I want to help authors get their ebooks into libraries.
I want to help libraries acquire indie ebooks.
To do this, I started a business called EAF – EbooksAreForever.com.
I want to sell your ebooks to libraries.
What’s going on with libraries and ebooks?
There are 120,000 libraries in the US. These libraries, and their patrons, are eager for popular ebooks. Many libraries have a budget they must spend, or they risk having that budget cut.
Currently, libraries have no allies in the ebook market. They aren’t happy with the restrictions and costs of the current leader in supplying libraries with ebook content, Overdrive. Through Overdrive, many publishers charge high prices for ebooks, some higher than $80 a title. They also require yearly license renewals, and may force libraries to re-buy licenses after a certain arbitrary number of borrows.
Just one example of the perils of this approach for America’s libraries is that a library must pay for extensions of time-limited licenses of old ebooks and purchases of licenses for new ones. All kinds of sustainability and predictability issues arise. And that’s true even if the budget remains the same, rather than declining, as many have in recent years. It will be harder than ever for libraries to grow their collection, whether the licenses are time-limited or come with limits on the number of times a library can loan a book.
So libraries are spending a fortune and don’t even own the content they’re spending that fortune on. In many cases, if they stop paying the fees, they lose the content they bought. This has been dubbed “digital decay”, and it’s a money grab, pure and simple.
What’s going on with indie authors and ebooks?
Some indies are on Overdrive and 3M. I’ve been on Overdrive for a few years. My last quarterly check was about $60, and I have a large catalog. This is small money, not just for me, but for any writer. And I was fortunate enough to have been invited into Overdrive. Many authors are not.
The vast majority of libraries don’t have access to many of the ebooks that readers are seeking. The latest AuthorEarnings.com report showed that 33% of all ebooks sold on Amazon are from indie authors. Libraries are missing out on 1/3 of available titles, because they have no way easy way to acquire them.