jemjabella - ultimately better than you

The Bookhabit Pyramid Scheme

I know quite a few of my regular readers are aspiring writers and as such, are writing or have written books of their own. In light of this, I think a few of you may find Dee’s post on Bookhabit and its ‘financial model’ interesting. Specifically this excerpt:

Bookhabit’s author pay-out model is deliberately structured to keep most of those royalties within the site itself. When signing up, you the author agrees that Bookhabit doesn’t have to pay you until you’ve earned a stored total of $50 in revenue. [..] Bookhabit, in fact, encourages its authors to use their pre-$50 revenue to buy other books from the site. In other words, the whole place is essentially set up like one big pyramid scheme with Bookhabit itself the only one ever really making any money.

Hopefully you’ll be able to use the post, and the comments in response to it, to figure out if it’s somewhere you’d like your own book(s) promoted/sold.

May 27th, 08 @ 21:07 · Internet

 

17 comments on “The Bookhabit Pyramid Scheme”

  1. #On May 27th, 08 @ 9:35 pm, Amelie wrote:

    Pssst, “the bookhabit and it is ‘financial model’”? ;)

  2. #On May 28th, 08 @ 8:51 am, Chans wrote:

    Interesting, I think a lot of people will like the idea of a site that sells your books (or promotes them) because it’s so hard to find a publisher interested enough to do it. But if you take a closer look, it might just be not such a good idea…

  3. #On May 28th, 08 @ 9:06 am, Jem wrote:

    stfu Amelie :p

  4. #On May 28th, 08 @ 6:54 pm, Stephanie wrote:

    I guess it depends on how badly you want to get your stuff out there. If you really, really want your stuff out in the public, and don’t care that you’ll be making essentially nothing and the only way you’ll [[probably, haven't read the full agreement]] ever get rights to your work back is through a very very good lawyer… then hey, I guess it’s for you. As ridiculous as it may seem, some people are so hellbent on getting themselves out there they’d do just about anything. The same thing happens to new artists in the music business. It’s ridiculous.

    And completely unrelated, and I’m probably the only one who doesn’t know this already, but I was so unaware that the comment box could be made bigger by dragging the lower right-hand corner. Must be a wordpress thing. Awesome.

  5. #On May 28th, 08 @ 7:11 pm, Jem wrote:

    @Stephanie: I’m thinking more likely a browser or extension thing because I can’t do that? o.O What are you running?

  6. #On May 28th, 08 @ 7:14 pm, Amelie wrote:

    ^ It’s a Safari thing ;)

  7. #On May 28th, 08 @ 7:15 pm, Jem wrote:

    Feckin’ mac users, get off with ya! Littering up my blog..

  8. #On May 28th, 08 @ 7:30 pm, Stephanie wrote:

    I forget about you silly Windows users, sorry :)

  9. #On May 28th, 08 @ 7:30 pm, Stephanie wrote:

    And would you really turn out me from your blog? An old friend? Aw.

  10. #On May 28th, 08 @ 7:35 pm, Jem wrote:

    Don’t be silly, you’re one of my top commenters :p

  11. #On May 28th, 08 @ 7:41 pm, Stephanie wrote:

    That’s because I’ve known you/of you since like the beginning of time, haha.

  12. #On May 28th, 08 @ 7:45 pm, Jem wrote:

    Yeah, you’re like a loyal dog. Somewhat smelly, possibly quite hairy, but otherwise nice enough. ;)

  13. #On May 28th, 08 @ 8:19 pm, Julie wrote:

    Regarding textareas, you can also use extensions for Firefox. I have it and I’m in love with it. *resizes textareas all over Jem’s site*

    So, Jem, when are you publishing a novel? :P

  14. #On May 28th, 08 @ 8:20 pm, Jem wrote:

    I’m not publishing anything, it’s hard enough coming up with crap content for my blog!

  15. #On May 28th, 08 @ 9:07 pm, Stephanie wrote:

    I don’t smell bad! Last I checked, people can’t smell across the pond.

  16. #On May 28th, 08 @ 9:48 pm, Vixx wrote:

    Let me finish my book before I get excited at the thought of publishing it. :)

    V xx

  17. #On May 30th, 08 @ 1:28 am, Cel wrote:

    Yes, because we teenagers are searching out possibilities for publication every day.

    …actually, we are. Or me, at least. Me. Thanks, Jem.

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