Quote:
Originally Posted by Barcey
Because it's the standard sob story that the publishers tell their authors. It's interesting that they don't talk about the percentage of books that lose money but always talk about the percentage that don't earn out the advance. They are very different things.
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You do understand that a book that doesn't earn out the advance, then the publisher eats that loss. In the vast majority of cases, a book that doesn't earn out the advance, is going to lose money. There may be a few that are so close to earning out, that they aren't a loss, but not many. The million copy best sellers are what drives the profit margin for most publishers.