Posted in publishing

Publishing Primer: Publishers Part Two

Today we’ll be discussing some of the disadvantages of working with a publisher. To find the post discussing the advantages, click HERE.

So, let’s talk why you might not want to work with a publisher. With every publishing track there are negatives and positives.


bb5f5-clock2balarm2bclockTime

Publisher’s timetable
6 months to one year +
Bigger publisher = slower
Sequels or other books may be delayed to accommodate other authors
Publishers have to prioritize (money is a big deciding factor)


c4223-robotcartoonMarketing

Majority of the marketing (time and cost) will fall to you
Small publishers have limited budgets
Large publishers have larger budgets, but it’s funneled to large projects
Results of marketing (time and money) is split with publisher


Rope 2Loss of Control

3-5 years is not uncommon (may be less)
Lose ability to post or publish your work in any other capacity
Book production is up to your publisher’s discretion. You may be asked for input, but the final decision is theirs
Future works may automatically fall under the control of your publisher as well\


Dollar SignMoney

Royalty rates TO THE AUTHOR vary
Large publisher: 5-25% (5-15 on print, 25 on ebooks)
Small publisher: 30-40% (all formats)
Hybrid publisher: 40-50% (ebook only)
Royalties help publishers recoup the initial expenses
This can be a large percentage of money the author will never see


Choosing whether or not to work with a publisher is just as important and choosing a publisher. Research is key!

Posted in agents, publishing

Publishing Primer: Agents

What is a literary agent?Blond Business Woman

A literary agent represents authors and submits to publishers and editors on their behalf

  • They also:
    • Negotiate Contracts
      Promote
      Negotiate contracts outside publishing
      Mediate

What are the benefits of having an agent?

  • Open Doors

    Avoid the slush file
    Pre-vetted status
    Bypass slow steps
    Agent only options

  • šKnowledge

    š“In the know”

    šDepends on how good the agent is and how good their contacts are

    šAccess to specific information

  • Mediation

    Navigate disputes
    Knowledgeable in: publishing contracts, foreign rights, media rights, royalty negotiations
    Disputes are common occurrence
    **Getting a lawyer involved is sometimes necessary

  • Advice

    Guidance for new authors
    Knows the book market and current trends
    Marketing opportunities
    Timing

What are the drawbacks of having an agent? 702f1-girl2bwith2bbooks

  • Money

    Legitimate agents will NEVER ask you for money
    Do get a cut of the royalties
    Domestic sales: 10-15%
    Foreign sales: fixed rate of 20%
    Film/media sales are usually negotiated separately

  • Time

    Querying can be SLOW
    Once you have an agent, querying starts all over again with publishers
    How long?
    A few months to several years
    It may not happen
    There should be a time limit in your contract

  • Control

    Once you sign, publishing options may be more limited
    Submissions are handled directly by your agent
    Additional work you write may automatically come under the agent’s control
    Variations of your book that are produced (film, graphic novel, audio, translation, etc.) may entitle your agent to a cut

Stop back by soon for more discussion on Publishers, Agents, and Publishing in this new Publishing Primer series.