THE TRAVAILS OF AN ASPIRING AUTHOR – PART 3
Well, if you thought I had dished out all of the eye-catching stuff, you would be mistaken.
I am going to share with you the story of a new kind of publisher, a hybrid variety. You may be surprised to know that the wolves have evolved and have developed a subtle camouflage. They now sport stripes making it impossible to recognise them as belonging to the same species of their cousins described in Parts 1 and 2.
Hats off to these guys!
Now imagine, you have been spurned by the traditional publishers and then had a bad experience with a self-publisher to boot, where do you go?
That is where the hybrid variety tries to snuggle himself in. His pitch is simple and straightforward and it goes something on the following lines.
“The traditional publisher has done a grave injustice by declining such a work of merit. Also, you have done the right thing by refusing to foot the entire cost of publishing which would have enabled the self-publishing company to line their pockets. Rest assured that you have finally arrived at the right place and you are now in safe hands.”
“To tell you the truth, we are very selective about the books that we accept. In fact, we limit them to a maximum of 10 to 12 in a year, the main reason being we concentrate on making each of our books a total success. If you go through our website you can see the results for yourself. However, we believe that it must be a combined effort with the author contributing equally to that success …”
At that point, the core theme of their new conception is presented to you, i.e. partnership. It may be 80:20, 75:25, 60:40 or even 50:50 of the project cost. (It seems familiar, doesn’t it? Come to think of it, those lines appear in the real estate agents’ advertisements and these guys seem to have got the idea from there and tweaked it!).
Now, we come to the bone of contention – the estimated cost of the project! One can easily play around with it, can’t one? Take for example the case of 80:20. If the cost is estimated at say 8 lacs rupees, the author’s share works out to 1.6 lacs, for 7 lacs it is 1.4 lacs, for 6 lacs it is 1.2 lacs and so on. By simply hiking the cost estimate, the author can easily end up paying an exorbitant amount!
Another important factor is the percentage of royalty. The author has to ensure that it is commensurate with his contribution and that the publisher doesn’t get away with paying a pittance.
I reluctantly must end this post, but with an assurance that I shall be back with more, interesting ones, on equally fascinating topics. I hope you will continue visiting my blog. I look forward to sharing my experiences with you.
Walter Salvadore Pereira