Фото - Litnet
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Litnet

The e-book marketplace with a new distribution model

Украина, город Киев
Отрасль: Развлечение, Другое
Стадия проекта: Действующий бизнес

Дата последнего изменения: 14.06.2018
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Идея

Litnet is literary marketplace which allows authors to monetize their books at any stage of writing.
Our model of distribution decrease the problem of piracy and couldn´t be easily copied by traditional e-book stores (Kindle, iBooks, Tolino). We sell the ebook a step before the traditional ebook stores and get main revenues from sales.

Текущее состояние

Three language versions are launched:
- Russian (July 2015)
- Spanish (February 2018)
- Ukrainian (February 2018)

200 000 - daily users
~$1,5M - turnover in 2017
~$100K - net profit in 2017

Рынок

English language - ~$7000M
German language - ~$600M
Spanish language - ~$90M
Russian language - ~$60M

Spanish language, Turkish, Indonesian etc. have high level of ebook reading but piracy is very big problem. We plan to creat new markets of the legal distribution on the territories with high level of piracy.

Проблема или Возможность

Piracy is the main problem of digital books.
Advertising costs are too high for literature digital goods because they need to compete with more profitable businesses (online and mobile gaming).

Решение (Продукт или Услуга)

1. Piracy. We give the rightsholder (author or publisher) to publish the ebook part by part. Readers have to pay once(!) the price of the book and get access to the book. They become the followers who read the new episode when the rightsholder publish it. So the book is selling but doesn't appear in the pirate libraries because they publish the full text only.
So the book is protected from piracy for the first 2-3 months - the time of highest interest and sales.

2. Promo. Readers visit the Litnet every day because they follow the updates of the books. The rightsholders may propose new books for their readers because they have them as followers. It works like a social network contacts. And all these promo activities are very targeted and free.

Конкуренты

E-book stores such as:
Kindle store
LitRes
iBooks

Crowd-publishing platforms:
Wattpad
FanFiction

Literary communities:
Goodreads
LiveLib

Преимущества или дифференциаторы

We combine best features of all our competitors bulding a literary network where writer may:
- publish books (sell or publish them for free)
- network with readers and colleagues
- sale book even on the stage of part-by-part publishing

Финансы

Monthly turnover of Russian version is ~$260K
Everage price of the book is $1,67

Бизнес-модель

Sales comission (common for all marketplaces)
Advertising
Social networking (sales of rewards)

Целевое назначение инвестиций

New market penetration

Предложение инвестору

We propose a company share and strong vision of future exit for both of us (founders and investors)

Команда или Руководство

Победы в Конкурсах и другие награды

2nd place of Startup Battle at Login 2017 (Vilnius 24-26 May 2017)

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Идея
Текущее состояние
Рынок
Проблема или Возможность
Решение (Продукт или Услуга)
Конкуренты
Преимущества или дифференциаторы
Финансы
Инвестировано в прошлых раундах, $
Бизнес-модель
Целевое назначение инвестиций
Предложение инвестору
Команда или Руководство
Менторы-советчики
Лид-инвестор
Риски
Прохождение Инкубационных/Акселерационных программ
Победы в Конкурсах и другие награды
Изобретение/Патент
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Видео о продукте
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