Posted in publishing

Publishing Primer: Publishers

What does it mean to have a publisher? Are you better off with one or without one?

DeathtoStock_Creative Community9What is a publisher?

This is a more difficult question to answer than you might think!

Later on, we’ll discuss the different types of publishers, but for now, let’s start with the basics:

A publisher is a person/company that issues books/journals/etc. for sale.

Prep your manuscript for publishing.

Other aspects depend on the particular publisher.

Dollar SignWhat are the advantages to having a publisher?

Cost
A reputable publisher should NEVER ask the author for money.
What costs are publishers fronting?
Editing: $500-600
Cover design: $100-600.
Formatting: $100-300

Time
Editing, formatting, design all take time away from writing
The author is free to pursue other interests like writing or marketing
Setting up a book for publishing also takes time

Expanded Distribution/Marketing Options
Publishers can get into places that authors often can’t
EX: book signings at chain stores, special programs, “in stock,” events, etc.
High volume production = better deals from printers or events

iStock_000023280434LargeHelp
Teamwork
More creditability (Sometimes)
Answers to questions

Marketing
Varies GREATLY
Smaller publishers = greater amount of marketing
Your success = their success
Larger publishers = bigger budgets and marketing departments
Some of the costs of marketing will be taken on by the publisher

Next time we’ll discuss some of the disadvantages of publishers.

If you’d like to learn more about the pros and cons of Agents, you can find part ONE here and part TWO here.

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.