The other day I was pleasantly surprised to receive a mail from McGrawHill that a royalty amount was due to me
This brought back memories of the grind in writing the book going
through the editorial cycle and finally holding a copy in hand
My book was published much before the proliferation of self-publication and eBooks where one can simply push any good, bad or ugly piece of work online on the largest bookstore in the world with a click of a button. So here are my experiences.
Working with a publisher
- About 20 years ago, I was an active blogger and columnist for Express computers – which I did in addition to my day-job as an IT manager
- One of my popular pieces on the growth of offshoring IT services caught the attention of editors at McGraw Hill
- They reached out to me and asked if I could write a book on the topic I had explored in my blog. After all, working at Infosys, an upstart offshoring company, I was best positioned to share my insights
- McGraw Hill assigned, Deepa V, an editor who began reviewing my draft narrative for content flow, clarity and readability.
The publication
One important aspect of working with a publisher is understanding the contract. This document outlines your rights and responsibilities, the publisher’s rights, royalties, and timelines for publication. It’s wise to review it carefully, and even consult a literary agent or lawyer, to ensure you’re comfortable with the terms. Throughout the process, maintaining open communication with your publisher is essential. Publishing can be slow-moving, so staying proactive and responsive can help keep your project on track.
- After initial editorial reviews, Deepa worked with the typesetting team and graphics editor to update images and diagrams I had shared. A cover was selected and we were ready to move
- The initial print run was about 1,000 copies which is normal for non-fiction works
- The initial print run quickly sold out since the book was topical – offshoring was just taking off
- The next print run was about 5,00 copies
- Infosys, my employer and their marketing got interested in this project and assigned Vijay to work with me
- Vijay suggested I start an internal corporate blog making me one of the first corporate bloggers in India
Royalty
- McGraw Hill and I had a contract agreeing to a royalty of 15% of the sale price of a copy, which is quite common in the industry
- Unlike popular authors with bestsellers no advance was offered
- I began receiving annual royalty statements that was exciting for a few years when the book continued to sell well
- If you are wondering, for most authors the royalty doesn’t pay the bills.
- One time writers, especially in non-fiction genera rarely get rich from royalty
- But the reflected glory of being a published author and the egoBoo that comes with it is worth the effort!
·
Writing
- Thousands of books are added to marketplaces like Amazon every day. How do you stand out?
- Authors must hustle to ensure that the book stands out in the crowded marketplace
- As an old Chinese saying goes - you might make the best candle in the world but your neighbors will buy it only if they know about it.