Polybius Books:
We see our independence as our greatest strength. Vitally, it gives us the flexibility to publish what we like, in the volume we see fit, free from the constraints of a parent company.
I don't see what the relationship is between having a parent company and being independent. A parent company is just a type of company structure that relates to share ownership.
Polybius Books:
A Polybius title will exist because it deserves recognition outside the mainstream.
When a new publisher makes statements like this and the only book they have published is that of the owner, then it suggests that the owner couldn't get their book published through the mainstream. I don't have anything against self-publishing (it's a perfectly good choice if you go in knowing of the risks) but one person's self-publishing experience doesn't qualify them to offer publishing services to other people.
Polybius Books:
As the digital age reshapes the literary landscape, and a culture of instant gratification takes hold, gifted writers are often overlooked.
Bullshit and sadly, the kind of bullshit that usually comes from people who couldn't get a commercial publisher and decided to go down the self-publishing route.
Electronic publishing makes it easier for anyone to release their book but it is (as it has always been) the market that determines whether the book is a success.
Polybius Books:
our quest to find and nurture these, we publish a diverse range of titles:
- Literary fiction: traditional and edgy
- Quality genre fiction: crime, mystery, thriller and historical
- General non-fiction
They'd be better off focusing on 1 or 2 particular genres (e.g. literary and crime) than in including non fiction as well as it will enable them to target their marketing more effectively and build a reputation.
Polybius Books:
If your manuscript is accepted, it will be treated to the highest standards of editorial scrutiny, with close collaboration between author and editor on content, design, distribution and marketing.
This suggests that the company is a one-stop shop with one person editing, designing, distributing and marketing. As
aliceshortcake has said, there's nothing to indicate that Adam Kolczynski has any experience of this, which means he's on a learning curve and you're a guinea pig.
Polybius Books:
We’ll do our utmost to secure a cross-section of review articles.
Publishers can and should send out review copies for books ahead of release in order to get attention for their product, but they can't "secure" reviews.
Polybius Books:
We’ll handle subsidiary rights, as well as foreign sales and translation rights.
Erm, no. They shouldn't be taking subsidiary rights or translation rights. What this basically means is that they're taking all rights when they've got no track record of being able to sell them.
Polybius Books:
Remember – we have a financial and personal stake in your writing, so your success is inextricably linked to ours.
Unless they're paying authors an advance for books (and I see nothing to suggest that they are), then Polybius is in complete control of how much it has at stake and I would suggest that this isn't a huge amount given the lack of experience in the field and the fact that they're using POD and don't seem to have in-store distribution in place.
Polybius Books:
The royalty rate depends on whether your book is hardcover, trade or mass market, and can vary from 9% to 13% of net. We pay royalties on a six monthly basis.
I'd want to know how they define net. Royalties on physical books should be paid on cover and for a start up, I'd want a higher royalty rate than what they're offering (ideally around 40 - 50%) - bearing in mind that you only get royalties with sales, so a high royalty rate is meaningless if they can't sell copies of your book.
Polybius Books:
An aspiring Polybius author should be promotable.
No, the book should be promotable.
Polybius Books:
Launched in April 2011, Ignis is the self-publishing imprint of Polybius Books.
There's a potential conflict of interest in running a self-publishing arm with a royalty only paying arm because of the potential temptation to nod people towards self-publishing in order to get the fees. I'd be inclined to ask questions given that the only book put out on the royalty-only basis belongs to the author, whereas they've put out (or are putting out) 5 books through the paid-for self-publishing arm. Does this mean that the self-published books help fund the royalty-only arm?
Polybius Books:
Ignis is the only company to offer ALL of the following – and deliver every time.
- Editorial excellence
- Bespoke cover design. No templates – ever.
- Access to world-class printers
- True bookstore quality
- Self-published author keeps 100% royalties and 100% copyright
- A global sales platform
- Our publishing and PR contacts
- Our social media savvy
- Peerless dedication and ultra-swift response
- A free Kindle 3G + Wi-fi if you self-publish with Ignis before Easter Sunday 2012
- Kudos. Most self-publishers take on everything that comes their way. Ignis is different. We stake our reputations on being selective.
- No VAT. We charge what we quote.
- We accept payments in all major currencies.
What a load of bollocks.
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Editorial excellence They don't seem to have any qualified or experienced editors on staff, so I'd have to question this.
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Bespoke cover design. No templates – ever. Other self-publishers will allow people to either upload their own covers or have cover designs ready to hand. There's nothing new or innovative about this.
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Access to world-class printers. This is mealy-mouthed nonsense. For starters, what is a "world class printer"? Surely it's someone who publishes books that stay together. That's a basic and not an advertising point. Besides, having access to a world-class printer isn't the same as using a world class printer and I notice they don't promise that in their spiel.
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True bookstore quality. More mealy mouthed bullshit. Bookstore quality is immaterial if they can't physically get your books into stores. Given that they can't seem to do this for their royalty-only arm, what are the chances of them doing it for self-published authors?
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Self-published author keeps 100% royalties and 100% copyright. Authors should always keep 100% of the copyright. What they lose is the first publishing rights, which in this case they would have to give to Ignis. As for keeping 100% of the royalties, that's great but it's dependent on sales and bearing in mind you'll have spent money up front, you'll have to factor in the number of sales you need to make just to break even on that initial "investment".
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A global sales platform. More mealy mouthed gobshite. I suspect this means that they can list you on databases accessible worldwide. Woopie do. It rarely translates into sales if the publisher isn't doing anything to distribute or make sales.
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Our social media savvy. Excuse me while I fall about laughing. A Linked-In profile is not social media savvy.
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Peerless dedication and ultra-swift response. And? This is easy to say, not so easy to quantify and ultimately meaningless unless it achieves book sales.
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A free Kindle 3G + Wi-fi if you self-publish with Ignis before Easter Sunday 2012. Or, you could just buy yourself a Kindle and not go to the expenditure of paying to publish.
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Kudos. Most self-publishers take on everything that comes their way. Ignis is different. We stake our reputations on being selective. Oh please. Where's the kudos in paying to publish with a start-up that only has 6 books released and whose only publishing experience is through publishing the owner's own book?
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No VAT. We charge what we quote. I'll be sure to pass that on to Her Majesty's Customs and Excise. I believe I'm right in saying that this is a VAtable service, which means that VAT is charged. Under the VAT Act 1994, prices are deemed to be inclusive of VAT unless expressed otherwise. Therefore, the fact that iIgnis don't split out the VAT section doesn't mean that they're not charging you VAT. If they say different, then definitely have a chat with your friendly Customs officer because I'm sure they'd be fascinated to hear about it.
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We accept payments in all major currencies. Yeah. This is such a unique selling point ...
Polybius Books:
We're open to all genres, including specialist non-fiction. Novels, screenplays, corporate literature and poetry anthologies are welcome, as are collections of short-stories.
Yeah, remember Ignis's claim to be selective? That doesn't seem to ring true given that they'll accept anything and everything (including poetry, which is notoriously difficult to sell).
In other news Polybius Limited is a duly incorporated company but its share capital is only £1 and it seems to be running out of a residential address. This means that if it goes under and owes you money, it would be open to question whether they've got enough to pay you and they don't seem to have any significant company assets.
anneboleyn:
I'm pretty new to all this (never been published or had an agent) Thank you very much, I am steering well clear of this one!
The thing with start-ups is that so many go bust in the first 2 years of trading and when they do they usually take your rights with it.
The best advice I can give you is to do a lot of research on publishing and how it works before you submit anywhere. The Writers and Artists Yearbook is a great place to start as it will take you through the different options and the process.
My recommendation would almost always be to see if you can get an agent first. The UK is a small market and most of the commercial publishers are closed to public submissions (although some good niche publishers will still take a look). You can check out these Forums for information on particular agents or publishers to get a handle on submission requirements and response times.
MM