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by potlee 10 days ago
> then authors must pay back that entire advance in sales before they see a dollar of profit from their work. Most never do.

Thats a nice way of saying publishing houses are paying most authors more than they make from the sales

1 comments

That's not accurate either. If the royalties are 15%, for example, then covering a $15k advance would take $100k of sales.

A typical book isn't making the publisher much profit but they aren't losing money on it either.