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Thread: Wrong Royalty Rate Mistake? Fine Print?


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Permlink Replies: 8 - Pages: 1 - Last Post: May 8, 2011 5:52 PM Last Post By: divorcedoctor
stormyheart

Posts: 10
Registered: 04/11/11
Wrong Royalty Rate Mistake? Fine Print?
Posted: May 1, 2011 2:22 AM
 
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I have my book priced much lower than I like because of the 70% vs 35% royalty.

One the 30th I sold four books, three at 70% rate and 1 at the 35% rate.

Can anyone tell me why this is happening? Is it perhaps because I set it to world wide? Am I getting less for .uk, .fr etc? If so, I'll just pull it from there. I'm not giving it away. :)

Perhaps it was a mistake and I need to contact Amazon. My settings still show 70%.

I'm sure someone knows the answer.
cub06h

Posts: 2,990
Registered: 11/23/07
Re: Wrong Royalty Rate Mistake? Fine Print?
Posted: May 1, 2011 2:41 AM   in response to: stormyheart in response to: stormyheart
 
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Sales on the US store to buyers outside the US (or Canada, I think) are reimbursed at 35 percent, as specified in the terms.

These are sales you would not otherwise have made. Count your blessings!
annvremont

Posts: 1,616
Registered: 07/14/08
Re: Wrong Royalty Rate Mistake? Fine Print?
Posted: May 1, 2011 6:51 AM   in response to: stormyheart in response to: stormyheart
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sales to customers in the US, UK, Canada and Germany are eligible for 70%. However, I think you need to read the entire royalties items in the terms of service, as I seem to recall your title must not only be available at the 2.99 to 9.99 pricepoint, but must be offered worldwide.

I agree with cub (particularly if these are English language books), those are sales you wouldn't otherwise have and they likely are likely to be rare. My 70% at 35% #s are very low - probably 1-2% if I officially calculated it out.
hostaholic

Posts: 656
Registered: 05/06/09
Re: Wrong Royalty Rate Mistake? Fine Print?
Posted: May 1, 2011 7:20 AM   in response to: cub06h in response to: cub06h
 
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Dittos to both you and annv - sales are sales.
stormyheart

Posts: 10
Registered: 04/11/11
Re: Wrong Royalty Rate Mistake? Fine Print?
Posted: May 8, 2011 7:51 AM   in response to: stormyheart in response to: stormyheart
 
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First, sales are sales if you don't sell your book online for $30 and I do. The 35/70 royalty pretty much forced me to go with 9.99 but that's okay. Readers who buy the PDF version get a lot more as they get to ask me questions about the travel destination and they get free updates for life. I update about once per month.

As you all know if I raise the price to $30, I'll make far fewer sales and make about $2 more per sale. grrrrr

I remember when Amazon came out with the Kindle that they made a big deal out of encouraging publishers to offer the product at a discount. Now I understand how they encourage this. I think they called it market distribution dominance in Marketing 101 but was a long time ago. They could loose publishers to other platforms when competition increases but I'm sure they are very well aware of that. :)

There was an announcement about Amazon that added, I think seven more countries to the 70% royalty list. I had copied it and was going to post to this thread but it turned out I couldn't log back into Amazon for a couple of days.

I considered limiting my book to countries with 70% but I'm at number 20 i my niche now and limiting distribution would likely drop me off page one. So, I'll leave it for now.

I'm likely to raise my PDF soon... Not sure what I will do here.
notjohn

Posts: 15,241
Registered: 01/06/10
Re: Wrong Royalty Rate Mistake? Fine Print?
Posted: May 8, 2011 10:37 AM   in response to: stormyheart in response to: stormyheart
 
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[i]seven more countries to the 70% [/i]

I'd like to see that list! My impression was that it applied only to DE and UK shoppers buying from their national stores, and to US and Canadian shoppers buying at the US store. That is, three stores, four countries, and not all shoppers in those countries. (It still is possible for a UK or DE shopper to buy ebooks from the US store.)
zandosman

Posts: 461
Registered: 12/20/10
Re: Wrong Royalty Rate Mistake? Fine Print?
Posted: May 8, 2011 4:02 PM   in response to: notjohn in response to: notjohn
 
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I think you should get over yourself, $30 for a book? Listen, you are probably complaining as you more than likely never read the entire terms and conditions (like everyone else) to join up here.

Yup, people all around the world want to read your book, in some countries we will only get 35% royalties, thats could be 35% of nothing if you want to block countries, consider yourself lucky ffs, but charging $30 for a book, if you were in paperback I would always check amazon for 2nd hand sales if your book was interesting for me.

You would never ever see an unsigned band/singer/songwriter charge $9.99 for a self financed recording so why are writers expecting this?
notjohn

Posts: 15,241
Registered: 01/06/10
Re: Wrong Royalty Rate Mistake? Fine Print?
Posted: May 8, 2011 4:28 PM   in response to: zandosman in response to: zandosman
 
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[i]35% of nothing if you want to block countries[/i]

Well said! It seems to be a rule here that almost no one is content with the marvelous opportunity that Amazon has made available to us, but instead signs up for the KDP and immediately demands that the system be changed. Pay me in sterling! Pay me by PayPal! Pay me by wire transfer! Fix your Preview! Pay me 70 percent for sales to Butan! Pay me 70 percent for my $30 book, and also for my 99 cent book! Let me publish a free book! Give me a letter for the IRS! Indent my paragraphs! Stop indenting my paragraphs!

Have I left anything out?
divorcedoctor

Posts: 5,546
Registered: 07/11/10
Re: Wrong Royalty Rate Mistake? Fine Print?
Posted: May 8, 2011 5:52 PM   in response to: notjohn in response to: notjohn
 
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Have I left anything out?

yup, the fact you called it a Third Rate System

website revised http://www.coversareus.com

Customer Images are at:

http://www.amazon.com/gp/customer-media/customer-gallery/A1TLW4XH7WZJGL

blog http://kindlecoversandformat.blogspot.com/
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