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Self-published authors can make between 40% 60% royalties on a single book sale while traditionally published authors usually make between 10%-12% royalties. First-time authors who want to traditionally publish can get an advance, which is usually $10,000 (usually not that much more for a first-timer).
One of the simplest ways to co-author a book is by splitting it up chapter by chapter. Or, you can agree on writing large sections of the book. With this method, you're sharing the writing workload evenly, in a straightforward way. Meanwhile, you both can refine the storyline together as the different chapters evolve.
The average author with a first-time book deal can expect to receive an advance of $5,000 to $15,000. Once your book is released, you won't see another dime until you have earned back that advance$1.25 at a timeuntil the advance is paid back in full.
The cost to publish a book depends on a) the length of the book and b) the level of quality you want. Most authors spend $2,000-$4,000 to self-publish their books this includes editing, cover design, formatting, and marketing services.
Some of the most essential clauses of a standard (boilerplate) book publishing contract are: Grant of Rights, Subsidiary Rights, Delivery and Acceptance, Publication, Copyright, Advance (if there is any), Royalties, and Out of Print.
Go to writers conferences where agents appear, search their websites, find their names in the acknowledgment pages of books you like, find a friend who has a good agent, and subscribe to Publisher's Marketplace for the latest book deals between agents and editors.
Typically, an author can expect to receive the following royalties: Hardback edition: 10% of the retail price on the first 5,000 copies; 12.5% for the next 5,000 copies sold, then 15% for all further copies sold. Paperback: 8% of retail price on the first 150,000 copies sold, then 10% thereafter.
Under standard royalties, an author gets roughly 20 to 30% of the publisher's revenue for a hardcover, 15% for a trade paperback, and 25% for an eBook. So, very roughly, every hardcover release that earns out brings the author something like 25% of all revenue earned by the publisher.
Write a book you're proud of. Decide which self-publishing platform to use. Get your book edited, a cover designed, and it formatted. Upload your manuscript and accompanying assets. Hit Publish when you're read. Your book is self-published!