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#31 | |
Grand Sorcerer
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#32 | |
Wizard
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![]() No, its not disdain-its amusement at those who set up successful self-pubbers as harbingers of a new future, birthed through disinterested efforts of Amazon-a future where budding authors can follow their own true calling and freely self-publish, without having to go through those corrupt, dinosaur-like gatekeepers- the dreaded "BPHs". ![]() After awhile, I can't resist puncturing such pretension. I'll try to be more resistant in future. |
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#33 | |
Guru
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#34 |
Evangelist
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He still has two more novels under contract Tor, though (one written and IIRC scheduled for release this year, one not). Wouldn't it make more sense to see those through first?
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#35 | |
Grand Sorcerer
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http://bits.blogs.nytimes.com/2012/0...s-amazon-deal/ Contracts are binding on both sides but only to the extent that the contract specifies. And it makes sense to test the self-pub waters as soon as possible and not wait for the existing contract to run out. If he has two novels left on the contract, no right of first refusal, no non-compete clause, and no other obligation under the contract, then he would be well within his rights to do as he pleases even up to releasing another book the exact same day as his next trad-pubbed release. It would be tacky and self-defeating but he could. As he is going nowhere near that far and we've heard of no Penguin/Davenport-like tantrum ongoing or brewing it is safe to assume that both sides are (so far) acting like restrained, mature professionals. In the current climate we need more of that and less posturing and vitriol because from now on the game includes *both* self-publishing and traditional publishing options and throwing hissy fits will change nothing. Which way an author goes should be simply a matter of cold calculated business interest. As long as the books get to market, *how* they get to market won't much matter to readers. Last edited by fjtorres; 06-23-2012 at 04:53 PM. |
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#36 | |
Banned
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Tracking this book on Amazon Kindle Best Sellers:
July 3rd: #28 July 4th: #54 July 5th: July 6th: #101 July 7th: #103 With 70% royalties (minus about $0.10 in delivery fee), the author is making bank, especially since the book is selling pretty well. ($8.99 - $0.10 delivery fee) x 70% = $6.22 for Terry Goodkind for each book sold. At this rate, it will sell more than 10,000 copies pretty soon (with B&N, Kobo, Itunes etc...added). 10,000 x $6.22 = $62,200 in royalties for the author. Quote:
Guesstimate: July 3rd: #28 ----maybe around 1,500 ebooks sold July 4th: #54 ----maybe around 800 July 5th: ? ------maybe around 600 July 6th: #101 -----maybe around 450 July 7th: #103 -----maybe around 450 That's 3800 for the first 5 days from Amazon. Add in other stores (1,900) with the assumption that Amazon = 2/3 and other stores = 1/3. 5,700 in 5 days. 5,700 x $6.22 royalties = $35,454. Last edited by Top100EbooksRank; 07-07-2012 at 11:17 PM. |
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#37 | |
Grand Sorcerer
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But your point stands; he looks to make a typical advance in a week or so. And if the book stays in the top 500 for a couple of months he should be raking in a comfortable take. Of course, "comfortable" is relative. There's no telling what his expectations were like. Still, it is an interesting experiment you've done, tracking the book's sales. ![]() |
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#38 | |
Banned
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Look like if this is a success, there will more to come from Terry Goodkind
We Appreciate Your Support This novel is an Author self-published release. It is supported directly by you, the reader. Your purchase is vital to the success of this novel and our ability to continue offering these stories. Thank you for purchasing The First Confessor. http://www.terrygoodkind.com/theoracle/ebooks/ Quote:
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#39 |
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I also want to clarify that he's not getting 70% off the retail price. If all the customers were from the US, yes (minus small delivery charge, which I'm sure is negligible in this case).
If I buy his book for example, he'd only be getting 35%, and I'm paying $2.00 more. Is it worth it in the long-run. Will have to see. Benefits of HIM publishing traditionally is still: a) he gets an advance (which might not be as important now considering the previous success of his books) b) a large advance since he's a best-selling author. Still, it might pay off if his eBook sales are maintained. |
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#40 | |
Addict
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For #1 for example, I'm sure Tor would love to publish another Sword of Truth book. (And honestly, some of the books in the series were crap, and were still published by Tor.) And Goodkind got the opportunity to branch out into a different milieu with Law of Nines. |
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#41 | |
Evangelist
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I am curious as to how well The Omen Machine did - whether people were buying Terry Goodkind fantasy novels in general, or if they were buying Sword of Truth novels in particular. I know that for me it was the latter, which is why I borrowed it from the library instead of buying at release (unlike the last half-dozen books in the series). I'd indulged the author's... excesses? eccentricities? in later SOT books because I wanted to know how the story ended. Standalones with the characters... well, except Zedd... wasn't something I was exactly champing at the bit for. (It helped that the ebook was windowed. If it wasn't, I'll have to be honest and say that I might have surrendered and bought it. ![]() |
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#42 | |
Grand Sorcerer
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![]() b) the second use of advances is to disguise higher royalty rates for best-selling authors who get paid such large lump-sumps for their books they never earn-out their "advance" at the nominal rate. Given the mixed reviews of his last two books, it seems unlikely the "what-have-you-done-for-me-lately" trad publishers will be thinking of him as a *current* bestseller worthy of such a deal. From the author side, the economics of trad-pub and self-pub are so different as to be almost complementary so which way to go is a matter of personal situation at the moment of choosing. Neither approach is going away and the wisest authors will keep an open mind and choose the one best suited to each project on a case by case basis, doing what is best for *them*. Last edited by fjtorres; 07-10-2012 at 07:53 AM. |
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#43 | |
Cheese Whiz
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I suspect Mr. Goodkind's relationship with his publisher has already deteriorated to the point where he no longer feels that the company itself is worthy of loyalty on his part. Sometimes being loyal can make you feel like a chump. |
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#44 | |
Interested Bystander
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For an English-language book, that probably covers 95% of sales. |
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#45 | |
Grand Sorcerer
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Thread | Thread Starter | Forum | Replies | Last Post |
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