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Thread: Cool Gus Publishing (formerly Who Dares Wins Publishing) (Bob Mayer)

  1. #1
    On a wing and a prayer aruna's Avatar
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    Cool Gus Publishing (formerly Who Dares Wins Publishing) (Bob Mayer)

    Totally on a whim I submitted my out-of-print first novel to an E-Publisher that specialises in backlists and out-of-print books. I got the following reply the next day:

    "We are interested in republishing your work in eBook format. We offer 50% royalty on gross profit. We provide cover design, file conversion and upload to all the major eBook stores. We will promote your book in social media, however, it is important for the author to promote their own work. One of our authors is a social media expert for writers and is always willing to help out our authors with ideas and cross promotion. "

    Is that a good offer or not?

    I told them I would get back to them in due course. Actually, I have two other options I would consider before accepting that offer; one with my agency which is starting an E-publishing branch, and another with a small but up-and-coming print (and e-book) publisher.

    So, how does that offer sound? What are the loopholes? What to watch out for? I'm new at this and basically never even considered the E-publishing routre until a few weeks ago.
    Last edited by aruna; 10-11-2011 at 08:37 PM.
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  2. #2
    Crypto-fascist Soccer Mom's Avatar
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    A couple things to think about. I consider epublishing an intermediate step between commercial publishing and self-pub. You get a bigger piece of the pie with e-pubs, but it is a smaller pie. The pie is growing, but it's still less than what you would make with the Big Six (although not always and not for certain authors).

    I choose epub because of what I write. Epub is great for certain things and backlists are one of them. The first thing is to look at B&BC and see what others say about the company and contract. Are they up front about who works there and their industry experience? Do they have a good reputation?

    Amount of royalty is good. 50% is top of the industry as standards go. Also, look at the term of contract. Anything more than 2-3 years would make me nervous. I'd be willing to gamble a backlist book for that long, but if you aren't happy, you don't want to be locked in for 7 years.

    Carefully read the contract and pay attention to things like reversion clauses. What happens if they suspend operations? What happens if they are in breach of the contract? WHat if you or they want to terminate the contract early? Is there a mechanism for doing so?

    Play around on their website. Look at the covers. Is the website easy to use? DO the covers look professional? Now go to some third party sites and look for their books. Make sure that what you find on their websire is found on other sites. Buy a few of their books. Are they properly formatted or riddled with errors?

    Hope those give you a jumping off point in making your decision.
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  3. #3
    On a wing and a prayer aruna's Avatar
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    That's an enormous help. I wouldn't have known to ask these questions! Thanks so much.
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  4. #4
    On a wing and a prayer aruna's Avatar
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    I couldn't find them on P&E but this is their website. Anyone have any experience? Should I post a thread in Bewares, Recommendations and Background Checks?

    ETA: I haven't got sn ereader. But I guess it's time to download the Kindle on my laptop...
    Last edited by aruna; 10-11-2011 at 06:50 PM.
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  5. #5
    phoenix blazing Parametric's Avatar
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    What does "gross profit" mean? You might want to have this defined - there's a risk that they might decide that "gross profit" comes after they've paid everyone else, leaving you 50% of not very much.

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    volitare nequeo AW Moderator veinglory's Avatar
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    50% of "gross profit" might not be good.
    Emily Veinglory

  7. #7
    carpe libri Amarie's Avatar
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    "Gross profit" is the slippery slope. So do they mean you would get 50% of the 70% royalty Amazon offers for ebooks over 2.99? I hope someone with more experience posts on this, because it appears to me you would need to get some very specific details about how exactly they would promote your work for that cut. The uploading part, if you don't want to tackle it yourself, is something you can pay someone a one-time fee to do.
    Last edited by Amarie; 10-11-2011 at 07:56 PM.

  8. #8
    Holding out for a Superhero... Sheryl Nantus's Avatar
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    I'd be wary of any new publishing house, especially one set up specifically to sell the owner/creator/boss.

    Other much more established epublishers are dealing with backlists. Samhain, for one, has a Retro Romance and there are others with a lot more experience and framework than this outfit.

    Even with your backlist you need to be careful - right now I see a lot of start-ups and small publishers racing to get into the business with little understanding of how publishing works - aside from selling to their own authors and bashing trade publishers.

    Just my opinion but I'd turn away. Not because of their terms, which are rather shaky to start with, but because it's a company based around one man's books/backlist, giving workshops and selling to other authors. I don't see how they're going to do anything for your book that you can't do yourself or can't have done BETTER by established epublishers who know what they're doing.

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    volitare nequeo AW Moderator veinglory's Avatar
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    When I posted a blog post about WDW as it looked last year (I wasn't overly impressed): http://www.eroticromancepublishers.c...ublishing.html

    The owner replied: "Well since the latest thing on the bio of the author who runs this site is 2008, I suggest she focus more on getting current with her own material than going around commenting on others. We started our company in 2010 and learned a lot on the way, including redoing our web site. Why a site that focuses on erotica lists us is beyond me, since we don't list that on our submissions page. Ye ole' not paying attention to detail, I suppose.
    All in fun, of course."
    Emily Veinglory

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    Quote Originally Posted by veinglory View Post
    The owner replied: "Well since the latest thing on the bio of the author who runs this site is 2008, I suggest she focus more on getting current with her own material than going around commenting on others.
    Lovely way to make friends and influence others.

  11. #11
    On a wing and a prayer aruna's Avatar
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    Note to mods: mistake in subject title! It's Who Dares Wins Publishing.The name had me a bit confused myself; I thought it was a question.
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    ~ Rumi

  12. #12
    Requiescat In Pace Requiescat In Pace
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    Fifty percent is NOT the top amount I've heard of or investigated for e-book royalties. I've seen 70 and even 80% from other companies.

    And if your royalties are based on some variation of "net," make sure your contract defines "net" as specificially as possible, so you know what you're dealing with. Also check the Amazon e-book (Kindle) ratings for the books the company publishers. If all the e-books have ratings that are in the six figures, that doesn't augur well.

    Just a few suggestions based on my own recent experience in signing a contract to bring my StarBridge series back as e-books.

    -Ann C. Crispin

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    Ah, the Del Boy boyz.

    Nice.

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    Mostly Harmless SuperModerator CaoPaux's Avatar
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    Quote Originally Posted by aruna View Post
    Note to mods: mistake in subject title! It's Who Dares Wins Publishing.The name had me a bit confused myself; I thought it was a question.
    I'm now tempted to insert random apostrophes. Just how does one parse "who dares wins"? </undercaffeinated>
    ICAO
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    Cluck that. Twizzle's Avatar
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    Quote Originally Posted by aruna View Post
    Totally on a whim I submitted my out-of-print first novel to an E-Publisher that specialises in backlists and out-of-print books. I got the following reply the next day:

    "We are interested in republishing your work in eBook format. We offer 50% royalty on gross profit. We provide cover design, file conversion and upload to all the major eBook stores. We will promote your book in social media, however, it is important for the author to promote their own work. One of our authors is a social media expert for writers and is always willing to help out our authors with ideas and cross promotion. "

    Is that a good offer or not?
    Just curious, and it's an aside, but have you considered just doing it yourself? Instead of giving out a chunk from royalties you can just hire out for flat fees?
    "You're not a schmuck. You're just sort of a schmuck."-Giant Baby 2010

    "Actually, I take that back. There's no 'sort of' about it."-Giant Baby 2011

  16. #16
    On a wing and a prayer aruna's Avatar
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    Thanks to everyone who has replied.

    Quote Originally Posted by Twizzle View Post
    Just curious, and it's an aside, but have you considered just doing it yourself? Instead of giving out a chunk from royalties you can just hire out for flat fees?

    That's the very last thing I want to do.... I'm much too much of an amateur in all areas of publishing, and just thinking of "doing it all myself" gives me a headache. I love the old model of publishing -- putting the manuscript into the hands of experts and letting them do it for me. I'm happy to give out chunk of my royalties for that luxury; it's time that is at a premium with me. (As well as energy; I'm a senior longing for retirement, not to starting a new career in (self) publishing!)
    That's why I want a partner in publishing. Perhaps if I were 30 and just starting out it would be different.
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    Quote Originally Posted by CaoPaux View Post
    I'm now tempted to insert random apostrophes. Just how does one parse "who dares wins"? </undercaffeinated>
    "He who dares, wins."

    Only people who take a dare will achieve victory.

  18. #18
    Live a little. Write a lot. Karen Junker's Avatar
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    I can't give any insights as to the contract, but Bob does a huge amount of promotion of the company--he speaks at a lot of writers' events all around the world.
    Karen Junker
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  19. #19
    Mostly Harmless SuperModerator CaoPaux's Avatar
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    Quote Originally Posted by Miss Plum View Post
    "He who dares, wins."

    Only people who take a dare will achieve victory.
    Huh, thanks.
    ICAO
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  20. #20
    Mostly harmless SuperModerator dpaterso's Avatar
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    Quote Originally Posted by CaoPaux View Post
    I'm now tempted to insert random apostrophes. Just how does one parse "who dares wins"? </undercaffeinated>
    Slight thread derail, but this is the motto of several military special forces including the British SAS.

    -Derek
    The Sunday night Flash Fiction Challenge! Write a story in 90 minutes! If you dare.
    The challenge is open all week, all welcome. Check out FFC forum (password=flashed)
    This week's intrepid authors who dared: lilyWhite and me. Is there no one else?! ~Brad


    My web page! Published short stories & novellas,
flash stories, Sci-Fi webcomics, omg screenplays too, lol
Does the excitement never end?!

  21. #21
    Cluck that. Twizzle's Avatar
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    Quote Originally Posted by aruna View Post
    I'm happy to give out chunk of my royalties for that luxury; it's time that is at a premium with me.
    You don't have to do it yourself. There are reputable companies that can provide these same services for you for flat fees, rather inexpensively. I've repped you the name of two I've used. You don't have to pay royalties. Just thought it might be something to consider. Good luck however you go.
    Last edited by Twizzle; 10-12-2011 at 12:21 AM.
    "You're not a schmuck. You're just sort of a schmuck."-Giant Baby 2010

    "Actually, I take that back. There's no 'sort of' about it."-Giant Baby 2011

  22. #22
    Cluck that. Twizzle's Avatar
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    Quote Originally Posted by dpaterso View Post
    Slight thread derail, but this is the motto of several military special forces including the British SAS.

    -Derek
    Bob was a Green Beret, spec ops, and all that. Hence, the name.
    "You're not a schmuck. You're just sort of a schmuck."-Giant Baby 2010

    "Actually, I take that back. There's no 'sort of' about it."-Giant Baby 2011

  23. #23
    Grr. Argh. Thedrellum's Avatar
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    Things I noticed immediately about the site:

    1. They're selling MP3s and CDs (using an apostrophe so that the CD's appear to be owning something).

    2. They misspell the name of the flagship republished series they tout as what led them to create the company. (It's the Atlantis series, but they spell it as Altantis.)

    3. Also, it looks like Mr. Mayer made his own Wikipedia page. I'm not sure why that turns me off, but it does.

    Anyway, I'd pass.

  24. #24
    starting over Marian Perera's Avatar
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    Quote Originally Posted by Paul View Post
    Ah, the Del Boy boyz.
    That gave me an Only Fools and Horses flashback too.

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  25. #25
    Crypto-fascist Soccer Mom's Avatar
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    [QUOTE=AC Crispin;6634430]Fifty percent is NOT the top amount I've heard of or investigated for e-book royalties. I've seen 70 and even 80% from other companies.

    QUOTE]

    Wow, that's fantastic! I've never seen anything above 50% I'm curious if that's for new ebooks or just re-releases where they books have already been edited.
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