Are You a Wholesale Buyer and Retailer?

Here's a new little something to think about. 

Retailers buy at wholesale and sell at a profit. 

As an author, are you a wholesale buyer and retailer? If you are a self-published author purchasing author copies of your book that you then sign and sell at book signings and events you are. Do you have a sales tax number, resale certificate, wholesale tax-exempt certificate, or whatever the form may be called in your state? Every state calls them something different, if that state has a sales/use/vendor tax to be collected. If you do have one, have you provided it anew to Amazon so they don't charge you taxes on your author copies? If not, then you've been costing yourself money.

Let's look at KDP/Amazon. It can be an easy platform for publishing and getting copies for resale, but it is also a complicated structure when it comes to finding out where you fit in as a self-publishing author/vendor. If you look closely at your orders of author copies, since the change over from CreateSpace to KDP, you may find you have been charged taxes on those copies. You shouldn't be if you are going to be reselling them AND if you have the appropriate tax exemption certificate from your state. You probably filled out a form, maybe submitted a bond, when you first set up in your state to resell your books. Did you provide that information to CreateSpace earlier. The information may not have transitioned over when it changed to KDP.  

This question came up in the KDP discussion forums not long ago. You can read about it here if you're a KDP author. If you have not gotten a tax-exempt certificate for your state, do so. Once you have one, you need to check out the Amazon Tax Exemption Program (ATEP). There is wizard to walk you through the process. It is linked in the line of text, 

"To access the wizard click here." on their page.

We don't want to be taxing people twice. If you're paying the sales/use tax on your author copies at the time of purchase from the Amazon Marketplace, then should you be charging those taxes again when you resell them? That would be a good question for your State Department of Revenue to answer for you since every state has different rules. You should have already added their "contact us" email to your contacts list for easy access. I've had to ask questions from time to time and it's easier to find it in my contact list than it is to find it buried among multiple webpage links. It is worth your time to investigate this further.

You can read up on the discussion online. Here's one article I found that got me thinking. https://smallbusiness.chron.com/everything-need-getting-wholesale-license-12921.html

Critique Night - Redux

At the January meeting of the Maryville Chapter, many writers brought portions of their works in progress to share. In fact, due to time constraints, we were unable to critique all of the submissions. Therefore, we will be holding a second critique session at March, and we hope that those authors whose work wasn't reviewed at the January meeting will submit it again at that time. And any new writer's wishing to participate will bring submissions as well. We will get to as many people at time allows.

There were many new writers in attendance and we're so pleased to have been able to welcome them and to learn something about them and about their work. We certainly hope they will decide to return and to become regular members. 

It has been a while since we posted information about the Maryville Chapter's purpose and about annual membership dues.

The group's purpose, put simply, is to inspire writers in all genres; to provide information, through speakers, about writing as both an art and a skill; to provide information about the business aspects related to writing and publishing; to share and provide positive feedback to help group members hone their skill; and to encourage those who have stories to tell, memories or poetry to share, and knowledge to impart to get it down on paper and to make it available through publication. 

The Maryville Chapter members are actively writing and publishing and have a wealth of information and insight that may be helpful to published and unpublished writers alike. 

We hope that local writers, whether previously published or not, will consider joining the group, in person or online, and contribute their knowledge, their skill, their insights, and their suggestions or  questions. 

The Maryville Chapter of the Missouri Writer's Guild meets every two months, on the fourth Tuesday of the month. Membership dues are $5.00 per year and are payable in January. 

KDP to Offer Paperback Publishing for Authors

(The opinions stated herein are my own, personally, and don't necessarily reflect those of every author within our writing group. Just thought some of our authors might be interested in knowing this little piece of information. Happy reading.)

Kindle Direct Publishing (KDP), the e-book arm of Amazon's publishing services, has begun offering KDP authors the opportunity to print paperback copies of their e-books from within the KDP website. The program is in beta testing right now. However, under this beta system, authors will not yet able to purchase author wholesale copies, print proof copies, nor can they opt-in for expanded distribution to libraries, universities, and direct-to-retailer sales. The one significant change, beyond not having to copy files back into Createspace in order to publish in print, is that the Japanese market, unavailable to Createspace  authors in the distribution settings, will be accessible through KDP print.

KDP indicates on their information page about this new opportunity that it will eventually be adding the features presently available in Createspace  to the KDP menu of choices. The intention behind this change seems to be to streamline the overall print and e-book publishing process for authors.

Presently, Createspace  authors publish their print copies at Createspace , order their author copies, and have access to expanded distribution channels. Libraries, universities, and retailers have the option of purchasing directly from Createspace . Once the Createspace book is approved and published, authors can opt-in to have their book file transferred to KDP in order to publish it in e-book form. They then then have to go to the KDP site and finalize the transfer by reviewing the electronic proof, setting their publishing choices, and approving it for final release. It's one extra step in the publishing process, but so far it seems to work relatively flawlessly.

The new opportunity to publish print copies and e-books in one location would eliminate that one extra step in the total publishing process, potentially saving authors times, and reducing redundant selections in the distribution end of things.

According to the KDP site, authors can transfer their present Createspace  titles over to KDP now without negatively affecting their Createspace titles already available to the buying market. Authors then would have the option of making those KDP print copies available in the Japanese market. A huge benefit, to be sure.

Authors should explore this new option carefully before transferring. There is information available at the KDP site and it should be read and considered. KDP authors who still want to purchase wholesale copies of their titles for resale locally or consignment to local stores, or who want to ensure their print copies are accessible directly to libraries, universities, and retailers will still need to go the Createspace  route, too. However, for KDP e-book authors who haven't, in the past, been able to offer the option of print copies without going through Createspace , this is a terrific opportunity to tap into the die-hard print readers without having to transfer anything.

Definitely a new opportunity skipping down the publishing path and worthy of consideration. Streamlining functions is, for the most part, a good idea. Less time on the technical end means more time writing.