Joe Konrath makes another convert.
Excerpts from author Blake Crouch:
So I finished a novel back in August that I’d been writing for a year and a half between other projects. I thought it was probably the best thing I’d written, the closest I’d ever come to fully realizing the initial idea. My writer friends who I swap manuscripts with agreed. Even my lovely wife, who can’t deal with my SERIAL stuff, loved it. My agent loved it, and we went through several edits and took it out in October to a number of publishing houses.
“You’re losing money, Blake, every single day RUN is not for sale.”
Around December, Joe started making a point of telling me this every time we talked on the phone, emailed, or Skyped. I thought maybe he was right.
I had a great December selling ebooks.
January came close to doubling that.
. . . .
Ebook royalty rate: 25%. This royalty rate is so completely biased in favor of publishers, it’s not even funny. The ebook rights to my catalog are far and away the most valuable thing I own. To give a publisher the exclusive license to my e-rights when I have no control over pricing, and in light of that 25% royalty rate, is a terrifying proposition. This all adds up to my suspicion that, even if an offer were to come, I would have a very difficult time parting with those rights if the offer wasn’t stellar and life-changing money.
. . . .
[Konrath’s comments on the guest blog post]:
I considered it my duty, as a friend of Blake’s, to nag him to self-publish RUN, but he wanted a big traditional publishing deal. And guess what? I understood his thinking. RUN should have gotten a big traditional publishing deal. Blake should have been offered six-figures for RUN, months ago. It has “blockbuster” written all over it.
But the current publishing climate is awful. Publishers aren’t buying as much, and they aren’t paying as much. And every day Blake waited, the legacy publishing climate got worse, the self-publishing climate got better, and he missed out on making money.
Link to the rest at A Newbie’s Guide to Publishing