I went through Okadabooks site yesterday and read everything readable about the services. I must confess I was really impressed. I started having ideas concerning my forthcoming book, Young, Wild, Free. I was even tempted to abandon the idea of traditionally publishing my book and instead jump onto the Okadabooks train. I really believe in the project and can’t wait to join their team of published authors. So I decided to share what I discovered about them with you.
As much as I want to publish my book Young, Wild, Free to solve a grave societal problem (it provides answers to pertinent questions affecting young people – questions which the society tag as too “absurd” or odd to discuss in social circles e.g homosexuality, masturbation, porn, sex et al. The book proffers unorthodox and practical insights and solutions thereto) I will be a hypocrite to deny that I haven’t considered the cost of publishing or the prospects of returns on investment the book may have.
How it works:
An author registers, uploads an epub version of his book and set the price of his book. A user of the Okadabooks app choses a book, sends an SMS, and the book gets downloaded onto his phone. Simple.
The marketing structure/platform of Okadabooks for an author is what really fascinates me. At Okadabooks, authors have been advised to set the price of their books at N100. According to Okadabooks, the author can make a ‘royalty’ of N20 for each copy of a book sold at N100. And oh! 70% of the proceeds go to the network providers (Okadabooks say they are working on this) and I believe the remaining 10% goes to Okadabooks as commission. This may sound discouraging to a potential author, but there is a bright side. Continue reading