As I like to say, where do I start?
Well, let’s start with this notion authors have that when you’re accepted by a publisher, you’re not paying anything to get published. That’s wrong, actually. Even if they give you an advance (and, for most authors, it’s a small one), that’s exactly what it is–an advance on your royalties. And (theoretically, anyway) you won’t see any royalty payments until you earn back that advance (which, in most cases, never happens).
You see, what’s really going on is profit-sharing. The publisher is collecting your earnings on a book and taking a portion of the profit. So you ARE paying the publisher, just on a contingency basis. (Sort of like a personal injury attorney who takes a third of the proceeds from a settlement or judgment.) The question is, what do authors get in return in this profit-sharing arrangement? They’ll get editing, of course (barely, these days). Quality control is supposed to be one of the benefits of having a traditional publisher. (Though you wouldn’t know it to look at some of the poorly-edited crap coming out of the New York houses.) You’d think they’d get marketing and promotional backing so the book will sell and make each party more money. Well, that depends.
Having said that, let’s look at this concept of the midlist author (the intrepid souls to whom I’ve dedicated this blog). Many people ask, what exactly IS the midlist? The middle of whose list? How do you determine the authors who qualify? And what does it mean for those authors in terms of marketing, promotion, etc.?
Well, IMHO, the midlist is where authors fall when they’re selling their work and have a readership, but aren’t in the stratospheric heights of the bestseller list. Which is to say it includes the vast majority of authors.
So how are bestselling authors treated as opposed to midlist authors? You’d think that publishers might want to put some promo and marketing toward the lesser-known authors, right? But, no, it doesn’t work that way at all.
Here’s one person’s take on the whole matter (it’s phrased in terms of an answer to someone’s question about whether “a list” exists and who has it). And it shows just how fraked the publishing business model is [and, yes, my comments are in brackets, as usual]:
“Actually, there is a list. It’s each publisher’s catalog. In each genre or each imprint the publisher brings out approximately 6 books in each seasonal/quarterly/periodic catalog. The catalog is used by the publisher’s sales force to sell books to the bookstores. If you’ve never seen one, they can be requested from the publisher.
“The top of the list is what they hope will be their best selling book, the one with the biggest advance and, consequently, the biggest advertising/promotional push. It’s usually a book by a brand name author. [Am I missing something here? So publishers put all their promo and ad dollars into pushing authors everyone already knows about?? Isn't that a little like McDonald's coming out with a new sandwich, then promoting the hell out the Big Mac???] Sometimes, if the brand name has missed a deadline, a mid-list (see below) author can slip into this slot and reap some of the benefits of additional push and publicity. [God, you gotta love it. Big brand name author f*cks up deadline and midlister (possibly) gets a few scraps of promo and marketing out of it. You gotta admire the strategic marketing genius at work here.]
“At the bottom of the list is the new author, the promising talent, someone the publisher is grooming for bigger things. [By doing what? Telling absolutely no one about them? Okay, maybe they'll spring for some ARCs to send to the right reviewers. But without marketing and promotional support--then what?] If this book does well–by that they mean meets expectations–they may buy the next one. If it doesn’t, the author will probably be gone. [Yeah, and don't let the door hit you on the ass on your way out.] Or maybe it’s a literary tome they feel obliged to publish, but have little hope of making money on. [Obliged? Give me a break. If they're so obligated to publish the thing, why not really get behind it? Are they in this business to make money or not? Have they considered targeting their marketing to the people who'll want to read this literary gem? Publishers hire marketing experts (or so I've heard). Why don't they make them work for a living?]
“And then there’s the middle of this list–the mid-list. These are the books by solid, but not spectacularly financially successful authors. [Gee, wonder why? All the promo and marketing dollars are going elsewhere. And these authors had the crazy notion that their publishers were actually giving them something in the bargains they made with them.] They may be building to the breakout book which will elevate them to that top spot, [yeah, sure--assuming they can manage to get noticed in the first place--no thanks to their damned publisher] but for now, the author has a successful track record and sell through has made their other work profitable. [Huh? Profitable to whom? I'd say that would be the publisher. Because it sure ain't the author.] Placement within the mid-list … is somewhat subjective. The higher on the list, the greater the publisher’s expectations for the book.” [Great expectations alone won't sell books. If you want to move a product--and a book is ultimately a product--you have to put some resources into marketing and promotion. And, if you're not already a brand name bestseller, how's that going to happen? Unless one of the brand name authors totally f*cks up (see above).]
Okay, so having said all that, guess what other really fraked up thing is customary in the publishing business. Bookstores are allowed to return books to the publisher for a 100% refund. Yes, you read that right. Bookstores can simply return the books they’ve bought and say, “Here you go, publisher. Give us our money back.”
Is there any other business in existence that allows a total refund on inventory purchased? (Please let me know if there is, because I’m awfully curious.)
And you realize the effect this has on authors, of course. They bear the brunt of these returns by having a percentage of their royalties withheld to cover returns.
So, if the bookstores purchase 100,000 copies of an author’s book, the author doesn’t just get paid royalties on those copies. No, sirree. The publisher holds a portion of those earnings in reserve in case 99,900 (or more) copies are returned. (Wow! Doesn’t that provide a huge incentive to do this sh*t for a living?)
I’ve heard more than once that midlist authors are actually the backbone to the publishing business. That it’s midlist sales that support the excessive advances that go out to celebrities and brand name authors. Authors say this with (what I’d consider to be) misplaced pride. [Um, can anyone say sweatshop?] Seriously, if an author is doing the heavy lifting on his or her promotion and marketing and churning out a book a year (industry standard), why hand your hard-earned money over to a publisher to finance their bone-headed, excessive advances to other authors? What kind of business sense does this make for the midlist author? None that I can see.
So, someone remind me. Why do I want a traditional publisher?
April 3, 2010 at 6:33 pm
This post stopped me in my tracks. This sheds a whole new light on an industry in which I thought I wanted to be part of…
Much food for thought.
Well done, Debbi, and all the best. It sounds tough out there.
April 3, 2010 at 7:18 pm
Thanks, Wendy.
It is indeed a tough industry. One established author (can’t recall the name–maybe John Irving?) said he wasn’t sure he’d be able to get published in today’s market.
And ebooks–well, don’t get me started. E-rights are adding a whole new wrinkle to the business side of the equation.
But, if you really want to write, I’m sure you can manage it.
April 3, 2010 at 9:22 pm
The scary thing is that their publishing model actually makes perfect sense (for them.) I saw my publisher’s monthly catalog once and I was like two sentences in a 52-page catalog. Not even at the very end, where there is hope. Just close enough to the end to be sure to be ignored.
Scott
April 3, 2010 at 10:15 pm
Yes, it all makes sense to them, because publishing is apparently a hidebound profession. (And here I thought lawyers were bad.) They do things the way they’ve always been done, because they’ve always been done that way.
Needless to say, ebooks have thrown the business for a loop. Now they’re scrambling to catch up and STILL not really getting it.
Publishing has always operated on really thin profit margins. With business savvy like this, I can sure see why they’ve been so thin.
April 4, 2010 at 1:02 pm
Debbi,
And don’t forget about the fees associated with those book returns. Baker and Taylor charged obscene shipping and handling fees for returns on my DTB “Good Things To Share.” It’s not hard to see that they make money returning books, so there’s little incentive not to. It’s just another way to make money off the backs of authors. That’s one of the reasons I went the self-publishing route — I was damn tired of my profits being pecked to death by middle men.
April 4, 2010 at 2:44 pm
Wow, J.T. Thanks for that eye-opening comment. I had no idea.
Yet, people keep seeking out traditional publishers. Amazing.
April 11, 2010 at 12:08 am
“I’ve heard more than once that midlist authors are actually the backbone to the publishing business. That it’s midlist sales that support the excessive advances that go out to celebrities and brand name authors. ”
I’ve more often encountered the opposite view: that most books don’t earn out and that it’s the blockbusters who pay for the midlist books, which typically lose money. I wonder which viewpoint is more accurate.
April 11, 2010 at 11:23 am
Hmmm. Now there’s a good question. See, the way I’ve heard it, it’s the big advances that never get paid back. Naturally, if publishers are over-paying on advances to some authors based on name recognition or whatever, they have to make up for it somewhere. And they can’t afford to take chances on lesser-known, if talented, midlist authors. So the difference ends up coming out of the midlisters pockets. (This is all based on my theory, plus what I’ve heard from other authors with a dash of speculation, so I can’t really say if it’s the right answer to your question. Nonetheless, it makes sense to me.)
April 11, 2010 at 12:18 am
Hey Debbi,
I found you via Joe Konrath’s blog. I totally agree with what you’re saying here. A lot of this is largely why I chose to go indie. The benefits to me of self-publishing (creative control, full control of my e-rights, working at my own pace, no one with the power to stop me from reaching my audience by taking away my contract) plus all the downsides to traditional publishing (bad money, their ridiculous business practices, agent and editor snark and rudeness toward authors, politics, etc) pretty much sealed the deal.
I also don’t accept that in a world with indie musicians, indie filmmakers, and indie comic book creators and game creators, that indie authors aren’t the EXACT same thing. I refuse to accept that because I write I don’t “deserve” to be indie like other artists.
A publisher would have to have some pretty deep pockets for me to get involved in their business circus of the damned.
Here is a post I made in regards to the idiocy of the publishing industry on my blog:
http://zoewinters.wordpress.com/2008/11/18/publishing-industry-stumped/
April 11, 2010 at 11:16 am
Excellent, Zoe! Another fellow traveler.
I will most definitely read your post. Based on your comment, it sounds like we are of the same mind on this.
April 11, 2010 at 7:31 pm
LOL we are so of the same mind, it’s scary!
April 11, 2010 at 8:05 pm
Scary, but most definitely awesome!
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November 11, 2010 at 1:03 am
I have read all posts. I am finished with my manuscript. If I don’t use the traditional publisher can you guys recommend a self publisher used by others with good experiences?
November 16, 2010 at 11:49 pm
Bob,
There are so many ways to go self-published, you should do some research and consider your options.
Whatever you do, don’t pay a vanity press to get published. If you go with a self-publishing company, CreateSpace is considered pretty good. However, there are others.
You could also self-publish on your own through a print on demand company like Lightning Source. However, there’s more work and up-front cost involved with that.
You should look around, compare and decide what’s right for you based upon your own needs.
November 20, 2010 at 12:03 am
Debbi,
I first looked at iUniverse, then Trafford, and the last one I looked at was Veterans’s publishing (for veterans). There were just too many and I couldn’t tell them apart. My work is finished but no agent specializes in the topic. Several have had very positive replies but say that they do not work in the area of my topic. I worried about print on demand. How do I get it marketed? With self publishing, am I going to have a book that no one buys except me? I know nothing about getting my book to market and to big stores like Barnes and Noble, Books-a-million etc. I will look on the web for the companies you suggested. Thank you for your reply. Any further suggestions are appreciated.
November 20, 2010 at 4:43 pm
I wouldn’t recommend iUniverse (they charge you up front, don’t they?) and I’ve never heard of the other two.
There are a number of books available on the subject of self-publishing. I’ve only read “POD People” by Jeremy Robinson. It’s about print-on-demand publishing and a bit dated, but useful nonetheless. The Amazon link to the book is here: http://www.amazon.com/POD-People-Beating-Print—Demand/dp/0978655109/
I also posted recently about a book called “How to Bring Your Book to Life This Year!” by Andrea Costantine and Lisa Shultz. You can read more about it here: http://www.lisajshultz.com/bringyourbooktolife
Also, if you have an e-reader, you can buy Zoe Winters’ ebook “Becoming an Indie Author” for $2.99 on Amazon. The link to order page is here: http://www.amazon.com/Becoming-Indie-Author-Self-Publishing-ebook/dp/B004AYD90U/
These are just a few resources I happen to know about. I’d recommend doing some reading before you make any decisions on how to proceed.
November 20, 2010 at 8:51 pm
Good advice and I certainly appreciate it. I will start some research tonight.
November 20, 2010 at 10:27 pm
No problem. Good luck!
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