The advent of the internet and rise of alternative modes of enjoying books has changed the game for authors forever.
Legacy publishers built their businesses around controlling distribution to book retailers. While that infrastructure is still important, platforms like Amazon have created a new ecosystem in which authors have more potential for control and opportunities to reach new audiences.
This is a story the modern author is familiar with. But what about the not-so-modern author? Or the son/daughter of the deceased not-so-modern author? As covered in Life Plus 70 and Maximizing Your Backlist, publishing contracts include many opportunities for creators to exploit their IP over a book’s life course, and many older authors or heirs may not be aware of the untapped value they’re sitting on. Or maybe they are aware and simply don’t have the time or will to do what’s necessary to extract it.
That’s where Royalty Reminder Concierge comes in. If you’re an experienced author or heir with a backlist of titles and you’re interested in seeing how they’d perform in the modern publishing landscape (i.e. on eBook platforms), we’re here to help. All you have to do is send us your contracts (either in scans or in a literal cardboard box). We’ll analyze them. We’ll load them into our software system. We’ll create digital files, proofread them, and contract cover artists. We’ll publish them on Amazon and other ebook sellers as called for. And we’ll do it with no upfront costs. In return we ask authors for a 30% revenue share of the future profits after deducting the cost of covers and production (no overhead is charged).
We understand that this service is not for everyone. If you want to handle regaining rights and republishing digital copies yourself, we urge you to do so. But we’re here to lend you our expertise and services if that level of effort and headache just doesn’t fit into your life.
Many have speculated on the revenue potential of currently out-of-circulation books. We have experience doing so and wanted to share it.
Royalty Reminder Founder Ethan Ellenberg has published 192 titles under the province of his literary agency through KDP agent-supported publishing. The average title earned over $3,400 in global revenue within the first year alone. For an author using Royalty Reminder Concierge, that nets out to over $2,400 per title in a single year. All the work related to re-publication was performed by the agency under its normal commission structure leaving Authors free of all obligations. This is the same model we are proposing here.
Below is a graph representing the agency’s success re-publishing backlist titles.
We love the idea of a new reader connecting with an old book, or someone in Madrid becoming obsessed with an author they otherwise wouldn’t have known existed. It’s an exciting time to be an author, and in many ways, there is more monetary opportunity than ever. It’s time authors of every age and experience level start taking advantage of that fact. We’re here to help in whatever way we can, whether that’s providing the engine for your contract management, or actually helping you through the process of re-publishing old work.