I was paid £12,500 to write my book – and here's why I'm telling you | Alex Holder

The more we know about what other people earn, the more we can understand our own circumstancesI was paid a £12,500 advance to write my book, Open Up. Sharing this publicly, even as the author of a book about our emotional relationship with money, was initially petrifying, but I ended up revealing it in the book – it’s there on page 17. When I got the book deal, I’d excitedly tell people and they’d inevitably ask: “Did you get an advance?” And like most chats about money, the conversation would abruptly stop there.I worried about telling people the amount for so many reasons. I thought it would compromise my publisher or my agent. I worried it would compromise the book, and that people would think: “Oh, that’s not a large amount, it can’t be very good.” The only book deals we hear about are the six-figure ones, and they can be misleading; a headline-grabbing “£100,000 four-book deal” is really only £25,000 a book, and if a book takes a year to write, that pays the author a below-average salary.Jessica Knoll recently set Twitter alight after revealing that income from writing has allowed her to buy her a Porsche Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2019-03-28 00:00:00 UTC ]

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