Wednesday, February 1, 2012
Hurray! A real royalty check!
I got a $35.16 check in the mail today from Penguin Group.
This means two things:
1) "How About a Kiss for Me?" was a gargantuan financial mega-hit--perhaps the most successful book in Penguin's history, who knows? I am like Dr. Seuss, only more successful.
2) I can now drop little lines at cocktail parties like, "Well, we haven't yet decided what to do with the royalties from my first book. We've talked about re-doing the bathroom." (It's true: we've been talking about re-doing the bathroom for years, and the $35.16 will pay for a new shower curtain.)
I went online to see if I could figure out how many books earn out their advances and actually generate royalty checks for their authors. The two ballpark figures I saw were "3 out of 10" and "less than half." So I was high-fiving Kahlua and Bailey and tossing out dog treats, and we were all very excited. Then I went to another site, which said that most kids books earn out their advance because the advances are so small. And I chose to ignore that as "outlier data."
Only remaining question: what color shower curtain?