Thread: book publishers
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Old 06-03-2016, 10:56 AM
Frank Daignault's Avatar
Frank Daignault Frank Daignault is offline
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Join Date: Sep 1999
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Default Re: book publishers

Something I should have mentioned about royalty contracts is that after the sale of 10,000 copies the royalty goes up from 10% of the wholesale price to 15%. A number of my books did go on to the "advanced royalty": "Striper Surf" and "The Trophy Striper" did. It doesn't sound like much but it represents a 50% increase in the royalty rate. As this happens late in a book's marketing , if the publisher unloads 100 copies you get $150 instead of $100. Of course sales are slowing down by then. Woolner used to call it "new money for old rope" or the "old soldier's pension". It pays for gear and ammo.
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