Quote:
Originally Posted by pwalker8
Books aren't widgets. There is a lot of truth to the statement in the article that books are a title driven business. 2014 didn't have any super popular books. Neither did 2013. On the flip side, 2012 had 50 shades of Grey, which regardless of what people might think about it, reportably has sold 125 M copies.
Yes, I know the Amazon can do no wrong crowd will sneer at the truth of this, but truth it is. Very few of the top sellers are effected by price.
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Huh?
So you are saying that if a top seller sells 1 million copies at $10 they will make the same if they sell 1 million copies for $1.
Obviously they got an advance, but they still have to earn that advance and by my simple math, they just got screwed out of major money.
Note those royalties come out of the revenue of the book. For simple math, I will use 10% royalty.
Book makes 10 million dollars, author cut will be $1 million.
Book makes 1 million dollars, author cut will be $100,000.
I don't know about you, but that seems like a huge pay cut.
Before you mention the advance, it has to be earned out before the author can get more money off the book. Which means the book has to sell 10 times as many for the author to make money.