Keep 100% of Your Royalties with Spines

Earning royalties means getting paid a percentage of the sales your book makes. Here’s a basic overview of how the process typically works:

1. Know Your Royalty Rate
   Your royalty rate is the percentage of each sale that goes to you. This rate depends on your publishing agreement and can vary by format and sales channel. Knowing your royalty percentage helps you estimate your earnings.
2. Track Your Sales
   Most platforms or publishers provide authors with a dashboard or account where you can view your book sales and earnings. This data is usually updated monthly and shows how many copies you’ve sold across different formats like print, ebook, or audiobook.
3. Verify Your Payment Details
   Before receiving payments, you’ll usually need to complete a verification process. This typically includes confirming your address, choosing a payment method (like direct deposit or PayPal), and submitting tax information.
4. Choose How You Get Paid
   Select your preferred payment method and set up how often you want to receive payouts. Common options include direct deposit, PayPal, wire transfer, or checks. Some methods may involve fees, so choose the one that works best for you.
5. Withdraw Your Earnings
   Once you’ve met the minimum payout threshold (often around $25), you can request payment. Payments are usually processed monthly but may vary depending on the publisher or platform.
6. Keep Records for Taxes
   You’ll receive tax documents related to your royalties, which are necessary for your tax returns. It’s a good idea to keep detailed records and consult a tax professional to manage your earnings properly.
7. Monitor Your Earnings Over Time
   Regularly checking your sales and royalty reports helps you understand how your book is performing. This insight can guide your marketing efforts and future publishing decisions.