Yeah, I hate that, usually because I’m way off.
Yep, I’m expecting $100 or so and it turns out to be $50.
That’s a real bummer. So…what can you do about it?
You should already know what Amazon will pay you in advance, as we’ve discussed this before.
That post has been quite popular recently so I decided to go ahead and look at Createspace and how much you get paid.
I went ahead and contacted Createspace and asked them what exactly I needed to do to figure out my payment.
I made sure to tell them I wanted to know how I could figure these payments in advance, like 60 days in advance. You can do that with Amazon.
This is what I learned.
First of all, it’s important to remember how the Createspace royalty schedule works.
You’ll always be paid at the end of this month for the sales you got last month.
So for this month what you’re being paid at the end of September is for the sales you got in August.
Here’s what you need to do to find your royalty payment information on Createspace.
Click “View Reports” under “My Account” on the left-side of your Member Dashboard.
Under “Reports” there are multiple tabs. In this case select “Royalty By Product.”
Remember, you’re often going to have your Amazon Createspace sales and your expanded distribution sales, which are from other retailers.
To get an accurate idea of what you’ll be paid from Createspace, you’ll need to add those numbers together. That final number will then be your deposit.
When you want to go ahead and figure out what your payment next month will be you’ll just run the current month:
This is handy for gauging what your payment will be next month. It also helps with budgeting.
Rent, bills, food…all that stuff adds up, and not as quickly as your sales. When you can budget ahead you really know what money will be leftover for marketing, new covers, or perhaps a celebration bottle of wine for that new release.
I hope this post helps you plan ahead. Remember, I wrote a post that lets you figure your Amazon KDP payment in advance too.
When you know that and Createspace, wow, you’ll really be on top of your self-publishing game.
Good luck, and happy selling!