How do I calculate royalties for my book?

How do I calculate royalties for my book?

To calculate royalties, you typically take the book's sales price and multiply it by the royalty rate.

What is a standard royalty rate for authors?

Standard royalty rates for authors usually range from 5% to 15% of the book's sales price, depending on the publisher.

Are there different rates for print and e-books?

Yes, e-books often have higher royalty rates, sometimes up to 25%, while print books usually have lower rates.

How do advances work in relation to royalties?

An advance is a payment made to the author before the book is published, which is then recouped from future royalties.

Can I negotiate my royalty rate?

Yes, many authors negotiate their royalty rates, especially if they have a strong track record or market demand.