. Like newspapers, the transition of books to their digital versions is inevitable in a society that is relying more and more on the internet for information.

Compared to the traditional publishing model, digital publishing has low entry costs and risks, as well as a high margin of return. It would be ideal or first time authors to try publishing on an e-books format first before jumping into the printed version.