Wattpad has managed to position itself as an interesting creative platform in which both writers and readers meet to find out in situ the progress of their new books, receive them directly or give the feedback that many authors seek to define specific ideas. A great platform that will not lack alternatives as we know today with a new one that adds to many others.
This is a russian website which plans to copy the Wattpadd model, albeit with a very interesting direct financial component. Lit-Era.com is such a website and it comes with the intention of solving the piracy problem in Russia by giving writers a new option to receive payments. Something similar to what happens with other platforms, such as streaming services, in which payments are received from users.
Writers can use the site to post a work for free in its entirety or in parts, as well as have the option of releasing the first part for free, in order to begin compel payment to continue accessing the rest.
The payment option is only available to authors who have a certain number of followers in the place. It is the Lit-Era itself that calls it as a subscription, but it is the readers that are only loaded once.
Once the book creation process is complete, a writer can select from continue selling the book on the same site or distribute it wherever you want. So far, to date, no more than four books have been published this summer and each of them has received over 1.000 subscriptions. Lit-Era has conceived these figures as confirmation that the business model is working, so it plans to launch into other markets this fall, especially English, German, Spanish and Polish.
Interesting news. Lately I thought that such a platform was necessary. 🙂