The influence of these two novels has far exceeded the scope of the provincial newspaper and has gradually spread throughout the country.
Moreover, according to Liu Shengxing, quite a few people have come looking for them in the past few days.
There are even many people from other provinces on their way, all in an effort to acquire the copyright held by Lin Yifeng and his team, and obtain exclusive publishing rights.
Liu Shengxing was completely inept at this kind of thing, so he could only place his hopes on Lin Yifeng, hoping that Lin Yifeng could help him solve the problem.
Lin Yifeng looked at the three people in front of him and frowned slightly.
"The price you offered is indeed very good."
The three of them were delighted.
However, Lin Yifeng's second half of the sentence plunged the three of them into despair.
"But we still can't accept this price."
The three of them were slightly taken aback.
One of the key figures questioned him with a look of shock.
"This price? Isn't that enough?"
"Boss Lin, we're all in this industry, you can't treat us like outsiders and rip us off."
"This price..."
Lin Yifeng watched the men's interaction and simply shook his head silently.
"No, it's mainly because the price was just too high."
"I don't think it's worth this price."
The three of them were stunned for a moment.
I've seen people ask for high prices, but I've never seen them try to bargain low.
But the three of them were soon intimidated by Lin Yifeng's experience in negotiation.
Lin Yifeng smiled at the three of them, but although his smile was gentle, it chilled them to the bone.
"I don't think you guys want to spend a million to buy out the copyright to our book."
"This price is already very low even by industry standards."
"If that's the case, I think we should go with a royalty system."
What do you all think of this?
Upon hearing this, the three of them stopped laughing completely.
One million—what they wanted to buy was the license; they wanted to use money to break down the door of this small newspaper.
However, Lin Yifeng accurately captured all of this. He first used price negotiation to lower the other party's guard, then exposed their thoughts and gave them a way out.
This left the three of them with no choice but to continue following Lin Yifeng's lead.
"That's impossible. Buying the copyright for a million? How could there be such a good deal?"
"Haha, Mr. Lin is joking."
"Royals are fine, royalties are fine."
Lin Yifeng smiled.
These three people may seem very sincere, but they harbor many deadly intentions. If you don't react in time, you could easily fall victim to their trap.
In the 1990s, the state-mandated royalty system for writers specified two different payment methods.
One method is a basic royalty plus printing cost, where you can pay a certain amount per thousand words, plus a share of the printing revenue. For example, if you print 10,000 books, you get 1% of the revenue.
If there are more than 10,000 copies, they can be divided into 0.7% or 0.8%.
Of course, this method of making money is too slow, and most authors prefer to go for a one-time buyout.
The second option is to allocate sales rights based on 5% to 10% of the total sales volume, which is more suitable for established authors.
Lin Yifeng and Wang Jinkang followed the first option, with Lin Yifeng receiving a fixed share of the profits each month.
As for the second option, it is more suitable for people like Lin Yifeng who hold copyrights, to collaborate with other newspapers.
The three men came and immediately started talking about a buyout, without giving Liu Shengxing any options for royalties. Most people would probably be faced with a choice and wouldn't consider any other possibilities.
A seasoned businessman like Lin Yifeng would definitely choose to bypass these options and take control of the situation.
With Lin Yifeng's help in overseeing the process, the two sides quickly reached an agreement on the cooperation.
The revenue is split based on sales volume. For every one million copies sold each month, Lin Yifeng will take 10% of the revenue. For sales exceeding one million copies, they will take 7% of the revenue from the newspaper.
It can be said that with the help of sales volume in Youzhou Province, Lin Yifeng and his team are guaranteed a minimum of 100,000 yuan in revenue sharing every month. In addition, with their own promotional capabilities, they can earn at least 300,000 yuan in revenue sharing every month.
The most important thing is that there is a certain amount of security deposit.
The 1 million guarantee states that the content will not be modified and will not be used for other projects. In case of breach of contract, the amount will be compensated 100 times and the company will be sued.
It can be said that Lin Yifeng, in order to protect the copyright, gave the other party a condition that they would not dare to breach the contract.
If the other party breaches the contract, you will be bankrupt.
This million yuan was also a guarantee from Lin Yifeng; Youzhou Province would only grant them exclusive copyright.
Despite the high price that Youzhou Provincial Newspaper had to pay for this contract, the three of them were practically grinning from ear to ear.
Their influence on this novel is undeniable.
As long as Lin Yifeng and his group are willing to grant authorization, their newspaper will have a monthly turnover of at least three million yuan within the province.
This novel could even run for a long time, generating nearly 40 million in revenue over a year.
Only a portion of it will be shared with Lin Yifeng. After calculating the remaining costs, they can still get a profit of nearly 25 million just from the turnover plus taxes.
It can be said that they are guaranteed to make a profit, and in fact, Shanyang Minsheng Daily is at a disadvantage in this regard. They could have negotiated a price of 10% for everything, and many places would have accepted that price.
But Lin Yifeng made concessions to them.
After this event, Lin Yifeng gave Liu Shengxing a copy of the initial draft of the contract.
He was instructed to follow the same procedure if anyone came to negotiate in the future.
This way, Lin Yifeng and his team can make a profit without harming the other party's interests. Most importantly, the subtle concessions in the contract save the other party a lot of money and also help them maintain a good relationship.
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