I have read several articles on the new Buy button. The reactions have been rather angry from publishers and authors.
If you haven’t heard about this yet, well let me enlighten you.
Up until now, the buy button on book pages automatically directed customers to new copies of titles Amazon stocked from the publishers. Now, re-sellers can win a buy button by meeting various criteria outline by Amazon which includes the price, availability, and delivery time. The program is also only open to books in new condition.
Those objecting to this policy say it is allowing Amazon to deprive publishers of sales and authors of royalties. (Because re-sellers are not buying their copies from publishers, these sales will not be counted as sales, and money derived from them will not go to publishers or authors.)
A number of organizations, including the Authors Guild, are on alert. The guild said the change in policy means that “only Amazon and the re-seller share in the profits [of the sale]. This has the potential to decimate authors’ and publishers’ earnings from many books, especially backlist books.”
Some feel that this is a push by Amazon to promote their own printing program, instead of having tons of book inventory, they would just print as the book is ordered.
No one I spoke to thought this was a great idea and even Amazon has now clarified that the books must be in New condition. With the dust jacket. So pretty much anyone can get a free book and then go sell it on Amazon cutting out any profit to the author or publisher.
It seems as most are taking a wait and see approach. But, what do you think of this?
Let me know!