Fixed fees versus royalties

A fairly new writer asked me for my take on fixed fees versus royalties.

Hmmm. I have an opinion on this one but hopefully we can get an honest (and more insightful) take from a publisher in the comments.

For what it’s worth, my (limited and very subjective) take on things is this…

There are stories from ELT folklore of authors buying yachts with the royalties from the billion books they’ve sold. In contrast, royalties from my books just about cover the costs of a PJ Masks/Octonauts sticker book for my kid. That’s better than a yacht in my book anyway (said no dad ever).

Most of the work I’ve been offered on *print* resources so far has been for a fixed fee. That would be my preference.

As a betting man, I don’t like the odds when it comes to royalties. Who knows what curveballs might suddenly limit the market for your book in some way?

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