Book Merger Set-up Part I – What To Know Before You Use The Deal
As a first time author, I sought out publishing deals with the big five. In my dealings with these firms, I learned that their contracts include an “advances and royalties” clause. Now, this concept is pretty straightforward on the surface: it means that if an author sells enough copies of his or her book to earn beyond a certain amount, the author will get paid more money. It’s simple math. Let’s say, for example, you sell 10,000 copies of your book. Three publishers want to buy the rights to publish your book. The first one offers you $100,000 and asks you to accept it in exchange for the full rights to publish your book. The second one offers $200,000 in exchange for the full rights…and so on until they all offer their best price…or until they can afford it.
And, this is all fine and great because every author needs to make money from their work. But, if a publisher gives you $100,000 in exchange for the rights to publish your book, it’s no longer yours.
Book Merger Set-up Part II – Did it Work? Did It Work Out Well?
I’m not looking to bash the publishing industry in any way. I am glad that authors receive money for their work and I’m glad that companies provide much needed income for writers and their families. My purpose here is to shed light on a certain financial aspect of writing novels for mass audience consumption. To do this, I’ll share a story about the amount of income my novel has generated over its first three years on the market.
I am going to take my base numbers as if the book were published by a mainstream publishing company. Then, I’ll show you how the numbers change if you self-publish. I’ll explain why the numbers change and what it means to writers in general.
Summary of my Guide on Book Mergers & how to set them up and make them work in 2018
It’s a $10 billion dollar industry. That’s right, the publishing industry generates over $10 billion dollars a year just in the United States alone. And that figure doesn’t even include book club deals and overseas sales. And by the way, that figure is set to grow to over four times that amount by 2020. The reader wants to know what the best way to get their book into the hands of readers is. The answer is simple: do a book merger. As I mentioned in part one of my guide, there are several ways to do this, but the four that I’m going to focus on and discuss in this guide are (1) Penguin Random House (2) Harper Collins (3) Simon and Schuster, and (4) Hachette Book Group.
Does It Pay Off For My Product? Is it Worth Doing A Book Deal? Are There Alternatives to Book Deals?
If the answer is yes to those questions, then you’re probably ready to move along with this guide. I am going to take you through the process of doing a book deal. And by the way, there’s not much that you have to do besides get a book deal from one of these four publishers and you’re all set. But there are definitely some things that I want you to know about the financial aspect of doing book deals before signing on for your own. The first thing I want you to know is that it’s possible, if you’re a newcomer to the scene, to make a lot of money with book deals. You should be aware of this because many authors get into trouble because they haven’t been completely honest with themselves about the amount of money they can make.