4 ms·
The publisher makes more profit than the author, but they also take more risk. The author is guaranteed $50,000, while the publisher could (theoretically) lose
by smallblacksun 17y ago
The publisher makes more profit than the author, but they also take more risk. The author is guaranteed $50,000, while the publisher could (theoretically) lose $50,000 plus the cost of printing and distributing if the book doesn't sell well.
- deleted 17y ago[deleted]
- gommm 17y agoWhen publisher's give advance that high it's because they know that the book will sale. So I don't think they are really taking that much of a risk with publishing this book.