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Question: If your fiction novel makes the New York Times Best Seller list will your book make you at least $50,000!?
What is the expected income if your fiction novel makes the New York Times Best Seller list (ex!. 25,000 , 50,000 , 80,000!.!.!.etc)

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Best Answer - Chosen by Asker:
It depends!.
When you sign with a publisher, you sign a contract in which you agree to give them X percent of each book sale!. (Of course, you have no idea how successful your book will be)!. When you sign, you get an advance, which is meant to cover living expenses while the author finishes the book, and can also be broken up into a couple lump sums (ie!. X thousand when you sign, X thousand when you deliver the manuscript, and X thousand when the book finally gets to the shelf!.) It can be as little as $5,000 or, if you're someone like Tom Wolfe, up to six figures!.
A couple months after the book gets to the shelf, you're sent a royalty statement, which shows how many books the were shipped to the store; however, the stores aren't required to report how many books they actually sold for up to a year!.!.!.if the sales exceed the advance given to the author, then the author receives more money!. If not, then the author doesn't!.
Presumably, if it is on the bestseller list, the book is selling very well (duh!.) But if the advance was really large, the author might not make that much money off of the sales!. However, they might get more money in the future--since books that do very well are reprinted in paperback and often in other languages, which gets the author more money!.
It depends how long something is on the bestseller list!. The Da Vinci code, for example, earned Dan Brown about 45 million pounds!. That's like 80 million dollars!. Then again, the Da Vinci code was a wild, wild success--and that kind of success is really rare!. Tom Wolfe, who has had an incredible career--with almost every book he has published on the bestseller list--is being paid about 7 million for his next book, being published in 2009!.
I would say that if your book is on the bestseller list for a number of weeks, you could earn 50,000+ (not including your advance)Www@QuestionHome@Com