Royalties can be confusing to the new author. I know an author that once received a check from his publisher for a mere 39 cents. Frustration can ensue when you used a royalty calculator, and your royalty payment is much less than what you calculated. The question is, where is all the money going?
To understand royalties, one must consider the type of contract the publisher offers. Contracts vary widely, and royalties’ percentages will reflect the method used to create the book, market it and sell it.
Let us begin by outlining a few sobering facts about self-publishing and the realities of becoming a published author. I have learned that expectation management is critical in publishing a book. Just a warning, this might hurt a bit.