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.
. . . .
My point – do NOT think that they have any clue what they are doing, because they do not. There is a marketing method that is called ‘see what sticks’ where you take a plate of spaghetti and toss it at the wall. There’s no planning, no nothing. Just take it and throw. That is what the big houses are doing. Every marketing plan had that element of ‘fate’ and hoped that I would be the lucky piece of pasta that stuck.
Link to the rest at Kindleboards and thanks to David for the tip.