Thank you for responding to the question. I know I'm way ahead of myself, but I'm curious about the publishing stuff down the road to dangle a carrot in front of me thats all.
Does someone know the breakdown for royalty %'s for the various avenues of publishing? I'm reading conflicting things.
It's conflicting because there's no universal rule for how royalties are done. % can be on retail price, gross or net. How net is calculated can also be an issue. If the book is sold from the publishers own website will have a different % than if it is sold from a third party. Even authors writing for the same publishers can get different royalty rates. Some authors get a bigger advance and smaller royalties, the reverse is also possible. Some authors get a lower royalty rate but also a multiple book contract. You can get different rates for hardcover, softcover, mass market, reprints and electronic.
But
generally speaking, if you self-publish you will get the highest % of selling price because there are less people to pay (
usually more than 50%).
Generally the next highest is for (not self) e-publishing (somewhere around 50%). The lowest rate of royalty will be if you go with one of the big commercial publishers (
usually less than 20%).
But just looking at the % of royalty is really an inaccurate way of trying to determine which path to take.
Self-publishing (whether print or e) will require you to do
A LOT more work. Cover art, editing, formatting, distribution, marketing, promotion, etc is all on you as the author. This can easily take months of your life away. And you will have to front the cost of all these things. If your book sinks (and there is a high chance of this, no matter how awesome you think your book is) you have to eat this cost.
If you go with a commercial publisher (beware of any publisher that calls itself a "traditional publisher") they will do the edits, the covers, the editing, formatting, marketing, they have connections to get your books to reviewers and on to book shelves that you as a self-published author will never see. And they also eat the cost of all this work. If your book sinks you still get to keep your advance.
AFAIK, memoirs are not very popular for publishers who are
only in e-publishing. Someone else more knowledgeable should comment here.
Bottom line, don't just focus on the royalties, look at the big picture. Selling a book is just like any other business. Be realistic, how much of producing a book can you do yourself? How much time can you dedicate to this book (aside from writing it)? If you outsource (get a cover designer or editor) can you afford to pay these people out of pocket? Do you have the resources to sell this book? Can you market it? You can write the best book in the world, but if you can't market or distribute it, it's still dead in the water.
Good luck.