HOW MUCH DO AUTHORS ACTUALLY GET PAID? | Advances & Royalties | Publishing Finance

My last video of 2020!!
Thank you so much for the support this year for my channel, it really does mean a lot!! x

Do authors get a lump sum of money straight away?
Do all authors get paid the same?
Is it possible to be a full-time author?

In this video…

Advances and royalties
Advance installments linked
Example royalty rates of hardbacks/paperbacks/ebooks
Agents’ income
Earning out your advance
Reserves
#PublishingPaidMe
Differences between advances/royalties
Advice
Example contracts

What are YOUR thoughts? Are authors paid enough? Is it worth having an agent? Are there racial differences in pay? Feel free to comment below!

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Other links:
https://www.theguardian.com/books/202...
https://metro.co.uk/2020/06/08/ethnic...
  / 1269602155574497282  
https://www.hollywoodreporter.com/boo...
https://www.thebalancecareers.com/boo...
https://www.writersdigest.com/finance...
https://www.alanjacobson.com/writers-...

Disclaimer:
Advances and royalty rates differ across publishing houses/authors/imprints/etc. These examples are just examples, not set in stone.
Example contracts shown do not disclose any confidential information.