How are royalties calculated for authors?
An example of an AI chatbot conversation about calculating royalties for authors and creators.
How are royalties calculated for authors?
Royalties for authors are typically calculated as a percentage of the sales revenue from their books.
What percentage do most publishers offer?
Most publishers offer between 10% to 15% of the book's retail price for print books, and around 25% for e-books.
Are there different rates for different formats?
Yes, royalties can vary by format. For example, hardcover books often have higher royalty rates than paperbacks.
What about advances? How do they work?
An advance is a payment made to the author before the book is published, which is then deducted from future royalties.
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