Here's how the payout goes....
Each book is assigned a royalty percentage that is based on the cover price minus manufacturing costs.
Let's say for example, the book's cover price is $20.00 and the cost for us to print is $2.00. Subtract and you have $18.00. Our average royalty payout for trade paperback books is 25% (more than 3 times that of traditional publishers).
If you write the book yourself, you will receive, in this case scenario, $4.50 per book.
If there are, for example, 3 equal contributors to this particular book, you will each receive $1.50 per book.
And remember, this payout is in perpetuity.
Royalties are paid 30 days post the close of the quarterly royalty period.
Our royalty periods are as follows:
Spring accounting period covers the beginning of March thru the end of May, with payout coming 30 days later, or the end of June.
Summer accounting period is beginning of June thru end of August, with payout coming end of September.
Fall accounting period--September thru November, payout in December
and finally, Winter is, of course, December thru February, with payout in March.
All StandUp Chefs will be able to view books sales on a daily basis on line so they can not only see how their books are doing, but how others are as well. This will allow Chefs to calculate what their royalty check will be, so it's no mystery.
