11 Frequently Asked Questions About Book Royalties, Advances and Money


Knowledge is Power: I came across this information, as there seem to be so many choices out there, and I hate the idea of being ‘ripped off’.

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Writers In The Storm Blog

By Chuck Sambuchino

medium_2699296069If you’re going to wheel and deal with literary agents and editors, you’ll end up spending more time than you’d like discussing rights, contracts, advances, royalties and a whole lot of other important stuff. That said, I want to address the most common questions regarding how advances and royalties work. In other words, how does the payment process work when you sell a book?

Here are some FAQs:

1. How do writers make money?

You sign a contract with a publisher. In exchange for signing over the North American and English language print rights to your book and possibly other rights, as well, you are paid one of three ways:

  • flat fee: a set amount of money upfront that’s yours to keep. The amount does not change no matter how well the book sells. For example, if your flat fee is $10,000, the amount remains the same…

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