What is a fair book royalty?
This week on the People’s Guide to Publishing podcast, Joe and Elly answer a listener question: What is a fair royalty for a publisher to offer to authors for the rights to publish their books? There are a lot of different royalty agreements out there, each one more confusing than the last. Should you pay based on a percent of the cover price? Based on gross sales (ie, the amount the publisher actually gets paid per book sold)? Based on net sales after printing costs? Profit sharing?
Find out how these various options work, the costs and benefits of each, and how certain so-called indie publishing platforms use large numbers to trick you into agreeing to unfair royalty agreements. Listen or watch! And don’t forget to subscribe to hear our newest episode every Thursday.