Episode 142 - How Much Does a Bestselling Author Earn?

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Stephen's success with the Freakonomics series of books made a great deal of money for his publisher, but how much of that ends up back in his bank account? On today's show, James and Stephen discuss how royalty splits work in the publishing business from the top down and compare those numbers to successful self-publishing efforts. Do the benefits of signing a book deal with a major publisher outweigh the larger percentage of revenue an author could make self-publishing e-books on the internet?