Reedsy

Reedsy is a British online author services firm based in London which serves as a bridge uniting authors and publishing freelancers in the self publishing industry.[1][2][3][4] The firm has no physical office location but operates remotely via cloud computing.[5][6] In 2019 the firm has a staff of 25, and has 150,000 authors in its community and 1,500 editors and designers and marketers and ghostwriters.[7] The firm takes a 20% cut of each contract between authors and freelancers (10% from the author, 10% from the editor).[8]

Reedsy offers tools and services to assist both authors and freelancers which include training courses to help authors navigate the self-publishing process,[9][10][11] as well as online software tools to help authors convert their manuscript files to files suitable for publishing e-books, such as EPUB and PDF formats.[12][11] It offers authors a free book editing tool[13][14][11] as well as a web page to help them promote their books on the site.[15][11] The platform offers 30 free online courses to help authors with book development.[11]

The firm vets the credentials of story editors, cover designers, ghost writers,[16] marketers and other freelancers, by verifying their previous work experience for mainstream publishers as well as examining their overall track record in the publishing industry.[12] The firm gets applications from hundreds of freelancers but only accepts a few, and allows "only the publishing world's elite" to list with their service, according to a report in Fast Company magazine.[17] According to one report, 95% of Reedsy's freelancers have worked in the past for one of the Big Five publishers.[18] In addition, the firm verifies the credentials of writing contests to help writers avoid wasting time with fake contests and prizes.[19]

Typically an author can request free quotes from freelancers, and if an agreement is made, subsequent development such as editing and formating can be handled entirely through Reedsy's website, with authors and freelancers collaborating online.[20] According to statistics compiled by the firm, the average cost for copyediting a 60,000 word manuscript was $1020, proofreading was $540, and cover design was $700.[21]

Reedsy began in 2014 after being funded by Seedcamp,[22] founded by Emmanuel Nataf, Richard Fayet, Matthew Cobb and Vincent Durand,[22] with an initial funding of $1.25 million.[7] A competitor to Reedsy is the New York-based firm Bibliocrunch.[23] Self publishing was expanding at a rapid pace, and yet it was difficult for authors to find qualified assistants to help them get their books in good shape, as well as learn what to do; so the firm became an online platform to not only connect authors with freelancers but to help authors learn about self publishing, and to help them promote their self-published books.[11] The firm expanded; in 2016, the Reedsy community included approximately 20,000 authors and 500 freelancers;[24] in 2019, there were approximately 150,000 authors in the community and 1,500 freelancers.[7]

While the firm is headquartered in London,[22] it is a "completely officeless business" such that its staff is physically distributed in different locations, and conducts business via cloud computing.[5]

References
  1. "Reedsy Releases Report on Freelancers in Book Publishing". PublishersWeekly.com. Retrieved 2017-11-14.
  2. Dillet, Romain. "Reedsy now lets you print your book on Blurb in no time". TechCrunch. Retrieved 2017-11-14.
  3. Baddeley, Anna (2015-05-18). "Reedsy could offer self-published authors a professional edge". The Guardian. ISSN 0261-3077. Retrieved 2017-11-14.
  4. Shaw, Dougal (2016-02-09). "Is self-publishing coming of age in the digital world?". BBC News. Retrieved 2019-07-02. New companies like Reedsy offer services like proofreading, cover illustration and marketing to support people taking the self-publishing route...
  5. Bennett, Madeline (2017-11-09). "How collaborative tools and cloud computing help firms' success". The Telegraph. ISSN 0307-1235. Retrieved 2017-11-14.
  6. Everett, Cath (2017-08-23). "Could an organisation work on a completely remote basis?". Personnel Today. Retrieved 2019-07-02.
  7. Pofeldt, Elaine (2019-03-04). "New Platform Connects Self-Published Authors With Readers". Forbes magazine. Retrieved 2019-07-03. ...Reedsy ... now includes 150,000 authors in its community, as well as 1,500 editors, designers, marketers and ghostwriters. ... initially funded with about $1.25 million raised .... has grown to a team of 25....
  8. "How Much Does It Cost". Reedsy. August 2019. Retrieved 24 August 2019. To operate, Reedsy charges a 20% commission fee on collaborations. This fee is shared between professionals (10%) and clients (10%)...
  9. Chhabra, Esha. "London Startup Uses Technology To Open Up The World Of Book Publishing". Forbes. Retrieved 2017-11-14.
  10. Reid, Calvin. "Reedsy Debuts Skills Market, Plans Curated Imprint". Publishers Weekly. Retrieved 2019-07-02.
  11. Staff writer (2019). "A new platform to help writers and publishing professionals come together to create beautiful books". European Commission -- Cordis. Retrieved 2019-07-03.
  12. Dillet, Romain. "Reedsy Launches Book Editor To Seamlessly Turn Your Draft Into A Book". TechCrunch. Retrieved 2017-11-14.
  13. Reid, Calvin (2016-02-26). "Reedsy Grows, Launches Online Book Editor Tool". Publishers Weekly. Retrieved 2019-07-02.
  14. Nelson, Olivia (2019-05-06). "The Best Software for Writers 2019". University Magazine. Retrieved 2019-07-02.
  15. Dillet, Romain. "Reedsy Launches Behance-Like Profiles To Let Authors Showcase Their Books". TechCrunch. Retrieved 2019-07-02.
  16. Max, Tucker (2016-09-09). "The Entrepreneur's Complete Guide to Ghostwriting". Entrepreneur magazine. Retrieved 2019-07-02.
  17. Reader, Ruth (2017-09-19). "You Can't Gig With Us: Why The Freelance Economy Is Getting More Cliquey". Fast Company magazine. Retrieved 2019-07-02.
  18. Anderson, Porter (2017-08-18). "What Are Book Cover Designers and Editors Earning? The Freelance Reality". Publishing Perspectives magazine. Retrieved 2019-07-02. Ninety-five percent of freelance pros at Reedsy Marketplace have worked for the Big Five,,,
  19. "Search for writing contests in your genre". Reedsy. January 2018. Retrieved 16 January 2018. ... Discover the finest writing contests of 2018 for fiction and non-fiction authors of short stories, poetry, essays and more. Updated weekly, these contests are vetted by Reedsy to weed out the scammers and time-wasters....
  20. Inghum, Edmund (2015-09-21). "It's Time To Rethink How We Create And Publish Books: Reedsy Founder Explains How". Forbes magazine. Retrieved 2019-07-02. Only 300 professional freelancers have been accepted onto Reedsy’s platform despite the team having received more than seven thousand applications ... Reedsy allows authors to request quotes from professional editors, designers and marketers for free...
  21. Conrad, Kathryn M. (2017-01-01). "Public Libraries as Publishers: Critical Opportunity". Journal of Electronic Publishing. Retrieved 2019-07-02. The average costs of copyediting and proofreading for a 60,000 word manuscript were $1020 and $540 respectively, and the average cost of a professional cover design was $700...
  22. Dillet, Romain. "Reedsy Launches Its Marketplace For Indie Authors To Unbundle Traditional Publishing Houses". TechCrunch. Retrieved 2017-11-14.
  23. Funkhouser, Tori (2016-02-02). "How publishing startups use tech tactics to thrive in the digital era". Tech Republic. Retrieved 2019-07-02.
  24. Pofeldt, Elaine. "This Startup Aims To Take The Pain Out Of DIY Publishing". Forbes. Retrieved 2017-11-14.
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