sometimes we do ask for a subsidy, yes, I think I've said that. The last month I looked at in detail, last September, it was 3 new titles out of 30.
does that make us a vanity publisher? i don't think so. or those 3 books a vanity deal? I don't think so, given what we put into them.
I have to keep on saying.... look at the website, the whole user manual is up there if you go to imprint/submissions ( we don't expect authors to read the whole thing through, but refer them to relevant sections through the contract/editorial/production/sales/marketing/PR process).
if you click onto the "Proposal/contract" section, you'll find some copy there which I've attached below.
We change it every week as we learn more about publishing (I've been working in publishing for 40 years or so myself, but figure myself as a novice in these changing markets), and we're moving up to higher royalties on some of these, 25% throughout on print along with the 50% that's across the board already on digital, but at the moment, that's where we are.
I'm not embarrassed about the contract levels, and asking for a subsidy on some titles. I read every proposal that gets through the first filters, a few a day, and just say what i think - "how good is the ms, how many are we likely to sell" and that info is up there for the author to see, along with the other reader reports (and, later, the monthly sales info, the marketing info, etc).
I think all we're doing is being honest about it ("why should the vast majority of books that lose money be subsidized by the few authors who do"etc...) rather than spending $tens/hundreds of millions on buying up vanity publishers, like all the big six and others are doing. Or getting the libraries/taxpayer to subsidize the books with academic prices. -
I'ld have been really happy to talk about whether these terms are fair or not, how they could be improved, whether they can be, what the right balance is in the author/publisher/reader equation, but, hey, I can't get into correspondence when you haven't looked up what we already say.
And we have this kind of correspondence going on within the business, among authors/publishers, every day, so it's hard to take time out to get onto a forum which doesn't know where we're starting from.
so, as regards subsidies, sure, if, you, "veinglory", for example, came to us with a proposal for a new book, we look up the figures; your three books have sold 26, 113 and 172 copies through the book trade in N America in total, according to Nielsen Bookscan (nothing confidential here, it's available to every bookseller). The amazon ranking on the top one is around 350,000, which probably means a handful of copies at best over the last year. Maybe there's a load of stuff happening somewhere that I'm not seeing (we try and look into it).
But on the info we'ld have, could we push that into the trade? No, because it takes retail buyers a few seconds to look up the same figures. So we read the manuscript, we try and figure out "is there more about this book that would sell than the previous ones? what can we add to it? Is that enough to make it work?" And we make a judgement.
The default position for us here, on this one, (in the absence of other info from you, and however much the readers like the manuscript, they're usually too optimistic), is likely to be that there would be an element of subsidy involved; online promotion would be the best bet (because there's no chance of getting it into the trade, because they know the figures too), with a $3 kind of price, and on that we pay 50% royalty, so there's no margin on it for us (after the editing, distribution of info, preparing the sales sheets and so on) till it's really successful. And there are tens of thousands of these kind of books around - "good, but haven't sold yet".
And we want to make them work, but if we took on everyone we'ld be bust by Christmas. Because we need to pay copy editors,designers, printers, marketing/sales/PR people, etc., there are a dozen people involved in bringing out any one book, and a lot of info/systems cost, and you can't pay them on books that sell a hundred or so copies (hard enough on ten times that, unless we charge academic prices).
So we're giving an option to authors. We try and add more value every month to what we can do for them. W~e're developing reader/author communities on a number of imprints, check out moon Books for instance. If authors don't want to take the contract offered, if they want on keep looking for one of the big publishers, or an agent, or self-publish, hey, that's fine..... great...we encourage it....
I think we know what we're doing, and that it's going to work, it's a different model; could of course be wrong there. But i can't get into indefinite correspondence like this with pseudonyms, a website funding by advertising, etc, too much work to do with the authors we have, it's not fair on them. I'm sorry to have troubled you, this was a mistake, I shouldn't have got on here, the tone seems to be "author versus publisher", whereas we're trying to be more "author to author" -I'll unsubscribe.
john
What are your contract terms?
Contract levels
The Publisher of the imprint offers a contract based on the Reader Reports.
Key points;
On every contract level-
Every title is published in print and as an ebook.
E Books are 50% royalty throughout, on net receipts (less a small deduction on royalties for conversion costs, see Ebooks).
Subsidiary rights; 60% in author's favor. No "non-book" rights like film etc included.
Every manuscript is copy-edited. Every title is marketed, and gets a certain amount of promotion, more in Marketing introduction, particularly the section What do you do on marketing?
The royalty on print editions, in terms of the number of copies it is paid on, varies between levels 1 and 2, and on levels 3 and 4 there are varying levels of author subsidy.
To get a feel for how titles usually sell, in the industry as a whole, see Estimate of likely sales.
CONTRACT LEVEL 1
Titles that look like they could sell in five figures. The author has a track record of that, in the last 3/5 years. Or, if a first time author, it’s an outstanding text, tailored to the right market. The name is recognizable to a bookshop buyer in that subject area, in both N America and the UK, and/or there are compelling endorsements from recognizable names. The buyer thinks “this is one we have to stock”.
"Net receipts", throughout, is the money we actually receive from retailers/readers/distributors, we do not deduct anything to cover our own costs.
E Books; 50% throughout, on net receipts (less a small deduction on royalties for conversion costs, see Ebooks).
Printed books; 10% on net receipts on the first 10,000 printed copies, 15% from 10,001 up to 25,000 copies, 20% from 25,001 to 40,000 copies, 25% thereafter.
Subsidiary rights; 60% in author's favor. No "non-book" rights like film etc included.
Price list A. For retail price list, see Price. Our average word count per printed page is 300.
Publication schedule; six months from finished files.
Includes;
· Blurb, author info and other book information edited.
· Distribution of title information to all databases, wholesalers and online accounts worldwide.
· AIs (advance information sheets) and presentation to all major retail accounts in N. America.
· AIs, presentation to all major accounts in UK.
· Trade copies offered to trade magazines; PW, Bookseller, etc., offered in programs such as Advance Access.
· Title information distributed to subscribed independent retailers (via mailing).
· Special Amazon promotion and co-op advertising with wholesalers such as Ingram, Bertrams, Gardners.
· Electronic review copies and hard copies where requested (unlimited within reason).
· High profile presence in JHP mailing to retailers, media and foreign rights.
· Writing press release and distributing to all subscribed relevant subject/category contacts.
· A PR program tailored to the author and the book; building author profile on general and author sites; raising profile on online retail sites; push for articles, reviews, prizes. A further PR push whenever 500 copies are sold through the trade and online.
CONTRACT LEVEL 2
Likely sales in the thousands. Great text, right presentation. Author is more likely to be known nationally than internationally. Has or will get good endorsements from key figures. Author has a good “platform” and is active. The main push on sales is either in N America or UK rather than both.
E Books; 50% throughout, on net receipts (less a small deduction on royalties for conversion costs, see Ebooks).
Printed books; no royalties on the first 1,000 copies, 10% on net receipts 1,001 to 10,000 copies, 15% from 10,000 up to 25,000 copies, 20% from 25,000 to 40,000 copies, 25% thereafter.
Subsidiary rights; 60% in author's favor. No "non-book" rights like film etc included.
Publication schedule; three complete months from finished files. We ignore the current month, so files finished in January will be scheduled for publication in May.
Price list B (except for fiction, which is A). For retail price list, see the help icon against "Price". Our average word count per printed page is 300.
Includes;
· Blurb, author info and other book information edited.
· Distribution of title information to all databases, wholesalers and online accounts worldwide.
· AIs (advance information sheets) and presentation to all major retail accounts in N. America.
· AIs, presentation to all major accounts in UK.
· Trade copies offered to trade magazines; PW, Bookseller, etc., offered in programs such as Advance Access.
· Title information distributed to subscribed independent retailers (via mailing).
· Unlimited electronic review copies and up to 30 hard copies (additional at author expense).
· Lower profile presence in JHP mailing to retailers, media and foreign rights.
-A PR program tailored to the author and the book, building author profile on general and author sites; raising profile on online retail sites; push for articles, reviews, prizes. A further PR push whenever 500 copies are sold through the trade and online.
CONTRACT LEVEL 3
Likely sales in the high hundreds/low thousands. Could be a great text, but the author isn’t particularly “known”. Could do a lot better on the sales if it spreads by word of mouth, if pushed through activities, networking – but a buyer is unlikely to stock many, or any, initially.
E Books; 50% throughout, on net receipts (less a small deduction, see Ebooks).
Printed books; no royalties on the first 1,000 copies, 10% on net receipts 1,001 to 10,000 copies, 15% from 10,001 up to 25,000 copies, 20% from 25,001 to 40,000 copies, 25% thereafter.
Subsidiary rights; 60% in author's favor. No "non-book" rights like film etc included.
Publication schedule; three months from finished files.We ignore the current month, so files finished in January will be scheduled for publication in May.
Price list B (except for fiction, which is A).
Author contribution; £10/$16 per 1,000 words.
Includes;
· Blurb, author info and other book information edited.
· Distribution of title information to all databases, wholesalers and online accounts worldwide.
· AIs generated and presented to selective relevant accounts.
· Title information distributed to subscribed independent retailers (via mailing).
· Electronic review copies sent by author, 10 promotional copies sent to author (in addition to 12 free in contract).
· Lower profile presence in JHP mailing to retailers, media and foreign rights.
-A PR program tailored to the author and the book; building author profile on general and author sites; raising profile on online retail sites; push for articles, reviews. A further PR push whenever 500 copies are sold through the trade and online.
CONTRACT LEVEL 4
Likely sales in the low hundreds or less. Good material, worthwhile publishing, could find its own niche, could do well, but it’s a long shot.
E Books; 50% throughout, on net receipts (less a small deduction, see Ebooks).
Printed books; no royalties on the first 1,000 copies, 10% on net receipts 1,001 to 10,000 copies, 15% from 10,001 up to 25,000 copies, 20% from 25,001 to 40,000 copies, 25% thereafter.
Subsidiary rights; 60% in author's favor. No "non-book" rights like film etc included.
Publication schedule; 3 months from finished files.We ignore the current month, so files finished in January will be scheduled for publication in May.
Price list B (except for fiction, which is A).
Author contribution; £20/$32 per 1,000 words.
Includes;
· Blurb, author info and other book information edited.
· Distribution of title information to all databases, wholesalers and online accounts worldwide.
- A PR program tailored to the author and the book; building author profile on general and author sites; raising profile on online retail sites; push for articles, reviews. a further PR push whenever 500 copies are sold through the trade and online.
etc..
john