Company Policies
Contents
We Prioritize your Personal Data
If there is an instance where the author’s information needs to be shared, we will only do that after we receive the author’s consent.
Supporting Author’s Decision
We understand that there might be circumstances or any personal reasons that the author might want to discontinue the use of our services. Although we strive to deliver excellence, in such situations we provide a No-objection Certificate to the author who wishes to withdraw from the opportunity.
You can share your request/reasons to obtain a No-objection certificate by writing to us at readersmeet@gmail.com
Royalty Calculations and Distributions
At Readers Meet, we pay 70% of the net royalty to the author.
The amount of money that an author gets varies with the way the buyer chooses to buy his product. There are three main ways in which we sell books.
- From Readers Meet Website.
- From Ecommerce Websites (Amazon, Flipkart, etc.).
- From Book Stores
Here we are explaining how the net profit varies with these distribution channels.
Net Royalty = 70% of (250 – (70+8)) = 120 INR
Ecommerce website like Amazon charges around 40% of MRP as their service charges.
Net Royalty = 70% of (Selling Price – (Production Cost + Service Charges)*GST as applicable)
If the MRP of your book is 250 INR, the service charges for Amazon will be around 100 INR.
3.From Book Stores:
We have to give around 40% margin to book stores.
So the royalty you will be getting will be calculated as:
Net Royalty = 70% of (Selling Price to Book Stores – (Production Cost) *GST as applicable
If we decide 250 INR as the MRP of the book, we will have to sell it at around 150
INR to the Book Stores.
So the net royalty you will be getting will be:
Net Royalty = 70% of (150 – 70) = 56 INR
We know that most of the competitors give 100% royalties to their authors, but all they do is publish your book and leave you alone to sell your book. We keep 30% of royalty with us because we want to sell your book alongside you and trust us the real work starts when your book hits the shelves and you will need a partner who will be always with you to get through the difficult phase.
Lenient Revision Policy
Under this policy, you are allowed to make revisions (which will be limited according to the package).
Name of Package | Silver | Gold | Platinum |
No. of Free Revisions | 3 | 5 | 10 |
*One revision includes as many changes and suggestions sent at once.
- Typesetting: Rs. 600/- + GST (every time for a list of changes or suggestions)
- Book Cover: Rs, 600/- + GST (every time for a list of changes or suggestions)
- E-book: Rs, 600/- + GST (every time for a list of changes or suggestions)
- Re-drawing of the whole book- Typesetting: Rs. 1200/- + GST
- Re-drawing of the whole book- Book Cover: Rs. 1200/- + GST
- Re-drawing of the whole book- E-book: Rs. 1200/- + GST
However, if the author desires any further changes, the same can be requested at a fee of 1200 INR + GST.
Publication Process at Readers Meet
- If the package includes Editing and Proofreading, your manuscript is sent to the editor. The time required in this process can differ depending on the length of the manuscript, errors, and mistakes, etc. after rectifying these edits the file is sent for typesetting.
- If the package does not include Editing and Proofreading, the team will quickly glance through any visible errors and directly share the file for typesetting.
Hereafter, the royalty is generated and paid to the author on monthly basis.
Readers Meet Authority and Accountabilities
- Undertaking projects and their termination will solely be our decision
- Issuing the NOC or not will be our decision
- Concession in fees, charges, etc. as decided in the contract and cannot be claimed as a matter of right
- The books only reach you after a quality check from our team, if some issue arises we are accountable for the same (you will receive another copy in such case but if the issue is recurring our team will intervene in the process)
- Pricing and packaging cost are subjective to change
- Readers Meet has the authority to amend any or all policies
- Readers Meet oversees the legal matters concerning the company and handles complaints regarding the books, work, and team member