Tuesday, March 22, 2011

Maths of self-publishing

Joe Konrath has decided to self-publish rather than accept a 500k advance. He explains that he would get 70% rather than 14.9%. He also explains that pricing books cheaper, will get him higher e-sales. In the table below I have calculated that with these figures he only needs to sell 43% of what the publisher expects to sell to make the same money.

Price Royalty % Sales Royalty
w/ publisher $9.99 14.9% 335,906 $500,000.00
self pub $4.99 70.0% 143,143 $500,000.00
% 50% 470% 43%

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