Earlier quoted context omitted.
Publishers front nearly all of the deelopment costs of the book --- e.g., the advance, the printing costs, whatever editing work that gets done, etc. Publishers don't have to pay all of these costs; they could make the authors front all of those costs, which reduces their risk. There is a name for that sort of arrangement; it's called a "vanity press". But funny thing, most authors don't want to use vanity press, and…
> Publishers front nearly all of the deelopment costs of the book The largest development cost for a book is the labor to write the book, and the training required to be able to do so, and that is fronted entirely by the author. Advances tend to be very small and are a loan from the publisher to the author. Printing costs have been going down for decades. Print on demand now means that publishers have complete contro…
No, not a loan. An advance does not normally get paid back if it doesn't earn out.