Introducing: The Prose Bookstore Pt2

It’s finally here, Prosers,

Before we begin telling you all about our launch, we cannot ignore the events that have just unfolded. This presidential election has had passions running high; with lots of debate, healthy discussion, and unfortunately, some not so healthy discussion. Whether you agree or disagree with the outcome, we hope that everyone can continue to agree on one thing, Prose is the shit. Balls to politics right now because we are about to remove the politics and red tape from the publishing industry.

Yep, that’s right, the full bookstore is now live. Partners, you can begin to sell your books, and readers, you’re in for a treat with a plethora of word porn for you to drool over.

We have been working so hard for the past year, from concept to release, to bring you all something unique and refreshing, something that gives readers and writers alike the freedom and flexibility that a lot of you have told us conventional social media and publishing platforms do not.

Prose Coins:

With this update comes Prose coins. Prose coins are our exclusive currency enabling you to buy books. Each coin is equal to one cent. (1c)

To purchase coins, all you need to do is visit theprose.com/bookstore/coins and choose the coin package you wish to purchase. Follow the onscreen prompts to complete the purchase and those coins will deposit into your wallet. The more coins you buy, the better the reward. Most of our coin packages will offer you free coins for your purchase; because we’re nice like that. Let’s take a look at the coin packages we have to offer:

$5 = 500 coins

$10 = 1,020 coins

$20 = 2,080 coins

$35 = 3,710 coins

$50 = 5,400 coins

$100 = 11,000 coins

From that point onward, you can spend the coins on the website on any juicy title that takes your fancy.

Running out of room on your physical bookshelf? Your Prose one will hold infinite books.

**Within the upcoming weeks you will be able to buy coins on the web and then spend them on the iOS app. Currently, you will have to buy and spend the coins on the website, but once you have, you’ll be able to read the books on your iPhone. For Android users, we will be updating the app in the future, once we have all of the features built for iOS and the Website, however, you can always access Prose through mobile browsers in the interim.

Royalties:

In previous updates we spoke about our royalty structure. We’ve had to tweak this slightly to make sure that Prose can continue to bring you a platform that is always evolving, with you, our Prosers, in mind.

Up until today, we have relied solely on generous people with deep pockets to help us build up our business. Today marks our evolution as a company, the day where we pave our path to go it alone. We’ve crunched our numbers, worked on our humble budgets and costings, and have come up with a royalty structure that will forever be in your favour as writers, and they are as follows:

Full Books:

If you’re selling your book as a whole you’ll be pleased to know that we are still offering competitive royalties. Let’s first take a look at what our competitors are offering on eBook sales.

Amazon:

For books priced below $2.98 and above $10.00 the author gets just 35% royalties

For books priced between $2.99 and $9.99 the author gets 70%

Kobo:

Their royalty structure once again depends on pricing points sliding between 70% and just 45% for authors.

iBooks:

Seems like the best deal to us nerds here at Prose, whereby Apple offer 70% royalties across the board.

So, how are we better?

Prosers who publish their book will receive 75% royalties on all book sales regardless of what you choose to price them at, leaving Prose with 25%. Flexibility to choose is something we want to give you in spades and we will not penalise you for pricing your books too high or low. It really is up to you.

Per Chapter / Short Stories:

Not only can you sell your books as a whole, but you can now sell short stories, or sell your books per chapter.

There is one other company doing this and we have made sure our royalty structure for this part is far more competitive, and again, in the favour of the Proser.

Radish Fiction:

Radish sell their coins (currency) through their apps iOS and Android, thus incurring a 30% charge from the respective App Stores. Therefore their royalties work like so:

Apple / Android 30%

Radish 35%

Author 35%

We have avoided sharing your money with any app store, simply speaking. Coins are only purchasable on the Prose website, but your coins can be spent in-app. This allows us to give you a way more competitive royalty.

Author: 60%

Prose: 40%

Once again, we believe that you, the author, should always receive more money for your words than we do.

We’d also like to make this clear: after crunching numbers, these are the royalties we believe we need to take to cover our costs, not to become mega billionaires. If after the first quarter or two our figures turn out to be over cautious, you will benefit by a raise in your royalties and we will reduce ours. That’s a Prose Promise right there, even though it sounds cheesy.

Making Money

So, how do you make money from your words? Well, in short, once you’ve checked you meet our Partner criteria, you need to apply to be a Partner. It’s that simple. Whilst logged in, visit theprose.com/p/partners, read our Partner requirements and follow the steps to apply. We personally read and respond to all Partner requests so give us up to fourteen working days before chasing us up if you haven’t heard anything. Once you are accepted, you’re all set up.

Our terms and conditions have changed to reflect this change to our service, so be sure to give them a read if you’re a Partner and are about to sell your stories or chapters.

We have lots of promotions and giveaways coming up, along with a whole host of new ways in which we can help you reach a wide and vast audience.

All FAQ’s / Instructions / Partner requirements will be winging their way into the Community Portal within a hot minute so if you don’t subscribe to that Portal, we suggest you hit that subscribe button now.

So what’s next for Prose?

Well, this is the first brand-new chapter of a whole new book; many more will follow, where we’ll add finesse to the bookstore, and give you another new way in which to make money from your meanderings. We will keep bringing innovative technology to your screens with you, our Prosers in the forefront of every decision we make.

Until next time, Prosers,

Prose.

PS: We have a Thunderclap campaign that needs your support. All you need to do is visit the link https://www.thunderclap.it/projects/49541-set-the-book-industry-alight?locale=en and click the support button.It costs nothing but a few seconds of your time. This will enable us to reach a huge amount of people, which in turn means more readers for your books.