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Hi There, new author here, just written a non fiction educational book, I received 20 or so Dear John rejections. AM said they would like to publish & promote, do all the sales & marketing. They want £2300 (payable in instalments) and they pay royalties of 25%. Obviously I would like cash in advance, keep 50% and they do all the hard work but I realise you don't get anything for nothing in this life and it sounds hmmm ok to me, what do people think ? About the deal and AM
< my advice is think carefully as self publishing on Amazon does not get your book proof read or edited, nor does it get you in any other book stores or media coverage.
H-A 25% gross of £9.99 is indeed almost £2.50. If you're getting that much for a print book then you've got an excellent deal. 25% of net is not anything like as much. Usually royalties are calculated on a net basis - that means you get your percentage after things such as printing costs, transportation, discounts to bookshops etc have been taken off. To be offered a percentage of net sales is standadrd practice and not a con - but it is something to take into account when calculating how soon, if at all, you might expect to get back your initial investment.Perhaps you could confirm for us whether or not you are recieving 25% gross?
So A-M pay 25% of the net sales price and printing, shipping etc comes out of their cut?
Net Profit means the retail price minus all direct costs pertaining to that book. This is dangerous because it means that the publisher could subtract a lot of costs before arriving at the profit figure. Some publishers have been known to lower the profit figure used for their calculations by taking out all of the following:* Print cost* Shipping to warehouses and retailers* Storage fees* Insurance and even* Marketing and Promotional Costs
So they pay 25% of net profit? (As you've said they don't pay 25% of gross and don't pay 25% of net sales that seems to be the only option left)
So A-M pay 25% of the net sales price
No PM, read the above post a big difference between Net sales price and Net profit.
So they pay 25% of net profit?
NET SALES PRICE the wording is different from NET PROFIT. not going to spell it out again
So, you're not entirely sure on what basis your percentage is calculated?
I suspect some who have never had a contract before may well just be pleased to receive one without understanding it.
Wow, this is an old fred.