I thought you might be interested in seeing a break-down publishing
costs. This is what we have for this book:
Distribution
2019
|
8.4
|
|
IPG
2019
|
2.22
|
|
Set up
|
71
|
|
Cover
|
250
|
|
Edit
|
175
|
|
ALDL
|
24.75
|
|
British
Library
|
9.67
|
|
541.04
|
This has been a slightly more expensive book to produce that
most of our titles. This is because we have
bought in more services as this is a book I have written.
So here is an explanation of what the terms on the chart mean.
Distribution 2019
We pay £8.40 a year per title to have our books hooked up to
major distributors, wholesalers and retailers. This is an absolute bargain. It would
take hours and hours of our efforts to get this done and not all would accept us.
Because we do this through Ingrams / Lightning Source we have access to their visibility
and good will within the industry. The figure includes VAT. But it is £8.40 we
need to cover each year per title.
IPG
We are members of the Independent Publishers Guild which is
a source of advice, information and opportunities. We divide our annual fee by
all the titles that are currently in print. This figure goes down each time we
add a new book.
Set up
This is the same price for all print paperbacks and includes
VAT. It costs £25 to upload the inside of the book and £25.00 to upload the
cover. We pay £21.00 for a proof copy. There is an option to accept an electronic
proof but we prefer to see the actual physical book. A particular point is how
the colour blue translates from the screen to print. For full colour books an escalating
rate is paid. Oddly though, our two full colour books, Magical Christmas and Who
Will Be My Friend? both cost less to set up than the standard paperback.
Cover
We commissioned a cover here as this is one of a cycle of
six books with similar covers. We pay £250 to artists and photographers if we use
them but more often than not we design the cover in-house, using copyright-free
images form Pixabay.
Edit
Normally this is done in-house and we don’t pay ourselves
but take a share of the profit. We’ve started using a few other editors, and have
started paying them £180 for three stages of editing, as an advance, then once
that is earned back awarding them part of the publisher’s profit share. In this
case a professional freelance editor gave us mates’ rates.
ALDL
We have to deposit five hard copies of each book with the Agency
for the Legal Deposit Libraries.
British Library
We have to deposit one hard copy of each book with the British
Library.
We have applied to be allowed to deposit electronically both
to the British Library and the Agency for the Legal Deposit Libraries. We are
still awaiting a decision.
We’re shortly going to start paying our in-house editors, designers
and marketers an advance. This will create greater set-up costs. This won’t
affect the share of net sales that goes to authors but it will mean that a new
book will only be taken on once a book has recouped its set-up costs.