What Are Book Royalties?
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- čas přidán 7. 06. 2021
- What are book royalties? When an author is traditionally published, they are paid through book royalties. In exchange for the rights to the book, the publisher pays the author a set amount per every copy that’s sold, based on the retail price of the book.
Royalty rates vary depending on the publisher, but in this video Book Launchers' founder and author, Julie Broad will share what those common payouts are, what the book royalties look like for self-published authors, and answer other questions about getting paid as an author from book sales.
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The main reason I focus on self publishing is because of the information learned in one of your other videos. You’re still responsible for a great deal of the marketing when going the tradition route. So important.
YES! Thanks for being a part of the #noboringbooks community and commenting the day a video is released. You’ve been entered to win our bi-weekly draw for some sweet swag. The winners will be shared right here on June 15th BUT instead of my usual Livestream to do the draw I’ll be posting the winners on the Community tab for the Channel. I'll also be sharing a super special video for you because I’ll be at Legoland with my son!! You are going to LOVE this video - it's a recording of our most recent Deep Dive training and many attendees told me it was the best one we've ever had!
Jon for the WIN. The Publishers do not do one thing that you the author cannot. Jon IDs the main issue - the author STILL has to market their work. SO what good is the Publisher? I had one even in so-called self-publishing, wherein they had this program. LOL - on a $12 book I would've gotten about 78 cents. The so-called Retailer who only took mouse clicks on their website and never saw or touched a book would have gotten... SIX DOLLARS. Nah - no way. (Insert string of cartoon "cussing" emojis here)
And Self-publishing is Fun! It was actually fun to learn the process, write, go through all the steps, and push publish on KDP and Ingram Spark! Thanks for the video, Julie!
:) I like your attitude.
YES 🙌🏻 we should always wear a crown 👑 when discussing royalties…😁
Why let a publisher take their cut of our work, and then limit what we can do with it in the future? Thanks for spelling this out.
Hiring a self-publishing service like Book Launchers is an initial outlay of money, but it pays itself back in the quality of the final product and how that can open doors to other opportunities, as Julie says. And you retain control over the entire project. That really mattered to me.
Yes!! For me the money is more like the icing on the cake vs the cake. Thanks Martha.
excellent summary, thank you!
I appreciate the explanation of publisher vs self publisher! So glad I did the self publish route! ❤️
Wonderful!
Thanks for being a part of the #noboringbooks community and commenting the day a video is released. You’ve been entered to win our bi-weekly draw for some sweet swag. Normally the draw is live, but the next draw will be posted on the Community tab for the Channel and instead of the live I'll be sharing a super special video for you because I’ll be at Legoland with my son!! You are going to LOVE this video though so I can’t wait to share it.
Julie you know I love this video because he talked about the economics of the business. I never understood why anybody would even try to get a big deal through a publishing house unless they already had a huge following or big name. Your video spelled it out so well thank you!
Thank you! Some people feel like they need to be chosen or their book needs to be chosen to validate it.
I was wondering about this. Thanks for the information.
You're welcome. Thanks for being a part of the #noboringbooks community and commenting the day a video is released. You’ve been entered to win our bi-weekly draw for some sweet swag. The winners will be shared right here on June 15th BUT instead of my usual Livestream to do the draw I’ll be posting the winners on the Community tab for the Channel. I'll also be sharing a super special video for you because I’ll be at Legoland with my son!! You are going to LOVE this video - it's a recording of our most recent Deep Dive training and many attendees told me it was the best one we've ever had!
Another great video with interesting information. Thanks Julie
What a nice day! I hope it is a good one for you all!
Thank you!
Thanks for breaking down royalties with a traditional publisher - I had no idea til I watched your video just now.
Thanks for being a part of the #noboringbooks community and commenting the day a video is released. You’ve been entered to win our bi-weekly draw for some sweet swag. Normally the draw is live, but the next draw will be posted on the Community tab for the Channel and instead of the live I'll be sharing a super special video for you because I’ll be at Legoland with my son!! You are going to LOVE this video though so I can’t wait to share it.
What a great explanation about the difference in traditional publishing and self-publishing. Thank you, Julie.
Glad it was helpful!
Easy to understand, good, video. Thanks!
Glad it was helpful!
Awesome, as usual. I like working with other publishers because of what I can learn from them. But when I want to make any money, I publish it myself. Now I need to find a crown that fits my swollen head. Thanks for this video, Julie! :)
Ha! You can always get a virtual one like I did - they adjust size easily. ;)
@@BookLaunchers I still might need two of them. :)
Prince Humperdinck was a real prince in The Princess Bride. I loved that movie! An advance sound nice, but full royalties and control sound better. I may still want that crown though 🤴
I want a real crown too ... one with a great big Ruby. :)
Heads up - I won't be live next week. I'll be at Legoland. I'm posting a replay of the last Deep Dive training instead.
@@BookLaunchers Thanks for the heads up! My crown would have emeralds because I'm Irish and they'd match my green eyes.
Thank you
Great video. I really enjoyed the comparison between regular and self-publishing especially the math. The mathematical comparison between the two options was definitely an eye opener. Add to those startling numbers that you keep the rights to your book and under most circumstances it seems that self publishing should have no problem coming out far ahead of the traditional method. By the way wearing a crown when discussing royalties sounds like fun, but I imagine that wearing a crown while receiving royalties would be even more fun!
Thank you for the great video and I hope that you have a great day!
Thank you! You too. :)
I like the numbers and possible other opportunities that self-publishing affords...even with the upfront costs.
Love The Princess Bride!! Grew up watching that movie. It was really fun to see the woman who played Buttercup (Robin Wright) in the Wonder Woman movies!!
I like the idea of getting an advance, of course, but I feel like owning the rights for my book would be better. Hard decision.
In the end, control of content is everything. Publishers can be fickle. They might bury your book baby (Julie's great word) and make it impossible for you to do anything about it, because they have the copyright.
100% I love the control of the process even more than the bigger payouts. The bigger payouts are good though too!
Wow - I never realized how little you may earn with royalties. When I death with art galleries, they would usually keep 30 to 50 percent of the sale, and that seemed high. Seeing only 5 percent of the price is admittedly a little discouraging. Self-Publish!
Yes people really overvalue what a traditional publisher brings to the table. Interestingly, on a forum I'm a part of, there were a handful of authors that have done both traditional and self-publishing and they all universally agreed that traditional publishing was actually more work too!! There were a lot of things the publisher required them to do that they didn't have to do when they self-published.
These explanations gives the authors to be careful when we chose a publisher for our books. Felix D. Mendoza (USA).
I'm so glad! :)
Thx. Self publish all the way. What about amazon store vs KDP for non ebook. Where you print your book using Chinese printer ?
Hmm you mean do an offset run and set yourself up as a vendor? We haven't done that because of the hassle factor but I know a few authors that have. They get their print costs below $3/book which can lead to a lot more profits in the long run but there's a big hassle factor in that process.
Ah, the dreaded maths, give me words!
HAHAHAHAH Right?!! Trying doing math in your head / off notes /while talking. I was certain I made a mess of it. :p
Thanks for being a part of the #noboringbooks community and commenting the day a video is released. You’ve been entered to win our bi-weekly draw for some sweet swag. The winners will be shared right here on June 15th BUT instead of my usual Livestream to do the draw I’ll be posting the winners on the Community tab for the Channel. I'll also be sharing a super special video for you because I’ll be at Legoland with my son!! You are going to LOVE this video - it's a recording of our most recent Deep Dive training and many attendees told me it was the best one we've ever had!
@@BookLaunchers Lol, you did great as always👌🏽😊
Traditional publishing is geared to make money for that traditional publishing company first, it's not a charity :)
Wish I can get me a royalty crown...one day perhaps!
#noboringbooks
Book Launchers over Traditional Pubishing ... can I get an Amen ?
HAHAHAHA :D
Thanks for being a part of the #noboringbooks community and commenting the day a video is released. You’ve been entered to win our bi-weekly draw for some sweet swag. The winners will be shared right here on June 15th BUT instead of my usual Livestream to do the draw I’ll be posting the winners on the Community tab for the Channel.
Why do book publishers pay authors an advance?
As an incentive to sign the deal and write the book.
@@BookLaunchers ah ok makes sense. Dilute other options