By Dennis Abrams
The Bookseller reports that the median advance for “traditionally published” author is “well under £6,600” based on the early results of a survey regarding the attitude authors have towards their publisher.
Early findings also indicate that larger publishers also pay more. When looking only at advances paid by large trade publishers (“from Penguin Random House to Bloomsbury”) raises the median advance rose to around £13,000.
The survey, called “Do You Love Your Publisher?” launched earlier this month, and is co-produced by Jane Friedman in the United States and Harry Bingham in the United Kingdom. Open to traditionally publishers to complete until March 31st, the twitter hashtag #authorsay is being used for the survey. The final results will be published in The Bookseller on April 10th.
The survey covers questions ranging from advance levels to the level of satisfaction with their book’s cover design.
To date, one-third of those who have completed the survey were published by a “big five” publisher, with an additional fifth published by a “large trade publisher.” The majority of respondents have published at least six books, one half had self-published a least one title, and an additional 23% have “seriously considered” self-publishing.
Nearly 70% of authors said that the editorial function of their publisher was “good or excellent,” although nearly three-fourths of authors “were never asked by their publisher for feedback.”
But the bottom line (at least among early respondents) is that authors are “broadly satisfied” with their publisher, although “more publishers would switch their publisher than their agent.”