35 percent is still a lot more
than traditional publishers offer anyone these days.
Others will be sufficiently seduced by the prospect of earning «100 % of net» rather
than the traditional publisher offer of «15 % of net.»
Not exact matches
That royalty rate is definitely better
than most
traditional publishers offer.
However, since
traditional publishers own the means of mass production for print books, their per - unit costs are lower
than mine, which means they can
offer a print edition for less
than I can.
The best hybrid
publishers are those that conduct some level of gatekeeping or curation (i.e., not everyone who knocks on the door is accepted as an author),
offer some value that authors would have a hard time securing on their own (such as brick - and - mortar distribution), and pay better royalties
than a
traditional publishing deal.
To summarize: The best hybrid
publishers conduct some level of gatekeeping,
offer value that the author would have a hard time securing on her own, and should also pay better royalties
than a
traditional publishing deal.
I was just listening to a Joanna Penn podcast with Jane Friedman in which they said contracts
traditional publishers are
offering first - time authors are worse
than ever.
Royalty rates given to Amazon Publishing authors differ, but they tend to be far closer to the 70 % royalty given to those who self - publish on Amazon
than those
offered by
traditional publishers.
There are already more thrillers being cranked out by
traditional presses
than most people have time to read, and if those titles were all the same price as their self - published brethren, there would be much less incentive to try out the
offerings from self -
publishers.
They may not pay much of an advance, but they may also
offer somewhat higher royalties
than a
traditional large
publisher.
As I described in a recent post, Eisler said that what made the decision to go with Amazon easy was that the web giant promised to not only get his books to market faster — both in print and electronic form — but also
offered to sell them at a lower price
than the
traditional publisher, and apparently (although the terms of his deal weren't released) gave him a bigger share in the proceeds to boot.
Publishing Scam Artists: Spotting the Sharks Rather
than carefully selecting and investing in books in exchange for a percentage of profits as do
traditional publishers, or
offering self - publishing services such as editing or design for a fee and letting authors keep their royalties, vanity presses take a cut from both pieces of the pie.
The move promises to raise the already high anxiety level among
publishers about the economics of digital publishing and could
offer authors a way to earn more profits from their works
than they do under the
traditional system.
But given everything (including the abysmal
offer I got from a
traditional, midsize
publisher for my first book), I think I've made more money self - publishing
than I would have with a
traditional publisher.
The
traditional publishers also have an advantage in generally
offering larger advances
than Amazon, Masello said.
Philosophically, I believe people should be free to choose their own paths, but to me, the indie path seems to
offer so much more to the author
than traditional publishers do.
(Perhaps more importantly: a
publisher on the private Reading2.0 mailing list has said, to effect: there is no
traditional publisher in the world right now that can
offer Amanda Hocking terms that are better
than what she's currently getting, right now on the Kindle store, all on her own.)
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.
Traditional services like concept vetting, editing, and distribution are still important, but there may be no greater
offering to the individual Author
than the
Publisher's profile building experience.