Since I got a message from GoodNovel on one of my Wattpad stories, I thought I would share this with everyone, just in case fanfic writers also get such a message and eagerly apply.
Whenever I get email, DMs, etc. from people who want to publish my stories, I do a deep-dive into them before replying. Writer Beware is an excellent source for finding out what your legal rights are with these groups and if they have loopholes to screw you out of money, or even out of your entire writing future!
In this case, GoodNovel will indeed pay you $150 for a "monthly attendance bonus"... if you sign their exclusive contract and write 50,000 words per month.
Anyone who has attempted Nanowrimo knows just how much of a challenge 50k a month is. To ONLY make $150 for 30 days of nonstop hard work... in my option, that's insane. If you're not making a MINIMUM of a penny a word, you're being cheated. (3 cents a word is the norm I've seen as the LOW end.)
The grant term extends "for the duration of Singapore copyright." Like the USA and most European countries, this means the author's lifetime plus 70 years. That means they own your copyright until you die, plus 70 years. It's unlikely that such a company will exist for 70 years after you die, but it still owns the copyright for as long as it remains in business.
If you want to break your contract, which is common, you first have to wait 36 months, and then according to the research by Writer Beware, "the writer must buy their freedom by paying back all the money they’ve received to date, plus either triple royalties (if total income is less than $200) or royalties times 20 (if total income is more than $200)."
I cannot emphasize how crazy that is. If you managed to make $1,000 in royalties and now a big firm wants to publish your book and turn it into a movie, you owe GoodNovel that $1000 back, plus another $20,000 to break free from their grip.
What is most terrifying to me as a published novelist in the process of writing a multi-book story is this part of the contract:
Writer Beware points out, "Taken literally, which contracts generally are, this requires the writer to submit anything they ever write to GoodNovel, forever."
If that's true, every other book I ever publish, even the 3rd novel I'm currently working on for the Ashby Chronicles, would have to be first submitted to them, although I'm already in the midst of publishing this series elsewhere.
That would be a nightmare!
I could also get into the issue of royalties, but that clause alone is enough to make me run away and never look back.
My point is this:
If you are a young writer, eager to make a living doing what you love, and you get a publishing offer, do your homework. Check Writer Beware, check Reddit writing forums, research into this group. Writers are good at writing about their experiences, so it isn't hard to find out if a publishing firm is legit or predatory.
I am not saying GoodNovel is predatory. Maybe it works for some casual writers who simply can't get published elsewhere.
I'm saying, for a writer like me with books on shelves and many more in progress, this is an offer I would need to refuse.
Thank you, next.