![]() ![]() ![]() A few people started quietly panicking over whether they’d ever hit the numbers they were seeing, and if they didn’t, how long it would take before publishing declared them a failure. The numbers seemed ludicrous, especially for the authors with advances in the six figures. The server quickly filled up with shocked and crying-laughter emojis. When the discussion came up one day, people in the group started doing math to figure out how many copies they’d need to sell to earn out. My debut group, 2024-Ever, was no exception. ![]() ![]() Sooner or later, every debut group starts talking about earning out. When the amount you’ve earned in this way equals the advance your publisher paid you, you’ve earned out - and the royalties start being paid directly to you on a regular basis. Every time someone buys a copy of your book, you earn a percentage of the money from that sale in the form of royalties. The “advance” your publisher pays you is an advance on your future royalties. If you’re a traditionally published author or hoping to be one someday, you’ve probably heard of “ earning out.” What does earning out mean, anyway? Photo by Iryna Tysiak on Unsplash of a planner with pencils, pens, an orange, and a calculator. ![]()
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