Let's Talk Royalties and Donations
Updated: Nov 29, 2019
So I have announced that I will give 50% of my revenues from the sale of both the eBook and the paperback versions of my debut novel, Sun-Kissed, in the name of idols and fandoms. The first one will be in Monsta X and Wonho's name, the second Monbebe, and the following ones will be determined as we go along.
I want to donate in chunks, and I will keep this blog updated on how much the donation fund is going. When I reach a good milestone (which will highly depend on sales, so it could be 50$, 100$, or more if the sales go well) I will drop a donation to a charity with a blog post.
The first charity will be Unicef, as I believe it is a pretty safe charity to give to. I will give to various causes along the way, and keep the blog updated on which. That is as long as the novel is being sold and as long as I hold the copyrights for this story, which I am guessing will be until I expire.
To show you what Royalties look like on the author's side, and for the sake of complete transparency, here is exactly how much will really go to charities. This is based on the following prices: $4.99 USD for the eBook, and $16.99 USD for the Paperback.
First, a break down of Amazon's projected royalties. The break down takes the Amazon platform purchased from (.com, .ca, .in, etc.) in consideration and whether the title was sold as an eBook or Paperback.
I hope I am allowed to show these screenshots and that it's not some breach of Amazon's platform or something. So in the picture above, you see that, in some areas, the Royalty is 35%, in others it's 70%.
The 70% countries are: Andorra, Australia, Austria, Bahrain, Belgium, Brazil, Canada, Egypt, France, Germany, Gibraltar, Guernsey, Hong Kong, India, Ireland, Isle of Man, Italy, Japan, Jersey, Jordan, Kingdom of Saudi Arabia, Kuwait, Lebanon, Liechtenstein, Luxembourg, Macao, Mexico, Monaco, The Netherlands, New Zealand, Oman, Qatar, San Marino, Switzerland, Spain, Taiwan, Thailand, United Arab Emirates, United Kingdom, United States and Vatican City.
Other countries for some reason have lower Royalty rates, so purchases from those other countries will raise less money. Still, 50% will go to the charities.
The next picture is with currency conversion for international readers.
Finally, here's the Paperback Royalties for US and International readers separately. Obviously, this is all based on today's realities. The book may have to be discounted at some point in the future, or undergo price changes due to factors out of my control. The 50% will always apply.
The exact amount of each donation will be made public with a screenshot on the blog. So rest assured, if you follow this website, you will see all the updates as I go along.
I know this blog post was easily the driest ever written in the history of the Internet, but I thought it most necessary.
I will share more interesting posts later down the line. I was thinking that I wanted to share the Hangeul version of the various songs I wrote for the story. And here will be the best place, easily. Amazon's publishing service does not support Hangeul as of now, so my plan to provide a Hangeul and a Romanized Korean alternative book became impossible. Still, I think to better understand the Romanized Korean lyrics, a post of the Hangeul lyrics on here will help everyone understand the words better.
Edited November 28 2019
While formatting the manuscript for the paperback version, I decided to make the text more compact to look better printed out. By doing this, I apparently shortened the book by more than 100 pages, making the printing costs go down. Here is the new pricing (now $15.99 USD, instead of $16.99 USD) and the royalties reflecting the changes.
The printing costs are nearly $1 less than before. Along with that change in book thickness, I decided a lower selling price would make more sense for the category. So here are the updated royalties based on the new selling price and the new printing fees.
You are now fully up to date. Oh, and by the way, the book is in review, but it is officially released in paperback version! On November 29th (Korean time 😉 ).
Post Picture Credit: Brian Cheng on Unsplash @last_name_cheng