While large publishing houses pay an advance royalty to an author when they sign a contract for publishing a book, keep in mind that they do so only because they are confident that they will see a return on investment that is at least equal to (but hopefully greater than) the advance royalty. This is why most large publishers will only sign “bankable” names or manuscripts—to the exclusion of new or unknown authors.
As a small, non-profit publisher, the traditional advance of $2,000 or more per title would severely impact the ability of Nitis Books to accept works from new or lessor known authors by draining the resources we need to run a viable publishing operation. Because we do not pay an advance royalty to our new authors, we are able to:
- Take on the much greater risk that comes with publishing books written by new or lesser-known authors
- Publish many more titles per year than we would if we paid advances the way large publishing houses do
- Offer much better royalty percentages to all of our authors, in both eBook and print formats
However, for returning authors, an advance royalty may be offered for additional titles, depending on sales of previous title(s) by the author that were published by Nitis Books.
Posted in: Manuscript Submission FAQ