Reedsy Sets the Template for Self-Publishing Platforms in 2015

ReedsyReedsy is a UK-based self-publishing startup that launched last September. It offers authors and freelance publishing professionals a marketplace exchange to connect and work together on book projects. The company is now preparing to expand its platform in the spring of 2015 with the introduction of an online collaborative-editing tool for authors and its own Reedsy publishing imprint.

The online writing and editing tool will allow self-published authors and freelance editors to work together (in the cloud) on manuscripts. The process will work a little like a combination between using Microsoft Word and Google Drive, just the same way editors can make editorial changes and share documents with authors. All collaboration, communication and payment for freelance services will be supported on the Reedsy platform. And there is an added bonus. A completed document can then be converted into ePub or Mobi file formats for the author.

This is a pretty clever and innovative approach aimed at combining the editorial and author collaboration process with the pre-production process.

The Independent Publishing Magazine covered the launch of Reedsy last year and co-founder Richard Fayet kindly wrote a guest post to explain the concept and functionality behind the Reedsy platform and how it can help both authors and publishing professionals.

The Reedsy marketplace offers authors access to over 200 freelance book publishing professionals and fees and terms are negotiated directly.

I think this is a really an example of a new self-publishing startup thinking far beyond the confines of what many other companies do to provide an array of services to authors. This is a way of combining community, publishing services and online publishing tools.

Reedsy is not planning to expand into a full array of self-publishing services or packages for authors, but instead will launch a curatorial controlled publishing imprint from submitted manuscripts. Reedsy will choose what it believes are the best books for publication under its imprint, made available in POD and e-book formats. Reedsy is currently in discussions with both retailers and distributors to provide full digital and physical store distributions. Though no advance will be paid for accepted submissions, authors will be paid an 80%–90% royalty rate.

So where will Reedsy make its money?

Users will be able to download rejected manuscripts for a fee of under $100 in Mobi formats so they can publish them with other self-publishing platforms. The company may allow users to download the ePub file for free. Reedsy will also take the remaining 10-20% from net sales revenue and a 10% commission on marketplace deals between authors and publishing professionals.

Reedsy also plans to create partnerships with crowdfunding sites like Kickstarter and PubSlush.

It should be well worth watching Reedsy develop during 2015.

 

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