Second book earns out! #HappyAuthor

This week I had the delight of receiving the first copies of the second edition of THE BUILDING BLOCKS OF TRAINING, my first published book on horse training.

Having sold out its first print run last November, it took me a while to ascertain that my new publisher (who bought out the publisher who’d bought out my original publisher), was willing to consider a new print run.

In fact, they were keen, but because of finances, they decided the new edition would be a paperback, rather than a hardback. And it now costs more than the original, retailing at £25 instead of £22.50

To be fair, it is worth it, and I’m not saying that just because I’m the author! It comprises 90,000 words, 50 colour photographs and hundreds of line drawings, and the information it imparts represents decades of learning from multiple thousands of pounds worth of education.

The book is available from the publisher (Crowood Press), from book shops, from Amazon, from me in person (signed) and shortly will be available from my NEW equestrian website (also signed).

But then came a bonus I wasn’t expecting; at least, not yet.

My second book, THE SUCCESSFUL DRESSAGE COMPETITOR, has been selling steadily, but I reckoned was about a year off earning out.

If you don’t know what that means, here’s the potted version: a traditional publisher pays the author an advance on future sales, paid in part when the contract is signed, then another part when the completed and approved manuscript is delivered to them, and then the final part on publication. The publisher then ‘pays’ the author 10% of each sale – just over £2 a book in my case. The catch is, the author has to repay the advance before they actually see any further money.

My advance in each case was £2000, so at £2 a time, that takes a while to repay! Sales of this type of book are never stellar, but if the book is good, it will sell steadily for years, as mine do.

So imagine my surprise when my most recent royalty statement (they come in twice a year) told me I’d been paid actual money into my back account! Yes, TSDC has joined BBT as an earned out book having repaid the advance, and every sale from now on will actually earn me real, hard cash!

Lol, I’m never going to get rich off these books, but I’m very proud of them both, and ridiculously proud they have both earned out, which only a small proportion of traditionally published books ever do – most are just written off against the occasional block buster.

What’s made you proud about your books this week?

Bragging comes hard to many authors, especially women, but we really should celebrate our achievements – confidence breeds confidence – so come on folks – share your pride in your work.

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14 comments

  1. Congratulations Deborah!

    I had a kind review for ‘A Study in Temperance’ last week. That was nice.

    Happy Trails!

    1. Those are always lovely to discover – congrats 😀

  2. OH, that’s lovely news, Debby! So happy for you. And the book looks gorgeous, too.

    I got several very good reviews on 3 or 4 of my books this week, and they were very appreciated. Nothing like a review (or a face to face group of fans) to inspire you to get right back to it! Unless it’s having a book “earn out,” as you just did. Being self-published, that’s not in the equation for me, but I can imagine how wonderful it feels! 😀

    Congratulations! ❤

    1. Cheers, Marcia 😀
      Getting those great reviews is always one of the highlights of an indie author’s day – as my fiction is all indie, I know that feeling only too well. Congrats on the reviews, and feeling inspired!

      1. Thanks, Debby! I’m still tickled for you, though. That’s a really big accomplishment! I’m lifting my cuppa Earl Grey in your honor. 🙂 ❤

      2. Thank you my friend ❤

  3. Congrats on this big milestone, Deborah! I hear often this never happens. What a great step. Your book intrigues. I wish I knew more about that topic. Sigh. Maybe I need a horseriding character in a book.

    1. Cheers, Jacqui, and I’m sure you do need a horse riding character, but make sure you get the details right! People know, you know 😉

  4. Right on Deb! Celebrate yourself and your pride. #WomanPower my friend! So proud of you on your earn out!!! Now, does that mean you’re done with the contract? Can you get your book back and keep all your profits? What about ebook version? I read long ago from David Gaughran and a few of the other pioneers in the biz to never give up our ebook rights if a publisher takes us on for paperback. Thoughts? 🙂

    1. Cheers, I intend to! I’m long past keeping quiet about my successes 😉
      Earning out isn’t the end of the contract, but I didn’t sell ebook rights. The big issue is that this is a heavily illustrated book, with over 50 colour photos, and that’s a fair bit more difficult to turn into an ebook, as far as I can tell. It will also mean delving back into piles of CDs to find the original photos – we used about 1 in every 50 taken, so quite a task! And I don’t even what to contemplate the task of formatting…
      Not to say I might not do it one day, but it isn’t high on my list of priorities now both books are available in print, that being more the market for these sort of reference books.

      1. Wow, I totally get it. I wouldn’t even want to go there, lol. 🙂

  5. OMG…that is incredible! Congratulations, twice. 🙂

    1. Thank you! Twice over 😉

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