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Writer Tip: How To Figure Out When You’ll Earn Out Your Advance


Happy Monday Everyone! I found a cool tool that I think could help many of you however you are published. It’s a tool to help you figure out when you’ll earn out your advance. It can be really helpful for authors traditionally published and those considering whether traditional or self-publishing is the best option for a specific manuscript.

Hana Lee, a traditionally published author, has created When do I earn out?, a free web-based calculator. It will give you an estimate of how many hardbacks, paperbacks, ebooks, and audiobooks you have to sell to earn out your advance and also shows how much a publisher would earn in revenues. It’s an eye-opener and a very helpful resource.

You can find out more about Hana and her books on her website or on Twitter or Instagram at @K_Hana_Lee on Twitter.

Upcoming Interviews, Guest Posts, and Blog Hops

Wednesday, May 3 I have an interview with debut author Matt McMann and a giveaway of his MG spooky mystery Escape From Grimstone Manor and my IWSG post

Thursday, May 4 I’m participating in the Life’s a Beach Giveaway Hop

Monday, May 8 I have an agent spotlight interview with Ellen Goff and a query critique giveaway

Monday, May 15 I have an interview with debut author Jen St. Jude and a giveaway of her YA contemporary speculative If Tomorrow Doesn’t Come

Tuesday, May 16 I’m participating in the Mom’s Rock Giveaway Hop

Wednesday, May 17 I have an agent spotlight interview with Kristina Perez and a query critique giveaway

Monday, May 22 I have an agent spotlight interview with Natasha Mihell and a query critique giveaway

Hope to see you on Wednesday!

 

5 comments:

  1. Happy MMGM and hope you have a lovely week, Natalie.

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  2. Are advances still a thing? I thought those went the way of rotary phones and horse drawn carriages.

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  3. Thanks so much, Natalie! I hope to one day use this tool! :)

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  4. Luckily I'll probably never have to worry about 'earning out an advance'--and not because I sell so many books!

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  5. Interesting! I haven't had to think about this one before, but it's clear it takes alot o' books. Have a great week!

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