By Alwyn Thomas, commercial specialist at Harding
Evans Solicitors
You will understandably get excited if approached by a publisher
concerning a book, short story or poem which you have written. The
publishing deal of your dreams is around the next corner.....or is
it? In this article I will briefly examine the types of publishing
deals available and focus on the phenomenon of “vanity” publishing.
Firstly a conventional
publishing deal is where a publishing company has reviewed your work
and feels that it has commercial value i.e. they can sell it and
make a profit. The company will pay the costs of producing the book
and you will be paid a royalty being a percentage of the sale
proceeds.
There is also self
publishing which is where you do all of the work yourself e.g. cover
design, type-setting, marketing, etc.
Vanity publishing involves a
company charging you to publish your work. Costs of cover design,
type-setting, etc. are then borne by you. A vanity publisher will
usually publish any manuscript without considering the merits or
commercial value of the material provided that you agree to pay the
publishing and marketing costs. Therefore the risk of financial loss
to the publisher is minimal. The publishers are, in effect, making a
profit from you as opposed to through sales of the book and there
may well be little incentive for them to actively and energetically
promote the book.
Vanity publishers often
appear like conventional publishers, offering royalty payments from
sales and sending copies of the book to libraries etc. However,
having made a profit from you already, you may well find that the
marketing efforts of the vanity publisher are limited. Poor or
limited marketing will result in poor sales. Poor sales will result
in no royalty payments being due to you. It is as simple as that.
Any sort of publishing
should raise your profile but vanity publishing by itself is
unlikely to make you rich. You may be left with a large hole in your
pocket and six copies of your latest “best seller” to give out as
presents to your family and friends next Christmas!
Any publishing contract you
may be offered will benefit from legal scrutiny by a specialist
solicitor. The potential shortcomings of the proposed publishing
deal can then be highlighted for you to decide whether to proceed or
not.