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 your royalty rate.

What is a standard royalty rate for authors?

Standard royalty rates for authors usually range from 10% to 15% of the book's retail price.

Are there different rates for print and e-books?

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

How often do authors get paid their royalties?

Authors typically receive royalty payments quarterly or biannually, depending on their contract.

Can I negotiate my royalty rate?

Yes, you can negotiate your royalty rate, especially if you have a strong track record or a unique selling proposition.