In a book contract, the royalties section comes right after the advance section. They go hand in hand. The advance is the money you get in advance of the book being published. Royalties are monies you get after the book is published. The advance is paid “against your earnings,” meaning you don’t start getting royalty payments until — Read More
Tag: advance
Publishing Journey: The Advance (aka Keeping My Day Job)
Before I got a book deal, the word “advance” was so magical to me. And mysterious, too. What, exactly, is it? And, more importantly, when do I get rich? Ok, so what is it? Well, put simply, it’s a signing bonus. For first-time fiction writers, it’s paid when a publisher reads the full manuscript and wants to — Read More