I've mentioned that book here so often, you can all be forgiven for assuming that Ms. Poppendieck and I are secretly related, or that I have some lucrative
royalty deal with her publisher, but in truth, it's just an awesome book for anyone trying to wade through the byzantine mess that is our current national school lunch program and interested in ideas for fixing it.
Not exact matches
Since you, the fiction writer, are not
dealing with the
publisher directly as you can do these days, your
royalty statement and any money
with it FIRST goes to an agent in the country of the
publisher.
In that discussion, I was surprised to learn that one of the biggest issues book
publishers deal with every day is
royalty inquiries from authors.
Generally speaking (there is a small variance of course) the
deal with a traditional
publisher is your
royalty is 6.5 — 8.5 % of the wholesale price.
Numerous other reviews describe hassles in
dealing with the
publisher, receiving zero in
royalties, and battles over copyright.
It will be interesting to see if Ingram starts cutting similar
deals with other hot - selling indies, offering them terms and
royalty arrangements that
publishers can't touch.
You're still responsible for most of your marketing, have to
deal with your agent / editor about stuff, have edits, copy - edits, galleys, have to write blog posts for
publisher - set - up tours (not always to the most highly trafficked blogs),
deal with tracking down missing
royalty statements, etc..
A few
publishers offer unsuspecting authors a «traditional publishing
deal» — where the
publisher pays publishing costs and industry - standard
royalties on sales — paired
with a «mandatory marketing and author training contract» that requires the author to pay the
publisher (or an affiliated marketing agency) thousands of dollars for marketing and «author training» services.
In the past, if you were a solid writer
with an interesting idea, you had a shot at getting a
deal that would pay an advance against
royalties with a
publisher that assumed all publishing costs.
For the advance - and -
royalty deal, authors will receive a traditional publishing contract,
with the
publisher covering 100 % of costs.
They will also assist you in negotiating the terms of your contract
with the
publisher, and since they earn more if you do, they will ensure you get better
deals like a higher book advance or a bigger slice of the
royalty your book will generate.
While I've certainly held dreams of being traditionally published for many years, as an author, I wouldn't be thrilled if I were signed to a long - term
deal with a
publisher who was trying to kill e-books and giving me lower and lower e-book
royalties, while indie authors are about to get 70 %.
I don't have to worry about whether my
publisher will follow through on commitments, keep the work in print, contract
with shell companies in order to reduce my
royalties to pennies, or sell the right to publish my work to another company as part of a bankruptcy
deal.
Their main jobs are: — Connecting the author
with publishers, including the top publishing companies — Negotiating contracts and other
deals — Ensuring the payment or the
royalties, contracts, and such thing alike — Becoming a mediator in case there are issues between the
publishers and the authors — Helping the publishing process, including publication, review, and distribution
Under the best of circumstances, by exhibiting in Bologna, your top titles might generate rights interest
with publishers from several countries (typically, a foreign rights
deal includes a non-refundable advance and a
royalty rate of 7 — 8 %).
That's $ 5.60 more in
royalties than the same book would fetch from an Audible membership sale (assuming the
publisher is
dealing directly
with ACX, rather than through an aggregator).
If he wasn't making out better on his ebook sales than he was on his hardcover sales, then he had a shitty contract
deal with his
publishers, because Amazon offers much better
royalty rates for ebooks than you'll get from a traditional
publisher for hardcovers.
As part of the
deal, the
publisher will fund development of the game
with an investment of $ 7.75 million, plus 45 %
royalties on net sales and marketing services.