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ASK THE AGENT: Paying Back Your Advance

Do authors ever have to pay back their advance? I mean, what if the advance is $5,000 but I only sell 2,000 books? Do I have to pay that back, or is that just the gamble that the publisher takes? No, you don’t have to pay back your advance for lack of sales, or at…
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How Much Does It Cost to Publish a Book?

Last week I told you how book royalties work, and your comments brought up some important issues. One of them was the idea that the publisher makes a significant financial investment in each writer, with no guarantee that the book will sell. This is important to recognize and understand, because it’s one of the reasons…
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