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so after all that back and forth, they are vanity ? That took a while to come out....
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I had the pleasure of working through a contract with Pandamoon Publishing. The people there are very friendly and seemed to want to put much emphasis on marketing. We ended up on not signing an agreement, because I just didn't feel comfortable with their expectations on $$$ . What are your thoughts? Shouldn't these be covered by the publisher?
V. COPYRIGHT The Author shall secure US and other appropriate copyright to the work at Authors' expense. Copyright: The author warrants that this work is not currently in the public domain. When this work has been copyrighted, a photo-copy of the copyright registration shall be submitted to the Publisher. It is understood that all rights to print or publish Work in any form do hereby remain the exclusive right of Pandamoon Publishing. The publisher shall to the best of its ability ensure that the copyright notice shall appear in accordance with U.S. Copyright Law, showing the author (or duly assigned representative or entity) as the owner and holder of the copyright to the work.
THIS NEXT PART SCARES ME the most, because it kind of feels like I'm not only committing my time and effort into the book but ALSO $$$:
1. Net Profit is defined as retail/sale price for the Work or portion of the Work less distribution cost, commissions, fees for returns, discounts and fees including credit card transaction fees, plus agreed to production, marketing, printing, and other Fees when applicable. Agreed to Fees directly affect the Royalty percentage in this agreement. If the Author declines any of the stated fees, the Royalty percentage in Clause 1 will be adjusted to reflect that decision. Optional not to exceed costs for Production and/or Marketing may be negotiated at time of this agreement and must be indicated in the areas noted.
2. Agreed to Fees:
a. Commissions, returns, discounts and fees including credit card transaction fees: Required
b. Production: Includes actual cost of editing, cover art, formatting, and printing for the Work to all publication standards, and conversion to each publishing platform. Accept ____________ Not to exceed $ TBD.
c. Marketing: Advertising, Press Relations (PR), and general promotion of the Work. Accept ____________ Not to exceed $ TBD.
d. Printing: Print on demand shipping, handling, and production fees will apply to each book sold. Short or long print run payment will be negotiated at time of commitment. Accept_______________ Decline____________ (Please initial one choice)
e. Other Fees: ______________________________________________________ Accept_______________ Decline____________ (Please initial one choice)
As far as marketing, I've been published by indie pubs and self published and believe me most publishers no longer front generous marketing budgets. They usually have a few review sites they submit to but these days authors are responsible for getting their own work out there and hustling it themselves even at large pub houses.
Just posting my two cents' worth on PandaMoon.
As far as marketing, I've been published by indie pubs and self published and believe me most publishers no longer front generous marketing budgets. They usually have a few review sites they submit to but these days authors are responsible for getting their own work out there and hustling it themselves even at large pub houses.
*waits for the published-by-large-publishing-houses AW regulars to correct this misconception*
--is pretty common with small presses, but it's not the case at the big houses or at larger independents.They usually have a few review sites they submit to but these days authors are responsible for getting their own work out there and hustling it themselves
I took a look at the contract terms quoted here and they are not standard. Reputable publishers don't charge production costs back to the author, or pay royalties on net profit.I know what a basic standard contract looks like and have signed them so if anything looks suspicious I'll try to let people know.
She told me that her contracts guy, which is her husband, Allan, would contact me soon to go over the contract. She told me that they would send me the contract as a Word document with track changes turned on so I could make whatever changes I might want to see in the contract. She made a big deal out of wanting me to take my time and be comfortable with the contract.
I got the contract and read through it. The thing that struck me right away about the contract was that Pandamoon was buying rights for things other than what they needed in order to publish the book, things like film rights, foreign language rights, merchandising and such. From what I've heard in the business, that's often a bad sign. Still, it wasn't like there was a line of publishers or agents beating down my door to publish my work. I figured it would be, at worst, a loss-leader that would help me build my brand, build up an audience, even if the terms weren't all that great. I could live with it.
I did make a few changes in the contract, things I considered minor.
First, I'm a graphic designer, and as such, I had a few ideas about cover design and such. If you've seen the covers of the books Pandamoon has put out, you'll see that, while they aren't bad, they aren't necessarily the best, either. I wanted to put my best foot forward with this book, so I asked to be involved in the cover design process. I didn't demand final approval or anything like that. I just asked to have my ideas considered.
There was also a provision in which the author (me) agreed to make any changes required by the publisher (them). I didn't really care for that. I'm sure it's probably a standard sort of thing, but I did change that language to say that I would consider their required changes.
There was another part of the contract that I asked to have clarified that could have been interpreted to say that Pandamoon would continue to own my book even after the end of the contract.
A few days later, I received an email from Allan which said, "I have reviewed your requested changes with our partners, and we have decided that your request over control and oversight of cover design and editing creates a situation that we cannot agree to. As such, we have decided to retract our offer to extend a contract for your book."
Let me tell you, this was a blow. Mom was getting better, but things were still difficult.
I received a request from them during a Twitter pitching contest as well (#AdPit), but after reading everything here, I'm thinking that's not such a good idea
Thank you for everyone's input - I really love and appreciate this forum!
In their FAQ section, there were two things that basically made me decide not to submit, since it just wasn't what I was looking for (not to mention, reading more negative reviews and comments than positive ones):
"If the book exceeds its projections, then we will consider moving to mass printing and distribution for booksellers nationwide."
&
"Rather than giving our authors an advance on future sales, we invest those funds into strategic marketing tools for the book, thus creating a more profitable and long-term success for all of us."
You're right. That's an impossible plan. It's disturbing that PandaMoon doesn't know it's impossible.A publisher can't get a distributor to work with them for just one book: distributors don't work that way, they work with all of a publisher's titles. And even if it could, I don't think this publisher would interest a distributor. They usually will only work with publishers which can demonstrate a history of good sales for their print editions, and strong publishing and marketing plans for all of its titles.
What I hear them saying is that they won't make any significant capital investment in your book. Only if you've already sold enough copies to make it a risk-free proposition will they put in any money of their own -- but since they haven't given you proper distribution from the start, the chances that your sales will reach that level are practically zero.Good trade publishers usually manage to both market their books AND pay their authors decent advances. This isn't a reasonable argument, in my view.