Some Thoughts on Royalties
Kindle Book Formatting went to the National Writer’s Conference at the weekend, and learnt, amongst many other things, that the average advance for a debut novel is currently £1000.
If the paperback sells at £8.99 with a 15% royalty rate, that will earn the author £1.35 per book. Which means the advance will not get paid back to the publisher until 741 copies have been sold.
If the author of said book decided to publish independently, with a cover price of £3.99 and royalties of 70% from Amazon, the author would get £2.80 per copy sold and would need to sell 357 books to reach the £1000 threshold.
Another reason to go indie, and take charge of your own career in books?