13
submitted 1 year ago* (last edited 1 year ago) by dresden@discuss.online to c/books@lemmy.world

Some summary:

  • Author got $20,000/- from publisher. $10,000 on sign up, and $10,000/- after delivering the final manuscript. After 10% cut of agent, author was left with $18,000/- for two years of writing and editing.
  • They say it's good money (for independent press), their previous 3 books got them 4 digit advance (so, less than 10K).
  • They sold 650 books to end up number 85 on USA bestsellers list.
  • About 5000 books are also ordered by bookshops / sellers, so they are half out of 10,000 copies first print.
  • Bookshops can return the books if not sold.
  • Authors don't get any royalties until they have paid off the advance they get in the beginning. So in this case, until they have paid off the initial $20K, they won't get any money from the book.
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this post was submitted on 09 Oct 2023
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