I worked for 6 years on 2 novels / 1,300 pages that have earned me $4/hr. FTGEhttps://twitter.com/nytimes/status/943582546151051267 …
The advance is yours to keep. Even if she doesn't earn it out ... SEVEN FIGURES. And, yeah, let's imagine book 2 gets killed - I bet she still gets $500k - $1M. Deduct 20% agent and 5% MA, that's still $375k - $750k.
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BigPub breaks advances into pieces based on milestones. So when she turns in the story collection, $125k, minus agent, MA, etc. Another chunk that size when the editor approves, then when book published, then on paperback edition. Repeat for 2nd book, if the first sold well.
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A case study of how the contracts work: http://kriswrites.com/2016/08/31/business-musings-a-real-book-contract-contractsdealbreakers/ …
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