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Category Archives: Publishing Contracts

Comparison of Trade Publishing – Vanity – Author Publishing

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Comparison

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Every writer, no matter if they author-publish (self-publish) or if they have sold their manuscript to a publisher, has to do their own marketing. But how can you promote your book, if you are at the mercy of a publisher – trade or vanity?  What if you don’t own the ISBN and if you have no access to the retailers’ publishing / author pages, such as Amazon, B&N or Apple?  We had clients whos publishers were not able to properly set up the Amazon page, did not choose the proper category, took weeks to make changes to a wrong price and months to add the images and text the author had provided for their Goodreads or Amazon page.
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This is a huge problem (among many others) that authors face after they have given away their work for a pittance – or worse, have paid thousands of dollars to a vanity publisher. So, what’s the difference between both, beside the fact that they make it difficult for their authors to market their books?
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TRADITIONAL PUBLISHERS

  • Author needs to have a platform
  • Trade publishers accept very few submissions (average: 4%)
  • Authors might have to pitch dozens or hundreds of puplishers / agents
  • Authors receive a small advance and even smaller royalties
  • They do not use POD (single or few books), rather print large quantities
  • Authors have barely any say to cover image, publishing date etc.
  • Authors cannot decide the sales price, e-book prices are often un-competitive
  • It takes very long until the book is published (12-18 months average)
  • Publisher pays for printing, editing services and cover image
  • Distribution services are covered by the publisher
  • Professional marketing services available – but only for celebrity writers
  • They own the ISBN for the book

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VANITY PUBLISHERS

  • Author needs to have a platform
  • Accepts almost ALL submissions
  • Author never receives any advance in this “partnership
  • Author contracts are often worse than those of trade publishers
  • Author pays for printing or ebook-formatting, editing services, cover image
  • Authors have barely any say to cover image, publishing date etc.
  • Authors cannot decide the sales price
  • Mostly Quick turnaround and Print on Demand (POD)
  • Barely any distribution services, compared to commercial publishers
  • Vanity publishers don’t live from book sales, they live from printing/author services
  • No professional marketing services
  • Very few royalties – if any at all
  • They own the ISBN for the book
  • Your book has only 3 months time in bookstores to sell – before being discarded!
  • Bookstores generally are wary of vanity books (except maybe local writers)

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AUTHOR-PUBLISHING

  • Authors needs to have a platform in order to build a brand
  • Needs to learn about the publishing / book distribution industry
  • Needs to plan the publishing / marketing process
  • Authors have to find / compare author services (POD, distribution, formatter, designer)
  • Authors pays for printing or ebook-formatting, editing services, cover image
  • Authors can decide everything: cover image, publishing date, retail price etc.
  • Authors can do their own or hire marketing services
  • Authors get up to 70% from the books retail price (or 100% if sold from own website)
  • Authors own their ISBN – which is FREE in Canada! and low-cost in other countrie
  • Bookstores generally are wary of author-published books (except maybe local writers)

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Conclusion:
If an author has all these challenges, waiting times (or costs to cover, in the worst scenario) – and cannot even do the necessary marketing without huge problems, what is the point in having or even paying a publisher?  Why not author-publish / self-publish in the first place, and be totally independent when it comes to your marketing?
Whatever you will decide, take your time, don’t rush in anything and don’t let you sell any services, before you have thoroughly evaluated them. It does not matter if your book launches a month or a year later – important is that you have a platform as a writer and that you find a way of publishing that suits you and that gives you the freedom of your own decisions. If you decide to go with a publisher, don’t forget: Real publishers sell to readers – vanity publishers sell to writers!

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If you would like to get help in all things publishing, have your book intensively promoted and learn how to navigate social media sites:  We offer all this and more for only $ 179 for 3 months. Learn more about this individual book marketing help: http://www.111Publishing.com/Seminars
Or visit http://www.international-ebooks.com/book-promo to advertise your new book, specials or KDP Select Free Days.

Please check out all previous posts of this blog (there are more than 900 of them : ) if you haven’t already. Why not sign up to receive them regularly by email? Just click on “Follow” in the upper line on each page – and then on “LIKE” next to it. There is also the “SHARE” button underneath each article where you can submit the article to Pinterest, Google+, Twitter, Facebook, Tumblr and StumpleUpon.

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Top Languages and Top Social Media Networks

Top Languages on the Internet
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OK, you transferred your book into print, digital and into an audio book.  Now, how else can you leverage your hard work?  Let it translate into other languages, or sell foreign rights of your book. Sell your rights separately and if you still own all the rights for your book, also consider to split it apart, in order to sell it in single articles, especially if it is a non-fiction book. 

The reason to show you this info graphic is to point out the possibilities for writers to either translate (let translate) their work into foreign languages, such as Mandarin, Spanish, Portuguese, German etc.  – or to sell the foreign rights to their books.
The info graphic lists the top languages on the Internet, countries highlighted are chosen due to the official status of a listed language in the country. Also included are tables on internet penetration by language and world population of language.  Another consideration is which Social Networks to use to market your books worldwide.  Let the person who translated your book also translate short articles for Google+, Facebook, Pinterest  and Twitter.  This enables you to get the attention of potential readers for your translated book.
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Top Social Media Networks / Languages
Jeff Bullas, Social Media & Blogging Guru wrote: “Twitter with its short and snappy messaging is very dependent on mobile usage and smart phones. The rise of the visual web is making Pinterest and Tumblr the fastest growing social networks on the planet. Facebook is where we share with friends and family. Google+  is embedded in Google’s web assets including Gmail, local check-ins and the mobile Android ecosystems. Google is getting the data it wants from Google+. Demographics, usage and content popularity. Meaning into it’s RANKING of SEARCH RESULTS and much more.”Here are the latest social media facts and statistics provided by the latest study by GlobalWebIndex for the second quarter of 2013. It shows clearly:

  • Google+ is catching up to Facebook
  • Google+ dominates on monthly visits
  • Active usage is highest on FB, then Google+ and Twitter
  • Pinterest is the fastest growing social network
  • LinkedIn is the most popular for older users

Don’t forget that on Google+ you can show cover images of your book as often as you want – contrary to other Social Media where it is only possible once a day!
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Matterhorn-Switzerland.

Foreign Right Sales
It is not that easy to sell your foreign rights without an agent or a publisher, but it’s not impossible. Women’s fiction author Kay Raymer did the whole agent query routine in 2000, but nobody would look at her novel, Hannah Street. So she sent the manuscript to her attorney, who happened to know someone at Bertelsmann / Germany. Bertelsmann made an offer on the book, and her lawyer helped arrange the contract. As a result, Raymer’s first novel appeared in Germany in 2001, a paperback original called Das Rosenhaus.
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Choose your foreign rights agent carefully!
Most agents charge 20% (or sometimes even 25%) on foreign sales (including British and translations). This 20% rate is justified because normally two agents are involved (the second one being in the foreign country), and they end up splitting the commission. If you are not represented already, why not try to find agents or even publishers yourself in other countries, especially if you speak more than one language? I just found a blog post from a successful writer, who did just that: searched the internet, found contact addresses of agents in other countries and contacted them. He wrote. Read more here.  and here.  How you can sell your rights or split your book in single articles can be found in this blog post: http://savvybookwriters.wordpress.com/2012/04/02/why-you-should-split-your-book-apart/

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If you would like to get help in all things publishing, have your book intensively promoted and learn how to navigate social media sites: We offer all this and more for only $ 159 for 3 months. Learn more about this individual book marketing help: http://www.111Publishing.com/Seminars
Or visit http://www.e-Book-PR.com/book-promo to advertise your new book, specials or KDP Select Free Days.

Please check out all previous posts of this blog (there are 890+ of them : ) if you haven’t already. Why not sign up to receive them regularly by email? Just click on “Follow” in the upper line on each page – and then on “LIKE” next to it. There is also the “SHARE” button underneath each article where you can submit the article to Pinterest, Google+, Twitter, Facebook, Tumblr and to StumpleUpon.

Thanks a lot for following:

@111publishing

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http://bit.ly/VmtVAS 111Publishing @ Google+

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A Reason to Cut Royalties in Half?

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Amazon is stepping up its efforts to acquire rights to author’s book content. Just recently Amazon bought world rights to two books by UK romantic comedy novelist Matt Dunn, in a deal signed directly with the author. A Day at the Office,  originally self-published, had reached the Top 10 in the Kindle book chart.

Also in the UK this week, Amazon’s new Thomas & Mercer, a thriller and mystery press, made its first acquisition with two self-published works from Mel Sherratt, Taunting the Dead and Watching Over You.

However, Aubrey Rose, an Erotic Romance author, turned down Amazon’s publishing deal. She wrote on her blog: “I Just Turned Down a Publishing Deal with Amazon.”

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Me-Cinderella“They offered me $5k, with 35% royalties only. My book is already published, and they said they would just transfer it over in October. They were firm on the cover being theirs, something to do with rights.
I sent them a link to the stock photo of my model, but they wouldn’t guarantee me approval power, and some of their covers were so bad I got worried.
I guess the agent stumbled across it, because I did not submit it anywhere, just got an email from them out of nowhere. At first I thought it was spam, ha ha.”

Literary Agent
“The one really nice thing about this was that I was able to get in contact with an agent from the Knight Agency, and she gave me some good, honest advice about what I could expect if I shopped the book around.  Also she read a few chapters of my book and liked it, and said I could send her the next one I wrote – new adult is apparently a hard genre to shop around to traditional publishers, unless you have a ton of sales already, since it is such a new category.

Offer was not favorable
Aubrey Rose, successfully self-published writer, says the offer from the online giant was far LESS than she could make on her own. For every book she sells on Amazon, she receives 70% of the list price – and she can sell her book everywhere else, e.g. on Kobo, B&N, Apple, Sony, Diesel etc. As an Amazon author, the book would have been offered exclusively on Amazon.

The Guardian wrote: “A self-published author of romantic erotica, who had dreamed of being a published author since she was a little girl, has found herself in the unlikely position of turning down a publishing contract with Amazon.com, after it turned out she could make a better living by going it alone.

Rose was only offered $5k, with 35% royalties, a post by the author on Reddit confirmed . But that turned out to be “less than I had made in my first month of sales”, Rose wrote on her blog.

Aubrey Rose, whose  Me, Cinderella?  was self-published in the US on Amazon.com and through Barnes&Noble, was put off by the small sum on offer and by the lack of control she’d have over her book covers – a perennial gripe among many “properly” published authors. On her blog, Rose wrote: “As a writer of big beautiful women romance, I’m acutely aware of the limited amount of cover material available to us and I DO NOT want a thin girl on my cover.”

She added that Amazon “couldn’t guarantee anything – from cover image to pricing to marketing. And I would have to pull my book from every publisher except Amazon.” She added: “It was hard for me to say no. Ever since I was a little girl I’d dreamed about being a ‘published author’ …” One of my writer friends asked, ‘What are they guaranteeing you other than that they will take all the publishing rights and half of your royalties?’

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If you would like to get help in all things publishing, have your book intensively promoted and learn how to navigate social media sites: We offer all this and more for only $ 159 for 3 months. Learn more about this individual book marketing help: http://www.111Publishing.com/ Once you are on this website, click on Seminar to register.

Please feel free to check out all previous posts of this blog (there are 840+ of them : ) if you haven’t already. Why not sign up to receive them regularly by email? Just click on “Follow” in the upper line on each page – and then on “LIKE” next to it. There is also the “SHARE” button underneath each article where you can submit the article to Pinterest, Google+, Twitter, Chime.in, Facebook, Tumblr and to StumpleUpon.

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The Traps in Publishing Contracts

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Traps-in-Publishing-Contracts
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Traditional Publishing Contracts – Part Two of a Series 

There should be a large neon sign that says: NEVER, NEVER, NEVER sign a contract without having your contract lawyer going over it and explaining it to you in detail – sentence for sentence. The contract clauses described here in this blog post are the “norm” in publishing. It is difficult to see how your publishing agreement will play out in the long term, what you sign today could have profound, long term consequences.

Contract attorney Ivan Hoffman explains in his blog:
“In the US, many contracts that consumers commonly sign, such as for mortgage or auto loans or to
obtain a credit card, are subject to statutory requirements for fairness, clarity, etc.  If some of the clauses and drafting techniques commonly included in publishing contracts used by publishers were found in consumer contracts, those provisions would be deemed void and unenforceable. In some cases, they might even constitute consumer fraud and would subject publishers to fines and penalties.”
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My advice: Before you even have a publishing contract meeting, do your homework and google the publisher, adding the word “complaint”. You might be surprised what you will discover!
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Publishing contracts are not negotiated from the ground up between the author and the publisher. They are prepared by the Publisher and delivered to the Author as though ready for signature.  And many authors sign without understanding what the contract contains or what rights they are giving up. They focus only on the royalty rate and the advance, if there is any. While those points are important, they might be far less important than some other provisions in the agreement. Authors should not assume a “standard” contract will be fair or equitable. Nor should authors assume they will be able to easily get out of that contract if found out later to be unfair.
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Samples of unfavorable publishing contracts

Duration of the contract and Territory:
“Author grants and assigns to publisher the sole and exclusive rights to the manuscript throughout the
territory, (which means the World – I have seen contracts that state “throughout the Universe” ….) during the entire term of the copyright and any renewals and extensions thereof.”

What is means: This contract is for the life of the author, plus 70 years after her death, plus renewals and extensions, binding to your heirs as well… Have you ever seen or signed a contract that extends beyond your lifetime? Pretty unfair and one-sided! It also should have a clause, that you get the rights back if the publishers doesn’t exploit it in a given time. For example: if they don’t translate your book into French, Spanish or Cantonese, they should state in the contract to return the rights for those countries to you, say after 2 or 3 years. Most likely they will refuse to …
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Rights granted by the author to the publisher:
“The Publisher has the exclusive rights to:

  • Magazine or newspaper before and following publication
  • Publication of condensations, abridgments, and in anthologies
  • Book club publication
  • Direct sale and mail order”

What it means: In their contracts, publishers will almost always seek to obtain ALL rights to the
manuscript. No author should give up all rights. If the author is in a stronger bargaining position, the
author may be able to withhold electronic rights, foreign rights or any other of the rights. If for any reason the contract terminates, there should be a clause, dealing directly with what happens to the rights in the book in those events. Do the rights revert to the author?
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Manuscript delivery and unsatisfactory material:
“If the manuscript for a book is not, in publisher’s sole judgement, satisfactory in all respects, the
publisher may terminate this agreement upon written notice.”

What it means: the Publisher can end the deal for pretty much any reason it sees fit, or for no reason at all. This clause has no single criteria to determine if a book is satisfactory – and it doesn’t give the author equal power to terminate the contract if she/he is not satisfied by the book the publisher created, for example if the publisher did not edit the book properly, priced it to high for the market or choose a terrible cover or a ridiculous title?
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Advances and Royalties

What is an advance
An advance payment is not a signing bonus. Instead, it is money the publisher is paying the author to live on while the book is being written. The publisher will be paid back this money once the book starts selling. They will take the advance money right off the top of your earnings. Depending on the size of your advance and how well your book sells, you may not receive any royalty payments for a long time. Maybe never. When a book sells enough copies to cover the cost of the advance, it means the book “has earned out.” Now your royalties can start rolling in …
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Royalties:
“Hardcover: 10% of the invoice price for the first 5000 copies, 12.5% thereof for copies from 5001 to
10,000, and 15% thereof for copies in excess of 10,000. Mass Market Paperback: 8% of the invoice
price for the first 150,000 and 10% thereof for all copies thereafter. On Ebooks: 25% of the amounts
received by Publisher, excluding taxes and handling charges.”

What it means: Between 8% and 12.5% for books is a pitance, and a lousy pay for the hard work of the author. And equally outrageous is what the author gets on e-books: 25% royalties – which is equivalent to 17.5% of the list price. However, the publisher gets 52.5% of the list price! Compare it to 70% you get from Amazon for books between $2.99 and $9.99. Do I need to say more?
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Royalty Payments
“Publisher shall provide Author with semi-annual royalty statements showing the amount due to the
Author, by April 1 and October 1 of each year for the six-month period ending the preceding December 31 and June 30th, respectively.”

What it means: These publishers might have never heard from a computer, nor do they use any : ) It does not take 6 months to compile the data for sold books, Amazon shoes your sales in mere minutes, and Barnes&Noble, CreateSpace and Kobo pay monthly. But if the money is withheld for months,it’s to the Publisher’s advantage. The longer, the more interest they can earn on the principal due to delayed payments.
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Most important: What is your royalty based on?
Retail price? Wholesale price? Or net price? Bookstores and other retailers get often deep discounts, up to 55%. If your contract states 10% of net, and the book is delivered at 55% discount to retailers, you might end up with only a couple of cents per book …

  • At a discount of 50%, 20% of net is same as 10% of the retail price of your book
  • At a discount of 40%, 16,66% of net is same as 10% of the lretail price of your book
  • At a discount of 20%, 12,5% of net is the same as 10% of the list price of your book

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Joint accounts – another trick of the trade publishers:
“Books one, two, and three will be held in a joint and open account, and the publisher shall not pay the
author’s share of royalties and subsidiary rights income on any book of the work until the author’s share of royalties and subsidiary rights income for all books exceeds the total advance.”

What it means: If you have a three-book deal with an advance of $60,000, you don’t make a cent in
royalties until all $60,000 has earned out – if for example book one earns already royalties, those
royalties go toward paying off the advances on books two and three. This is called a basket account or joint accounting. This way you might not earn anything, even with one very successful book, just
because other books in the basket weren’t as successful, often at the publishers fault – or haven’t been released yet.
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Statements and Payments
“Books one, two, and three will be held in a joint and open account, and the publisher shall not pay the
author’s share of royalties and subsidiary rights income on any book of the work until the author’s share of royalties and subsidiary rights income for all books exceeds the total advance.”

What it means: If you have a three-book deal with an advance of $60,000, you don’t make a cent in
royalties until all $60,000 has earned out – if for example book one earns already royalties, those
royalties go toward paying off the advances on books two and three. This is called a basket account or joint accounting. This way you might not earn anything, even with one very successful book, just
because other books in the basket weren’t as successful, often at the publishers fault – or haven’t been released yet.
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Reasonable Reserve
“The publisher may retain a reasonable reserve against returns in any accounting period. If the author
receives an over-payment of royalties resulting from copies of the work reported, sold, but subsequently returned, the author shall repay such amounts to Publisher to the extent that Publisher is not able to deduct such amounts from monies due to Author at the end of the royalty payment period after the period in which the over-payment is discovered.

What it means: This looks like a Publisher can pretty much withhold money from an author, and it
doesn’t define what a “reasonable” reserve is.

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As contract lawyer Ivan Hoffman wrote:
“However, in the absence of consumer-type protections, the laws governing (publishing) business contracts assume that each party to such contracts will watch out for themselves. If both parties sign a contract, the strong presumption is that each party understood what the contract meant and voluntarily agreed to be bound by it. In extreme cases, if a lawsuit were filed, a contract might be deemed unconscionable and voided in whole or in part, but that is a high hurdle to clear.”
Knowing the problem is widespread, doesn’t mean it should be ignored. Big companies are exploiting artists. They are getting rich, and the creators are getting shafted.
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Stay tuned for number three (final) in the series, and spread the word, RE-BLOG these articles, so that as much writers as possible learn about the tactics of the publishing industry and how to read between the lines.

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Resources:

Great Book Contract Checklist

Book Publishing Contracts: Checklist of Deal Terms

Copyright Termination

How to Read a Book Contract

Author Concerns and Complaints at Crimson Romance Contracts

Blog Posts by a New York Contract Lawyer

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If you would like to get help in all things publishing, have your book intensively promoted and learn how to navigate social media sites: We offer all this and more for only $ 159 for 3 months. Learn more about this individual book marketing help: http://www.111Publishing.com/ Once you are on this website, click on Seminar to register.

Please feel free to check out all previous posts of this blog (there are 840+ of them : ) if you haven’t already. Why not sign up to receive them regularly by email? Just click on “Follow” in the upper line on each page – and then on “LIKE” next to it. There is also the “SHARE” button underneath each article where you can submit the article to Pinterest, Google+, Twitter, Chime.in, Facebook, Tumblr and to StumpleUpon.

Thanks a lot for following:

@111publishing

http://on.fb.me/TvqDaK

http://bit.ly/VmtVAS 111Publishing @ Google+

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E-Book Publishing: How Do You Decide?

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Do you know the difference between a real e-book publisher who pays an advance and then publishes your finished book and an e-book publishing company which is in reality often vanity publishing and takes a certain commission from your book?  Or an author service company who charge small fees to produce your e-book, in which case you can earn 100% of your e-books’ whole sale price?

Kindle-e-Reader

Kindle e-Reader

In all three variations the e-book retailers (Amazon, B&N, Apple, Sony, Diesel etc.) always get a percentage of the e-book sales, mostly around 30%, for providing their sales platform, point-of-sales cost, money transfer fees, online customer service, marketing etc.
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Compare e-book publishing company commission rates.|
E-book publishing companies hook you to have your book published without investing a dime, but as they act now as the official publisher they retain a big portion of your e-book sales to themselves – which is often not a good deal for you.

They offer free ISBN numbers, (in reality an amount which is only a negligible: $25 for one ISBN, if you buy a block of ten ISBN’s).   And then these so-called “publishers” how they call themselves wrongly, take an average of 15% commission from the net sales.  If your book becomes successful you can lose out on a lot of revenue! Another problem might occur when you decide to offer your e-book for free through the KDP Select program: it has to be free exclusive at Amazon for these 90 days, which means that you must remove your e-book (NOT the print version) – not an easy job.
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Genuine E-Book Author-Publishing
Your investment in self–publishing will not be more than $500 and $900 if you do your homework and research for professional, yet inexpensive editing, cover design, ISBN number ( which is free in Canada), book formatting and uploading.  Author service companies, such as BookBaby.com, offer all these services, but don’t act as publisher and don’t take any commission from the whole sale price. You receive 100%.
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Read the fine print; know your contract.
Before you commit to publishing an e-book with any company, always read the fine printContact a lawyer who is specialized in publishing contracts / copyright issues, who can check your contract before you sign!
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Research copyright details
Every publishing company plays by a different set of rules. Make sure that the e-book publisher you use, allows you to retain all other rights to your work, such as print, foreign rights, audio books or film rights. This is another reason why you need to let a lawyer screen your contract.
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Screen the e-Publisher
E-publishers can be anything, from very amateurish to very professional:

  • Is their website professionally designed and easy to navigate? Is the text well-written and formatted? The website is the publisher’s shopping window, and should reflect professionalism.
  • Does their staff have publishing, editing, or marketing experience? Beware of publishers that don’t provide this information on their websites.
  • How long has the publisher been in business?  Are there any complaints about the publisher or its staff? A web search on the publisher’s name (and words such as “complaint”, ”issues”, “problems”, “caution”) will sometimes turn up information–often on authors’ websites or in their blogs.
  • Are other writers happy with the publisher? Contact a few of them, and ask.
  • Order a couple of the publisher’s books. Are they of good quality? Professionally presented? How’s the cover art? Do they show signs of having been edited? Have they been proofread? What’s the caliber of the writing? Bad, poorly formatted, and/or sloppily-edited books do not encourage readers to return for more.
  • For print books, if the publisher produces them, the royalty rate will be lower, but shouldn’t be less than what print publishers pay for trade paperback books–7%-10% of list.
  • What’s the optimum price for an e-book? There’s no consensus, and prices are all over the map. The big print houses charge as much as $14.99, while independent e-Publishers tend to stick to the $4.00 to $7.00 range.
  • How does the publisher market itself and its titles? As noted above, e-book authors are expected to shoulder a lot of the responsibility for marketing and promotion, but a professional e-Publisher will actively support its books–for instance, investing in some form of meaningful advertising to attract readers to its site, sending out press releases and advance reading copies, and attending and present your book at conventions and book fairs.
  • How forthcoming is the publisher? A reputable e-publisher should be willing to answer your questions about things like sales figures and formats, give references, make its contract available for your review, and in general to provide information about itself and its publications (preferably on its website).
  • A publisher who charges a fee or requires you to buy something as a condition of publication is either a vanity publisher or a self-publishing service, no matter what its claims to the contrary.

These points are not only helpful to find an e-publisher or an e-publishing service company / aggregator, but also when you have to decide on print publishing.  EPIC, an association for electronically-published authors, has a helpful list of contract clauses to watch out for. Explore their “Red Flag List” to find clauses that could become an issue with your future publisher.

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If you would like to get help in all things publishing, have your book heavily promoted and learn how to navigate social media sites: We offer all this and more for only a “token” of $1 / day for 3 months. Learn more about this individual book marketing help: http://www.111Publishing.com/seminar

Please feel free to check out all previous posts of this blog (there are more than 760 of them : ) if you haven’t already. Why not sign up to receive them regularly by email? Just click on “Follow” in the upper line on each page – and then on “LIKE” next to it. There is also the “SHARE” button underneath each article where you can submit the article to Pinterest, Google+, Twitter, Chime.in, Facebook, Tumblr and StumpleUpon.

Thanks a lot for following:

@111publishing

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http://bit.ly/VmtVAS 111Publishing @ Google+

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99% of All Manuscripts Will Be Accepted …

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Stop Vanity Publishing

Stop Vanity Publishing

and will be printed – but only by Vanity Publishers (aka Subsidy Publishers) – as long as the author is willing to pay their totally inflated prices.

The main goal of these vanity publishers is to have their printing company busy, so they are not really into executing the work of a traditional publisher.

A background check reveals in almost all cases that they are either printers or affiliated with a printing company.  I learned that even one of the best Canadian book printing companies went into vanity publishing a year ago.

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You often might have seen these small ads in literary magazines or on the internet:  “If your book deserves publication, send your manuscript now to …”.  And authors do not have to wait long for a response to their submission.
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Money upfront
Authors are certainly surprised when they encounter a publisher who wants money up-front. It should be the other way around shouldn’t it?  After the author, having signed a hefty check, eventually learns that paying for publication is no guarantee that a single copy of his book will appear in any book shop, not even the local ones.

Many vanity publishers will charge somewhere between $8,000 to $20,000 (or even more) to publish a book depending upon its length. Why would an author pay $20,000 when he or she can have the same book printed for $1,500?
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Contract full of (empty) promises
Nevertheless, the contract will be full of promises:  What exactly will be paid to the author for subsequent reprinting, subsidiary, for audio and e-books, mass-market paperback rights, TV & Radio rights, merchandising and commercial rights and even film and foreign rights – to make the author believing that his “publisher” actively solicits his manuscript in Hollywood.

Vanity contracts include usually a certain amount of “free” copies for the author; sometimes even as much as 10 books and if he/ she require more, they have to be paid. In reality, the author is paying for them twice…
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The stock of unsold books remains the property of the publisher
so if there is a chance to remainder them later, he cashes the proceeds. In most cases, only a certain number of copies (I suspect not even this will happen) in an edition will actually be bound; the rest will remain in the warehouse as flat printed sheets until required, which is probably never. However the author has paid in advance for complete books!!!  And I have never met an author who goes into the print shop / binder to watch his or her books manufactured or to see them stored in the warehouse.

Vanity / subsidy publishers are not concerned with editing, promotion, sales or distribution – unless the author pays additionally. For most vanity books, neither exists, and should review copies really being sent out: Reviewers are wary of vanity presses because they know that little attention is paid to the editing of the book. Unless the vanity house has a proven distribution and sales organization, the author is going to have to sell it himself and usually the book sells fewer than 200 copies.
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As seen in a Vanity publisher contract:
In the event of bankruptcy or liquidation of the publisher for any cause whatever, the author shall have the right to buy back the publications at fair market value to be determined by agreement or arbitration.” (That means, die author has to pay a second time for all his unsold books).  “If the author does not purchase remaining copies of the book, the representative of the publisher shall have the right to sell same at the best obtainable price without payment of royalty to the author.”
Unbelievable! Unethical! Criminal!
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Beware of these signs:

  • Don’t trust flattering letters concerning your manuscript.
  • Be suspicious of vague promises of quality production. You will not get it in writing…
  • Be wary of promises to sell television and film rights, serial books and other money-making options.
  • Read, read and read once more the contract.
  • Don’t pay a dime, get a copy of the contract and show it to a lawyer that is specialized in contract / copyright law.
  • Watch out for contract clauses, that allow the publisher to renegotiate his initial pitch, and also where the “Publisher shall have the right to license the rights set forth”.

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Beside their over-the-top printing prices, Vanity publishers might cheat you in a contract that expires only 50 years after your death and with worldwide rights, even universe rights – a contract that a friend of mine signed in Ontario, Canada (and paid dearly).

“The author hereby grants the publisher, during the full term of copyright, the sole and exclusive right to manufacture, print, publish and sell and to otherwise use, as set out further in this agreement, including, but not limited to, acting as agent and/or exercising any or all subsidiary rights, throughout the universe the work.” And: “The copyright remains with the author, until fifty (50) years after the death of the author. All covenants and grants of the author shall bind the author’s successors or assigns.
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Vanity Publishers / Subsidy Publishers are not actively promoting books.  Their business is not publishing, but printing and selling authors all kind of over-priced services.  Despite all these warnings, there are still writers who fall into the trap of vanity / subsidy publishing. And as soon as one vanity publisher goes out of business, another fills the gap.  

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If you would like to get help in all things publishing, have your book heavily promoted and learn how to navigate social media sites: We offer all this and more for only a “token” of $1 / day for 3 months. Learn more about this individual book marketing help: http://www.111Publishing.com/seminar

Please feel free to check out all previous posts of this blog (there are more than 760 of them : ) if you haven’t already. Why not sign up to receive them regularly by email? Just click on “Follow” in the upper line on each page – and then on “LIKE” next to it. There is also the “SHARE” button underneath each article where you can submit the article to Pinterest, Google+, Twitter, Chime.in, Facebook, Tumblr and StumpleUpon.

Thanks a lot for following:

@111publishing

http://on.fb.me/TvqDaK

http://bit.ly/VmtVAS 111Publishing @ Google+

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Are You Looking for a Publisher?

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130523104141-amazon-kindle-worlds-620xa

Amazon.com recently announced Kindle Worlds, a digital publishing platform devoted entirely to fan fiction.  It is a broadly-defined term for stories about characters or settings written by fans of the original work, rather than by the original creator.  Unlike when you self-publish your book and load it up to Amazon as seller, with Kindle Worlds Amazon is the publisher and you are selling your work to them forever.
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From Amazon’s Web site:

Get ready for Kindle Worlds, a place for you to publish fan fiction inspired by popular books, shows, movies, comics, music, and games. With Kindle Worlds, you can write new stories based on featured Worlds, engage an audience of readers, and earn royalties. Amazon Publishing has secured licenses from Warner Bros. for Gossip Girl, Pretty Little Liars, and The Vampire Diaries, with licenses for more Worlds on the way.
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Kindle Worlds for Authors

Kindle Worlds is easy to use. When the Kindle Worlds Self-Service Submission Platform opens, you will be able to upload your story easily—along with a title, editorial description, and other information. Sign up to be notified when we launch the platform.

  • Kindle Worlds will accept novels, novellas, and short stories inspired by the Worlds we have licensed.
  • Using our Cover Creator, you will be able to design a cover for your Kindle Worlds story.
  • World Licensors have provided Content Guidelines for each World, and your work must follow these Content Guidelines. We strongly encourage you to read the Content Guidelines before you commit the time and effort to write.
  • Stories will be available in digital format exclusively on Amazon.com, Kindle devices, iOS, Android, and PC/Mac via our Kindle Free Reading apps. We hope to offer additional formats in the future.
  • You will receive monthly royalty reports and payments for all copies sold.

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Here are the details that will help you get started:

  • All works accepted for Kindle Worlds will be published by Amazon Publishing.
  • Amazon Publishing will pay royalties to the rights holder for the World (we call them World Licensors) and to you. Your standard royalty rate for works of at least 10,000 words will be 35% of net revenue.
  • In addition, with the launch of Kindle Worlds, Amazon Publishing will pilot an experimental new program for particularly short works (between 5,000 and 10,000 words). For these short stories—typically priced under one dollar—Amazon will pay the royalties for the World Licensor and will pay authors a digital royalty of 20% of net revenue. The lower royalty for these shorter works is due to significantly higher fixed costs per digital copy (for example, credit-card fees) when prices for the entire class of content will likely be under one dollar.
  • As with all titles from Amazon Publishing, Kindle Worlds will base net revenue off of customer sales price—rather than the lower industry standard of wholesale price—and royalties will be paid monthly.
  • Amazon Publishing will acquire all rights to your new stories, including global publication rights, for the term of copyright.

Prachi Gupta from Salon.com

“Through these licenses, or “Worlds,” as Amazon has named them, approved fan fiction pitches will be published by Amazon Publishing, who will pay royalties to the rights holders and the writers. Works of at least 10,000 words will yield 35 percent of net revenue, while stories ranging between 5,000 and 10,000 words will yield 20 percent of net revenue. Titles will go on sale in the Kindle store, priced between $0.99 and $3.99. A note of caution to writers, however: Amazon will retain the copyright to the text.”

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If you would like to get help in all things publishing, have your book heavily promoted and learn how to navigate social media sites: We offer all this and more for only a “token” of $1 / day for 3 months. Learn more about this individual book marketing help: http://www.111Publishing.com/seminar

Please feel free to check out all previous posts of this blog (there are more than 760 of them : ) if you haven’t already. Why not sign up to receive them regularly by email? Just click on “Follow” in the upper line on each page – and then on “LIKE” next to it. There is also the “SHARE” button underneath each article where you can submit the article to Pinterest, Google+, Twitter, Chime.in, Facebook, Tumblr and StumpleUpon.

Thanks a lot for following:

@111publishing

http://on.fb.me/TvqDaK

http://bit.ly/VmtVAS 111Publishing @ Google+

.

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