A few first novelists rush to quit their day jobs, especially if they manage to swing a large advance. It is accepted industry wisdom that getting big money up front means that one's publisher will be forced to work hard to earn it back. Sounds logical, but it isn't necessarily so. Even with massive support, a certain number of books are bound to fail. It also happens that publishers blow off high advances.
Donald Maass, The Career Novelist, 1986
Donald Maass, The Career Novelist, 1986
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