Category Archives: Royalties

Bigger royalties on their way?

I am reminded of the note I read about this a couple months ago.  Publishing giant Harper Collins rolled out a new imprint called Harper Studios, including ten books planned for celebrity chef Emeril.  What is unique about this imprint is that even for a fancy name like Emeril, they are not paying advances.  Instead, they plan to increase royalties to as much as 50%.  Royalties have traditionally been around 15%.

This is a big change, and if other publishers cleverly follow suit, it will dash a lot of dreams of big up-front advances.  Of course, every couple weeks we are told by a prospective client that they want us to find them a publisher who will provide a hefty advance…

1.  We write, we are not literary agents.

2. Publishers are doing you a favor by risking their necks on an unknown author.  They are not going to give you a big advance.

As Harper  Collins spokesman Robert Miller says, “Advances have skyrocketed but sales haven’t grown.”  Authors will have to convince not just the publisher of the value of printing their manuscript, but also the public of the value of reading it.

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