Details of the Smashwords/Scribd Deal

If you are publishing – or considering publishing – your family stories using Smashwords, here’s even more incentive for you. Smashwords and Scribd have just announced a distribution agreement which gives your books access to both Scribd’s bookstore and Scribd’s subscription service. And as an extra bonus, if you opt in to this agreement before January 1st, you’ll get a year’s subscription to Scribd free! Here’s the details:

I’m excited to announce a new global distribution agreement today with Scribd, an online reading community that boasts 10 million readers visiting their site each month.  There are two parts to the agreement.  The first part is for Smashwords to distribute books to their subscription ebook service.  The second part is for Smashwords to sell books on their site.  The terms of the agreement are great for our authors.  60% list for all sales for their bookstore, and 60% list for all qualifying full reads in their subscription service.  The trigger points for “full read” credit are when a reader reads more than 20% of the book, not counting the first 10% of the book starting at page one which is considered the free sample.  They also pay for partial reads, which is a cool bonus and unlike any other retailer.  If a reader reads 5% beyond the 10% sample, but less than 20% beyond, you receive a “browse” credit.  10 browse credits equal one full sale.  Also very cool:  As if you didnt already have reason to distribute every book to them, Scribd is offering all participating Smashwords authors who distribute through Smashwords a one-year free subscription to their subscription service valued at over $100.  Make sure your books are opted in by January 1 to be eligible, because this is a limited time offer.  Theyve also got some cool merchandising plans, as well as plans to share enhanced analytics with authors.  In my several months of conversations with them, Im impressed by their enthusism and commitment to support Smashwords authors.  Test shipments have begun, though books will likely not begin appearing in their store or subscription service until sometime in January.  The Scribd channel was activated in the Channel Manager this morning.  If you see a notation that your book has shipped, its only a test shipment.  For authors who want to opt out NOT RECOMMENDED!, you can opt out.  More details at the Smashwords blog.

 

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