CompletelyNovel is committed to offering free advice on all aspects of self-publishing. Licensing and author rights may seem like a less exciting part of being an author, but they are not to be underestimated. Brittany Poulin from IPR License gives a quick overview of why taking care of your publishing rights is important – find out more below.
First, let me tell you a story
IPR License was founded in 2012 by Tom Chalmers as a solution to the problems he was facing as an independent publisher. Despite being switched on to the importance of rights revenue he still struggled to maximise their full potential on a global scale. And with more and more licensing opportunities emerging, the question he asked himself was – how could he create extra licensing to boost his bottom line?
He spotted a gap in the market. And that was for a dedicated online trading platform on which rights-holders could complete domestic and international licensing deals, all from their desktop. IPR License was born.
But how does this help you, the author?
With the continued rise of indie and self-published authors Tom noted that more writers wanted to take greater control of their content, specifically through their rights and licensing deals.
So, as well as enabling publishers to trade licensing deals, IPR License provides the platform to showcase your titles to publishers, not to mention literary agents on a global scale. Mary Wood is an IPR member who recently signed a seven book deal with Pan Macmillan.
How can I make money through rights and licensing?
Rights sales are an important aspect of a title’s profitability. Markets vary around the world- books that are largely ignored in the US may be hugely popular in China and new markets are emerging all the time. Translation rights and territory rights can be sold separately to the countries that want them.
Rights and licensing create huge opportunities to both increase your readership and to make money from potential advances and ongoing royalties in foreign territories.
What rights can writers sell?
There are a huge variety of rights that publishers trade in – for example:
IPR License offers a chance to find a publisher or agent – whether locally or internationally – and secure rights/licensing deals all over the world.
The benefits of IPR License
All CompletelyNovel members will receive a 25% discount on an IPR License Author Membership. To take advantage of this offer, drop us an email at firstname.lastname@example.org quoting discount code CNIPR14