Warning: a little sarcasm ahead.
WOW! I just learned that I am VANITY-PUBLISHED! Wow! I get paid money up front above the RWA threshold (straight up, I don't have to 'earn it out' like standard royalty agreements), I get 40% royalties forever, and I don't pay them a cent. But you know what? RWA, in all their wisdom, has deemed that I and a TON of e-published authors (including the e-pub darling, Ellora's Cave) are VANITY-Published!!
So not only am I not "really" published, but I'm VANITY-published!
Maya Reynolds has the scoop.
That's just something. Many of us make more than New-York published authors, and yet we're considered vanity-published.
I don't believe in leaving an organization if you're unhappy. I believe in staying and using the system to make the organization better. I plead with upset authors to stay, unite, and reverse this alarming trend of RWA.
Which is why I'll stay, why I will NEVER join PAN/PRO (I think it's the most appalling thing I've heard of in any organization, ever), and I will campaign until my dying day to end it.
I will be very sorry to hear the outcry against this latest ruling. I hope too many people don't quit. They're essentially kicking a TON of people out of PAN.
You know, advances aren't the most important thing in the world. They're necessary, in the beginning, but in the end? It's like investments. You want to live off of royalties, not advances, if you want to have a secure living. Getting there is tough without the advances, though, just so you can buy the time to write that much/well. Getting there is nearly impossible if you don't earn out your advance.
With 40% royalty rates, I'd rather be published by an e-pub without an advance than a NY-publisher with a dinky little one to three thousand dollar advance that you don't earn out because of no support, and so you end up without another contract.
It's all a big gamble, isn't it? I mean, I wouldn't complain about a ten thousand or above advance, but to hear people talk, those are rare gifts these days, anyway.