Tag: royalties

Book Marketing, Book Promotion, Choosing a Publisher, Self-Publishing

Self-Publishing Advantages Out on the Table

This posts and blog exists to help you make the best informed choices for the future of their books. Whether you’re still in the conceptualization phase or searching for a publisher, these are tips, each worthy of careful consideration.

For example, take a moment and write out your personal publishing goals…

For many authors, these 7 are the most important:

1) Keeping 100% of your rights and creative control to your book
2) Keeping 100% of your author royalties
3) Unlimited wholesale and retail availability
4) Additional marketing support and services
5) Publishing imprint and ISBN flexibility
6) High-quality book design
7) Complete print-run flexibility (1 to 1000s)

What would you add to this list?

– K


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Choosing a Publisher, Networking, Self-Publishing

Self-publising top 10: Advantage 1

1 – Authors are required one-time only upfront investment…

Yes, quality self-publishing services will require a one-time upfront investment. While not as important as your book pricing structure, distribution, and royalties on the back-end. Upfront service prices deserve a quick look.

Here are a couple of red flags.

1. HUGE DISCOUNTS! PUBLISH NOW AND SAVE XX%!!!
There are more than enough self-publishers offering HUGE savings. Always. That usually indicates that the savings aren’t real. Instead, packages and/or services are artificially inflated. This is true in any business across every industry. You’ve worked hard. You deserve what you pay for. I was born in Vegas. Ever been? Be wary of the bright, flashing lights.

2. GET PUBLISHED FOR FREE!!! (the opposite end of the spectrum)

Business 101. Nothing is free. It’s worth taking a look at the contract and asking, what am I really getting here. Not a good time to fall to instant gratification. You’ve worked hard and deserve a publisher that works for you in return. Again, make sure your get what you pay for. Well worth it is the time researching a publisher that will partner with you to publish your book as successfully as possible.

A quality self-publisher will value you, and upfront prices will stand by that.

– Karl


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have fun and keep writing…

Choosing a Publisher, Self-Publishing

Self-Publishing: Ask the Right Questions

Regardless of whether you are holding out for an old-fashioned publishing
contract or taking matters into your own hands with custom self-publishing, here are 5 questions you should
know the answers to when you decide to publish:

1 – What is the minimum number of books you have to purchase, and what does
each book cost you? Many require certain quantities to be purchased at highly marked up prices. That is how they ‘get you.’

2 – Who determines your retail price? How much is it? – Here’s another one
to look out for. You should have that control. Publishers that don’t allow that are often in the business to make money on your book. You’ve done the work. You should see the rewards.

3 – Who determines how much money you make from each book? Another good test.
Your publisher should pay 100% of the difference between the wholesale price and the
production price of the book. Most publishers pay anywhere from 5%-50%.

4 – Do you receive marketing support after publication? Free services like the Marketing COACH offered by Outskirts Press is an invaluable collection of proven tactics shared to help improve your book sales.

5 – Do you retain all the rights to your book? You definitely should. Check
the contract of wherever you publish.

Isn’t this fun!

– Karl Schroeder

Choosing a Publisher, Self-Publishing

Self-Publishing: The New Black

Last Friday I happened to run into a new friend at a coffee shop down the street from my home. She also works in the publishing industry as a consultant, but more on the traditional model side. We enjoy running in to each other and talking shop.

This last run-in she mentioned a new author for which she’s providing ghostwriting and consulting services. Amy was evidently reserved in progressing with the project and I pressed for a bit more information. As it turned out, this particular author Amy was working with has a timely book topic on the table with a pressing eagerness to see it published; and with business savvy, the author wanted to see an attractive return on investment.

“Okay, what concerns do you have?” I asked. Amy first responded that shopping for an agent to pick up the book would push the timeline way back, and then between the agent’s and then the publisher’s cut, what could she reasonably expect to provide as an incentive to her author.

I couldn’t help but smirk. With self-publishing, authors retain exclusive control and full royalties, while having their books published in full-service style – start to finish – in around 12 weeks. Amy’s look was one of almost disbelief. When I mentioned all of these things along with the advantage of unlimited on-demand, international distribution offered by the best full-service self-publishing options she was noticeably, informed.

If you are an author, or publishing professional, revisit this question: What are your publishing goals? For many authors, the most important goals are:
>
1) Keeping 100% of your rights and creative control to your book
2) Keeping 100% of your author royalties
3) Setting your own retail price, profit, and author discount
4) Publishing a high-quality book that is available worldwide

I hope that helps. Keep writing…

– Karl Schroeder

Choosing a Publisher, Self-Publishing

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