Re: book publishers
Something I should have mentioned about royalty contracts is that after the sale of 10,000 copies the royalty goes up from 10% of the wholesale price to 15%. A number of my books did go on to the "advanced royalty": "Striper Surf" and "The Trophy Striper" did. It doesn't sound like much but it represents a 50% increase in the royalty rate. As this happens late in a book's marketing , if the publisher unloads 100 copies you get $150 instead of $100. Of course sales are slowing down by then. Woolner used to call it "new money for old rope" or the "old soldier's pension". It pays for gear and ammo.