Monday, February 24, 2014

Market: Leap of Faith Publishing

"Leap of Faith Publishing is a royalty paying publisher of romance and erotic romance fiction primarily"

Interesting choice of name because what it suggeat to me is "inspirational" rather than "erotic".

"The breakdown for royalties is 40% of net sales on all electronic and digital copies sold through the Leap of Faith website, 25% of net sales of electronic and digital copies sold through 3rd party distributors, and 10% of net sales for any print copies sold either through the Leap of Faith website or 3rd party distributors, should your book go to print."

 Even if you assume "net" only excludes retailer fees (which my not be true) I would not count that as a generous royalty rate.

"A Promotional Plan. All authors must submit a plan that tells us how they are going to market their book. Please do not tell us you are open to suggestions, instead give us an idea of what you are going to do to get the word out, such as posting to groups where romance readers congregate or participating in online chats for example. We are looking for authors who want to hang out with readers and enjoy talking about their book(s). Authors who do not make an effort to market their book(s)will not be offered new contracts."

I really wish publishers would stop acting like "promotional plan" = "internet whoring".  Or indeed that the author should initiate and be the sole users of such a plan.

"Taking a leap of faith in the belief that readers want books from talented authors with stories that will stand the test of time. We believe that a higher power will assure that the journey will be mutually rewarding for our readers and writers."

Insert raised eyebrow here.  Interesting "publishing plan" they have there.  Make books + divine intervention = $$$$?

From their job listing for editing assistants: "Because we are a small e-publisher who is just starting out, we cannot offer cash payment at this time. However, editing assistants will receive as compensation the following: a final version of the book he/she edited, an editing credit on the copyright page, and another e-book of his/her choice from our catalog."

Okay, I will be honest here.  There is no way I would have anything to do with a publisher that does not pay their staff any actual money at all.  No way, no how, never. Those that perform the labor that creates the product (including all editors and artists)  should be paid first and always. That aside, asking for free work suggests a publisher that is not capitalized at all, which generally indicated a publisher not long for this world.  That's my 2c.  Make of it what you will.

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