The Set Your Own Price (SYOP) programme gives you the power as the author to control the retail price of your book and the amount of royalties you earn for every copy sold. It enables you to reduce or increase the retail price of your book, while determining the exact dollar amount of royalties you will receive on copies sold.
There are three key elements to how your SYOP pricing works: your book's final page count, the type of book—whether black & white or full-colour—and finally whether it is a softcover or hardcover version of your book. If you have not determined your final page count, we will estimate it based on the number of pages within your manuscript. Before a book is published, someone will contact you to confirm the actual number of pages, retail price and royalty amount.
With the Set Your Own Price service, you can customise the price for the hardcover and softcover versions of your book separately, and have the option to change the retail price of your book once every quarter.
The Work will be enroled in the Programme on the earlier of the following:
(a) if the Work is already available for sale on the Effective Date of this Agreement, on the first day of the next calendar quarter after receipt by Company of both the signed Agreement and payment of the applicable fee for the Programme selected by Author below ("Fee");
(b) if the Work is not available for sale on the Effective Date of this Agreement, on the first day of the next calendar quarter after the Work becomes available, provided that Company has received payment of the Fee from the Author prior to that time.