One of my readers, Rebecca R., kindly wrote me last week, concerned, regarding the price of my book on Amazon. As she put it, “Amazon is price gouging you.” Yep, pretty much.
As I say a lot, I’m committed to being as transparent as possible in the name of sharing information that will benefit us all as part of We Are $ew Worth It. So here’s what I know about the numbers surrounding my book – a peek behind the green curtain, with some hard math numbers. I would love for anyone else to chime in with more knowledge in the comments.
1. A publishing company spends between $30-50K to produce a book. They edit, photograph, design, print, and distribute it, using a combination of salaried and contract staff. C&T Publications/Stash Books is my publisher.
2. I did not receive an advance to make my book. I have no idea if more established authors in this industry get advances. An advance means you get some money up front, your royalties pay for that until the advanced amount is paid off.
3. The rest of the quilting industry (fabrics, batting, notions, etc.) helps authors by supplying materials and tools in exchange for exposure in the book. In my case, that was about 90% of the materials I used. This was seriously helpful, especially with no advance. Everyone who helped is listed in the back/resources pages. You should read this to see which companies help out the most, so you can support them. Yes, it seems rather incestuous, doesn’t it? But trust me, without this help designers couldn’t make new stuff for you.
4. It took me 8 months to design, write, piece, test, and quilt the projects for my book, and it was pretty much all I did for those 8 months (the pattern side of my business, my bread-and-butter income, was neglected). I had a couple of group sewing days where friends furiously paper-pieced letters for me, and another where a friend showed up to help spray baste everything. I sent out only one quilt to a long arm artist (and as it happened, we didn’t include that project). It was an intense and grueling time.
5. It takes about 12 months from when you deliver the manuscript and quilts before the book gets out into the world. During those 12 months, I have had more deep commitments in the editing, technical editing, design review, and especially the marketing end of it. The author is expected to do the brunt of getting out the marketing word across any and every platform possible. So while I turned everything in a year ago, my time is still being consumed by this. And will be for a while yet.
6. Pricing: My publisher determined the price of my book to be $24.95. It has 144 pages, and a jumbo pullout pattern sheet for the letters. This seems to be good value in comparison to others… I’ve seen 112 page books for this price.
7. My royalties on this book are 8%, which means 8% of the price that the publisher sells the book for after returns and other things that can eat into that number. Most shops that will buy the book will buy it for $12.50, which means I earn $1 per book. I assume (but don’t know) that bigger outfits like Amazon, or chains like Barnes & Noble or Joann’s might get a discount on their wholesale deal. If they do, my royalties for those units go down with that discount, too. If the publisher gives the book out as a complimentary/free copy, I get 8% of free, which is zero. Royalties get paid quarterly, so I’ll see my first check for Quilt Talk probably next January – which will be a full TWO YEARS since I started working on it.
7a. My royalties on an ebook are 15%, with the book priced at $14.99 on C&T’s site. I have no idea what the likes of Amazon or libraries might pay for the right to distribute ebooks. Let’s hope I get $1 apiece for these too.
8. What ever you think about Amazon, they are the juggernaut that drives how the market operates. Their ratings determine my future, as they drive my internet popularity, which is how far up the list I appear when you type my name into a search engine. Few people look beyond the first page of an internet search, so coming up on page one is very important. Your leaving me reviews on Amazon matters mightily to that search rating, not to mention influences other buyers. And I’ll be nudging you about reviews later, because that’s part of my marketing obligation.
9. Obviously, Amazon buys in bulk and spreads profit and loss across millions of products, and so they can afford to discount. I have no idea what they will pay for my book, but I do know that I’ve seen the price of Quilt Talk fluctuate on their site from $18 to $22 (they have algorithms for this based on YOUR buying and browsing history). Add the lure of free shipping (whether you buy more to get to the $35 free ship threshold, or have a Prime account) and it’s easy to see why book sales elsewhere are a struggle.
10. Stores: I assume the big chains get a break. I know the independent stores don’t. They will pay $12.50 for my book, and hope that you’ll buy it from them (rather than come and look at it and go home and buy it on Amazon). Remember, if you want a quilt store or independent bookseller in your town, you actually have to buy things there. Amazon will survive you not buying the occasional book. The quilt store might not.
11. Book signings: I’m doing several book signings at stores… no one is paying me to get to them. It is not customary for the author to get a cut of the sales action the book signing generates, beyond royalties. Book signings help stores the most, so if you can, it’s good to go to them. Even if you don’t buy my book there, it’s lovely to meet supportive people.
12. Quilt Market: If I want to promote my book at Quilt Market, I have to get myself there, and that costs about $1000-$1200 for plane, hotel, taxis, and food. I’ll be doing a School House Session at Market in October, which is a half-hour event where I pitch the book, tell shop owners how to sell the book, which projects make good workshops and classes (and I’ve already written the class outlines for those), and which products they can tie into sales (rulers, cutters, mats, papers, etc.). My publisher is picking up the cost of this (they have to buy the School House slot from the Market people), but they don’t foot the travel expenses. While I’m there, I’ll also be signing at distributor booths to generate interest. Again, for no payment… basically, if I show up, these people will use me as best they can. Why do it? I hope to get contacts for teaching and speaking gigs out of this.
13. Pre-sales: Amazon is doing pre-sales, so I decided to as well. I chose $20 as my pre-sale price, but still need to charge shipping. This book is heavy, so my shipping options are $4 for media mail (slow to you, and a trip to the post office for me) or $5.60 for Priority Mail ($5.05 if I print at home). Regular old first class is around $7, so Priority it is, and I rounded it down to $5. I’ll be paying $12.50 plus shipping for my book, so let’s call it $13. So if you buy my pre-sale for $25 (which includes the shipping) I’ll make my $1 royalty, plus around $6 (I lose about $1 to Paypal), out of which comes mailing time, printer ink, mailing labels, order management time. I would love to be competitive with Amazon, and offer you the book for $18 including shipping, but at that point I’m making barely $1 in profit (not including the royalty $1) and frankly, it’s not a cost effective use of my time to do all that mailing stuff for break even numbers.
14. Book Plates: I’ve decided to do signed bookplates for those of you that want a signature scribble from me, but won’t see me, or want to support your local quilt and book stores. I thought I would be able to mail them to you for free, but the cost of printing the bookplate, putting it in an envelope I have to purchase, and then putting a stamp on it comes out to about $1. Which is my royalty on the book you purchased elsewhere. So I’m charging for bookplates or again, it’s not cost effective.
So in short:
- If you want to help the author the most – buy directly from the author on her/his site, or at an independent function such as a guild lecture.
- If you want to help your local quilt or book store the most – buy directly from the quilt or book store.
- If you need to save a few $$ (and really, we’re talking the price of a couple of fat quarters or a frothy coffee drink with a tip) – buy from Amazon under one of their free shipping deals.
I would love it if you add any knowledge you have to the comments!
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