They offered us money up front (confidentiality prohibits me from saying the amount)[RICK ADDS: But it certainly was NOT 5 or 6 figures],
as an advance against the royalties the book was expected to earn.
There are variations of this model, such
as advance against royalties or royalty - only, but the principle remains the same: the money flows toward the author.
Not exact matches
After being approached by Shelf Media about an unconventional deal to publish Final Appearance through Lulu.com, Stark decided
against a traditional publishing contract and
royalty advance because of the greater control and potentially higher revenue share self - publishing — or «direct publishing»
as Stark calls it — might bring to an accomplished novelist such
as himself.
As I understand it, these payments are usually applied
against the
advance, but since Libriomancer earned out pretty quickly, money for the book club, audio books, and UK deal just got bundled in to the
royalties payment from DAW.
What publishers and authors typically refer to
as a «book
advance» is an «
advance against royalties.»
Manuel from Ogden, Utah No, on the contrary, publishing houses will often give you money up front (it is known
as an
advance payment
against royalties) for the rights to publish your work, and you will also be entitled to
royalties and other payments
as negotiated in your publishing contract.
Note: Authors receive an
advance against royalties;
as books sell, authors earn a percentage of sales for each copy sold (a
royalty), which is applied
against the
advance they received.
The advantage to self - publishing is that you keep up to 70 % of your profit — which can be a lot of money if you're selling thousands of ebooks a month —
as opposed to traditional publishing where you might earn an
advance against 10 % of
royalties.