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by erroneousfunk
3627 days ago
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Will second the "look for good rates on e-books" People often underestimate income from ebooks, but it's huge. I was offered a $5,000 advance with 10% of ebook sales, or no advance with 25% of ebook sales, and it was one of the best decisions of my life to take 25% with no advance. For the past year, I've received an average monthly royalty check of $3k (albeit before taxes, which I have to pay quarterly), with most of the income from ebooks. Not only do I earn a higher royalty rate for them, but the "wholesale" price from the publisher for print books is smaller than you think it would be (not shelf price), and my ebook/print book sales are about half and half. I also get a few hundred dollars a month from licensing it out through Safari -- each page read through the platform earns me money, which they calculate through some wizardry (all revenue, divided by all page reads, times the page reads your book got, times 25%). So really think hard about the royalty rates for online access, licensing (the book's been purchased by five international translators, and each one is another $500-$1000 for me, on top of 5% of the revenue from foreign translation sales). Those things really add up. |
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