If you are interested in blogging or want to promote your book, please contact E. B. Davis at firstname.lastname@example.org
Our October Author Interviews--10/4 Wendy Tyson, 10/11 Marilyn Levinson, 10/18 Earl Javorski, 10/25 Linda Lovely. Please join us in welcoming these authors to WWK.
October Saturday Guest Bloggers: 10/7 Mark Bacon, 10/14 Elaine Orr, 10/21 WWK's Margaret S. Hamilton, 10/28 Kait Carson, and E. B. Davis 10/31 to fill out our fifth Tuesday.
WWK’s Carla Damron was one of three finalist for her novel, The Stone Necklace. Go to Carladamron.com for more information. Congratulations, Carla! Look for Carla's blog this month to find out the winner.
Congratulations to our writers for the following publications:
Warren Bull's new Lincoln mystery, Abraham Lincoln In Court & Campaign has been released. Look for the Kindle version on February 3.
Shari Randall's "Pets" will be included in Chesapeake Crimes: Fur, Feathers, and Felonies anthology, which will be published in 2018. In the same anthology "Rasputin," KM Rockwood's short story, will also be published. Her short story "Goldie" will be published in the Busted anthology, which will be released by Level Best Books on April 25th.
In addition, our prolific KM will have the following shorts published as well: "Sight Unseen" in Fish Out of Water, Guppie (SinC) anthology, just released, and "Making Tracks" in Passport to Murder, Bouchercon anthology, October 2017.
Margaret S. Hamilton's short story, "Baby Killer" will appear in the 2017 solar eclipse anthology Day of the Dark to be published this summer prior to the eclipse in August.
Tuesday, September 14, 2010
The Harsh Economics of Agent Love
A quick refresher in agent economics may shed some light on the question. Let’s say Ms. Agent has decided she needs to clear $75,000 to make a go of the agenting business. Further assume 25% of her gross will go for overhead: rent, supplies, a part-time reader maybe, lunches with editors. By golly, that means she needs to earn $100,000. [I've made up all the numbers, but they’re sufficient for our purposes here.]
Ain’t going to happen.
Turn this around: If she can make a sale a week (which would be spectacular) each sale needs to generate almost $13,000 and at a more realistic, but still pretty good, twenty-five sales a year, author royalties need to exceed $25,000 a book.
On average – and that’s the rub. What makes this whole industry work (currently) is not the average, but the positive outliers. A best seller covers a lot of minimal advances that never earn out—even though they might be just as well written as the best seller. Furthermore, it is rare for a first book to be a best seller.
A bunch of really good books, one per author, won’t generate nearly as much revenue for anyone as a series of good books by a single author. Haven’t we all read something by a new-to-us- author and then gone back to read their earlier books? That’s why agents want to sign people who can write multiple books.
This means the agent must invest time and effort on pre-published authors before they are profitable; and time and effort are precious resources for an agent. Like the rest of us, there is no way to get hours back once we have expended them. With so many pre-published authors vying for agent representation, why would an agent choose to represent an author whose first work they didn’t love?
It makes complete sense to me [but hey, I’m probably better at the finances stuff than the love angle anyway.] Now I just need to develop a strong enough query letter so an agent will want to read my stuff. Once they do, I know they’ll fall in love!