Critique My Strategy

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mortimerjackson

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I started up a post about this, but then my computer went dark and I lost everything. I don't want to type up everything again, so this will be considerably shorter. Aggggh.

The short (of a long) story is this. A new self-pubbing strategy I'm considering is finding a partner to work 50-50 on a new project, wherein together we come up with a project that would interest us both. Then I write, and my partner does edits, and then plays a key role in marketing our product. I want to do this because A) I'm not good with marketing and social media, and B) every author needs an editor, and the most optimum arrangement for any self-pubbed author is an arrangement where development costs are nil.

I'm fairly multi-faceted. I can write and design professional looking book covers. I also have a few marketing strategies of my own, and coupled with someone who is knee-deep in social media, I'm confident that together we could do quite well.

My question to you guys is this; is there anything wrong with this strategy of mine? Is there anything that strikes you all as unfair or impractical about it? Tough love is welcome, and I might add even useful.

In essence this is not unlike having a publisher. The only difference is that I'm not sitting on manuscripts for months on end waiting to find an agent. This way, while I'm out looking for agents, publishers, and the like, I'm also releasing a consistent stream of content with no operational costs, building my name, my sales numbers, etc.

Thoughts?
 

merrihiatt

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Whatever works for you. It isn't illegal or anything. I'm not really sure what gives you pause about the plan. Do you believe it is unfair or impractical?
 

mortimerjackson

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I always like to evaluate my decisions. Let's just say that I've made a few mistakes before, and I want to make sure that this idea of mine goes without a hitch.

I'm glad that you think it's sound.
 

valeriec80

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Sounds like a pain come tax time. If you're splitting the profits 50/50 with someone, whoever actually gets the money is going to have to issue the other a 1099, and I have no freaking clue how to do that.

If you've got this partner lined up, then I think it'll go off without a hitch. If you're looking for someone to be your editor and marketer for a profit share, I imagine you'll have a tough time finding anyone who thinks that sounds like a great deal for them.

Best of luck!
 
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