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12/20/2005 01:09:40 AM · #1 |
I am writing a book on Photography (for amateur photographers). This book will contain about 300 tips in dealing with various subjects, like equipment, People/portraits, Landscapes, Still life, Architecture, Food Photography, Children, and so on. This book will also have two chapters on digital photography and editting the digital images.
The script has been completed, and I have contacted a no. of publishers in India. Two of them have approved the script. The first print-run will be about 1500 copies. The MRP will be Rs.200.00(about US$4) only.
As per one of the publishers (say X-Publishing), they will pay me 10% of MRP on sales, as royalty. But the royalty will be paid annually, after the sales performance.
As per other publisher (say Y-Publishing), they will make me only one time payments, which are mutually negotiable, and copyright will be theirs. As per my estimate, they will not pay me anything more than Rs.50000.00 (about US$ 1000). (This publisher is more popular and probably more professional!).
Which of the two options should I choose?
Can anyone help? Are there any other options?
Message updated on 21.12.2005
Another development in this case is that the first publisher(option-X) had indicated the MRP as Rs.200 (US$ 4), whereas, the second publisher(option-Y) has indicated that the MRP will be about Rs.100 only (US$2). I personally feel that in a price sensitive market like India, the book will be more popular at a lower price.
Message edited by author 2005-12-21 01:06:22. |
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12/20/2005 01:16:26 AM · #2 |
At 10% royalty on 1500 copies sold at $4.00 US per copy, you'll get $600.00 US if the print run sells out. I'd take the better publisher and $1,000 and run with it. If the book is succesful, you'll be in a good position to negotiate better compensation for subsequent books. If the book doesn't go into reprints, you'll be well ahead of the game.
Robt. |
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12/20/2005 01:20:00 AM · #3 |
| With one time payments and copyright with the publishers (option-Y), there is no question of any subsequent payments. |
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12/20/2005 01:22:09 AM · #4 |
Originally posted by kbhatia1967:
With one time payments and copyright with the publishers (option-Y), there is no question of any subsequent payments. |
No, but the next time you make a book you'll have a track record with a succesful, reprinted book and on the NEW book you will be able to cut a much better deal than this one. The main thing is to do whatever it takes to make this first book a success, and this suggests going with the better publisher.
Robt. |
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12/20/2005 01:36:29 AM · #5 |
| I got your point. But, one feels cheated this way. If the book achieves a sale of say 50,000 copies, the publisher will make huge profits, without any liability to pay me anything! |
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12/20/2005 03:23:32 AM · #6 |
Originally posted by kbhatia1967:
I got your point. But, one feels cheated this way. If the book achieves a sale of say 50,000 copies, the publisher will make huge profits, without any liability to pay me anything! |
it all depends on your ability to produce a book worthy of 50,000 copies and their ability to sell it. if you know you have a smash hit, then there is no question--go with the first publisher. on the other hand, if you are just getting started, then bear's advice is pretty good. |
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12/20/2005 03:53:59 AM · #7 |
Considering you are from India as i am.You are well aware of market for Photography Books.I would be more than glad to accept one time payment of Rs 50000, which i feel is really amazing considering it will be your first book and set a better negotiating future for your future books.
Try jjmehta.com forum It is a Indian forum and there few people who have similar background like yours
Message edited by author 2005-12-20 04:04:57. |
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12/20/2005 04:04:38 AM · #8 |
Sounds like it is time for some soul-searching. Take a hard look at the market and at your book and decide for yourself if your book has what it takes to set itself apart from the others already in the market.
The only thing I would worry about with the one-time payment is since they will own the copywrite, you will not be able to write a 2nd edition without their consent. Provided it works the same way there as I understand it to work here.
This I feel is the main benefit the second company is after, not any sales over what they have already paid you -- but instead to get first say on future editions.
David
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12/20/2005 06:14:00 AM · #9 |
Originally posted by Britannica:
Sounds like it is time for some soul-searching. Take a hard look at the market and at your book and decide for yourself if your book has what it takes to set itself apart from the others already in the market.
The only thing I would worry about with the one-time payment is since they will own the copywrite, you will not be able to write a 2nd edition without their consent. Provided it works the same way there as I understand it to work here.
This I feel is the main benefit the second company is after, not any sales over what they have already paid you -- but instead to get first say on future editions.
David |
There are hardly any good books on Photography, in India. We have only 4 photography magazines.
Since, this is a book on Photography tips, this will not require frequent editions. Revision may be required after, say 3-4 years.
Not sure what they will pay me at the time of next edition!
Message edited by author 2005-12-20 06:14:44. |
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12/21/2005 01:07:34 AM · #10 |
The third option could be 'self publishing' with lulu.com?
Suggestions please.
Message edited by author 2005-12-21 01:08:57. |
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