041: Explaining the Advance
Explaining the Advance
Debunking Common Myths about Advances from Publishers
March 3, 2017

Got questions? ICL instructors have the answers. Ask your question at www.writingforchildren.com/speak.
Are you enjoying the podcast? Click here to tweet about it!


Click here to download the show notes with extra resources
You've got questions. We've got answers.
The faculty of the Institute of Children’s Literature is waiting to answer your question! Ask it RIGHT HERE.
EXPLAINING THE ADVANCE
As with any profession, writing comes with a lot of profession-specific jargon that turns words we’ve always known into strangers. One such term is the advance. This is money an author receives at some point after signing a book contract but before collecting royalties. The advance can be a confusing thing for many writers.
What exactly is an advance?
Is it bad for publishing?
Do you even want one?
Do you have to pay them back if your book doesn't do as well as expected?
All of these questions have led to some weird myths about advances.
For help debunking these myths, listen to the full episode.
Click here to download the show notes with extra resources!
