Can anyone tell me Do we get instant money after signing the contract or it has other requirements? Or money comes in only case if my readers pay ?
Contract information
BrownBug1485
I already answered you in another post, but I will just put this here again, in case it can help you or others.
You do not get instant pay.
What happens is that when you have signed the non-exclusive contract, your novels will have to be uploaded to the website that the companies use to sync with Webnovel and other platforms.
When you upload the novel on this website, then you have to decide whether or not the chapter should be free or paywalled. When you have decided on either free or paywalled, then you cannot change it in the future.
I personally have decided that all the novels I have released through the non-exclusive contract begins the paywall at chapter 51. Some of these novels have 2000 word chapters, others have 1000 word chapters, but even so, I have stuck to chapter 51 paywall.
The reason I personally prefer chapter 51 is due to the fact that your readers will have enough time to realize if they wish to continue reading the novel, or give up. Many more free chapters and you will lose money, but less, and people will not continue as they will not be too deeply immersed in the story. (this is purely my thoughts)
When it is uploaded, then you wait for it to be released on the platform, which can take up to a month or two, depending on the number of people who have signed contracts recently, and the platform's speed.
When the novel is uploaded, then people will be able to read.
You will be paid by the number of readers that unlock your chapters, and the cost for each chapter unlocked.
200 words = 1 coin, so 201-400 words = 2 coins and so on, the more coins used, the higher your income.
I am not sure what the revenue sharing of Webnovel and the non-exclusive contract owner is, so I cannot help you calculate exactly how much you will be paid for the coins in the non-exclusive contract.
And when do you get paid? Well if your novel were to be released in December, and it had premium (paywalled) chapters, then you would be paid in late January or early February for what you earned in December.
I hope this helped