Here’s an extract from a must-read article on HuffPo:
“One of the things I learned is that publishers often change their contracts to give themselves more favorable terms. Agents who are paying attention pick up on the differences and understand the ramifications. Agents who aren’t, don’t.”
“… … a few year ago, Simon & Schuster removed four sentences from the end of the rights reversion clause. These sentences defined the sales threshold, which states that rights will revert to the author if the number of sales drops under a specified amount. Removing these sentences meant that if the publisher also bought digital rights, the book would in effect never go out of print, and the publisher would own the rights to the work in perpetuity.”
The article states that you can’t necessarily depend on your literary agent to catch these for you, so be vigilant about what you’re signing away.
Click here for the rest of the article.
Ebook bargains UK is offering ebook formatting & conversion from MS Word doc – Mobi, Epub and Smashwords-Friendly Epub – for £10 GBP.
They say — We just need the MS Word file and the largest cover image the author has available. We can email right back with a Paypal invoice and start work immediately
One of the questions I was asked in a recent interview – Can a newbie writer hope to make decent money out of self-publishing?
I was startled to see this question because it seems very obvious to me (and to a lot of other Indies, I’m sure) that self-publishing is where the money is. Where else can you expect to get royalties of 65-70%?
In traditional publishing the superstars – the Stephen Kings and the Nora Roberts – are the ones making serious money. Everyone else is obliged to hang on to their day jobs.
This is quite different from self-publishing where even mid-list authors – people you might never hear about – are quitting their day jobs because they are able to pay the bills. The reason you might never hear of them is that they need to sell a mere 75 ebooks each day at $2.99 in order to make a living. The amount people seem to agree is a living wage? $50,000.
But I guess all of this may not be very obvious to a lot of people, so I thought I’d point you to a couple excellent blog posts. You can decide for yourself.
The Passive Guy: Indie Authors Are Quitting Their Day Jobs.
The second post is by the amazing Hugh Howey: Newbie Author Declines $120,000 3-book Deal
Dan Poynter has compiled an amazing list of resources. Worth a look. I have my own list in the self-publishing basics section.
In a blistering post David Gaughran takes on a newly formed ‘self-publishing’ company (if you want to know why I use the quotes, check out my self-publishing basics. I’m going to be updating that post in a couple minutes) and the literary agents backing it.
Whether you’re a published author, or are considering it, this post is a ‘must read.’
Click here for the post.