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- Mar 5, 2017
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Hello,
I don't know if there are any active agents here but if anyone else has any relevant experience, I'd really enjoy a discussion or any knowledge of insights on determining advances.
Hypothetically, let's say I have a book series of 5 titles with one publisher released over the last 4 years, and the publisher has shipped and sold over 700,000 units (With sales slightly skewed towards the flagship title). I've since released another stand-alone title with them at a $40,000 advance and after its first year, it's sold 120,000 copies. I am looking to go and get my next book deal and I want to push for the maximum possible advance I could get this publisher to pay.
You need to negotiate and obviously try to determine what the 'fair market value of your work' might be to figure out what to aim for. How would you go about determining this?
I don't know if there are any active agents here but if anyone else has any relevant experience, I'd really enjoy a discussion or any knowledge of insights on determining advances.
Hypothetically, let's say I have a book series of 5 titles with one publisher released over the last 4 years, and the publisher has shipped and sold over 700,000 units (With sales slightly skewed towards the flagship title). I've since released another stand-alone title with them at a $40,000 advance and after its first year, it's sold 120,000 copies. I am looking to go and get my next book deal and I want to push for the maximum possible advance I could get this publisher to pay.
You need to negotiate and obviously try to determine what the 'fair market value of your work' might be to figure out what to aim for. How would you go about determining this?