The economics of writing

So you want to write a historical fiction bestseller?

Sarah at Reading the Past gives you the recipe: having already written a few bestsellers, OR writing the sequel to a bestseller, OR being a celebrity, OR, failing the above, writing a wonderful book that appeals to a wide audience and garners stellar reviews and literary prizes. Easy, I call it.

Now that you have followed the guidelines and written your book, how much money are you going to ask for, and get? Rosina Lippi provides the answer and – very generously – a copy of one of her royalty statements. See how it works? Illuminating.

I speak on my website of advances, and link to this piece at Powells.com, which gives you a ballpark idea of what to expect upfront.

Thanks to Sarah and Rosina for sharing their insights, and best wishes to all fellow writers!

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