Every book you sell, you get a % of the price.
but, it goes from the publisher, to the retailer.
He's with Random house and gave an advanced price...
If you were to get 10% royal tie on a £10 book...you first have to sell 3,000 copies and £3,000 before you start earning any of the royalties.
A FLAT PAY is where you get a sum money and no further.
ADVANCED PAYMENT is in 3 instalments...
1. when you sign the contract
2. when the artwork is handed in on the deadline.
3. when the book is published.
READ THE CONTRACT... within it it will contain the deadline date, if you miss this you won't receive your instalment.
Fumio missed this deadline, and his book got delayed a whole year.
Publishing houses release books before christmas and before summer.
Working with an
agent, they would negotiate prices and times.
Publishers get discounts.
net price- book stores buy in bulk from the publishers, and get about 50% discount.
The publishers make about £8.70 profit, from which the royalties and promotions have to come from.
So from that £8.70 you get 85p fro each book sold....
Each time a book is published, it's a loss. You have to earn back the loss before any profit is made and the author can start earning.
With translations, they pay the author 75% of sum money (price of book)
and publisher 25%
A french publisher gave Fumio an advance of 7,000 euro.
Royalties .. 9% on first 30,000 copies
and 10% after 50,000 copies.
and 11% on every copy after.
So if you sell a lot of books, the better!
A USA publisher offered 10% net on the first 20,000... the most for least so far.
But they asked for a different cover, which Fumio had to design again free of charge.
Public lending rights..every time its loaned out you get a %
To go to a publisher with an idea, submit scenario and page numbers. Say 160 pages full colour. Send 20 finished pages to send and they'll say yes or no.
Do lots of competitions...
The Observer ran one, where the winner gets their book printed.
Fumio did the competition for a couple of years running, and on the 4th time he came runner up. One of the editors read it and they had a talk about it.