Royalties. Getting paid. The important part.
This is how we calculate royalties:
If you are buying books from us to sell yourself, for example from your own website or at a conference, then you get to keep all of the profit.
When you are selling through the book trade, from the net sale amount (this is the retail price less the 30% trade discount) we deduct the Author's Price (this is what it costs for your book to be printed) to arrive at the gross margin - and this is the amount of profit that you receive.
Retail price $10.99 deduct trade discount of 30% ($3.30) = wholesale price of $7.69. With an author price of $6.95 (200 page count or less) this will leave you with a profit, per book sold via the book trade, of $0.74.
The above is for calculation purposes only, you can, of course, set the retail price to your liking as long as print costs are covered.
As we are printing books to order for each sale made, the author doesn't have to pay for book manufacturing after investing in the initial publishing package. Because traditional publishers allow booksellers to return unsold copies, they tend to pay royalties less frequently and for a period that ended between three to six months before the date that payments are made.
Sales and royalty statements are issued twice a year in January and July via paypal and include all royalties accrued during that period. All figures are compiled electronically from book trade sales (on-line and wholesale). Any payment due is paid thereafter via paypal.
We prefer to use the paypal service to pay our authors. If you do not wish to use paypal we can pay you by cheque (Cdn dollars) or electronic bank transfer (fee will apply). Not all payment methods might be available to authors residing outside the UK, the USA, Canada or the European Union, it is up to the author to ensure he/she can receive payment into their country from Canada.