Million Dollar Advances vs High Royalties
18 Jan 2025
A breakdown of book publishing money: what you actually make from a million-dollar advance versus earning royalties on sales. The math shows which deal wins depending on how many copies you sell.
A breakdown of book publishing money: what you actually make from a million-dollar advance versus earning royalties on sales. The math shows which deal wins depending on how many copies you sell.
And you go, okay, what's the difference between. We'll just use round numbers. What's the difference between a million dollar advance and a 10% royalty versus $0 advance? But 100% royalty. Right. And if you start like, okay, so how many copies you sold? 200,000. Yeah. Okay, let's just be super generous and go. 100,000 of those are from in bookstores. Which the publisher did for you. Right. So we'll say you're responsible for driving 100k copies, and you sell your next book for 10 bucks as an ebook, 20 bucks in print. And again, just. We'll use round numbers. $10 is the net. And you sell a lot of them through your own website and. Yeah. Some through Amazon, where, like the split is 60, 40, whatever. You've already made your million.
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