PublishingReinvented 45 - NFTs#3 + Practical Preparation Steps + Embargo
This will be my last mention about NFTs this month, promise. Read about them here and here to get the background.
As BooksGoSocial moves to launch its NFT Book Market for Special Editions - the 1st in the world that we are aware of, I want to tell what practical steps you can take to be part of this, the thin end of a wedge that will change the publishing industry:
Our first batch of Special Editions NFTs will be packaged as ZIP files containing your ePub or MOBI and/or PDF and a text or short audio file with an explanation of how you came to write the book or a prologue or epilogue that will make the special edition different to what might be on Amazon. You can also include a unique image file to illustrate something about the book or multiple files. We will be using MOV files as moving covers. You can package all this yourself or ask us for help. We have text to audio software for instance. If you want a moving cover or an audio file created we will have too charge for our time.
But there will be no charge for BooksGoSocial to turn your ZIP into an NFT. The cost of minting (creating) the NFT will be deducted from the sale price as well as a 10% fee to BooksGoSocial for preparing and helping to sell yout NFT. This will be deducted at the Ethereum exchange rate (Ethereum is a relatively stable large cryptocurrency) at the time of payment to you at the end of the following month to the sale. This is faster than Amazon pays out and you get a bigger percentage than they pay.
If you wish to submit, please have your ZIP ready as soon as possible and register your interest by filling out the form at this link. You will receive instructions and the additional information we need such as title, author, genre, extras included, price suggested (or we will set the price,) & three sample short reader reviews.
Please hold any announcements of your part in this until the marketplace site is ready with your special edition uploaded. We plan to have everyone announcing the marketplace on the same day for maximum exposure.
The tools we recommend you use to get ready include Canva, to create an animated cover and MetaMask to store your Ethereum from sales and convert to $$$.
Please also consider who might be interested in your special edition so they can be notified when the marketplace site arrives and sales commence.
We will have further NFT marketplaces with other options, such as hardback editions, as we develop further. The goal now is to get a selection of great ebook Special Editions ready for May.
We do not expect this to be an overnight sensation. Some NFTs will sell. Others won’t. Please keep expectations low.
But there is a lot of interest in this and, if you take part, you will be among the first to have a special edition on an NFT Book Marketplace, like being among the first books ever on Amazon. It’s going to be interesting!
Here is a video guide to our main services - if you want to know what else we do:
🔗 https://www.videoask.com/fbtb2bpdv
+ And here is a practical offer to build your mid-April book sales:
Get a $40 discount on any BGS Service. Use coupon code bgs40 at our checkout to get that $40 discount! The code works for all our services. See them here.
Here’s what this newsletter is about:
This #PublishingReinvented newsletter will provide you with:
Weekly insider advice on preparing, editing, publishing and marketing your own work.
Your questions answered in the next email or personally by reply if you are a subscribing member.
Something free, regularly. Comment below to get your book featured in the weeks ahead.
A community to support you.
Discounted editing, publishing and marketing services.
This weekly email will hit your inbox each Monday. See all previous emails in this series here.
To subscribe, for those who may have received it as a trial, click below for monthly and annual options:
Subscribe now by clicking here for credit card payments.
To subscribe with PayPal, also for only $6 per month, click below:
You can cancel anytime and pay no more.
Laurence O’Bryan
Author
Founder BooksGoSocial & The International Dublin Writers’ Festival