11 Frequently Asked Questions About Book Royalties, Advances and Money

Writers In The Storm Blog

By Chuck Sambuchino

medium_2699296069If you’re going to wheel and deal with literary agents and editors, you’ll end up spending more time than you’d like discussing rights, contracts, advances, royalties and a whole lot of other important stuff. That said, I want to address the most common questions regarding how advances and royalties work. In other words, how does the payment process work when you sell a book?

Here are some FAQs:

1. How do writers make money?

You sign a contract with a publisher. In exchange for signing over the North American and English language print rights to your book and possibly other rights, as well, you are paid one of three ways:

  • flat fee: a set amount of money upfront that’s yours to keep. The amount does not change no matter how well the book sells. For example, if your flat fee is $10,000, the amount remains the same…

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~ by Shauna Osborn on September 21, 2013.

2 Responses to “11 Frequently Asked Questions About Book Royalties, Advances and Money”

  1. Thanks for the blog love. You’ve got some great resources here. I appreciate the time you’ve spent to share them.
    -Fae Rowen

  2. Thank you Fae. We creative academic minded folk have to stick together and help one another out.

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