- [Instructor] Before we go any further,…there are a few key terms…that I'd like to take a moment to define…as they will appear regularly in the next few lectures.…These are terms that you will hear quite often…in the publishing industry.…In fact, you may already be familiar with some of them…but let's break them down here…so we're all on the same page moving forward.…You can also find a list of these terms…and their definitions in the publishing glossary handout.…Royalties.…In the book world, a royalty is a percentage…of each book sold that is paid to the author.…
We'll get into more specific numbers…when we talk about publishing contracts…but traditionally, royalties range from six to 15%…depending on the contract.…To make the math easy, let's say the price of your book…in the store is $10 and you're receiving a 10% royalty…then you get $1 for every book sold.…If a million copies of your book are sold,…congratulations, you are a millionaire…which brings us to our next term…which is probably my favorite term of all, advance.…
- Comparing traditional publishing and self-publishing
- Writing and revising your novel
- Finding an agent
- Perfecting your pitch
- Writing a query letter
- Researching agents
- Submitting to agents
- Reading your book contract
- Negotiating advances and royalties
- Understanding the publishing process
Skill Level Intermediate
1. Overview of the Publishing Process
Why I created this course2m 32s
2. Writing and Revising Your Novel
3. Introduction to Literary Agents
4. Creating and Perfecting Your Pitch
5. Writing Your Query Letter
6. Researching Agents
7. Submitting to Agents
8. Selling Your Novel
9. Navigating Your First Book Contract
10. The Publishing Process
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