Penguin Random House sells Author Solutions

Labeled more a vanity press than real self publishing service provider,  Author Solutions is controversial and faced a few lawsuits from unhappy authors. Enough so that Penguin Random House is distancing itself and basically ceding the self-publishing territory to Amazon. While I think Amazon provides some great services for indie authors, competition is healthy. I guess the problem is that Author Solutions wasn’t really competition as it was accused of making money off of authors, instead with authors. Please let me know your thoughts and opinions in the comments, or even if you have some insight. I think we would all love to hear about anyone’s experiences with Author Solutions good or bad.

Benedicte Page and Katherine Cowdrey give us the details on the BookSeller site.

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PRH sells Author Solutions

penguinPenguin Random House has sold its controversial self-publishing division Author Solutions.

Author Solutions, acquired by Pearson in 2012 for $116m (£74m), for integration into Penguin, was sold to an affiliate of Najafi Companies, an Arizona-based private investment firm, on 31st December. Financial terms were not disclosed.

In a note to staff, PRH c.e.o. Markus Dohle said: “We thank the entire Author Solutions team for their hard work and dedication during their time as part of Penguin Random House, and we wish them all the best and much success under the new ownership. With this sale, we reaffirm our focus on consumer book publishing through our 250 imprints worldwide, and our commitment to connecting our authors and their works to readers everywhere.”

The acquisition of Author Solutions by Pearson/Penguin was always controversial, with then Penguin c.e.o. John Makinson having to defend the company against accusations that the buy would muddy its brand image.

Makinson said at the time: “This acquisition will allow Penguin to participate fully in perhaps the fastest-growing area of the publishing economy and gain skills in customer acquisition and data analytics that will be vital to our future.”

Author Solutions continued to be run as a separate business, with Penguin staffer Andrew Phillips transferred to run it in place of former c.e.o. Kevin Weiss in 2013. Phillips confirmed that he would remain as chief executive of AS.

The self-publishing division was the subject of a lawsuit in the US, which was settled out of court last August, during which the business faced accusations from plaintiff authors of seeking to make money from authors, rather than for authors. Author Solutions lawyers maintained the suit was “a misguided attempt to make a federal class action out of a series of gripes”.

Read the full post on BookSeller

Bonus article off the Quartz site with more details – Amazon has officially won the multibillion-dollar self-publishing market

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Book Editors Really Do Edit Books. Really! They’ll Tell You So Themselves!

This post by Chris Meadows originally appeared on Teleread on 3/30/14.

What does it say about what people think of you if you have to write a lengthy editorial insisting that, no, really, you actually do do your job?

That’s how a piece by book editor Barry Harbaugh in The New Yorker comes off. Entitled, “Yes, Book Editors Edit,” it insists that, despite Amazon claiming otherwise, book editors at major publishers actually do edit books. The fact that this piece had to be written in the first place possibly says more than does the entire piece itself.

Especially since there are just a few problems with it.

First of all, it’s hard to imagine where Mr. Harbaugh got the impression Amazon was claiming that editors don’t edit. The people who’ve been complaining about editors not editing have by and large been the authors of the works that were supposed to be coming in for editing—but weren’t. For example, look at some of the discussion from when the head of Kensington Publishing responded to writers’ complaints about their experience with the press. Many of those complaints involved the failure to receive any actual editing.

 

Click here to read the full post on Teleread.

 

How To Sell Your Integrity, $470 At A Time

This post, by Publetariat founder and Editor in Chief April L. Hamilton, originally appeared on her Indie Author Blog on 1/9/14.

Here are two new questions authors need to add to their vetting process when considering hiring out for author courses, services and how-to books:

Do you have an affiliate program for this product or service I’m considering, and if so, how much of the sales price will be paid to the affiliate advertiser?

Imagine that the answers to those questions are, “Yes, I do have an affiliate program, and half of the price you pay is sent back to the affiliate whose link you followed.”

So far, so bad. Now imagine the price you’re being asked to pay is $940, and $470 of that fee will be paid to the affiliate.

Pick your jaw up off the ground because I’m sorry to tell you, this is not some far-fetched scenario. Today I received this exact offer to become an affiliate advertiser for someone offering author and book marketing/publicity products and services.

I get affiliate requests pretty frequently but anyone who reads this blog or visits the Publetariat site regularly knows I don’t say “yes” to many of them. Today’s request is just about the best example I’ve seen to date for explaining why.

Here are the pertinent excerpts from the email invitation, with my comments below each. Note that any boldface emphasis in the quoted passages has been added by me.

 

Click here to read the full post on the Indie Author Blog.

 

Why You Should Be Paying More Than $50 For Ebook Formatting & Conversion

This post, by Publetariat founder and Editor in Chief April L. Hamilton, originally appeared on her Indie Author Blog on 5/20/13.

I just posted this in response to a service provider who commented on my earlier post, Ebook Madness: Don’t Confuse Ebook Conversion With Ebook Formatting! In his comment on that post, this gentleman said he only charges $40-50 for the typical formatting AND conversion job, and asked if he’s not charging enough.

My answer was an emphatic YES, and I’m reprinting the full response here because I think both service providers and those who seek their services need to get a better understanding of the economics involved. Here’s my response, in full:
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Yes, you are most definitely not charging enough to either do a thorough job or earn a living wage, though I’m sure you don’t realize it.

Let’s assume you begin with an MS Word file containing 300pp, which is the typical length of a typical novel. Let’s say you charge your higher end estimate of $50 to do the formatting and conversion.

You can take $22.50 right off the top for self-employment taxes**, leaving you with $27.50. But you still have to pay income tax on that income, and even if we assume you’re in a very low bracket, say 25%, you’re losing an additional $6.88 in income tax, which means you’re really only earning $20.62 for the job—and that’s before taking out your expenses, as you should be doing before figuring your net income.

**UPDATE – several have questioned my math on the taxes, and since I know math is not my strong suit I’m willing to defer to their judgment. But even if the taxes are only $10 per $50 you get paid as a freelancer (and I’m pretty sure they’re quite a lot more than that), you’re still only earning slave wages by the time you take all the expenses, weekly hours you don’t have booked with paying work, and weekly hours you spend on non-paying but necessary stuff like billing and promotion into account.

Your electricity, internet access and software aren’t free. Neither is the cell phone you probably use sometimes for communicating with clients. But I’m fairly certain you’re not taking these items, or the taxes, into account because if you were you’d realize you’re barely earning minimum wage on each job.

Getting back to those 300 pp…let’s assume you spend two hours reviewing the MS Word file and making your formatting changes. Even if you use a bunch of scripts or other automated processes to do the formatting changes, you MUST at least LOOK at every single page to be sure you haven’t missed anything that needs to be reformatted to be ebook -compliant. Two hours only allows your 120 minutes total for the job, or 24 seconds per page to review each page AND make any additional formatting changes as necessary. If the MS Word file you’ve been given is filled with lots of funky and inconsistent Styles and/or formatting, the job will take even longer but again, you have to at least look at EVERY SINGLE PAGE to know if this is the case.

 

Click here to read the rest of the post on the Indie Author Blog.