If you don’t earn out your advance, does that mean the publisher has lost money?
Authors always worry that if they don’t earn out their advance, it means the publisher has lost money.
But agent Chip MacGregor says “the argument put forth that an unearned advance equals a loss for a publisher just isn't true. (Or at least not the whole truth.)”.
But agent Chip MacGregor says “the argument put forth that an unearned advance equals a loss for a publisher just isn't true. (Or at least not the whole truth.)”.
