If you are interested in blogging or want to promote your book next year, please contact E. B. Davis at email@example.com
WWK welcomes Welcome Wednesday author interview guests--Edith Maxwell (writing as Maddie Day) 11/4, Elizabeth Duncan 11/11, and J. A. Hennrickus (writing as Julianne Holmes) 11/25, to our blog. Polly Iyer is filling in for us on 11/18 due to a delayed publication. Thanks, Polly! Our guest bloggers this month are--Sam Bohrman (11/7) and Pat Gulley (11/14) in addition to our steadfast Saturday bloggers, Sam Morton (11/21), and Kait Carson (11/28).
Kait's blog will be our last in 2015. Warren Bull will introduce the holiday season on 11/29. Gloria Alden, KM Rockwood, Shari Randall, E. B. Davis, and Paula Gail Benson will present holiday shorts among the holidays. Please look at our 2015 Guest Calendar for December dates. We will resume blogging on 1/3/16.
Maria Barbo at HarperCollins's Katherine Tegen Books has bought a debut YA fantasy by Sarah Henning, tentatively titled Heartless and pitched as the never-before-told origin story of the sea witch from Hans Christian Andersen's "The Little Mermaid" told in the vein of Wicked – from the villainess's point of view. Publication is set for fall 2017; Rachel Ekstrom at the Irene Goodman Literary Agency did the deal for world rights. Congratulations, Sarah! --Publishers Weekly 11/9/15
Gloria Alden released the sixth book in her Catherine Jewell mystery series. Carnations for Cornelia is available at Amazon. Congratulations, Gloria.
Congratulations to WWK's Carla Damron. Carla's book, The Stone Necklace, will be released on February 2, 2016. Pat Conroy served as Carla's editor on this project. For further information, look on Facebook or Amazon.
Warren Bull's "When Stinking Aliens Take Over Your Planet" appears in the new Whortleberry Press anthology, Strange Mysteries 6. "The Interview" was chosen to appear in the Flash Bang Mysteries anthology. The anthologies are available on Amazon in paper or Kindle formats.
"A Matter of Honor" by Robert Dugoni and Paula Gail Benson will be published in the first Killer Nashville anthology, KILLER NASHVILLE NOIR: COLD BLOODED, released on October 27, 2015.
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!