Selling Your Books Internationally
The Alliance of Independent Authors has released a new guidebook called How Authors Sell Publishing Rights, which shows how international licensing sales can dwarf sales of the original English editions for some books. Advances in technology have made exploiting international rights easier for all publishers, including author-publishers.
Why English Books Have a Leg Up
Around 375 million people speak English as a first language, and 750 million people speak English as a second language. Licensing and selling books in translation is more difficult, requiring more time and money, and relying on the creative talents of professional translators.
Do You Own Your International Rights?
Only 13% of authors have licensed their work to an overseas publisher, which represents a huge opportunity missed. Consider the rights potential of that book or series, as well as your own ability to trade those rights separately.
Should You Grant Your Publisher a License for Your International Rights?
There’s nothing wrong with giving a trade publisher international and translation rights as long as the publisher has the resources and intent to successfully exploit those rights. Consider the following:. What is the size of the publishing house? Size will usually affect its ability to invest in translation and marketing.
Selling Foreign Rights Without an Agent
Set up your bio and book information in English if you’re only selling your books in English; if you have a foreign translated version, use that language in that foreign online site instead. Attend international rights fairs at least twice a year to meet with foreign publishers directly.
Pricing and Promoting in Overseas Territories
If you offer a book for free through other stores, Amazon will eventually price match, first at Amazon.com, then gradually in the others (Amazon.uk,.de, etc). How Authors Sell Publishing Rights by Helen Sedwick and Orna Ross. This strategy works best if the book is the first in a series, as with all permafree strategies.
How much do foreign book rights sell for?
A typical payout would be 25% upon contract signing, 25% upon manuscript delivery and acceptance (meaning the book has gone through the editorial process and has been put into production), 25% upon publication, and 25% a year later.
What is a typical book royalty percentage?
Retail royalties are relatively simple to calculate, and unless the retail price of the book changes (which does happen), retail royalties are locked in. Average retail royalties on hardcover sales range from 10% to 15%, and 5% to 7.5% on trade paperback sales.
How much royalties do authors get per book?
A traditionally published author can expect royalties of 5u201320% on print books, 25% on ebooks (though this can vary), and 10u201325% on audiobooks.
How many books can a new author expect to sell?
The average traditionally published non-fiction book sells 250-300 copies in its first year, but we aim to sell 1,000 copies in the first three months when we manage a book launch.
How much do publishers pay for book rights?
Most publishers pay royalties based on the book’s retail price, so if the book sells for $20 and the royalties rate is 5%, you’ll get $1 for each book sold. These royalties are also known as “list royalties” or “retail royalties.”
How long do book royalties last?
In the United States, book royalties last for the author’s lifetime plus 70 years (copyright for work-for-hire works created for a corporation, such as media tie-in novels, lasts 120 years, but these usually pay a flat fee rather than royalties).
Who is the highest paid author?
Dan Brown is the world’s highest-paid author, and his bestselling books “The Da Vinci Code” and “Angels and Demons” are considered two of the most popular films in the world. Dan Brown’s net worth is estimated to be $178 million.
How are book royalties calculated?
Book royalties are usually calculated as a percentage of the gross or net revenue for each book sold; for example, if a book’s net revenue is $10.00 and the author’s royalty rate is 15%, the author will profit $1.50 for each book sold.
How much do first time authors make?
As many authors and agents have stated, the average first-time author can expect to earn around $10,000 for their new book, after paying their agent and investing in promotion.
How much do authors make a year 2020?
Depending on experience, writing subject matter, contract terms, and book sales, a novelist’s salary can range from $15,080 to $127,816 per year. As with many business owners, a novelist’s salary can fluctuate depending on the amount of product sold.
How often are book royalties paid?
Royalties are calculated and paid out every six months, but on a fixed schedule that varies by publisher; for example, one major publisher sends royalties statements and money (if any) out in April and October, covering books sold from July to December the previous year.
Can I sell the rights to my book?
1. You can sell rights for co-editions, book clubs, condensation rights, audiobook rights, e-books and digital downloads, TV and film rights, and merchandising rights in addition to book publication rights.
Can I translate a book and sell it?
In the end, you can translate a book and sell it as long as you meet the criteria outlined above. You should also keep in mind that intellectual property is extremely valuable to its owner, and stealing it can harm them in the same way that stealing a material possession can, if not more so.
Can I publish my book in another country?
Long answer: You can publish in an English-speaking country regardless of where you’re from or live; while it may make things more difficult when it comes to promoting a book, having an author live in another country is not a deal-breaker for agents or publishers.