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JAXAshby
 
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Default "Undesirable alien" buying a US flagged boat

You obviously didn't read how much compensation I got lol!


you mean how much you say you got.

So, let's take a guess, shall we?

--how many books were printed?

on that kind of book, MAYbe 5,000.

-- how many books were sold to bookstores?

MAYBE 2,500

-- how many were sent back by the book stores as unsaleable?

probably about half

-- how many net sales?

about 1250

what was the royality %?

10% is usual for anyone but an extreme celebrity.

-- what was cover price of book?

I didn't check, but let's say thirteen dollars.

-- net sales income?

about $16,000

-- to the author?

no, $1,600 is total royalties at 10%

-- the author got $1,600?

no he had to pay his agent $160.

-- that's not a lot of money.

certainly not enough to buy a Garcia with.

-- I thought authors got rich

some do, most wait tables of teach high school

-- how about the big time writers of nautical guides and such. They got rich,
right?

most make less than a few hundred dollars a year on their books.

-- can I buy a Garcia on a few hundred dollars?

ah, no.

-- maybe the guy sold 500,000 books?

ah, no.

-- maybe he sold more than 1250?

maybe

-- maybe he sold more than 12,500

maybe, but that would be unusual for that type of book.

-- maybe he sold more than 125,000 books?

yeah. maybe

-- could he buy a Garcia for $150,000?

not usually. besides, he wouldn't have that in aftertax income.

-- you mean he is lying to us?

well, he does make about 9% of the selling price of each bood sold. he got
Felton to say *he* wanted a book. So, if Felton comes through, the guy made
maybe a buck, less taxes for his efforts today. If he in fact has earned out
his advance at this point. Most books of this type never earn out their
advance.

-- perhaps you know people in the business?

perhaps.