Anyway, it's a new web site called Free-eBooks.net and it is offering a unique revenue sharing model for eBook authors called the Author AdCash Program. Basically, you list your book at their site as a free download and they share their advertising revenue with you.
The site claims to have more than 1 million subscribers who download about 12,000 eBooks every day from one of 50 different categories. Here's a snippet from the press release:
“We’ve partnered with Google’s Adsense to allow our authors to collect 100% of the advertising revenue earned from ads on web pages displaying their ebook,” explained Martin Wales, President of Paradise Publishers. He’s excited about the prospect of being able to offer a way to subsidize the careers of both aspiring and veteran writers. “This means Free-eBooks’ authors can actually collect money whether or not their book is even downloaded. Just for listing their ebook in our library they benefit financially.”
Is this the right model for you? Maybe, maybe not. Surely it is advantageous for some writers, especially those who are just starting out and want to build a following. Is it the right model for every writer? Probably not, especially those writers who are already making a lucrative living from selling their eBooks on Amazon, iTunes or Barnes & Noble.
However, it is an interesting revenue device. It's different, which is what attracts me. I like different. I like it when someone comes along with a disruptive technology or idea and puts it into play. How will this impact existing publishers? Who knows. It is too early to tell. Maybe they won't even recognize it. Maybe it will fail miserably. But it's an idea and it offers a completely different way for writers to make money.
It is much easier to hawk a "free" book than a paid book, after all, so I think from a promotional perspective that's a big selling point. However, as anyone who has ever used Ad Words before will tell you, it simply is not the cash cow Google likes to pretend it is. If you have thousands of visitors every day you'll do ok, but if you don't it is an agonizingly painful way of trying to make a living. It's like collecting loose change under the sofa cushions. You might eventually find enough to pay the rent, but it's going to take you a while.
I think I will try their site. I have a few story ideas bouncing around in my head. It wouldn't take me long to turn one of these into an eBook that I would be willing to give away. And why not? I have nothing to lose, and possibly, a great deal to gain.
If you have tried it or are trying it, I would love to hear how it worked out for you. The more we share with each other the more successful we can all be.