You may write because you love the process, but that doesn’t mean you shouldn’t get paid for your work. Having your work published not only comes with recognition, but often also includes some type of payment for your efforts. When you work with a traditional publisher, you can usually expect to receive an advance and royalties. Understanding more about these types of payments can help you advocate for yourself during contract negotiations.
Advance
The advance is money paid out before your book is finished. The advance is a lump sum paid out to you so you can support yourself before your book goes on the market. Advances are often paid in split payments, and the timeline will vary depending on your contract. You may be paid upon signing the contract, when your manuscript is turned in, and once publication is completed.
Royalties
Royalties are paid based on how many books are sold and vary based on book type. For example, authors usually earn more on the sale of hardcover books than e-books. Some publishers offer higher royalties once the book sells a certain number of copies. Royalties may be paid out based on gross earnings or based on what the publisher earned after discounts, fees, etc.
Negotiation
If you have an agent, they will act as your advocate and negotiate your advance and royalties on your behalf. Without an agent, you must negotiate for yourself. Keep in mind that as a new author, your negotiating power is limited. Once you establish yourself, you’ll have more negotiating power.
Inexperienced writers can struggle with understanding the publishing process, especially if it’s their first book. As an author, you may find yourself negotiating contracts with your publisher to ensure you get properly compensated for your work. If you work with a traditional publisher, you’re likely to receive an advance and royalties. Understanding how these payments work can help you advocate for yourself.
