Entering the KDP Select program requires that you publish your eBooks exclusively with Amazon and therefore do not publish on Smashwords.
Smashwords will pay authors and publishers 42.5 percent of the digital list price (set by the author) for book sales through Amazon. The rate is higher than what many ebook authors can receive on their own if they publish direct with Amazon.
Getting Started is as Easy as 1-2-3:
Smashwords is a free ebook publishing and distribution platform. We make it fast, free and easy for authors and publishers to distribute ebooks to the world's largest ebook retailers and library ebook platforms. Authors and publishers retain full control over how their works are published, sampled, priced and sold.
This shows that there are some success stories with making a profit through eBooks, on the other hand these are instances that have around a 1 in a Million chance of happening. Therefore, in short, no eBooks are not a profitable business, but that does not mean that the 1/1,000,000 chance cannot happen to you.
A number of online publishing companies allow you to self-publish your eBook at no cost at all.
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Smashwords is now the largest distributor of ebooks to libraries. It also helps you to sell more books on ebook retailers other than Amazon. Because of this fact, it is always worth giving consideration to publish on Smashwords in addition to Amazon.
Self publishing on Amazon is also worth it if you can use the clicks and views that your eBook receives to boost another venture. ... But self publishing a book on Amazon is not a “home run” play by any means. The highest paid authors on Amazon have a series of books and have spent years building that up.
Yeah, it's tricky for eBooks. To be honest, you'll do better overall with Amazon Kindle Unlimited. ... However, if you choose to self-publish on 'normal' Amazon, or other sites (Barnes & Noble, iBooks, Kobo, etc), then there is absolutely no limit.
Here are the steps for how to publish an ebook:
We earn our commission only if we sell your book, and our commission is only 15% or less of the net, which works out to 10% of the retail price when your book sells at our retailers. For example, a $10.00 ebook sold at one of our retail partners earns you $6.00, the retailer earns $3.00 and Smashwords earns $1.00.
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