Publishing Partners' Income and Expenses
A Publishing Partner's income from ELP-related activities is composed of
two revenue
streams. These income streams are:
1. Publishing-related Revenue: generated from the
sale of local ELP books and advertising contained in those books;.
2. Referral Income: generated by the sales activities of Level 1 and
Level 2 Recruits (to view the current Sharing Arrangement, click
here).
In the production of books, most Franchisees will have two
general categories of expenses:
1. Printing expense: for the direct cost of printing
books. For current costs of ELP books,
2. Payments to ELP: for the cost of national content, for typesetting
and setup of local content, and for payments made to Referring Partners.
For current prices that ELP charges its Publishing Partners
for various products and services, click here.
In terms of the sale of books, ELP highly recommends that its
Publishing Partners sell books only for cash and only as needed to fill current
orders. Record-keeping for the sale of books to local customers is the
responsibility of the Publishing Partner.
In addition to direct expenses paid to printers and to ELP, Franchisees may also have certain
other business
expenses that should be accounted for and, where appropriate, used as deductions
when calculating the Franchisee's income taxes. These expenses might include, but are not limited
to, photography costs, rent, travel and entertainment, computer-related expense, and
business-related automotive expense. The accounting for these expenses and the
filing appropriate tax returns is the responsibility of the Franchisee.
