Welcome to Your Future Success

Welcome to Your Future Success
"Every man is the archetect of his own fortune." (Click on the picture to find out)

Friday, December 19, 2014

Ninety-Nine Cents

Ninety-Nine Cents

The book industry has some very good writers as well as authors.  Yes, there is a difference between the two.  I’ll break it down for you.

A writer is someone who has written a story or an article, whether for publication or not.  An author is someone who has put their name to a story or an article.  A writer can be a freelance writer, a ghost writer, and even an author.  An author is the one who gets all the credit for the writing of a story or an article.

The question of the day is, “Why would an author sell their published works for $0.99 cents?  Is there work not of value?  Why belittle the writer and the author?  Would you allow your employer to pay you $0.99 an hour for an eight hour day of work or even $0.15 cents a day?  No, you would not…that would be an insult to your knowledge and your intelligence.  Then why would you allow you to pay yourself so little?”

Now let’s touch on FREE for a moment.  Giving your book away for free for a limited time (1-2 days) or even a promotion or in a contest (5-10 readers) is not a bad thing.  It gets your book seen.  However, if you’re advertising your book for free on a consent basis, you are definitely not going to make any money.   We all know that most of us are in the writing slash authoring business to make money.

It’s time to do a little math.  Amazon pays authors 35% or 70% royalties for published eBooks.  Authors make the choice on which they prefer between the two.  If the author chooses the 35% route, Amazon will receive the remainder thus giving the author 35%.  If there is a publisher involved in that eBook, meaning, the publisher uploaded the book, the publisher and author may split the 35% thus leaving the author with $0.18 on that eBook.  In order to make even $180.00, the author would have to sell 1,000 eBooks.  That means 1,000 downloads and heaven forbid if the reader returns the eBook.  We’ll touch on that in a moment.

Let’s look at the larger scenario.  If the author chooses the 70% route, Amazon will receive the remainder thus giving the 70%.  If there is a publisher involved in that eBook, meaning, the publisher uploaded the book, the publisher and author may split the 70% thus leaving the author with $0.35 on that eBook.  In order to make even $350.00, the author would have to sell 1000 eBooks.  Again, that means 1000 downloads and heaven forbids if the reader returns the eBook. 

Amazon has a policy that a reader is able to return an eBook within a seven day period.  Once that book is returned whether it has been read or not, the author will lose his or hers royalty for that book.  It doesn’t matter if the book is $0.99 or $9.99, the loss of that royalty does hurt the author.  Royalties add up, thus making up the authors self-employment paycheck.  Barnes and Noble does not have a return policy on eBooks…Amazon should adapt that same policy.

In order to receive the royalties of 70%, your book has to be$ 2.99 or above.  If you choose to price your books at $0.99 to $1.99, you will only receive the royalties of 30%. 

In viewing both of the charts below, why would you not want to place value on your work?  Why do you choose to work harder and not smarter?  From the charts below, you can see why authors have chosen to go the self-published route opposed to the publisher route.  Being self-published the author stands to make more money, but that author has to be willing to put in the work for that said money.
Before the royalties reach the author with a publisher, that money has to go through two hands and then to the author.  Hopefully, the author is able to make enough money to recoup the cost of the editor and the cover designer, along with the purchase of at least 50-100 books to have on hand.  If not, the author is losing money and should re-evaluate their marketing strategy.

The bottom line is this, “If you do not value your craft, how do you expect others to value your craft?”  You put in blood, sweat, tears, and countless hours, days, nights, weeks, months, and maybe some years into writing your book to get it to the place of being published, don’t discount yourself.  You and your craft are worth more than you devalue both to be.

Chart One: Royalties
Price of eBook
$0.99
$1.99
$2.99
$3.99
$4.99
$5.99
$6.99
$7.99
$8.99
$9.99
Amazon
/Barnes&Noble
 @ 35%
$0.35
$0.70
$1.05
$1.40
$1.75
$2.10
$2.45
$2.80
$3.15
$3.50
Author
/Barnes&Noble
@ 35%
$0.35
$0.70
$1.05
$1.40
$1.75
$2.10
$2.45
$2.80
$3.15
$3.50
Amazon
/Barnes&Noble
@ 70%
$0.00
$0.00
$2.06
$2.76
$3.46
$4.16
$4.86
$5.56
$6.26
$6.96
Author
/Barnes&Noble
@ 70%
$0.00
$0.00
$2.06
$2.76
$3.46
$4.16
$4.86
$5.56
$6.26
$6.96
Publisher
@ 50% of 35%
$0.18
$0.35
$0.53
$0.70
$0.88
$1.05
$1.23
$1.40
$1.58
$1.75
Author
@ 50% of 35%
$0.18
$0.35
$0.53
$0.70
$0.88
$1.05
$1.23
$1.40
$1.58
$1.75
Publish
@ 50% of 70%
$0.00
$0.00
$1.03
$1.38
$1.73
$2.08
$2.43
$2.78
$3.13
$3.48
Author
@ 50% of 70%
$0.00
$0.00
$1.03
$1.38
$1.73
$2.08
$2.43
$2.78
$3.13
$3.48

Chart Two: # of Downloads
# of Downloads
1000
@
$0.99
1000
@
$1.99
1000
@
$2.99
1000
@
$3.99
1000
@
$4.99
1000
@
$5.99
1000
@
$6.99
1000
@
 $7.99
1000 @ $8.99
1000
@
$9.99
Author Royalty from Amazon
/Barnes&Noble
@ 35%
$990
$347
Split
$1990
$697
Split
$2990
$1047
Split
$3990
$1397
Split
$4990
$1747
Split
$5990
$2097
Split
$6990
$2447
Split
$7990
$2797
Split
$8990
$3147
Split
$9990
$3497
Split
Author Royalty from Amazon
/Barnes&Noble
@ 70%
$990
$693
Split
$1990
$1393
Split
$2990
$2093
Split
$3990
$2793
Split
$4990
$3493
Split
$5990
$4193
Split
$6990
$4893
Split
$7990
$5593
Split
$8990
$6293
Split
$9990
$6993
Split
Author Royalty from Publisher
@ 50% of 35%
$174
$87
Split
$349
$174
Split
$524
$262 Split
$699
$349
Split
$874
$437
Split
$1049
$524
Split
$1224
$612
Split
$1399
$699
Split
$1574
$787
Split
$1749
$874
Split
Author Royalty from Publisher
@50% of 70%
$347
$173
Split
$697
$348
Split
$1047
$523
Split
$1397
$698
Split
$1747
$873
Split
$2097
$1048
Split
$2447
$1223
Split
$2797
$1398
Split
$3147
$1573
Split
$3497
$1748
Split


Friday, November 7, 2014

Interview with Imani Writes


Can you believe it?  We have a new author with us this afternoon.  You might have seen the cover of her book around the internet.  The book has been promoted quite heavily.  There is a buzz going on and now we have the author her to tell us a bit about herself, her book and her writing style.  Let's welcome, Imani Writes.

I always ask everyone to spell their names so one misspells or mispronounces anyone's name.

1. How do you spell your name?
Imani Writes  

2. Tell me about your book.
Shug’ah is a book about a young woman who is telling the readers about her life. She begins at the age of 15, when she is is raped. At 16, a juvenile detention center becomes her home. At 21, she finds her place in an all-man crew of hired killers. Just when she feels all is lost, her past shows up. Can happiness finally be within her reach or is it much too late?

3. What inspired you to write?
As a child I had an unhappy childhood and I would read everything I could get my hands on.  I would become so involved with the story line and the characters I would forget my reality.  I knew then I wanted to write, to create stories that people could get lost in.

4. What is your writing process? How long does it take you to write a book?
I like to create an outline, a very detailed outline of each character no matter how small and of course the locations in the book.  I look up street names real locations and call up restaurants and hotels to get more information. I want it to be as accurate as possible.

5. Who are some of your favorite authors?
Eric Jerome Dickey, will always be one of my favorites because I love his style of writing.

6. Do you have any more books coming out? When?
         Yes I do. Artistic Words Publishing will be introducing Blaque Ice next year.

7. How did you go about getting your book published? 
         I was very fortunate to have someone read my books when they were ebooks.  She     enjoyed them so much she told her friend, who had a publishing company, and she read them and here we are.  

8. Can I send something to your agent/publisher?
          Yes I don’t have an agent yet. But the next best thing is an awesome publisher and you can contact her through www.artisticwordspublishing.com

9. Is there anything else you'd like to tell me?
          Dreams do become a reality. Not without hard work and dedication.  So whatever you want to do in life you can achieve it but you must believe in yourself!

Imani, thank you for being with us today.  It was a pleasure interviewing you.  

If you wish to keep up with Imani Writes and her works, look for over the internet or you can contact her through her publisher.




Interview with Teresa D. Patterson

Well, we have the author of varies Urban Fiction novels in the hot seat with us this afternoon.  Let's chat with Teresa D. Patterson and get to know her a bit.  Shall we?


1.  How do you spell your name? T-E-R-E-S-A, P-A-T-T-E-R-S-O-N

2.  How old are you?  45 Do you care if I put your age in the article? No.

3.  Where do you live?  St. Petersburg, FL. Do you care if I put your hometown in the article? No.

4.  Tell me about your book. The Real Hood Wives of St. Pete. is set in the city of St. Petersburg, FL. It’s about three single mothers who live in the housing projects. Each woman is there for a different reason. It tells of their struggles of dealing with issues single mothers have to face on a daily basis.

5.  What inspired you to write? I was inspired to write by my mother who writes poetry and by my fifth grade spelling teacher.

6.  What is your writing process? I don’t really have a writing process. I just write. I tried to stick to a writing schedule but it didn’t work for me.
How long does it take you to write a book? Sometimes I can write a book in a little over a month. At other times, it takes years. It just depends on how motivated I am to finish the story or if the characters are continuously speaking to me.

7.  What exactly is erotic romance? I can’t really answer that question because I don’t write erotic romance. The two romance novels I’ve written, Panzina’s Passion and Soul on Fire, do not have any erotic scenes included.

8.  How do you write all those steamy sex scenes? Some of my novels, like THEY CALL ME MY G-SPOT and UNCROSSING HER LEGS, have lots of steamy sex scenes. I write those scenes by imagining what I’d like to have happen in my bedroom (or an elevator.) It’s definitely not from experience.

9.  Why do you write romance? I write romance because I grew up reading Harlequin Romance novels and I just fell in love with those types of books. What appeals to you about it? I love the idea of love and two people falling in love. It just warms my heart.

10. Who are some of your favorite authors? Dean Koontz, Keith Kareem Williams and Keith Gaston.

I must say that it has been a pleasure speaking with you this afternoon Teresa.  

To keep up with Teresa around the internet, you can find her at these varies sites: 

Blogspot

Facebook

Google +

Pinterest

Twitter