tag:blogger.com,1999:blog-34218279.post3652965601425591334..comments2024-03-29T07:14:38.160-04:00Comments on Dystel & Goderich Literary Management: Michael Bourret asks, "What's in an advance?"DGLMhttp://www.blogger.com/profile/03594925221862242748noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-34218279.post-12475038896297869522009-07-21T22:52:50.859-04:002009-07-21T22:52:50.859-04:00童裝批發
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Thank you for taking the ...This was so interesting. Thank you for taking the time to explain. :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34218279.post-67163740325489217132008-08-15T21:24:00.000-04:002008-08-15T21:24:00.000-04:00I appreciate your level-handed explanation about a...I appreciate your level-handed explanation about advances. But... I believe a larger advance would motivate the publisher to put more marketing dollars behind promoting the book to help it earn back its investment. <BR/><BR/>A book that did not have a large advance would not provide that incentive.suzanneelizabeths.comhttps://www.blogger.com/profile/14304462740451230118noreply@blogger.comtag:blogger.com,1999:blog-34218279.post-51161809765136586672008-08-15T19:53:00.000-04:002008-08-15T19:53:00.000-04:00Some authors who might not be raking in huge advan...Some authors who might not be raking in huge advances make a lot of money on speaking engagements. Years ago, my first editor at St. Martin's predicted that I'd have a good career through money earned that way which most years would likely surpass book earnings themselves. Since 1991, I've been lucky to speak across the country at colleges and universities, book fairs, churches and synagogues, libraries, foundations and do quite well financially from year to year. And then there's this: if 50+ people come hear you at a college and you get your expenses paid plus a speaking fee, you're way ahead of where you'd be if you had a book store event. I discovered years ago that most of those gigs are a waste of time (except for making connections with the staff) because too many stores over-schedule.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34218279.post-10412046083270021592008-07-27T21:21:00.000-04:002008-07-27T21:21:00.000-04:00This doesn't tell me anything I don't already know...This doesn't tell me anything I don't already know (but then again, I'm 49 and have been around the block more than a few times so I can plausibly lay claim to some advance knowledge.).<BR/><BR/>Nonetheless, this blog post raises several good questions as well as issues.<BR/><BR/>The advance, it's commonly understood, is not only an upfront payment against royalties, it's also supposed to allow the author to take at least a year or so from the rat race so they can write their next book.<BR/><BR/>But since newbies often get shit from publishers in the way of advances, that kind of queers the chance for a multibook deal, which can benefit both author and publisher.<BR/><BR/>My former friend Alex Kava, when Phillip Spitzer got her signed at Mira books, got her a three book deal in the low six figure range. And she was a firsttime author (I read <I>A Perfect Evil</I>, her debut novel, when it was still in ms and I persuaded her to not 86 Spitzer when she was losing patience with him). The advance allowed her to get the followup, <I>Split Second</I>, on her publisher's desk within the allotted 6 month time frame.<BR/><BR/>Of course, a low advance is as bad as no advance. Not only are you working against royalties but if the publisher and its sales and marketing depts in their P&L can only muster a half-assed advance, chances are the PR press kit will also suck like an Olympic pool drain and leave the book to twist in the wind.<BR/><BR/>But that's a rant for another day...jurassicporkhttps://www.blogger.com/profile/01673461210301442978noreply@blogger.comtag:blogger.com,1999:blog-34218279.post-83513849184982474092008-07-22T12:24:00.000-04:002008-07-22T12:24:00.000-04:00Very interesting information. It is reassuring tha...Very interesting information. It is reassuring that, as an author who is interested in the children's paperback business, I can interest a company by making money for them! As I write fantasy/adventure, I don't expect everyone to buy my first book, but building a reputation is extremely valuable to my own sales as I intend to write a series. Mary Pope Osborne is not worrying about her first advance, now that she is on book #34 or so... Thank you for explaining it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34218279.post-18730447304469280512008-07-14T01:12:00.000-04:002008-07-14T01:12:00.000-04:00One thing I've read is that with greater advances ...One thing I've read is that with greater advances come increased expectations for author marketing. Just how much, and to what extent is an author expected to promote his/her novel?Laurie Woodwardhttps://www.blogger.com/profile/12713215201507755495noreply@blogger.comtag:blogger.com,1999:blog-34218279.post-15256630061527170822008-07-11T21:25:00.000-04:002008-07-11T21:25:00.000-04:00It's hard for me to imagine making a million dolla...It's hard for me to imagine making a million dollars and then saying to myself, "I'm such a failure." <BR/><BR/>But I appreciate this info. it's really hard to find any info on this subject.Kimbra Kaschhttps://www.blogger.com/profile/16955657301998255029noreply@blogger.comtag:blogger.com,1999:blog-34218279.post-14257902994174327282008-07-08T18:24:00.000-04:002008-07-08T18:24:00.000-04:00Thanks so much! You've answered a lot of my own qu...Thanks so much! You've answered a lot of my own questions with this post.Janna Leadbetterhttps://www.blogger.com/profile/06339705935553160673noreply@blogger.comtag:blogger.com,1999:blog-34218279.post-62368173442359560512008-07-04T01:28:00.000-04:002008-07-04T01:28:00.000-04:00Ah amazing advice. So SO glad I came across your b...Ah amazing advice. So SO glad I came across your blog....I'm working a query right now in regards to a recent blog a couple days ago tht received 107 comments. I realized it struck a chord with my readers, as do most my blogs...so I'll be frequenting your blog often for more gems. CHEERS! Happy 4th ;)Chelsea Talks Smackhttps://www.blogger.com/profile/17998747129805795801noreply@blogger.comtag:blogger.com,1999:blog-34218279.post-7205795209799517002008-07-03T10:29:00.000-04:002008-07-03T10:29:00.000-04:00John: Thanks for your comment. It's true that ear...John: Thanks for your comment. It's true that earning out and being profitable for the publisher are not necessarily the same. <BR/><BR/>And, congratulations on your book!DGLMhttps://www.blogger.com/profile/03594925221862242748noreply@blogger.comtag:blogger.com,1999:blog-34218279.post-68977414811759130532008-07-02T23:54:00.000-04:002008-07-02T23:54:00.000-04:00I liked your explanation of advances. One thing t...I liked your explanation of advances. One thing that was missing, though, was the difference between earning out the advance and making money for the publisher.<BR/><BR/>In hardcover, the royalty and publisher profit is split pretty evenly. In paperback, the publisher gets two or three dollars for every one to the author royalty account.<BR/><BR/>So a book that sells lots of paperback copies can be solidly profitable for the publisher even if it has not earned its advance out yet.<BR/><BR/>In both cases, though, there is a level at which the book is profitable, below the level at which it earns its author royalty. A book that's profitable may garner its author a solid next deal even before it has earned out.John Robisonhttps://www.blogger.com/profile/07407165016025447113noreply@blogger.comtag:blogger.com,1999:blog-34218279.post-59916158192225483672008-07-01T15:57:00.000-04:002008-07-01T15:57:00.000-04:00I'm not too fussy about advances.I figure that if ...I'm not too fussy about advances.<BR/>I figure that if the book sells, I'll get it eventually anyway<BR/>or is that messed up thinking??Kimber Chinhttps://www.blogger.com/profile/13658012405712901099noreply@blogger.comtag:blogger.com,1999:blog-34218279.post-56214687251845243502008-07-01T12:20:00.000-04:002008-07-01T12:20:00.000-04:00Excellent!This year, we interviewed an author who ...Excellent!<BR/>This year, we interviewed an author who pulled in a 1.5 million dollar advance. He still has his day job, and frankly, I wonder how he finds the time to write given that he's on endless tours and visitations.Kananihttps://www.blogger.com/profile/17820639940574390611noreply@blogger.comtag:blogger.com,1999:blog-34218279.post-20139951006511876932008-06-30T05:32:00.000-04:002008-06-30T05:32:00.000-04:00Hey, great information. I have to admit, I never c...Hey, great information. I have to admit, I never choose a book based on the advance it pulled, but maybe I'm just old-fashioned. I can see how a huge advance can garner attention, but I'm glad to know there are other avenues to a great selling book and news of a huge advance isn't the only way to pump up the sales.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34218279.post-42977750771053514942008-06-29T23:32:00.000-04:002008-06-29T23:32:00.000-04:00Thanks for the clear explanation!Thanks for the clear explanation!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34218279.post-72067454332720879712008-06-26T19:51:00.000-04:002008-06-26T19:51:00.000-04:00I want the best editor, and then the best advance ...I want the best editor, and then the best advance I can earn out.<BR/><BR/>Thanks for explaining it! <BR/><BR/>High advances cause high expectations with readers too. I just read THE ART OF RACING IN THE RAIN and I have to admit that after reading the story to publication and its 1.2 million dollar advance, I had high hopes for it. I wasn't disappointed, in fact, I loved the book, but it's true that I expected a lot more from it than I might have if someone had just handed it to me and said, "Oh, you've got to read this. It's great!" Of course, most people outside of the publishing biz (i.e. regular readers) don't know anything about advances anyway.Anonymousnoreply@blogger.com