Audiobook Production and Marketing by Cheri Schmidt –royalty shares
Note: I hope you don’t mind me joking about the fact that I look like a vampire. It’s actually something I hear ALL OF THE TIME. I take it as a compliment, because vamps are considered good-looking, right? The other reason people might say this is because I do look quite a bit younger than I actually am…um, did you think I was going to tell you my age? Nope, you’ll just have to guess. And actresses like Nicole Kidman made pasty white acceptable in Moulin Rouge. At least I thought so…or maybe I just hoped so. And, okay, I guess Nicole does look like a vampire in this picture. What can I expect really, when I have such fair skin I only freckle or burn in the sun and brown hair so dark it’s almost black? And my guess is that people usually say vampire instead of Snow White because of the widow’s peak I have? It’s all right, I give you permission to laugh at me and my paleness… (This picture was found on Pinterest. I’m not sure where it’s from, but I think it was promo for the movie. Although this pic of Nicole does inspire me to wear red in the next author portraits I plan to have taken…)
(Note: We’re in the process of re-recording these interviews for the next writer’s conference…so please stay tuned!!)
Anyway, on to the questions! Two of them this time…
Question: Do you prefer to be paid an hourly rate or in royalties or in both?
Answer: (There was a lot to talk about with this one. I cut it down so this clip wasn’t too long which is why it starts partway through.)
Basically, Jason said of course he’d prefer both, but it isn’t always easy to work it out that way with ACX’s business model. Which is fine. I do not regret going through ACX for audiobook production. I’d actually recommend it to any author wanting to reach a new market with their stories. Which is why I’m doing this blog series on audiobook production via ACX.
Also, as I recommended in my post about choosing a narrator, it might be best to select both Royalty Share & An Unspecified Hourly Rate when listing your book so that you can attract quality producers. Don’t go into this expecting to get a well-produced audiobook without spending some money to compensate the artist for their time. Because this is a new market, we don’t know enough about selling this product to guarantee royalties will be enough to cover the time and cost of production.
I can personally attest to the fact that Jason does care about quality a great deal. It’s obvious to me that he puts a lot of hard work into what he does. And I love how he acts out each character. As he said, it is why I chose him out of the auditions I got. I will also say that Jim Dale sort of ruined me in terms of listening to audiobooks. Because of how he performed the Harry Potter series, I don’t enjoy audiobooks unless they are done that way. Being able to distinguish between the different characters really pulls me into the story. My stories have been compared to Harry Potter because of the magic and wonder in them, but there is also a great deal of romance that the Harry Potter books didn’t have. Because of that, I wanted someone who wouldn’t baulk at the high level of romance in my stories, so for me, Jason fit the bill for both. Anyway, I hope everyone else gets as lucky as I did with Jason.
Question: Is doing a royalty share for a book ever worth it?
Answer: I like that we get the producer’s perspective on this from Jason. For me as an author, I’m willing to take the risk of doing the work and waiting for the royalties. I foot the cost of editing and cover art, and the time to write, etc., expecting to make it back with royalties. Of course it will take a while, but not too long. I guess I was sort of torn, I didn’t feel it was fair to expect the producer to take that same risk on my book, but I also wanted them to have the benefit of making money on work already done. Maybe this is because I’ve done commissioned, work for hire before, and sometimes that feels like you’re doing a lot of work that you’re paid for, but then to make more money, you have to do that work all over again. With a book I can do the work once and then sit back and collect royalties. And I can see that the work a producer does is creating a new product, just like I did when I wrote the book, so I want the producer to be able to enjoy that same benefit if they want to. The eBook of Fateful has been really good to me since I first published back in 2011. That one story has made me quite a bit of money. I’ll even tell my girls to say, “Thank you, Fateful,” when I buy them something special using my royalties. I know it’s probably silly of me to think this way. Many would say, it’s my book, so why don’t I want all of the royalties? I guess I also know that I would not have the enjoyable audiobooks that I do if not for Jason’s talent and hard work. Does that make sense? Please tell me what you think in the comments. I’m curious to know.
Ironically, however, right after we did this interview and Jason said that royalty shares had not paid off for him financially yet, we did experience an unexplained pop in sales. Like a huge pop in sales. Like from one month to the next, it was an 8000% increase… of course I don’t expect royalties to always be that high. In my experience, it just doesn’t work like that. It’s really just a rollercoaster of royalties for eBooks or audiobooks, which is better than a flat line in sales. So while Fateful was a royalty share with a stipend paid by Audible, it’s one royalty share that has started to pay off in royalties too. I hope it continues to do so. I’m doing everything I can think of to help it along. Note: If your sales have flat lined, then check back for when I get into marketing strategies…
Sorry about the delay in this post. Some family stuff came up.
In my next post, I’ll cover how to list your book so you’re more likely to get a stipend from Audible.