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Forgive me if I'm posting news that folks already know, but I don't see anything about this elsewhere at this forum. Here's the relevant news article from August 10 at Publishers Weekly, and here is the new service, CreateSpace.
Differences that I notice between CreateSpace and Lulu:
The pricing structure is hard to compare, but someone at the Lulu forums who ran the numbers concluded: "CreateSpace's pricing is almost always better than Lulu's for books sold on Amazon (sometimes by a lot), slightly better for color or very short B&W books sold on storefronts [i.e. through Lulu's or CreateSpace's Websites], and worse on longer B&W books sold on storefronts."
Lulu books have the option of being sold through various online bookstores (and also brick-and-mortar bookstores, though that's unlikely, because of the pricing structure); for that option, you have to pay a fee. CreateSpace books can only be sold through the U.S. Amazon bookstore; you pay no fee for this.
Lulu does a lot of optional hand-holding through such processes as creating a PDF file and creating a cover. I can't tell whether CreateSpace does, but it certainly doesn't have the quite valuable support forums that Lulu does.
For more comparisons, see the second link above. Also, a Lulu member has already put together a comparison calculator between the two services.
Running some numbers for comparison's sake, here's the breakdown in prices, using as an example a 300-page book that's priced at $15.99.
Lulu Storefront (sold only at Lulu site): $4.53 (cover and binding) + 2 cents per page + 20% of profit to Lulu.
Author's profit: $4.91
Lulu Distribution (sold anywhere - realistically, only at online bookstores): $1.50 (cover, binding, and set-up) + 2 cents per page + 20% of profit + 50% of total to distributors.
Author's profit: 30 cents.
Added expenses: $100-150 for ISBN. Optional $80 fee for corrections.
CreateSpace (sold only at CreateSpace site): $3.15 (cover and binding) + 2 cents per page + 20% of list price (not profit) to CreateSpace.
Author's profit: $3.64.
Added expenses: Optional $270 fee for ISBN (a block of ten - you can use the ISBNs for nine other books too) if you want to sell the book through other self-publishing services too.
CreateSpace (sold at CreateSpace site and U.S. Amazon site): $3.15 (cover and binding) + 2 cents per page + 30% of list price to Create.
Author's profit: $2.04.
Added expenses: Optional $270 fee for ISBN (a block of ten - you can use the ISBNs for nine other books too) if you want to sell the book through other self-publishing services too.
Lightning Source (sold anywhere - realistically, only at online bookstores): 90 cents (cover and binding) + 1.3 cents per page + 25% of total to distributors (you set your own percentage, but that figure is on the low end, for maximum profit).
Author's profit: $7.19.
Added expenses: $270 for ISBN (a block of ten - you can use the ISBNs for nine other books too). $95 set-up fee (for 300-page book). Annual fee: $12. Optional $80 fee for corrections.
Summing up the profits:
Lulu storefront: $4.91.
CreateSpace storefront: $3.64.
Lulu + online bookstores: $0.30
CreateSpace + U.S. Amazon: $2.04.
Lightning Source (online bookstores): $7.19.
(Anyone have anything to add to my figuring? Math isn't my strong point.)
Lightning Source remains miles ahead of its competitors in terms of profit. However, working directly with Lightning Source continues to be a hassle, because they're set up to work with businesses, not individuals.
There's probably hidden ickiness in all this - there always is - but off-hand, it looks to me as though CreateSpace is a strong rival to Lulu. The good news is that neither company requires exclusive rights, so (provided that you buy your own ISBN, which costs a fair amount of money) you could upload your book to both companies if you wished.
Differences that I notice between CreateSpace and Lulu:
The pricing structure is hard to compare, but someone at the Lulu forums who ran the numbers concluded: "CreateSpace's pricing is almost always better than Lulu's for books sold on Amazon (sometimes by a lot), slightly better for color or very short B&W books sold on storefronts [i.e. through Lulu's or CreateSpace's Websites], and worse on longer B&W books sold on storefronts."
Lulu books have the option of being sold through various online bookstores (and also brick-and-mortar bookstores, though that's unlikely, because of the pricing structure); for that option, you have to pay a fee. CreateSpace books can only be sold through the U.S. Amazon bookstore; you pay no fee for this.
Lulu does a lot of optional hand-holding through such processes as creating a PDF file and creating a cover. I can't tell whether CreateSpace does, but it certainly doesn't have the quite valuable support forums that Lulu does.
For more comparisons, see the second link above. Also, a Lulu member has already put together a comparison calculator between the two services.
Running some numbers for comparison's sake, here's the breakdown in prices, using as an example a 300-page book that's priced at $15.99.
Lulu Storefront (sold only at Lulu site): $4.53 (cover and binding) + 2 cents per page + 20% of profit to Lulu.
Author's profit: $4.91
Lulu Distribution (sold anywhere - realistically, only at online bookstores): $1.50 (cover, binding, and set-up) + 2 cents per page + 20% of profit + 50% of total to distributors.
Author's profit: 30 cents.
Added expenses: $100-150 for ISBN. Optional $80 fee for corrections.
CreateSpace (sold only at CreateSpace site): $3.15 (cover and binding) + 2 cents per page + 20% of list price (not profit) to CreateSpace.
Author's profit: $3.64.
Added expenses: Optional $270 fee for ISBN (a block of ten - you can use the ISBNs for nine other books too) if you want to sell the book through other self-publishing services too.
CreateSpace (sold at CreateSpace site and U.S. Amazon site): $3.15 (cover and binding) + 2 cents per page + 30% of list price to Create.
Author's profit: $2.04.
Added expenses: Optional $270 fee for ISBN (a block of ten - you can use the ISBNs for nine other books too) if you want to sell the book through other self-publishing services too.
Lightning Source (sold anywhere - realistically, only at online bookstores): 90 cents (cover and binding) + 1.3 cents per page + 25% of total to distributors (you set your own percentage, but that figure is on the low end, for maximum profit).
Author's profit: $7.19.
Added expenses: $270 for ISBN (a block of ten - you can use the ISBNs for nine other books too). $95 set-up fee (for 300-page book). Annual fee: $12. Optional $80 fee for corrections.
Summing up the profits:
Lulu storefront: $4.91.
CreateSpace storefront: $3.64.
Lulu + online bookstores: $0.30
CreateSpace + U.S. Amazon: $2.04.
Lightning Source (online bookstores): $7.19.
(Anyone have anything to add to my figuring? Math isn't my strong point.)
Lightning Source remains miles ahead of its competitors in terms of profit. However, working directly with Lightning Source continues to be a hassle, because they're set up to work with businesses, not individuals.
There's probably hidden ickiness in all this - there always is - but off-hand, it looks to me as though CreateSpace is a strong rival to Lulu. The good news is that neither company requires exclusive rights, so (provided that you buy your own ISBN, which costs a fair amount of money) you could upload your book to both companies if you wished.