Quote:
70%! That’s what people whisper amongst themselves when publishing on the Kindle platform is mentioned. It’s a huge number. A traditional publishing contract might only sport a 15% royalty rate, making Amazon’s 70% payout for books sold on Kindle a godsend. The good days, it appears, are here.
Or not. As it turns out, that 70% rate doesn’t include delivery costs, which can be high. That means that the total percentage that an author receives for their book can be far, far lower than the stated rate.
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The Article goes on to demonstrate how this particular author made less per Kindle sale, than per Nook or PDF sale.
Expect pushback from the Konrath Collective in 3....2....1..
