Amazon charged third-party vendors $103 billion in fees in 2021, which represents 22% of the company’s revenues. Guess what! Every self-published author and every traditional publisher (even the Big Five) are third-party vendors. This hurts everyone in the publishing business, more self-published authors and small presses than the Big Five publishing conglomerates that just shrug it off as the cost of doing business.
Of course, Amazon has been sticking it to the publishing industry for a long ti...
Published on April 29, 2022 02:52