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Friday, April 23, 2004 Lulu.com Enters Self-Publishing Services Marketplace Lulu.com does not currently charge fees for publishing an author's book. Authors themselves assume responsibility for editing, marketing and many of the other services traditionally provided by publishers. In return they retain complete control over their work, including setting their own royalty and the ability to revise and republish their books anytime. Lulu.com also offers custom cover art, uploading, formatting and editing services for a fee. Lulu.com also earns a 20% commission on book sales. Lulu.com is the brainchild of Bob Young, the entrepreneur who founded the open source company Red Hat. With Lulu, Young is gambling that lessening the control exercised by traditional publishers over the distribution of information will in the long run create a richer marketplace for consumers. The Lulu brand is derived from the concept of a "lulu," which is an old-fashioned term for a remarkable person, object or idea. Bob Young, Lulu.com's founder and CEO, argues that putting authors in control of the publishing process is a good thing. Young says, "When the Internet came along, established media companies were horrified that anyone could publish a web site. They thought that the amount of bad content would make the information available on the Internet worthless. But that has turned out not to be true. The Internet is full of useful content. People have developed tools to sort out what they want from what they don't. Lulu.com opens up book publishing in the same way."
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