So this one’s been on my list to write about ever since Jungle launched. Things have been … pretty busy, which is why it’s taken this long to get to it. But no matter where I’ve been, or what I’ve been doing, this topic has weighed on the back of my mind (even when sick, lol).
Why? Well, because I think it may have a lot of impact on the publishing future going ahead.
Look, let’s all be on the same page here: Indie publishing is the juggernaut change that the book industry is dealing with right now. Traditional publishers are fast falling out of favor, doubling down on archaic models and methods that haven’t made financial sense in two decades, while authors jump ship to newer, smaller indie pubs or just go completely independent on their own. And right at the middle of this swirling maelstrom is … Amazon. The world’s largest bookstore. Who basically looked at publishing and said “Oh, how cute and quaint. Well, you keep doing that, but we’re offering the future.”
Okay, what they really did was throw their doors wide open, say “Hey, anyone can sell a book here, and here’s your 70% royalty,” and let logic do the rest. Because few authors were going to stick with a traditional publisher model where they owned nothing and worked for a royalty so small they’d need to sell a hundred books just to make $10 when they could instead keep all the rights and sell two books to make $10.
Anyway, that’s ancient history by now, and the market is well on its way through the reactionary shift to this change, with traditional publishers struggling to stay relevant through all sorts of questionable actions like cutting author royalties even further or attacking libraries.
But this isn’t about that. Well, sort of. That’s all background to bring us up to speed so I can get to the real meat of today’s topic: Amazon’s Advertising system.