Smashwords Publishes 50,000th Ebook and 20,000th Author

Smashwords achieved two special milestones in the the last few days.

We reached 50,000 original ebooks published by over 20,000 authors.

We're on track to surpass 75,000 titles by the end of year, up from 28,800 at the end of 2010, 6,000 in 2009 and 140 in 2008.

My thanks to the thousands of indie authors and small publishers around the globe who have placed their precious babies in the appreciative hands of Smashwords and our retail distribution network partners.

The most exciting thing about these dual milestones is that we've only scratched the surface of the possible.

If you're not yet working with Smashwords, join with us as our authors and publishers change the world one ebook at a time. Learn more at How to Publish and Distribute with Smashwords.

How Indie Ebooks will Transform the Future of Book Publishing

On July 9 in New York I gave a presentation to a group of students participating in NYU's Summer Publishing Institute.

The topic was how indie ebooks will transform the future of publishing.

The presentation is embedded at the bottom of this page for your Powerpointing pleasure.

I started the presentation by quoting lyrics from Rosetta Stoned, possibly one of the best Tool songs ever written. The song is about an ordinary guy who's abducted by space aliens. The aliens tell him:

"You are the Chosen One,
the One who will deliver the message.
A message of hope for those who choose to hear it
and a warning for those who do not."

The lyric basically summed up my presentation to these hundred or so students, all recent grads from around the country who hope to land careers in publishing.

I told them I believe the opportunities for authors and publishers to reach readers are greater today than they've ever been in history. The challenge these future captains of the publishing industry face, I said, is to help publishers take advantage of the change, rather than become victimized by it.

As I explained, some publishers are taking a bunker mentality to this change. They're handing their business decisions over to risk-averse bean counters, and adopting policies and practices detrimental to their authors (fewer acquisitions, fewer risks on unknown or unproven authors, less marketing support) and readers (DRM, artificial ebook scarcity, high prices). Some of these practices that are causing them to act less like publishers, which then causes authors to ask the simple question, "why do I need a publisher?"

I talked about how publishers for the last century or so controlled the means of book production and book distribution. They determined what readers read. In the new world order, now starting to unfold with ebooks, their oligapolistic grip is waning.

The future belongs to the indie author, who can now gain access to the same digital shelves as their traditionally published brethren. With ebooks (and with a little help from Smashwords), access to the digital shelves of major ebook retailers is now becoming fully democratized.

Publishers have a bright future too, if they play their cards right. To survive and thrive in this new world order, they need to serve their authors better than their authors can serve themselves.

How Indie Ebooks Will Transform The Future of Publishing

View more presentations from Smashwords, Inc..

Speaking of Bunkers...
Next month, I'm sitting on a panel for the GigaOm Bunker conference in San Francisco, speaking to a related topic, "Disintermediation in Publishing." Should be interesting. I know there's a knee-jerk tendency among some authors to believe that with this huge trend of democratization-of-everything, and the shift in power to indie authors, that authors are best served by cutting out all the traditional middlemen (agents, editors, publishers, distributors, bookstores, etc). Not so, IMHO.

If the middleman adds value to your publishing exploits, they're a catalyst and a partner, not a parasite. Retailers, for example, earn every penny of their margin by connecting book buyers to your books. I'm amazed this epiphany isn't universal. Seems like every week I see some clueless person on a message board comment, "don't sell through retailers, just sell the book on your own web site and keep all the margin for yourself". That short-sighted strategy is about as smart as opening a taco stand on a deserted island. Distributors, which connect your books to bookstores, add value as well (I'm biased, since Smashwords is an ebook distributor).

Smashwords Sixth Largest Supplier of eBooks to Apple iBookstore, says O'Reilly

The folks over at O'Reilly Media published a survey which examines publisher stats for titles in the Apple iBookstore as of April 26.

They concluded Smashwords titles represent 5.2% of all titles in the bookstore, putting us in the #6 position in terms of title count.

It'll be interesting to see how the numbers trend over time. We now publish and distribute over 11,000 original ebooks, and to date we've only supplied the iBookstore a fraction of these.

We'll supply thousands more in the next 30 days.

This is great news for those of you who distribute with Smashwords. You're part of a quiet revolution that will democratize book distribution to the benefit of all indie authors and small publishers.

Read the O'Reilly story over at O'Reilly Radar.

Smashwords to Supply Ebooks to Amazon Kindle Store

Smashwords today announced a distribution agreement to supply ebooks to the Amazon Kindle Store.

The news follows other important Smashwords distribution agreements we announced in the last three months with Barnes & Noble, Sony and Shortcovers.

I'm so pleased to call each of these retailers a valued Smashwords partner, and I look forward to working with them to showcase our fast-growing catalog of nearly 5,000 independently published ebooks.

Our Amazon agreement marks an important milestone in the evolution of Smashwords. We launched in May 2008 as an ebook publishing platform for indie authors. In May of this year, we expanded the platform to support small publishers. In the last couple months, we've transitioned to a full-fledged distributor of ebooks capable of serving authors and publishers around the world. We're just getting started.

For most of the last few centuries, if you wanted to reach readers for your book, you worked with a publisher. Publishers controlled the means of production (the printing presses) and the means of distribution (access to book stores and readers).

With the rise of ebooks, we're witnessing the democratization of book production and distribution. In the next few years, I think more authors - including big name authors - will ask the question, "What can a publisher do for me that I can't do myself?"

Smashwords makes it possible for any ebook author or small publisher, anywhere in the world, to gain equal and free access to the virtual shelves of the most important online retailers of ebooks.

Authors will compete not on publisher advantage, but on the merits of their works. Readers, not publishers, will decide which books are worth reading.

Read the press release in the Smashwords Press Room.

Thank you for your support.