If you enjoy keeping up on what’s happening in the publishing industry, don’t miss this new article in Bloomberg Businessweek on Amazon’s supposed takeover.
What I don’t understand is why anyone would publish with Amazon when they could acquire their own editing, cover, etc. and then print with Lightning Source like I do.
This article says Amazon only pays their authors 45-50% of the selling price. I make 50% on every book I sell through Amazon and 75% when I sell my own books directly, and Lightning Source takes care of all the distribution issues to lots of different sellers like Barnes & Noble, Ingram, etc.
This just continues the amazement I have, in general, with Amazon. They started out with just books, now they sell everything and are even into publishing as well. They might take on the world next!