Examining different publishing deals

Just as there are thousands of publishers, as well as imprints and subsidiaries

within those publishers, there are many types of publishing deals that can be

structured. If you’re working with a literary agent, he can help you evaluate

and negotiate the best deal possible. The four most common scenarios are

-

 The publisher pays a one-time, flat fee for the manuscript and becomes

the sole copyright owner of the material. You provide the manuscript on

a work-for-hire basis.

-

 The publisher pays a licensing fee to print copies of your self-published

book.

-

 The publisher pays an advance, plus royalties on all copies of the book

sold. This means you’d receive money upfront and ongoing royalty

payments based on sales of your book. The advance is usually fully

recoupable from future sales. (When you receive an advance, that

money is deducted from your initial book sales. Think of your advance

as a loan against your future income. If, however, your book doesn’t sell

enough copies to pay back the advance, you don’t have to refund the

money out of your pocket.)

-

 The publisher pays royalties only, based on sales.

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