IT ALL STARTED ...
when our founder's brother started telling his daughter a story on the 20-minute drive to school every morning. The story was about a little girl who lived on a volcano. Soon he started to write the story down. Three years and three hundred pages later, he decided to self-publish Veronica and the Volcano on Createspace, Audible, and Ingramspark. That was when he learned what many authors before him learned long ago: Writing is a hole to throw money into.
Geoff personally spent more than $5000 on giveaways to reach a few hundred readers, of which one-quarter rated the book and far less than one-half read it. He also learned that it is impossible to giveaway enough books to generate sustained demand for your story on Amazon. Each Goodreads giveaway is meant to last only 1-2 weeks, and you must choose to giveaway between 1 and 100 copies.
If you give away Kindle books, you pay less per copy BUT you get far less readers too and far fewer comments, and of course Amazon chooses to give you zero insight into how many giveaway copies have actually been read (because they know most people never read your Kindle giveaway copy).
Making things even more difficult, the fastest growing segment in the book industry today is audio books. The cost of audiobook creation is more than $1500. Amazon controls audiobook production via its ACX service. Authors are told by Amazon to find a professional narrator, and to be sure, Amazon makes it all-but impossible to self-record your own audiobook by forcing a high-level of technical knowledge. They also give the author zero input on pricing, so you’re audiobook is now priced at $14.99, the same price as James Franco reading Slaughterhouse-Five. The end result is most authors view audiobook as a bad economic investment, despite it being the fastest growing segment in the book industry.
The self-published author is hungry for readership and willing to pay a fair price for promotion, but they are getting gouged today by Amazon. Amazon provides world-class distribution and pairs it with woefully inadequate AND overpriced promotion.
Readercoin pays you to promote your book. You earn 6 Readercoin for every hour anyone spends reading or listening to your book. You can redeem your Readercoin for fantastic rewards. Gone are the days of spending thousands of dollars on giveaways and having a handful of Amazon reviews to show for it. Now you know exactly how many readers you reached AND how much time they spent reading your story.
Readercoin makes audiobook production EASY and FREE. There is magic in an author speaking his or her own work that overpriced narrators can't capture. No one knows the story better than you! What’s more, readers WANT to hear from the author. When they listen to an author read a story, they don’t get up and leave if the author coughs or stumbles over a word. The production values on today’s audiobooks are unnecessarily high. A very good, easy-to-listen-to audiobook can be created using nothing more than the supercomputer in your pocket … your phone.
Readercoin helps you improve your craft. Wouldn't you like to know what percentage of people who start chapter 7 finish it? We help you know your reader like never before. We track every minute spent reading your story and report it all to you in real time. Chapter-specific ratings, comments, and advanced analytics help you identify your strengths and weaknesses.
And we made it easy. We made it easy because good stories are hard enough. Want to record a chapter? Just speak into your phone. Want to add text? Just copy and paste. Want to add an illustration? Just drag and drop. Want to deactivate a story? Flip a switch. Today, you are your own publisher, but you're not on your own. We created a dead simple web tool to transform your story into an audiobook and ebook in a matter of minutes per chapter. It even builds you an .epub for free that you can use elsewhere.