Fixed Price Content Edit AND Royalty Split

From July 2014, my minimum price for a full content edit has crept up just a little, from 0.0115 EUR per word to 0.0121, or approx. 660 USD for 40k words (~0.0165 USD per word).

In addition, I am formally adding a new service and a new payment arrangement:

One Shot Read and Comment

This is a content edit, where I read and analyse your manuscript and focus my analysis on a few critical factors. More details on my website. This is offered at a fixed rate of 0.005 USD per word.

Payment by Royalty Split

Subject to my accepting your manuscript, I am offering four of these per year, and the next one available will be Q4 2014. The split is an "earn out + bonus" arrangement. On seeing your manuscript, I will set a fee for my edit. Once your book is launched, royalties are split 50/50 until my fee is paid, then 10% (the 'bonus') until the first anniversary of the book launch. If my fee is not paid by the first anniversary, then I will write it off. In other words, you have nothing further to pay. To be absolutely explicit: if the book sells zero copies in the first year, you don't pay me anything, ever for that book.

This arrangement is intended both to encourage new writers to take a more businesslike approach to selling their books, and to defray the costs of free edits, which I want to be able to continue to give. As such it isn't really suitable for authors who are already making a steady income - you will probably lose out.

No comments: