advances Archive

The Ploughshares Round-Down: Publishing Isn’t Dead

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There’s an old joke in publishing about consultants, though it’s probably rooted in truth. A new executive hires a prestigious firm to spend months on an expensive deep dive, and they come back, excited, with one key insight: “You should publish more bestsellers, and fewer books that aren’t bestsellers.”

The Ploughshares Round-Down: Why Lena Dunham’s New Book is Worth $3.5 Million

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When I talk to a new potential client, one of the things we go over is potential advances. Most nonfiction writers get between $25,000 and $75,000; fiction writers, a fraction of that. Everyone who gets more than that did something remarkable to get there. During this conversation, many writers have

The Ploughshares Round-Down: Is It True You Can’t Make Any Money Writing Books?

Author: | Categories: Publishing 2 Comments
When I was making the switch last year from being an editor to being an agent, I heard from older agents that I was making a huge mistake. Advances are shrinking, they said. Midlist authors are going without contracts, and everybody is self-publishing. The whole industry is falling apart!