Saturday, February 19, 2011

The Numbers Game -- inspiration from writer J.A. Konrath

Thriller writer J.A. Konrath has done an incredible job as an indie author and publisher. In his blog today he crunches some numbers for us and the results will blow your mind:

The Numbers Game

So I just got off the phone with an acquaintance of mine. She's a writer whom I met last year at a conference, and she called me asking for advice.

First some background. She's hit the extended NYT list several times in both hardcover and mass market, and has a backlist of ten books. She was just offered a contract from one of the Big 6 for $200k a book, for a two book deal.

The royalties offered are industry standard 25% for ebooks on net.

She's thinking about releasing the book herself, and needed some help crunching the numbers. She's had several previous contracts for $200k a book, but so far none of her books have earned out their advance, even six years later. (This is common, by the way, even though she's had multiple printings. If I'd been paid $200k for Whiskey Sour or Afraid, I wouldn't have earned out either.)

Here's what I told her: Read the rest on his blog...

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