If you have dreams of selling your science fiction, fantasy or horror novel and getting filthy rich, you need to adjust your expectations. We’ve collected three testimonials from genre writers below to help aspiring writers to maintain realistic expectations.
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Horror novelist Brian Keene gave a speech at Towson University’s Borderlands Boot Camprecently, laying out some frank statistics for aspiring genre novelists. Here is an excerpt:
The average advance these days, for a genre fiction novel, ranges between $2,500 and $10,000. That’s right. The novel you spent a year working on only earns you between $2,500 to $10,000 at first. When the book is published a year later, that advance will have long been spent. And you probably won’t see a royalty check until another year AFTER your book has been published (provided enough copies have sold to earn out your advance). So it will actually be two years from that advance check before you get paid again.
Link to the rest at Galleycat and thanks to Julia for the tip.