But that is what indy authors can offer: More risk, explore unchartered territory, and sell books cheaper because they aren't sharing
royalties with a publishing house that needs to make a profit.
Not exact matches
Another possibility is if a significant number of bestselling authors, unhappy
with the current digital
royalty rate, start self -
publishing or moving to smaller
houses.
Whether you're unpublished, self -
published, or working
with a traditional publisher (like Random
House), it's important to know that book
royalties should only be one of your many streams of income.
Major
publishing houses were reneging on deals
with already signed authors; changing
royalty payments from a percentage of the retail price to «net» of what was received.
There are hundreds of traditionally
published authors (authors
with the Big Five and other well - established, respected and recognized
publishing houses) who can not quit their day jobs because 1) their advances were too meager and 2) their
royalties too low and 3) non-compete clauses prevents them from «traditionally
publishing» any other work.
Let's look at the
royalties you can expect to earn
with both self -
publishing and using an indie
house.
With Greenleaf, authors have access to full in - house services, retain the rights to their work, and earn higher royalties than with traditional publish
With Greenleaf, authors have access to full in -
house services, retain the rights to their work, and earn higher
royalties than
with traditional publish
with traditional
publishing.
I maintain all of the control and earn more
royalties on sales — I would only receive a fraction of those revenues if I were
with a traditional
publishing house.
Amazon has a potentially industry - changing idea on its hands here
with Kindle Scout, as the system provides a way to give books a stamp of approval that can cut out the noise and sheer volume of self -
published titles out there, and yet it manages to provide a better deal to authors than most big
publishing house deals, including a 5 - year term on
publishing rights granted to Kindle Press, a $ 1,500 advance, 50 %
royalties paid on e-book sales, built - in Amazon.com marketing and what Amazon terms «easy rights reversion.»
Authors dream of being picked up by large
publishing house with visions of a big advance on
royalties.
Back in the day,
with a traditional
publishing house, you'd have to sell PILES and PILES of copies of your book before you «earned out» your pathetic advance and actually started earning
royalties...
Questions about being picked up by a major traditional
publishing house, leaving those professionals without their
royalties, have been raised, along
with veiled concerns that this is nothing more than a carefully screened list of names that the author must still hire up front.
I have no plans to share by
royalties with any traditional
publishing houses.
While the service offers much of the same things you would expect from any other quality
publishing house, the thing that stands out the most about Outskirts Press is that
with them you have the ability to set your own
royalty rates.
This includes finding and submitting to the right agent, editing, how the agent determines the best
houses to submit work to, what the editors look for when they receive a submission, how the process of contracting for a book works, basic information on
royalties, who has the responsibility for different parts of the process, time frames, the non-writing parts authors will deal
with, marketing, and many other aspects of being traditionally
published.
As a self -
published author (or even an author working
with a hybrid
publishing house where a fee is paid upfront for the
house's services), the process of a book's publication works «backwards» in a sense: you spend money in the beginning for editing, cover design, formatting and marketing, while retaining the rights to your book indefinitely and thus receiving full
royalties for as long as the book is being sold.
Since advances from publishers for other - than - the - biggest titles are also declining, those next - tier authors will find self -
publishing or
publishing with smaller
houses that pay lower advances but higher ebook
royalties an increasingly tempting alternative.
Without a literary agent or
publishing house to deal
with, all the
royalties you receive from each sale go straight into your own pocket.
Yes, it also means that you can look at your
royalties and know what's coming, as opposed to waiting and praying that the legacy
publishing houses remember to send the check
with the
royalty statement, and that the two match, and that the two reflect reality.
An author willing to gamble on this self -
publishing model can make ten times as much per book sold as compared
with royalty income from a major trade
house.
Under the advance plus
royalty model, authors are offered a more traditional
publishing arrangement,
with Random
House's standard eBook
royalty of 25 percent of net receipts.
And then, typically, either quarterly, or twice a year, or annually, again, depending on the size of the
publishing house and the ability for them to manage their
royalty process, they'll do an accounting for you, and say, we've sold X number of books
with net sales of X, and therefore, we'll be cutting you a check for say, 10 % of that amount.