1. scifiwriter
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    scifiwriter Member

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    Author turned down high 6 figures 1 book deal for her next novel and will self-publish it

    Discussion in 'Self-Publishing' started by scifiwriter, Feb 14, 2014.

    http://www.thepassivevoice.com/02/2014/i-turned-down-over-a-million-bucks-in-trad-deals/

    From author H.M. Ward on Kindleboards:

    Over the past year I’ve been offered over 1.5 million bucks in advances offered by huge publishing houses. I told them to show me a marketing plan that knocks my socks off and I’d consider their offer. I had this notion that they knew what they were doing and could do it better than I could. They said they had all these ideas and they’re gonna blow my mind, which was a requirement for the deal, b/c the pay was too low.

    About the money – if you have a book that hits #1-10 on the Kindle store, tons of people have the mistaken notion that it’s gonna blip and fall and you’re fun in the sun will end…unless a trad pub picks you up.

    It’s math time! A book in the top ten sells around 5-10K copies per day. Let’s take the average and give the book some wiggle room and say it’s selling 7K copies a day @ $2.99. In 7 days you’ll have made (net, not gross) over $100,000. So BIG TRAD HOUSE offers you $200,000 for a three part series.

    ‘Sign here,’ they say. ‘Sign fast! You want to strike while the irons hot.’ ‘A bird in the hand is worth 2 in the bush.’ ‘It’s a sure thing and if you don’t sign, then you could loose everything.’ <–They actually said all the crap to me, and its crap. If the book nets $100K in a week, what will it do next week? What about next month? What about next year? Never mind those other 2 books. Bad deal.

    The most recent offer was for a high six figure deal on my next novel, on spec, sight unseen from one of the big 5. I gave the same terms – show me a kick *ss marketing plan and I’ll consider it. They were excited and on it! They were going to wow me. Like I was gonna be so wowed that I’d die of the wowness. True story.

    Dude, the marketing plan I got back was the equivalent of, ‘we’re gonna do stuff.’ Their email list – yeah, they don’t personally have one, but this archaic place does – had 2K people on it. That was the bulk of their plan.

    My email list has over 30K ppl on it and I do a ton more stuff than they presented.
     
  2. shadowwalker
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    shadowwalker Contributing Member Contributor

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    Yeah, another "If you sell X amount, you'll make oodles and oodles of money and that won't possibly happen with a trade publisher." If her decision works for her, great. As an "Everyone should do this!" piece of advice, it's worth the paper it's written on.
     
  3. NigeTheHat
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    NigeTheHat Contributing Member Contributor

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    I'm pretty certain anyone with a 30k e-mail list and a bit of marketing nous should self publish.

    So... hands up all here who can get their hands on that?
     
  4. scifiwriter
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    scifiwriter Member

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    Where is the "everyone should do this!" advice from? I don't ever see H.M. Ward advocate that everyone should self-publish.

    The advice I read from self-publishers who make a full-time living can be summed up as this: Do a thorough research, find what path work best for you, and go for it.

    And if you do self-publish, it will take a lot of hard work to succeed.
     

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