book royalties
DESCRIPTION
By definition, book royalties are a percentage of sales of a particular book. Needless to say, the hundred percent that book publishers refer to is the hundred percent an agreed percentage. First-time authors confuse book sales with book royalties.TRANSCRIPT
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Book RoyaltiesHow Publishers Pay
Authors?
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Understanding Book Royalties
Book publishing and/or marketing terminologies such as “book royalties” sound foreign to some authors, if not all. Thus, “receiving a hundred percent of book royalties” is music to the ears, until an author knows what book royalties mean.
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By definition, book royalties are a percentage of sales of a particular book. Needless to say, the hundred percent that book publishers refer to is the hundred percent an agreed percentage. First-time authors confuse book sales with book royalties.
Understanding Book Royalties
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When a book is purchased, authors assume immediately they obtain a hundred percent of the sale. Unfortunately, that is not how it works. There are things that authors need to consider: share of the literary agent, share of the self-publishing industry, shipping fee, cost of print, and etc.
How Self-Published Authors Obtain Their Share
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As a matter of fact, authors only get 8% of the retail price for the first 150, 000 copies sold for paperbacks. Then, two percent will be added once the number of sold copies exceed 150, 000. As for paperbacks, authors get 10% of the retail price for the first 5,000 copies. Thereafter, the royalty increases to 12.5% for the next 5,000 copies sold. If the number of books sold exceeds 10,000, the royalty increases to 15%. These rates depend on the agreed terms between the author and the self-publishing firms, though these rates are “typical”.
How Self-Published Authors Obtain Their Share
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These rates sound nothing like the “100% royalties” most publishers promised you, right? Surely, you can’t just rely on your self-publishers—consider the services of online book marketers or online book publicists. As experts in the field of marketing, they ace in heightening your book’s visibility in a given timeline. Know more about the advantages of working with book publicists.
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