Has Anyone Heard of This Publishing House?
Posted on 27. Jan, 2010 by admin in Kindle
I have seen some listings for Pandora Project Publishers, supposedly a publishing house that publishes e-books on Kindle and other such devices. They have a few publications listed on Amazon.com, but no website as far as I can tell. They offer 8% royalties “twice a week,” but something seems… off to me. I am skeptical regarding their credentials and methods. Does anyone have any information about this publishing house, and whether or not it is legitimate?
EDIT: I read that the average royalty payout is between 6% (paperback) and 12% (hardcover).
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3 Comments
akaMaryn
30. Jan, 2010
Assuming you or your literary agent can sell your book to a legitimate publisher, which is not easy…
Typical royalties for hardcover editions are 10% on the first 5000 units sold; 12 ½% on the next 5000 units and 15% thereafter. Most first novels by people who are not celebrities sell under the first 5000. If you sold 5000 hardcovers retailing for $25, you’d earn $12,500.
Typical trade paperback (the oversized ones) royalties are 7 ½% on all sales. Sell 5000 of those at $15 and you make $5,600.
Mass market paperback royalties are usually 8% for the first 150,000 units sold and 10% thereafter. Sell 5000 at $8 and you earn $3,200.
That’s print, though. My understanding is that royalties on epublishing are a whole different thing.
Note that this publisher is not listed with Preditors and Editors, which suggests they are very new indeed. You might inquire at Absolute Write’s Bewares and Background Checks board. You’d have to register first, but it’s a first-rate writing site.
David
01. Feb, 2010
You don’t need a publisher for a Kindle book. Amazon has its own process. You can find it by going to Amazon.com, then navigate to the bottom of the page to Self Publish and then select Kindle. It takes you to a Digital Platform, where you can read the contract, create an account, and see what you have to do to list your book. It’s free, but Amazon doesn’t promote your work unless you’re an established author. Ebooks sell for less than printed books, but the royalties are higher.
Gianna
04. Feb, 2010
There are so many publishers who would offer more than 6% but considering that you would also get to have a hard copy version of your book. Why stop at ebooks then – when you could do so much more!
Publishing companies now have all the resources to publish books or ebooks with the same productivity and efficacy as that of regular black and white books you see in physical bookstores. Considering the fact that most books are in full color, you should choose a publishing company whose book’s are of the highest quality, bar none.
Now considering that there are so many publishers already always place in mind that your book is your work and that no one should be telling you what to do with – it should be up to your discretion how it should be published, printed and marketed. It would also help to check on their legitimacy through the Better Business Bureau.
Best of luck
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