I attended a paid webinar ($79) with Jane Friedman, editor of Writer’s Digest, on non-fiction book publishing last week. If the recording becomes available, I will let you know. It was chock-full of useful info for aspiring non-fiction writers.
I was just sent a list of questions and answers that Jane did not have time for during the event. I think I can share one with violating copyright:
Q: How do authors make money?
A: In the most basic terms, authors make money when a publisher pays them an advance against
royalties for a book project. Then once the book starts to sell in the marketplace, the author has
the potential to earn more money (based on a royalty percentage specified in the book contract)
after the advance is earned out.Most books do not earn out their advances, so usually the advance is the only money you’ll see
from a book project unless you are very good at marketing, promoting, and selling your own
work.
All of the information was at this level of directness. Hope they make the recording available; it was very powerful.
