I’m not here to discuss the merits or lack thereof of Booktrope or ARe. I did that in other posts. What I need to discuss here is the future.
You see, these closures were right on time. And several other closures will follow in the next few years.
Some of the upcoming closures will be predictable. And others will catch us all by surprise.
Why am I saying this?
Many long-time traditionally published writers get stuck in the wrong number. We look at copies sold rather than income earned.
Indie-only writers know better. They understand modern numbers for what they are—great for writers.
I was going to write a blog on why you never hire people for a percentage of your sales for the life of the project. I was going to look at some of the contract terms that writers should be wary of, from companies like Booktrope, companies that still exist.
And then I choked on a big gigantic paragraph in the Booktrope sample author agreement. This big gigantic paragraph is the one thing that allowed Booktrope to raise millions of dollars. Had Booktrope succeeded, that success would have come at the expense of its authors.
The scary thing is that other companies are behaving the exact same way.