Amazon offers Kindle kickbacks to indie bookstores
By Nicole Kobie
Posted on 6 Nov 2013 at 15:15
Amazon plans to give independent booksellers a percentage of the takings from ebooks bought on Kindles they sell, the online giant has revealed.
The new Amazon Source programme aims to encourage independent bookstores and small retailers to sell Kindle readers by offering commission, representing 10% of the price of ebooks purchased from the devices they sell during the first two years.
"We believe that retailers, online or offline, small or large, should be striving to offer customers what they want — and many customers want to read both digital and print books," said Russ Grandinetti, vice-president of Amazon Kindle. "For many years, bookstores have successfully sold print books on Amazon — now Amazon Source extends this opportunity to digital."
"With Amazon Source, customers don’t have to choose between ebooks and their favourite neighbourhood bookstore — they can have both."
Find out moreBest ebook readers
The programme will kick off in selected US states. When asked if it would eventually extend to the UK, an Amazon spokesperson said: "We hope to expand the programme over time."
The move follows UK bookseller Waterstones cutting a deal with Amazon last year to sell Kindles and ebooks in-store.
As an alternative to the 10% kickback from book sales, retailers opting into the Amazon Source programme can choose instead to receive a larger discount up front when buying the devices for resale.
Under the 10% arrangement, Amazon will give retailers a 6% discount off the manufacturer's suggested retail price on Kindles, and 35% off accessories. Retailers who choose to forgo their ongoing slice of sales revenue will get 9% off Kindles, and 35% off accessories.
To make the programme risk-free, Amazon will buy back any unsold Kindle devices after six months if the store has trouble shifting them.
Is your business a social business? For helpful info and tips visit our hub.
I can see booksellers being hesitant though because it's only for two years and they could fear people not buying anymore books from them down the road.
What would be better is if Amazon do their 'autorip' except instead of them despatching the books the customer buys it from the bookstore and they also get a digital copy so they get both versions that day.
By tech3475 on 6 Nov 2013
- Quickest way to upload 1GB? Hop on a train
- Move over Delia: IBM Watson is cooking tonight
- Eric Schmidt on the double-edged smartphone: friend and foe
- Getty joins the race to the bottom
- Hour of Code: five steps to learn how to code
- Sony Xperia Z2 Tablet review: first look
- Sony Xperia Z2 review: first look
- Samsung Galaxy Gear 2 review: first look
- Nokia XL review: first look
- Samsung Galaxy S5 review: first look
- Headings vs headers: how to use both in Word
- Windows Server 2012 R2: how the Datacenter edition could change SMBs
- Invoices and VAT: how to set up your documents correctly
- Nexus 5 vs Samsung Galaxy S4 Active: the best phone for avoiding screen burn
- How much is a social user worth?
- The key to choosing a secure password
- Thunderbolt Bridge: a fast Mac migration tool
- Should you advertise on Twitter?
- How to track a lost smartphone
- Self-publishing success: the best way to sell your book