Hi Everyone,
I'm in the process of putting together a ghostwriting proposal for an approximate 65k word book that the author is planning on self publishing once it's complete.
I am approaching it using my standard formula of a per word rate, with 10% upfront payment, the next 40% due when half the project is delivered, and the remaining 50% due upon acceptance of the completed work.
My question involves my proposal for the percentage of the royalties.
The client has requested that my royalty percentage be based upon a graduated scale based on the number of books being sold. For example, if the book sold under 1,000 copies I would receive 1% of the royalties. If it sold between 1k and 5k books I would get 2.5% of the royalties, etc.
I'm not too concerned about figuring out the actual percentages - I can figure out that on my own.
My question is that is this an acceptable or common practice? The previous ghostwriting projects that I have had have either been a flat fee for the writing or flat fee + a flat percentage of the royalties.
thanks!
Laura
I'm in the process of putting together a ghostwriting proposal for an approximate 65k word book that the author is planning on self publishing once it's complete.
I am approaching it using my standard formula of a per word rate, with 10% upfront payment, the next 40% due when half the project is delivered, and the remaining 50% due upon acceptance of the completed work.
My question involves my proposal for the percentage of the royalties.
The client has requested that my royalty percentage be based upon a graduated scale based on the number of books being sold. For example, if the book sold under 1,000 copies I would receive 1% of the royalties. If it sold between 1k and 5k books I would get 2.5% of the royalties, etc.
I'm not too concerned about figuring out the actual percentages - I can figure out that on my own.
My question is that is this an acceptable or common practice? The previous ghostwriting projects that I have had have either been a flat fee for the writing or flat fee + a flat percentage of the royalties.
thanks!
Laura
Just wanted to be sure I wasn't being taken for a ride.