Self-Publishing Stats: Retail and Royalty

The self-publishing journey isn’t always an easy one, even though we often claim it to be. There are many decisions to be made, and sometimes choices can get confusing.

While many of my posts may refer to authors who have yet to publish, the information is really universal. One thing I generally see successful self-published authors do is constantly learn and research. 
 
If you have published your book already, you may be starting to recognize some of the “fine print” issues involved with your publisher. For example, you may be discovering with your current publisher that their “20% royalty” is not what you expected.  Or you may be learning that your author’s copy price keeps increasing year after year, or that you have to buy 100 copies at a time just to get a fair price. You may be discovering that the royalty you earn for Amazon sales is much, much lower than the royalty they told you when you signed up. High royalties are usually reserved for publisher’s bookstores, but most books are purchased from Amazon and Barnes & Noble.

Or you may be discovering that once your book was published, your publisher stopped communicating with you entirely and left you to figure out how to promote your book yourself.

These are all “tricks of the trade” and things that a good self-publisher will not do. Many authors have discovered that switching publishers is actually more profitable in the long run, even with additional upfront fees.

I recently reviewed one case study in which a best-selling author from “Publisher A” to another leading full-service self-publisher and that was the best decision he ever made. His royalties increased from 15% of his retail price to 55% of his retail price as a result. Instead of $3.74 per book, he started making nearly $14 for every book he sold on Amazon.

The good news is switching publishers is easier than you might think. Almost all publishers offer non-exclusive contracts, and you’ve already gone through the process once, after-all.

Have fun. Keep writing and keep learning!

 

– Karl Schroeder

More Copyright Information for the Self-Publishing Author

Copyright infringement is not a pleasant topic. Some self-publishing authors find themselves in trouble without even knowing it, by doing something as innocent as including the lyrics from their favorite songs in their book.

Music is one of the most protected copyrightable works; infringement of copyright can carry heavy fines for which the author is responsible. If you are going to use the lyrics from a song in your book, you will need to have permission from the original copyright holder. This includes cases where you are only using a stanza or two and sometimes even if you are using anything more than a single line.

Only song lyrics created and first published prior to 1923 are in the Public Domain in the United States. If the song was created after that, you will need permission to use it (or parts of it) in your work.

There are two great resources on the Internet for finding the rights holders for most music and song lyrics, from the two leading music entities, ASCAP and BMI, respectively:

http://www.ascap.com/ace/search.cfm?mode=search
http://www.bmi.com/licensing

Pitching your Self-Published Book to NewsHour

The NewsHour with Jim Lehrer attracts over 3 million viewers each night to PBS and most of them are avid readers.

The arts and culture producers are your best bets for pitching your self-published book if you cannot find a more specific producer based upon your subject matter. (I have included additional producers, their contact information, and their subjects of specialization below).

Email the producer in advance and mention that you will be sending them a copy of your book. Then, mail them a copy along with your press release, sales sheet (if you have one) and any additional information that would be helpful.  Then, about 2 weeks later, follow-up via email again and inquire about the book.

Media, Arts and Culture
Anne Davenport
annedavenport@newshour.org
Jeff Brown
jbrown@newshour.org

International Affairs
Mike Mosettig
mmosettig@newshour.org

National Affairs (including economics, finance, science, and sports)
Murray Jacobson
mjacobson@newshour.org

Congressional Affairs
Jim Trengrove
jtrengrove@newshour.org

Education, law, politics
Linda Winslow
lwinslow@newshour.org

Send your book to the appropriate producer’s attention at:
The NewsHour with Jim Lehrer
3620 27th St. South
Arlington, VA 22206

Good luck and have fun!
Kelly Schuknecht
selfpublishingadvice.wordpress.com

Quality and Control in Self-Publishing

A very informative article was recently published outlining one author’s success self-publishing over traditional publishing, most notably in terms of higher net royalties on book sales. In fact, the case study recorded significantly higher royalties on a lower quantity of book sales along that self-publishing route.

The book pricing advantages of self publishing is no stranger to this blog, nor the increasingly successful population of authors who follow that path. But this particular article also mentioned that writers should never have to pay for publishing upfront.

Unfortunately, I’ve seen authors who have been pulled in by that concept, but end up publishing an often poorly produced book sold back to them at highly marked-up costs. (Publishers are businesses and need to make money, after all.) So that model really only puts poorly produced books right back in the hands of authors, not readers.

The successful alternative does involve upfront publishing fees, which opens a direct contract between authors and publishers including quality, professional production on books that are competitively sold in the marketplace, where readers buy books. Make sure your self-publishing choice includes those things like cover design, interior formatting, and full distribution. Also, as I’ve mentioned before – and the significance here is worth the redundancy – make sure your publisher offers pricing flexibility (control) and 100% royalties on book sales.

I hope that helps. Have fun and keep writing…

Karl Schroeder

Self-Publishing simplifying the Traditional Paradigm

We’ve discussed previously the new, revolutionizing self-publishing model and how it is quickly changing the industry.

As one industry expert recently noted, “The traditional model for print publishing is broken.” He is right, it seems as though everyone has gotten a hand in the process between penning and publishing: agents, editors, and bookstores. That process not only bogs the system, it takes rights and royalties from authors.

Sure there are advantages there coming in the form of editors, distributors, and bookstores. A good self-publisher will include all of those details, but keep the author in the driver’s seat. What does that accomplish? It keeps authors one step closer to their prospective reader, and at the top of the royalty food chain.

Look for a self publisher that offers an e-book option as well as a quality published trade paperback and hardback option – that’s authors touching readers on every level. What author could ask for more?

Have fun. Keep writing.

Sincerely,

Karl Schroeder