Explaining Royalties and Advances! With Real Numbers!
A Manuscript Works Co-Production
Friends!
Exciting post for you today! This is an interview1 I did with Laura Portwood-Stacer, author of the excellent Manuscript Works newsletter as well as the book THE BOOK PROPOSAL BOOK: A Guide for Scholarly Authors, published by Princeton Univ. Press. In it we walk through Laura’s actual royalty statement. We are talking Real! Live! Numbers! here, so big round of applause for Laura talking about money on main. I hope you enjoy our chat and let us know if you have questions in the comments.
To read the interview and see the Real! Live! Numbers click here!
OXOXOXO,
Kate
1
I would do the whole cross posting thing Substack says we can do now but it is broken for me for some reason so you’ll just have to click a link! I know you can handle it.
Here's a great little tool to help #authors calculate when their book(s) might 'earn out': https://when-do-i-earn-out.web.app/
Interviewing Laura Portwood-Stacer, an expert in book proposals and publishing, to walk through an actual royalty statement is a great way to demystify the financial aspects of being a published author. Sharing these "real, live numbers" can be incredibly helpful for aspiring and current authors to better understand how royalties and advances work in practice. This type of transparency is valuable, and I'm sure the comments will be filled with readers eager to learn more from this informative discussion. https://omegle-new.com/