Getting a single payment (or multiple payments for one rate) is more common for ghostwriters and those writing smaller nonfiction. Flat-rate payments are less common in the industry. Again, traditionally published authors don’t get paid royalties until they have earned out their advance. They could be paid monthly, quarterly, annually, etc. Payment schedules for royalties vary based on who is paying them. Royalties are a percentage that you earn off every book sale, minus the costs associated with producing that book (i.e., editing, cover, and printing costs). Advances must be paid back via royalties before you make money from royalties, known as earning out. These are usually divided up into three or more payments: when the contract is signed, when the manuscript is accepted, and upon publication. ![]() Advances are lump sum payments made by a publisher for an author’s book. There are four different ways a book can turn into a paycheck for you: advances, royalties, flat-rate payments, and commissions. Let’s demystify how much an author makes per book. Honestly, I just want to put some of your worries at ease and make life a little bit easier. Ideas for diversifying your book income. ![]()
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