Normally, I find a "learning" for any picture or anecdote, but I confess that today's link is a bit tenuous. It is that I wish Vanity publishers would be as up front about their vanity as I am about mine. I keep hearing stories of people being sucked in and not having a clue what's going on.
Remember Golden Rule number one: the person entitled to earn money from your writing is a) you (first) and b) the people who work to help make your book into a proper book that anyone might want to read. If the so-called "publisher" offers you neither advance, royalty nor fee, EVER, it is not a publisher and you will not be published. You will simply be wrapped in a tacky cover that people will be amazed at for all the wrong reasons. (Oh, and btw, the fact that it's "Arts Council funded" doesn't tell you anything relevant.)
Edited to add: I just came across a very informative site by Johnathon Clifford, who gives a lot of pretty clear advice about how to tell what's a Vanity press or not (including how to spot the GOOD ones, for there are good ones and perfectly valid reasons why you might choose this method for certain books that could not be commercially published.)
Lynn Price and Jane Smith (through her guest blogger, David L. Kusminski) have also been thinking about the ways that unwary authors can be deceived by various scams and promises. As always, they bring you important insights. In fact, it was reading Jane's guest post that reminded me how annoyed I am by the traps that catch unwary authors.
So - cue learning point - keep on your toes: even if they are pointy and pink and somewhat decadent.