Crowdfunding Could Save Publishing

by Rachel Baker on October 4, 2014

There is a very interesting article over at Forbes which outlines some of the success the online publisher Unbound has been having using crowdfunding to fund various book projects. Since 2011, there have been fifty-four books published.

This format seems to make a lot of sense when you couple it with a lack of advancements due to the global financial crisis, Amazon strong-arming publishing houses and flooding the market with self-published books that often lack even a decent plot line. By crowdsourcing the publishing of a book, only a book with a large amount of crowd support is published. This means good literature floods the market again on a regular basis, because only the most popular are published – and the revenue model is generous, with authors getting 50% of net profits.

This article was written by: Rachel Baker – Click to Become a Patron or to follow on Twitter.

FacebookTwitterGoogle+Amazon Wish ListEvernoteFlipboardInstapaperNewsVineSpringpadWordPressTypePad PostStumbleUponLiveJournalPocketRedditShare

Previous post:

Next post: