COMMENTS: This is in response to your blog. First, I think it's wonderful that you've started a dialogue among smaller publishers. I'm the acquisition editor for Oceanview Publishing. We started in 2006 with 5 titles and are now up to 12 per year, mostly in the mystery, suspense, thriller genre. Of course, we hate the "return" policy as you have highlighted, but what can we do. If we want our books out there, we have to go with the flow. Before starting Oceanview Publishing, the three partners, of which I am one, all had "big" jobs at Johnson and Johnson. Yes, healthcare. And now we have transitioned to fiction. So we have gone from big influence to not so well known. Yet we are trying to work toward a break-out book that will cover all those titles that don't quite cover the gross profit margin let alone the contribution margin. Your ideas on author financial interaction and splitting profits and shifting the financial burden are surely interesting, but as a very new, and very small publisher, we don't feel that we can be in a leadership role, maybe a fast-follower if this trend proves feasible. But in the meantime, we're concentrating on finding the best of the thriller genre -- out of thousands of submissions. Patricia Gussin, Oceanview Publishing
Okay you want comments. Sounds like you want them in the negative, but how can I do that when I agree with ALL of what you say? The reason I agree is that I'm part of a small agency and much of what effects you as a publisher also effect me as an agent. Where Bridge Works is affected because you cannot pay huge advance, Wylie-Merrick is affected because it's considered more prestigious to be represented by a large NYC agency--even though we all deal with the same publishers. I'm also sure prestige has loads to do with the level of writers who come to your press too. Also a high six advance goes beyond money and into bragging rights these days--for everyone in the deal. I agree that it makes more sense for writers to share the expense of publication and to be part of the process than to get a big advance and be outside of it. But first large publishers have to stop paying large advances and this isn't going to happen until pigs fly backward. Then you have us agents who depend on large advances to stay in business. Can a NYC agency afford office space on $1000 advances? One hundred and fifty dollars is what it costs for a nice lunch in NYC. About the only agencies who can afford to sell to small publisher as small agencies--our lunch at McAlister's runs around $18. It's also been our experience that even small publishers like to be courted by larger agencies even if it does cost them a bigger advance. Bragging rights are not size dependent it seems. One area of slight disagreement would be that promotion via advertisement sells books. It has been proven time and time again that more books are sold through by readers telling their friends what a great read such and such was. Of course getting a book on Oprah, Colbert, Larry King or The Daily Show doesn't hurt either. Also, book reviews via newspapers and magazines are going because the review section is always the first cut made when these publishers feel the pinch. So the online reviewer recently has tried to take up the slack. I wonder how long before PW, Kirkus, and Library Journal begin feeling the squeeze? Robert (Pronounce Ro-bear) Brown
Lady! I love it that an old gal woman of a different era like you has joined the digerati digitalia and is jumping into the fray and using the internet to promote your own ideas and agenda. But hey! The internet is about immediacy, the here and now, being ahead of everyone else, of instantaneousness. Update your blog! not every post has to be a well reasoned treatise. Blog about the book you are reading, the books being reviewed, the books that don’t get written, the crazy authors you know. vite vite. L.P.
May I suggest two marketing ideas (from the outside world). Find atalk show host (not Oprah) who would specifically have a 'book club'geared to unknown authors who would be published by small publishingcompanies. Also set up book tours with three or four authorsparticipating at one time. This small group might get more publicityand a larger crowd than just one author would. B.T.
I thought you'd like to hear what some other professionals think about the book business. I haven't heard Word One from Marty Shepard, of Permanent Press, whom I lauded in Blog No. 2). I hope that means he's too busy publishing and raking in the shekels to comment. And Pat Gussin from Ocean View Publishing seems to be more content with her small publishing life than I am.
Robert Brown sees the issues as I do, and comments from a lifetime of being a literary agent. And he is certainly right that no one can live on the royalties and advances paid by small publishers to his clients. I'm not sure just how many writers can live on the LARGE royalties the big publishers pay. According to some, after a writer has had to pay bills during research time, writing time and waiting for print, plus paying off her agent, a $100,000 advance ends up somewhere in the thirty thousands. That's one reason small publishers seek non-agented material. Most of those writers have a day job, don't have to pay an agent's commission and are willing to accept a smaller royalty just to get their first work published. The down side is that the majority of first-time writers need heavy editing, and the old-timers are too tired and the youngsters don't know from editing, even though that's their job title. I loved Jonathan Franzen's THE CORRECTIONS, published by FSG,but, as an editor, I gagged at the 566 pages. Way too long. The story just about disappeared in the welter of details of affairs, cooking, drug taking, medicine cabinet supplies, Lithuanian conspiracies, etc. Bridge Works titles rarely run over 300 pages. That's enough for even a bookworm to tackle.
And thanks, B.T., for your specific answers to selling those books (see above). CSpan, are you listening?
Next blog, more recommendatios. Go to firstname.lastname@example.org for comments. Talk to you soon again. Barbara Phillips