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Book $$$: Setting the Record Straight

by carolyn mckibbin
12/4/2008 6:36:00 AM

So, you wrote a 101-tip book with LifeTips and now you want to get paid. Here’s how our payment process works:

·         Once your book is on Amazon.com and LifeTips.com and available for purchase at Barnes & Noble and Borders, every time someone orders your book you make $2 on the $9.99 retail sale. Royalty checks are sent out quarterly.

·         When authors order books through their editor, they get a $3 discount per book. When you sell these books for their $9.99 retail value, you make your $3 per-book profit.

·         If you are an aggressive marketer—our favorite kind of author—and you get a group or corporation to order a large quantity of books, you have the opportunity to earn even more money per book. The specific amount would depend on the size of the order. Ask your editor if this occasion arises.

If you haven’t published a book with LifeTips yet, here’s some advice. Gurus should not only offer us a detailed outline of their book, they should also give us a detailed outline of their book marketing plan. LifeTips does not have a marketing or PR department for the book division, thus we ask our authors to take the initiative and submit their book to local retailers and literary competitions, as well as coordinate author readings and book signings at local libraries and cafes. We have had several extremely successful books, and the common thread was the authors’ knack to get their book out in the public eye.

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Book Publishing | Writing

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