Smashwords is a great service, and they have done a good job in making deals with various online stores so that their authors can get into them.. For one online retail store, however, that has just changed.
Pubit, (The name still makes me cringe) by Barnes and Nobles, is now active and open to submissions. Books are already appearing in the Barnes & Nobles catalog from Indie Authors. Now, if only they could tweak their search engine. Compared to Amazon’s, it’s severely deficient.
Pubit has two royalty structures (similar to Amazon):
40% – For titles priced at $2.98 or less, or $10.00 or more.
65% – $2.99-$9.99
This compares to Amazon:
35% – For titles priced at $2.98 or less, or $10.00 or more.
70% – $2.99-$9.99
Barnes and Nobles claims that newly submitted titles will appear in the store within 24-72 hours, and from what I’ve seen from Authors who have already started uploading, that time-frame is correct (the same authors are also already reporting sales).
Barnes & Nobles have been pushing their Nook and ebook store hard. They can expect to sell quite a few this holiday season.
And, as authors, it’s always good to have your eggs in more than one basket.