1. Production Cost and MRP terminologies
Production Cost is the minimum expenses required to produce one hard copy of a book (printing, binding, lamination, jacket (if opted)). Production Cost is purely depends on number of copies. Production Cost can be classified into two types namely:
1.a. MRP based Production Cost (50% of MRP) which is applicable for the orders with quantity up to 150 copies or less than 40000 pages (to be printed, for example a book has 300 pages and requires 100 copies then overall pages to be printed is 30000 which is less than 40000)
1.b. Quantity based Production Cost which is applicable for the orders with quantity above 150 copies or more than 40000 pages
2. Sales and Royalty on Sales
2.a. Online Sales in India
Author/Editor agree to list this book in the online selling platforms like Amazon (.in), Flipkart, Google Books, IIP Store and Kindle (if e-book) for sales. IIP (Publisher) agrees to pay the royalty to Author/Editor as below:
- B% of MRP on each sale through above mentioned online platforms for print books (Here B% referes to 30% in case of Launch & Standard package, 35% in case of Premium package and 40% in case of Elite & Signature package)
- 70% of MRP for e-book and audio book sales through IIP Store
- 25% of MRP for e-book sales through Kindle and
- 20% of MRP for Audio book sales
The Author/Editor will be shared with sales report through IIP Dedicated Dashboard based on the dashboards of IIP Store, Kindle, Amazon and Flipkart sales.
2.b. Online Sales in abroad
Selling of print books at other countries can be provided through amazon.com in following countries USA, Canada & Mexico with additional onetime charges of Rs.2000/-(+18%GST) as IIP has to bear monthly subscription fee for the listing. MRP of the book will be converted from INR (MRP mentioned in Book) to respective currency and further shipping charges from India will be included in the listing as Final MRP. However the royalty will be calculated for the core MRP which is mentioned in the book.
2.c. Offline sales through Distributors (any third party other than author)
The royalty of 30% may vary for the sales through offline mode (direct purchase order in bulk) from the distributor, or any organizations (other than author). Please refer the below tables 1 & 2 and also https://iipbooks.com/sale-royalty
Table 1: Number of sales & Royalty on MRP (Applicable only for offline sales)
Number of copies per order (offline) |
Royalty on MRP |
Up to 200 |
25% |
201 to 500 |
20% |
501 and above |
15% |
Table 2: Discount on MRP for Offline orders
Number of copies per order (offline) |
Discount on MRP |
Up to 200 |
20% |
201 to 500 |
25% |
501 and above |
30% |
2.d. Offline sales through author (Direct purchase order from Author/Editor abbreviated as ADO)
If the purchase order is directly from the author for his/her circulation needs (during pre or post publication stage), then the author/editor need to place purchase order at the charges of “Production cost“ applicable based on the conditions mentioned in point numbers 1.a and 1.b. these orders will not be considered for royalty and also for the sales count in the IIP author dashboard. Only the MRP based purchases fetches the royalty.
2.e. Royalty will be given/paid to Author/Editor (one who sign’s the agreement) and further sharing among the coauthor/coeditors is not the responsibility of IIP. Herby, with the sign of Author/Editor to this agreement assures that he/she has taken consent of coauthors/coeditors for receiving the payment of royalty to his/her bank account.
For any queries regarding royalty and sales, Please mail to sales@iipbooks.com or Contact to +91-8861511583