http://www.brendahiatt.com/id2.html
The first three publishers already give you an idea of the range:
Asylett (4 titles)
Average advance: $0
Standard royalty percentage: 40% of net (digital)
Average earn-out: $100 Median: $70
Avalon (20 titles)
Average advance: $1030 Median: $1000
Advance range: $1000 - $1200
Standard royalty percentage: 10%
Average earn-out: $1250 Median: $1000 Range: $1000 - $2400
Avon/HarperCollins (53 titles)
Average advance (first book): $19,700 Median: $8000
Average advance (subsequent books): $28,000 Median: $15,000
Advance range: $5000 - $100,000
Standard royalty percentage: 8%
Average earn-out: $23,000 Median: $26,500 Range: $12,000 - $35,000
4 comments:
It's kind of depressing, isn't it? How much money you're NOT going to make...I think when we see all the big-hit authors making a LOT of money we get it in our head that we will, too. We CAN, but it's unlikely. I think romance authors can certainly live off their writing, but not with just a few books. It would take many.
So what are your thoughts on this? I love that you're sharing all this information in your posts. :)
These are the kind of posts that are extremely helpful, Tara.
But also the kind I can't let myself read or else I'll just get too discouraged and throw up my hands.
There's some kind of balance each of us needs to find between a realistic assessment of the field and falling prey to discouragement. I think it's different for everyone, and I think everyone will have a different hot button topic, too.
I'm okay as long as I just think about how hard it is to get an agent, how hard it is to get a publisher, and those sorts of challenges because those feel like things I can work at. If I think about facts and figures on numbers, that feels more out of my control and that gets me down.
Still, information is power and I know posts like this will arm a lot of writers with what they need to know setting out.
Michelle, it also reminds me that there's not as big a difference between self-publishing, publishing through a digital-only press and traditional publishing, as some people make out, at least not if you are at the bottom of the feeding chain.
Nevets, I know what you mean. If it gets you down, I suggest you read this as an anecdote:
http://www.deanwesleysmith.com/?p=1793
... in particular, the advice, "never think about selling while you're writing."
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