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£1 seems a lot to rake off for a site that doesn't have many titles available (and therefore won't attract many readers). What do you do that Smashwords don't do? It says "Once your book has been accepted" does that mean you vet titles before including them to weed out all the amateur crap? That would be something I would see as worth the commision if you built up a reputation of only accepting quality titles among readers.
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