Ladies and gentlemen of cryptocurrency world, allow me to present you the solution to a problem that silently affects many people. How many of you reading this did at one point in life think “Oh, I wanna be a published author. My books would sell great, and I would earn enough money to live by putting my creativity to life. I would gain audience and enjoy book promotions and signing…” And you would get lost in that thought. How real could it be? Then the reality hits. It’s a long path from putting the last letter on a paper (or a screen) to actually holding your first book in your hands. I know that, I’ve been there. Took me more than a year, when I take into consideration all the denials I’ve been through.
When I turn around and take a look at the last year and a half, actually it wasn’t the denials that affected me. It’s the after. My book is not selling that great. I’ve only had three promotions, two of those with other writers joining me. The way I published was that I paid the complete amount of expenses and all the royalties are mine in five years time. My publisher took my money from me to print and publish, and I still don’t see a dime.
Have you been through similar experience? Was it hard to find an agent? You suffered a bunch of denials and decided that maybe you should stop writing? The solution is easy, you publish an e-book on Amazon or similar websites. But, there’s a catch.
Let’s take a look at some hard facts.
There are more than 25 online publishers for e-books. How do you choose the best one? So you take a look at a list and decide you will put your book in the first three. A small research on Google says those are:
– Amazon Kindle Direct Publishing
Of course there is no limit, and you can publish your e-book on all of them, but do you really want to be that dispersed regarding author’s accounts and profiles? I know I would have to organize everything and know how mu sales are going, and it seems tough to do from 25+ places on the internet. Yes, there is the e-mail to notify me. But what if I simply forget to check something?
On the surface, Amazon is pretty simple. You take a book of any number of pages, you sign in to your Kindle account, fill out the form, and you’re free to go. Of course, you need to set up a payment method to receive whatever you earn. That’s where it starts. Now you are listed and you’re “fighting” for a place in the market. Depending on what niche you wrote your book in, you might get a few sales. The more sales you make, the higher the rank is and your book is going towards the top. But let’s face it, it’s very hard getting #20 rank. At this moment, #20 is Stephen King with Six Scary Stories. You get the picture. But you’re not writing for ranking, you’re writing to get people to read and enjoy your art. It’s hard for readers to get to your book because your rank is so low. And that is only one of the problems. There are many people trying to do the same as you at the same point in time. You should feel competitive towards them and write better to be noticed, but that is no guarantee of your success. You should have a great book cover to attract buyers, and that is not always easy and cheap to do. There’s a whole bunch of things to learn if you wanna do it yourself, starting from choosing a copyright free image, editing it in RGB and setting up a proper resolution to the image (because different websites need different resolutions to fit reading devices), etc.
I did all of this. I had probably failed with the cover, resulting in only five sales in three years of time. I also did no marketing. I simply refused to pay to advertise something that should bring me money. It’s a paradox for me.
Kobo and Smashwords are pretty similar. There are differences that I won’t delve into at this point. But what is similar is that they take percentage from writers only so that their book can stand on the website. According to Google “one of the biggest factors to consider in pricing your e-book is the percentage of sales you’ll receive from the retailers. Amazon pays out a royalty of 70% on all Kindle titles priced between $2.99 to $9.99. For eBooks priced below $2.99 and above $9.99, Amazon pays out only 35%” But, the higher the price for your book, the less sales you will probably have.
Think outside of the box for a minute here. What if you could post your book on a website, reach audience and keep all your money?
Of course, you could go to self-publishing paperback edition, and pay, again, or you could search for an agent and try to sell your rights to publishers. Still, the price publishers are willing to give for your rights may not help keep your stomach full for a year. That’s a whole another path and maybe I will write about those problems too, one day.
There is a shortcut. It’s called Book Network. It will be a place similar to Amazon and all other publishing websites for e-books and it will be an extension of a website for Book Token – WRT. What is Book Token? Book Token is the first token on the TRON network to help and support authors and writers of all genres on a decentralized platform.
It will be a blockchain for writers.
Think about the possibilities. Being an early adopter of cryptocurrency can bring you many benefits, including being one of the first people who will publish their e-books on a decentralized, distributed ledger, secure and transparent network, earning 100% of your royalties.
All you need is an account within the Book Network and a wallet and you can start earning WRT in no time.
The Network is currently in development, but we do have a website (still needs bit of fixing, but take a look) – http://bookwrt.io/
Here is a scan https://www.trontokens.org/token/BOOK
And the most friendly Telegram group – https://t.me/BookWRT
Come join us and see what we’re all about. You won’t regret it.
Book WRT Whitepaper Presentation