I’ve heard speculation these book deals are a clever way of bribing people legally through advances so I asked Google AI to guesstimate how much she got for her book called Enough, here’s the answer:
It is important to reiterate that the exact amount Cassidy Hutchinson made from her book deal is not public. However, we can make an educated guess based on available information about book sales, standard royalty rates, and typical publisher advances for similar books.
Key points
- Sales figures: According to one Reddit comment referencing Bookscan data, Enough sold 160,000 physical copies (hardcover/paperback) in the US as of February 2024. This does not include ebook or audiobook sales.
- Retail price: While not explicitly stated in the search results, similar political memoirs often have a hardcover retail price around $30.
- Author's royalty rate: For traditional publishers like Simon & Schuster, authors typically earn royalties ranging from 10% to 15% of the hardcover retail price, and sometimes higher rates for ebooks and audiobooks. Royalties are usually paid after the author has "earned out" their advance.
- Literary agent's commission:Hutchinson was represented by Robert Barnett. Literary agents typically take a 15% commission on domestic sales.
Educated guess on earnings
- Potential royalties: If we assume a $30 hardcover price and a 15% royalty rate (before the agent's cut), the royalty per book sold would be $4.50.
- Total potential royalties (based on known sales): Multiplying the 160,000 physical sales by $4.50 royalty per book yields $720,000.
- Agent's commission: The agent would typically receive 15% of this amount, or $108,000.
- Author's potential net royalties: This would leave approximately $612,000for the author from these reported physical sales, if the advance was earned out.
Importance of the advance
- Most authors receive an advance payment before publication, which varies widely depending on the author's profile and the publisher's expectations for the book's success. Advances can range from a few thousand to six or seven figures.
- It has been suggested that Hutchinson's book deal was likely in the six-figure range, though this is unverified.
- Authors don't earn additional royalties until enough books are sold to cover this initial advance. It is possible that the book has not yet "earned out" its full advance, meaning the author may not have received significant royalties beyond the initial advance payment.
Based on these considerations, it is reasonable to estimate that Cassidy Hutchinson likely received an advance payment in the six-figure range. Her total earnings would be this advance plus any royalties earned after the advance was recouped, minus her agent's commission. Given the reported sales figures, it's possible her earnings exceed the initial advance, but without knowing the exact advance amount and comprehensive sales data (including ebooks and audiobooks), a precise figure remains unknown.
Her book is now selling for 11.99 on Amazon but you can get it used for seven bucks
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