Running the Royalty Numbers
Did you ever wonder just how that royalty stuff works? How much do authors make per book and how many books do they have to sell to make up their advance and actually make money? Literary Agent Rachelle Gardner runs the numbers here.
I’ll be honest, knowing what my royalty rate is and what my advance was, I’m scared. But I guess that’s all part of the process and experience, man. It makes me want to work all that much harder.