As most can decipher, an authorpreneur is simply an author who thinks as an entrepreneur and handles his/her new book as a product that s/he takes full responsibility for in determining its success. They think outside the box — especially the Big Five publisher box.
In so doing, they can keep and reap more! They keep more artistic and business control and reap more profits (70% vs a paltry 15%). They take more risk — BUT, new tech and business models have minimized that risk.
Tonight’s post shows just how one previously successful traditionally published author, Kamy Wicoff, jumped the TP ship and struck out on her own and learned how to think like an entrepreneur — even after she was offered a Big Five TP publishing contract for her first ‘fiction’ book effort.
Kamy has also started her own startup book publishing press, She Writes Press, to give assistance to those who wish to learn and follow in her footsteps — This link includes some short, informative videos.
“… entrepreneurship has become part of our professional lives whether we like it or not. New books are like startups, and authors are their founders, CEOs, marketing departments, and human resources, all rolled up into one. In light of this, authors need to stop viewing the average traditional deal as the only legitimate way to publish, but to think instead as business owners evaluating the terms of a partnership, weighing what they get against what they give away. And I would argue that for most of the 99%, what traditional publishers offer is not worth what they demand in exchange—a whopping 85% of the ownership of an author’s book.”
“Of course this isn’t right for everyone, the biggest issue being the initial investment in a book when weighed against the possibility of an advance. But it certainly deserves the attention of any thoughtful authorpreneur, who should take a look before making the traditional-publishing-deal leap.”
Now, Kamy Wicoff’s thoughts as related in 2Paragraphs.com (Personal Stories Section):
A couple of months ago, I did something I never would have dreamed of doing when I began my career as an author: I turned down an offer from a Big Five publisher—and not, as would usually be the case, to take a better offer from another Big Five publisher. Why? Because, after carefully evaluating the deal and stacking it up against the risks and benefits of publishing my book (not my first, but my first foray into fiction) with my own press, the case for doing so was so compelling that even my deepest insecurities weren’t enough to stop me from seeing the light. Yes, it was hard to walk away from the validation and status that comes with a traditional book deal. But when I took a long hard look at what that deal had to offer and compared it with the thrilling new possibilities that thinking outside of the Big Five box now have to offer, it wasn’t much of a contest. This is partly because, in the years since I published my first book traditionally and now, radical changes in technology have made it possible for independent presses to do just about everything big publishing houses can do. But it was also because, in the years since my first book and this one, I founded a startup and learned, for the first time, to think like an entrepreneur.