I submitted to a small publisher, and they asked for a full.
I am not naming the publisher yet because I don't think it would be appropriate to publicly discuss the terms of an offer from a named publisher. This publisher has not been discussed in this forum.
I've had a very good exchange with the editor during which at her request I made ms changes that I believe improved the project substantially. Her participation in this effort indicates a strong interest in the work. She has definitely read both versions of the manuscript (about 90,000 words).
Also, given that she would not make an offer until she had seen a revised ms, I sense a serious attempt at publishing works of quality. Definitely not one of the PA-like firms that would publish anything.
FTR, the work is a spy novel set in the 1950s and 60s, and this is the only interest that I received in the work from the 30 or thereabouts queries I sent out.
She sent me the contract. I have the following concerns:
When I compare these terms to those in the contract that Musa Publisher (also a small publisher) offers, I am inclined to think that these terms (those of the unnamed publisher) are not author-friendly.
- Ten year term of contract.
- No advance.
- Low royalties with a graduated scale depending on number of copies sold. The range is from 4% to 10% of RRP for print edition and 5% to 11% for ebooks. (Needs sales of 20,000 to reach the highest percent. These are royalties for copies sold by the publisher directly to consumers. Copies sold through other distribution channels have lower royalites.)
- Low discount (7% of RRP) for author copies. (Goes up as copies purchased increases.)
- Publisher holds copyright.
But I have no experience with publishing fiction and have been out of publishing altogether for a number of years.
So, I toss it out for comment. Advice is appreciated.