How are co authors paid?
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Co-authors are not paid upfront. All parties are active authors of the book and get full credit and usually, two or more co-authors split any publisher advance money, royalty money, and/or merchandise money. Co-author partnerships also have a contract stating who gets what and how things are split.
Can you split royalties on KDP?
This means that even authors enrolled in KDP Select/Kindle Unlimited can use the service. You can also split royalties between non-author contributors, like illustrators and editors. Independent publishers that need to streamline co-author royalties across large-scale collaborations.
How do you split profits in a partnership business?
There’s no right or wrong way to split partnership profits, only what works for your business. You can decide to pay each partner a base salary and then split any remaining profits equally, or assign a percentage based on the time and resources each person contributes to the company.
Should you share your profits with your business partners?
While sharing your profits with business partners may work well for a while, the profit-sharing agreement business partners originally put in place may not feel appropriate over time as the business evolves and changes.
Writing a book can be a chore. Many thousands of words are required, and only so many of them can be “the” or “very.” It should come as no surprise that, faced with such a task, an author might decide to share the writing load with another.
There are advantages and disadvantages to sharing a book with a co-writer, and we’d like to share some advice that we found useful in hindsight following the completion of our first book together. Kyle Kurpinski and Terry D. Johnson co-wrote How to Defeat Your Own Clone, and Other Tips for Surviving the Biotech Revolution.