This weekend, I received my first payment from CreateSpace for the copies of my book sold in August. My earnings are $2.86 per $12.99 paperback sold; although Amazon has now discounted the sale price to match Barnes & Noble.com's price of $9.35, I'm still receiving the same share. The Kindle version of the book is now $2.99. My earnings are $2.04 per sale, based on the 70 percent royalty.
Today, I checked in on one of my favorite blogs, JA Konrath's A Newbie's Guide to Publishing. His post on Friday covers the cost of e-books, but he's provided some information on traditional earnings that almost made me fall off my seat:
"...So, for a $7.99 paperback, the author earns 64 cents per copy sold.
For a $13 trade paperback, the author earns 75 cents.
For a $25 hardcover, the author earns $2.50 to start out, though it can get to $3.75 if it sells well...."
Do you have a headache too after looking at those figures? Pretty dismal.
I still believe mainstream publishing offers a level of exposure I may never have by going indie. When I compare my royalty percentages to those in traditional publishing, I'm more than happy with my decision. In fact, it makes me consider whether I really still want to chase that big print deal. Especially, if I get to do most of the hard work, and earn much less than a potential publisher will.
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