on the other hand, most writers don't ever make approaching $20,000 for a book and many epublishers are small companies. if the epublishers happen to be honest and on time with their payments, for many authors it might be better than the small advance they could get for a new book. on the other hand, the few authors i know tend to wait forever for payment or even accounting.
have you read this thread which links to author benjamin hoff's essay?
https://www.mobileread.com/forums/sho...&highlight=tao
it's very important reading imo.
Quote:
Originally Posted by cjcherryh
It is a serious question, because a writer has to live for a year after finishing a book before revenue starts. If pay is instant, and larger, this might be enough, but if it is slow coming, and in small checks, a writer could lose the house waiting for funds.
As an example, a writer gets 20,000 on signing. Has to write the book. This takes the better part of a year. Gets another 20,000 on pub. But this takes the better part of the next year...you're working for 20,000 a year, and have to pedal hard to keep up.
But e-book publishers are small and can't float the massive bank loans that let a NYC publisher front that kind of money. So a writer languishes, hoping for a total of 1000.00 next month to meet the mortgage, not to mention groceries...and it may or may not come...or come on time.
Or if the small publisher folds, and rights are tangled, it gets even scarier.
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