So I Need Some Advice . . .
by
, January 24th, 2015 at 08:54 PM (9116 Views)
I'm currently hosting a serial at Jukepop Serials. It's one of their highest rated serials. Well, they're extending into publishing, but with a twist.
See, the author handles getting the cover, editing, and promotion etc while Jukepop publishes the work. However, to get the capital to do this, Jukepop has a sort of Crowd Funding set up. The author states how much they need and get donations and pledges.
However, instead of giving rewards for different amounts, if a investor donates an X amount they get a percentage of the profits. This gives them a stake in the success of the book. It also means that they might help promote etc so they can get more profit.
Of course I dug into it, after the investors percentage and Amazon's cut, I can keep a little over 50% of sales.
So, should I go for this or not?
(Now the most I could make out of royalties from most publishers is about 40% of profits.)