Small Press: How Solvent?

After an agent accepts our manuscript, euphoria erupts. We turn virtual handsprings and tell everyone the good news.

Your words. Your manuscript. You dream of the New York Times Bestseller list, fame, money, news conferences. But, not so fast.

The agent who you worshipped, the one who offered you a contract, just quit her job at the literary agency. And the agency isn’t interested in your baby. So, you begin again to find representation.

Or let’s say you submitted to a small press. They accept and seem to adore your writing. You sign a contract and you are back in business.

Then, the unthinkable happens and the publisher declares bankruptcy and all your efforts are for naught.

So, what are some of the reasons?

My publisher, Musa, was amazing. To all their authors and

employees, Musa seemed solvent. I received my checks on time and they answered emails promptly. Sadly, I didn’t appreciate how fantastic they were until after they shut their doors two years ago.

The publisher seemed to be going strong. They’d hired more staff, publicists, editors, and creative talent. E-books were offered rather than print. An E-zine was popular. And yet, they couldn’t do it. Maybe they tried to expand too much, an overload of authors. Don’t know. Bottom line, it didn’t work out.

But they did right by us. They promptly return our rights and we received our last checks, every penny.

Example of another, less scrupulous publisher is All Romance e-Books, ARe. They gave their authors three days notice and generously offered ten cents on the dollar for the last quarter.

They came to the decision to keep ninety percent for themselves, you see, so they can avoid bankruptcy. Not that they weren’t raking in the cash. They just decided to keep it.

All the time, they were offering gift cards before Christmas and asking authors if they wanted to advertise on their site. I received a request about the middle of December for an advert spot. Imagine my displeasure if I’d taken them up on it.

They knew they were having trouble but chose to slither along. 

Romance Writers of America, RWA, released a statement that read in part:

RWA finds it unconscionable for the owner of ARe to withhold information so long and to continue selling books through the end of the month when the company cannot pay commissions. RWA contacted ARe but has not yet received a response.

As a last kick in the pants, ARe email to authors stated:

“...published authors are offered rights reversion on condition that they consider this "a negotiated settlement of your account to be 'paid in full'...”

Ain’t that special? Holding the authors' rights hostage?

How do you know if your publisher is running out on you? Given the above examples, the good and the horrible, I'm not sure an author can. Some good links I have posted below might help but in the end, I think we take our chances. 

I'm sticking with self-publishing. Maybe I'm not making a ton of money but it's enough to pay the groceries. I'll be the first to know if my publisher—ME—decides to go out of business. 

Science Fiction Writers of America

ARe Sudden Closing

Why Small Pub Fail

Literary Agents and 8-Track Tapes

An interesting post from The Passive Voice titled You Must Have an Agent…Or Not appeared in the blogosphere. 

Actually it is only another in a long line of musings about this industry.

I spoke with one famous fantasy author who believes agents are not the influence they once were in this business. Note yesterday’s post about Fifty Shades and the agents who moan how their philosophy was shot to hell by just one book.

But it isn’t just one book. There is Amanda Hocking who self-published herself into fame. Or John Locke, the first to sell one million Ebooks on Amazon.

Indie Publishing. For another eye-opener, go to Jeff Bennington’s blog The Writing Bomb. Essentially, he is a writer who chose not to wait on an agent but made his own way into self-pub. His blog is chock-full of info.

“But you must have an agent,” the ‘experts’ cry to us unwashed masses. “Write a good book and we’ll accept you as our client,” agents say.

Um, no. They won’t. Because:

The project you describe does not suit our list at this time.
This project doesn't seem quite right for us.
This project doesn’t sound right for me.
I am not the right agent for this work.

My fave is the ‘no response means no’ response and leaving the writer with hours of wasted research into an agent who blows them off without acknowledgment.

So you’ve polished your manuscript to a shiny new penny, educated yourself about adverbs and dangling participles, read every word regarding queries. Now what? Are the agents ignoring your baby? Does the prospect of self-publishing leave you cold?

Pick the in-between route, the publisher.

Apply directly to small pubs like WiDo Publishing, Curiosity Quills, MusaPress, MuseItUp Publishing, Sapphire Star, and Baen Books. Or publishers that tower over the industry, Del Rey, DAW, and Tor/Forge.

So what is your flavor? Are you determined to go the traditional route? Or ready to explore small publishers or even self-pub?