…in self-publishing.
Self-publishers do not “earn royalties.”
Stop thinking in terms of royalties.
It’s called “profit.” There is overhead. There are COGS. There is revenue.
Sales – COGS = gross profit.
Gross profit – overhead = net profit (aka ka-ching)
There are no royalties.
Royalties do not exist.
Say it with me now: Self-publishers do not earn royalties; they have profit. Now put all that “royalties” BS out of your head.
And Amazon? I know you know this, but you use the term deliberately to blur the lines between your retail business and your POD service. You know very good and well you don’t pay royalties. You give us a rebate on our rental fee for your stalls, you know, like at a flea market.
*A lot of authors don’t like having their babies compared to widgets. A lot of authors don’t like having books compared to babies. My books are my babies. They are also my widgets.
November 20th, 2009 at 3:34 pm
[...] This post was mentioned on Twitter by Moriah Jovan, Wm Morris. Wm Morris said: "My books are my babies. They are also my widgets." says @MoriahJovan — http://moriahjovan.com/mojo/there-is-no-such-thing-as-royaltie [...]
November 21st, 2009 at 9:13 pm
Yes. Let’s hear it for clear thinking and truth telling! My widget-baby and I thank you.
November 21st, 2009 at 9:17 pm
Thanks, Brent.
But yanno, the fact that I have to explain this is problematic.