Tuesday, October 2, 2007

Why Are Authors Giving Away Money?

I have been in the publishing industry now for over two decades, and am still amazed at how authors strive so hard to get into bookstores and become "published" through standard publishers, yet are literally giving away thousands of dollars in money by taking the least profitable publishing route. When will authors catch on? In a "partnership publisher" such as CSN Books, there is an up-front cost, but the potential profits are amazing. For example, 1000 books sold with a retail value of $10 through a bookstore may produce a royalty author with an income of between $250 and $500. In the same senario with a Partnership Publisher, the author could pocket $8,000 to $10,000!

I'm confused. When will authors get it?

Dr. Mike Wourms, President, CSN Books

2 comments:

drvums said...

Great insight, It's not easy getting this info to authors.

Michael5 said...

It is so important that new authors do their homework. It is time to get beyond getting their book "accepted" and growing to learn that they can actually control the publication of their book, and can impact their own profits!