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Traditional paperback royalties usually range from 5% to 7.5%, whereas hardback royalties often range from 10% to 15%. By looking to self-publish, authors can immediately earn up to 70% in royalties. If an author's work is selected, TV/movie option deals can also be around $15,000 for a three-year deal.
How much do you get for a book deal? You can get an advance between $5,000 and $100,000 if you land a book deal. However, it is both difficult to get a book deal and unlikely that a first-time author will receive such a significant advance.
Here are the basic clauses you should review in a book publishing contract: Author and Publisher Legal Names. Grant of Rights. Advances and Royalty Payouts. Understanding Subsidiary Rights. Maintaining Editorial Control. Options and Right-of-First Refusal. Consultation and Approval Rights. Warranty and Indemnity.
The contract will also include basic things such as your word count (usually 85-100,000 words for commercial fiction), how many books the publisher is buying from you at this stage (usually one or two for a first deal), your delivery dates and planned publication dates, your responsibilities if there are any (such as ...