Chapter 178 Royalties
As a result, the next day, Zhao Yanshu told her that he planned to ask Professor Li to help publish the book in a foreign publishing house.
Lin Yuzhu was surprised by his decision, "Why did you suddenly change your mind?"
Zhao Yanshu was a little embarrassed. "Professor Li told me some things, and I think he is right. If my book can be published abroad and sells well, then the news will also reach China, and maybe it can be published.
And I don’t want the book I wrote to just sit there in my hands and never see the light of day.
Besides, even if it’s unpopular, it won’t affect anything. It’s just an opportunity after all.”
Lin Yuzhu understood, "Then what about Professor Li? Should we just ask him to help for nothing?"
"No, I've talked to Professor Li, and I'll give him a portion of the agreed royalties as compensation."
"Royalties?"
"It is a form of payment for writing. Foreign publishers generally do not buy out the author directly, but will pay a certain amount of money based on the number of copies sold, which is royalties.
I asked, and I learned that royalties abroad are generally 5%-15% of the book’s price.”
"So little?" Lin Yuzhu was surprised. "That means if a book sells for 1 yuan, you can only get 0.5 to 0.15 yuan, and the rest goes to the publisher! Isn't that too much of a difference?"
"It's a lot! After all, the publishing house is responsible for the subsequent printing, publicity, and sales. We just need to collect the money."
"Is that so?" Lin Yuzhu calculated carefully and it seemed so, but she still felt that the publishing house earned more.
But I'm not going to dwell on this now. "So how much do you plan to give Professor Li?"
Zhao Yanshu shook his head, "Professor Li didn't want it. He said he didn't need money and he didn't help me for money.
If I really have to give it, I can give 3% of the royalties, but not to him. 1% of it will go to his friend, who is responsible for helping me find a publisher in the United States.
He will ask his friends to try to help negotiate more royalties, but he can't ask them to help for free. He has to be paid some hard-earned money. This person will also be needed to communicate with the publishing house later. He can be considered my client abroad.
The remaining 2% can be donated to the embassy so that they can provide subsidies to local international students. This will not only leave a good impression on the embassy, but also allow them to help pay attention to the publication of books in the name of the country and prevent publishers from falsifying information. "
When Lin Yuzhu heard this, she began to admire Professor Li. It turned out that he came from a family of learned scholars and knew a lot.
And I really trust him. Before the book is published, he has already thought about the subsequent arrangements for making money.
"You really have considered every aspect, but he is helping you so much and not asking for any benefits. Should we just accept it?"
Zhao Yanshu shook his head. "We don't have anything else to offer in return right now. Let's wait and see what Professor Li likes. We can't ask him to help us for nothing."
"Okay. Oh, by the way, isn't it also being published in Hong Kong? Do we need to pay out more royalties?"
"No, Professor Li plans to have someone talk to a few large publishing houses. These publishing houses have branches in many countries around the world, including in Hong Kong."
Lin Yuzhu understood.
Since this matter is beneficial to Zhao Yanshu no matter how you look at it, they have no reason to refuse.
So the two agreed to leave the overseas publishing matters to Professor Li and his friend.
…
Continue read on readnovelmtl.com
