Drug testing

Invasion of the Amazons

The last few months have witnessed a bloodbath in tech stocks coupled with a frantic re-definition of the web and of every player in it (as far as content is concerned).

This effort is three pronged:

Some companies are gambling on content distribution and the possession of the attendant digital infrastructure. MightyWords, for example, stealthily transformed itself from a "free-for-all-everyone-welcome" e-publisher to a distribution channel of choice works (mainly by midlist authors). It now aims to feed its content to content-starved web sites. In the process, it shed thousands of unfortunate authors who did not meet its (never stated) sales criteria.

Others bet the farm on content creation and packaging. Bn.com invaded the digital publishing and POD (Print on Demand) businesses in a series of lightning purchases. It is now the largest e-book store by a wide margin.

But Amazon seemed to have got it right once more. The web's own virtual mall and the former darling of Wall Street has diversified into micropayments.

The Internet started as a free medium for free spirits. E-commerce was once considered a dirty word. Web surfers became used to free content. Hence the (very low) glass ceiling on the price of content made available through the web - and the need to charge customers less than 1 US dollars to a few dollars per transaction ("micro-payments"). Various service providers (such as Pay-Pal) emerged, none became sufficiently dominant and all-pervasive to constitute a standard. Web merchants' ability to accept micropayments is crucial. E-commerce (let alone m-commerce) will never take off without it.

Enter Amazon. Its "Honour System" is licensed to third party web sites (such as Bartleby.com and SatireWire). It allows people to donate money or effect micro-payments, apparently through its patented one-click system. As far as the web sites are concerned, there are two major drawbacks: all donations and payments are refundable within 30 days and Amazon charges them 15 cents per transaction plus 15(!) percent. By far the worst deal in town.

So, why the fuss?

Because of Amazon's customer list. This development emphasizes the growing realization that one's list of customers - properly data mined - is the greatest asset, greater even than original content and more important than distribution channels and digital right management or asset management applications. Merchants are willing to pay for access to this ever expanding virtual neighbourhood (even if they are not made privy to the customer information collected by Amazon).

The Honour System looks suspiciously similar to the payment system designed by Amazon for Stephen King's serialized e-novel, "The Plant". Interesting to note how the needs of authors and publishers are now in the driver's seat, helping to spur along innovations in business methods.

About The Author

Sam Vaknin is the author of "Malignant Self Love - Narcissism Revisited" and "After the Rain - How the West Lost the East". He is a columnist in "Central Europe Review", United Press International (UPI) and ebookweb.org and the editor of mental health and Central East Europe categories in The Open Directory, Suite101 and searcheurope.com. Until recently, he served as the Economic Advisor to the Government of Macedonia.

His web site: http://samvak.tripod.com

limousine chicago service
In The News:

Writing an eBook is Risk-taking Behaviour ? Choose to do it!

The choice to author a book isn't one that just... Read More

Ebooks are Promotional Powerhouses

Ebooks are fairly easy to produce, and their production cost... Read More

Cash in on Your Expertise

Even though I've never met you, I know one thing... Read More

Top Ten Tips To Get Started Writing Your Book - Part 2

You are far more likely to successfully write and publish... Read More

The REAL Info Products Secret and How to Get Out of the Cycle

Most "info-products" revolve around Internet marketing, and get rich quick... Read More

Make Profits from FREE e-Books

E-books are one of the most beneficial and easiest ways... Read More

Top Ten eBook Mistakes and How to Correct Them (Part 1)

Did you know that you already have an eBook inside... Read More

Surefire Way To Find Hot Selling eBook Topics

To become an entrepreneur, you need product ideas.Even more important,YOU... Read More

(Emerging) Books

A novel re-definition through experimentation of the classical format of... Read More

How Using A Drop Capital Increased My Ebook Sales By 40%

You will often find me with my head in a... Read More

Profiting From Writting Your Own Ebook

As you might have heard, the Internet is all about... Read More

5 Tips To Help you start self publishing for profit

Here's a really simple way... to start your own business... Read More

Make Your Own E-book!

If you have a newsletter or knowledge you wish to... Read More

Why The Future Will Always Be Digital Products

Everywhere you go on the Internet, you will find some... Read More

What Comes First - The Cover or The eBook?

One of biggest trend these days is related to ebooks.... Read More

Book Publishing for Entrepreneurs

There was a time when it was relatively easy to... Read More

Convert Productive Articles to Profitable eBooks

How many articles, reports and discussion papers have you written... Read More

How to Write Your First Ebook

Writing your first ebook may seem like a daunting task.... Read More

Your Guaranteed Path to Becoming an Information Product Money Machine

How To Turn Your Talks or Articles into Books, eBooks,... Read More

How One eBook Author Writes eBooks

How does this eBook writing process actually work for an... Read More

The Kolbrin ? Ancient Warnings of Modern Threats

The Kolbrin is a substantial Biblical-era wisdom text of immense... Read More

Top Ten eBook Mistakes and How to Correct Them (Part 2)

Did you know that you already have an eBook inside... Read More

Goals and Objectives in Authoring an eBook

Goals begin behaviour, consequences maintain behaviour!IntroductionIt is ESSENTIAL to set... Read More

EBOOKS Are Books Too!

Electronic books ? that is books you read on the... Read More

Ask and Ye Shall Create

How do you decide to create a new speech? A... Read More

security street lighting high power led street lighting Pete's produce ..