As aspiring authors we like to dream about the day we become published authors, imagining what it will be like. We dream about six figure advances and global marketing campaigns, New York Times bestseller list and seeing our books on the shelf. There’s nothing wrong with having these dreams, I have them myself, but sometimes the actual reality of having a book deal isn’t what we imagined.
Not everybody gets a six-figure book deal as Brenda Hiatt shows on her blog. She has posted a survey of traditional publishing houses, examining what they pay and the royalties their clients receive. A lot of the figures might surprise you.
You can read the article HERE.
I also came across this great article about the part of being a debut author that no one talks about. It’s a very interesting read. Check it out HERE.
I love posts like the above because they help me get a better understanding of the business I want to be in. I’m still hopeful for the big advance and New York Times bestseller status, but I’m also realistic and would be happy for a small advance and to see my book on the shelf; after all I’m in it for the long run and I don’t need it all from the beginning. (Though wouldn’t that be nice!)
Have the above articles helped you? Were your eyes opened today? Did you think it was all six figures or are you more realistic? Let me know below, I’d love to hear from you.