That discrepancy exists because an advance is based on the number of books a publisher thinks they can sell. Some academic presses might only offer $1,000 for an advance. There is no average advance, but six-figure advances are fairly rare outside of the large houses, and 5 figure advances are far more common. You may have heard about million-dollar advances for hot-topic or in-demand books from major publishers. You only get them once you’ve earned out your advance.Īn advance is a negotiable up-front payment that a publisher pays an Author. You’re making money on every sale, and $1 for every book adds up.īut here’s the tricky part: Authors don’t earn royalties right away. It’s generally better for Authors to receive retail royalties since the list price is the highest price a book sells for.Īt this point, book royalties might sound great. Royalties on net sales are calculated after factoring in all those price differences and discounts. For example, a publisher might offer a large wholesale discount to Amazon and a lower discount to an independent bookstore that only buys a few copies. Occasionally publishers pay Authors “royalties on net sales.” Publishers sell to book outlets at different prices. These kinds of royalties are often called “list royalties” or “retail royalties.” That means if the book retails at $20, and the royalties rate is 5%, you will earn $1 per book sold. Most publishers pay royalties based on the retail price of the book.
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