Royalties. This is the percentage that an author is paid after a book is sold. Royalties can be based on the gross sale (cover price) or the net sale (after trade discount, printing, tax, shipping, handling, or whatever charges are specified in the contract). Some publishers rave about royalties that are 20% of net. They claim this generous royalty is over three times higher than a royalty paid out by a traditional publisher, which is around 6%. But they are comparing apples and trucks. A…
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