Disclaimer: I am a freelance editor with Carina Press, a publisher who works on a no advance profit sharing model, but this post represents my thoughts as a writer and should not be interpreted as me speaking on behalf of Carina Press.
With all the hoopla over the Random House e-book scandal, I’ve been annoyed at a how many people have taken to assuming a no advance contract automatically equals a bad contract. As a writer who has so far been lukewarm to self-publishing and the upfront costs involved, a contract with a reputable publisher that provides a nice profit sharing and covers the cost of editing and production as well as some marketing support is far superior to me shelling out thousands of my own dollars with sketchier results. But every time I tried to articulate that into a broader essay on the benefits of a no advance model I choked. Now agent Evan Gregory of the Ethan Ellenberg Agency has come out with a great piece that says everything I was trying to say.
You can check it out here.
I’d also enjoy hearing your thoughts on the no advance model.