Royalties: How Do Publishers Pay Authors?

Writers and authors hoping to make publishing a part of their life’s work must know about royalties and how they work. Yes, maybe you have a literary agent, or a spouse who is an accountant, but still, it's important to know what you're getting into. So I’m going to share a brief overview of royalties, what they are, and some of what you might expect to see in a variety of book deals today.

Let’s begin with the basics: What are royalties?