At the convention this weekend I heard “Yog’s law” mentioned several times. In fact, just about any time anyone asked a question about publishing it was brought up. I honestly had never heard of Yog’s law even though the concept behind it was familiar.
Yog’s law simply states: “Money should flow toward the author.” It was coined by James D. Macdonald and has since be quoted by many people. Yog’s law warns against Vanity Publishing. Vanity publishers will publish your book, but it is entirely at your expense. You take all the risk. The book is not reviewed or edited before it is set into print either.
If someone raves over your book and offers to publish it but they want money from you don’t do it. “Money should flow toward the author.”
Vanity publishing is not the same thing as self-publishing. Respectable self-publishers often offer a variety of services such as editing and cover design. They make it clear how much each of their services cost and where your money is going.