Friday, July 10, 2009

CompletelyNovel reach the finals of ThePitch

CompletelyNovel a small start-up social book site 'out of' Nawfth Lahdn (North London) has reached the London final of a new business launch competition named ThePitch. The company founders want CompletelyNovel to become the MySpace for books and authors where authors can join a community, showcase their work, interact with readers and hopefully build a market for their work. Readers and publishers can discover new authors and print works they are interested in as well as build relationships with authors and other readers.

In addition to providing a place for authors to mingle, CompletelyNovel is also a retailer and show cases and sells books using Amazon services (I assume) which means they are also making a small percentage on each book sale.

The services for self-publishers look interesting as they offer free display of an authors work online:

It is free to publish your book into the CompletelyNovel BookStreamer and through print on demand printers. This allows you to promote and sell paperback copies of your book throughout the internet. You can easily direct buyers to your CompletelyNovel web address so they can read, review and buy copies of your work.

We will soon be offering a premium account which for a monthly fee gives you advanced printing options such as hardback and also inserts your book into the ISBN database and book catalogues around the globe such as in amazon.

CompletelyNovel's revenue model is based on offering 'premium services' to author, publishers and printers:

We provide a very valuable service to our printers, agents and publishers on our site. Just like our writer premium account, if they want to get more out of the service they can subscribe.

We also receive a small payment when adverts are clicked or when someone clicks through from our site to buy a book from a bookshop.

The company launched last year and they say they are planning to expand into the US in the next few months.

Here is a little more from their press release regarding The Pitch. It is great a publishing business got this far in an innovation competition but admittedly this would be more news worthy if they actually won it. So fingers crossed., book publishing and web start-up, has reached the London final of The Pitch 2009, a competition to identify the most promising UK small business. The company hopes to highlight the great potential for innovation within the publishing industry and also win the prize of £50,000 worth of business related goods and services, including mentoring from former Dragon’s Den panellist, Doug Richards. Their pitch will take place on Tuesday 16th July.

Oliver Brooks, founder of hopes that his vision to create a MySpace for the book publishing world, enabling future hit authors to be discovered by the power of the social web, will prove a winner:

“The new technology available through the web holds so much potential for the publishing industry – we want to help authors and publishers take advantage of this.”

Oliver will be pitching in a Dragon’s Den style against five other finalists from the South East region to demonstrate that CompletelyNovel offers the best in innovation, market knowledge, customer engagement and financial viability. A number of business experts and experienced entrepreneurs will select one company for a place in the national final, judged by ex-Dragon himself, Doug Richards, and due to take place in November.

CompletelyNovel’s pitch follows hot on the heels of some very satisfying news for their website. Aspiring author Gary Hurlstone, who published his book through CompletelyNovel, was signed to a publisher last week thanks to his ability to use the reviews, ratings and sales he got on CompletelyNovel to prove his book’s market.

"CompletelyNovel was a great help in helping us decide to publish Gary Hurlstone's book. It provided us with the rare chance to gauge a real audience's reaction prior to release, giving us a headstart in the processes of marketing and preparing the book for publication."

Derek Sandhaus, Earnshaw Books

With plans to expand into the US in the next couple of months, CompletelyNovel are hoping that there will be many similar stories to come.

For more information please contact:

Anna Lewis,

E:, T: 0207 249 1850 M: 07900 811075

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