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This
week MM writes:
Hi,
I'm
trying to find out information about packagers and a fair split of
revenue. I was recently approached to write a book in my specialty area.
It was the packagers idea to write this particular book concept and this
is my first book.
The
contract states they would take 15% of the royalties (a standard agent
percentage, I understand). Then we would split the remaining net
royalties 40% (me) - 60% (packager). The way I view it is that they view
themselves as equivalent to a co-author and are taking their split. My
question is: is this reasonable? Is it conceivable that they could
invest enough time in the editing, promotion, publishers search, to take
such a split.
The
book is a relatively straightforward one, with short sections, so I can
get a decent estimate of how much time it will probably take me to write
it (maybe 300 - 400 hours).
Thanks,
MM
H i
MM,
Ghostwriters
who are given credit on the books are generally paid 50% of the
royalties. It seems to me that this situation is analogous to yours. In
this case, the ghostwriter would also receive a full advance.
I
spoke with Jim Salisbury (book packager and co-author of "Smart
Self-Publishing") about this. Although he does not hire writers for
ideas he comes up with, he knows of authors who have been in this
situation. In one case he cited, the author was approached by a book
packager and asked for a couple of sample chapters and an outline. In
this case the packager never did manage to sell the idea to a publisher
and so the author was never paid.
This
is definitely something to bear in mind if you are only being paid on
condition of a sale to a publisher. You may feel it is worth 300-400
hours of your time if the end result might be a book. On the other hand,
you might not feel that way.
If
the book packager was publishing the book, I might say that yes, it is
conceivable that they would invest enough in marketing and editing to
justify the 60% of net royalties. However, the publisher they sell it to
will take final responsibility for all those things. In this case, the
deal seems a little unfair, even if it was their idea.
And
remember, I have rarely heard a writer say how thrilled they were with
their agent or publisher. If you go in feeling that you are being taken
advantage of, imagine how much harder it is going to be if you don't
feel they are working hard enough for the book...
If
it was me, I'd try to negotiate a 50-50 split on the royalties and I
would limit how much work I promised to do before they obtained a
publishing contract.
HOWEVER,
this area of publishing is not one I am expert in, so I will continue to
research this and see if I can come up with a more definitive answer.
Hope this helps. Please do let me
know how you get on.
Best wishes,
Julie
***
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your comments on this article: was it helpful? Have a question about getting started
in publishing? Is there anything I missed that you would
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