Split Co-Author Royalties Effortlessly with Team Royalties & Abacus Solutions
Co-authoring a book can present several challenges, including administering book royalties equitably and transparently. Author teams can streamline these processes with the help of specialized platforms, such as our website's Team Royalties feature.
Team Royalties is designed to simplify the splitting of royalty payments among co-authors, reduce administrative hassle, and save time and resources for both authors and traditional publishing houses. This feature offers several advantages:
- Secure opt-in process: Authors retain control over who becomes a co-author, ensuring sharing is only enabled with mutual agreement.
- Automated royalty splitting: Based on the fixed percentage set by the primary author, royalties are automatically distributed at the end of each pay period to confirmed co-authors.
- Account access: Co-authors can access shared books and their associated metadata, sales data, and store links. However, they do not have editing privileges.
- No limit on the number of co-authors: Multiple co-authors can be accommodated, as well as non-author contributors such as illustrators or editors.
- Expanded marketing opportunities: With collaborator split options, co-authors can contribute to marketing efforts by creating Amazon advertising campaigns and utilizing built-in marketing features.
Splitting Royalties on our website: A Step-by-Step Guide
- Upload your manuscript: Once you've uploaded your book to our platform, you can proceed with setting up the Team Royalties feature.
- Configure book details: Provide necessary files, including metadata, categories, price, rights, and distribution stores.
- Set up the Team Royalties feature: Navigate to the Royalty Splitting section on your dashboard and create a team to initiate the splitting of royalty payments for your book.
For those using our platform for the first time, a "seat" refers to a spot for a co-author that can be invited to unlimited teams. Once you exhaust your allotted seats, you can invite new co-authors without adding extra seats by ending partnerships with former team members. All co-authors must be platform users to participate.
Key Points to Remember:
- Co-authors invited all at once; additional co-authors can only be added after ending existing partnerships.
- Co-authors can have different end dates for the same shared book, covering the entire time frame without overlaps.
- Canceling the Royalty Splitting service can be done by removing seats and requires the co-authoring partnerships to have expired or been terminated.
Another option for co-authors is Abacus, which combines automatic payment-splitting with other management features, catering to self-published authors, independent publishers, and teams of any size requiring a smooth royalty split agreement process. This service is available as a standalone option and does not necessitate distribution through our platform.
Abacus offers various additional features like automatic calculation of co-author royalties, detailed reports for team members, and a built-in message board for communication. This feature has proven highly beneficial for authors, enabling them to save considerable time and effort without compromising transparency or convenience.
Together, Team Royalties and Abacus provide authors with flexible and efficient solutions for managing co-authored book royalties, allowing them to focus on their creative work and take control of their financials.
- Through our website's Team Royalties feature, co-authors can collaborate securely on finance matters, such as splitting royalty payments, reducing administrative hassle, and maximizing marketing opportunities.
- For self-published authors seeking advanced royalty management tools, the Abacus platform offers additional features like automatic royalty calculations and built-in communication options, catering to various team sizes and aligning with the goal of a smooth business process.
