Monday

NY TIMES AUTHOR SAYS NO TO HALF MILLION ADVANCE

New York Times Bestselling author turns down half a million advance and self publishes instead!

I was going to wait and put this in my upcoming newsletter but I didn't think you could wait. This story is true and anyone writing a book needs to read this blog and understand the reasoning. Mostly, we need to understand the economics when someone looks at $500,000.00 guaranteed and says "No thanks."
Barry Eisler has decided to move his new novel to a self publishing format and makes a compelling case for doing so.
I urge you to go to this link and discover why for yourself.

thanks to Twitter follower Patricia Singleton for the heads up.

2 comments:

  1. You are very welcome "for the head's up" on Twitter.

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  2. "Holy shit," that's pretty incredible. It does push me further in the direction of self publishing to say the least.

    I had been going back and forth, not sure yet whether I could get a legacy publisher if I wanted one, and not sure I should want one. If I self published, I knew I could produce the book at a lower cost, higher profit and greater level of creative and editorial control. I also knew that self publishing had a kind of stigma attached to it, and that according to the numbers self published books most commonly only sell a few hundred copies.

    If someone who's been a best seller writer would rather go to self publishing than remain with a legacy publisher that puts one up for the idea of self publishing.

    Thanks for bringing this article to my attention.

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