Not that that fact is stopping me now... We first suggested that we (Amazon and Hachette) jointly
make author royalties whole during the term of the dispute.
But EAF is focused on
making authors royalties.
Not exact matches
Previously, KDP Select
authors would get a
royalty payment if a reader
made it past the 10 - per - cent mark of their book.
«These funds will permit Quantopian to
make larger allocations and therefore pay larger
royalties to
authors of profitable algorithms,» said John Fawcett, CEO of Quantopian in a statement.
Many others are well - selling
authors who
make a lavish living from passive income from advances,
royalties, seminars, and product sales — which all started and then snowballed — from the sale of their book (which of course started with writing a book proposal).
However, if you want to
make the most money (especially on Amazon, which only allows
authors to receive 70 percent in
royalties if the book is priced at $ 2.99 or higher — $ 1.99 and $ 0.99 books only allow
authors a 35 percent
royalty rate), then $ 4.99 appears to be the best price point for selling a good amount of books (though far less than with a lower price point) while
making the most in profit.
I would estimate that the average annual income for self - published
authors is slightly lower now and, having seen a number of
authors quit over the last couple of years in order to get full time jobs because of financial problems, it hasn't gotten any easier to
make ends meet on just book
royalties.
I buy them at my
author discount of 35 %, and sell them on at full, or near full price, so my purchases count as sales — 10 % gives me # 1.46 towards my
royalties — plus I
make around # 7.50 each copy if I sell at full price.
The
author's
royalty is not a particularly high percentage of the sale because the publisher is putting up all the money and taking most of the risks so they rightfully expect to
make the lion's share of the profits.
Not only was an
author paying to have the book
made, but they weren't getting the benefits that
make self - publishing such a desirable option: the retaining of their copyright, and the ability to monitor, control, and receive their
royalties!
The simple answer is it
makes sense for both
authors (universal distribution, more sales, and higher
royalties) and readers (cheaper than print, instant delivery, and mobile access).
that you, the
author, can
make decisions about the design and content of your book, determine your
royalty and give us non-exclusive rights which can be terminated at any time.
Less than 1 % of published
authors actually
make a living wage from their
royalties — and for every Dan Brown (not an extremely gifted writer by the way!)
Pointing out that «
authors remain the only essential part of the creation of a book and it is in everyone's interests to ensure they can
make a living», it tells publishers that «unfair contract terms, including reduced
royalty rates, are a major part of the problem».
Of course, this could be a sign of something less dire, namely that Amazon will work with larger files and let
authors sell overly long titles at 50 %
royalty in order to
make up for what the company is footing in terms of file transfer fees and hosting.
The publisher
makes its agreed upon
royalty — which it goes on to divide with the
author according to their contract — and the consumer stands to benefit from an all - out price war among the retailers.
Smashwords also has some perks that
make me wish the outfit had
made more inroads into the ebook market on its own merits (as a seller and not just a distributor), such as the ability to issue coupons, to offer affiliates a greater percentage of the sales price, and the fact that
authors receive a higher
royalty rate there than at any of the other stores.
Most indies were sticking to $ 2.99 and up because Amazon
made $ 2.99 - $.9.99 the point at which
authors could earn the highest
royalty percentage.
While it's true that not every successful
author (indie or otherwise) falls back on a mailing list for promotion, it's a tool that has helped numerous
authors go from obscurity to
making a living with book
royalties.
Instead we offer more practical approaches like
author web pages to which you can sell your books and
make more
royalties than you do with Amazon.
Personally, I think the higher
royalties is better because they will
make more in the long run if the book sells well, but sometimes,
authors» financial needs
make it important to have a big advance up front.
What if those same stores react by dropping
royalty rates (I know I wouldn't be
making a living on ebook sales alone if Amazon suddenly decided to give indie
authors 20 % instead of 70 %)?
Trying to draw a comparison between the two does not
make for a good argument that KDP will lower
author royalties, since it has virtually no overhead costs, all of which are borne by the
authors.
Publishers also establish a level of changes which they will allow the
author to
make in the final stages of production, often 10 % or 15 % of the cost of preparing the proofs, above which the
author will be charged against
royalties.
Especially not enough sales to
make up the difference to the cut in
royalty compared to self - published - only
authors.
I'm guessing that this is going to
make not one iota of difference in the way Samhain pays the
authors that it promotes to Samhain Gold; Samhain then gets to send editors to conference (comped)(provided that they take pitches only for the Samhain Gold line), and we have a very simple test for allowing e-publishers: If you believe you can guarantee decent
royalties for a good number of
authors (although not for all of them), you're in.
I'd also guess that Amazon offering
authors 100 %
royalty will no doubt get some of them thinking how little they're actually
making with Hachette.
For a long time, that
made it really easy for
authors and agents to review
royalty statements.
We need the
authors to work with us to promote their books online and if we're increasing sales they're
making more money in
royalties.
A year ago, I don't think anybody would have predicted that Janklow and Nesbitt were going to
make a deal to self - publish books of their best
authors whose books were out of print or who wanted to
make more money on their
royalties.
Amazon
made waves by offering a 70 %
royalty rate to indie
authors starting on June 30th, 2010.
These companies
make money by charging
authors for these services and / or taking a cut of the book's sales and paying the
author a
royalty.
The expense of printing, distribution, and storage is non-existent for e-books, so it
makes sense for
authors to keep a larger share of the
royalties.
Furthermore, sales through HarperCollins» website are likely to
make up only a very small percentage of an
author's total book sales, meaning the
royalty increase wouldn't necessarily account to much.
«We've reached a point where
authors can
make a much higher
royalty by self - publishing and are free to experiment in ways a big publisher can't.
«Non-traditionally-published» ebooks
make up 58 % of all Kindle ebooks bought in the US, while these
authors earn almost 60 % of Kindle ebook
royalties.
Diane — If possible,
royalty share
makes the * most * sense for
authors.
The Publisher shall
make quarterly
royalty payments and statements to the
Author beginning six months after date of publication, so long as there are Proceeds available for payment to the
Author.
Speaking of
royalties,
authors retain 100 % of anything they
make, but each book costs around $ 199 to publish!
And we know that self - published
authors are
making seventy percent and traditionally published
authors are
making seventeen and a half percent, so even though the price for self - published books is lower it's more than
made up for by the
royalty.
Traditionally published
authors unsurprisingly receive the lowest
royalty percentage, hybrid
authors were next, followed by self - published
authors who
make the highest
royalties.
According to the most recent report, self - published titles
make up more than one - fourth of the books published on Kindle, yet indie
authors make 40 % of the
royalties, which is more than the Big Five publishers receive combined.
Authors and publishers have experimented with different ways to avoid paying the
royalty commission to book retailers, opting instead to lure readers to their own websites to
make their ebook purchases.
BookBaby has already
made a name for itself as not only a digital distributor who does not take any portion of sales
royalties, but also as a site that offers book discovery tools to its
authors.
Essentially, BookBaby, has found that charging legitimate
authors an upfront fee to process and distribute their ebooks may cause some to ultimately opt for one of the sites that
makes its profit out of
royalties rather than pay an initial investment; however, this same business model means that spam and piracy can be kept to a minimum as get - rich - quick scammers are loathe to shell out the upfront cost.
Until large - scale efforts to entice reading consumers away from Amazon are effective,
authors who
make higher
royalties on higher book prices still may not sell the volume they wish to sell.
While no publisher can give
authors the
royalty percentage they get from KDP and other online platforms (our overhead
makes that impossible) we can definitely compromise at a fair level; Bell Bridge pays 40 percent net on ebook
royalties.
Actually, that's not true: not even a small percentage of published
authors make a living from their
royalties.
Many
authors find that is worth paying the upfront cost of a PFH project, in terms of the caliber of narrators who audition and in terms of profits
made from
royalties.
But for the hell of playing devil's advocate, I broached the notion of what happens if Amazon decides to
make their 70 %
royalty rate PERIOD contingent upon being a KDP Select
author?