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Introduction
Third Millennium Publishing is a place where authors can
showcase their talents by offering their work for sale to the public.
Historically, you did this by selling your manuscript to a publisher, who would
then expend several thousand dollars to put your book into bookstores and other
retail outlets. Because the cost of editing, publishing, distributing, and
advertising a book are so high, the publisher and bookseller keep more than 90%
of the money collected and provide the author with only 6-8% in royalties.
Moreover, because of the cost of shelf space in traditional bookstores, the
typical life of a book is only a few months. Your book comes out, you are
ecstatic, then two months later, they rip the covers off any unsold copies, and
send them back for a refund. Authors have long considered this arrangement
to be unfair, but considering the economics of traditional publishing, there
hasn’t been much they could do about it.
The advent of the INTERNET has changed the economics of publishing dramatically. Now books can be put online for a few hundred dollars and maintained there, available for sale 24 hours a day, 7 days a week, 365 days per year, forever. Nor are sales limited to the few square miles surrounding the bookstore. Third Millennium Publishing is a worldwide enterprise that can sell your book anywhere on the planet. We have sold books in countries as widely separated as Bosnia and New Zealand, Italy and Japan, Sweden and Australia.
How It Works
You send Third Millennium Publishing your manuscript in an electronic format that is ready to publish. That means that the manuscript should be edited, spell checked, and all corrections made before we get it. Once we receive your book, we will put it into a form that makes it easy to read on a computer screen, or in hard copy after being printed out. We will put your manuscript into the industry-standard Adobe PDF format, as well as PalmPilot and Microsoft Reader formats. We will then put the copies of your book online and provide a link to Third Millennium Publishing's credit card collection service, electronic check processing service, PAYPAL, and our toll free telephone ordering number. We will even provide an order form your customers can print out in case they are still ordering products the old-fashioned way, by mail.
We will build you your own section of our website, with
your own summary page (if you have more than one book), individual display pages
for each book, and a biography page. Once you have your own section, along
with navigation links to easily jump between pages, we will add you to the HOME
PAGE, where you will be prominently listed among the other authors.
Once you are set up, customers input their credit card
numbers and receive a USERNAME and PASSWORD. These are used to access the
electronic book files in a secure directory at the Third Millennium Publishing
site. Having obtained your book, they have the choice of reading it on
their computer screen using the free Adobe Acrobat PDF reader, Microsoft Reader,
or PalmPilot reader, or printing it
out. As soon as their credit card number clears the bank, the credit
collection agency will send you an email notification that tells you the name of
the customer, the name of the book purchased, and how much money you have
made. The average response time between sale and notification is typically
30 seconds. If they use some other form to order, we will notify you
of the order as soon as we receive it.
At the end of every month, we tally up your
sales, deduct the costs incurred in making the sale (approximately $0.60 per
electronic book or $1.00 per trade paperback sold to collect, validate, and process the credit card numbers), and then
send you a check for the net proceeds.
To demonstrate the process, we have set up a demonstration
account at our credit card collection agency. You may preview the process
by going to http:/3mpub.com/demo.htm.
If you choose to test the system by inputting a real credit card number, then you will receive a notification
email similar to the one you will receive when people purchase your book. This is a test of the
actual system and will cost you $1.00 to test it.
I can hear you asking the question in your head: Sounds great, but how much does all of this cost? Glad you asked that!
SCHEDULE OF CHARGES
Third Millennium Publishing will put your book online for
you, display it in a manner that will enhance sales, and collect your money for
you. Our charge for this is as follows:
1. Basic Hosting of Your Book on Our Web Site for Two
Years:
a. First
book
- $300
b.
Second book
- $200
c. Third
book
- $100
d. Additional books - $100 each
2. 3MPUB charge per
sale: $1.00
for electronic books or trade paperback books printed by third parties
3. Credit charge per
sale: $0.50 plus
2.6% of the sale price
4. Monthly disbursement cost: Free
5. Cost after initial two
years: $100 per book per year
6. Other charges: Sometimes when people purchase by credit card, they will refuse to acknowledge the sale when the bill comes due. This happens infrequently, but is a normal part of being a credit card merchant. You, the author/publisher, will be responsible for all credit charges or charge-backs related to the sale of your books.
AN EXAMPLE:
You have an electronic book online and you charge $5.00 for each
copy downloaded. When someone purchases your book, the
following breakout of the charges results:
Sale
Price: $5.00
Cost of Credit Card
Processing: $0.63 (50 cents plus 2.6% of five
dollars)
Our
Fee:
$1.00
NET MONEY TO YOU: $3.37
Please note that even after payment of the credit costs and the payment to Third Millennium Publishing, you receive nearly 70% of the money from the sale of your book. This is approximately 10 times the royalty you receive from a traditional publisher. That means that you only need to sell one-tenth as many books on the INTERNET to make the same money. Or, as we prefer to think of it, you make ten times as much money when you sell the same number of books.
If you are interested, but still have general
questions, please click on the Frequently Asked Questions (FAQ) link
below. If you would like to discuss the possible sale of your books on the
INTERNET further, please email us at information@3mpub.com.
Thank you for considering Third Millennium Publishing to assist you in putting your book online.
| © 2000, 2005 Third Millennium
Publishing, All Rights Reserved
Information: information@3mpub.com Contact: Michael McCollum, CEO Address: PO Box 14026 Tempe, AZ 85284-0068 Third Millennium Publishing is a division of Sci Fi - Arizona, Inc.Page was last edited on 12/03/07 02:06:08 PM
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