Hi, I'm Ray Evans. I'm a certified copyeditor and proofreader.
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So, what is the typical author royalty rate?
How much do authors get in royalties? 🤑
Royalty rates differ depending on the format of the book, such as print or ebook.
They also differ between publishers (if you go the traditional route, which I think is unnecessary in 2022 and beyond) and stores (if you self-publish to them directly).
The average royalty rate for traditional publishing is around 10%, and up to 70% for self-publishing.
Self-Publishing Royalty Rates!
Amazon KDP: up to 70% royalties for books between $2.99 and $9.99,
35% if less than $2.99
Apple Books: up to 70% royalties
Google Play Books: up to 70% royalties
Barnes & Noble: up to 70% royalties for ebooks, 55% for print books
Kobo: up to 70% royalties for books priced more than $2.99, 45% if below $2.99
Standard Publishing 😞
Paperback: 5-8% royalties
Hardcover: 15% royalties
Ebook: 20-25% royalties
The good folks at McZell Book writing actually crunched the number to find out how much the author would earn for a $14.99 book that was self-published vs traditionally published and here's the verdict:
And that's a $23,700 difference 😱
Of course the biggest advantage to traditional publishing is that it easier to get visibility so I wouldn't write it off entirely.
But there you have it: self-publishing is potentially a more profitable route to ensure that your next story is financial success.
If you're looking for proofreading or copyediting before publishing your next book, to ensure you get more sales, request a free sample by using the form here.