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Triple Crown success
As time went on, Stringer learned much about how to run a publishing company. "Small-time operations are a lot tougher to work with than the big companies, though, because they take a lot longer to pay. I've started weeding out low-level distributors who work on a consignment basis. Triple Crown is a bill-paying company, so I get real angry sometimes and feel like bringing out my gangsta background, but I don't act that way anymore. Becoming more professional has been one of my biggest challenges in building the company." Stringer operates by signing unknown writers at a lower fee and then helping them move on to bigger publishing houses. "My advances range from $5,000 to $25,000 and the authors get a 10 percent royalty rate, which is about $1.50 per book. It's easier to work with writers when they're excited and don't have the ego." Email This Post |
The First Word On the Book Publishing Industry
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