What does it mean to be "ready" to apply for a contract? what are the actual steps and qualifications to do so and is it really worth it?
Ready to Apply for Contract
Obtaining a contract generally means you can start earning an income with your book. The qualifications generally amounts to webnovel realizing that your book could generate money, sort of recognition that you worked/are working hard on producing a quality offering. Once upon a time you could apply for a contract but a few months ago it was stated that webnovel went back to their old 'don't call us, we'll call you' method of contracting. So in short they'll notify you through inkstone if they think they can make a buck off your back. And then you pick if you want to tie yourself to webnovel or you go for a non exclusive royalty contract.
The difference between the contracts is generally summed up that webnovel owns your work, guarantees you early payments as long as you meet their standards and you are tied to this site so they'll whore your book for you. Non exclusive, you can publish your book anywhere, you are not guaranteed any money so best hope you have a fan base... cause webnovel won't whore your book at all.
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