Ipad, iPhone OS 3.1.3
Fabe wrote:
From Apple's: EBOOK AGENCY/COMMISSIONAIRE DISTRIBUTION AGREEMENT, Section 5: Commission; Tax; and Reporting, paragraph (c)
"After deducting Apple’s commission, and any taxes collected by Apple under
Section 5(f) hereof, from eBook Proceeds, Apple shall either remit to Publisher,
or issue a credit in Publisher’s favor, subject to Apple’s standard business
practices, including minimum monthly remittance amount thresholds determined
by Apple (e.g., $150), the remaining balance by electronic funds transfer (“EFT”)
no later than forty-five (45) days following the close of the previous monthly
sales period. ..."
Can someone please explain this in plain English? What exactly is the "minimum monthly remittance amount threshold"? If I plan to sell my book for $4.99, does that mean I have to sell 30 copies (about $150) before I receive a penny in profit? And would that be 30 copies per month?
I am a self-publishing first time author, so I may have difficulty selling a high volume (although I hope to!), but I've already created the ePub files myself and purchased ISBNs. It doesn't make sense to pay an aggregator to do nothing, especially if they take an additional percentage of my revenue.
Can someone help define the minimum number of copies I need to sell to justify pulishing in the iBookstore? Are there any liable costs if no copies are sold?
As far as I can tell going through any aggregator with the exception of Smashwords is not worth it.
As long as you have access to a Mac you can set up an iConnect account, which runs like Amazon and B&N (more or less) when it comes to commissions etc.
Smashwords will set you up for free though they will take a cut, and are slower to pay than Apple directly. Omni-Lit's program was decent as well, the rest that I checked out were crazy expensive for a small publisher.
Amy
Did this question ever get answered? I self published an iBook in iTunes, but so far have only sold about 7 copies. 😟 It's been out for several months, but I haven't received any kind of payment.
Seeing as I barely sold any it's not that big of a deal, but I'm curious about what the min. number of sales is before I start getting any kind of return from my book.
Obviously my book isn't a money maker, but I still hope to up my sales with future marketing strategies and such. I think the legal terms of service have changed recently, but I still don't understand it!
Any idea?
This is my book btw, in case that helps.
Bloom: A Journey of Photos & Poems
by Justin Matson
I'm still proud of it, even if no one bought the darn thing!
Publishing In iBooks question
