Derek Thompson

If this book totally flops, then the advance still comes.

If the book does as well, then I have a smaller possibility of making some royalties.

The way that book sales make people with advances money is first you have an advance, you have a certain amount of money, let's say $10,000 to make it really simple.

Is that average?

$10,000.

$10,000.

I don't know.

I don't know.

I don't know.

Okay.

Um, but let's, I'm just saying for, for the purposes of, of easy, um, duplicate, um, easy understanding, let's say $10,000 as a book advance, a little bit of that is paid upon signing.

If it is paid upon getting the, uh, getting the manuscript or the hardcover.

And then finally the last part might be paid upon, um,

upon the paperback edition coming out.

The book will only make the author royalties.

It sells more copies than that $10,000 contract anticipates.

So you make royalties by exceeding expectations given the advance.

So there are some authors who might have big advances and not make royalties, but that's still okay.

Other authors who have small advances, but then a better chance of making money through royalties, if that makes sense.

Um, I, uh, having talked to my, unfortunately having talked to my agent enough about this kind of stuff, I've been encouraged to not talk about, uh, the, the specifics of the advance.