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Resources - Write/Edit for Hentzenwerke Wanna write or edit a book? Here's all you need to know about how the publishing process works here. |
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Write/Edit for Hentzenwerke |
Getting Paid How much?
With contracts come questions about money. That's good, because we're all in this for the money to some degree. As you’ve seen, we've tended not to sell through bookstores in the past, because of the numerous problems I outlined in other sections. You may be concerned that this means that total royalties would be lower because of lower sales. Actually, that's not really been the case, and you can pull out your old Economics text right now if you’d like to follow along. Why? Well, we sell direct as much as possible,
so that we keep as much of the $50 list price as we can, instead
of giving 50% or more to a middleman. As a result, an author
sees more dollars on those sales, because the sale price is
higher. When? Short answer: You get paid between 30 and 60 days of when we do. When we get paid varies according to where the sale was made. Sales made on our website are paid by the end of the second month after the sale was made. For example... a sale on January 4th or January 28th shows up in the royalty payment you get by the end of March. (We wait 30 days to make sure the reader isn't going to return the book.) If a book of ours is sold somewhere else, though, we don't see that money for a while. For example, suppose a book goes on sale on February 1st on our website. We also ship oodles of copies to our distributor on the same day. Due to all the middlemen involved, that book won't actually hit the stores for 4 to 6 weeks, which puts the early sales in March. (That's why a book available on our website isn't available at Amazon for a while.) The bookstore doesn't pay our distributor for those early March sales for 90 to 120 days, so they don't see a check until June. We'll get paid in July for the receipts they saw in June, and you see your cut of those receipts in August. So even though we shipped on Feburary 1st, you get paid a lot later. Blech. Makes those direct sales from our website really attractive, eh? In order to counteract that lag in cash flow, we pay each month in order to get money flowing to you regularly, instead of making you wait quarterly or semi-annually like, ahem, many other publishers.
Authors and Editors are emailed a monthly statement that lists
quantities and dollars for every project they've worked on
for Hentzenwerke Publishing. Authors and editors who reside
in the United States receive their funds electronically to
the bank account they designate while authors and editors
who reside outside the United States receive a good old-fashioned
check in the mail unless they can make arrangements with a
U.S. bank.
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