Avid book readers will appreciate the dilemma. You want to buy a new book but do you want a physical copy or an e-book that you can more easily take with you while you’re out and about? Each method has its own advantages and disadvantages, making it a tough call.
There’s a newly launched service that aims to solve this problem, though. It’s called BitLit, and it hopes to revolutionize things when it comes to your ability to read whenever, however. Currently, over 120 publishers have signed up to the service with nearly 20,000 books available through it. A pilot deal has just been signed with HarperCollins, while other publishers such as O’Reilly and Angry Robot are also on board.
The way it works is that you simply take a photo of your book cover, write your name on the book’s copyright page, take a snapshot of that, then send it through for your ownership to be validated. Then an eBook comes through in return; one that can be used on all of your devices – such as an iPad, Kindle, Kobo, or Nook.
We took the time to ask the firm a few questions to learn more about the service.
148Apps: How does the funding model for BitLit work? How do publishers gain from this approach?
BitLit: When a publisher offers the eBook for free, then it’s free (as in beer) for everybody, we take no commission and the user gets a free eBook (who doesn’t like free stuff). About 30% of the eBooks in BitLit are free. If the eBook isn’t free, then BitLit takes a small commission from the sale — that’s how we keep the lights on and servers running.
The upside for publishers and authors is twofold: Firstly, print books that include a free/discounted eBook sell almost twice as well in bookstores than books that don’t include a bundled eBook. Secondly, for books that people already own, there is the opportunity for an incremental upsale — less than 1% of readers purchase titles at full price in both print and digital formats, 48% of readers say they’re willing to pay slightly more to get both formats. Currently you can only buy print or digital; BitLit lets the author capture value on the reader who wants both.
148apps: Are there any plans for it to be possible to validate your purchase without writing in the book?
BitLit: We ask our users to validate the book by writing in it is so that the book can’t be returned to a bookstore. But we know that readers sometimes don’t want to have their messy writing in their book. For these folks, there’s the option of using an Ex Libris book stamp to mark that the book is theirs.
148apps: How long does the process take before you can download a copy?
BitLit: If you have neat handwriting the process takes about 30 seconds. If the automated algorithms can’t recognize your hand writing, then it might take up to 15 minutes for a human reviewer to validate your print edition. We deliver eBooks via email download link, so even if you use BitLit on your smartphone to validate the book, you can be reading on your iPad in less than a minute.
148apps: What plans are there for expansion to cover more titles?
BitLit: We have a dedicated content acquisition team whose job is to get in touch with publishers. We already have some great publishers like HarperCollins, O’Reilly, and Angry Robot on board… and we’re in talks with a lot of other great publishers that we hope will be joining soon. Stay tuned.
Thanks to the folks at BitLit for answering our questions. The app is available now and is a free download. To check what books are eligible, you can consult the BitLit website.