On signing the publication agreement with IIP, Author/Editor agrees to list his/her book in online selling platforms like Amazon, Flipkart, Google Books, IIP Store and Kindle (if e-book) for sales. IIP provides royalty to the Author/Editor as follows:
1. 30% of MRP on each sale through the above-mentioned online platforms for print books
2. 70% of MRP for e-book and audio book sales through IIP Store
3. 25% of MRP as royalty for e-book sales through Kindle
4. 20% of MRP as royalty for audio book sales through Audible
The Author/Editor will be shared with sales reports through the IIP Dedicated Dashboard based on the dashboards of IIP Store, Kindle, Amazon and Flipkart sales.
The royalty of 30% for print books may vary for the sales through distributors in offline mode or direct purchase order in bulk from the distributor, Author/Editor or any organizations etc.
Table 1: Royalty on MRP for Offline orders
|
Number of copies per order |
Royalty on MRP |
|
Up to 200 |
Slab1 25% |
|
201 to 500 |
Slab2 20% |
|
501 and above |
Slab3 15% |
Table 2: Discount on MRP for Offline orders
|
Number of copies per order |
Discount on MRP |
|
Up to 200 |
Slab1 20% |
|
201 to 500 |
Slab2 25% |
|
501 and above |
Slab3 30% |
Case 1:
If the author directly gives us the sales/purchase order (where the author does not require royalty), then the
Purchase Cost=MRP(minus) Royalty%ofMRP(minus)Discount%ofMRP
For example, If the author orders 40 Books directly (provided acceptance on Royalty cancellation for this particular purchase order) and if the MRP of this book is Rs.1000/- Then,
Purchase Cost per Book = MRP (minus) Royalty%ofMRP (minus) Discount%ofMRP
Number of copies = 40 which comes under Slab 1 of Royalty deduction and Slab 1 of Discount.
Purchase Cost per Book=Rs.1000 - 25%(1000) - 20%(1000) = Rs.550/-
Note: No Royalty will be paid to the author as per Table 1.
Case 2:
If the distributor or third party gives us the sales/purchase order, then the
Purchase Cost=MRP(minus)Discount%ofMRP
For example, If the distributor or third party orders 40 Books directly, if the MRP of this book is Rs.1000/- Then,
Purchase Cost per Book = MRP (minus) Discount%ofMRP
Number of copies = 40 which comes under Slab 1 of Discount.
Purchase Cost per Book=Rs.1000 - 20%(1000) = Rs.800/-
Note: Royalty will be paid to the author as per Table 1.
Case 3:
If the author directly gives us the sales/purchase order on behalf of his/her contacts (the author requires royalty), then the
Purchase Cost=MRP(minus)Discount%ofMRP
For example, If the distributor or third party orders 40 Books directly, if the MRP of this book is Rs.1000/- Then,
Purchase Cost per Book = MRP (minus) Discount%ofMRP
Number of copies = 40 which comes under Slab 1 of Discount.
Purchase Cost per Book=Rs.1000 - 20%(1000) = Rs.800/-
Note: Royalty will be paid to the author as per Table 1.
For any queries regarding royalty and sales, Please mail to sales@iipbooks.com or Contact to +91-8861511583
