Jeremy Greenfield of Digital Book World writes about Zola Books, a new
eBook retailer that launched in beta shortly before this year's BEA. The
company has raised $1.3 million from investors and plans to open its
eBookstore to consumers on September 19th. Zola is offering eBook
partnerships to American Booksellers Association members that have been
selling eBooks through Google Books, but it's not clear whether Zola is
under official consideration to replace Google by the ABA.
One ABA member, Katie Fransen of One More Page Books in Arlington, VA,
said that the ABA eBook program was much too expensive. The ABA charged
a monthly fee of around $200/month to program and maintain the store's
website, and to act as a go-between with Google. Fransen, whose store
has signed up for Zola's beta program, said that Google offered a very
small percentage on sales to its independent bookstore partners. Zola,
on the other hand, pays publishers 70% of each sale, and then splits the
remaining 30% equally with its partners (Zola pays the 4% credit card
transaction fee out of its share of the 30%.) It's a great deal for
publishers, but it's significantly less than what most bookstores make
on print sales. (Also, it's unclear what the business model truly
is--Greenfield writes that Zola gives independent booksellers that run
their own online stores 60% of the net proceeds from every sale, which,
if net proceeds are measured after the publisher's share, would be a
slightly better deal for booksellers.)
To date, Zola has signed up 48 bookstores for its beta test, and half of
them have committed to use Zola when it launches in September, although the article says that the number of participating bookstores continues to change.
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