Here at Proboscis we are very excited by the quality of the new PPOD service we’re offering users of bookleteer, but we also recognise that there are still economic barriers to people wanting to break into publishing their own eBooks & StoryCubes. Despite our ground-breaking service offering low-run printing (from only 50 copies per title, much lower than the industry standard of 500 or 1,000 copies) this still requires bookleteers to pay up front for printed versions of their eBooks & StoryCubes. Our aim is to open up publishing with bookleteer by removing as many of the traditional barriers as possible.
With bookleteer you can currently create shareable eBooks and StoryCubes that you can send or allow people to download anywhere in the world at no cost; you can also have high quality professionally printed & bound versions made. Our pricing for this has been set to make it as affordable as possible, so that users can sell on their printed eBooks/StoryCubes and add their own profit margin. But, for many people, the cost of printing even just 50 copies might be more than they can afford or justify on the basis of anticipated (or hoped for) future sales.
In trying to resolve the puzzle of how to allow people to use bookleteer not just to create things which they pay for, but which also allows them to earn money from their creativity, we’re now researching a concept for a crowdfunded marketplace. What we’d like to implement in the future (possibly in the beta version later this year) would be a bookleteer marketplace where the users can submit their eBooks and StoryCubes (either individually or a series / collections). We imagine that the user will set the retail price of the publication, add an ISBN number (if they have one) and set a target number of sales to be achieved before the publication will be printed via our PPOD service.
The marketplace would be public for anyone to browse and, using some kind of crowdfunding platform, pledge to buy a copy or copies of the eBooks/StoryCubes. Payments from buyers would be held in escrow until the sales threshold is reached and the printing and shipping of the publication triggered. At that point we would transfer the creator’s share of the sales to them (minus our printing & shipping costs). If there aren’t enough pledges within a given time frame to trigger the printing, then the buyer’s money would be returned to them. This approach, also called threshold pledging, would reduce the risk to both creator and buyer.
We are just at the very beginning of developing this concept and its going to require more resources and expertise than are currently available to us to actually turn into a reality – however we would really like to know what other people think of this. We’d love to hear from anyone with experience in building crowdfunding systems or using crowdfunding platforms to see if this is possible and what the average ratios are of successful to unsuccessful targets being reached.
We’d like to think that this idea could make it possible for anyone to be able to create a publication and have it professionally printed and bound without having to find the money to do so up front. With bookleteer they would be able to make the Diffusion eBook PDFs available for people to make their own handmade versions, then choose to buy the PPOD version (thereby economically supporting the creator). In this way we could create a whole new generation of publishers, crossing economic as well as cultural divides, allowing more people to find different ways of sharing their ideas, stories, knowledge, artworks – whatever they value and wish to share.