tag:blogger.com,1999:blog-7956176634474051220.post8097084669819950225..comments2023-08-23T01:12:35.906-07:00Comments on Dollars and Deadlines: Advances, Royalties, and a Closer Look at My Latest Royalty StatementAnonymoushttp://www.blogger.com/profile/12518158232642872324noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-7956176634474051220.post-13368504331033479842011-04-26T06:21:08.215-07:002011-04-26T06:21:08.215-07:00Thank you, Jackie. I agree there's a lot of mi...Thank you, Jackie. I agree there's a lot of misinformation out there and that's why I believe in sharing info--it empowers all of us as writers.Anonymoushttps://www.blogger.com/profile/12518158232642872324noreply@blogger.comtag:blogger.com,1999:blog-7956176634474051220.post-67560910973879409362011-04-26T06:18:51.631-07:002011-04-26T06:18:51.631-07:00Very interesting for those of us breaking into the...Very interesting for those of us breaking into the biz...it's all a dark hole of confusion when you're starting out...that NO ONE wants to discuss or disclose...so thank you for some honesty about the figures...and elusive topic normally...keep it coming...we all need to write to live and live to write...it's entrenched in our souls, sadly...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7956176634474051220.post-55963595704313897622011-02-28T08:28:38.245-08:002011-02-28T08:28:38.245-08:00Hi, Diane!
Thanks for your post. Remember, that R...Hi, Diane!<br /><br />Thanks for your post. Remember, that RH is getting all of the money for the cost of the book, and it "breaks even" long before my advance earns out. Even if they're taking in, say, only $10-12/book (the cover price is $14.95), you can see that they'll recoup their investment (what they paid for the advance, plus costs of editing, design, production, distribution, etc) pretty quickly if the book is selling well. Make sense? <br /><br />And as for your question, see my above comment to Kim--in my opinion, it's better to get the big advance and wait it out...remember, your book may *never* earn out. (If it doesn't, nothing "bad" happens...you don't have to pay back your advance or anything like that. You as the author just don't make royalties.)<br /><br />Hope this is helpful! :)Anonymoushttps://www.blogger.com/profile/12518158232642872324noreply@blogger.comtag:blogger.com,1999:blog-7956176634474051220.post-17735833078115475522011-02-28T08:21:10.685-08:002011-02-28T08:21:10.685-08:00I went into accountant mode reading this and I'...I went into accountant mode reading this and I'm curious, it seems Random House isn't really making money yet, either, they had already advanced that amount before they brought it in, so they're still recovering the initial investment, right? <br /><br />Sorry, the line "...it's Random House that's making money right now, not me," just...I don't know.<br /><br />This is a great post. It's nice to get an idea of how long it will take to earn royalties after an advance. <br /><br />Now, I'm in full question mode, sorry, but would it be better to ask for a small advance and receive royalties sooner, or is it best to go with a larger advance and wait it out? Also, has a book never earned back it's advance and what happens then? You've completely fired up my brain, I need to go write now, thanks!Diane J.https://www.blogger.com/profile/06638568994448668008noreply@blogger.comtag:blogger.com,1999:blog-7956176634474051220.post-14353074628436233342011-02-28T06:40:09.923-08:002011-02-28T06:40:09.923-08:00Thanks, Kim! That was the idea--when people see a ...Thanks, Kim! That was the idea--when people see a specific example, they tend to "get" it more easily. :) I think the take-away message is that you should assume that you probably won't make royalties (other than your advance), so you have to decide whether you're willing to do a book for its advance. Thanks again for your comment. :)Anonymoushttps://www.blogger.com/profile/12518158232642872324noreply@blogger.comtag:blogger.com,1999:blog-7956176634474051220.post-50594110976668892502011-02-28T04:04:55.356-08:002011-02-28T04:04:55.356-08:00Thanks Kelly for giving us the inside scoop on roy...Thanks Kelly for giving us the inside scoop on royalties. I always learn so much from your blog and this post is no exception. I understand the advance vs. royalties process much better now. Thank you!Kim Murrayhttps://www.blogger.com/profile/15654062469413950559noreply@blogger.comtag:blogger.com,1999:blog-7956176634474051220.post-70507328057682297282011-02-27T19:48:40.454-08:002011-02-27T19:48:40.454-08:00Thanks, Eliana! And I'm actually hoping for th...Thanks, Eliana! And I'm actually hoping for three years if e-book sales continue to grow. :)Anonymoushttps://www.blogger.com/profile/12518158232642872324noreply@blogger.comtag:blogger.com,1999:blog-7956176634474051220.post-79533491709134731232011-02-27T19:37:52.178-08:002011-02-27T19:37:52.178-08:00Thank you so much for opening up--I know how it wo...Thank you so much for opening up--I know how it works in general but the specifics are great. I'm hoping four years for you instead of five. :)eliana23https://www.blogger.com/profile/02127376335232348020noreply@blogger.comtag:blogger.com,1999:blog-7956176634474051220.post-63029612347036529942011-02-27T12:59:50.827-08:002011-02-27T12:59:50.827-08:00Thanks, Allison, for your comment, and especially ...Thanks, Allison, for your comment, and especially for buying Six-Figure Freelancing! I think the trend of increasing e-book sales will continue and am looking forward to seeing how that plays out. :)Anonymoushttps://www.blogger.com/profile/12518158232642872324noreply@blogger.comtag:blogger.com,1999:blog-7956176634474051220.post-17713617873920075002011-02-27T12:43:54.958-08:002011-02-27T12:43:54.958-08:00I'm not planning on writing books any time soo...I'm not planning on writing books any time soon, but I just wanted to let you know that I was one bought one of the 82 e-books. Besides that, the information is good to know.Allison Midori Reillyhttp://www.allisonmidorireilly.comnoreply@blogger.com