Posts Tagged 'new business model'

The Death of Traditional Publishers? Part 12: Unveiling A Business Model that Didn’t Exist – Until Now

I am about to take a huge and scary plunge. I’m going to reveal my secret.

During the past year I have been actively exploring the world of independent publishing. The reason is simple: while my writing itself has been praised, the setting of my American/Norwegian historical trilogy doesn’t fit into publishers’ “kilts & dukes” boxes. (See Jerry Simmons’ June 17th post here about “safe” trumping “new.”) So my choices were to:

1. bury the books, or

2. hope that the manuscripts I have – which DO fit the “boxes” sort of – sell to publishers, and generate enough interest that the publisher might take a risk on them, or

3. publish them independently and let them stand on their own.

With my agent’s blessing, I’m taking the trilogy directly to the readers. But the issue I have with 99.9% of self-published books is that they look… well… unprofessional. Cheesy. They use ugly or mismatched fonts, over-use bold lettering, or don’t have a sense for how a page should LOOK. It’s like these authors have never read a book!

But to be fair, so do some print-on-demand books from some established e-publishers! Editing there, too, is an issue. Because e-books are cheap, somehow that translates into shoddy work.

Readers deserve better.

So, I decided to find a way to give it to them: GOODNIGHT PUBLISHING.

I soon realized that I have no interest in getting in between an author and their royalties. Or an author and their rights to their books, for that matter! So Goodnight Publishing is NOT an actual publisher, per se. But it fills a need that no other company does that I know of. It begins with:

  • Manuscripts being evaluated by professional editors before they are accepted.
  • Once accepted, the author will either learn how to do all of the following tasks themselves, or take training classes through the Goodnight Publishing website ($15 per class per 30-day instructional window).

Authors are asked to:

  1. Sign up for a free account with Amazon’s Create Space – for their POD copies – procure a free ISBN through them, and determine the physical properties for their book(s).
  2. Format their manuscript per the selected properties, or have it professionally formatted (classes and/or references provided).
  3. Edit their manuscripts, or have it professionally edited (references provided).
  4. Design their own book covers, or hire a professional designer (classes and/or references provided).

Now, this is where the genius of Goodnight Publishing kicks in: when the book itself looks professional and the proof is approved, the author will be given permission to add the TRADEMARKED logo for Goodnight Publishing.

  1. The book now has Goodnight Publishing’s logo printed on the back, spine and the title page.
  2. Goodnight Publishing’s website address appears under the logo.
  3. All book covers will appear on Goodnight Publishing’s website.
  4. Readers who go to Goodnight Publishing’s website will see all the other authors “published” by Goodnight Publishing. Just like any traditional publisher’s site.
  5. For their first four books on the website, authors will pay $2 per month for one live link from their book cover, or $3 per month for two. (Their fifth book will be linked for free.)

These live links can send readers to the author’s website, Amazon or another site for purchasing, to YouTube for their book trailer (classes and/or references provided), their blog, etc. Wherever they choose. By being listed on a publisher’s site along with other authors, the author gains legitimacy in the eye of the reader. Readers don’t care where royalties go. They just want to be able to find more books.

More key points of genius:

  1. This business model exists to enable the independent author to present their works to readers in a professional manner.
  2. Authors retain all rights to their work.
  3. There are no contracts.
  4. Live links are prepaid for 12 months (renewable/non-refundable) and pulled when the payment expires. However, the cover stays on the site. That’s good for all of us.
  5. No manuscript will be refused or removed because previous ones haven’t sold well. Each book stands on its own.

Because – this process is not about selling books. It’s about authors linking arms to BUILD READERSHIP. Long term goals are realistic, overnight bestseller is not.

Goodnight Publishing will accept submissions from all genres, but I do confess an affinity for Historical Fiction and Romance.

Do you have a manuscript that you would like to take on this path? Are you willing to do the work? Then get ready:

Submissions will be accepted beginning August 1, 2010 at www.GoodnightPublishing.com

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Authorpreneur Kris Tualla

www.KrisTualla.com

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