- [Narrator] Now let's talk about the topic…that I know is on everyone's mind, money!…Here are some frequently asked questions about money…and advances that I often get from authors.…How much money will I make?…How much can I expect to get for my first book deal?…What is an average book advance?…Will I make enough money to quit my day job…and write full time?…I will say right off the bat,…without sugar coating it, that book advances,…especially for first time authors, can be low.…Most of the time, lower than you might think.…
The reality of the situation is this,…very few authors are extremely rich.…Just because an author's book is on…the shelf in a book store doesn't mean…they're automatically dripping with money.…There are obviously exceptions to this,…the two primary ones being authors…who receive large advances for their books up front…and authors who are huge bestsellers.…Let's talk about the bestsellers first.…Remember when I took you through the math…and told you that if you sold a million copies of your book…
Author
Released
1/25/2019- 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
Duration
Views
Related Courses
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Writing: The Craft of Story
with Lisa Cron1h 55m Intermediate -
Negotiation Skills
with Chris Croft2h 12m Beginner
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1. Overview of the Publishing Process
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Why I created this course2m 32s
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2. Writing and Revising Your Novel
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Writing your novel4m 37s
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Revising your novel3m 22s
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3. Introduction to Literary Agents
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Why you need an agent8m 10s
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Finding an agent: Overview6m 32s
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4. Creating and Perfecting Your Pitch
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The definition of a pitch5m 23s
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The logline9m 30s
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The elevator pitch8m 33s
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The short synopsis6m 45s
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The full synopsis4m 21s
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5. Writing Your Query Letter
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Part 1: Hook their attention5m 41s
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Part 2: The book summary2m 45s
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Part 4: All about you4m 48s
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Query letter summary2m 22s
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Technical details4m 30s
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6. Researching Agents
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The agent submission list5m 57s
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Agent research tool #17m 17s
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Agent research tool #22m 43s
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Agent research tool #33m 24s
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Agent research tool #43m 4s
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Agent research tool #64m 30s
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Organizing your list2m 10s
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7. Submitting to Agents
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Getting rejections20m 28s
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Selling in vs. selling out5m 23s
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Thank-you letters1m 51s
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Getting interest3m 55s
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Getting signed6m 6s
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Agency contracts8m 42s
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8. Selling Your Novel
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Key publishing terms5m 3s
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Revisions and submissions7m 44s
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Money and advances18m 1s
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9. Navigating Your First Book Contract
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Royalties1m 44s
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Subsidiary rights10m 53s
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Option clauses6m 43s
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10. The Publishing Process
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Your last revision5m 32s
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Copyediting3m 44s
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First pass pages2m 40s
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Cover art4m 20s
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ARCs3m 47s
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Conclusion
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Video: Money and advances