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Category Archives: Author Royalties

How Much Do Authors Really Earn?

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Million-Dollar-Question

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“It doesn’t help authors to say that 70% of the book market is in print if only a small fraction of that money ends up in authors’ pockets.  What we want to see is the combined effect of royalty rate, sales volume, and sale price.  These three factors combine to give us a true picture of comparative earnings, as shown in our pie charts” says Hugh Howey, founder of Author Earnings.
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A Fantastic Report About Author Earnings
He explains: “Sports stars, musicians, actors— their salaries are often discussed.  This is less true for authors, and it creates unrealistic expectations for those who pursue writing as a career.  Now with every writer needing to choose between self-publishing and submitting to traditional publishers, the decision gets even more difficult. Online Book Retailers, such as Barnes&Noble or Amazon don’t share their e-book sales figures.”
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Website for Authors, by Authors
Author Earnings, a website by authors and for authors looks at independent authors, small/medium publishers, Amazon published, Big Five published and uncategorized Single-Authors.  All the pie-charts on Author Earnings are divided into all the types of publishing.  The purpose is to gather and share information so that writers can make informed decisions.  Another mission is to call for change within the publishing community, for better pay and fairer terms in all contracts. 

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Some of the Findings

• Big-5 publishers are massively reliant on their most established authors – for 63% of their e-book revenue.
• Roughly 46% of traditional publishing’s fiction book dollars are coming from e-books.
• In absolute numbers, more self-published authors are earning a living wage today than Big-5 authors.
• Readers are interested in both: the quality of a book and the price
• Very few authors who debut with major publishers make enough money to earn a living—and modern advances don’t help.
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Publishing in Print or Digital – or Both?
Author Earnings:
“How much money is being spent on print overall and how much on Amazon’s digital storefront?  Before we got to money, we looked at actual unit sales, which came out to be 61% digital and 39% print.  That’s a total different picture, comparing versions at a retailer that sells both: ebooks and print books.”
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These, so far, nine extensive reports – chock-full with charts, explanations and publishing tips – are a valuable resource for every author.  Here is the latest from October 2014:  Author Earnings.

Another question: Why should you have a print book and not the digital version only?  In a former blog post we gave you all the reasons to offer both: e-book and print. Check these reasons if they are valid for you too.

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If you would like to get more support in all things publishing, have your book intensively promoted and learn how to navigate social media sites – or to learn how you can make yourself a name as an author through content writing: We offer all this and more for only $179 for three months – or less than $2 per day! Learn more about this customized Online Seminar / Consulting for writers: http://www.111Publishing.com/Seminars

Please check out all previous posts of this blog (there are more than 1,100 of them : ) if you haven’t already. Why not sign up to receive them regularly by email? Just click on “Follow” in the upper line on each page – and then on “LIKE” next to it. There is also the “SHARE” button underneath each article where you can submit the article to Pinterest, Google+, Twitter, Facebook, Tumblr and StumpleUpon.

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Amazon Pays Advances for Your Book?

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Worldwide-Book-Rights

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Writers everywhere get excited about an email from Amazon, where they explain a glimpse into offering a new program, a crowd-sourcing program:  
Your readers and followers can decide if an e-book / audio-book will be published by Amazon – and you can keep the print rights.  There will be a (small) advance, royalties and certainly Amazon’s tremendous marketing power.  Here are the first details:
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  • Focused formats: We acquire worldwide publication rights for the e-Book and audio formats in all languages. You retain all other rights, including print.
  • Submit your complete! (means edited) never-before-published book and cover.
  • After a few days, we will post the first pages of each book on a new website for readers to preview and nominate their favorites.
  • Books with the most nominations will be reviewed by our team for potential publication.
  • Should you be selected for publication you will receive benefits that include:
  • Guaranteed advance & competitive royalties: You will receive a guaranteed $1,500 advance and 50% royalties on net eBook revenue.
  • 5-year renewable terms, $5,000 in royalties: If your book doesn’t earn $5,000 in royalties during your initial 5-year contract term, and any 5-year renewal term after that, you can choose to stop publishing with us.
  • Easy reversions: After two years, your rights in any format or language that remains unpublished, or all rights for any book that earns less than $500 in total royalties in the preceding 12-month period, can be reverted upon request – no questions asked.
  • Early downloads & reviews: One week prior to release date, everyone who nominated your book will receive a free, early copy to help build momentum and customer reviews.
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Update:  Not Yet Worldwide …

Amazon sent out this information (October 2):
We’ll be welcoming submissions for English-language books in Romance, Mystery & Thriller, and Science Fiction & Fantasy genres. Any adult with a valid U.S. bank account and U.S. social security number or tax identification number is eligible.

Here are the things that you should prepare to successfully submit your book:
Complete, never-before-published manuscript & book cover image – We’re looking for 50,000 words or more in Word format and a book cover image that reflects the essence and uniqueness of your book. Make sure your work is ready for others to read. Only the first pages will be posted to the website (approx. 3,000 words).

Book one-liner – A very short pitch (no longer than 45 characters) for your book that will be used on the homepage and throughout the website. Think of examples like “Space opera meets the Middle Ages” or “How far will one woman go to save her family?”

Book description- Help readers understand the content and quality of your book. Keep the description to 500 characters or less.

Your bio & picture – Give readers a chance to learn more about you. You will also have a chance to answer relevant questions regarding your book and personal story in a short Q&A section.
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We’ll also ask you to review and accept our submission and publishing agreement that grants us a 45-day exclusivity period to post your excerpt and tally nominations. If chosen for publication, you will receive a $1,500 advance, 5-year renewable term, 50% eBook royalty rate, easy rights reversions, and Amazon-featured marketing. If not, you automatically get all your rights back at the end of the 45-day exclusivity period.
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Read Behind the Lines:
The titles selected for this Amazon program will not have their books published by Amazon Publishing. This is mainly why they are not offering book editing or cover art design. Instead, Amazon is hoping to give authors another reason to exclusively publish with them and forgo submitting their titles to the trade publisher competition. Net-Royalties could be 10% of gross list after deducting everything the publisher can charge to the project – including salaries and marketing…

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Hybrid Between Trade Publishing and Self-publishing
Higher royalty rates might lead to the expectation that some of those functions are the author’s responsibility.  Not only are the royalties higher than normal trade publishing royalties, Amazon offers very liberal release terms, both for rights not exercised within two years by the publisher and for situations in which the royalties are lower than expectations.  Amazon will put extracts of the books on a website and call for the audience to vote for their favorites, with the most popular going on to be considered by an Amazon panel for publication.

The rights cover ebooks and audio, but you get to keep the print book. The length of term depends on how much your book makes. If the book has earned less than $500 in royalties in the previous year, then you can get the rights back after two years and if the book doesn’t bring in $5,000 royalties in the first five-year term, then you can also quit.
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Author Comments:
“As an indie author almost anything short of my soul would be worth Amazon having an interest in my book and advertising it FOR ME. We all know, selling more of one book means selling more of your other books. Usually hardcore Amazon advertising is reserved for large publishing houses with huge budgets. We get bones tossed to us when we do a good job, but a targeted campaign? When Amazon wants to sell something they do a fantastic job of it. The big attraction is the fact that Amazon can push any book into their best-seller lists with their email campaigns and promotions. For sure, it will generate more name exposure, which could lead to more sales of your other books.”

“I assume Amazon will put a promotional push behind these books like they do the Kindle First books, especially since Amazon is invested in them. 50% of a promoted book could easily make more than 70% of a non-promoted book. It also means that if you publish an additional paperback, it will indirectly benefit from whatever advertising Amazon does for your e-book and audible.”

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The offer includes an advance payment of $1,500 and 50% royalties on net e-book revenue. A 50% royalty for being published (and promoted) by Amazon sounds a reasonable deal, but “net” doesn’t mean half of the retail price.  If you would like to sign up to be notified when this program launches, Amazon has started a mailing list. Details on this site: http://www.amazon.com/gp/gss/detail/29134490/ref=pe_1148920_123694410_pe_button/1?tag=skim0x9814-20

Most important of all for your success in this upcoming new program, is to have LOTS of FOLLOWERS on SOCIAL MEDIA to vote for your e-book’s and audio-book’s publishing deal with Amazon!

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Read more:
http://rogerpacker.com/blog/authors-got-talent-coming-soon-amazon/
http://the-digital-reader.com/2014/09/22/amazon-publishing-crowd-source-next-books-now-recruiting-kdp-authors/
http://www.publishersweekly.com/pw/by-topic/digital/content-and-e-books/article/64103-amazon-launching-new-crowdsourcing-publishing-program.html
http://goodereader.com/blog/e-book-news/amazon-unveils-new-crowdsourcing-program-for-kdp-authors

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If you would like to get more support in all things publishing, have your book intensively promoted and learn how to navigate social media sites – or to learn how you can make yourself a name as an author through content writing: We offer all this and more for only $179 for three months – or less than $2 per day! Learn more about this customized Online Seminar / Consulting for writers: http://www.111Publishing.com/Seminars

Please check out all previous posts of this blog (there are more than 1,100 of them : ) if you haven’t already. Why not sign up to receive them regularly by email? Just click on “Follow” in the upper line on each page – and then on “LIKE” next to it. There is also the “SHARE” button underneath each article where you can submit the article to Pinterest, Google+, Twitter, Facebook, Tumblr and StumpleUpon.
Thanks a lot for following:

@111publishing

http://www.111publishing.com

http://www.e-Book-PR.com/

http://www.international-ebooks.com/

http://bit.ly/VmtVAS 111Publishing @ Google+

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Did You Write a Kindle Single?

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Kindle-Single

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Many writers have taken a strong 70-page idea and stretched it into a weak 300-page book because that was what the industry demanded. Amazon gave short formats – Singles – an identity.
Any writer can approach Amazon directly, as Stephen King, a prominent author, did with Guns,  a nonfiction essay too long, at 8,000 words, for most newspapers or magazines. Another hit was his Single Mile 81, a top seller.

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Amazon’s Sub-Store
In January 2011, Amazon launched a sub-store on its US website to sell something it called a “Kindle Single” : “Compelling Ideas Expressed At Their Natural Length”, as they call it. The internet giant Amazon pays 70% royalties, for Singles priced between 99 cents and $4.99. “Typically between 5,000 and 30,000 words, Kindle Singles are editorially curated and showcase writing from both new and established voices – from bestselling novelists and journalists to previously unpublished writers.”

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The Guardian explained:
“It may not sound like a call to revolution. But Kindle Singles are. Writers can seldom express ideas “at their natural length”, because in the world of traditional print only a few lengths are commercially viable. Write too long, and you’ll be told to cut it (as Stephen King was when The Stand came in too long to be bound in paperback). Worse, write too short, and you won’t get published at all. Your perfect story is 50 pages long – or 70, or 100?  Good luck getting that printed anywhere.  Commercial print publishers have never liked novellas or novelettes, authors always have. Indeed, many writers have done their best work at that length, despite the difficulty of finding publication.  Hence the revolution.  Because the new length exploits this hole in traditional publishing.”

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How Much Do Kindle Single Authors Earn?
The top-ten list of bestselling Kindle Singles includes a number of big-name writers. But how is the format working for writers who don’t have the brand of a Stephen King or Jodi Picoult? Gigaom.com offers well-researched insights from their interviews:

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Author: Oliver Broudy

Bio: Former managing editor of the Paris Review; writer for Men’s Health
Kindle Singles: “The Saint,” $1.99 (3/2011), “The Codex,” $1.99 (10/2011)
Sales: “The Saint”: 41,826 copies, “The Codex”: 5,009 copies (both figures through January 2012)
Estimated royalties ([price * number of copies sold] * 0.70): $65,241.16

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Author: Frank D. Gilroy
Bio: Author of the 1965 play “The Subject Was Roses,” which won the Pulitzer Prize and Tony Award
Kindle Single: “Lake,” $1.99 (11/2011)
Sales: 12,500 as of February 2012
Estimated royalties ([price * number of copies sold] * 0.70): $17,412.50

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Author: Mishka Shubaly
Bio: Musician; bassist for The Freshkills
Kindle Singles: “Shipwrecked,” $1.99 (4/2011), “The Long Run,” $1.99 (10/2011), “Are You Lonesome Tonight?” $1.99 (3/2012). “The Long Run” is the ninth-bestselling Kindle Single overall, by units.
Sales: “Shipwrecked”: 21,024 copies, “The Long Run”: 60,567 copies, “Are You Lonesome Tonight?”: 11,406 copies.
Estimated royalties ([price * number of copies sold] * 0.70): $129,544.82

Read the whole story by Laura Hazard Owen in her post: “Exclusive: How Much Do Kindle Singles Authors Make?”

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If You Want to Have Your Single Published
Amazon criteria’s – Submission Policies – are:
• Original work, not previously published in other formats or publications
• Self-contained work, not chapters excerpted from a longer work
• Not published on any public website in its entirety
• Currently not accepting how-to manuals, public domain works, reference books, travel guides, or children’s books
“A Kindle Single can be on any topic. So far we’ve posted fiction, essays, memoirs, reporting, personal narratives, and profiles, and we’re expanding our selection every week. We’re looking for high-quality writing, fresh and original ideas, and well-executed stories in all genres and subjects. You also can write to our editors at kindle-singles@amazon.com”
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The latest Kindle Single Bestsellers in a variety of genres can be found at Amazon’s “Singled Out” page.
If you are an author and already published a Single at Amazon, let us know about your experience and success.

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If you would like to get more support in all things publishing, have your book intensively promoted and learn how to navigate social media sites – or to learn how you can make yourself a name as an author through content writing: We offer all this and more for only $179 for three months – or less than $2 per day! Learn more about this customized Online Seminar / Consulting for writers: http://www.111Publishing.com/Seminars

Please check out all previous posts of this blog (there are more than 1,100 of them : ) if you haven’t already. Why not sign up to receive them regularly by email? Just click on “Follow” in the upper line on each page – and then on “LIKE” next to it. There is also the “SHARE” button underneath each article where you can submit the article to Pinterest, Google+, Twitter, Facebook, Tumblr and StumpleUpon.
Thanks a lot for following:

@111publishing

http://www.111publishing.com

http://www.e-Book-PR.com/

http://www.international-ebooks.com/

http://bit.ly/VmtVAS 111Publishing @ Google+

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Want to Write for Glory? Or for Money?

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Writing-Query-to-Publisher
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At a recent meeting of independent writers I met a young women, who told me about an event she wanted to visit: the “path to publishing”.  The highlight will be a literary agent who accepts query letters from participating aspiring writers.  I asked her why she is querying to publishers. “Do you want to write for glory – to see your book for a couple of weeks in bookstores – or do you want to earn money with your writing?”  I admit, a bit provocative.  I explained her what she can expect as “published” author including the minimal royalty of only 8-10% what an author gets – compared to 70% (or almost 100% for sales from the authors website).  
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  1. Having an established platform and an idea how to brand yourself
  2. The first book has to be successful from day one!  Bookstores give only a couple of weeks for success
  3. Expect an exclusivity clause in your contract for series / similar topics
  4. But first of all:  Proof the publisher you and your book will be a success
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There are some questions that trade publishers and literary agents frequently ask writers before they sign them up. The problem is most writers are caught off guard by these questions and don’t always answer them the way they would’ve liked. So prepare ahead of time!
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Why do you want to be published?
Seems like a simple question, right? The agent isn’t just interested in your answer but your attitude. Let’s take a look as how some of your answers COULD be perceived…
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Answer #1: I just want to get my story on paper.
Agent’s reaction:  Then you don’t need me. If you’re not going to take this seriously and consider writing your new career, I’m not interested.
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Answer #2: I want to share my stories with the world.
Agent’s reaction:  Why would anyone want to read your stories? What makes you more special than any other writer out there? If you don’t know what’s unique about you and you can’t sell yourself, how am I supposed to?
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Answer #3: I want to become a bestseller and make a bundle.
Agent’s reaction: Get real.  Do you know how hard it is to become a bestseller? Do you understand how much work is involved? Why do I get the feeling you’re not interested in the writing, just the possible financial benefit.  Oh, did I mention you will make next to nothing with your first book and possibly every book after that? If you want to become a millionaire, buy a lottery ticket. Your odds are probably better.
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Answer #4: I want to be famous.
Publishers reaction:  That’s not going to happen overnight. Are you willing to put in the time and sweat?  What if you don’t amount to more than being a mid-lister?
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Here are more questions, which could come in many forms:

  • What’s your next book about?
  • What else are you working on?
  • Where do you see this series going?
  • What is your blog about?
  • How many followers do you have on your Social Media sites?

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What Are Publishers / Agents Expecting?  They want to know you’re committed, that you understand this journey is hard, long, and not always rewarding. They want you to dream and to set goals, but they need to believe you are willing to work to attain those goals.
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Must-Read Blog to learn more about agents and how to approach them
http://www.writersdigest.com/editor-blogs/guide-to-literary-agents
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How to Write a Query Letter
http://www.writersdigest.com/editor-blogs/guide-to-literary-agents
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Less than Minimum Wage for Authors?
http://savvybookwriters.wordpress.com/2013/08/15/less-than-minimum-wage-for-authors/
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Successful Query Letters
http://savvybookwriters.wordpress.com/2014/01/06/5-tips-for-successful-book-submissions/

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If you would like to get more support in all things publishing, have your book intensively promoted and learn how to navigate social media sites – or to learn how you can make yourself a name as an author through content writing: We offer all this and more for only $179 for three months – or less than $2 per day! Learn more about this customized Online Seminar / Consulting for writers: http://www.111Publishing.com/Seminars

Please check out all previous posts of this blog (there are more than 1,070 of them : ) if you haven’t already. Why not sign up to receive them regularly by email? Just click on “Follow” in the upper line on each page – and then on “LIKE” next to it. There is also the “SHARE” button underneath each article where you can submit the article to Pinterest, Google+, Twitter, Facebook, Tumblr and StumpleUpon.
Thanks a lot for following:

@111publishing

http://www.111publishing.com

http://www.e-Book-PR.com/

http://www.international-ebooks.com/

http://bit.ly/VmtVAS 111Publishing @ Google+

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The Traps in Publishing Contracts

ebooksinternational:

The key to a good publishing contract is clarity. For authors, it is helpful to keep in mind that most contracts are not take-it-or-leave-it propositions. Be courteous. Be tactful. Knowing what to ask for is critical. Use an agent or attorney who understands the parameters of the typical publishing deal to negotiate your contract. Working through an agent or attorney allows the author to preserve his creative relationship with the editor or publishing house, explains Attorney Lloyd J. Jassin on his website.

 

Originally posted on Savvy Writers & e-Books online:

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Traps-in-Publishing-Contracts
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Traditional Publishing Contracts – Part Two of a Series 

There should be a large neon sign that says: NEVER, NEVER, NEVER sign a contract without having your contract lawyer going over it and explaining it to you in detail – sentence for sentence. The contract clauses described here in this blog post are the “norm” in publishing. It is difficult to see how your publishing agreement will play out in the long term, what you sign today could have profound, long term consequences.

Contract attorney Ivan Hoffman explains in his blog:
“In the US, many contracts that consumers commonly sign, such as for mortgage or auto loans or to
obtain a credit card, are subject to statutory requirements for fairness, clarity, etc.  If some of the clauses and drafting techniques commonly included in publishing contracts used by publishers were found in consumer contracts, those provisions would be…

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Less than Minimum Wage for Authors?

ebooksinternational:

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Are you thinking about approaching an agent or publisher for your next book? Do you know what clauses publishing contracts usually contain? How do you read a publishing contract? What your income will be – compared to author-publishing? This blog post and the following two will help you to “take the con out of the work con-tract”.

Wikipedia explains: “A publishing contract is a legal contract between a publisher and a writer or author, to publish written material by the writer or author. This may involve a single written work, or a series of works.” And as with every legal contract, authors are faring better when consulting a lawyer that is specialized in publishing contracts – BEFORE – they sign it.  

 

Originally posted on Savvy Writers & e-Books online:

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Justicia

Justicia

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Traditional Publishing Contracts – Part One of a Series

You might remember an article How Harlequin Publishing Deceives Their Authors from last summer in this blog, about the planned class action suit against the publisher. Today I stumbled about a sequel of J.A. Konrath’s blog: Harlekin Fail, Part 2, where he explains the contract practices of the trade publishers in general, and how they deceive their authors. From today on we will look more closely into these practices.
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When offered the opportunity to publish traditionally, about two-thirds of self-published authors are interested. The supposed prestige of a traditional publisher, the wide distribution a publisher can generate and help with marketing, are the reasons, cited in surveys.
However the perception of traditional publishing is often not up to date in public, as the way of book marketing (and the whole traditional publishing business) has totally…

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15 More Online Retailers to Sell Your Book

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Antique-Cash-Register

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Authors: you can sell your books, e-books and audio-books not only through Amazon, but as well on Barnes&Noble, Apple and Kobo websites, to have your “eggs in more than one basket”.  And don’t forget the potentially huge potential market for hardcover books, selling them to libraries all over the country!

However, there are way more online retailers for e-books and books than just Apple , Sony, Diesel, Kobo or Barnes & Noble. Oh, yes, and even Google sells e-books, but they pay authors and publishers a lousy royalty. I don’t know anyone, selling books through Google.
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Just to mention a few more online book retailers:

www.Scribd.com
www.booksonboard.com/
www.ebooks.com
www.ebook-store-review.toptenreviews.com
www.ebookmall.com
www.indiebound.org
www.powells.com/ebooks/
www.kobobooks.com/eBooks
www.rbooks.co.uk/ebook.aspx
www.whsmith.co.uk/eBooks.aspx
www.waterstones.com/waterstonesweb/browse/ebooks/4294964587/

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And here are two more lists of online book stores with even more sales possibilities:
http://www.infoagepub.com/iap-ebook-retailers.html
http://www.the-ebook-reader.com/ebooks.html

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Put Your Eggs Not Only in One Basket
If you don’t want to upload your book yourself, get help from these aggregators for one yearly fee and reap 100% of your books revenue: BookBaby.com or eBookPartnership.com.  Aggregators will handle distribution, sales, accepting payments, and are managing your account with the online retailers.
Avoid aggregators who take a 10 or even 15% commission for every book sold.
Read also about the experience of an author, detailed with all his sales numbers, costs associated and comparison of revenue on several online retailer sites from Amazon, Apple and Kobo to sales on his own website: 
http://andrewhy.de/amazons-markup-of-digital-delivery-to-indie-authors-is-129000/

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If you would like to get more support in all things publishing, have your book intensively promoted and learn how to navigate social media sites – or to learn how you can make yourself a name as an author through content writing: We offer all this and more for only $179 for three months – or less than $2 per day! Learn more about this customized Online Seminar / Consulting for writers: http://www.111Publishing.com/Seminars
Or visit http://www.e-book-pr.com/book-promo/  to advertise your new book, specials, your KDP Select Free Days or the new Kindle Countdown Deals.

Please check out all previous posts of this blog (there are more than 1,015 of them : ) if you haven’t already. Why not sign up to receive them regularly by email? Just click on “Follow” in the upper line on each page – and then on “LIKE” next to it. There is also the “SHARE” button underneath each article where you can submit the article to Pinterest, Google+, Twitter, Facebook, Tumblr and StumpleUpon.
Thanks a lot for following:

@111publishing

http://www.111publishing.com

http://www.e-Book-PR.com/

http://www.international-ebooks.com/

http://bit.ly/VmtVAS 111Publishing @ Google+

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