I’m going to tell you about an awesome club. And you can’t join. But that’s okay: You can start your own.
The club is a small publisher called Exciting Press. They call themselves a “nano press,” even smaller than a micro press. I highly recommend reading their FAQs. Maybe I’m a geek, but reading this gave me goosebumps. Especially the part where they say you don’t need a publisher these days. That honest admission says so much.
Exciting Press pays 70% net on e-book sales. And they only license your work for seven years. SEVEN YEARS! After that, they stop selling your work and give you your rights back. Unless you want to renew or renegotiate. It’s up to you. You own the rights.
Before you rush off with your manuscript, Exciting Press is closed to submissions right now. It’s the model I’m excited about.
Now, for those of you who self-publish, you might wonder what the point is. Why not get 70% of gross on your own? The way I see it is this: Nano presses are a way for the reluctant and wary to learn how self-publishing works. And with these royalty rates and limited terms of license, there practically no risk. A nano press becomes an agenting/editing service but with a 30% fee instead of a 15% fee. My agent has taken over many publishing duties for her clients. And I’ve met companies at publishing conferences that are setting up boutique publishing houses that blend these ideas.