Let's say you're unagented and the phone rings and it's an editor who wants to buy your book. What questions should you ask? Romantic reads has a good list. Among the questions: how many books, how big is the advance, and what's the royalty rate.For the full list, visit the site.
We’re Rich! We’re Rich!
Oh, wait. The average picture book advance was $4,000. We never have been good at counting those zeroes.Get more detail about average and mean advances on Barbara Kanninen's site ("mean" here is a mathematical term, not a synonym for stingy, though you would be forgiven for thinking this).