Tuesday, November 30, 2010
Book Advance Boohoo (or not)
Did you know that most authors don't make back their advances? According this article, ">href="http://www.nytimes.com/2009/04/12/books/review/Meyer-t.html"> in the New York Times, 7 out of ten of us never make a cent. Maybe I'm an optimist...OK, I admit it, I am...but that means 3 out of ten do make money, right? That's 3 of every ten people. I had 15 people over for Thanksgiving dinner. If they were all authors, 4 1/2 of them would be making money on their newly released book. (I get to choose which one only counts as half a person) Not bad stats, I'd say.
And by the way, if you want to see a rundown of what an author really makes, read the article referenced above. But beware - if you aren't an optimist, it could be a bit of a downer. Just remember you ARE the exception! ~Karen
photo: ice surrounds a branch on my Rose of Sharon tree
PS Sorry I couldn't get the link to appear. I fiddled with it for way too long and couldn't get it to post right. Ah, technology! You'll have to do it the hard way; copy and paste. ~K