HOW MUCH DO AUTHORS ACTUALLY GET PAID? | Advances & Royalties | Publishing Finance

My last video of 2020!!
Thank you so much for the support this year for my channel, it really does mean a lot!! x
Do authors get a lump sum of money straight away?
Do all authors get paid the same?
Is it possible to be a full-time author?
In this video…
Advances and royalties
Advance installments linked
Example royalty rates of hardbacks/paperbacks/ebooks
Agents’ income
Earning out your advance
Reserves
#PublishingPaidMe
Differences between advances/royalties
Advice
Example contracts
What are YOUR thoughts? Are authors paid enough? Is it worth having an agent? Are there racial differences in pay? Feel free to comment below!
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Disclaimer:
Advances and royalty rates differ across publishing houses/authors/imprints/etc. These examples are just examples, not set in stone.
Example contracts shown do not disclose any confidential information.