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whimsicallyours's profile
Patrice Caldwell
Patrice Caldwell
Patrice Caldwell
@whimsicallyours

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Patrice Caldwell

@whimsicallyours

Literary Agent @newleafliterary. YA author: ETERNALLY YOURS (YA pnr anthology, fall ‘22), WHERE SHADOWS REIGN 🧛🏾‍♀️ (fall ‘23). she/her.

IG:whimsicalaquarian / NYC+ATX
patricecaldwell.com
Joined December 2011

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    1. Patrice Caldwell‏ @whimsicallyours 6 Jun 2020

      A thread on advance payouts! Say you have a $60k advance per book for 2 books ($120k total). You don’t receive all upfront. It’s broken into pieces, paid over years. So for this advance, let’s say it’s paid in thirds... #PublishingPaidMe

      44 replies . 792 retweets 2,654 likes
      Show this thread
      Patrice Caldwell‏ @whimsicallyours 6 Jun 2020

      Payout in thirds is: - 1/3 on signing of contract (40k bc the contract is for both books) - 1/3 on delivery and acceptance of revised manuscript #1, ie after edits w/editor. ($20k) - 1/3 on publication of book #1 ($20k) - 1/3 on d&a book #2 ($20k) - 1/3 on pub book #2 ($20k)

      3:46 pm - 6 Jun 2020
      • 65 Retweets
      • 597 Likes
      • Jess Barron TWP Lydia 🍪✨ Babywriting Harlem C. Boston Autumn is revising finally lol Cade 🏳️‍🌈🦕🦖 Free Palestine • Ramadan: Tag NSFW FollyTully
      11 replies . 65 retweets 597 likes
        1. New conversation
        2. Patrice Caldwell‏ @whimsicallyours 6 Jun 2020

          What does this mean? Well say you sign this book deal in 2020 for a book that’ll publish in 2022. So let’s say the contract is finalized in 2020 that means you get $40k in 2020 for the signing of the contract (and again the contract is for both books hence the double amount)

          2 replies . 44 retweets 460 likes
          Show this thread
        3. Patrice Caldwell‏ @whimsicallyours 6 Jun 2020

          This means the revised first book, based on notes from an editor, will likely be due in 2021 which means you’ll be paid delivery and acceptance (d&a) in 2021. Okay so that happens and you get $20k for turning in the full final manuscript of book 1

          2 replies . 35 retweets 409 likes
          Show this thread
        4. Patrice Caldwell‏ @whimsicallyours 6 Jun 2020

          Then publication is in 2022 so if it’s a March publication you’ll get paid then and these payments are often automatically sent ... so you get paid $20k for book 1 publication AS WELL AS $20k for book 2 d&a IF book #2 is supposed to publish in 2023. Yay $40k in 2022.

          1 reply . 35 retweets 400 likes
          Show this thread
        5. Patrice Caldwell‏ @whimsicallyours 6 Jun 2020

          In 2023 you’re back to getting $20k for book 2 publication. And then hopefully you’re working another job or have something else on the side or a rich spouse/trust fund etc bc this really isn’t enough to live off

          3 replies . 33 retweets 488 likes
          Show this thread
        6. Patrice Caldwell‏ @whimsicallyours 6 Jun 2020

          If you have an agent the agent takes 15% which means you only get $105,000 total. But agents are worth it bc we usually get you a better overall deal and we manage your entire career and help you strategize long term

          8 replies . 40 retweets 611 likes
          Show this thread
        7. Patrice Caldwell‏ @whimsicallyours 6 Jun 2020

          And then don’t forget about taxes, be safe and put aside 30% and so yeah... as you can tell... this ain’t a lot. And that’s why people are having this convo bc it does matter

          4 replies . 38 retweets 613 likes
          Show this thread
        8. Patrice Caldwell‏ @whimsicallyours 6 Jun 2020

          And the payout changes based on advance size. Sometimes it’s 1/2 usually if it’s a larger six figure deal it’s 1/4s I’ve even seen 1/5s which I abhor bc omg come on but it happens

          6 replies . 25 retweets 407 likes
          Show this thread
        9. Patrice Caldwell‏ @whimsicallyours 6 Jun 2020

          Patrice Caldwell Retweeted Patrice Caldwell

          If you want to read more about this highly recommend this from @stdennard and @JoSVolpe breaking down advance and subrights etchttps://twitter.com/whimsicallyours/status/1173756053827325952?s=20 …

          Patrice Caldwell added,

          Patrice Caldwell @whimsicallyours
          Gonna recommend a series @stdennard and her agent @JoSVolpe did breaking down sooz's advance AND subrights (which are so important to a writers financial success, too!!) just for an intro. on advance: https://mailchi.mp/susandennard/bloodwitch-arc-giveaway-income-as-a-writer-part-ii … on subrights etc.: https://mailchi.mp/susandennard/windwitch-paperback-release-income-as-a-writer-part-iii?e=cc10164962 …
          Show this thread
          11 replies . 68 retweets 594 likes
          Show this thread
        10. End of conversation
        1. This Tweet is unavailable.
        2. ᑕᗩᒪᒪY ᗷᒪᗩᑕK ∞‏ @CalBlack_ 7 Jun 2020
          Replying to @Sunchana1 @whimsicallyours

          There's no 0s on advances in Aus and NZ either! 😥 You gotta have a day job.

          0 replies . 0 retweets 1 like
        3. End of conversation

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