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Monday, August 23, 2010

Negotiating a Non-Fiction Book Contract: Advances

This is usually the first section a new author reads in the book contract. It's the "show me the money" section and it sets out how much and when the publisher pays you in advances.
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The Best Part of a Publishing Contract for Most Authors

By far, the most enjoyable section of the book contract to the author is the Advance section. Unfortunately, fewer publishers are paying advances these days to reduce their financial risk of publishing a dud. But, for those books that are still attracting advance payments, here is what you need to know:

How the publisher calculates the advance

As an author, you will likely never know exactly what goes into the calculation of an advance. Each publishing house and each individual acquisitions editor will have their own way of coming up with a dollar figure.

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