Book royalties, advances, and empty wallets
In a previous blog post I pointed out that authors do not make a lot of money. And that’s true. They don’t. The reality is that you DON’T simply write a book and watch the money start coming in. Not unless you hit a one-in-a-million publisher feeding frenzy for your book or accidentally write the next Harry Potter. Instead, you write a book that will eventually provide you with a modest amount of money — and “modest” may very well mean, “enough to finally get that tune-up you’ve been putting off” — then you do another, and another, and another, because if you don’t you’ll have to get a day job. Which is something most authors have, anyway. Literary agent Rachelle Gardner recently did a…
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