Novel Writers - Salary

 By: John Halasz
A novel writer's salary varies greatly. If you intend to pursue a career as a novel writer, understand that it requires a great deal of patience and learning as well as a business sense. Most first-time novel writers either do not complete their novel or end up selling their novel for a meager amount of money in order to see it published. If you have just completed your first novel or intend to write and sell a novel, read the following sections to become more prepared at monetizing your novel.

A Novel writer's salary is paid in one of the following ways. They either receive a royalty, which is a percentage of the price for which each copy sells or they earn a predetermined flat fee regardless of the number of copies sold. The royalty is decided when the writer and the publisher draw a contract and varies greatly based on the publisher and the popularity of the writer. However, the most common figures are about10 percent of the sales. In 2010, The New York Times reported that the average advance for a novel is $30,000. In order to receive any commissions, the novelist must first recoup the advance.

In the past, publishers decided the royalty based on the actual retail price of a copy. However, these days, the novel writer's salary is a royalty based on the net price at which the books are sold to bookstores, which is the discounted rate. Though the publisher has the final say, the novel writer's salary can be increased through successful negotiation.

Regardless of a novel writer's experience and reputation, he or she will earn a royalty based on the number of copies sold. As such, if you are a first timer and the publishers are offering a low advance and a fair royalty, there is no need to hesitate. Remember that a first timer is always a risk for publishers and that the advance is only a minor part of the royalty.

A novel writer's salary may also be paid as a flat fee. This mode of payment is common when you are one among several writers who are writing for a series, if you are working on a licensed character, or if you are writing a TV tie-in novel. While royalties can keep you financially safe for a very long time, a single, flat chunk of fees can come in handy at times.
loading...
Author:
Artice Source: http://www.articlesphere.com

Related Articles in Writing And Speaking


People interested in the above article are also interested in the related articles listed below:

Ingenuity is required in detective writing, whether it is screenwriting, novel writing, or short story writing. Detective writing portrays the events of a crime, (usually a murder) and its subsequent investigation in a way that conceals the criminal's identity from the reader until the end of the book, when the method and culprit are finally revealed. Detective stories have been around for generations.
Before you begin searching for writing help make sure you understand what you need. Such services range from simple proofreading to complete rewriting and ghostwriting. How do they differ? Proofreading involves checking things such as spelling, punctuation, blatant sentence structure errors, inappropriate word choice (their/there), subject/verb agreement and capitalization. Proofreading is the least expensive and it tends to leave the piece basically as it was written.
There is little doubt that a hand written letter is something that can be greatly prized in the modern world. Letters have become a rarity, what with so many alternative and vastly quicker modes of communication. But there can be just as little doubt that receiving a letter on high quality, luxury writing paper helps to enhance the reading experience for the recipient.
loading...
Related Articles
in Writing And Speaking

More in Writing And Speaking

Excellent, Larry. Thank you for taking the new article directory technology and making it work to the max. I encourage everyone to keep contributing and contributing regularly. I can attest to the fact that this site is already a strong directory in a field of many. Kudos to Larry!

Matthew C. Keegan
The Article Writer

 

I find it a delight to use both as an author and a publisher. It is full of nice little surprises that make the whole process of writing, reading and publishing articles a complete delight. This is one that comes out tops and beats the rest hands down.

Eric Garner
Managing Director
ManageTrainLearn

 

I did a Google search and came across your site. It was exactly what I was looking for and was elated to find such a broad range of articles. As I am launching a free magazine in a small town in Florida, I wanted to be as resourceful as possible while still being able to provide some content that is interesting and well written. Your site has all the variables in the mix. Excellent Site hitting all the notes in the scale sort of speak.

Mo Montana
Florida, USA

Article Topics

 
Copyright © 2005 - by Larry Lim, Singapore - Article Search Engine Directory at ArticleSphere.com™
All Rights Reserved Worldwide. All Trademarks and Servicemarks are the property of the respective owners.
ArabicBulgarianCatalanChinese (Simplified)Chinese (Traditional)CzechDanishDutchEnglishEstonianFinnishFrenchGermanGreekHaitian CreoleHebrewHindiHungarianIndonesianItalianJapaneseKoreanLatvianLithuanianNorwegianPersianPolishPortugueseRomanianRussianSlovakSlovenianSpanishSwedishThaiTurkishUkranianVietnamese