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How does the Morgan James Entrepreneurial Publishing Model Compare?
Here is a quick overview of how the Morgan James Entrepreneurial Publishing Model compares with other publishing models. Items listed are in no particular order. If we left anything out, let us know.
| Features | Morgan James Publishing | Traditional Publishing | Self or Vanity Publishing |
|---|---|---|---|
| Author Rights | Author Maintains ownership of Intellectual Property rights | Publisher Maintains the Intellectual Property rights | Author Maintains the Intellectual Property rights |
| Time to Market | Books are brought to market usually in 3-6 months or sooner if logical | Books are brought to market usually in 18-24 months | Books are made available to the author usually in 3-6 months |
| Royalties and Advances | 20% Royalty across the board of Net sales, Paid Monthly and small advances paid | Average of 4% to 15% Royalty, depending on mode of sale and is typically based on Net sales, paid twice a year, with an average advance of $1,500 | 20% to 100% of net sales depending on whether you do it yourself or use a publishing service company with no advances paid, but typically a $10,000-$15,000 cost |
| Design, Editing, Printing | Books are given a custom designed interior and cover and all printing costs are covered. Authors provide a fully edited, proofread manuscript that we then perform an Editorial Analysis on to ensure quality | Books are given a custom designed interior and cover and all printing costs are covered. Publisher typically takes over editing and final manuscript content and quality | Authors assume all cost associated with design and printing. An author services company may offer template driven designs or custom design services to purchase |
| Bookstore Distribution | Full Bookstore Distribution both online and off via Ingram Publisher Services | Full Bookstore Distribution both online and off via Ingram Publisher Services or other reputable distribution solutions | No Bookstore distribution or limited online availability unless author hires distribution company directly |
| Continuing Education | Enrollment into The Entrepreneurial Author University at no cost to the authors | No Continuing Education | Typically no or expensive continuing education |
| Mastermind | Authors become part of our trademarked Entrepreneurial Vision Mastermind to establish the best future for title | Publisher takes over and makes all decisions | Author makes all decisions or hires own professionals to guide them |
| Publishing Fee | No Publishing Fee charged hidden or otherwise | No Publishing Fee charged | Publishing Fee charged and can vary from extremely expensive to relatively affordable |
| Author Book Discounts | Author may purchase books at print cost plus a percentage with volume and quantity discounts | Typically 50% of retail price and typically limited to a certain amount | 20%-65% off retail price depending on format and quantities purchased |
| Book Purchase Requirement | Author is asked to commit to purchasing, during the life of the agreement, up to 2,500 copies at print cost plus $2 | Many major houses require authors to purchase 5,000 copies, or more, of the book upon its release, usually at a 50-60% discount off retail | Typically Author is expected to purchase however many copies required to sell to the general public |
| Return Rate | Average of less than 25% bookstore return rates which are then restocked for resale, offered to the authors, or donated to Habitat for Humanity | Average of 45+% bookstore return rates which are usually shredded for the tax benefit | Books are typically sold on a non-returnable basis and are not available in bookstores |
| PR Support | Publicity Manager writes and sends out Press Releases and special pricing at approved PR Firms | Unless author is one of the top 6%, no PR Support is offered | No PR support is provided |
| Marketing Budget | Co-operative marketing monies made available to the authors on every book published | Unless author is one of the top 6%, no Marketing Budget is offered | No Marketing Budget is offered |
| Partner Status | Authors are treated as valuable partners in the process and are the most important member of the mastermind group created for each project accepted | Authors are sometimes treated as a partner | Authors are treated as a customer |
| Giving Back to the Community | A percentage of all sales across the board is donated to Habitat for Humanity and speaking opportunities available as well as international recognition for charitable works | No cause related marketing is typically associated at the publisher level | No cause related marketing is typically associated at the publisher level |