One significant revenue stream that is often overlooked, is foreign rights. Foreign publishers are desperately seeking licensing rights to good non-fiction books in their countries and look to American authors and publishers in search of those quality books.
What are Foreign Rights?
Foreign rights are a type of subsidiary rights – or subrights – attached to your book. Like other subrights (movies, book clubs, paperback reprints, electronic, audio, etc.), foreign rights can be sold and controlled separately from your book’s primary rights.
Foreign rights are also called translation rights, a practice which can create confusion because, depending on the selling territory they’re attached to, foreign rights may well be in English. (Note: Foreign rights to my book, “Ten Commitments of Networking” is selling in India and Malaysia in English.)
Foreign rights is a win/win situation for American authors and publishers to develop a major revenue stream with no money down.
(Photo of book cover on the left is the Russian version of my book, “The First Book of Life Skills,” (English version is no longer available in bookstores. Signed copies of the English version are available from Larry James). The only way I could tell that is was my book is my photo is on the back cover.) 😉
Read, “The Importance of Foreign Rights” by Bob Erdman.” Learn how to create a foreign rights revenue stream with no money down by contacting veteran publishing and foreign rights Guru Bob Erdmann. Bob gets 5 stars from Larry James.
Bob Erdmann, founder and president of Columbine Communications and Publications, a foreign rights publishing consultancy, started off his program with a definition: Foreign rights is licensing a foreign publisher to reprint a book in English or translate that book into another language, and for that you’re paid a royalty arrangement, very similar to an author/publisher arrangement.
Not every book is a candidate for foreign publication. However, lots of nonfiction titles are pretty much timeless books, especially if they are self-help, business, personal development, success or parenting books. By having your book translated into other languages, more people will benefit from your message, you will gain a new profit center and the sale counts as an “endorsement.” Publishers in other countries translate your book, design it, typeset it, have it printed and then plug it into their existing distribution system.
Bob has sucessfully sold the foreign rights to two of my books which put them in 10 other countries – India, Poland, Malaysia, Singapore, Brunei, Thailand, Indonesia, Russia, Philippines & Vietnam. Send your request to: firstname.lastname@example.org or call 209-586-1566. Visit Bob’s Website at: http://www.ColumbineCommunications.com/.
It is well worth the while of any publisher to take advantage of the extra income that can be provided by foreign rights deals. While the advance you get isn’t much, it gives you world wide exposure for your work. For a fee, Bob gives your book exposure through face-to-face contact at the Frankfurt International Book Fair (Germany) – the world’s largest book fair.
Read: “The Importance of Foreign Rights” by Bob Erdman.
“Build a Foreign Rights Revenue Stream – Part I” by Bob Erdman.
“Build a Foreign Rights Revenue Stream – Part II” by Bob Erdman.
“Do You Know Your Foreign Rights?” by Deanna Carlyle
“The Check’s in the Airmail: Foreign Publication Rights” by Aaron Hierholzer
NOTE: Although I do not accept money to refer good people, I would appreciate it if you would mention my name (Larry James) so Bob knows where the referral came from. Also, I do not recommend that you attempt to seek out foreign right opportunities yourself. It is time consuming and doing it yourself may not be worth it. Talk to Bob Erdman or someone who has the expertise of the world book market. It will save you lots of time and money.
Copyright © 2010 – Larry James. Larry James is a professional speaker and the author of three relationship books, “How to Really Love the One You’re With: Affirmative Guidelines for a Healthy Love Relationship,” “LoveNotes for Lovers: Words That Make Music for Two Hearts Dancing” and “Red Hot LoveNotes for Lovers.” His newest book is “Ten Commitments of Networking.” Larry James also offers “Author & Speaker” coaching. Contact: AuthorsandSpeakersNetwork.com, P.O. Box 12695, Scottsdale, AZ 85267-2695. CelebrateLove@cox.net – More than 110 articles especially for Authors & Speakers at: www.AuthorsandSpeakersNetwork.com
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