I'm thinking of starting a novel or two on here but am wondering what type of royalties and/or other ways of receiving money for them is done and how the royalties are calculated and such so I can start with whichever story would work best. Also, I am wondering if there is a requirement for daily word content or words per chapter and all?
How do royalties work?
This is from an email that a representative sent
There are two types of contracts we offer:
Non-Exclusive Contract
This contract will allow you to earn a set percentage of your book's profits (<50%) while on Webnovel and still allow you to monetize your book elsewhere. Also, you will have to market and promote your work yourself and you will not have access to Webnovel editors. This one is aimed to a completed story or has min. 20.000 words.Royalty Contract
If your book is still ongoing and not yet contracted by a third party, I will, however, recommend you to sign the Royalty contract instead as it allows a higher percentage of profits (50%) from your book and also allows the Webnovel team to market your book for you, which in the non-exclusive case you will need to advertise your book yourself. The Royalty contract also grants you access to our Content Editor team who can help you with improving your book's marketability value.
I'm not sure if in the Royalty contract Webnovel has some parts of ownership of your book until the contract is signed? I'll have to e-mail about that arrangement.
ItsJustMia
Do the contract stories require posting on a set daily, weekly, monthly, etc timeframe or do they allow updates as available timeframe? Also, do they make print copies available for those that desire?