When I woke this morning, I had an idea for today’s post but wanted to make sure I had my facts straight. So I checked several sources and came away with several things to discuss today. All are things we need to think about as writers. I know, I know. Writers just want to write. Unfortunately, there is a great deal more to it now, whether you plan on going indie or traditional. Writing is a business and that means we have to make business considerations.
The biggest considerations we have to make today as writers is whether we want to go the traditional publishing route or go indie. There are pros and cons to both. We’ve discussed those factors time and again here at MGC, so I’m not going to spend a great deal of time rehashing them. However, there is one thing to take into consideration when making that decision you do need to know about.
When talking to writers about the big difference between indie and traditional publishing, the main difference you will hear is that traditional publishing can get you into bookstores. I knew very few writers, myself included, who would’t love to see their books on the shelves of the local store. As indies, that is a near impossibility, especially if there are no locally owned bookstores in the area. So that leaves us, whether we are traditionally published or indie, to hope for shelf space in Barnes & Noble, at least here in the States.
Unfortunately, the fiscal health of B&N has been in question for some time and those questions are growing louder. As of last Friday, stock in the company was down 17.04% for the year. That includes a 5.61% decrease in the last 30 days. For the past year, stock is down 24.43%. Think about that. In 12 months, the stock value of the company has declined close to 25% and this at a time when the S&P has risen more than 16%. If that news doesn’t trouble you as a writer, it should. B&N is the main bookstore in the United States. If you thought the publishing industry was rocked by the loss of Borders, think about what will happen if B&N goes under. Even if it doesn’t, do any of us doubt that it is going to have to greatly change its manner of operation? More stores are going to close as leases come up for renewal. How many of them will be opened in new locations? No nearly enough. Worse, the loss of brick and mortar stores means publishers will lose their bookstore advantage and, believe me, they aren’t ready for that to happen. Not yet and, I hate to say it, I’m not sure any of the Big 5 will be ready when — and if — that time actually comes. So it is up to the authors to take steps to protect themselves now. What those steps are is up to each individual author. But they need to know what is happening in the industry and not let events broadside them.
Next up is the latest in the Tate Publishing debacle. A year ago, Tate was hit with a class action law suit filed by its authors. It later closed its doors. Last week, Xerox won judgment against Tate for more than $2-million. This was after Tate’s lawyers withdrew from the case after they hadn’t been paid. The basic lesson to come from this is that, as a writer, you need to do your homework before submitting your work to anyone, much less before signing a contract. Tate’s reputation for having problems predated the class action law suit for quite a while and yet authors continued to submit to them. This is why using sites such as Preditors & Editors is so important. So is doing a simple Google search. You need to know who you are doing business with. Beyond that, you really should have an IP attorney look at contracts before you sign them. Publishers are in the business to make money — for themselves. Authors are merely cogs in the machine, cogs they feel are interchangeable.
Finally, I came across this article and I really, really hope it’s someone’s idea of an April Fool’s Day joke. I want to believe that it is. After all, any of us who have submitted our work to an editor or publisher only to have it rejected know how much that hurts. But to give up after trying with two books, especially in this day and age when indie has gained a strong foothold in the market, is beyond me. So is the oh-so-precious “I’m scarred” attitude. I really want to believe the author was trying to be funny on April Fool’s but considering the site where the post is published, I can’t be sure. What do you think?