Hey, I greatly appreciate each of you for your support and especially enthusiasm. My first book Fine Gunmaking: sold out the first printing of 4500 in the first eight months in 1998, Krause Pub. ordered a second printing of 4500 immediately as sales slowed. ( I averaged about $2 per book over the course of the sales, 10% of actual sales price, pretty standard) A collection of my early Shooting Sportsman articles poorly edited and you should have seen the flack I caught right on this forum for all the misspelled words.... I re-edited every page, by my self, for the second printing. I kept the copy with all the pink and yellow high-lights.
I was tremendously lucky with my timing, not much else available on the subject, but I never received a royalty check for more than $900 a quarter. I bought the last 300 remaindered and held on to them for about five years until the used market caught up with the retail price, and am now selling them again as an exclusive.
The Custom Rifles book was entirely self-published and printed here in Montana, with a partner who found out she didn't enjoy sales... and you've already heard that story. The real money I made was in finding a high class of clients, but the idea was to make money on multiple, book sales.
When I had enough material for the third book, Double Shotguns, I called my editor at Krause, long gone as the company had changed hand twice, the new book aquisitions editor did not even return my phone call! When I finally got ahold of him he said, " You've got a great piece, but we are not interested, we no longer warehouse books. They've got to amortise in one year like Gun Digest."
After waiting most for a year for an incompitent, and later fired editor, I signed a deal with Shooting Sportsman Press who had all the stories archived (was six weeks late with my first advance money on a six month deadline!) and then spent six months re-editing with a very experience book editor, the entire manuscript. You have no idea how much work it is to change magazine stories into book chapters, and if you think it easy, read Mike's book (this is no knock on him and he knows I love the book) it reads like a bunch on magazine articles and not like a book. (Petrov is also very luck to have a corner on the subject and had to work his ass off for virtually nothing for decades to come up with enough material for a small, thin book with B&W photos. Again, Mike knows the reality of what I am saying, and it is a wonderful publication, but not really a professional presentation. Just wait till he prices color, my most recent has 10 pages and the rest converted from color to B&W. What a shame, eh?)
Brent, Whitey, Joe, you are great guys and in my corner I'm sure, but as much as we would all love to see more great gun books, it is a very tough row to hoe, ask Tom Rowe, or Ludo Wurfbain (Safari Press), or Dave Brennan... Ask Campbell if he made any money?
I'm trying to make a living... you guys do something else for a living. It's different.
I wish you the best of success and am seriously thinking about starting my own Specialty Gun Books Publishing Co. with the experience I've gained, but don't have nearly enough money, and don't have the energy I once had...And I'm serious, I've got
a whole color book written and illustrated, anyone care to publish it? I'd hire that editor to help me turn the magazine article into a book in a minute, if I had any money. And as much editing as I've done, I'd still hire a professional editor.
(Double Guns had sold about 2000 in the first year, paying back my $4000 advance which paid me for the time converting it and then netting me about $1000 but I'm now a shipping clerk so I make a bit more money, and you should be seeing it excerpted in Am. Rifleman - my doing not the publisher- in Feb. which should help a bunch, but it is all work and I don't enjoy being anybody's hero) Even got in in Sam's Club last xmas, sometime I will tell you about that debacle!
I'm a real lucky guy, and do enjoy what I do, counting my payoffs differently than most folks, but it is not like knocking over a string of dominos, more like walking over a string of knocked down dominos.
It's time for a glass of Maker's Mark...
Thanks guys!