The Advance: Tranches, Earn-Out Copies & the Royalty Statement
This lesson is part of the course
In this lesson
You split Mara's 45,000 advance into payment tranches, work out the blended royalty per copy and the copies needed to earn out, then run six royalty statements to the first one that pays her.
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Lessons in this course
- Unit Economics of a Print Book: List Price, Discount & Print Cost Locked
- Author Royalties: On List Price vs Net Receipts & Escalators Locked
- The Advance: Tranches, Earn-Out Copies & the Royalty Statement Locked
- Print Run Sizing, Unit Cost & the Reserve against Returns Locked
- Hardcover, Paperback, Ebook or Audiobook? Margins by Format Locked
- Self-Publishing: Royalty Tiers, Delivery Fees, Print-on-Demand & Break-Even Locked
- The Title P&L: From Revenue to Net Profit, with a Waterfall Chart Locked
- Frontlist to Backlist: Sales Decay & Lifetime Value of a Title Locked