People are talking publishing advances and royalties right now, and let me tell you, I've had an agent for a few years and have seen 0 dollars from it. I do believe they sold books by some people I recommended, though. That's the work and the tea.
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One thing I've discovered is that rich kids who write for a "living" frequently inflate their earnings upward, when in fact many would write for exposure or a starvation wage. But when my book of essays got shopped, we were talking a 10-15k advance, best case
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I gave up on that "business" to sell writing to outlets that either pay well or that I like working with. 10 Ringer essays will earn out that advance and then some; they're great. And for years I shared my rates whenever I published somewhere, even wrote abt it for CJR
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A lot of the business, as near as I can tell from meetings and so on, is premised on finding books that are essentially hot takes, ideally by an author with a little juice coming off a viral take or podcast (in your proposal you discuss your "reach" and the "blurbs" you can get)
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I do think the major presses are going to shrink in size, so some of the problems will take care of themselves. The book reading audience will consist of fewer "normies" and instead pay out smaller sums to members of the "smart set" who check off trendy "acquisition needs"
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