Barnes & Noble has launched its self-publishing portal called ‘PubIt!’. This platform is essentially designed to give independent writers a marketplace to sell their ‘art’.

“We’re delighted at the enthusiastic response we’ve received from thousands of independent writers and publishers who are eager to introduce their exciting works to a broader audience of readers”

“We’re delighted at the enthusiastic response we’ve received from thousands of independent writers and publishers who are eager to introduce their exciting works to a broader audience of readers,” said Theresa Horner, director, digital products, Barnes & Noble. “The launch of our PubIt! platform further reinforces our long-standing commitment to authors and writers, and offers a significant opportunity to provide an even greater selection of reading material to our millions of customers.”

PubIt! will convert files to ePUB for use on a wide range of e-readers. Yes, this means that the books will not only be on the Nook, but others too. Published titles will be available for sale within 24 to 72 hours after upload on the B&N eBookstore, and the company’s pretty proud of its “no hidden fees” policy. Unfortunately, the compensation model – which is being detailed today for the first time – has its flukes.

For PubIt! eBooks priced at or between $2.99 and $9.99, publishers will receive 65 percent of the list price for sold content; for those priced at $2.98 or less, or $10.00 or more, publishers will only receive 40 percent of the list price. In other words, there’s a no man’s land in that $10 to $15 range, so you’ll probably be settling for a $9.99 price point or reaching for the skies at $19.99.

SOURCE via Barnes and Noble