in Book Publishing
means money, and money means everybody
looks at the matter closely.
the big subject!
simple, right? You agree on a flat royalty of
??% on each copy of your book that's sold.
That's only the starting point. Here are other
things which must be considered.
at what price? The
cover price? The wholesale price? (Bookstores
pay only 50% to 60% of the price printed
on the cover, keeping the difference as their
where? In this country? Abroad? In English?
In translation? In bookstores? On newsstands
(which may pay more or less wholesale for
mail-order or a book club (in which case
the publisher may get 100% of the cover price
rather than the 50% or 55% received from
a sale to a bookstore)? In hardbound or paperbound?
As an e-book or podcast? Sold as part of
a big discounted lot? As a remainder? Sold
as printed sheets (unbound) for binding abroad?
must spend lots of time quizzing your publisher
about how the book will get to its audience in
order to be able to construct the royalty clause
to your advantage.
Your book contract should also
include a clause allowing you to inspect and
audit the publisher's royalty records to assure
proper and timely payment. I once had an audit
done on a publisher that produced $24,000 in
unpaid royalties to me. More...
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