Disclaimer: I just started with Inkshares.com. A few (very few) of my Twitter followers have had some success with inkshares, and based on their success, I decided to put something out there to see how it works.
I did my due diligence and read through the site where Inkshare states:
You’ll make 50% of gross revenue for each printed book we sell, and 70% for each ebook.
Hot damn. They handle formatting, editing, distribution, marketing, and TV/movie rights?! And all I need is to get 250 pre-orders. Amaze-balls!
So I throw up a couple chapters, add some cover art, and wait for the money truck to back up to the house.
Then I start reading. The FAQs are a little vague.
Do you pay the author on pre-orders, assuming one meets a goal? For example, if one reaches Quill goal with only e-books (assuming $10), would the author receive a check for 70% of $2,500?
Thank you for the clarification.
And the response:
Great question. Authors receive royalties after the 250 Quill preorder goal has been met. This so that production costs like editing and design are met. Does that clear things up?
Me (abbreviated): WTF? Why don’t you make that more clear.
Inkshares (in my imagination): Because people would stop using us.
Now — am I pulling my work off Inkshares? I don’t know. Click this link and find out. If it’s gone, you have your answer.
I actually don’t have a problem with this business model. I do have a problem with stating on your home page “You’ll make 50% of gross revenue for each printed book we sell, and 70% for each ebook” and failing to mention that unless you sell 251 books (or 751 books, if you pick the bigger gig) you won’t see a damned dime.
Be upfront. Integrity costs so little. Dishonesty can cost you everything.