The short answer is- we work in a profit share method, no advances are given and in exchange the authors are awarded a larger percent of the total profit on the book.
Here is a closer look of how it might* break down in a few different scenarios
- Paperback book: Royalties on retail of 10% paid to author until earning of $400 for publisher is reached, shifting to a 55% royalty after that point
- Hardback book: Royalties on retail of 10% paid to author until the earning of $450 for publisher is reached, shifting to a 55% royalty after that point
- Full color books: Royalties on retail of 10% paid to author until the earning of $500 for publisher is reached, shifting to a 55% royalty after that point
*this is for example only, and while it demonstrates the guidelines we attempt to operate by, it is not representative of every situation or scenario