Book News; Where does all your money go?
With the rebellion and boycotts against various companies, people shifted their buying to online. Part of this was due to Covid 19 and part was due to convenience. As a result, various online sellers like Amazon became even bigger. So all we did with our boycott was strangle one thief to give to another.
The independent publishers, like us who were already struggling, saw things grow more dim. Effectively becoming an author or publisher means a second job to pay the bills as it has now become more of a “hobby” than a future income.
For the customer they see the price of the book, this price nowadays is high so they pull back, rightly so. And it is often assumed the author is raking in the money.
The System is rigged.
The truth is the system has become rigged and is full of spider webs. And authors today are working slave wages, pennies in fact. Let me show you a screenshot example from our Science Fiction book, Fading Starlight.
The last column is the amount the author gets paid every time a book is sold, as you can see it’s not much. Overseas sales are just as bad, and Canada is non-existent for authors.
The discount added is for the purpose of encouraging small bookstores, driving the compensation down even lower.
As an example, if you were a bookstore and bought 100 copies you would pay $1895.00 plus shipping. The author would see $149.00. So who do you think collected the remaining $1746.00?
Go direct.
The best way is to sell directly to the customer. Although the author is still not making much (due to printing costs) it is still far better than what you see before you. In fact, many authors if they plan ahead can offer the customer a price break if ordered in volume.
Some even send personalized notes, promo codes for the next buy, and so on. If you considering doing a large order then search out the author or publisher and email them before the order.
Chances are you will save money.
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