Chapter 118 Royalty Settlement
The time came to the end of August, and on this morning, Dong Xiaoxue walked into the office with her head held high.
During this time, she was really in high spirits.
As an editor, isn't the greatest success to dig out a good writer or a good book?
And Dong Xiaoxue, this time she has done both aspects to the extreme!
Yu Wenfei, a fledgling high school student, just participated in the new concept competition and achieved a little results.
has not yet been tested by the market, Dong Xiaoxue dares to bet heavily on him!
This decision was questioned a lot at the beginning, Dong Xiaoxue did not have a good time during that time, and she was under a lot of pressure.
But now, with the hot sales of "I Love the World, But I Love You More", all doubts and ridicule have gone with the wind.
With that, compliments, praises!
New books hit the market at the end of May, and now, exactly one quarter.
It's time to make a summary, because various channel providers, in recent days, have also successively collected payments.
Similarly, the publishing house is also going to settle the first royalty for Yu Wenfei.
According to the terms of the contract, each quarter, the two parties will settle the royalties.
Although Dong Xiaoxue doesn't know the specific number, she can guess it if she roughly estimates it, it must be very amazing!
The contract that Yu Wenfei signed at the beginning only paid 8 percent of the royalty, which was 8 percent of the book's price.
And "I Love the World, But I Love You More", the publishing house has shipped nearly nine million copies.
The minimum pricing is twenty-five, and there are thirty- and thirty-five priced versions later.
At the lowest price, according to 80% of the dealers' sales, that is 7 million copies, and 251 copies, the total amount is 170 million!
What Yu Wenfei can get is more than 13 million ......
A book is a god, that's almost it, Dong Xiaoxue smacked her tongue secretly.
She has been an editor for many years, and it is the first time she has seen such a popular book, and it is also the first time she has seen a writer who can earn so much money from her first book!
Wait for Yu Wenfei to release the second and third books later, by that time, he already has a huge fan base, if the quality of the book itself is okay, then how many copies will be sold, Dong Xiaoxue is a little excited when she thinks about it.
For the sake of this book, the publishing house held a special meeting.
The participants, of course, are indispensable to Dong Xiaoxue, the editor-in-charge, and the editor-in-chief, the people from the distribution department, and the people from the finance department.
"As of today, I Love the World has shipped 8.85 million copies. The first few batches of shipments have been sold out in the channel, except for the recently shipped goods, and some losses have been released, and there have been seven million copies of the payment. ”
The people in the distribution department reported the data first.
There was applause in the conference room, and everyone was beaming.
It's so rare, "I Love the World" has only been released for three months, and it has actually sold 7 million copies, which shows how popular the book is.
It is also rare in the history of commercial printing halls.
The next thing is the financial return, and the data on their side is a bit complicated, because the purchase discounts of each channel are different, but the profit that this book brings to the publishing house is also very amazing.
Under normal circumstances, a publishing house can get about 30% of the gross profit of a book, excluding the cost of printing and publicity.
After subtracting the author's royalties and the editor's commission, it is the net profit of the publishing house.
If you look at this momentum, by the end of this year, "I Love the World" will easily break through the 10 million mark!
The profit brought to the publishing house will be in the billions!
The editor-in-chief said with a smile on his face: "Very good! This time, Xiaoxue still has a vision, and he has unearthed a general for our publishing house! By the way, Yu Wenfei has to contact him often, didn't he say that he wanted to write a trilogy for this youth series, and did he start writing the second book?"
When the contract was signed, Dong Xiaoxue and Yu Wenfei signed not a contract for one book, but three books in the entire series!
However, the contract is not written to death, but under the same conditions, for Yu Wenfei's last two books, the Commercial Printing Museum has the right of first refusal.
Of course, the publishing house also has its own selfishness, and he has thrown so many resources into it and picked up Yuwenfei, if he turns his head and signs the second book to another publishing house, then it will be a big loss on his side.
In addition, if Yu Wenfei's first book is a big hit, then it will be easy to say later, your own publishing house has priority, and you can renew it directly.
If Yu Wenfei's book can't be popular, then he can also lower the price on his side, and even stop signing the contract and give up the right of first refusal.
"I just talked to him on the phone two days ago, and Yu Wenfei has already started writing, but he doesn't plan to publish it too soon, and it is expected to be released in May next year. The first book will have to be sold for a while longer to squeeze out the potential. Dong Xiaoxue said with a smile.
The editor-in-chief nodded with satisfaction, one book a year, this rhythm is very good.
Basically, the best sales period for a book is the first half of the year or even the first few months, and the sales will be less and less later.
Wait a year later, and then launch a second book, when the sales potential of old books is about the same, and the new book on the market may be able to drive sales of old books.
At the same time, the popularity of old books has not completely subsided, and it can be regarded as laying a good foundation for the listing of new books.
"Calculate Yu Wenfei's royalties over there, and it's time to settle it for our big writers, don't let people pick on us, haha." The editor-in-chief instructed.
The royalties are very easy to calculate, seven million copies, and different batches are calculated separately for different pricing.
In the end, the finance department gave an accurate number.
Fifteen,680,000!
This is a pre-tax figure, but even after deducting personal income tax, Yu Wenfei still became a multimillionaire with a book!
There is a golden house in the book, and the ancients did not deceive me......